3004 Stock Overview
Northern Region Cement Company engages in the production and sale of Portland cement in Saudi Arabia and The Hashemite Kingdom of Jordan.
Northern Region Cement Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||ر.س11.68|
|52 Week High||ر.س16.10|
|52 Week Low||ر.س10.92|
|1 Month Change||-2.50%|
|3 Month Change||0.69%|
|1 Year Change||-26.73%|
|3 Year Change||10.40%|
|5 Year Change||24.92%|
|Change since IPO||-56.74%|
Recent News & Updates
Northern Region Cement (TADAWUL:3004) Is Reinvesting At Lower Rates Of Return
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
|3004||SA Basic Materials||SA Market|
Return vs Industry: 3004 underperformed the SA Basic Materials industry which returned -19% over the past year.
Return vs Market: 3004 underperformed the SA Market which returned 4.8% over the past year.
|3004 Average Weekly Movement||2.6%|
|Basic Materials Industry Average Movement||3.5%|
|Market Average Movement||4.6%|
|10% most volatile stocks in SA Market||7.2%|
|10% least volatile stocks in SA Market||2.9%|
Stable Share Price: 3004 is less volatile than 75% of SA stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: 3004's weekly volatility (3%) has been stable over the past year.
About the Company
|2006||n/a||Obaid Bin Al Subaie||https://www.nrc.com.sa|
Northern Region Cement Company engages in the production and sale of Portland cement in Saudi Arabia and The Hashemite Kingdom of Jordan. It provides white Portland cement for precast, concrete structural, and architectural construction purposes; and white Portland limestone cement for decorative concrete products and tiles. The company also offers ordinary Portland cement that is used for pavements, floors, concrete buildings, bridges, railway structures, warehouses, tanks, water pipes, and construction units; sulfate resistant grey Portland cement for use in concrete exposed to high sulfur reactions; and oil well cement.
Northern Region Cement Fundamentals Summary
|3004 fundamental statistics|
Is 3004 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|3004 income statement (TTM)|
|Cost of Revenue||ر.س299.43m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||0.56|
|Net Profit Margin||19.44%|
How did 3004 perform over the long term?See historical performance and comparison
4.3%Current Dividend Yield
Is 3004 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 1/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 3004?
Other financial metrics that can be useful for relative valuation.
|What is 3004's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 3004's PE Ratio compare to its peers?
|3004 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
3003 City Cement
3002 Najran Cement
9512 Riyadh Cement
3080 Eastern Province Cement
3004 Northern Region Cement
Price-To-Earnings vs Peers: 3004 is good value based on its Price-To-Earnings Ratio (20.7x) compared to the peer average (27.2x).
Price to Earnings Ratio vs Industry
How does 3004's PE Ratio compare vs other companies in the Asian Basic Materials Industry?
Price-To-Earnings vs Industry: 3004 is expensive based on its Price-To-Earnings Ratio (20.7x) compared to the Asian Basic Materials industry average (15.2x)
Price to Earnings Ratio vs Fair Ratio
What is 3004's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||20.7x|
|Fair PE Ratio||n/a|
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 3004's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of 3004 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 3004 (SAR11.68) is trading above our estimate of fair value (SAR4.1)
Significantly Below Fair Value: 3004 is trading above our estimate of fair value.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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How is Northern Region Cement forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted Materials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Northern Region Cement has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
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- Examine Northern Region Cement's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
How has Northern Region Cement performed over the past 5 years?
Past Performance Score3/6
Past Performance Score 3/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 3004 has high quality earnings.
Growing Profit Margin: 3004's current net profit margins (19.4%) are higher than last year (18.4%).
Past Earnings Growth Analysis
Earnings Trend: 3004's earnings have grown significantly by 22% per year over the past 5 years.
Accelerating Growth: 3004's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 3004 had negative earnings growth (-14.7%) over the past year, making it difficult to compare to the Basic Materials industry average (-50.4%).
Return on Equity
High ROE: 3004's Return on Equity (4.6%) is considered low.
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How is Northern Region Cement's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 3004's short term assets (SAR841.8M) exceed its short term liabilities (SAR776.0M).
Long Term Liabilities: 3004's short term assets (SAR841.8M) exceed its long term liabilities (SAR404.3M).
Debt to Equity History and Analysis
Debt Level: 3004's net debt to equity ratio (40.3%) is considered high.
Reducing Debt: 3004's debt to equity ratio has reduced from 49.9% to 42.4% over the past 5 years.
Debt Coverage: 3004's debt is not well covered by operating cash flow (12.6%).
Interest Coverage: 3004's interest payments on its debt are well covered by EBIT (5.9x coverage).
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What is Northern Region Cement current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|Northern Region Cement Dividend Yield vs Market|
|Company (Northern Region Cement)||4.3%|
|Market Bottom 25% (SA)||2.0%|
|Market Top 25% (SA)||4.7%|
|Industry Average (Basic Materials)||4.3%|
|Analyst forecast in 3 Years (Northern Region Cement)||n/a|
Notable Dividend: 3004's dividend (4.28%) is higher than the bottom 25% of dividend payers in the SA market (2.03%).
High Dividend: 3004's dividend (4.28%) is low compared to the top 25% of dividend payers in the SA market (4.65%).
Stability and Growth of Payments
Stable Dividend: 3004's dividend payments have been volatile in the past 10 years.
Growing Dividend: 3004's dividend payments have fallen over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (44.4%), 3004's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 3004 is paying a dividend but the company has no free cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Obaid Bin Al Subaie (58 yo)
Dr. Obaid Bin Sa'ad Al Subaie serves as Chief Executive Officer at Northern Region Cement Company. He was General Manager at Northern Region Cement Company since 2010. Dr. Al Subaie joined Northern Region...
Experienced Board: 3004's board of directors are seasoned and experienced ( 16.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Northern Region Cement Company's employee growth, exchange listings and data sources
- Name: Northern Region Cement Company
- Ticker: 3004
- Exchange: SASE
- Founded: 2006
- Industry: Construction Materials
- Sector: Materials
- Implied Market Cap: ر.س2.084b
- Shares outstanding: 180.00m
- Website: https://www.nrc.com.sa
- Northern Region Cement Company
- PO Box: 61011
- Saudi Arabia
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|3004||SASE (Saudi Arabian Stock Exchange)||Yes||Ordinary Shares||SA||SAR||Feb 2013|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/10/03 00:00|
|End of Day Share Price||2022/10/03 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.