Stock Analysis

Northern Region Cement First Quarter 2024 Earnings: EPS: ر.س0.29 (vs ر.س0.12 in 1Q 2023)

SASE:3004
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Northern Region Cement (TADAWUL:3004) First Quarter 2024 Results

Key Financial Results

  • Revenue: ر.س139.1m (down 23% from 1Q 2023).
  • Net income: ر.س51.6m (up 141% from 1Q 2023).
  • Profit margin: 37% (up from 12% in 1Q 2023).
  • EPS: ر.س0.29 (up from ر.س0.12 in 1Q 2023).
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SASE:3004 Earnings and Revenue Growth May 22nd 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Northern Region Cement Earnings Insights

Looking ahead, revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Basic Materials industry in Saudi Arabia.

Performance of the Saudi Basic Materials industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Northern Region Cement (of which 1 is a bit concerning!) you should know about.

Valuation is complex, but we're helping make it simple.

Find out whether Northern Region Cement is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

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