Saudi Cement Company

SASE:3030 Stock Report

Market Cap: ر.س6.5b

Saudi Cement Valuation

Is 3030 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 3030 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
ر.س48.27
Fair Value
12.6% undervalued intrinsic discount
6
Number of Analysts

Below Fair Value: 3030 (SAR42.2) is trading below our estimate of fair value (SAR48.27)

Significantly Below Fair Value: 3030 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3030?

Key metric: As 3030 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 3030. This is calculated by dividing 3030's market cap by their current earnings.
What is 3030's PE Ratio?
PE Ratio15.9x
Earningsر.س405.07m
Market Capر.س6.46b

Price to Earnings Ratio vs Peers

How does 3030's PE Ratio compare to its peers?

The above table shows the PE ratio for 3030 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Averagen/a

Price-To-Earnings vs Peers: 3030 is good value based on its Price-To-Earnings Ratio (15.9x) compared to the peer average (19.8x).

Price to Earnings Ratio vs Industry

How does 3030's PE Ratio compare vs other companies in the Basic Materials Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies0PE048121620
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 3030 is good value based on its Price-To-Earnings Ratio (15.9x) compared to the Asian Basic Materials industry average (16.9x).

Price to Earnings Ratio vs Fair Ratio

What is 3030'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.

3030 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.9x
Fair PE Ratio16.3x

Price-To-Earnings vs Fair Ratio: 3030 is good value based on its Price-To-Earnings Ratio (15.9x) compared to the estimated Fair Price-To-Earnings Ratio (16.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 3030 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentر.س42.20
ر.س48.17
+14.1%
8.8%ر.س53.70ر.س42.00n/a6
Jan ’26ر.س42.70
ر.س48.92
+14.6%
11.0%ر.س58.20ر.س42.00n/a6
Dec ’25ر.س41.30
ر.س50.30
+21.8%
9.6%ر.س58.20ر.س45.00n/a5
Nov ’25ر.س40.20
ر.س49.18
+22.3%
9.3%ر.س55.30ر.س43.00n/a5
Oct ’25ر.س41.65
ر.س50.22
+20.6%
8.2%ر.س55.50ر.س43.00n/a5
Sep ’25ر.س41.45
ر.س50.42
+21.6%
8.2%ر.س56.90ر.س43.00n/a6
Aug ’25ر.س42.85
ر.س52.39
+22.3%
11.4%ر.س63.00ر.س43.00n/a7
Jul ’25ر.س45.55
ر.س52.84
+16.0%
10.8%ر.س63.00ر.س43.00n/a8
Jun ’25ر.س44.85
ر.س52.84
+17.8%
10.8%ر.س63.00ر.س43.00n/a8
May ’25ر.س45.65
ر.س54.06
+18.4%
10.6%ر.س63.00ر.س43.00n/a8
Apr ’25ر.س46.75
ر.س56.44
+20.7%
6.2%ر.س63.00ر.س50.00n/a7
Mar ’25ر.س46.70
ر.س57.98
+24.2%
8.0%ر.س63.30ر.س50.00n/a6
Feb ’25ر.س47.70
ر.س57.98
+21.6%
8.0%ر.س63.30ر.س50.00n/a6
Jan ’25ر.س52.40
ر.س59.21
+13.0%
5.1%ر.س63.30ر.س56.00ر.س42.707
Dec ’24ر.س52.80
ر.س60.86
+15.3%
4.0%ر.س63.30ر.س56.00ر.س41.307
Nov ’24ر.س50.10
ر.س61.16
+22.1%
4.6%ر.س65.40ر.س56.00ر.س40.207
Oct ’24ر.س52.50
ر.س61.16
+16.5%
4.6%ر.س65.40ر.س56.00ر.س41.657
Sep ’24ر.س54.10
ر.س61.16
+13.0%
4.6%ر.س65.40ر.س56.00ر.س41.457
Aug ’24ر.س58.30
ر.س59.67
+2.4%
8.4%ر.س65.60ر.س50.00ر.س42.857
Jul ’24n/a
ر.س59.67
0%
8.4%ر.س65.60ر.س50.00ر.س45.557
Jun ’24ر.س60.00
ر.س58.08
-3.2%
10.4%ر.س65.60ر.س50.00ر.س44.856
May ’24ر.س56.20
ر.س52.70
-6.2%
3.6%ر.س55.00ر.س50.00ر.س45.654
Apr ’24ر.س56.00
ر.س50.87
-9.2%
1.5%ر.س51.90ر.س50.00ر.س46.753
Mar ’24ر.س52.50
ر.س53.65
+2.2%
6.8%ر.س59.70ر.س50.00ر.س46.704
Feb ’24ر.س52.50
ر.س53.65
+2.2%
6.8%ر.س59.70ر.س50.00ر.س47.704
Jan ’24ر.س52.20
ر.س54.54
+4.5%
6.8%ر.س59.70ر.س50.00ر.س52.405
Analyst Price Target
Consensus Narrative from 6 Analysts
ر.س48.17
Fair Value
12.4% undervalued intrinsic discount
6
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/22 18:47
End of Day Share Price 2025/01/22 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Saudi Cement Company is covered by 16 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jassim Al-JubranAljazira Capital Company
Fadwa AouiniAlphaMena
Mazen Al-SudairiAl Rajhi Capital