Saudi Cement Valuation
Is 3030 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
5/6Valuation Score 5/6
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.
Below Fair Value: 3030 (SAR40.85) is trading below our estimate of fair value (SAR48.63)
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.
| What is 3030's PE Ratio? | |
|---|---|
| PE Ratio | 15.4x |
| Earnings | ر.س405.07m |
| Market Cap | ر.س6.25b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 4.2x |
| Enterprise Value/EBITDA | 11.1x |
| PEG Ratio | 4.3x |
Price to Earnings Ratio vs Peers
How does 3030's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 19x | ||
3020 YAMAMA Cement | 18.1x | 6.2% | ر.س6.3b |
3040 Qassim Cement | 22.6x | 4.3% | ر.س5.9b |
3092 Riyadh Cement | 14.3x | -6.9% | ر.س3.9b |
3050 Southern Province Cement | 21.2x | 7.5% | ر.س4.6b |
3030 Saudi Cement | 15.4x | 3.6% | ر.س6.3b |
Price-To-Earnings vs Peers: 3030 is good value based on its Price-To-Earnings Ratio (15.4x) compared to the peer average (19x).
Price to Earnings Ratio vs Industry
How does 3030's PE Ratio compare vs other companies in the Asian Basic Materials Industry?
| 1 Company | Price / Earnings | Estimated Growth | Market Cap |
|---|---|---|---|
| 1 Company | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Earnings vs Industry: 3030 is good value based on its Price-To-Earnings Ratio (15.4x) compared to the Asian Basic Materials industry average (17.3x).
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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 15.4x |
| Fair PE Ratio | 17.6x |
Price-To-Earnings vs Fair Ratio: 3030 is good value based on its Price-To-Earnings Ratio (15.4x) compared to the estimated Fair Price-To-Earnings Ratio (17.6x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | ر.س40.85 | ر.س49.08 +20.2% | 10.6% | ر.س58.20 | ر.س43.00 | n/a | 6 |
| Nov ’25 | ر.س40.20 | ر.س49.18 +22.3% | 9.3% | ر.س55.30 | ر.س43.00 | n/a | 5 |
| Oct ’25 | ر.س41.65 | ر.س50.22 +20.6% | 8.2% | ر.س55.50 | ر.س43.00 | n/a | 5 |
| Sep ’25 | ر.س41.45 | ر.س50.42 +21.6% | 8.2% | ر.س56.90 | ر.س43.00 | n/a | 6 |
| Aug ’25 | ر.س42.85 | ر.س52.39 +22.3% | 11.4% | ر.س63.00 | ر.س43.00 | n/a | 7 |
| Jul ’25 | ر.س45.55 | ر.س52.84 +16.0% | 10.8% | ر.س63.00 | ر.س43.00 | n/a | 8 |
| Jun ’25 | ر.س44.85 | ر.س52.84 +17.8% | 10.8% | ر.س63.00 | ر.س43.00 | n/a | 8 |
| May ’25 | ر.س45.65 | ر.س54.06 +18.4% | 10.6% | ر.س63.00 | ر.س43.00 | n/a | 8 |
| Apr ’25 | ر.س46.75 | ر.س56.44 +20.7% | 6.2% | ر.س63.00 | ر.س50.00 | n/a | 7 |
| Mar ’25 | ر.س46.70 | ر.س57.98 +24.2% | 8.0% | ر.س63.30 | ر.س50.00 | n/a | 6 |
| Feb ’25 | ر.س47.70 | ر.س57.98 +21.6% | 8.0% | ر.س63.30 | ر.س50.00 | n/a | 6 |
| Jan ’25 | ر.س52.40 | ر.س59.21 +13.0% | 5.1% | ر.س63.30 | ر.س56.00 | n/a | 7 |
| Dec ’24 | ر.س52.80 | ر.س60.86 +15.3% | 4.0% | ر.س63.30 | ر.س56.00 | n/a | 7 |
| Nov ’24 | ر.س50.10 | ر.س61.16 +22.1% | 4.6% | ر.س65.40 | ر.س56.00 | ر.س40.20 | 7 |
| Oct ’24 | ر.س52.50 | ر.س61.16 +16.5% | 4.6% | ر.س65.40 | ر.س56.00 | ر.س41.65 | 7 |
| Sep ’24 | ر.س54.10 | ر.س61.16 +13.0% | 4.6% | ر.س65.40 | ر.س56.00 | ر.س41.45 | 7 |
| Aug ’24 | ر.س58.30 | ر.س59.67 +2.4% | 8.4% | ر.س65.60 | ر.س50.00 | ر.س42.85 | 7 |
| Jul ’24 | n/a | ر.س59.67 0% | 8.4% | ر.س65.60 | ر.س50.00 | ر.س45.55 | 7 |
| Jun ’24 | ر.س60.00 | ر.س58.08 -3.2% | 10.4% | ر.س65.60 | ر.س50.00 | ر.س44.85 | 6 |
| May ’24 | ر.س56.20 | ر.س52.70 -6.2% | 3.6% | ر.س55.00 | ر.س50.00 | ر.س45.65 | 4 |
| Apr ’24 | ر.س56.00 | ر.س50.87 -9.2% | 1.5% | ر.س51.90 | ر.س50.00 | ر.س46.75 | 3 |
| Mar ’24 | ر.س52.50 | ر.س53.65 +2.2% | 6.8% | ر.س59.70 | ر.س50.00 | ر.س46.70 | 4 |
| Feb ’24 | ر.س52.50 | ر.س53.65 +2.2% | 6.8% | ر.س59.70 | ر.س50.00 | ر.س47.70 | 4 |
| Jan ’24 | ر.س52.20 | ر.س54.54 +4.5% | 6.8% | ر.س59.70 | ر.س50.00 | ر.س52.40 | 5 |
| Dec ’23 | ر.س52.00 | ر.س55.20 +6.2% | 7.0% | ر.س59.70 | ر.س50.00 | ر.س52.80 | 4 |
| Nov ’23 | ر.س53.40 | ر.س55.60 +4.1% | 6.4% | ر.س59.70 | ر.س50.00 | ر.س50.10 | 5 |
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
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