Qassim Cement Company

SASE:3040 Stock Report

Market Cap: ر.س4.9b

Qassim Cement Valuation

Is 3040 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of 3040 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: 3040 (SAR44.04) is trading below our estimate of future cash flow value (SAR49.43)

Significantly Below Future Cash Flow Value: 3040 is trading below future cash flow value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3040?

Key metric: As 3040 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 3040. This is calculated by dividing 3040's market cap by their current earnings.
What is 3040's PE Ratio?
PE Ratio20.1x
Earningsر.س240.04m
Market Capر.س4.87b

Price to Earnings Ratio vs Peers

How does 3040's PE Ratio compare to its peers?

The above table shows the PE ratio for 3040 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.7x
3020 YAMAMA Cement
10.5x0.77%ر.س5.1b
3030 Saudi Cement
13.4x6.40%ر.س4.7b
3092 Riyadh Cement
13.8x9.45%ر.س2.7b
3060 Yanbu Cement
21.3x0.50%ر.س2.4b
3040 Qassim Cement
20.1x5.85%ر.س4.9b

Price-To-Earnings vs Peers: 3040 is expensive based on its Price-To-Earnings Ratio (20.1x) compared to the peer average (14.7x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does 3040's PE Ratio compare vs other companies in the Asian Basic Materials Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
3040 20.1xIndustry Avg. 13.9xNo. of Companies49PE01224364860+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 3040 is expensive based on its Price-To-Earnings Ratio (20.1x) compared to the Asian Basic Materials industry average (14.2x).

Price to Earnings Ratio vs Fair Ratio

What is 3040'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.

3040 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.1x
Fair PE Ratio16.6x

Price-To-Earnings vs Fair Ratio: 3040 is expensive based on its Price-To-Earnings Ratio (20.1x) compared to the estimated Fair Price-To-Earnings Ratio (16.6x).

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 3040 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentر.س44.04
ر.س45.50
+3.32%
2.53%ر.س47.00ر.س44.20n/a3
Jun ’27ر.س46.10
ر.س45.50
-1.30%
2.53%ر.س47.00ر.س44.20n/a3
May ’27ر.س43.56
ر.س44.83
+2.92%
3.51%ر.س47.00ر.س43.30n/a3
Apr ’27ر.س44.06
ر.س48.57
+10.23%
10.42%ر.س55.40ر.س43.30n/a3
Mar ’27ر.س41.94
ر.س48.57
+15.80%
10.42%ر.س55.40ر.س43.30n/a3
Feb ’27ر.س42.66
ر.س51.67
+21.11%
9.54%ر.س55.40ر.س44.70n/a3
Jan ’27ر.س42.30
ر.س51.67
+22.14%
9.54%ر.س55.40ر.س44.70n/a3
Dec ’26ر.س41.82
ر.س51.67
+23.55%
9.54%ر.س55.40ر.س44.70n/a3
Nov ’26ر.س42.20
ر.س55.15
+30.69%
0.45%ر.س55.40ر.س54.90n/a2
Oct ’26ر.س43.00
ر.س55.15
+28.26%
0.45%ر.س55.40ر.س54.90n/a2
Sep ’26ر.س41.64
ر.س55.15
+32.44%
0.45%ر.س55.40ر.س54.90n/a2
Aug ’26ر.س46.08
ر.س56.10
+21.74%
3.25%ر.س58.60ر.س54.30n/a3
Jul ’26ر.س50.80
ر.س56.10
+10.43%
3.25%ر.س58.60ر.س54.30n/a3
Jun ’26ر.س50.30
ر.س55.83
+10.98%
2.96%ر.س58.60ر.س54.30ر.س46.104
May ’26ر.س52.70
ر.س55.83
+5.93%
2.96%ر.س58.60ر.س54.30ر.س43.564
Apr ’26ر.س52.60
ر.س55.83
+6.13%
2.96%ر.س58.60ر.س54.30ر.س44.064
Mar ’26ر.س51.60
ر.س55.83
+8.19%
2.96%ر.س58.60ر.س54.30ر.س41.944
Feb ’26ر.س53.20
ر.س56.68
+6.53%
3.60%ر.س58.80ر.س54.30ر.س42.664
Jan ’26ر.س52.90
ر.س56.68
+7.14%
3.60%ر.س58.80ر.س54.30ر.س42.304
Dec ’25ر.س52.80
ر.س57.23
+8.40%
3.63%ر.س58.80ر.س54.30ر.س41.823
Nov ’25ر.س52.30
ر.س53.43
+2.15%
8.61%ر.س58.60ر.س46.00ر.س42.204
Oct ’25ر.س52.80
ر.س53.13
+0.63%
9.93%ر.س58.60ر.س46.00ر.س43.003
Sep ’25ر.س54.40
ر.س53.35
-1.93%
8.60%ر.س58.60ر.س46.00ر.س41.644
Aug ’25ر.س54.10
ر.س53.35
-1.39%
8.60%ر.س58.60ر.س46.00ر.س46.084
Jul ’25ر.س56.60
ر.س55.60
-1.77%
10.95%ر.س64.60ر.س46.00ر.س50.805
Jun ’25ر.س57.70
ر.س55.60
-3.64%
10.95%ر.س64.60ر.س46.00ر.س50.305
ر.س45.5
Fair Value
3.2% undervalued intrinsic discount
3
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 Analysis2026/06/11 17:55
End of Day Share Price 2026/06/11 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

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 Github.

Analyst Sources

Qassim Cement Company is covered by 13 analysts. 2 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
null nullAl Rajhi Capital
Mohamad HaidarArqaam Capital Research Offshore S.A.L.