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3050

Southern Province CementSASE:3050 Stock Report

Market Cap

ر.س9.8b

7D

-2.0%

1Y

-6.4%

Updated

25 Nov, 2021

Data

Company Financials +
3050 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance1/6
Financial Health6/6
Dividends2/6

3050 Stock Overview

Southern Province Cement Company engages in the production and sale of cement, clinker, and its derivatives in Saudi Arabia.

Southern Province Cement Competitors

Saudi Cement

SASE:3030

ر.س9.2b

Qassim Cement

SASE:3040

ر.س7.3b

Yanbu Cement

SASE:3060

ر.س6.0b

Yamama Saudi Cement

SASE:3020

ر.س5.4b

Price History & Performance

Summary of all time highs, changes and price drops for Southern Province Cement
Historical stock prices
Current Share Priceر.س70.00
52 Week Highر.س91.20
52 Week Lowر.س68.80
Beta0.27
1 Month Change-1.82%
3 Month Change-6.92%
1 Year Change-6.42%
3 Year Change93.64%
5 Year Change-10.03%
Change since IPO163.65%

Recent News & Updates

Nov 25
Capital Allocation Trends At Southern Province Cement (TADAWUL:3050) Aren't Ideal

Capital Allocation Trends At Southern Province Cement (TADAWUL:3050) Aren't Ideal

If we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? A business...

Aug 22
Is There An Opportunity With Southern Province Cement Company's (TADAWUL:3050) 36% Undervaluation?

Is There An Opportunity With Southern Province Cement Company's (TADAWUL:3050) 36% Undervaluation?

Today we will run through one way of estimating the intrinsic value of Southern Province Cement Company ( TADAWUL:3050...

Shareholder Returns

3050SA Basic MaterialsSA Market
7D-2.0%-2.2%-3.2%
1Y-6.4%4.6%7.8%

Return vs Industry: 3050 underperformed the SA Basic Materials industry which returned 4.6% over the past year.

Return vs Market: 3050 underperformed the SA Market which returned 7.8% over the past year.

Price Volatility

Is 3050's price volatile compared to industry and market?
3050 volatility
3050 Average Weekly Movement2.3%
Basic Materials Industry Average Movement2.4%
Market Average Movement3.4%
10% most volatile stocks in SA Market5.4%
10% least volatile stocks in SA Market2.1%

Stable Share Price: 3050 is less volatile than 75% of SA stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: 3050's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1978n/aAqeel Kadasahttps://www.spcc.sa

Southern Province Cement Company engages in the production and sale of cement, clinker, and its derivatives in Saudi Arabia. The company was founded in 1978 and is headquartered in Abha, Saudi Arabia.

Southern Province Cement Fundamentals Summary

How do Southern Province Cement's earnings and revenue compare to its market cap?
3050 fundamental statistics
Market Capر.س9.80b
Earnings (TTM)ر.س494.69m
Revenue (TTM)ر.س1.44b

19.8x

P/E Ratio

6.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
3050 income statement (TTM)
Revenueر.س1.44b
Cost of Revenueر.س870.06m
Gross Profitر.س571.63m
Expensesر.س76.94m
Earningsر.س494.69m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)3.53
Gross Margin39.65%
Net Profit Margin34.31%
Debt/Equity Ratio11.1%

How did 3050 perform over the long term?

See historical performance and comparison

Dividends

7.1%

Current Dividend Yield

106%

Payout Ratio

Valuation

Is Southern Province Cement undervalued compared to its fair value and its price relative to the market?

20.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 3050 (SAR70) is trading below our estimate of fair value (SAR87.64)

Significantly Below Fair Value: 3050 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 3050's PE Ratio (19.8x) is in line with the SA Basic Materials industry average.

PE vs Market: 3050 is good value based on its PE Ratio (19.8x) compared to the SA market (25.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 3050's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 3050 is overvalued based on its PB Ratio (3.2x) compared to the SA Basic Materials industry average (1.8x).


Future Growth

How is Southern Province Cement forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

3.2%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if 3050's forecast earnings growth is above the savings rate (9.1%).

Earnings vs Market: Insufficient data to determine if 3050's earnings are forecast to grow faster than the SA market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 3050's revenue (3.2% per year) is forecast to grow faster than the SA market (2.2% per year).

High Growth Revenue: 3050's revenue (3.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 3050's Return on Equity is forecast to be low in 3 years time (19.3%).


Past Performance

How has Southern Province Cement performed over the past 5 years?

-4.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 3050 has high quality earnings.

Growing Profit Margin: 3050's current net profit margins (34.3%) are lower than last year (38.9%).


Past Earnings Growth Analysis

Earnings Trend: 3050's earnings have declined by 4.9% per year over the past 5 years.

Accelerating Growth: 3050's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 3050 had negative earnings growth (-21.5%) over the past year, making it difficult to compare to the Basic Materials industry average (-16.9%).


Return on Equity

High ROE: 3050's Return on Equity (15.9%) is considered low.


Financial Health

How is Southern Province Cement's financial position?


Financial Position Analysis

Short Term Liabilities: 3050's short term assets (SAR1.0B) exceed its short term liabilities (SAR380.8M).

Long Term Liabilities: 3050's short term assets (SAR1.0B) exceed its long term liabilities (SAR392.4M).


Debt to Equity History and Analysis

Debt Level: 3050 has more cash than its total debt.

Reducing Debt: 3050's debt to equity ratio has reduced from 18.7% to 11.1% over the past 5 years.

Debt Coverage: 3050's debt is well covered by operating cash flow (197.4%).

Interest Coverage: 3050's interest payments on its debt are well covered by EBIT (81.5x coverage).


Balance Sheet


Dividend

What is Southern Province Cement current dividend yield, its reliability and sustainability?

7.14%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 3050's dividend (7.14%) is higher than the bottom 25% of dividend payers in the SA market (1.61%).

High Dividend: 3050's dividend (7.14%) is in the top 25% of dividend payers in the SA market (4.3%)


Stability and Growth of Payments

Stable Dividend: 3050 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 3050 has only been paying a dividend for 9 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (106.1%), 3050's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 3050's dividends in 3 years are not forecast to be well covered by earnings (104% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

Aqeel Kadasa

1.33yrs

Tenure

Mr. Aqeel Futis Kadasa serves as Chief Executive Officer at Southern Province Cement Company since July 12, 2020. He started working for Yamama Cement Co and then the Saudi Electricity Company (SEC) before...


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Southern Province Cement Company's employee growth, exchange listings and data sources


Key Information

  • Name: Southern Province Cement Company
  • Ticker: 3050
  • Exchange: SASE
  • Founded: 1978
  • Industry: Construction Materials
  • Sector: Materials
  • Market Cap: ر.س9.800b
  • Shares outstanding: 140.00m
  • Website: https://www.spcc.sa

Location

  • Southern Province Cement Company
  • King Fahad Road
  • PO Box 548
  • Abha
  • 62581
  • Saudi Arabia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/25 16:06
End of Day Share Price2021/11/25 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.