Riyadh Cement Company

SASE:3092 Stock Report

Market Cap: ر.س2.9b

Riyadh Cement Valuation

Is 3092 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation 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 3092 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3092 (SAR24.12) is trading below our estimate of fair value (SAR31.38)

Significantly Below Fair Value: 3092 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3092?

Key metric: As 3092 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 3092. This is calculated by dividing 3092's market cap by their current earnings.
What is 3092's PE Ratio?
PE Ratio12.6x
Earningsر.س229.24m
Market Capر.س2.89b

Price to Earnings Ratio vs Peers

How does 3092's PE Ratio compare to its peers?

The above table shows the PE ratio for 3092 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.7x
3080 Eastern Province Cement
9.2x2.66%ر.س2.1b
3060 Yanbu Cement
20.9xn/aر.س2.3b
3003 City Cement
12.8xn/aر.س1.8b
3020 YAMAMA Cement
11.6x-1.22%ر.س4.9b
3092 Riyadh Cement
12.6x13.11%ر.س2.9b

Price-To-Earnings vs Peers: 3092 is good value based on its Price-To-Earnings Ratio (12.6x) compared to the peer average (13.7x).

Price to Earnings Ratio vs Industry

How does 3092's PE Ratio compare vs other companies in the Asian Basic Materials Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
3092 12.6xIndustry Avg. 15.0xNo. of Companies45PE01224364860+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 3092 is good value based on its Price-To-Earnings Ratio (12.6x) compared to the Asian Basic Materials industry average (14.8x).

Price to Earnings Ratio vs Fair Ratio

What is 3092'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.

3092 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.6x
Fair PE Ratio18x

Price-To-Earnings vs Fair Ratio: 3092 is good value based on its Price-To-Earnings Ratio (12.6x) compared to the estimated Fair Price-To-Earnings Ratio (18x).

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 3092 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentر.س24.12
ر.س36.50
+51.33%
9.59%ر.س40.00ر.س33.00n/a2
Dec ’26ر.س23.59
ر.س36.50
+54.73%
9.59%ر.س40.00ر.س33.00n/a2
Nov ’26ر.س26.30
ر.س36.50
+38.78%
9.59%ر.س40.00ر.س33.00n/a2
Oct ’26ر.س28.38
ر.س38.00
+33.90%
5.26%ر.س40.00ر.س36.00n/a2
Sep ’26ر.س30.16
ر.س38.00
+25.99%
5.26%ر.س40.00ر.س36.00n/a2
Aug ’26ر.س31.76
ر.س38.00
+19.65%
5.26%ر.س40.00ر.س36.00n/a2
Jul ’26ر.س31.88
ر.س35.00
+9.79%
14.29%ر.س40.00ر.س30.00n/a2
Jun ’26ر.س31.75
ر.س35.00
+10.24%
14.29%ر.س40.00ر.س30.00n/a2
May ’26ر.س33.65
ر.س35.00
+4.01%
14.29%ر.س40.00ر.س30.00n/a2
Apr ’26ر.س36.70
ر.س35.00
-4.63%
14.29%ر.س40.00ر.س30.00n/a2
Mar ’26ر.س35.85
ر.س35.00
-2.37%
14.29%ر.س40.00ر.س30.00n/a2
Feb ’26ر.س34.05
ر.س32.85
-3.52%
8.68%ر.س35.70ر.س30.00n/a2
Jan ’26ر.س32.10
ر.س32.85
+2.34%
8.68%ر.س35.70ر.س30.00n/a2
Dec ’25ر.س31.70
ر.س32.85
+3.63%
8.68%ر.س35.70ر.س30.00ر.س23.592
Nov ’25ر.س28.20
ر.س32.85
+16.49%
8.68%ر.س35.70ر.س30.00ر.س26.302
Oct ’25ر.س27.10
ر.س32.35
+19.37%
10.36%ر.س35.70ر.س29.00ر.س28.382
Sep ’25ر.س25.70
ر.س31.57
+22.83%
9.35%ر.س35.70ر.س29.00ر.س30.163
Aug ’25ر.س24.78
ر.س31.57
+27.39%
9.35%ر.س35.70ر.س29.00ر.س31.763
Jul ’25ر.س25.40
ر.س33.43
+31.59%
12.30%ر.س39.00ر.س29.00ر.س31.884
Jun ’25ر.س26.70
ر.س33.43
+25.19%
12.30%ر.س39.00ر.س29.00ر.س31.754
May ’25ر.س27.50
ر.س33.90
+23.27%
13.10%ر.س39.00ر.س29.00ر.س33.654
Apr ’25ر.س28.60
ر.س35.53
+24.24%
11.13%ر.س39.00ر.س30.00ر.س36.703
Mar ’25ر.س28.85
ر.س35.53
+23.17%
11.13%ر.س39.00ر.س30.00ر.س35.853
Feb ’25ر.س28.95
ر.س35.53
+22.74%
11.13%ر.س39.00ر.س30.00ر.س34.053
Jan ’25ر.س34.00
ر.س36.87
+8.43%
5.71%ر.س39.00ر.س34.00ر.س32.103
Dec ’24ر.س34.80
ر.س35.57
+2.20%
4.24%ر.س37.60ر.س34.00ر.س31.703
ر.س36.5
Fair Value
33.9% undervalued intrinsic discount
2
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/26 14:47
End of Day Share Price 2025/12/25 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

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

Riyadh Cement Company is covered by 6 analysts. 1 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.