Carthage Cement SA manufactures and markets hydraulic binders in Tunisia.
Price History & Performance
|Historical stock prices|
|Current Share Price||د.ت1.46|
|52 Week High||د.ت1.35|
|52 Week Low||د.ت2.29|
|1 Month Change||2.82%|
|3 Month Change||-7.60%|
|1 Year Change||-3.95%|
|3 Year Change||-3.95%|
|5 Year Change||-41.60%|
|Change since IPO||-48.33%|
Recent News & Updates
|CC||TN Basic Materials||TN Market|
Return vs Industry: CC underperformed the TN Basic Materials industry which returned 67.6% over the past year.
Return vs Market: CC underperformed the TN Market which returned -0.4% over the past year.
Stable Share Price: CC is more volatile than 75% of TN stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: CC's weekly volatility (4%) has been stable over the past year, but is still higher than 75% of TN stocks.
About the Company
Carthage Cement SA manufactures and markets hydraulic binders in Tunisia. The company offers Portland cement, Portland high sulfate resistance cement, and artificial hydraulic lime. It is also involved in the exploitation, production, and marketing of aggregates, including source rock, sharp sand, gravel, run material, and ballast and cement blocks; and production and marketing of ready-mixed concrete.
Carthage Cement Fundamentals Summary
|CC fundamental statistics|
Is CC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|CC income statement (TTM)|
|Cost of Revenue||د.ت149.21m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.11|
|Net Profit Margin||11.66%|
How did CC perform over the long term?See historical performance and comparison
Is Carthage Cement undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CC (TND1.46) is trading below our estimate of fair value (TND1.53)
Significantly Below Fair Value: CC is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: CC is good value based on its PE Ratio (12.9x) compared to the African Basic Materials industry average (13.3x).
PE vs Market: CC is poor value based on its PE Ratio (12.9x) compared to the TN market (11.9x).
Price to Earnings Growth Ratio
PEG Ratio: CC is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: CC is overvalued based on its PB Ratio (3.3x) compared to the XF Basic Materials industry average (1.3x).
How is Carthage Cement forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CC's forecast earnings growth (16.8% per year) is above the savings rate (9.1%).
Earnings vs Market: CC's earnings (16.8% per year) are forecast to grow faster than the TN market (12.7% per year).
High Growth Earnings: CC's earnings are forecast to grow, but not significantly.
Revenue vs Market: CC's revenue (2.8% per year) is forecast to grow slower than the TN market (7.5% per year).
High Growth Revenue: CC's revenue (2.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CC's Return on Equity is forecast to be high in 3 years time (22.2%)
How has Carthage Cement performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CC has high quality earnings.
Growing Profit Margin: CC became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: CC has become profitable over the past 5 years, growing earnings by 28% per year.
Accelerating Growth: CC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: CC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Basic Materials industry (44.8%).
Return on Equity
High ROE: Whilst CC's Return on Equity (25.48%) is high, this metric is skewed due to their high level of debt.
How is Carthage Cement's financial position?
Financial Position Analysis
Short Term Liabilities: CC's short term assets (TND223.5M) do not cover its short term liabilities (TND275.5M).
Long Term Liabilities: CC's short term assets (TND223.5M) do not cover its long term liabilities (TND400.8M).
Debt to Equity History and Analysis
Debt Level: CC's debt to equity ratio (321.8%) is considered high.
Reducing Debt: CC's debt to equity ratio has reduced from 415.3% to 321.8% over the past 5 years.
Debt Coverage: CC's debt is not well covered by operating cash flow (6.9%).
Interest Coverage: CC's interest payments on its debt are not well covered by EBIT (2.7x coverage).
What is Carthage Cement current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if CC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CC's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CC's dividend in 3 years as they are not forecast to pay a notable one for the TN market.
How experienced are the management team and are they aligned to shareholders interests?
Mr. Brahim Sanaa is the Chief Executive Officer of Carthage Cement SA. since July 1, 2014.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Carthage Cement SA's employee growth, exchange listings and data sources
- Name: Carthage Cement SA
- Ticker: CC
- Exchange: BVMT
- Founded: 2008
- Industry: Construction Materials
- Sector: Materials
- Market Cap: د.ت512.001m
- Shares outstanding: 343.62m
- Website: https://www.carthagecement.com.tn
- Carthage Cement SA
- Bloc A de l’immeuble situé en face
- de l’ambassade des Etats Unis d’Amérique
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/22 15:46|
|End of Day Share Price||2021/10/22 00:00|
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.