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CC

Carthage CementBVMT:CC Stock Report

Market Cap

د.ت512.0m

7D

-5.8%

1Y

-3.9%

Updated

22 Oct, 2021

Data

Company Financials +
CC fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance3/6
Financial Health1/6
Dividends0/6

CC Overview

Carthage Cement SA manufactures and markets hydraulic binders in Tunisia.

Price History & Performance

Summary of all time highs, changes and price drops for Carthage Cement
Historical stock prices
Current Share Priceد.ت1.46
52 Week Highد.ت1.35
52 Week Lowد.ت2.29
Beta0.42
1 Month Change2.82%
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

Shareholder Returns

CCTN Basic MaterialsTN Market
7D-5.8%1.5%-0.9%
1Y-3.9%67.6%-0.4%

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.

Price Volatility

Is CC's price volatile compared to industry and market?
CC volatility
CC Beta0.42
Industry Beta0.51
Market Beta1

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

FoundedEmployeesCEOWebsite
2008n/aBrahim Sanaahttps://www.carthagecement.com.tn

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

How do Carthage Cement's earnings and revenue compare to its market cap?
CC fundamental statistics
Market Capد.ت512.00m
Earnings (TTM)د.ت38.76m
Revenue (TTM)د.ت332.50m

12.9x

P/E Ratio

1.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CC income statement (TTM)
Revenueد.ت332.50m
Cost of Revenueد.ت149.21m
Gross Profitد.ت183.29m
Expensesد.ت144.53m
Earningsد.ت38.76m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.11
Gross Margin55.12%
Net Profit Margin11.66%
Debt/Equity Ratio321.8%

How did CC perform over the long term?

See historical performance and comparison

Valuation

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

4.3%

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).


Future Growth

How is Carthage Cement forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

16.8%

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%)


Past Performance

How has Carthage Cement performed over the past 5 years?

28.0%

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.


Financial Health

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).


Balance Sheet


Dividend

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.


Next Steps

Management

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


CEO

Brahim Sanaa

7.25yrs

Tenure

Mr. Brahim Sanaa is the Chief Executive Officer of Carthage Cement SA. since July 1, 2014.


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

Carthage Cement SA's employee growth, exchange listings and data sources


Key Information

  • 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

Location

  • Carthage Cement SA
  • Bloc A de l’immeuble situé en face
  • de l’ambassade des Etats Unis d’Amérique
  • Tunis
  • 1053
  • Tunisia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/22 15:46
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
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.