New Risk • Mar 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Turkish stocks, typically moving 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (134% payout ratio). Share price has been volatile over the past 3 months (8.3% average weekly change). Profit margins are more than 30% lower than last year (4.2% net profit margin). Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₺321, the stock trades at a trailing P/E ratio of 64.6x. Average trailing P/E is 25x in the Basic Materials industry in Turkey. Total returns to shareholders of 137% over the past three years. Upcoming Dividend • Mar 10
Upcoming dividend of ₺22.50 per share Eligible shareholders must have bought the stock before 17 March 2026. Payment date: 23 March 2026. The company is paying out more than 100% of its profits and is paying out 83% of its cash flow. Trailing yield: 4.4%. Within top quartile of Turkish dividend payers (3.0%). Higher than average of industry peers (3.4%). Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₺271, the stock trades at a trailing P/E ratio of 35.9x. Average trailing P/E is 35x in the Basic Materials industry in Turkey. Total returns to shareholders of 93% over the past three years. Declared Dividend • Feb 23
Dividend of ₺22.50 announced Shareholders will receive a dividend of ₺22.50. Ex-date: 17th March 2026 Payment date: 23rd March 2026 Dividend yield will be 8.5%, which is higher than the industry average of 1.0%. Sustainability & Growth Dividend is not covered by earnings (134% earnings payout ratio) nor is it covered by cash flows (102% cash payout ratio). The dividend has increased by an average of 33% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 49% to bring the payout ratio under control, which is more than the 17% EPS growth achieved over the last 5 years. Announcement • Feb 21
Nuh Çimento Sanayi A.S. announces Annual dividend, payable on March 23, 2026 Nuh Çimento Sanayi A.S. announced Annual dividend of TRY 22.5000 per share payable on March 23, 2026, ex-date on March 17, 2026 and record date on March 18, 2026. Announcement • Feb 20
Nuh Çimento Sanayi A.S., Annual General Meeting, Mar 14, 2026 Nuh Çimento Sanayi A.S., Annual General Meeting, Mar 14, 2026. Location: nuh cimento fabrikasi sosyal tesisi,hereke, kocaeli Turkey Reported Earnings • Nov 09
Third quarter 2025 earnings released: EPS: ₺2.77 (vs ₺4.70 in 3Q 2024) Third quarter 2025 results: EPS: ₺2.77 (down from ₺4.70 in 3Q 2024). Revenue: ₺4.48b (up 17% from 3Q 2024). Net income: ₺415.5m (down 41% from 3Q 2024). Profit margin: 9.3% (down from 18% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 36% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 10
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₺266, the stock trades at a trailing P/E ratio of 25.9x. Average trailing P/E is 29x in the Basic Materials industry in Turkey. Total returns to shareholders of 287% over the past three years. New Risk • May 23
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 11% Last year net profit margin: 16% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 106% Dividend per share is over 6x cash flows per share. Minor Risk Profit margins are more than 30% lower than last year (11% net profit margin). Upcoming Dividend • Mar 18
Upcoming dividend of ₺10.10 per share Eligible shareholders must have bought the stock before 25 March 2025. Payment date: 27 March 2025. Payout ratio is on the higher end at 80%, however this is supported by cash flows. Trailing yield: 2.9%. Within top quartile of Turkish dividend payers (2.6%). Higher than average of industry peers (2.4%). Reported Earnings • Mar 02
Full year 2024 earnings released Full year 2024 results: Revenue: ₺15.5b (up 16% from FY 2023). Net income: ₺1.83b (down 8.9% from FY 2023). Profit margin: 12% (down from 15% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 83% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 27
Nuh Çimento Sanayi A.S., Annual General Meeting, Mar 22, 2025 Nuh Çimento Sanayi A.S., Annual General Meeting, Mar 22, 2025. Location: nuh cimento fabrikasi sosyal tesisi, hereke, kocaeli Turkey Upcoming Dividend • Dec 30
Upcoming dividend of ₺2.90 per share Eligible shareholders must have bought the stock before 06 January 2025. Payment date: 08 January 2025. Payout ratio is a comfortable 54% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Turkish dividend payers (2.5%). In line with average of industry peers (2.3%). Reported Earnings • Nov 10
Third quarter 2024 earnings released: EPS: ₺4.70 (vs ₺6.10 in 3Q 2023) Third quarter 2024 results: EPS: ₺4.70 (down from ₺6.10 in 3Q 2023). Revenue: ₺3.84b (up 31% from 3Q 2023). Net income: ₺705.6m (down 23% from 3Q 2023). Profit margin: 18% (down from 31% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 93% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Oct 01
Second quarter 2024 earnings released: EPS: ₺0.83 (vs ₺5.54 in 2Q 2023) Second quarter 2024 results: EPS: ₺0.83 (down from ₺5.54 in 2Q 2023). Revenue: ₺3.51b (up 19% from 2Q 2023). Net income: ₺125.3m (down 85% from 2Q 2023). Profit margin: 3.6% (down from 28% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has increased by 96% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Sep 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Turkish stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.8% average weekly change). Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₺305, the stock trades at a trailing P/E ratio of 21.8x. Average trailing P/E is 17x in the Basic Materials industry in Turkey. Total returns to shareholders of 780% over the past three years. Reported Earnings • Jun 16
First quarter 2024 earnings released: EPS: ₺0.72 (vs ₺2.80 in 1Q 2023) First quarter 2024 results: EPS: ₺0.72 (down from ₺2.80 in 1Q 2023). Revenue: ₺3.55b (up 60% from 1Q 2023). Net income: ₺108.1m (down 74% from 1Q 2023). Profit margin: 3.0% (down from 19% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has increased by 81% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Jun 13
Now 20% overvalued Over the last 90 days, the stock has fallen 12% to ₺252. The fair value is estimated to be ₺209, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 68% over the last 3 years. Earnings per share has grown by 62%. Upcoming Dividend • Feb 20
Upcoming dividend of ₺6.00 per share Eligible shareholders must have bought the stock before 27 February 2024. Payment date: 29 February 2024. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Turkish dividend payers (1.7%). Lower than average of industry peers (0.9%). Reported Earnings • Feb 06
Full year 2023 earnings released Full year 2023 results: Revenue: ₺13.4b (up 73% from FY 2022). Net income: ₺2.01b (down 3.5% from FY 2022). Profit margin: 15% (down from 27% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has increased by 83% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 08
Third quarter 2023 earnings released: EPS: ₺6.10 (vs ₺2.95 in 3Q 2022) Third quarter 2023 results: EPS: ₺6.10 (up from ₺2.95 in 3Q 2022). Revenue: ₺2.94b (up 30% from 3Q 2022). Net income: ₺915.6m (up 107% from 3Q 2022). Profit margin: 31% (up from 20% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has increased by 108% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 27
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₺370, the stock trades at a trailing P/E ratio of 20.4x. Average trailing P/E is 17x in the Basic Materials industry in Turkey. Total returns to shareholders of 1,255% over the past three years. New Risk • Oct 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Turkish stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (26% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (10% average weekly change). Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₺373, the stock trades at a trailing P/E ratio of 20.6x. Average trailing P/E is 17x in the Basic Materials industry in Turkey. Total returns to shareholders of 1,871% over the past three years. Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₺244, the stock trades at a trailing P/E ratio of 13.5x. Average trailing P/E is 13x in the Basic Materials industry in Turkey. Total returns to shareholders of 1,325% over the past three years. Reported Earnings • Aug 18
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: ₺2.96b (up 68% from 2Q 2022). Net income: ₺831.9m (up 128% from 2Q 2022). Profit margin: 28% (up from 21% in 2Q 2022). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₺200, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 12x in the Basic Materials industry in Turkey. Total returns to shareholders of 972% over the past three years. Valuation Update With 7 Day Price Move • May 30
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₺134, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 10x in the Basic Materials industry in Turkey. Total returns to shareholders of 1,006% over the past three years. Reported Earnings • May 11
First quarter 2023 earnings released: EPS: ₺2.80 (vs ₺1.68 in 1Q 2022) First quarter 2023 results: EPS: ₺2.80 (up from ₺1.68 in 1Q 2022). Revenue: ₺2.23b (up 71% from 1Q 2022). Net income: ₺420.8m (up 67% from 1Q 2022). Profit margin: 19% (in line with 1Q 2022). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has increased by 122% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Feb 20
Upcoming dividend of ₺4.60 per share at 3.0% yield Eligible shareholders must have bought the stock before 27 February 2023. Payment date: 01 March 2023. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 3.0%. Within top quartile of Turkish dividend payers (2.2%). Higher than average of industry peers (1.7%). Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₺124, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 14x in the Basic Materials industry in Turkey. Total returns to shareholders of 1,178% over the past three years. Reported Earnings • Feb 02
Full year 2022 earnings released: EPS: ₺13.89 (vs ₺4.28 in FY 2021) Full year 2022 results: EPS: ₺13.89 (up from ₺4.28 in FY 2021). Revenue: ₺7.74b (up 210% from FY 2021). Net income: ₺2.09b (up 225% from FY 2021). Profit margin: 27% (up from 26% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has increased by 104% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. 1 highly experienced director. 2 independent directors (9 non-independent directors). Director Sinan Yurtbilir was the last director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 06
Third quarter 2022 earnings released: EPS: ₺2.95 (vs ₺1.68 in 3Q 2021) Third quarter 2022 results: EPS: ₺2.95 (up from ₺1.68 in 3Q 2021). Revenue: ₺2.26b (up 298% from 3Q 2021). Net income: ₺442.7m (up 75% from 3Q 2021). Profit margin: 20% (down from 44% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has increased by 101% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment improved over the past week After last week's 17% share price gain to ₺95.30, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 14x in the Basic Materials industry in Turkey. Total returns to shareholders of 819% over the past three years. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment improved over the past week After last week's 17% share price gain to ₺78.00, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 12x in the Basic Materials industry in Turkey. Total returns to shareholders of 1,001% over the past three years. Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₺67.30, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 13x in the Basic Materials industry in Turkey. Total returns to shareholders of 1,017% over the past three years. Reported Earnings • Aug 21
Second quarter 2022 earnings released: EPS: ₺2.43 (vs ₺0.91 in 2Q 2021) Second quarter 2022 results: EPS: ₺2.43 (up from ₺0.91 in 2Q 2021). Revenue: ₺1.76b (up 173% from 2Q 2021). Net income: ₺365.4m (up 167% from 2Q 2021). Profit margin: 21% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has increased by 139% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment improved over the past week After last week's 16% share price gain to ₺67.50, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 19x in the Basic Materials industry in Turkey. Total returns to shareholders of 1,172% over the past three years. Reported Earnings • May 12
First quarter 2022 earnings released: EPS: ₺1.68 (vs ₺0.55 in 1Q 2021) First quarter 2022 results: EPS: ₺1.68 (up from ₺0.55 in 1Q 2021). Revenue: ₺1.30b (up 203% from 1Q 2021). Net income: ₺252.0m (up 207% from 1Q 2021). Profit margin: 19% (in line with 1Q 2021). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has increased by 94% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. 1 highly experienced director. 2 independent directors (9 non-independent directors). Director Sinan Yurtbilir was the last director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Mar 21
Upcoming dividend of ₺2.15 per share Eligible shareholders must have bought the stock before 28 March 2022. Payment date: 30 March 2022. Payout ratio is a comfortable 50% but the company is not cash flow positive. Trailing yield: 4.4%. Within top quartile of Turkish dividend payers (3.8%). Higher than average of industry peers (3.9%). Reported Earnings • Mar 03
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ₺4.28 (up from ₺3.80 in FY 2020). Revenue: ₺2.49b (up 46% from FY 2020). Net income: ₺642.4m (up 13% from FY 2020). Profit margin: 26% (down from 33% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has increased by 79% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Dec 27
Investor sentiment improved over the past week After last week's 19% share price gain to ₺52.95, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 18x in the Basic Materials industry in Turkey. Total returns to shareholders of 747% over the past three years. Valuation Update With 7 Day Price Move • Dec 03
Investor sentiment improved over the past week After last week's 17% share price gain to ₺48.86, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 19x in the Basic Materials industry in Turkey. Total returns to shareholders of 656% over the past three years. Reported Earnings • Nov 11
Third quarter 2021 earnings released: EPS ₺1.68 (vs ₺0.96 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₺568.8m (up 19% from 3Q 2020). Net income: ₺252.6m (up 76% from 3Q 2020). Profit margin: 44% (up from 30% in 3Q 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has increased by 70% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 21
Second quarter 2021 earnings released: EPS ₺0.91 (vs ₺1.74 in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: ₺645.9m (up 92% from 2Q 2020). Net income: ₺136.8m (down 48% from 2Q 2020). Profit margin: 21% (down from 78% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 12
First quarter 2021 earnings released: EPS ₺0.55 (vs ₺0.46 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₺429.2m (up 9.9% from 1Q 2020). Net income: ₺82.1m (up 18% from 1Q 2020). Profit margin: 19% (up from 18% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has increased by 74% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of ₺1.50 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 01 April 2021. Trailing yield: 1.2%. Lower than top quartile of Turkish dividend payers (2.8%). Lower than average of industry peers (2.9%). Reported Earnings • Mar 04
Full year 2020 earnings released: EPS ₺3.80 (vs ₺1.07 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ₺1.71b (up 35% from FY 2019). Net income: ₺570.2m (up 255% from FY 2019). Profit margin: 33% (up from 13% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 83% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment improved over the past week After last week's 17% share price gain to ₺60.00, the stock is trading at a trailing P/E ratio of 17.3x, up from the previous P/E ratio of 14.8x. This compares to an average P/E of 27x in the Basic Materials industry in Turkey. Total returns to shareholders over the past three years are 647%. Is New 90 Day High Low • Feb 15
New 90-day high: ₺57.80 The company is up 68% from its price of ₺34.40 on 17 November 2020. The Turkish market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 45% over the same period. Is New 90 Day High Low • Jan 21
New 90-day high: ₺53.90 The company is up 66% from its price of ₺32.50 on 23 October 2020. The Turkish market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 39% over the same period. Is New 90 Day High Low • Dec 30
New 90-day high: ₺50.90 The company is up 121% from its price of ₺22.98 on 01 October 2020. The Turkish market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 35% over the same period. Valuation Update With 7 Day Price Move • Dec 07
Market bids up stock over the past week After last week's 19% share price gain to ₺47.68, the stock is trading at a trailing P/E ratio of 13.8x, up from the previous P/E ratio of 11.6x. This compares to an average P/E of 25x in the Basic Materials industry in Turkey. Total returns to shareholders over the past three years are 549%. Valuation Update With 7 Day Price Move • Dec 01
Market bids up stock over the past week After last week's 21% share price gain to ₺44.16, the stock is trading at a trailing P/E ratio of 12.7x, up from the previous P/E ratio of 10.5x. This compares to an average P/E of 25x in the Basic Materials industry in Turkey. Total returns to shareholders over the past three years are 515%. Reported Earnings • Nov 11
Third quarter 2020 earnings released: EPS ₺0.96 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ₺478.3m (up 53% from 3Q 2019). Net income: ₺143.5m (up 295% from 3Q 2019). Profit margin: 30% (up from 12% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Nov 09
New 90-day high: ₺36.90 The company is up 93% from its price of ₺19.12 on 11 August 2020. The Turkish market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 28% over the same period. Valuation Update With 7 Day Price Move • Nov 06
Market bids up stock over the past week After last week's 19% share price gain to ₺35.96, the stock is trading at a trailing P/E ratio of 13.1x, up from the previous P/E ratio of 11x. This compares to an average P/E of 24x in the Basic Materials industry in Turkey. Total returns to shareholders over the past three years are 387%. Valuation Update With 7 Day Price Move • Oct 29
Market pulls back on stock over the past week After last week's 19% share price decline to ₺29.50, the stock is trading at a trailing P/E ratio of 10.7x, down from the previous P/E ratio of 13.2x. This compares to an average P/E of 26x in the Basic Materials industry in Turkey. Total returns to shareholders over the past three years are 294%. Valuation Update With 7 Day Price Move • Oct 19
Market bids up stock over the past week After last week's 23% share price gain to ₺30.14, the stock is trading at a trailing P/E ratio of 10.9x, up from the previous P/E ratio of 8.9x. This compares to an average P/E of 29x in the Basic Materials industry in Turkey. Total returns to shareholders over the past three years are 308%. Is New 90 Day High Low • Oct 16
New 90-day high: ₺27.40 The company is up 63% from its price of ₺16.84 on 17 July 2020. The Turkish market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 19% over the same period. Is New 90 Day High Low • Sep 30
New 90-day high: ₺20.90 The company is up 29% from its price of ₺16.25 on 02 July 2020. The Turkish market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 26% over the same period. Announcement • Sep 26
Nuh Çimento Sanayi A.S. To Be Deleted From Other OTC Nuh Çimento Sanayi A.S. Ordinary Shares (Turkey) will be deleted from Other OTC effective September 25, 2020. The deletion was due to Inactive Security.