Duyuru • Mar 02
Arabian Cement Company S.A.E., Annual General Meeting, Mar 25, 2026 Arabian Cement Company S.A.E., Annual General Meeting, Mar 25, 2026, at 15:00 Egypt Standard Time. Location: suez Egypt Duyuru • Dec 09
Arabian Cement Company S.A.E. announces Annual dividend, payable on December 24, 2025 Arabian Cement Company S.A.E. announced Annual dividend of EGP 2.9400 per share payable on December 24, 2025, ex-date on December 22, 2025 and record date on December 23, 2025. Board Change • May 14
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Member Pakinam Kafafi was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Mar 28
Arabian Cement Company S.A.E., Annual General Meeting, Apr 29, 2025 Arabian Cement Company S.A.E., Annual General Meeting, Apr 29, 2025, at 15:00 Egypt Standard Time. Location: cairo Egypt Buy Or Sell Opportunity • Oct 23
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 48% to ج.م15.39. The fair value is estimated to be ج.م12.73, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 7.1% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ج.م13.63, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Basic Materials industry in Africa. Total returns to shareholders of 348% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ج.م12.68 per share. Buy Or Sell Opportunity • Aug 27
Now 21% undervalued Over the last 90 days, the stock has risen 7.6% to ج.م11.31. The fair value is estimated to be ج.م14.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 7.7% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ج.م11.30, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 13x in the Basic Materials industry in Africa. Total returns to shareholders of 143% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ج.م14.39 per share. Reported Earnings • Aug 14
Second quarter 2024 earnings released: EPS: ج.م0.50 (vs ج.م0.24 in 2Q 2023) Second quarter 2024 results: EPS: ج.م0.50 (up from ج.م0.24 in 2Q 2023). Revenue: ج.م2.01b (up 36% from 2Q 2023). Net income: ج.م193.9m (up 109% from 2Q 2023). Profit margin: 9.7% (up from 6.3% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Basic Materials industry in Africa. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Jul 28
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to ج.م10.21. The fair value is estimated to be ج.م12.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 8.4% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Price Target Changed • Jun 01
Price target increased by 13% to ج.م13.35 Up from ج.م11.77, the current price target is an average from 4 analysts. New target price is 34% above last closing price of ج.م9.96. Stock is up 25% over the past year. The company is forecast to post earnings per share of ج.م1.50 for next year compared to ج.م1.81 last year. Reported Earnings • May 30
First quarter 2024 earnings released: EPS: ج.م0.39 (vs ج.م0.63 in 1Q 2023) First quarter 2024 results: EPS: ج.م0.39 (down from ج.م0.63 in 1Q 2023). Revenue: ج.م1.94b (up 13% from 1Q 2023). Net income: ج.م152.6m (down 36% from 1Q 2023). Profit margin: 7.9% (down from 14% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Basic Materials industry in Africa. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • May 21
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 4.7% to ج.م10.70. The fair value is estimated to be ج.م8.87, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 4.4% per annum over the same time period. Valuation Update With 7 Day Price Move • May 01
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ج.م11.12, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 11x in the Basic Materials industry in Africa. Total returns to shareholders of 269% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ج.م9.00 per share. New Risk • Apr 28
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Egyptian stocks, typically moving 13% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risk Market cap is less than US$100m (ج.م4.49b market cap, or US$93.7m). New Risk • Mar 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ج.م4.91b (US$99.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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 (10% average weekly change). Market cap is less than US$100m (ج.م4.91b market cap, or US$99.5m). New Risk • Mar 07
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 Egyptian 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: 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). Reported Earnings • Mar 04
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: ج.م1.81 (up from ج.م0.93 in FY 2022). Revenue: ج.م6.04b (up 29% from FY 2022). Net income: ج.م697.5m (up 98% from FY 2022). Profit margin: 12% (up from 7.5% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) also missed analyst estimates by 5.9%. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Basic Materials industry in Africa. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 71% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ج.م12.71, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Basic Materials industry in Africa. Total returns to shareholders of 353% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ج.م6.12 per share. Price Target Changed • Feb 12
Price target increased by 9.6% to ج.م12.90 Up from ج.م11.77, the current price target is an average from 4 analysts. New target price is 25% above last closing price of ج.م10.29. Stock is up 54% over the past year. The company is forecast to post earnings per share of ج.م1.94 for next year compared to ج.م0.93 last year. Upcoming Dividend • Jan 02
Upcoming dividend of ج.م0.26 per share at 12% yield Eligible shareholders must have bought the stock before 09 January 2024. Payment date: 11 January 2024. Payout ratio is on the higher end at 80%, however this is supported by cash flows. Trailing yield: 12%. Within top quartile of Egyptian dividend payers (7.6%). Higher than average of industry peers (4.6%). Major Estimate Revision • Dec 07
Consensus EPS estimates increase by 12% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from ج.م1.74 to ج.م1.94. Revenue forecast steady at ج.م6.40b. Net income forecast to grow 8.4% next year vs 22% growth forecast for Basic Materials industry in Egypt. Consensus price target up from ج.م11.77 to ج.م12.38. Share price was steady at ج.م9.58 over the past week. Reported Earnings • Nov 18
Third quarter 2023 earnings released: EPS: ج.م0.42 (vs ج.م0.37 in 3Q 2022) Third quarter 2023 results: EPS: ج.م0.42 (up from ج.م0.37 in 3Q 2022). Revenue: ج.م1.42b (up 8.8% from 3Q 2022). Net income: ج.م163.2m (up 16% from 3Q 2022). Profit margin: 12% (in line with 3Q 2022). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Basic Materials industry in Africa. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. New Risk • Oct 25
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 Egyptian stocks, typically moving 7.6% 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 cash flows (90% cash payout ratio). Share price has been volatile over the past 3 months (7.6% average weekly change). Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ج.م9.36, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 14x in the Basic Materials industry in Africa. Total returns to shareholders of 237% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ج.م10.72 per share. Major Estimate Revision • Sep 02
Consensus EPS estimates fall by 10%, revenue upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from ج.م6.37b to ج.م6.54b. EPS estimate fell from ج.م1.87 to ج.م1.67 per share. Net income forecast to grow 21% next year vs 21% growth forecast for Basic Materials industry in Egypt. Consensus price target of ج.م11.45 unchanged from last update. Share price was steady at ج.م7.32 over the past week. Reported Earnings • Aug 16
Second quarter 2023 earnings released: EPS: ج.م0.24 (vs ج.م0.16 in 2Q 2022) Second quarter 2023 results: EPS: ج.م0.24 (up from ج.م0.16 in 2Q 2022). Revenue: ج.م1.47b (up 38% from 2Q 2022). Net income: ج.م95.3m (up 62% from 2Q 2022). Profit margin: 6.5% (up from 5.5% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Basic Materials industry in Africa. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jul 12
Price target increased by 8.3% to ج.م10.48 Up from ج.م9.68, the current price target is an average from 3 analysts. New target price is 33% above last closing price of ج.م7.88. Stock is up 140% over the past year. The company is forecast to post earnings per share of ج.م1.74 for next year compared to ج.م0.93 last year. Reported Earnings • Jun 03
First quarter 2023 earnings released: EPS: ج.م0.63 (vs ج.م0.15 in 1Q 2022) First quarter 2023 results: EPS: ج.م0.63 (up from ج.م0.15 in 1Q 2022). Revenue: ج.م1.71b (up 61% from 1Q 2022). Net income: ج.م241.8m (up 323% from 1Q 2022). Profit margin: 14% (up from 5.4% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Basic Materials industry in Africa. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ج.م7.61, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 12x in the Basic Materials industry in Africa. Total returns to shareholders of 160% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ج.م11.90 per share. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ج.م8.07, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 13x in the Basic Materials industry in Africa. Total returns to shareholders of 172% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ج.م11.81 per share. Reported Earnings • Feb 26
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: ج.م0.93 (up from ج.م0.072 in FY 2021). Revenue: ج.م4.68b (up 91% from FY 2021). Net income: ج.م359.0m (up ج.م331.7m from FY 2021). Profit margin: 7.7% (up from 1.1% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Basic Materials industry in Africa. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ج.م6.44, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 14x in the Basic Materials industry in Africa. Total returns to shareholders of 100% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ج.م10.11 per share. Upcoming Dividend • Jan 03
Upcoming dividend of ج.م0.66 per share Eligible shareholders must have bought the stock before 10 January 2023. Payment date: 12 January 2023. The company last paid an ordinary dividend in June 2014. The average dividend yield among industry peers is 5.7%. Reported Earnings • Nov 27
Third quarter 2022 earnings released: EPS: ج.م0.37 (vs ج.م0.004 loss in 3Q 2021) Third quarter 2022 results: EPS: ج.م0.37 (up from ج.م0.004 loss in 3Q 2021). Revenue: ج.م1.30b (up 92% from 3Q 2021). Net income: ج.م142.8m (up ج.م144.4m from 3Q 2021). Profit margin: 11% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Basic Materials industry in Africa. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Price Target Changed • Nov 16
Price target decreased to ج.م7.90 Down from ج.م11.20, the current price target is provided by 1 analyst. New target price is 47% above last closing price of ج.م5.39. Stock is up 38% over the past year. The company is forecast to post earnings per share of ج.م1.01 for next year compared to ج.م0.072 last year. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Vice Chairman of the Board Elena Bertolin was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Aug 28
Investor sentiment improved over the past week After last week's 16% share price gain to ج.م5.00, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 15x in the Basic Materials industry in Africa. Total returns to shareholders of 72% over the past three years. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment improved over the past week After last week's 16% share price gain to ج.م3.80, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 14x in the Basic Materials industry in Africa. Total returns to shareholders of 41% over the past three years. Price Target Changed • Jul 12
Price target increased to ج.م11.20 Up from ج.م10.23, the current price target is an average from 2 analysts. New target price is 240% above last closing price of ج.م3.29. Stock is down 34% over the past year. The company is forecast to post earnings per share of ج.م0.65 for next year compared to ج.م0.072 last year. Reported Earnings • May 26
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: ج.م0.15 (up from ج.م0.021 loss in 1Q 2021). Revenue: ج.م1.06b (up 145% from 1Q 2021). Net income: ج.م57.2m (up ج.م65.3m from 1Q 2021). Profit margin: 5.4% (up from net loss in 1Q 2021). Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 75%. Over the next year, revenue is forecast to grow 9.4%, compared to a 5.3% growth forecast for the industry in Egypt. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • May 25
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ج.م3.30, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 12x in the Basic Materials industry in Africa. Total loss to shareholders of 6.3% over the past three years. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Elena Bertolin was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 02
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: ج.م0.07 (up from ج.م0.34 loss in FY 2020). Revenue: ج.م2.45b (down 1.3% from FY 2020). Net income: ج.م34.2m (up ج.م164.1m from FY 2020). Profit margin: 1.4% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) missed analyst estimates by 30%. Over the next year, revenue is forecast to grow 35%, compared to a 9.6% growth forecast for the industry in Egypt. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Price Target Changed • Jul 08
Price target increased to ج.م7.25 Up from ج.م4.75, the current price target is an average from 3 analysts. New target price is 43% above last closing price of ج.م5.06. Stock is up 53% over the past year. Reported Earnings • May 16
First quarter 2021 earnings released: ج.م0.02 loss per share (vs ج.م0.037 profit in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: ج.م432.4m (down 39% from 1Q 2020). Net loss: ج.م6.33m (down 145% from profit in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 04
Full year 2020 earnings released: ج.م0.34 loss per share (vs ج.م0.058 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: ج.م2.48b (down 20% from FY 2019). Net loss: ج.م122.8m (down ج.م144.6m from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Analyst Estimate Surprise Post Earnings • Mar 04
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 48%. Over the next year, revenue is forecast to grow 8.6% compared to a 1.9% decline forecast for the Basic Materials industry in Egypt. Is New 90 Day High Low • Mar 03
New 90-day low: ج.م3.05 The company is down 11% from its price of ج.م3.42 on 03 December 2020. The Egyptian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ج.م5.96 per share. Price Target Changed • Feb 10
Price target raised to ج.م5.41 Up from ج.م4.75, the current price target is an average from 4 analysts. The new target price is 57% above the current share price of ج.م3.45. As of last close, the stock is down 6.0% over the past year. Is New 90 Day High Low • Jan 12
New 90-day high: ج.م3.54 The company is up 3.0% from its price of ج.م3.45 on 14 October 2020. The Egyptian market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ج.م6.19 per share. Price Target Changed • Nov 04
Price target lowered to ج.م5.00 Down from ج.م5.45, the current price target is an average from 5 analysts. The new target price is 70% above the current share price of ج.م2.94. As of last close, the stock is down 26% over the past year. Is New 90 Day High Low • Oct 22
New 90-day low: ج.م2.97 The company is down 5.0% from its price of ج.م3.13 on 22 July 2020. The Egyptian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ج.م4.81 per share.