Reported Earnings • May 14
First quarter 2026 earnings released: EPS: ر.س0.50 (vs ر.س0.63 in 1Q 2025) First quarter 2026 results: EPS: ر.س0.50 (down from ر.س0.63 in 1Q 2025). Revenue: ر.س199.8m (down 11% from 1Q 2025). Net income: ر.س60.2m (down 20% from 1Q 2025). Profit margin: 30% (down from 34% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Basic Materials industry in Saudi Arabia. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • May 05
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.1% to ر.س23.68. The fair value is estimated to be ر.س29.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 6.6% per annum. Earnings are also forecast to grow by 6.6% per annum over the same time period. Price Target Changed • Apr 24
Price target decreased by 14% to ر.س30.20 Down from ر.س35.00, the current price target is an average from 2 analysts. New target price is 30% above last closing price of ر.س23.30. Stock is down 31% over the past year. The company is forecast to post earnings per share of ر.س1.75 for next year compared to ر.س1.73 last year. Buy Or Sell Opportunity • Apr 19
Now 20% overvalued Over the last 90 days, the stock has fallen 2.3% to ر.س23.93. The fair value is estimated to be ر.س19.93, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 11%. Upcoming Dividend • Apr 15
Upcoming dividend of ر.س0.60 per share Eligible shareholders must have bought the stock before 21 April 2026. Payment date: 29 April 2026. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 9.5%. Within top quartile of Saudi dividend payers (5.9%). Higher than average of industry peers (6.2%). Buy Or Sell Opportunity • Nov 06
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 23% to ر.س23.94. The fair value is estimated to be ر.س31.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 23%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 4.5% in the next 2 years. Upcoming Dividend • Sep 02
Upcoming dividend of ر.س1.00 per share Eligible shareholders must have bought the stock before 09 September 2025. Payment date: 18 September 2025. Payout ratio is a comfortable 49% but the company is paying out more than the cash it is generating. Trailing yield: 7.4%. Within top quartile of Saudi dividend payers (5.6%). Higher than average of industry peers (5.9%). Reported Earnings • Aug 07
Second quarter 2025 earnings released: EPS: ر.س0.47 (vs ر.س0.54 in 2Q 2024) Second quarter 2025 results: EPS: ر.س0.47 (down from ر.س0.54 in 2Q 2024). Revenue: ر.س190.9m (up 17% from 2Q 2024). Net income: ر.س57.5m (down 11% from 2Q 2024). Profit margin: 30% (down from 39% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Basic Materials industry in Saudi Arabia. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Price Target Changed • Jul 08
Price target increased by 16% to ر.س38.00 Up from ر.س32.85, the current price target is an average from 2 analysts. New target price is 19% above last closing price of ر.س31.86. Stock is up 26% over the past year. The company is forecast to post earnings per share of ر.س2.56 for next year compared to ر.س2.59 last year. Reported Earnings • May 20
First quarter 2025 earnings: Revenues and EPS in line with analyst expectations First quarter 2025 results: EPS: ر.س0.63 (up from ر.س0.58 in 1Q 2024). Revenue: ر.س225.2m (up 19% from 1Q 2024). Net income: ر.س75.7m (up 8.0% from 1Q 2024). Profit margin: 34% (down from 37% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Basic Materials industry in Saudi Arabia. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 13
Upcoming dividend of ر.س1.25 per share Eligible shareholders must have bought the stock before 20 April 2025. Payment date: 29 April 2025. Payout ratio and cash payout ratio are on the higher end at 87% and 79% respectively. Trailing yield: 6.5%. Within top quartile of Saudi dividend payers (5.3%). Higher than average of industry peers (4.7%). Declared Dividend • Mar 29
Final dividend of ر.س1.25 announced Shareholders will receive a dividend of ر.س1.25. Ex-date: 20th April 2025 Payment date: 29th April 2025 Dividend yield will be 6.1%, which is higher than the industry average of 4.6%. Sustainability & Growth Dividend is covered by both earnings (87% earnings payout ratio) and cash flows (61% cash payout ratio). The dividend has remained flat since 4 years ago. However, payments have been volatile during that time. EPS is expected to grow by 5.9% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Mar 27
Riyadh Cement Company, Annual General Meeting, Apr 17, 2025 Riyadh Cement Company, Annual General Meeting, Apr 17, 2025, at 20:00 Arab Standard Time. Location: riyadh Saudi Arabia Reported Earnings • Mar 23
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: ر.س2.59 (up from ر.س1.57 in FY 2023). Revenue: ر.س789.4m (up 23% from FY 2023). Net income: ر.س310.4m (up 65% from FY 2023). Profit margin: 39% (up from 29% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 4.7%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Basic Materials industry in Saudi Arabia. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Jan 10
Consensus EPS estimates increase by 10% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from ر.س2.25 to ر.س2.48. Revenue forecast unchanged at ر.س714.0m. Net income forecast to shrink 9.3% next year vs 9.3% growth forecast for Basic Materials industry in Saudi Arabia . Consensus price target of ر.س32.85 unchanged from last update. Share price was steady at ر.س30.60 over the past week. New Risk • Nov 14
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 6.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 6.9% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Nov 14
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: ر.س0.79 (up from ر.س0.26 in 3Q 2023). Revenue: ر.س203.0m (up 36% from 3Q 2023). Net income: ر.س94.6m (up 205% from 3Q 2023). Profit margin: 47% (up from 21% in 3Q 2023). The increase in margin was primarily driven by higher revenue. Revenue exceeded analyst estimates by 5.5%. Earnings per share (EPS) also surpassed analyst estimates by 8.2%. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Basic Materials industry in Saudi Arabia. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has remained flat. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ر.س32.80, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Basic Materials industry in Saudi Arabia. Total returns to shareholders of 19% over the past three years. Major Estimate Revision • Oct 08
Consensus EPS estimates increase by 17% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from ر.س1.93 to ر.س2.25. Revenue forecast unchanged at ر.س714.0m. Net income forecast to grow 22% next year vs 18% growth forecast for Basic Materials industry in Saudi Arabia. Consensus price target of ر.س32.85 unchanged from last update. Share price was steady at ر.س26.85 over the past week. Buy Or Sell Opportunity • Sep 04
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.6% to ر.س25.30. The fair value is estimated to be ر.س31.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 4.0%. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 17% in the next 2 years. Buy Or Sell Opportunity • Aug 19
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.5% to ر.س25.60. The fair value is estimated to be ر.س32.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 4.0%. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 17% in the next 2 years. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: ر.س0.54 (vs ر.س0.44 in 2Q 2023) Second quarter 2024 results: EPS: ر.س0.54 (up from ر.س0.44 in 2Q 2023). Revenue: ر.س163.7m (up 5.8% from 2Q 2023). Net income: ر.س64.4m (up 21% from 2Q 2023). Profit margin: 39% (up from 34% in 2Q 2023). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Basic Materials industry in Saudi Arabia. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Aug 12
Upcoming dividend of ر.س1.00 per share Eligible shareholders must have bought the stock before 19 August 2024. Payment date: 28 August 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.1%. Within top quartile of Saudi dividend payers (4.7%). In line with average of industry peers (5.9%). Price Target Changed • Jul 27
Price target decreased by 7.5% to ر.س31.57 Down from ر.س34.13, the current price target is an average from 3 analysts. New target price is 27% above last closing price of ر.س24.80. Stock is down 29% over the past year. The company is forecast to post earnings per share of ر.س1.93 for next year compared to ر.س1.57 last year. Reported Earnings • May 30
First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2024 results: EPS: ر.س0.58 (up from ر.س0.53 in 1Q 2023). Revenue: ر.س188.9m (up 9.6% from 1Q 2023). Net income: ر.س70.1m (up 11% from 1Q 2023). Profit margin: 37% (in line with 1Q 2023). Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) missed analyst estimates by 15%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Basic Materials industry in Saudi Arabia. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 7% per year. Duyuru • Apr 04
Riyadh Cement Company, Annual General Meeting, Apr 23, 2024 Riyadh Cement Company, Annual General Meeting, Apr 23, 2024, at 16:30 Coordinated Universal Time. Agenda: To review and discuss the Board of Directors report for the financial year ending on 2023/31/12; to consider Voting on the auditor's report for the fiscal year ending on 2023/31/12; to View and discuss the financial statements for the fiscal year ending on 2023/31/12; to vote on discharging the members of the Board of Directors from their liabilities for the year ending 2023/31/12; to vote on appointing the company's auditor from among the candidates based on the recommendation of the Audit Committee; and to consider other matters. Buy Or Sell Opportunity • Apr 01
Now 20% overvalued Over the last 90 days, the stock has fallen 16% to ر.س28.65. The fair value is estimated to be ر.س23.86, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 6.1%. Revenue is forecast to grow by 6.8% in 2 years. Earnings are forecast to grow by 44% in the next 2 years. Reported Earnings • Mar 29
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: ر.س1.57 (down from ر.س1.58 in FY 2022). Revenue: ر.س643.4m (up 7.6% from FY 2022). Net income: ر.س188.8m (flat on FY 2022). Profit margin: 29% (down from 32% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 10%. Revenue is forecast to grow 3.2% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Basic Materials industry in Saudi Arabia. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 4% per year. New Risk • Mar 22
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Nov 20
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ر.س33.95, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 19x in the Basic Materials industry in Saudi Arabia. Total returns to shareholders of 42% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ر.س29.24 per share. Price Target Changed • Jun 05
Price target increased by 8.2% to ر.س35.80 Up from ر.س33.10, the current price target is an average from 2 analysts. New target price is 12% above last closing price of ر.س31.85. Stock is down 3.2% over the past year. The company is forecast to post earnings per share of ر.س2.18 for next year compared to ر.س1.58 last year. Duyuru • Dec 20
Riyadh Cement Co. Announces Cash Dividend for Second Half of 2022 Riyadh Cement Company Board of Director's recommended in BOD meeting held on 19 December 2022 that based on their authorities and after review of financial situation of company and expected retained end of year 2022 to distribute cash dividends of SAR 90,000,000 or SAR 0.75 per share to its shareholders for the second half of 2022. Price Target Changed • Nov 16
Price target decreased to ر.س36.00 Down from ر.س39.23, the current price target is an average from 2 analysts. New target price is 21% above last closing price of ر.س29.80. Stock is down 8.0% over the past year. The company is forecast to post earnings per share of ر.س1.36 for next year compared to ر.س1.76 last year. Board Change • Nov 16
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. No independent directors (9 non-independent directors). Vice Chairman Khaled bin Al-Mulhim was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • Sep 11
Upcoming dividend of ر.س0.75 per share Eligible shareholders must have bought the stock before 18 September 2022. Payment date: 28 September 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 4.5%. Within top quartile of Saudi dividend payers (4.5%). In line with average of industry peers (4.7%). Reported Earnings • Sep 09
First half 2022 earnings released: EPS: ر.س0.71 (vs ر.س1.34 in 1H 2021) First half 2022 results: EPS: ر.س0.71 (down from ر.س1.34 in 1H 2021). Revenue: ر.س258.6m (down 36% from 1H 2021). Net income: ر.س85.1m (down 47% from 1H 2021). Profit margin: 33% (down from 40% in 1H 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Basic Materials industry in Saudi Arabia. Duyuru • Sep 05
Riyadh Cement Company Announces the Distribution of Cash Dividend for the First Half of Year 2022, Payable on 28 September 2022 Riyadh Cement Company announced dividend per share of SAR 0.75 for the first half of the year 2022. Distribution Date is 28 September 2022. The eligibility of dividend is for shareholders who own the shares at the market (Trading) close on 19/02/1444 H corresponding September 15, 2022 G (eligibility date) and who are registered in the Company's shareholders register at Securities Depository Center Company (Edaa) at the end of the second trading day following the eligibility date. Duyuru • Aug 31
Riyadh Cement Company Approves Forming the Audit Committee Riyadh Cement Company at its General Assembly Meeting held on 29 August 2022 announced approval of forming the Audit Committee for session that starts on 29 August 2022 and ended by 14 June 2025: Mr. Abdullah Ateeq Alfawwaz, Mr. Mohammad Abdulaziz Alshaee, Dr. Abdullah Sagher Alhusainin. Duyuru • Aug 04
Riyadh Cement Company, Annual General Meeting, Aug 29, 2022 Riyadh Cement Company, Annual General Meeting, Aug 29, 2022, at 16:00 Coordinated Universal Time. Location: Head Office Imamm Soud Bin Abdulaziz Bin Mohammed, AL-Muhammdyah Riyadh Saudi Arabia Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improved over the past week After last week's 16% share price gain to ر.س34.85, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 26x in the Basic Materials industry in Saudi Arabia. Total returns to shareholders of 11% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ر.س49.59 per share. Duyuru • Jun 29
Riyadh Cement Co., Annual General Meeting, Jul 25, 2022 Riyadh Cement Co., Annual General Meeting, Jul 25, 2022, at 16:00 Coordinated Universal Time. Location: Head Office Imamm Soud Bin Abdulaziz Bin Mohammed AL-Muhammdyah - Riyadh Riyadh Saudi Arabia Agenda: To consider and approve the remuneration of mr. abdullah ateeq alfawwaz (membership status: independent); to consider and approve the remuneration of mr. mohammad abdulaziz alshaie (membership status: outside the board); and to consider and approve the remuneration of dr. abdullah saghier alhusaine (membership status: - outside the board). Duyuru • Jun 16
Riyadh Cement Co. Appoints Khaled Abdullah Almulhem as Vice-Chairman The Board of Directors of Riyadh Cement Co. announced the decision of its Board of Directors, on June 15, 2022, appoint Eng. Khaled Abdullah AlMulhem (Non-Executive Member) Vice-Chairman. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Duyuru • Apr 25
Riyadh Cement Co. Proposes to Disburse Dividend for the Second Half of 2021 Riyadh Cement Co. proposed voting on the Board of Directors recommendation to disburse dividends to shareholders for the second half of 2021, in the amount of SAR 0.75 per share, with a total amount of SAR 90 million (equivalent to 7.5% of the par value) in addition to amount disbursed for the first half of the year 2021 with a value of SAR 120 million, at its AGM to be held on May 23, 2022. Accordingly, the total dividends distributed and proposed to be distributed for the year ending on December 31, 2021 shall be SAR 210 million (equivalent to 17.5% of the par value) in the amount of SAR 1.75 per share, -provided that the remuneration eligibility is prioritized for the actual shareholders on the day of the Assembly and who are registered in the company's shareholders register at the Depository Center at the end of the second trading day following the Assembly date" The distribution date will be announced later. Reported Earnings • Apr 03
Full year 2021 earnings: Revenues miss analyst expectations Full year 2021 results: Revenue: ر.س671.1m (up 14% from FY 2020). Net income: ر.س211.6m (down 3.8% from FY 2020). Profit margin: 32% (down from 37% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.4%. Over the next year, revenue is forecast to grow 10%, compared to a 7.2% growth forecast for the industry in Saudi Arabia. Reported Earnings • Sep 15
First half 2021 earnings released: EPS ر.س1.34 (vs ر.س1.01 in 1H 2020) The company reported a solid first half result with improved earnings and revenues, although profit margins were flat. First half 2021 results: Revenue: ر.س401.4m (up 34% from 1H 2020). Net income: ر.س160.4m (up 32% from 1H 2020). Profit margin: 40% (in line with 1H 2020). Upcoming Dividend • Sep 12
Upcoming dividend of ر.س1.00 per share Eligible shareholders must have bought the stock before 19 September 2021. Payment date: 03 October 2021. Trailing yield: 4.6%. Within top quartile of Saudi dividend payers (4.1%). In line with average of industry peers (5.0%). Reported Earnings • Mar 30
Full year 2020 earnings released The company reported a decent full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: ر.س590.3m (flat on FY 2019). Net income: ر.س220.0m (up 16% from FY 2019). Profit margin: 37% (up from 32% in FY 2019). Is New 90 Day High Low • Feb 18
New 90-day high: ر.س34.15 The company is up 23% from its price of ر.س27.80 on 19 November 2020. The Saudi market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ر.س33.62 per share. Is New 90 Day High Low • Jan 15
New 90-day high: ر.س31.80 The company is up 15% from its price of ر.س27.65 on 15 October 2020. The Saudi market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ر.س33.62 per share. Is New 90 Day High Low • Dec 29
New 90-day high: ر.س31.70 The company is up 13% from its price of ر.س28.00 on 30 September 2020. The Saudi market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ر.س40.80 per share. Reported Earnings • Sep 20
First half earnings released Over the last 12 months the company has reported total profits of ر.س239.2m, up 87% from the prior year. Total revenue was ر.س626.0m over the last 12 months, up 27% from the prior year.