EASTERN PROVINCE CEMENT COMPANY |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 33.4 SAR | -1.76% |
|
-5.38% | -12.34% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,096 | 3,539 | 3,780 | 3,462 | 3,277 | 2,872 | - | - |
| Enterprise Value (EV) 1 | 3,096 | 3,011 | 3,383 | 3,378 | 3,277 | 2,872 | 2,872 | 2,872 |
| P/E ratio | 17.1 x | 16.3 x | 18.8 x | 24.1 x | 82.8 x | 14.9 x | 14.7 x | 13.8 x |
| Yield | - | 6.08% | 5.69% | 4.97% | 4.2% | 3.49% | 3.79% | 3.89% |
| Capitalization / Revenue | 4.25 x | 4.77 x | 4.99 x | 4.42 x | 16.6 x | 2.99 x | 2.88 x | 2.75 x |
| EV / Revenue | 4.25 x | 4.77 x | 4.99 x | 4.42 x | 16.6 x | 2.99 x | 2.88 x | 2.75 x |
| EV / EBITDA | - | 11.8 x | 11.9 x | 12.1 x | - | 8.3 x | 8.18 x | 7.96 x |
| EV / FCF | - | 11,643,951 x | 14,461,771 x | 20,929,571 x | - | - | - | - |
| FCF Yield | - | 0% | 0% | 0% | - | - | - | - |
| Price to Book | - | 1.4 x | 1.57 x | - | - | 1.17 x | 1.13 x | 1.09 x |
| Nbr of stocks (in thousands) | 86,000 | 86,000 | 86,000 | 86,000 | 86,000 | 86,000 | - | - |
| Reference price 2 | 36.00 | 41.15 | 43.95 | 40.25 | 38.10 | 33.40 | 33.40 | 33.40 |
| Announcement Date | 3/18/20 | 3/8/21 | 3/13/22 | 3/19/23 | 3/10/24 | - | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 728.8 | 742.4 | 758 | 784 | 197.1 | 962 | 996.9 | 1,045 |
| EBITDA 1 | - | 300.8 | 316.5 | 285.1 | - | 346 | 351 | 361 |
| EBIT 1 | - | 207.3 | 214 | 181 | - | 211 | 226 | 240 |
| Operating Margin | - | 27.92% | 28.23% | 23.09% | - | 21.93% | 22.67% | 22.97% |
| Earnings before Tax (EBT) | - | 246.2 | 235.1 | - | - | - | - | - |
| Net income 1 | 180.7 | 217.2 | 201 | 143 | 39.63 | 183.5 | 203.8 | 209 |
| Net margin | 24.79% | 29.26% | 26.52% | 18.24% | 20.1% | 19.07% | 20.45% | 20% |
| EPS 2 | 2.100 | 2.530 | 2.340 | 1.670 | 0.4603 | 2.240 | 2.270 | 2.425 |
| Free Cash Flow | - | 303.9 | 261.4 | 165.4 | - | - | - | - |
| FCF margin | - | 40.94% | 34.48% | 21.1% | - | - | - | - |
| FCF Conversion (EBITDA) | - | 101.05% | 82.57% | 58.02% | - | - | - | - |
| FCF Conversion (Net income) | - | 139.92% | 130.03% | 115.66% | - | - | - | - |
| Dividend per Share 2 | - | 2.500 | 2.500 | 2.000 | 1.600 | 1.167 | 1.267 | 1.300 |
| Announcement Date | 3/18/20 | 3/8/21 | 3/13/22 | 3/19/23 | 3/10/24 | - | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 169.4 | 159.5 | 160.7 | 195.8 | 174 | 253.5 | 236.6 | 216.1 | 242.9 | 57.92 | 273.7 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 44.74 | 46.57 | 31.56 | 43.63 | 33.24 | 72.58 | 63.13 | - | 44.25 | 13.91 | 71.5 |
| Operating Margin | 26.41% | 29.19% | 19.64% | 22.28% | 19.1% | 28.63% | 26.68% | - | 18.22% | 24.02% | 26.13% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | 37.72 | 41.54 | 28.99 | 42.99 | 18.55 | 52.48 | 55.57 | 51.33 | 40.88 | 10.05 | 51.67 |
| Net margin | 22.27% | 26.04% | 18.03% | 21.96% | 10.66% | 20.7% | 23.48% | 23.76% | 16.83% | 17.35% | 18.88% |
| EPS 2 | 0.4300 | 0.4900 | - | - | 0.2200 | 0.6200 | 0.6500 | 0.6000 | 0.4800 | 0.1161 | 0.7200 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 10/28/21 | 3/13/22 | 5/11/22 | 8/10/22 | 10/24/22 | 3/19/23 | 5/10/23 | 8/8/23 | 11/12/23 | 3/10/24 | - |
1SAR in Million2SAR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - | - |
| Net Cash position | - | 528 | 397 | 83.6 | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | 304 | 261 | 165 | - | - | - | - |
| ROE (net income / shareholders' equity) | - | 8.78% | 8.13% | 6.01% | 8.32% | 7.73% | 7.87% | 7.95% |
| ROA (Net income/ Total Assets) | - | - | - | - | 6.94% | 4.9% | 5.95% | 4.8% |
| Assets 1 | - | - | - | - | 571.3 | 3,745 | 3,426 | 4,354 |
| Book Value Per Share 2 | - | 29.50 | 28.00 | - | - | 28.60 | 29.60 | 30.60 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | - | 45.6 | 41.8 | 82.6 | - | 46 | 46 | 46 |
| Capex / Sales | - | 6.15% | 5.52% | 10.54% | - | 4.78% | 4.61% | 4.4% |
| Announcement Date | 3/18/20 | 3/8/21 | 3/13/22 | 3/19/23 | 3/10/24 | - | - | - |
1SAR in Million2SAR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
33.4
SAR
Average target price
43.84
SAR
Spread / Average Target
+31.26%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -12.34% | 766M | |
| +19.81% | 48.58B | |
| -2.89% | 15.52B | |
| -15.75% | 10.44B | |
| +26.55% | 8.84B | |
| +105.28% | 8.27B | |
| -0.30% | 7.96B | |
| -8.75% | 7.34B | |
| +23.60% | 6.73B | |
| +14.55% | 5.7B |
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- Financials Eastern Province Cement Company
