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City Cement closes at 3-year low
05/10/2023
Argaam Exclusive
AI Summary
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City Cement Co.’s stock declined 0.5% today, Oct. 5, to record the lowest closing price since June 2020, at SAR 17.76.
The stock touched its lowest point today at SAR 17.66.
| Year High (SAR) | Year Low (SAR) |
| 26.15 | 17.66 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 32.30 | 8.76 |
Accordingly, the stock’s losses reached 30% during the last three months and 20% in a year.
Market Data :
| Open | 10.11 |
| Low | 9.99 |
| High | 10.15 |
| Previous Close | 10.05 |
| Change (3M) | (8.18 %) |
| Change (6M) | (18.81 %) |
| Market Value | 1,414.00 |
| Avg. Volume (3M) | 500,728.51 |
| Avg. Turnover (3M) | 5,154,880.54 |
| Avg. Transaction (3M) | 1,320.85 |
| Change(12M) | (35.01 %) |
| YTD | (19.90 %) |
The company amended its capital several times, as shown below:
Adjustments to the capital (M Riyal) :
| Date | Type | Capital (M Riyal) | Change (%) |
| 2025 | Private Offering Cancelled | 2,011.64 | 43.69% |
| 2020 | Bonus Shares | 1,400.00 | (26.00%) |
| 2012 | IPO | 1,892.00 | 100.00% |
In 2005, City Cement was established as a Saudi joint stock company in Riyadh with capital of SAR 550 million.
It started actual production in 2008 with a design production capacity of 1.6 million tons of clinker per year. The company mainly produces and sells ordinary Portland cement and sulfate-resisting Portland cement.
Financial Performance :
Overview :
The company was established in Riyadh in 2005 as a closed joint-stock company with an initial capital of SAR 550 million. Following pilot production via its first line in 2007, commercial operations commenced in early 2008, and the firm converted into a public joint-stock company in 2012.
Activities and Business Segment
The company produces various types of cement, such as ordinary Portland cement, sulfate-resistant cement, and green finishing cement, which was offered in 2022. It operates...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 1,414.00 |
| Shares Outstanding ((M)) | 140.00 |
| Recurring EPS ( Riyal) (TTM) | 0.61 |
| Book Value (BV) ( Riyal) (Latest announcement) | 12.91 |
| Recurring P/E (TTM) | 16.48 |
| Price/book | 0.78 |
| Dividend Yield (%) (Last Year) | 11.39 |
| Return on Average Assets (%) (TTM) | 4.40 |
| Return on Average Equity (%) (TTM) | 4.65 |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 939.46 |
| EV/adj EBITDA | 6.15 |
| EV/ EBITDA | - |
| EV/Revenues | 2.06 |
Calendar :
-
19 February
Ex-dividend Date
- -
04 March
Cash Dividend Distribution
- -
30 June
General Assembly
- -
13 August
Ex-dividend Date
- -
02 September
Cash Dividend Distribution
- -
16 June
General Assembly
-
Analyst Estimates :
23.75
Fair Average Price
2
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Buy | U-Capital | 22.04 | 26.50 | 20.24 % | |
| Neutral | United Securities Company | 22.74 | 21.00 | (7.65 %) |
Call Request
Comments Analysis: