Eastern Cement closes at lowest level since 2020
Shares of Eastern Province Cement Co. declined 1% to SAR 26.7, marking its lowest closing level since 2020, today, Aug. 18.
The stock hit an intraday low of SAR 26.66.
| Year High (SAR) | Year Low (SAR) |
| 37.40 | 26.66 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 179.70 | 16.70 |
With today’s decline, the stock’s losses have exceeded 20% year-to-date (YTD).
Market Data :
| Open | 23.08 |
| Low | 22.79 |
| High | 23.08 |
| Previous Close | 23.09 |
| Change (3M) | (12.41 %) |
| Change (6M) | (1.89 %) |
| Market Value | 1,965.96 |
| Avg. Volume (3M) | 75,492.95 |
| Avg. Turnover (3M) | 1,885,181.46 |
| Avg. Transaction (3M) | 584.63 |
| Change(12M) | (15.52 %) |
| YTD | (2.35 %) |
The company has adjusted its capital several times since its listing on Tadawul.
Adjustments to the capital (M Riyal) :
| Date | Type | Capital (M Riyal) | Change (%) |
| 2006 | Bonus Shares | 860.00 | 33.33% |
Financial Performance :
Overview :
The company was established in 1982 as a Saudi joint-stock company and commenced commercial operations two years later.
Activities and Business Segment
The company offers its products through three key business segments: construction support services, ready-mix concrete, and the cement segment, which is the largest contributor to revenue. The activities of the cement segment include the production of ordinary Portland cement, sulfate-resistant cement, and finishing cement.
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 1,965.96 |
| Shares Outstanding ((M)) | 86.00 |
| Recurring EPS ( Riyal) (TTM) | 2.84 |
| Book Value (BV) ( Riyal) (Latest announcement) | 28.60 |
| Recurring P/E (TTM) | 8.04 |
| Price/book | 0.80 |
| Dividend Yield (%) (Last Year) | 5.25 |
| Return on Average Assets (%) (TTM) | 6.99 |
| Return on Average Equity (%) (TTM) | 9.16 |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 2,063.84 |
| EV/adj EBITDA | 5.80 |
| EV/ EBITDA | - |
| EV/Revenues | 1.53 |
Calendar :
-
24 August
Ex-dividend Date
- -
11 September
Cash Dividend Distribution
- -
25 September
General Assembly
- -
05 April
Ex-dividend Date
- -
23 April
Cash Dividend Distribution
- -
07 May
General Assembly
-
Analyst Estimates :
40
Fair Average Price
1
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Buy | United Securities Company | 30.30 | 40.00 | 32.01 % |
Call Request
Comments Analysis: