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 | 24.70 |
| Low | 24.40 |
| High | 24.74 |
| Previous Close | 24.65 |
| Change (3M) | 1.94 % |
| Change (6M) | (1.64 %) |
| Market Value | 2,119.90 |
| Avg. Volume (3M) | 135,659.82 |
| Avg. Turnover (3M) | 3,204,271.09 |
| Avg. Transaction (3M) | 685.60 |
| Change(12M) | (25.42 %) |
| YTD | 5.30 % |
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 | Split | 860.00 | 33.33% |
Financial Performance :
Overview :
The company was established in 1983 as a Saudi joint-stock company with the objective of manufacturing cement and clinker of various types to meet the needs of the local and Gulf markets. Two years after its establishment, the company commenced commercial production.
The company’s core activities include the manufacture, production, and trade of cement and its derivatives, as well as the establishment of plants related to industries that branch from or complement the cement industry, su...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 2,119.90 |
| Shares Outstanding ((M)) | 86.00 |
| EPS ( ) (TTM) | 2.47 |
| Book Value (BV) ( Riyal) (Latest announcement) | 27.56 |
| Recurring P/E | 9.09 |
| Price/book | 0.89 |
| Dividend Yield (%) (Last Year) | 4.87 |
| Return on Average Assets (%) (TTM) | 6.97 |
| Return on Average Equity (%) (TTM) | 9.14 |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 2,149.46 |
| EV/adj EBITDA | - |
| EV/Revenues | 1.63 |
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: