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Qassim Cement closes at 4-year low
16/07/2024
Argaam Exclusive
AI Summary
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Shares of Tadawul-listed Qassim Cement Co. hit their lowest price in 4 years at SAR 54.80, today, July 16.
The stock closed at SAR 55.40 (+0.4%) with about 400,000 shares traded.
| Year High (SAR) | Year Low (SAR) |
| 70.90 | 54.80 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 215.50 | 10.20 |
Accordingly, the year-to-date (YTD) losses increased to more than 13%.
Market Data :
| Open | 43.50 |
| Low | 43.20 |
| High | 43.52 |
| Previous Close | 43.54 |
| Change (3M) | 2.36 % |
| Change (6M) | 4.22 % |
| Market Value | 4,800.47 |
| Avg. Volume (3M) | 181,958.05 |
| Avg. Turnover (3M) | 7,802,120.32 |
| Avg. Transaction (3M) | 1,038.46 |
| Change(12M) | (16.34 %) |
| YTD | 3.14 % |
The cement producer made several changes to its capital to acquire Hail Cement Co., as shown below:
Adjustments to the capital (M Riyal) :
| Date | Type | Capital (M Riyal) | Change (%) |
| 2024 | Private Offering | 1,105.59 | 22.84% |
| 2009 | Split | 900.00 | 100.00% |
Financial Performance :
Overview :
Established in 1976 as a Saudi joint stock company in Buraidah with capital of SAR 300 million, the company commenced commercial production in 1981. Subsequently, it merged with Hail Cement Company HCC) in mid-2024.
The company's core operations include the manufacturing, production, and trading of cement and related derivatives and products. Its production processes primarily utilize locally available natural materials and mineral resources. The company also manages all activities direct...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 4,800.48 |
| Shares Outstanding ((M)) | 110.56 |
| EPS ( ) (TTM) | 2.35 |
| Book Value (BV) ( Riyal) (Latest announcement) | 24.04 |
| Recurring P/E | 25.33 |
| Price/book | 1.81 |
| Dividend Yield (%) (Last Year) | 7.37 |
| Return on Average Assets (%) (TTM) | 8.34 |
| Return on Average Equity (%) (TTM) | 9.61 |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 4,713.69 |
| EV/adj EBITDA | 14.53 |
| EV/Revenues | 4.16 |
Calendar :
-
01 September
Ex-dividend Date
- -
15 September
Cash Dividend Distribution
- -
28 November
Ex-dividend Date
- -
15 December
Cash Dividend Distribution
- -
25 December
General Assembly
- -
20 March
Ex-dividend Date
-
Analyst Estimates :
51
Fair Average Price
2
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Neutral | Riyad Capital | 60.00 | 56.00 | (6.67 %) | |
| Sell | Sico | 58.30 | 46.00 | (21.10 %) |
Call Request
Comments Analysis: