Qassim Cement closes at 4-year low

16/07/2024 Argaam Exclusive

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 43.00
Low 42.70
High 43.00
Previous Close 42.72
Change (3M) 2.50 %
Change (6M) (6.32 %)
Market Value 4,720.87
Avg. Volume (3M) 136,368.14
Avg. Turnover (3M) 5,751,239.23
Avg. Transaction (3M) 1,082.47
Change(12M) (20.19 %)
YTD 1.43 %

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...


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 4,720.87
Shares Outstanding ((M)) 110.56
EPS ( Riyal) (TTM) 2.47
Book Value (BV) ( Riyal) (Latest announcement) 24.22
Recurring P/E 21.98
Price/book 1.76
Dividend Yield (%) (Last Year) 6.44
Return on Average Assets (%) (TTM) 8.95
Return on Average Equity (%) (TTM) 10.07
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M Riyal) 4,292.15
EV/adj EBITDA 14.12
EV/Revenues 3.75


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 %)

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