Company Valuation: Riyadh Cement Company

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,960 3,816 4,104 3,870 2,842 2,729 - -
Change - -3.64% 7.55% -5.7% -26.57% -3.97% - -
Enterprise Value (EV) 3,960 3,816 4,104 3,870 2,842 2,729 2,729 2,729
Change - -3.64% 7.55% -5.7% -26.57% -3.97% 0% 0%
P/E 18.8x 20.1x 21.8x 12.5x 13.8x 11.9x 11.6x 11.1x
PBR - - - 2.17x - 1.56x 1.51x 1.52x
PEG - -2x -34.44x 0.2x -0.4x 1.1x 4.43x 2.72x
Capitalization / Revenue 5.9x 6.38x 6.38x 4.9x - 3.45x 3.19x 3.06x
EV / Revenue 0x 0x 0x 0x - 3.45x 3.19x 3.06x
EV / EBITDA 0x 0x 0x 0x - 8.27x 7.77x 7.32x
EV / EBIT - 0x - 0x - 11.4x 11.3x 8.83x
EV / FCF - 0x - 0x - 14.5x 14.2x 11.6x
FCF Yield - 6.54% - 8.85% - 6.89% 7.04% 8.65%
Dividend per Share 2 1.75 1.5 1.55 2.25 2.25 1.6 1.625 1.625
Rate of return 5.3% 4.72% 4.53% 6.98% 9.5% 7.04% 7.15% 7.15%
EPS 2 1.76 1.58 1.57 2.59 1.72 1.91 1.96 2.04
Distribution rate 99.4% 94.9% 98.7% 86.9% 131% 83.8% 82.9% 79.7%
Net sales 1 671.1 598 643.4 789.4 - 792 856 891.5
EBITDA 1 318.8 298.3 307.7 403.4 - 330 351 373
EBIT 1 - 201.9 - 296.8 - 239 241.5 309
Net income 1 211.6 189.8 188.8 310.4 208 229 233 245
Net Debt - - - - - - - -
Reference price 2 33.00 31.80 34.20 32.25 23.68 22.74 22.74 22.74
Nbr of stocks (in thousands) 120,000 120,000 120,000 120,000 120,000 120,000 - -
Announcement Date 3/31/22 A 3/23/23 A 3/18/24 A 3/19/25 A 3/9/26 A - - -
1SAR in Million2SAR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.91x - - 7.04% 727M
19.19x2.61x10.31x2.69% 48.25B
28.54x3.74x13.28x-.--% 17.69B
11.09x0.4x1.79x4.63% 13.23B
12.35x3.36x6.87x6.03% 12.85B
46.57x3.58x17.27x0.64% 9.16B
8.6x1.25x4.85x1.92% 8.15B
23.41x7.68x14.26x4.11% 7.94B
15.98x3.36x10.79x0.49% 6.22B
13.59x1.3x4.9x2.85% 5.89B
Average 19.12x 3.03x 9.37x 3.04% 13.01B
Weighted average by Cap. 20.03x 2.88x 9.67x 2.67%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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