City Cement closes at 3-year low
City Cement Co.’s stock declined 0.5% today, Oct. 5, to record the lowest closing price since June 2020, at SAR 17.76.
The stock touched its lowest point today at SAR 17.66.
Year High (SAR) | Year Low (SAR) |
26.15 | 17.66 |
Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
32.30 | 8.76 |
Accordingly, the stock’s losses reached 30% during the last three months and 20% in a year.
Market Data :
Open | 17.40 |
Low | 17.32 |
High | 17.50 |
Previous Close | 17.58 |
Change (3M) | (3.97 %) |
Change (6M) | (13.00 %) |
Market Value | 2,436.00 |
Avg. Volume (3M) | 269,352.31 |
Avg. Turnover (3M) | 4,736,595.09 |
Avg. Transaction (3M) | 861.86 |
Change(12M) | (0.57 %) |
YTD | (16.10 %) |
The company amended its capital several times, as shown below:
Adjustments to the capital (M Riyal) :
Date | Type | Capital (M Riyal) | Change (%) |
2022 | Private Offering | 2,011.64 | 43.69% |
2020 | Reduction | 1,400.00 | (26.00%) |
2012 | IPO | 1,892.00 | 100.00% |
In 2005, City Cement was established as a Saudi joint stock company in Riyadh with capital of SAR 550 million.
It started actual production in 2008 with a design production capacity of 1.6 million tons of clinker per year. The company mainly produces and sells ordinary Portland cement and sulfate-resisting Portland cement.
Financial Performance :
Overview :
The company was formed as a Saudi joint stock company in 2005, with a capital of SAR 550 million in Riyadh. The company started commercial operations in 2008 with a design capacity of 1.6 million tons of clinker per annum. Its principal activities include the production and sale of Ordinary Portland Cement (OPC) and Sulphate Resistant Cement (SRC).
Financial Ratios :
Financial Ratio | Current |
Market Cap (M Riyal) | 2,436.00 |
Shares Outstanding ((M)) | 140.00 |
EPS ( | ) (TTM)0.71 |
Book Value (BV) ( Riyal) (Latest announcement) | 12.78 |
Adjusted P/E (Last12) | 24.48 |
Price/book | 1.36 |
Dividend Yield (%) (Last Year) | 4.60 |
Return on Average Assets (%) (TTM) | 5.29 |
Return on Average Equity (%) (TTM) | 5.54 |
Par Value ( Riyal) | 10.00 |
Enterprise Value (EV) (M) | 2,041.28 |
Calendar :
-
19 February
Ex-dividend Date
- -
04 March
Cash Dividend Distribution
- -
30 June
General Assembly
- -
13 August
Ex-dividend Date
- -
02 September
Cash Dividend Distribution
-
Analyst Estimates :
23.75
Fair Average Price
2
Number of Recommendations
Rating | Research firm | Current Price | Target Price | Change | |
Buy | U-Capital | 22.04 | 26.50 | 20.24 % | |
Neutral | United Securities Company | 22.74 | 21.00 | (7.65 %) |
Call Request
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