05/10/2023 Argaam Exclusive
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.
| Highest per Year (Riyal) | Lowest per Year (Riyal) |
| 26.15 | 17.66 |
| Highest since listing (Riyal) | Lowest since listing (Riyal) |
| 32.30 | 8.76 |
Accordingly, the stock’s losses reached 30% during the last three months and 20% in a year.
| Open | 17.60 |
| Low | 17.40 |
| High | 17.60 |
| Previous Close | 17.66 |
| Change (3M) | (9.99 %) |
| Change (6M) | (14.69 %) |
| Market Value | 2,447.20 |
| Avg. Volume (3M) | 225,170.55 |
| Avg. Turnover (3M) | 4,062,995.72 |
| Avg. Transaction (3M) | 747.02 |
| Change(12M) | (3.92 %) |
| YTD | (14.85 %) |
The company amended its capital several times, as shown below:
| Date | Type | Capital (M Riyal) | Change (%) |
| 2022 | Private Offering | - | - |
| 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 Ratio | Current |
| Market Cap (M Riyal) | 2,444.40 |
| Shares Outstanding ((M)) | 140.00 |
| EPS ( ) (TTM) | 0.71 |
| Book Value (BV) ( Riyal) (Latest announcement) | 12.78 |
| Adjusted P/E (Last12) | 24.57 |
| Price/book | 1.37 |
| Dividend Yield (%) (Last Year) | 4.58 |
| Return on Average Assets (%) (TTM) | 5.29 |
| Return on Average Equity (%) (TTM) | 5.54 |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M) | 2,049.68 |
Fair Average Price
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 %) |
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