Qassim Cement records lowest price in 4 years

16/07/2024 Argaam Exclusive

Shares of Tadawul-listed Qassim Cement Co. hit today, July 16, the lowest price in four years at SAR 54.80.

The stock is currently down 1%.
Highest per Year (Riyal) Lowest per Year (Riyal)
70.90 54.80
Highest since listing (Riyal) Lowest since listing (Riyal)
215.50 10.20
Chart

Accordingly, the year-to-date (YTD) losses increased to more than 13%.

Market Data :

Open 55.30
Low 54.80
High 55.50
Previous Close 55.20
Change (3M) (6.91 %)
Change (6M) (10.10 %)
Market Value 6,124.97
Avg. Volume (3M) 76,367.05
Avg. Turnover (3M) 4,383,715.67
Avg. Transaction (3M) 797.45
Change(12M) (21.48 %)
YTD (13.34 %)
Overview

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%
Company Action

Financial Performance :

Financial Statements

Overview :

The company was formed in 1976 as a Saudi joint stock company, with a capital of SAR 300 million in Buraydah. the company's sales cover Al Qassim and Surrounding areas Qassim Cement main operation includes the production of Ordinary Portland Cement (OPC), Portland Cement (PC) - European standard, Sulphate Resisting Cement (SRC) and Finishing Cement (Lime Stone Cement – LSC).
Profile


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 6,124.97
Shares Outstanding ((M)) 110.56
EPS ( Riyal) (TTM) 1.53
Book Value (BV) ( Riyal) (Latest announcement) 17.72
Adjusted P/E (Last12) 37.98
Price/book 3.84
Dividend Yield (%) (Last Year) 3.82
Return on Average Assets (%) (TTM) 8.43
Return on Average Equity (%) (TTM) 9.89
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M) 5,595.92
Ratios


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 %)
Estimates

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