Company Valuation: Northern Cement Company

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 158.4 150.7 158.4 141.9 129.2 119.9
Change - -4.86% 5.11% -10.42% -8.91% -7.23%
Enterprise Value (EV) 1 167.4 154.4 189.3 167.2 154.4 141
Change - -7.75% 22.62% -11.71% -7.64% -8.69%
P/E 25.3x 20.3x 25.3x 35.1x 53.4x 50.7x
PBR 2.19x 2.03x 2.17x 1.98x 1.83x 1.7x
PEG - 1.1x -1.6x -1x -1.3x -22.31x
Capitalization / Revenue 4.26x 4.09x 3.44x 2.44x 2.64x 2.3x
EV / Revenue 4.5x 4.19x 4.12x 2.87x 3.16x 2.71x
EV / EBITDA 19.7x 16.8x 25.9x 27.9x 40.3x 35.6x
EV / EBIT 23.5x 19.5x 31.9x 37.2x 66.6x 55x
EV / FCF 13.9x 18.5x -8.54x 25.2x 57.5x 24.7x
FCF Yield 7.21% 5.41% -11.7% 3.96% 1.74% 4.04%
Dividend per Share 2 - 0.1332 0.0995 0.0659 0.0418 -
Rate of return - 4.86% 3.45% 2.55% 1.78% -
EPS 2 0.1137 0.135 0.1138 0.0734 0.044 0.043
Distribution rate - 98.7% 87.4% 89.8% 94.9% -
Net sales 1 37.19 36.82 46 58.21 48.93 52.08
EBITDA 1 8.502 9.214 7.312 5.999 3.829 3.958
EBIT 1 7.121 7.938 5.933 4.493 2.318 2.562
Net income 1 6.254 7.424 6.26 4.038 2.428 2.369
Net Debt 1 8.989 3.711 30.93 25.26 25.13 21.06
Reference price 2 2.880 2.740 2.880 2.580 2.350 2.180
Nbr of stocks (in thousands) 55,000 55,000 55,000 55,000 55,000 55,000
Announcement Date 4/6/21 3/2/22 3/23/23 3/5/24 3/20/25 3/19/26
1JOD in Million2JOD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 136M
19.27x2.64x10.42x2.66% 48.08B
26.89x3.55x12.64x-.--% 16.63B
13.38x0.62x3x4.37% 13.18B
12.64x3.42x6.98x5.89% 13.09B
43.94x3.33x16.13x0.68% 8.6B
8.49x1.22x4.76x1.96% 7.96B
20.6x6.79x12.6x4.67% 7.12B
13.9x1.5x5.62x2.92% 6.55B
33.51x1.39x6.83x2.1% 5.89B
Average 21.40x 2.72x 8.78x 2.81% 12.72B
Weighted average by Cap. 20.43x 2.70x 9.33x 2.74%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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