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 2,696 - -
Change - -3.64% 7.55% -5.7% -26.57% -5.11% - -
Enterprise Value (EV) 3,960 3,816 4,104 3,870 2,842 2,696 2,696 2,696
Change - -3.64% 7.55% -5.7% -26.57% -5.11% 0% 0%
P/E 18.8x 20.1x 21.8x 12.5x 13.8x 11.8x 11.5x 11x
PBR - - - 2.17x - 1.54x 1.49x 1.5x
PEG - -2x -34.44x 0.2x -0.4x 1.1x 4.39x 2.7x
Capitalization / Revenue 5.9x 6.38x 6.38x 4.9x - 3.4x 3.15x 3.02x
EV / Revenue 0x 0x 0x 0x - 3.4x 3.15x 3.02x
EV / EBITDA 0x 0x 0x 0x - 8.17x 7.68x 7.23x
EV / EBIT - 0x - 0x - 11.3x 11.2x 8.73x
EV / FCF - 0x - 0x - 14.3x 14x 11.4x
FCF Yield - 6.54% - 8.85% - 6.97% 7.12% 8.75%
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% 7.12% 7.23% 7.23%
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 22.47 22.47 22.47
Nbr of stocks (in thousands) 120,000 120,000 120,000 120,000 120,000 120,000 - -
Announcement Date 3/31/22 3/23/23 3/18/24 3/19/25 3/9/26 - - -
1SAR in Million2SAR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
11.59x - - 7.23% 708M
19.73x2.67x10.57x2.61% 48.82B
29.1x3.8x13.5x-.--% 18.04B
10.93x0.38x1.74x4.7% 13.06B
12.35x3.36x6.87x6.03% 12.74B
47.52x3.67x17.67x0.63% 9.36B
8.95x1.31x5.08x1.84% 8.42B
23.41x7.68x14.26x4.11% 7.87B
16.42x3.43x11.03x0.48% 6.4B
13.65x1.3x4.88x2.84% 5.84B
Average 19.37x 3.07x 9.51x 3.05% 13.13B
Weighted average by Cap. 20.46x 2.93x 9.87x 2.62%

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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