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Bamburi Cement

NASE:BAMB
Snowflake Description

Flawless balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BAMB
NASE
KES16B
Market Cap
  1. Home
  2. KE
  3. Materials
Company description

Bamburi Cement Limited, together with its subsidiaries, manufactures and sells cement and cement related products in Kenya and Uganda. The last earnings update was 217 days ago. More info.


Add to Portfolio Compare Print
  • Bamburi Cement has significant price volatility in the past 3 months.
BAMB Share Price and Events
7 Day Returns
-7.6%
NASE:BAMB
-4.3%
Africa Basic Materials
-0.9%
KE Market
1 Year Returns
-65.1%
NASE:BAMB
-29.8%
Africa Basic Materials
-17.6%
KE Market
BAMB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bamburi Cement (BAMB) -7.6% -18.9% -43.3% -65.1% -72.5% -71.4%
Africa Basic Materials -4.3% -25.9% -21.4% -29.8% -38.2% -47.3%
KE Market -0.9% -14.3% -23.6% -17.6% -3.4% -25.9%
1 Year Return vs Industry and Market
  • BAMB underperformed the Basic Materials industry which returned -29.8% over the past year.
  • BAMB underperformed the Market in Kenya which returned -17.6% over the past year.
Price Volatility
BAMB
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Bamburi Cement undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Bamburi Cement to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Bamburi Cement.

NASE:BAMB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 23.2%
Perpetual Growth Rate 10-Year KE Government Bond Rate 12.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NASE:BAMB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year KE Govt Bond Rate 12.4%
Equity Risk Premium S&P Global 12.4%
Basic Materials Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.811 (1 + (1- 30%) (0%))
0.874
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.87
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 12.38% + (0.874 * 12.41%)
23.22%

Discounted Cash Flow Calculation for NASE:BAMB using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Bamburi Cement is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NASE:BAMB DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (KES, Millions) Source Present Value
Discounted (@ 23.22%)
2020 1,680.49 Analyst x1 1,363.78
2021 2,690.69 Analyst x1 1,772.09
2022 7,579.88 Analyst x1 4,051.31
2023 8,775.28 Analyst x1 3,806.31
2024 9,927.78 Est @ 13.13% 3,494.67
2025 11,209.21 Est @ 12.91% 3,202.14
2026 12,638.30 Est @ 12.75% 2,929.98
2027 14,235.58 Est @ 12.64% 2,678.32
2028 16,023.71 Est @ 12.56% 2,446.59
2029 18,027.73 Est @ 12.51% 2,233.83
Present value of next 10 years cash flows KES27,979.00
NASE:BAMB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= KES18,027.73 × (1 + 12.38%) ÷ (23.22% – 12.38%)
KES186,857.51
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= KES186,857.51 ÷ (1 + 23.22%)10
KES23,153.63
NASE:BAMB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= KES27,979.00 + KES23,153.63
KES51,132.63
Equity Value per Share
(KES)
= Total value / Shares Outstanding
= KES51,132.63 / 362.96
KES140.88
NASE:BAMB Discount to Share Price
Calculation Result
Value per share (KES) From above. KES140.88
Current discount Discount to share price of KES45.40
= -1 x (KES45.40 - KES140.88) / KES140.88
67.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Bamburi Cement is available for.
Intrinsic value
>50%
Share price is KES45.4 vs Future cash flow value of KES140.88
Current Discount Checks
For Bamburi Cement to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Bamburi Cement's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Bamburi Cement's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Bamburi Cement's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bamburi Cement's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NASE:BAMB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in KES KES2.53
NASE:BAMB Share Price ** NASE (2020-03-30) in KES KES45.4
Africa Basic Materials Industry PE Ratio Median Figure of 14 Publicly-Listed Basic Materials Companies 13.1x
Kenya Market PE Ratio Median Figure of 39 Publicly-Listed Companies 7.4x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Bamburi Cement.

NASE:BAMB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NASE:BAMB Share Price ÷ EPS (both in KES)

= 45.4 ÷ 2.53

17.94x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bamburi Cement is overvalued based on earnings compared to the Africa Basic Materials industry average.
  • Bamburi Cement is overvalued based on earnings compared to the Kenya market.
Price based on expected Growth
Does Bamburi Cement's expected growth come at a high price?
Raw Data
NASE:BAMB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.94x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
54.5%per year
Africa Basic Materials Industry PEG Ratio Median Figure of 7 Publicly-Listed Basic Materials Companies 0.36x
Kenya Market PEG Ratio Median Figure of 9 Publicly-Listed Companies 0.36x

*Line of best fit is calculated by linear regression .

NASE:BAMB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.94x ÷ 54.5%

0.33x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bamburi Cement is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Bamburi Cement's assets?
Raw Data
NASE:BAMB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in KES KES118.14
NASE:BAMB Share Price * NASE (2020-03-30) in KES KES45.4
Africa Basic Materials Industry PB Ratio Median Figure of 20 Publicly-Listed Basic Materials Companies 0.42x
Kenya Market PB Ratio Median Figure of 49 Publicly-Listed Companies 0.67x
NASE:BAMB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NASE:BAMB Share Price ÷ Book Value per Share (both in KES)

= 45.4 ÷ 118.14

0.38x

* Primary Listing of Bamburi Cement.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bamburi Cement is good value based on assets compared to the Africa Basic Materials industry average.
X
Value checks
We assess Bamburi Cement's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Basic Materials industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Basic Materials industry average (and greater than 0)? (1 check)
  5. Bamburi Cement has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Bamburi Cement expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
54.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bamburi Cement expected to grow at an attractive rate?
  • Bamburi Cement's earnings growth is expected to exceed the low risk savings rate of 12.4%.
Growth vs Market Checks
  • Bamburi Cement's earnings growth is expected to exceed the Kenya market average.
  • Bamburi Cement's revenue growth is positive but not above the Kenya market average.
Annual Growth Rates Comparison
Raw Data
NASE:BAMB Future Growth Rates Data Sources
Data Point Source Value (per year)
NASE:BAMB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 54.5%
NASE:BAMB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 7.6%
Africa Basic Materials Industry Earnings Growth Rate Market Cap Weighted Average 6.8%
Africa Basic Materials Industry Revenue Growth Rate Market Cap Weighted Average 4.7%
Kenya Market Earnings Growth Rate Market Cap Weighted Average 13.5%
Kenya Market Revenue Growth Rate Market Cap Weighted Average 10.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NASE:BAMB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in KES Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NASE:BAMB Future Estimates Data
Date (Data in KES Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 43,889 4,320 3,758 2
2020-12-31 41,486 4,574 2,361 2
2020-03-31
2019-12-31 37,099 3,605 1,361 2
NASE:BAMB Past Financials Data
Date (Data in KES Millions) Revenue Cash Flow Net Income *
2019-06-30 37,369 2,149 884
2019-03-31 37,316 2,486 887
2018-12-31 37,262 2,823 890
2018-09-30 37,656 4,107 540
2018-06-30 35,941 5,391 207
2018-03-31 35,958 5,171 927
2017-12-31 35,974 4,951 1,647
2017-09-30 35,813 3,929 2,924
2017-06-30 36,458 2,906 4,192
2017-03-31 37,246 3,428 4,718
2016-12-31 38,281 3,949 5,243
2016-09-30 38,636 4,172 5,160

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bamburi Cement's earnings are expected to grow significantly at over 20% yearly.
  • Bamburi Cement's revenue is expected to grow by 7.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NASE:BAMB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Bamburi Cement Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NASE:BAMB Future Estimates Data
Date (Data in KES Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 5.90 9.34 2.46 2.00
2020-12-31 5.85 5.85 5.85 1.00
2020-03-31
2019-12-31 3.39 3.39 3.39 1.00
NASE:BAMB Past Financials Data
Date (Data in KES Millions) EPS *
2019-06-30 2.53
2019-03-31 2.49
2018-12-31 2.45
2018-09-30 1.66
2018-06-30 0.72
2018-03-31 2.84
2017-12-31 4.54
2017-09-30 7.96
2017-06-30 11.31
2017-03-31 12.86
2016-12-31 14.44
2016-09-30 14.13

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Bamburi Cement is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Bamburi Cement's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Africa market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Africa market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Bamburi Cement has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Bamburi Cement performed over the past 5 years?

  • Bamburi Cement's last earnings update was 217 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Bamburi Cement's growth in the last year to its industry (Basic Materials).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Bamburi Cement's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Bamburi Cement's 1-year earnings growth exceeds its 5-year average (327.1% vs -25.9%)
  • Bamburi Cement's earnings growth has exceeded the Africa Basic Materials industry average in the past year (327.1% vs 4.9%).
Earnings and Revenue History
Bamburi Cement's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Bamburi Cement Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NASE:BAMB Past Revenue, Cash Flow and Net Income Data
Date (Data in KES Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 37,369.00 884.00 4,096.00
2019-03-31 37,315.50 887.00 4,096.00
2018-12-31 37,262.00 890.00 4,096.00
2018-09-30 37,655.50 539.50 3,757.00
2018-06-30 35,941.00 207.00 3,434.00
2018-03-31 35,957.50 927.00 3,434.00
2017-12-31 35,974.00 1,647.00 3,418.00
2017-09-30 35,812.50 2,924.00 2,931.00
2017-06-30 36,458.00 4,192.00 3,701.00
2017-03-31 37,246.00 4,717.50 3,701.00
2016-12-31 38,281.00 5,243.00 2,444.00
2016-09-30 38,635.50 5,159.50 3,030.00
2016-06-30 38,990.00 5,076.00 3,616.00
2016-03-31 39,095.00 5,168.00 3,616.00
2015-12-31 39,200.00 5,260.00 3,616.00
2015-09-30 38,630.00 5,121.50 2,875.50
2015-06-30 38,060.00 4,983.00 2,135.00
2015-03-31 37,044.50 4,270.50 2,135.00
2014-12-31 36,029.00 3,558.00 2,135.00
2014-09-30 35,703.00 3,189.50 1,906.00
2014-06-30 35,377.00 2,821.00 1,677.00
2014-03-31 34,652.50 3,144.50 1,677.00
2013-12-31 33,928.00 3,468.00 1,677.00
2013-09-30 34,029.50 3,810.50 1,658.50
2013-06-30 34,131.00 4,153.00 1,640.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Bamburi Cement has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bamburi Cement used its assets less efficiently than the Africa Basic Materials industry average last year based on Return on Assets.
  • Bamburi Cement's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Bamburi Cement's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Basic Materials industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Bamburi Cement has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Bamburi Cement's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Bamburi Cement's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Bamburi Cement is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Bamburi Cement's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Bamburi Cement's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Bamburi Cement has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Bamburi Cement Company Filings, last reported 9 months ago.

NASE:BAMB Past Debt and Equity Data
Date (Data in KES Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 30,854.00 0.00 1,289.00
2019-03-31 30,854.00 0.00 1,289.00
2018-12-31 33,463.00 3,413.00 2,366.00
2018-09-30 33,463.00 3,413.00 2,366.00
2018-06-30 32,007.00 2,224.00 3,611.00
2018-03-31 32,007.00 2,224.00 3,611.00
2017-12-31 33,200.00 1,450.00 3,490.00
2017-09-30 33,200.00 1,450.00 3,490.00
2017-06-30 29,823.00 0.00 7,405.00
2017-03-31 29,823.00 0.00 7,405.00
2016-12-31 29,819.00 0.00 6,988.00
2016-09-30 29,819.00 0.00 6,988.00
2016-06-30 29,652.00 0.00 10,456.00
2016-03-31 29,652.00 0.00 10,456.00
2015-12-31 29,706.00 0.00 8,480.00
2015-09-30 29,706.00 0.00 8,480.00
2015-06-30 31,414.00 0.00 11,443.00
2015-03-31 31,414.00 0.00 11,443.00
2014-12-31 29,119.00 0.00 7,675.00
2014-09-30 29,119.00 0.00 7,675.00
2014-06-30 33,206.00 0.00 10,381.00
2014-03-31 33,206.00 0.00 10,381.00
2013-12-31 31,510.00 618.00 8,918.00
2013-09-30 31,510.00 618.00 8,918.00
2013-06-30 30,274.00 0.00 7,522.00
  • Bamburi Cement has no debt.
  • Bamburi Cement currently has no debt however we can't compare to 5 years ago as we have no data for that period.
  • Bamburi Cement has no debt, it does not need to be covered by operating cash flow.
  • Bamburi Cement has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Bamburi Cement's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Bamburi Cement has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Bamburi Cement's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Bamburi Cement dividends. Estimated to be 9.79% next year.
If you bought KES2,000 of Bamburi Cement shares you are expected to receive KES0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Bamburi Cement's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Bamburi Cement's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NASE:BAMB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Africa Basic Materials Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 9.4%
Kenya Market Average Dividend Yield Market Cap Weighted Average of 34 Stocks 6.2%
Kenya Minimum Threshold Dividend Yield 10th Percentile 3%
Kenya Bottom 25% Dividend Yield 25th Percentile 3.7%
Kenya Top 25% Dividend Yield 75th Percentile 8.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NASE:BAMB Future Dividends Estimate Data
Date (Data in KES) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 4.36 2.00
2020-12-31 4.62 1.00
2020-03-31
2019-12-31 2.67 1.00
NASE:BAMB Past Annualized Dividends Data
Date (Data in KES) Dividend per share (annual) Avg. Yield (%)
2019-08-27 0.000 0.000
2019-05-02 5.100 4.490
2019-04-12 5.100 4.181
2018-08-31 2.000 1.439
2018-05-29 3.000 1.678
2018-03-28 3.000 1.710
2017-05-23 12.000 6.675
2017-03-10 12.000 7.576
2016-04-28 14.000 8.701
2016-03-10 14.000 7.424
2015-08-27 12.000 6.981
2015-04-29 12.000 7.926
2015-03-05 12.000 7.656
2014-05-06 11.000 6.900
2014-03-06 11.000 5.610
2013-05-02 10.500 5.004
2013-02-28 10.500 4.990
2012-04-27 10.000 5.762
2012-02-27 10.000 6.624
2011-04-27 8.500 5.448
2011-02-28 8.500 4.779
2010-02-25 7.000 3.550
2010-01-15 7.000 4.312
2009-08-31 4.300 2.721

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Bamburi Cement has not reported any payouts.
  • Unable to verify if Bamburi Cement's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Bamburi Cement's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Bamburi Cement has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1.1x coverage).
X
Income/ dividend checks
We assess Bamburi Cement's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Bamburi Cement afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bamburi Cement has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Bamburi Cement's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Seddiq Hassani
COMPENSATION KES60,448,240
AGE 49
TENURE AS CEO 2 years
CEO Bio

Mr. Seddiq Hassani has been Group Managing Director and Executive Director at Bamburi Cement Ltd since February 9, 2018. He served as Country Strategy and Marketing Director at LafargeHolcim Maroc (formerly known as Lafarge Ciments SA) since June 2012. Mr. Hassani served as Purchase and Logistic Director of LafargeHolcim Maroc (formerly known as Lafarge Ciments SA).

CEO Compensation
  • Insufficient data for Seddiq to compare compensation growth.
  • Seddiq's remuneration is about average for companies of similar size in Kenya.
Management Team Tenure

Average tenure and age of the Bamburi Cement management team in years:

2
Average Tenure
49
Average Age
  • The tenure for the Bamburi Cement management team is about average.
Management Team

Seddiq Hassani

TITLE
Group MD & Executive Director
COMPENSATION
KES60M
AGE
49
TENURE
2 yrs

Grace Oluoch

TITLE
Finance Director & Director
COMPENSATION
KES20M
AGE
49
TENURE
1.4 yrs

Kanyi Gitonga

TITLE
Director of Sales
TENURE
1.8 yrs

Irene Naibo

TITLE
Human Resource & Organization Director
TENURE
6.3 yrs

Betty Kanyagia

TITLE
Company Secretary
AGE
43
TENURE
12.7 yrs
Board of Directors Tenure

Average tenure and age of the Bamburi Cement board of directors in years:

2
Average Tenure
52.5
Average Age
  • The average tenure for the Bamburi Cement board of directors is less than 3 years, this suggests a new board.
Board of Directors

John Peter Simba

TITLE
Independent Non- Executive Chairman
COMPENSATION
KES4M
AGE
74

Seddiq Hassani

TITLE
Group MD & Executive Director
COMPENSATION
KES60M
AGE
49
TENURE
2 yrs

Grace Oluoch

TITLE
Finance Director & Director
COMPENSATION
KES20M
AGE
49
TENURE
1.4 yrs

Alice Owuor

TITLE
Independent Non-Executive Director
COMPENSATION
KES2M
AGE
60
TENURE
3 yrs

Joseph Kimote

TITLE
Non-Executive Director
COMPENSATION
KES2M
AGE
46
TENURE
3.7 yrs

Hellen Gichohi

TITLE
Independent Non-Executive Director
COMPENSATION
KES2M
AGE
60
TENURE
3 yrs

Rita Kavashe

TITLE
Independent Non-Executive Director
COMPENSATION
KES2M
AGE
54
TENURE
3 yrs

Vasileios Karalis

TITLE
Director
AGE
45
TENURE
1 yrs

Mbuvi Ngunze

TITLE
Independent Non-Executive Director
COMPENSATION
KES1M
AGE
51
TENURE
1.6 yrs

Pierre Delaplanque

TITLE
Non-Executive Director
AGE
54
TENURE
1.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (KES) Value (KES)
X
Management checks
We assess Bamburi Cement's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Bamburi Cement has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Bamburi Cement Limited, together with its subsidiaries, manufactures and sells cement and cement related products in Kenya and Uganda. It offers cement products under the Powermax, Powercrete, Nguvu, Tembo, Multipurpose, Powerplus, and Roadcem names; and pre-cast concrete paving blocks under the BamburiBlox brand. The company also provides precast molded products that include drainage products and edge restraints, and fencing and walling products; and ready mix concrete. In addition, it engages in the rehabilitation of quarries; and ownership and maintenance of a nature and environmental park developed from rehabilitated quarries. The company was founded in 1951 and is based in Nairobi, Kenya.

Details
Name: Bamburi Cement Limited
BAMB
Exchange: NASE
Founded: 1951
KES16,478,351,085
362,959,275
Website: http://www.lafarge.co.ke/wps/portal/ke/1_1_1-Bamburi_Cement
Address: Bamburi Cement Limited
Kenya Re Towers,
6th Floor,
Nairobi,
00100,
Kenya
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NASE BAMB Ordinary Shares Nairobi Stock Exchange KE KES 02. Jan 1992
Number of employees
Current staff
Staff numbers
822
Bamburi Cement employees.
Industry
Construction Materials
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 17:38
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/05
Last earnings filing: 2019/08/27
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.