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Saudi Cement

SASE:3030
Snowflake Description

Flawless balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
3030
SASE
SAR8B
Market Cap
  1. Home
  2. SA
  3. Materials
Company description

Saudi Cement Company manufactures and sells cement and related products worldwide. The last earnings update was 35 days ago. More info.


Add to Portfolio Compare Print
  • Saudi Cement has significant price volatility in the past 3 months.
3030 Share Price and Events
7 Day Returns
0.4%
SASE:3030
3.7%
SA Basic Materials
5.1%
SA Market
1 Year Returns
-14.2%
SASE:3030
10.2%
SA Basic Materials
-24.6%
SA Market
3030 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Saudi Cement (3030) 0.4% -3% -23.8% -14.2% 0.5% -44.2%
SA Basic Materials 3.7% 1.8% -24.2% 10.2% -5.1% -50.8%
SA Market 5.1% 12.9% -10.2% -24.6% -3.5% -19%
1 Year Return vs Industry and Market
  • 3030 underperformed the Basic Materials industry which returned 10.2% over the past year.
  • 3030 outperformed the Market in Saudi Arabia which returned -24.6% over the past year.
Price Volatility
3030
Industry
5yr Volatility vs Market

3030 Value

 Is Saudi 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 Saudi 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 Saudi Cement.

SASE:3030 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 14.4%
Perpetual Growth Rate 10-Year SA Government Bond Rate 8.5%

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 SASE:3030
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SA Govt Bond Rate 8.5%
Equity Risk Premium S&P Global 6.3%
Basic Materials Unlevered Beta Simply Wall St/ S&P Global 0.85
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.851 (1 + (1- 20%) (7.97%))
0.936
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.94
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 8.48% + (0.936 * 6.33%)
14.41%

Discounted Cash Flow Calculation for SASE:3030 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Saudi 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.

SASE:3030 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SAR, Millions) Source Present Value
Discounted (@ 14.41%)
2020 603.00 Analyst x1 527.06
2021 607.72 Est @ 0.78% 464.30
2022 626.51 Est @ 3.09% 418.38
2023 656.01 Est @ 4.71% 382.91
2024 694.32 Est @ 5.84% 354.24
2025 740.37 Est @ 6.63% 330.16
2026 793.57 Est @ 7.19% 309.32
2027 853.68 Est @ 7.57% 290.85
2028 920.66 Est @ 7.85% 274.17
2029 994.65 Est @ 8.04% 258.90
Present value of next 10 years cash flows SAR3,610.00
SASE:3030 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SAR994.65 × (1 + 8.48%) ÷ (14.41% – 8.48%)
SAR18,203.87
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SAR18,203.87 ÷ (1 + 14.41%)10
SAR4,738.34
SASE:3030 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SAR3,610.00 + SAR4,738.34
SAR8,348.34
Equity Value per Share
(SAR)
= Total value / Shares Outstanding
= SAR8,348.34 / 153.00
SAR54.56
SASE:3030 Discount to Share Price
Calculation Result
Value per share (SAR) From above. SAR54.56
Current discount Discount to share price of SAR51.50
= -1 x (SAR51.50 - SAR54.56) / SAR54.56
5.6%

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

Current Discount
Amount off the current price Saudi Cement is available for.
Intrinsic value
6%
Share price is SAR51.5 vs Future cash flow value of SAR54.56
Current Discount Checks
For Saudi Cement to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Saudi Cement's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Saudi Cement's share price is below the future cash flow value, but not 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 Saudi Cement's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Saudi Cement's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SASE:3030 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in SAR SAR2.95
SASE:3030 Share Price ** SASE (2020-04-08) in SAR SAR51.5
Saudi Arabia Basic Materials Industry PE Ratio Median Figure of 17 Publicly-Listed Basic Materials Companies 17.66x
Saudi Arabia Market PE Ratio Median Figure of 123 Publicly-Listed Companies 19.91x

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

** Primary Listing of Saudi Cement.

SASE:3030 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SASE:3030 Share Price ÷ EPS (both in SAR)

= 51.5 ÷ 2.95

17.46x

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

  • Saudi Cement is good value based on earnings compared to the SA Basic Materials industry average.
  • Saudi Cement is good value based on earnings compared to the Saudi Arabia market.
Price based on expected Growth
Does Saudi Cement's expected growth come at a high price?
Raw Data
SASE:3030 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.46x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
12.6%per year
Asia Basic Materials Industry PEG Ratio Median Figure of 73 Publicly-Listed Basic Materials Companies 0.93x
Saudi Arabia Market PEG Ratio Median Figure of 59 Publicly-Listed Companies 1.69x

*Line of best fit is calculated by linear regression .

SASE:3030 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.46x ÷ 12.6%

1.38x

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

  • Saudi Cement is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Saudi Cement's assets?
Raw Data
SASE:3030 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in SAR SAR17.84
SASE:3030 Share Price * SASE (2020-04-08) in SAR SAR51.5
Saudi Arabia Basic Materials Industry PB Ratio Median Figure of 17 Publicly-Listed Basic Materials Companies 1.1x
Saudi Arabia Market PB Ratio Median Figure of 185 Publicly-Listed Companies 1.33x
SASE:3030 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SASE:3030 Share Price ÷ Book Value per Share (both in SAR)

= 51.5 ÷ 17.84

2.89x

* Primary Listing of Saudi Cement.

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

  • Saudi Cement is overvalued based on assets compared to the SA Basic Materials industry average.
X
Value checks
We assess Saudi 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. Saudi Cement has a total score of 2/6, 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.

3030 Future Performance

 How is Saudi Cement expected to perform in the next 1 to 3 years based on estimates from 3 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
12.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Saudi Cement expected to grow at an attractive rate?
  • Saudi Cement's earnings growth is expected to exceed the low risk savings rate of 8.5%.
Growth vs Market Checks
  • Saudi Cement's earnings growth is expected to exceed the Saudi Arabia market average.
  • Saudi Cement's revenue growth is positive but not above the Saudi Arabia market average.
Annual Growth Rates Comparison
Raw Data
SASE:3030 Future Growth Rates Data Sources
Data Point Source Value (per year)
SASE:3030 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 12.6%
SASE:3030 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 6.2%
Asia Basic Materials Industry Earnings Growth Rate Market Cap Weighted Average 7.8%
Asia Basic Materials Industry Revenue Growth Rate Market Cap Weighted Average 4.8%
Saudi Arabia Market Earnings Growth Rate Market Cap Weighted Average 8.2%
Saudi Arabia Market Revenue Growth Rate Market Cap Weighted Average 7%

*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
SASE:3030 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in SAR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SASE:3030 Future Estimates Data
Date (Data in SAR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,631 759 583 2
2020-12-31 1,539 717 508 3
2020-04-09
SASE:3030 Past Financials Data
Date (Data in SAR Millions) Revenue Cash Flow Net Income *
2019-12-31 1,442 721 451
2019-09-30 1,343 652 433
2019-06-30 1,272 579 425
2019-03-31 1,179 514 391
2018-12-31 1,120 448 401
2018-09-30 1,134 498 383
2018-06-30 1,145 471 395
2018-03-31 1,169 463 431
2017-12-31 1,185 603 453
2017-09-30 1,263 681 533
2017-06-30 1,388 783 648
2017-03-31 1,618 1,044 803

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Saudi Cement's earnings are expected to grow by 12.6% yearly, however this is not considered high growth (20% yearly).
  • Saudi Cement's revenue is expected to grow by 6.2% 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
SASE:3030 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Saudi Cement Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SASE:3030 Future Estimates Data
Date (Data in SAR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 4.22 4.22 4.22 1.00
2020-12-31 3.15 3.15 3.15 1.00
2020-04-09
SASE:3030 Past Financials Data
Date (Data in SAR Millions) EPS *
2019-12-31 2.95
2019-09-30 2.83
2019-06-30 2.78
2019-03-31 2.56
2018-12-31 2.62
2018-09-30 2.50
2018-06-30 2.58
2018-03-31 2.81
2017-12-31 2.96
2017-09-30 3.48
2017-06-30 4.23
2017-03-31 5.25

*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.
  • Saudi Cement is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Saudi 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 Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia 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.
Saudi 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.

3030 Past Performance

  How has Saudi Cement performed over the past 5 years?

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 Saudi 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.
  • Saudi Cement's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Saudi Cement's 1-year earnings growth exceeds its 5-year average (12.7% vs -24.1%)
  • Saudi Cement's earnings growth has not exceeded the SA Basic Materials industry average in the past year (12.7% vs 126.5%).
Earnings and Revenue History
Saudi 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 Saudi Cement Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SASE:3030 Past Revenue, Cash Flow and Net Income Data
Date (Data in SAR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 1,441.63 451.40 158.81
2019-09-30 1,342.89 432.63 155.45
2019-06-30 1,272.32 425.02 148.97
2019-03-31 1,179.47 390.72 140.38
2018-12-31 1,119.56 400.51 121.19
2018-09-30 1,134.30 383.13 113.79
2018-06-30 1,144.94 395.08 103.15
2018-03-31 1,168.64 430.98 93.21
2017-12-31 1,184.53 453.45 95.28
2017-09-30 1,263.38 532.66 92.81
2017-06-30 1,388.24 647.59 94.53
2017-03-31 1,617.57 803.11 97.51
2016-12-31 1,778.14 900.97 98.47
2016-09-30 1,864.34 890.02 101.42
2016-06-30 1,887.59 895.30 100.65
2016-03-31 1,888.44 899.66 101.09
2015-12-31 1,932.39 940.19 106.26
2015-09-30 1,974.52 1,032.51 106.23
2015-06-30 2,001.95 1,056.66 110.61
2015-03-31 2,040.71 1,091.14 112.17
2014-12-31 2,024.59 1,074.08 105.61
2014-09-30 1,991.83 1,053.36 104.84
2014-06-30 2,021.23 1,050.70 100.21
2014-03-31 2,109.27 1,069.54 96.85
2013-12-31 2,187.26 1,123.79 97.89
2013-09-30 2,234.29 1,153.03 91.68
2013-06-30 2,212.30 1,133.43 88.97

*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.
  • Saudi Cement has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Saudi Cement used its assets more efficiently than the SA Basic Materials industry average last year based on Return on Assets.
  • Saudi Cement's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Saudi 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.
Saudi 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.

3030 Health

 How is Saudi 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 Saudi Cement's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Saudi Cement is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Saudi Cement's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Saudi 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.
  • Debt is covered by short term assets, assets are 2.2x debt.
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 Saudi Cement Company Filings, last reported 3 months ago.

SASE:3030 Past Debt and Equity Data
Date (Data in SAR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 2,729.65 595.00 127.19
2019-09-30 2,596.60 750.00 107.01
2019-06-30 2,513.69 875.00 337.24
2019-03-31 2,918.60 720.00 307.53
2018-12-31 2,787.14 620.00 69.56
2018-09-30 2,656.30 750.00 82.40
2018-06-30 2,580.89 600.00 64.51
2018-03-31 3,020.10 600.00 255.96
2017-12-31 2,877.87 550.00 119.88
2017-09-30 2,770.58 630.00 43.50
2017-06-30 2,683.22 750.00 69.08
2017-03-31 3,354.28 350.00 354.55
2016-12-31 3,189.58 400.00 183.82
2016-09-30 3,088.75 535.00 82.31
2016-06-30 2,888.32 710.00 77.27
2016-03-31 3,059.98 650.00 83.94
2015-12-31 3,255.82 720.00 383.00
2015-09-30 3,080.12 750.00 157.55
2015-06-30 2,872.55 780.00 408.21
2015-03-31 3,127.73 745.00 73.68
2014-12-31 3,159.33 835.00 298.35
2014-09-30 2,941.31 940.00 71.70
2014-06-30 2,709.59 990.00 376.50
2014-03-31 2,956.79 985.00 73.08
2013-12-31 3,208.45 760.00 113.37
2013-09-30 2,961.15 900.00 107.34
2013-06-30 2,732.09 780.00 374.26
  • Saudi Cement's level of debt (21.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (26.4% vs 21.8% today).
  • Debt is well covered by operating cash flow (121.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 19.2x coverage).
X
Financial health checks
We assess Saudi 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. Saudi 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.

3030 Dividends

 What is Saudi 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
6.8%
Current annual income from Saudi Cement dividends. Estimated to be 6.63% next year.
If you bought SAR2,000 of Saudi Cement shares you are expected to receive SAR136 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?
  • Saudi Cement's pays a higher dividend yield than the bottom 25% of dividend payers in Saudi Arabia (2.79%).
  • Saudi Cement's dividend is above the markets top 25% of dividend payers in Saudi Arabia (6.53%).
Upcoming dividend payment

Purchase Saudi Cement before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
SASE:3030 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 3 Analyst Estimates (S&P Global) See Below
Saudi Arabia Basic Materials Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 5.1%
Saudi Arabia Market Average Dividend Yield Market Cap Weighted Average of 82 Stocks 1.1%
Saudi Arabia Minimum Threshold Dividend Yield 10th Percentile 1.9%
Saudi Arabia Bottom 25% Dividend Yield 25th Percentile 2.8%
Saudi Arabia Top 25% Dividend Yield 75th Percentile 6.5%

Industry and Market average data is calculated daily.

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

SASE:3030 Future Dividends Estimate Data
Date (Data in SAR) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 3.25 1.00
2020-12-31 3.50 2.00
2020-04-09
SASE:3030 Past Annualized Dividends Data
Date (Data in SAR) Dividend per share (annual) Avg. Yield (%)
2020-02-06 3.500 6.562
2019-05-29 3.250 4.753
2019-02-27 3.250 5.278
2019-02-26 3.250 5.717
2018-11-01 3.000 5.994
2018-10-31 3.000 7.085
2018-05-28 3.000 6.784
2018-03-05 3.500 6.727
2018-03-04 3.500 7.102
2017-10-25 4.500 10.106
2017-10-23 4.500 11.747
2017-05-24 4.500 9.587
2017-03-27 5.500 10.388
2016-02-23 6.000 9.840
2015-03-18 5.000 6.672
2014-10-26 7.000 6.983
2014-10-22 7.000 6.136
2014-06-01 7.000 6.098
2014-02-19 7.000 6.372
2013-10-23 7.000 6.556
2013-10-22 7.000 6.557
2013-07-16 7.000 6.630
2013-07-15 7.000 6.948
2013-03-16 7.000 7.171
2012-02-14 9.000 9.891
2012-02-12 9.000 10.876
2011-10-16 4.000 5.839
2011-10-15 4.000 6.362
2011-07-18 4.000 6.568
2011-07-17 4.000 6.639
2011-04-17 4.000 6.601
2011-03-01 4.000 7.595

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

  • Saudi Cement has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Saudi Cement has only been paying a dividend for 9 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Saudi Cement's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess Saudi Cement's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.9%) - 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 Saudi Cement afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Saudi Cement has a total score of 3/6, see the detailed checks below.


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

3030 Management

 What is the CEO of Saudi 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
Mohammed Al-Garni
COMPENSATION SAR510,000
CEO Bio

Mr. Mohammed Ali Al-Garni serves as the Chief Executive Officer and has been Executive Director of Saudi Cement Company since 2016. Mr. Al-Garni serves as a Director of United Cement Company (Bahraini Closed Joint Stock Company).

CEO Compensation
  • Mohammed's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Insufficient data for Mohammed to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team

Mohammed Al-Garni

TITLE
CEO & Executive Director
COMPENSATION
SAR510K

Hussain Bin Mansi Naser Abu Taki

TITLE
Sales Manager

Walid Bin Al Juffali

TITLE
Managing Director
COMPENSATION
SAR420K
Board of Directors Tenure

Average tenure of the Saudi Cement board of directors in years:

4.3
Average Tenure
  • The tenure for the Saudi Cement board of directors is about average.
Board of Directors

Khalid bin Al-Rajhi

TITLE
Chairman of the Board
COMPENSATION
SAR680K

Mohammed Al-Garni

TITLE
CEO & Executive Director
COMPENSATION
SAR510K
TENURE
4.3 yrs

Mohammed Bin Abdulkarim Bin Abdul Al-Khereiji

TITLE
Independent Vice Chairman of the Board

Mohammad Bin Sulaiman Balghonaim

TITLE
Independent Director
COMPENSATION
SAR373K

Hamad Bin Al-Olayan

TITLE
Non Executive Director
COMPENSATION
SAR560K
TENURE
4.3 yrs

Khaled Bin Al-Abdulkarim

TITLE
Independent Director
COMPENSATION
SAR500K

Ahmed Bin Al-Omran

TITLE
Non-Executive Director
COMPENSATION
SAR471K
TENURE
6.5 yrs

Abdulrahman Bin Al-Rajhi

TITLE
Independent Director
COMPENSATION
SAR217K
TENURE
4.3 yrs

Halla Al-Juffali

TITLE
Independent Director
COMPENSATION
SAR360K
TENURE
4.2 yrs

Amin Al-Afifi

TITLE
Non-Executive Director
COMPENSATION
SAR370K
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 (SAR) Value (SAR)
X
Management checks
We assess Saudi 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. Saudi 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.

3030 News

Simply Wall St News

3030 Company Info

Description

Saudi Cement Company manufactures and sells cement and related products worldwide. It offers ordinary Portland and sulfate resistant cement products. The company supplies its products to construction projects; and for concrete foundations of structures. Saudi Cement Company was founded in 1955 and is headquartered in Dammam, the Kingdom of Saudi Arabia.

Details
Name: Saudi Cement Company
3030
Exchange: SASE
Founded: 1955
SAR7,879,500,000
153,000,000
Website: http://www.saudicement.com.sa
Address: Saudi Cement Company
3964 - King Saud,
Al-Amamrah Area – Unit 1,
Dammam,
32415,
Saudi Arabia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SASE 3030 Common Stock Saudi Arabian Stock Exchange SA SAR 03. Jun 2002
Number of employees
Current staff
Staff numbers
0
Saudi Cement employees.
Industry
Construction Materials
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 16:36
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/04/06
Last earnings filing: 2020/03/05
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.