Saudi Cement H1 2023 profit jumps 28% to SAR 209 mln; Q2 at SAR 85.2 mln

07/08/2023 Argaam Exclusive

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Saudi Cement Co. reported a net profit of SAR 209 million in H1 2023, a rise of 28% from SAR 163.7 million a year earlier, backed by better sales revenue and volume despite a decline in local sales.

Financials (M)

Item	6m 2022	6m 2023	Change‬
Revenues	664.03	765.89	15.3 %
Gross Income	246.71	320.85	30.1 %
Operating Income	163.02	217.49	33.4 %
Net Income	163.66	208.98	27.7 %
Average Shares	153.00	153.00	-
EPS (Riyals)	1.07	1.37	27.7 %

Further, the company reported higher gains from the sale of an investment of a subsidiary and lower Zakat expenses despite increased general and administrative expenses (G&A), selling and distribution expenses, and finance charges.

Saudi Cement’s profit share from an associate and other revenues declined.

The cement producer reported a 17% drop in Q2 2023 net profit to SAR 85.2 million, compared to SAR 102.54 million in Q2 2022, due to a decline in local sales value and volumes.

G&A, selling and distribution expenses, and finance charges all increased during the three-month period. In addition, the company’s profit share from an associate and other revenues declined.

The net profit also fell by 31.2% from SAR 123.79 million in Q1 2023 on lower revenue, higher finance charges, and lower gains from the sale of an investment.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2022	Q2 2023	Change‬
Revenues	348.97	356.26	2.1 %
Gross Income	145.97	145.08	(0.6 %)
Operating Income	102.95	93.75	(8.9 %)
Net Income	102.54	85.19	(16.9 %)
Average Shares	153.00	153.00	-
EPS (Riyals)	0.67	0.56	(16.9 %)

Item	Q1 2023	Q2 2023	Change‬
Revenues	409.63	356.26	(13.0 %)
Gross Income	175.78	145.08	(17.5 %)
Operating Income	123.74	93.75	(24.2 %)
Net Income	123.79	85.19	(31.2 %)
Average Shares	153.00	153.00	-
EPS (Riyals)	0.81	0.56	(31.2 %)

Shareholders’ equity, with no minority interest, decreased to SAR 2 billion as of June 30, 2023, from SAR 2.06 billion a year earlier.

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Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2014	534.76	(12.7 %)	326.08	(12.8 %)	303.59	(13.4 %)
Q2 2014	538.38	(14.1 %)	322.82	(5.0 %)	295.78	(6.5 %)
Q3 2014	425.74	(6.5 %)	264.43	1.5 %	237.23	(0.3 %)
Q4 2014	525.71	6.6 %	315.73	1.9 %	286.84	1.8 %
2014	2,024.59	(7.4 %)	1,229.06	(4.3 %)	1,123.44	(5.3 %)
Q1 2015	550.88	3.0 %	339.26	4.0 %	310.22	2.2 %
Q2 2015	499.63	(7.2 %)	283.93	(12.0 %)	258.44	(12.6 %)
Q3 2015	398.31	(6.4 %)	232.75	(12.0 %)	209.94	(11.5 %)
Q4 2015	483.58	(8.0 %)	280.09	(11.3 %)	251.17	(12.4 %)
2015	1,932.39	(4.6 %)	1,136.02	(7.6 %)	1,029.77	(8.3 %)
Q1 2016	506.93	(8.0 %)	295.22	(13.0 %)	271.34	(12.5 %)
Q2 2016	498.78	(0.2 %)	282.36	(0.6 %)	257.31	(0.4 %)
Q3 2016	375.05	(5.8 %)	232.19	(0.2 %)	208.61	(0.6 %)
Q4 2016	397.38	(17.8 %)	220.82	(21.2 %)	194.85	(22.4 %)
2016	1,778.14	(8.0 %)	1,030.58	(9.3 %)	932.12	(9.5 %)
Q1 2017	346.35	(31.7 %)	191.19	(35.2 %)	168.27	(38.0 %)
Q2 2017	269.45	(46.0 %)	121.16	(57.1 %)	99.09	(61.5 %)
Q3 2017	250.19	(33.3 %)	115.58	(50.2 %)	93.71	(55.1 %)
Q4 2017	318.54	(19.8 %)	140.88	(36.2 %)	112.45	(42.3 %)
2017	1,184.53	(33.4 %)	568.80	(44.8 %)	473.52	(49.2 %)
Q1 2018	330.46	(4.6 %)	169.32	(11.4 %)	148.47	(11.8 %)
Q2 2018	245.75	(8.8 %)	96.13	(20.7 %)	64.13	(35.3 %)
Q3 2018	239.55	(4.3 %)	113.12	(2.1 %)	80.61	(14.0 %)
Q4 2018	303.80	(4.6 %)	159.42	13.2 %	123.59	9.9 %
2018	1,119.56	(5.5 %)	537.99	(5.4 %)	416.80	(12.0 %)
Q1 2019	390.36	18.1 %	181.04	6.9 %	141.00	(5.0 %)
Q2 2019	338.61	37.8 %	140.28	45.9 %	99.70	55.5 %
Q3 2019	310.12	29.5 %	131.84	16.5 %	92.84	15.2 %
Q4 2019	402.54	32.5 %	196.64	23.3 %	157.45	27.4 %
2019	1,441.63	28.8 %	649.79	20.8 %	490.99	17.8 %
Q1 2020	450.36	15.4 %	202.77	12.0 %	157.77	11.9 %
Q2 2020	297.45	(12.2 %)	123.67	(11.8 %)	82.92	(16.8 %)
Q3 2020	386.81	24.7 %	163.18	23.8 %	113.99	22.8 %
Q4 2020	435.01	8.1 %	176.75	(10.1 %)	124.38	(21.0 %)
2020	1,569.63	8.9 %	666.38	2.6 %	479.07	(2.4 %)
Q1 2021	429.07	(4.7 %)	173.63	(14.4 %)	124.68	(21.0 %)
Q2 2021	348.12	17.0 %	138.70	12.2 %	91.96	10.9 %
Q3 2021	304.93	(21.2 %)	109.05	(33.2 %)	62.75	(45.0 %)
Q4 2021	327.45	(24.7 %)	109.01	(38.3 %)	64.91	(47.8 %)
2021	1,409.57	(10.2 %)	530.39	(20.4 %)	344.30	(28.1 %)
Q1 2022	315.06	(26.6 %)	100.74	(42.0 %)	60.08	(51.8 %)
Q2 2022	348.97	0.2 %	145.97	5.2 %	102.95	11.9 %
Q3 2022	328.05	7.6 %	124.36	14.0 %	85.75	36.6 %
Q4 2022	427.74	30.6 %	197.81	81.5 %	155.14	139.0 %
2022	1,419.82	0.7 %	568.88	7.3 %	403.91	17.3 %
Q1 2023	409.63	30.0 %	175.78	74.5 %	123.74	106.0 %
Q2 2023	356.26	2.1 %	145.08	(0.6 %)	93.75	(8.9 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2013	2,187.26	(0.7 %)	1,284.26	4.5 %	1,186.38	3.9 %
2014	2,024.59	(7.4 %)	1,229.06	(4.3 %)	1,123.44	(5.3 %)
2015	1,932.39	(4.6 %)	1,136.02	(7.6 %)	1,029.77	(8.3 %)
2016	1,778.14	(8.0 %)	1,030.58	(9.3 %)	932.12	(9.5 %)
2017	1,184.53	(33.4 %)	568.80	(44.8 %)	473.52	(49.2 %)
2018	1,119.56	(5.5 %)	537.99	(5.4 %)	416.80	(12.0 %)
2019	1,441.63	28.8 %	649.79	20.8 %	490.99	17.8 %
2020	1,569.63	8.9 %	666.38	2.6 %	479.07	(2.4 %)
2021	1,409.57	(10.2 %)	530.39	(20.4 %)	344.30	(28.1 %)
2022	1,419.82	0.7 %	568.88	7.3 %	403.91	17.3 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2014	286.05	(15.9 %)	1.87	-	286.05	1.87
Q2 2014	288.30	(6.1 %)	1.88	-	288.30	1.88
Q3 2014	231.72	1.2 %	1.51	-	231.72	1.51
Q4 2014	268.02	8.4 %	1.75	-	268.02	1.75
2014	1,074.08	(4.4 %)	7.02	-	1,074.08	7.02
Q1 2015	303.10	6.0 %	1.98	-	303.10	1.98
Q2 2015	253.82	(12.0 %)	1.66	-	253.82	1.66
Q3 2015	207.57	(10.4 %)	1.36	-	207.57	1.36
Q4 2015	175.70	(34.4 %)	1.15	(66.15)	241.85	1.58
2015	940.19	(12.5 %)	6.15	(66.15)	1,006.34	6.58
Q1 2016	262.57	(13.4 %)	1.72	-	262.57	1.72
Q2 2016	249.46	(1.7 %)	1.63	-	249.46	1.63
Q3 2016	202.28	(2.5 %)	1.32	-	202.28	1.32
Q4 2016	186.66	6.2 %	1.22	-	186.66	1.22
2016	900.97	(4.2 %)	5.89	-	900.97	5.89
Q1 2017	164.70	(37.3 %)	1.08	-	164.70	1.08
Q2 2017	93.95	(62.3 %)	0.61	-	93.95	0.61
Q3 2017	87.35	(56.8 %)	0.57	-	87.35	0.57
Q4 2017	107.45	(42.4 %)	0.70	-	107.45	0.70
2017	453.45	(49.7 %)	2.96	-	453.45	2.96
Q1 2018	142.23	(13.6 %)	0.93	-	142.23	0.93
Q2 2018	58.05	(38.2 %)	0.38	-	58.05	0.38
Q3 2018	75.41	(13.7 %)	0.49	-	75.41	0.49
Q4 2018	124.83	16.2 %	0.82	-	124.83	0.82
2018	400.51	(11.7 %)	2.62	-	400.51	2.62
Q1 2019	132.44	(6.9 %)	0.87	-	132.44	0.87
Q2 2019	92.34	59.1 %	0.60	-	92.34	0.60
Q3 2019	83.02	10.1 %	0.54	-	83.02	0.54
Q4 2019	143.60	15.0 %	0.94	-	143.60	0.94
2019	451.40	12.7 %	2.95	-	451.40	2.95
Q1 2020	148.51	12.1 %	0.97	-	148.51	0.97
Q2 2020	75.70	(18.0 %)	0.49	-	75.70	0.49
Q3 2020	107.64	29.7 %	0.70	-	107.64	0.70
Q4 2020	124.12	(13.6 %)	0.81	-	124.12	0.81
2020	455.96	1.0 %	2.98	-	455.96	2.98
Q1 2021	119.42	(19.6 %)	0.78	-	119.42	0.78
Q2 2021	86.37	14.1 %	0.56	-	86.37	0.56
Q3 2021	58.72	(45.4 %)	0.38	-	58.72	0.38
Q4 2021	67.40	(45.7 %)	0.44	-	67.40	0.44
2021	331.92	(27.2 %)	2.17	-	331.92	2.17
Q1 2022	61.13	(48.8 %)	0.40	-	61.13	0.40
Q2 2022	102.54	18.7 %	0.67	-	102.54	0.67
Q3 2022	80.65	37.3 %	0.53	-	80.65	0.53
Q4 2022	154.52	129.3 %	1.01	-	154.52	1.01
2022	398.84	20.2 %	2.61	-	398.84	2.61
Q1 2023	123.79	102.5 %	0.81	8.84	114.95	0.75
Q2 2023	85.19	(16.9 %)	0.56	-	85.19	0.56

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2013	1,123.80	2.0 %	7.35	-	1,123.80	7.35
2014	1,074.08	(4.4 %)	7.02	-	1,074.08	7.02
2015	940.19	(12.5 %)	6.15	(66.15)	1,006.34	6.58
2016	900.97	(4.2 %)	5.89	-	900.97	5.89
2017	453.45	(49.7 %)	2.96	-	453.45	2.96
2018	400.51	(11.7 %)	2.62	-	400.51	2.62
2019	451.40	12.7 %	2.95	-	451.40	2.95
2020	455.96	1.0 %	2.98	-	455.96	2.98
2021	331.92	(27.2 %)	2.17	-	331.92	2.17
2022	398.84	20.2 %	2.61	-	398.84	2.61

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	58.61 %	63.45 %	50.71 %
Q2 2014	60.31 %	65.26 %	51.98 %
Q3 2014	61.40 %	66.27 %	52.88 %
Q4 2014	60.71 %	65.63 %	53.05 %
2014	60.71 %	65.63 %	53.05 %
Q1 2015	60.87 %	65.62 %	53.47 %
Q2 2015	60.11 %	65.26 %	52.78 %
Q3 2015	59.34 %	64.97 %	52.29 %
Q4 2015	58.79 %	64.64 %	52.08 %
2015	58.79 %	64.64 %	52.08 %
Q1 2016	57.82 %	64.19 %	51.14 %
Q2 2016	57.77 %	64.19 %	50.94 %
Q3 2016	58.46 %	65.04 %	51.29 %
Q4 2016	57.96 %	65.13 %	50.67 %
2016	57.96 %	65.13 %	50.67 %
Q1 2017	57.28 %	65.04 %	49.65 %
Q2 2017	55.13 %	64.08 %	46.65 %
Q3 2017	51.35 %	60.90 %	42.16 %
Q4 2017	48.02 %	57.56 %	38.28 %
2017	48.02 %	57.56 %	38.28 %
Q1 2018	46.80 %	56.48 %	36.88 %
Q2 2018	45.58 %	54.48 %	34.51 %
Q3 2018	45.79 %	53.62 %	33.78 %
Q4 2018	48.05 %	55.18 %	35.77 %
2018	48.05 %	55.18 %	35.77 %
Q1 2019	46.61 %	51.94 %	33.13 %
Q2 2019	46.68 %	51.15 %	33.40 %
Q3 2019	45.62 %	49.70 %	32.22 %
Q4 2019	45.07 %	48.88 %	31.31 %
2019	45.07 %	48.88 %	31.31 %
Q1 2020	44.72 %	48.26 %	31.13 %
Q2 2020	44.84 %	48.72 %	30.87 %
Q3 2020	44.64 %	47.79 %	30.93 %
Q4 2020	42.45 %	44.85 %	29.05 %
2020	42.45 %	44.85 %	29.05 %
Q1 2021	41.16 %	43.35 %	27.57 %
Q2 2021	40.79 %	42.52 %	27.36 %
Q3 2021	39.43 %	41.52 %	25.62 %
Q4 2021	37.63 %	40.55 %	23.55 %
2021	37.63 %	40.55 %	23.55 %
Q1 2022	35.31 %	39.14 %	21.12 %
Q2 2022	35.85 %	40.06 %	22.35 %
Q3 2022	36.38 %	41.24 %	23.62 %
Q4 2022	40.07 %	44.71 %	28.09 %
2022	40.07 %	44.71 %	28.09 %
Q1 2023	42.52 %	46.04 %	29.89 %
Q2 2023	42.26 %	44.96 %	28.61 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2013	58.72 %	63.38 %	51.38 %
2014	60.71 %	65.63 %	53.05 %
2015	58.79 %	64.64 %	52.08 %
2016	57.96 %	65.13 %	50.67 %
2017	48.02 %	57.56 %	38.28 %
2018	48.05 %	55.18 %	35.77 %
2019	45.07 %	48.88 %	31.31 %
2020	42.45 %	44.85 %	29.05 %
2021	37.63 %	40.55 %	23.55 %
2022	40.07 %	44.71 %	28.09 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	60.98 %	66.09 %	53.49 %
Q2 2014	59.96 %	64.41 %	53.55 %
Q3 2014	62.11 %	67.73 %	54.43 %
Q4 2014	60.06 %	64.70 %	50.98 %
Q1 2015	61.58 %	66.04 %	55.02 %
Q2 2015	56.83 %	62.90 %	50.80 %
Q3 2015	58.43 %	66.46 %	52.11 %
Q4 2015	57.92 %	63.34 %	50.01 %
Q1 2016	58.24 %	64.50 %	51.80 %
Q2 2016	56.61 %	62.88 %	50.01 %
Q3 2016	61.91 %	70.83 %	53.93 %
Q4 2016	55.57 %	63.40 %	46.97 %
Q1 2017	55.20 %	63.75 %	47.55 %
Q2 2017	44.96 %	56.09 %	34.87 %
Q3 2017	46.19 %	58.18 %	34.91 %
Q4 2017	44.23 %	51.58 %	33.73 %
Q1 2018	51.24 %	60.23 %	43.04 %
Q2 2018	39.12 %	46.74 %	23.62 %
Q3 2018	47.22 %	54.29 %	31.48 %
Q4 2018	52.48 %	57.21 %	41.09 %
Q1 2019	46.38 %	49.65 %	33.93 %
Q2 2019	41.43 %	45.21 %	27.27 %
Q3 2019	42.51 %	47.31 %	26.77 %
Q4 2019	48.85 %	52.42 %	35.67 %
Q1 2020	45.02 %	47.49 %	32.98 %
Q2 2020	41.58 %	47.07 %	25.45 %
Q3 2020	42.19 %	43.89 %	27.83 %
Q4 2020	40.63 %	41.45 %	28.53 %
Q1 2021	40.47 %	42.21 %	27.83 %
Q2 2021	39.84 %	42.71 %	24.81 %
Q3 2021	35.76 %	39.28 %	19.26 %
Q4 2021	33.29 %	37.26 %	20.58 %
Q1 2022	31.97 %	37.01 %	19.40 %
Q2 2022	41.83 %	46.13 %	29.38 %
Q3 2022	37.91 %	44.08 %	24.58 %
Q4 2022	46.25 %	49.71 %	36.13 %
Q1 2023	42.91 %	43.69 %	28.06 %
Q2 2023	40.72 %	41.53 %	23.91 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2014	153.00	6.99	6.99	19.33
Q2 2014	153.00	6.87	6.87	17.38
Q3 2014	153.00	6.88	6.88	18.90
Q4 2014	153.00	7.02	7.02	20.65
Q1 2015	153.00	7.13	7.13	20.12
Q2 2015	153.00	6.91	6.91	18.77
Q3 2015	153.00	6.75	6.75	20.13
Q4 2015	153.00	6.15	6.58	21.28
Q1 2016	153.00	5.88	6.31	19.37
Q2 2016	153.00	5.85	6.28	18.25
Q3 2016	153.00	5.82	6.25	19.57
Q4 2016	153.00	5.89	5.89	20.85
Q1 2017	153.00	5.25	5.25	21.92
Q2 2017	153.00	4.23	4.23	17.54
Q3 2017	153.00	3.48	3.48	18.11
Q4 2017	153.00	2.96	2.96	18.81
Q1 2018	153.00	2.82	2.82	19.74
Q2 2018	153.00	2.58	2.58	16.87
Q3 2018	153.00	2.50	2.50	17.36
Q4 2018	153.00	2.62	2.62	18.22
Q1 2019	153.00	2.55	2.55	19.08
Q2 2019	153.00	2.78	2.78	16.43
Q3 2019	153.00	2.83	2.83	16.97
Q4 2019	153.00	2.95	2.95	17.84
Q1 2020	153.00	3.06	3.06	18.81
Q2 2020	153.00	2.95	2.95	15.81
Q3 2020	153.00	3.11	3.11	16.51
Q4 2020	153.00	2.98	2.98	17.33
Q1 2021	153.00	2.79	2.79	18.11
Q2 2021	153.00	2.86	2.86	15.15
Q3 2021	153.00	2.54	2.54	15.54
Q4 2021	153.00	2.17	2.17	15.90
Q1 2022	153.00	1.79	1.79	16.30
Q2 2022	153.00	1.89	1.89	13.47
Q3 2022	153.00	2.04	2.04	14.00
Q4 2022	153.00	2.61	2.61	14.99
Q1 2023	153.00	3.02	2.96	15.80
Q2 2023	153.00	2.90	2.85	13.10

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2013	153.00	7.35	7.35	20.97
2014	153.00	7.02	7.02	20.65
2015	153.00	6.15	6.58	21.28
2016	153.00	5.89	5.89	20.85
2017	153.00	2.96	2.96	18.81
2018	153.00	2.62	2.62	18.22
2019	153.00	2.95	2.95	17.84
2020	153.00	2.98	2.98	17.33
2021	153.00	2.17	2.17	15.90
2022	153.00	2.61	2.61	14.99

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2014	15.23	15.23	5.51
Q2 2014	16.78	16.78	6.63
Q3 2014	16.59	16.59	6.04
Q4 2014	13.63	13.63	4.63
Q1 2015	12.58	12.58	4.46
Q2 2015	14.00	14.00	5.15
Q3 2015	10.63	10.63	3.56
Q4 2015	10.56	9.86	3.05
Q1 2016	10.73	9.99	3.26
Q2 2016	10.80	10.05	3.46
Q3 2016	9.55	8.89	2.84
Q4 2016	12.09	12.09	3.42
Q1 2017	11.40	11.40	2.73
Q2 2017	12.27	12.27	2.96
Q3 2017	12.03	12.03	2.31
Q4 2017	16.00	16.00	2.52
Q1 2018	19.93	19.93	2.84
Q2 2018	19.23	19.23	2.94
Q3 2018	17.89	17.89	2.58
Q4 2018	18.55	18.55	2.67
Q1 2019	22.91	22.91	3.07
Q2 2019	25.23	25.23	4.27
Q3 2019	25.18	25.18	4.20
Q4 2019	23.76	23.76	3.93
Q1 2020	16.04	16.04	2.60
Q2 2020	17.99	17.99	3.35
Q3 2020	18.70	18.70	3.52
Q4 2020	20.64	20.64	3.55
Q1 2021	23.80	23.80	3.67
Q2 2021	22.24	22.24	4.20
Q3 2021	24.72	24.72	4.04
Q4 2021	25.26	25.26	3.45
Q1 2022	34.05	34.05	3.74
Q2 2022	26.87	26.87	3.78
Q3 2022	25.62	25.62	3.73
Q4 2022	19.56	19.56	3.40
Q1 2023	18.57	18.93	3.55
Q2 2023	20.46	20.88	4.53

Period	P/E	Adjusted P/E	Price/book
2013	13.82	13.82	4.84
2014	13.63	13.63	4.63
2015	10.56	9.86	3.05
2016	12.09	12.09	3.42
2017	16.00	16.00	2.52
2018	18.55	18.55	2.67
2019	23.76	23.76	3.93
2020	20.64	20.64	3.55
2021	25.26	25.26	3.45
2022	19.56	19.56	3.40

Business Segments (Million)

Compared With The

Period	Cement	Clinker
Q3 2021	250.73	54.19
Q4 2021	276.54	50.91
Q1 2022	271.09	43.97
Q2 2022	290.74	58.24
Q3 2022	315.81	12.24
Q4 2022	402.14	25.60
Q1 2023	346.31	63.31
Q2 2023	306.89	49.38

Period	Cement	Clinker
2019	1,299.80	141.83
2020	1,359.30	210.34
2021	1,187.91	221.66
2022	1,279.77	140.05

Analysts Estimates (Million)

Item	Q2 2023 (e)	Q2 2023 (a)	Change‬
Average	91.67	85.19	(7.1 %)

Estimates vs Actual (Million)

Item	Q2 2023 (e)	Q2 2023 (a)	Change
SNB Capital	83.10	85.19	2.5 %
OSOOL AND BAKHEET	81.40	85.19	4.6 %
Value Capital	77.19	85.19	10.4 %
Al Rajhi Capital	97.00	85.19	(12.2) %
U-Capital	97.40	85.19	(12.5) %
Riyad Capital	103.00	85.19	(17.3) %
Hermes	105.00	85.19	(18.9) %
AlJazira Capital	70.90	85.19	20.1 %
United Securities Company	110.00	85.19	(22.6) %

Financial Ratios

	Current
Market Cap (M Riyal)	6,250.05
Enterprise Value (EV) (M)	6,674.15
Shares Outstanding ((M))	153.00
EPS ( Riyal) (TTM)	2.65
Book Value (BV) ( Riyal)	13.83
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	15.43
P/E (TTM)	15.43
Price/book	2.95
Return on Average Assets (%) (TTM)	12.5
Return on Average Equity (%) (TTM)	19.3

Saudi Cement Co. (SAUDI CEMENT)

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Saudi Cement H1 2023 profit jumps 28% to SAR 209 mln; Q2 at SAR 85.2 mln

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Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million)

Revenue by Business Segment (Latest) 2023 Q2

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Saudi Cement Co. (SAUDI CEMENT)

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Saudi Cement H1 2023 profit jumps 28% to SAR 209 mln; Q2 at SAR 85.2 mln

View other reports

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q2 2023

Revenue by Business Segment (Latest) 2023 Q2

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Saudi Cement Co. (SAUDI CEMENT)

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Business Segments (Million)