The Qassim Cement Co (3040) fair value: what the stock is really worth
As of Nov 8, 2026: fair value (intrinsic value) of The Qassim Cement Co stock SAR 29.59, price SAR 43.06, that is 31.3% below the price, quality 36 out of 100. Rating: overvalued. Calculated from audited financials with 15 of our 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range 33.03 SAR – 69.04 SAR · fair‑value band 22.20 SAR – 36.99 SAR · the 43.06 SAR price screens above the 29.59 SAR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Qassim Cement Company manufactures and sells cement and related products in the Kingdom of Saudi Arabia. It offers ordinary Portland, Portland pozzolana, sulphate resistant, limestone, and finishing cement products, as well as cement derivatives and supplements.
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The company was incorporated in 1976 and is based in Buraydah, the Kingdom of Saudi Arabia.
Stock analysis
The Qassim Cement Co (3040) currently trades at 43.06 SAR, while our model-based Fair Value estimate is 29.59 SAR, 31% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 32.14 SAR per share, and 1 of the 15 models we run sit above the 43.06 SAR price.
Bear case: the Asset-Based group reads lowest at 7.19 SAR, and 14 of the 15 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 22.20 SAR (bear) to 36.99 SAR (bull), the price of 43.06 SAR sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 36/100 (below-average quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
The Qassim Cement Co reported revenue of 1.1B SAR in FY2025 versus 723M SAR in FY2021, a compound +11.9%/yr. Reported net income was 260M SAR in FY2025, compounding −2.9%/yr from FY2021.
Key figures
Market cap 4.7B SAR (≈ $1.3B) Small · P/E ratio 20.4 · P/S ratio 4.55 · EPS (TTM) 2.11 SAR · Dividend yield 1.9% · Net margin 21.8% · Return on equity 8.7% · Return on assets (EBIT) 8.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 62 out of 100 (low confidence).
What moves the price
The share trades about 8% below its 52-week high and 10% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −21% fair-value upside, at −31%, 3040 screens richer than that median.
Fair Value models
Bear22.20 SARFair Value 29.59 SARBull36.99 SAR
Price 43.06 SAR · Downside -31.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (1.12 SAR per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.35/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+17.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+18.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.8%
Start year 2020 (pandemic). Over 10 years: +1.0% a year
Revenue growth 19 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.9%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis.
≈ −14.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−16.2%
Dividend (yield on the price)1.9%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−10.0% vs −9.3%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.47% → 17%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 1.7%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
⚠ Rate on operating basis: 2025 sits 50% above its own trend.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Building Materials · 257 stocks
Beats the industry median on 4/12 measures
Overall it trails its industry peers.
Valuation
Quality Score36 · Bottom 25%
Fair Value upside−31.3% · Below median
Profitability
Return on equity (12 months)8.7% · Above median
Return on assets8.3% · Top 25%
Net margin (12 months)21.8% · Top 25%
Operating margin (12 months)19.9% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−26.6% · Bottom 25%
Dividend yield (12 months)1.9% · Below median
Valuation Multiplesvs Building Materials median · lower = cheaper
P/E (12 months)20.4× · Pricier than median
P/B1.78× · Pricier than median
P/S (12 months)4.55× · Priciest 25%
EV/EBITDA13.3× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 30
FUTURE (revenue growth)0· sector 13
PAST (return on equity)35· sector 17
HEALTH (low debt)0· sector 92
DIVIDEND (yield)37· sector 47
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "The Qassim Cement Co Fair Value". https://www.fairvalue-calculator.com/stock/3040
Frequently asked questions
Is The Qassim Cement Co (3040) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 29.59 SAR versus a price of 43.06 SAR, about 31% lower (overvalued).
What is the fair value of 3040?
Our model-based fair value for The Qassim Cement Co is 29.59 SAR (as of Nov 8, 2026), built from audited fundamentals. The current price: 43.06 SAR.
What is the quality score of 3040?
The Qassim Cement Co has a Quality Score of 36/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for The Qassim Cement Co (3040)?
Our model-based price target is the fair value of 29.59 SAR (as of Nov 8, 2026) from 15 valuation models. Cautious scenario 22.20 SAR, optimistic scenario 36.99 SAR. It is a calculation from audited fundamentals, not an analyst target.
What is the The Qassim Cement Co stock forecast for 2026?
Our models put fair value at 29.59 SAR, about 31% lower versus a price of 43.06 SAR (overvalued). Cautious scenario 22.20 SAR, optimistic scenario 36.99 SAR. The calculation is refreshed regularly with new filings.
What is the revenue of The Qassim Cement Co (3040)?
The Qassim Cement Co reported trailing-twelve-month revenue of about 1.0B SAR (latest available figure, as of Nov 8, 2026).
Does The Qassim Cement Co pay a dividend?
The Qassim Cement Co currently shows a dividend yield of 1.86% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of The Qassim Cement Co (3040) and when is the ex-dividend date?
The Qassim Cement Co pays a dividend of 0.8 SAR per share a year, a dividend yield of 1.9%. The next ex-dividend date is Jan 13, 2027. A dividend has been paid every year since 2004. The payout ratio is 37.9% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of The Qassim Cement Co (3040)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For The Qassim Cement Co it is 29.59 SAR per share (as of Nov 8, 2026), against a price of 43.06 SAR. It is the blended result of 15 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is The Qassim Cement Co stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 3040 trades above its calculated fair value: price 43.06 SAR, fair value 29.59 SAR, a gap of about −31% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 3040?
No. The price is what the market pays today (43.06 SAR); the fair value is what the company's own numbers justify (29.59 SAR). For The Qassim Cement Co the two are 13.47 SAR per share apart. That gap is exactly why we show both numbers side by side.
How much is The Qassim Cement Co worth?
The market values The Qassim Cement Co at about 4.7B SAR (market capitalisation, as of Nov 8, 2026). Per share that is 43.06 SAR; our models calculate a fair value of 29.59 SAR per share.
What do the bullish and bearish scenarios say about 3040?
Our models span a range for The Qassim Cement Co: cautious scenario 22.20 SAR, base 29.59 SAR, optimistic 36.99 SAR per share (as of Nov 8, 2026, price 43.06 SAR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3040?
The Qassim Cement Co trades at a price-to-earnings ratio of 20.4 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 29.59 SAR is built from several models across several years. Other multiples: P/B 1.8, P/S 4.5, EV/EBITDA 13.3.
How solid is the balance sheet of The Qassim Cement Co (3040)?
Balance-sheet figures for The Qassim Cement Co (as of Nov 8, 2026): return on equity 8.7%. They feed the Quality Score of 36/100, which measures business quality independently of the share price.
How far is 3040 from its 52-week high?
The Qassim Cement Co trades at 43.06 SAR, about 8% below its 52-week high of 46.70 SAR and 10% above the low of 39.27 SAR (as of Nov 8, 2026). Distance from the high says nothing about value: that is what the fair value of 29.59 SAR is for.
Which stocks are comparable to The Qassim Cement Co?
From the same area (Basic Materials) we also value CRH plc, Holcim AG, Martin Marietta Materials, Inc, Vulcan Materials Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is The Qassim Cement Co stock attractive at the current price?
The data as of Nov 8, 2026: price 43.06 SAR, calculated fair value 29.59 SAR (−31%), Quality Score 36/100, from 15 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 3040 calculated?
We run The Qassim Cement Co through 15 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 29.59 SAR builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. The Qassim Cement Co itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of The Qassim Cement Co (3040)?
The closing price on Nov 8, 2026 was 43.06 SAR. Our model-based fair value is 29.59 SAR, about 31% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with The Qassim Cement Co right now?
The price sits above even our optimistic bull case (36.99 SAR). The favourable scenario is already priced in. Weak quality (36/100) and above fair value at the same time, the margin of safety is missing on both counts.
Where does the earnings growth of The Qassim Cement Co (3040) come from?
Earnings per share at The Qassim Cement Co grew −9.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share −1.9 %, EBIT margin −9.6 %, tax rate −0.2 %, residual (interest, one-offs) +2.2 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of The Qassim Cement Co
How large is the market capitalisation of The Qassim Cement Co (3040)?
The market capitalisation of The Qassim Cement Co is 4.7B SAR (≈ $1.3B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of The Qassim Cement Co (3040)?
The price-to-sales ratio of The Qassim Cement Co is 4.55 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of The Qassim Cement Co (3040)?
Earnings per share at The Qassim Cement Co are 2.11 SAR (price ÷ EPS = P/E 20.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of The Qassim Cement Co (3040)?
The dividend yield of The Qassim Cement Co is 1.9% (payout 37.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of The Qassim Cement Co (3040)?
The net margin of The Qassim Cement Co is 21.8% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of The Qassim Cement Co (3040)?
The return on equity (ROE) of The Qassim Cement Co is 8.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of The Qassim Cement Co (3040)?
On an EBIT basis the return on assets of The Qassim Cement Co is 8.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of The Qassim Cement Co (3040)?
The operating margin of The Qassim Cement Co is 19.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at The Qassim Cement Co (3040)?
Revenue at The Qassim Cement Co is growing −26.6% versus a year earlier (3y avg +18.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at The Qassim Cement Co (3040)?
Earnings per share at The Qassim Cement Co are growing −9.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does The Qassim Cement Co (3040) generate?
The free cash flow of The Qassim Cement Co is −20.2M SAR (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does The Qassim Cement Co (3040) carry?
The net debt of The Qassim Cement Co is 166K SAR (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 8, 2026