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Najran Cement Company (3002) Fair Value & Analysis

Basic Materials · SA · Market cap 905M SAR

NC Najran Cement Company 3002 · SR
Price5.48 SAR
Fair Value5.38 SAR
Upside-1.7%
Quality50/100
Weak Growth
Thin margins · 5.1% net margin
Low debt · generates free cash flow
Ranks above peers (8/13)
Narrow moat 27/100
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Evidence: High Range 3.31 SAR – 7.46 SAR Share as image

Fair value as of: Jul 31, 2026

From 24 valuation models · updated today

Share price −6.0% over the past month.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (3.31 SAR to 7.46 SAR) leaves room in how you read the outcome.

Price vs Fair Value (12 months)

8.26 SAR 5.48 SAR Fair Value 5.38 SAR Aug 2025 Jul 2026

12‑month range 5.48 SAR – 8.26 SAR · fair‑value band 3.31 SAR – 7.46 SAR · the 5.48 SAR price screens above the 5.38 SAR fair value. As of Jul 31, 2026.

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Analysis

Najran Cement Company (3002) currently trades at 5.48 SAR, while our model-based Fair Value estimate is 5.38 SAR, implying the stock looks roughly 1.7% fairly valued today. We read business quality at 50/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Najran Cement Company generated revenue of 504M SAR at a net margin of 5.1%. Revenue declined 9.0% year over year. It earns a return on equity of 1.3%. Net debt stands at 254M SAR. Fundamentals as of Jul 31, 2026

Our scenario range runs from 3.31 SAR (bear case) to 7.46 SAR (bull case); at 5.48 SAR, the current price sits within that range. The share trades about 34% below its 52-week high, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -41% fair-value upside, at -2%, 3002 screens cheaper than that median.

Key figures & financial health

Revenue (TTM) 504M SAR
Revenue growth (YoY) -9.0%
Net margin 5.1%
Return on equity 1.3%
Free cash flow 70.6M SAR FY2025
P/E ratio 34.3
More key figures
Operating margin 9.2%
EPS (TTM) 0.1600 SAR
EPS growth (YoY) -63.5%
Net debt 254M SAR FY2025

Figures from reported company fundamentals · as of Jul 31, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 50/100
Profitability 20
Quality Growth 18
Cashflow 76
Fin. Strength 52
Investment 98
Low Volatility 100
Momentum 18
52W Momentum 0
Net Issuance 93

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Najran Cement Company engages in the manufacture and sale of cement products in the Kingdom of Saudi Arabia. The company offers ordinary Portland cement, sulfate-resistant Portland cement, Portland pozzolanic cement, and plastering cement. It also engages in the transportation of goods.

Full company description

Najran Cement Company engages in the manufacture and sale of cement products in the Kingdom of Saudi Arabia. The company offers ordinary Portland cement, sulfate-resistant Portland cement, Portland pozzolanic cement, and plastering cement. It also engages in the transportation of goods. Najran Cement Company was founded in 2005 and is based in Najran, Saudi Arabia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Najran Cement Company reported revenue of 516M SAR in FY2025 versus 582M SAR in FY2021, a compound −2.9%/yr. Reported net income was 36.7M SAR in FY2025, compounding −31.4%/yr from FY2021.

Revenue −2.9%/yr
FY21 582M SAR
FY22 536M SAR
FY23 486M SAR
FY24 535M SAR
FY25 516M SAR
Net income −31.4%/yr
FY21 166M SAR
FY22 113M SAR
FY23 69.4M SAR
FY24 68.4M SAR
FY25 36.7M SAR

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Cite: Fair Value Calculator (2026). "Najran Cement Company Fair Value". https://www.fairvalue-calculator.com/stock/3002

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 31 / 29
FUTURE 0 / 4
PAST 5 / 15
HEALTH 95 / 92
DIVIDEND 0 / 43

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Building Materials stocks, each showing price versus our Fair Value estimate (as of Jul 31, 2026).

Stock Price Fair Value vs Fair Value
CRH plc CRH $106.52 $64.08 -40%
Holcim AG HCMLY $19.20 $8.68 -55%
UltraTech Cement Limited ULTRACEMCO ₹10,912 ₹4,589 -58%
China Jushi Co 600176 ¥39.37 ¥15.20 -61%
Grasim Industries Limited GRASIM ₹3,088 ₹2,139 -31%
CEMEX, S.A. CEMEXCPO 21.71 MXN 15.42 MXN -29%
Anhui Conch Cement Company 600585 ¥18.78 ¥34.97 +86%
Ambuja Cements Limited AMBUJACEM ₹417.55 ₹247.84 -41%
Shree Cement Limited SHREECEM ₹24,085 ₹8,445 -65%
TCC Group 1101B 45.25 TWD 25.16 TWD -44%

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Frequently asked questions

Is Najran Cement Company (3002) overvalued or undervalued?
As of Jul 31, 2026, our model estimates a fair value of 5.38 SAR versus a price of 5.48 SAR, about −2% (fairly valued).
What is the fair value of 3002?
Our model-based fair value for Najran Cement Company is 5.38 SAR (as of Jul 31, 2026), built from audited fundamentals. The current price is 5.48 SAR.
What is the quality score of 3002?
Najran Cement Company has a Quality Score of 50/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Najran Cement Company (3002)?
Najran Cement Company reported trailing-twelve-month revenue of about 504M SAR (latest available figure, as of Jul 31, 2026).
What is the net profit margin of 3002?
The net profit margin of Najran Cement Company is about 5.1%, meaning it keeps roughly 5.1% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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