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City Cement Company (3003) Fair Value & Analysis

Basic Materials · SA · Market cap 1.4B SAR

CC City Cement Company 3003 · SR
Price10.09 SAR
Fair Value13.47 SAR
Upside+33.5%
Quality65/100
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Weak Growth
Highly profitable · 21.9% net margin
generates free cash flow
11.34% dividend yield
Ranks above peers (11/13)
Moderate moat 57/100
Evidence: High Range 10.05 SAR – 18.50 SAR Share as image

Fair value as of: Jul 31, 2026

From 24 valuation models · updated 10 days ago

Share price −10.5% over the past month.

A solid business, screening 34% undervalued on our models.

What matters now

  • Solid quality (65/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (10.05 SAR to 18.50 SAR) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

25.04 SAR 10.09 SAR Fair Value 13.47 SAR Apr 2021 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 31, 2026.

How to read this chart

60‑month range 10.09 SAR – 25.04 SAR · fair‑value band 10.05 SAR – 18.50 SAR · the 10.09 SAR price screens below the 13.47 SAR fair value. Dashed = 300-day average. As of Jul 31, 2026.

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Analysis

City Cement Company (3003) currently trades at 10.09 SAR, while our model-based Fair Value estimate is 13.47 SAR, implying the stock looks roughly 33.5% undervalued today. The Quality Score stands at 65/100 (solid quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, City Cement Company generated revenue of 490M SAR at a net margin of 21.9%. Revenue declined 19.7% year over year. It earns a return on equity of 5.9%. The balance sheet holds a net cash position of 12.6M SAR. Fundamentals as of Jul 31, 2026

Our scenario range runs from 10.05 SAR (bear case) to 18.50 SAR (bull case); at 10.09 SAR, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 40% below its 52-week high, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -59% fair-value upside, at 34%, 3003 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Residual Income 10.10 SAR 10.49 SAR 10.56 SAR 76
Growth DCF 10.04 SAR 12.58 SAR 16.57 SAR 72
Gordon GGM 5.05 SAR 6.17 SAR 7.24 SAR 70
All 24 models by family
DCF Models
FCF DCF 9.80 SAR 12.46 SAR 17.00 SAR 38
Owner Earnings 8.39 SAR 10.67 SAR 14.56 SAR 31
5Y Revenue Exit 6.31 SAR 8.01 SAR 10.45 SAR 39
5Y EBITDA Exit 9.71 SAR 13.79 SAR 19.14 SAR 41
5Y P/E Exit 10.05 SAR 14.38 SAR 19.48 SAR 38
10Y Revenue Exit 7.67 SAR 9.29 SAR 11.03 SAR 36
10Y EBITDA Exit 9.67 SAR 12.79 SAR 16.28 SAR 37
10Y P/E Exit 9.86 SAR 13.14 SAR 16.49 SAR 35
Earnings-Based
Graham-Dodd 6.26 SAR 10.86 SAR 13.30 SAR 54
EPV 5.61 SAR 6.36 SAR 6.99 SAR 59
Dividend Discount
Gordon GGM 5.05 SAR 6.17 SAR 7.24 SAR 70
DDM Multi-Stage 5.05 SAR 6.47 SAR 8.00 SAR 61
Multiples
P/E Multiple 11.74 SAR 15.66 SAR 19.57 SAR 63
P/S Multiple 4.18 SAR 5.57 SAR 6.96 SAR 58
P/B Multiple 11.74 SAR 15.66 SAR 19.57 SAR 55
EV/EBIT 8.59 SAR 11.42 SAR 14.25 SAR 53
EV/EBITDA 11.14 SAR 14.82 SAR 18.51 SAR 54
EV/Revenue 4.00 SAR 5.67 SAR 7.34 SAR 43
Asset-Based
NCAV (Graham) 6.54 SAR 8.77 SAR 13.09 SAR 50
Growth DCF
Growth DCF 10.04 SAR 12.58 SAR 16.57 SAR 72
Rev-Margin DCF 6.31 SAR 8.23 SAR 10.72 SAR 67
Economic Profit
Residual Income 10.10 SAR 10.49 SAR 10.56 SAR 76
ROIC Compounder 5.61 SAR 6.36 SAR 6.99 SAR 67
Growth Earnings
Growth-Adj P/E 8.36 SAR 11.95 SAR 15.53 SAR 68

Widest divergence: DCF Models (12.46 SAR) versus Dividend Discount (6.17 SAR). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 490M SAR
Revenue growth (YoY) -19.7%
Net margin 21.9%
Return on equity 5.9%
Free cash flow 161M SAR FY2025
P/E ratio 13.1
More key figures
Operating margin 21.5%
EPS (TTM) 0.7700 SAR
Dividend yield 11.3%
EPS growth (YoY) -41.4%
Net cash 12.6M SAR FY2025

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

Quality Score breakdown

Overall quality 65/100

Of which business quality 65 · Market factors (momentum, volatility) 34

Profitability 42
Margins and returns on capital today
Quality Growth 21
Are margins and returns improving?
Cashflow 86
Earnings quality: real cash, not paper profit
Fin. Strength 81
Balance sheet, leverage, solvency risk
Investment 73
Disciplined investing over empire-building
Low Volatility 95
Calm price path (market factor)
Momentum 12
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 81
Buybacks instead of dilution

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

City Cement Company, together with its subsidiaries, manufactures and sells cement in the Kingdom of Saudi Arabia. The company provides ordinary portland cement for construction and plastering works, concrete pipe, and block and tile industry; and concrete structure works.

Full company description

City Cement Company, together with its subsidiaries, manufactures and sells cement in the Kingdom of Saudi Arabia. The company provides ordinary portland cement for construction and plastering works, concrete pipe, and block and tile industry; and concrete structure works. It also offers sulphate resistant cement for wastewater treatment plants, coastal ports and platforms, and dams and land infrastructure; and green finishing cement. In addition, the company involves in import and operation of radioactive devices of its plants, processing waste, industrial, agricultural, and municipal waste, as well as produces alternative fuels. The company was founded in 2005 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

City Cement Company reported revenue of 520M SAR in FY2025 versus 497M SAR in FY2021, a compound +1.1%/yr. Reported net income was 129M SAR in FY2025, compounding −5.3%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
520M SAR
Latest YoY
−0.2%
Avg. growth/yr (3Y) 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.
+6.4%
Avg. growth/yr (5Y) 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.
−1.9%
Avg. growth/yr (13Y) 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.
+1.5%
Revenue +1.1%/yr
FY21 497M SAR
FY22 431M SAR
FY23 356M SAR
FY24 521M SAR
FY25 520M SAR
Net income −5.3%/yr
FY21 160M SAR
FY22 115M SAR
FY23 82.0M SAR
FY24 144M SAR
FY25 129M SAR
Character of growth · EPS growth decomposed (2014-2025) −6.9 % p.a.
Revenue per share −1.6 pp

of which total revenue −1.6 pp · buybacks/dilution +0.0 pp

EBIT margin −7.0 pp
Tax rate −0.6 pp
Residual (interest, one-offs) +2.3 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "City Cement Company Fair Value". https://www.fairvalue-calculator.com/stock/3003

Peer Group

Building Materials · 253 stocks

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.

Quality Score 65 · Top 25%
Fair Value upside +34% · Top 25%
Return on equity (TTM) 6% · Above median
Return on assets 3% · Above median
Net margin (TTM) 22% · Top 25%
Operating margin (TTM) 22% · Top 25%
Revenue growth -20% · Bottom 25%
Dividend yield (TTM) 11.3% · Top 25%

Valuation Multiples vs Building Materials median · lower = cheaper

P/E (TTM) 13.1× · Cheaper than median
P/B 0.21× · Cheaper than 75% of peers
P/S (TTM) 0.77× · Cheaper than median
P/FCF 2.3× · Pricier than median
EV/EBITDA 2.1× · Cheaper than 75% of peers

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 78 · sector 27
FUTURE 0 · sector 2
PAST 24 · sector 15
HEALTH 0 · sector 92
DIVIDEND 100 · sector 42

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 $102.92 $70.57 -31%
UltraTech Cement Limited ULTRACEMCO ₹11,711 ₹4,719 -60%
China Jushi Co 600176 ¥54.52 ¥13.95 -74%
Grasim Industries Limited GRASIM ₹3,073 ₹1,245 -59%
CEMEX, S.A. CEMEXCPO 21.71 MXN 15.42 MXN -29%
Anhui Conch Cement Company 600585 ¥16.99 ¥26.14 +54%
Ambuja Cements Limited AMBUJACEM ₹435.25 ₹227.96 -48%
Shree Cement Limited SHREECEM ₹26,930 ₹8,215 -69%
TCC Group 1101B 43.70 TWD 10.48 TWD -76%
Taiwan Glass Ind. Corp 1802 53.30 TWD 13.98 TWD -74%

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Frequently asked questions

Is City Cement Company (3003) overvalued or undervalued?
As of Jul 31, 2026, our model estimates a fair value of 13.47 SAR versus a price of 10.09 SAR, about +34% (undervalued).
What is the fair value of 3003?
Our model-based fair value for City Cement Company is 13.47 SAR (as of Jul 31, 2026), built from audited fundamentals. The current price is 10.09 SAR.
What is the quality score of 3003?
City Cement Company has a Quality Score of 65/100. 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 revenue of City Cement Company (3003)?
City Cement Company reported trailing-twelve-month revenue of about 490M SAR (latest available figure, as of Jul 31, 2026).
What is the net profit margin of 3003?
The net profit margin of City Cement Company is about 21.9%, meaning it keeps roughly 21.9% of revenue as net income. Based on the latest reported figures.
Does City Cement Company pay a dividend?
City Cement Company currently shows a dividend yield of about 11.34% relative to its recent price (as of Jul 31, 2026).

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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