Northern Region Cement Company (3004) Fair Value & Analysis
Basic Materials · SA · Market cap 1.2B SAR
Fair value as of: Jul 31, 2026
From 15 valuation models · updated 10 days ago
Share price −4.9% over the past month.
Below-average quality, screening 12% undervalued on our models.
What matters now
- Our model range runs from 5.39 SAR (bear) to 8.95 SAR (bull), base 7.19 SAR. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 41/100 (below-average quality) with high evidence: the data supports the verdict.
Price vs Fair Value (5 years)
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 6.40 SAR – 15.52 SAR · fair‑value band 5.39 SAR – 8.95 SAR · the 6.40 SAR price screens below the 7.19 SAR fair value. Dashed = 300-day average. As of Jul 31, 2026.
Analysis
Northern Region Cement Company (3004) currently trades at 6.40 SAR, while our model-based Fair Value estimate is 7.19 SAR, implying the stock looks roughly 12.3% undervalued today. The Quality Score stands at 41/100 (below-average 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, Northern Region Cement Company generated revenue of 714M SAR at a net margin of 8.4%. Revenue grew 21.2% year over year. It earns a return on equity of 2.6%. Net debt stands at 1.0B SAR. Fundamentals as of Jul 31, 2026
Our scenario range runs from 5.39 SAR (bear case) to 8.95 SAR (bull case); at 6.40 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 22% below its 52-week high and 1% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -59% fair-value upside, at 12%, 3004 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.
All 15 models by family
Widest divergence: Asset-Based (8.42 SAR) versus Dividend Discount (2.65 SAR). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 31, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 39 · Market factors (momentum, volatility) 44
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
Northern Region Cement Company, together with its subsidiaries, engages in the production and sale of portland cement in Saudi Arabia, the Hashemite Kingdom of Jordan, and the Republic of Iraq. The company offers white cement, Portland cement, and clinker.
Full company description
Northern Region Cement Company, together with its subsidiaries, engages in the production and sale of portland cement in Saudi Arabia, the Hashemite Kingdom of Jordan, and the Republic of Iraq. The company offers white cement, Portland cement, and clinker. It is also involved in wholesale and retail of cement, building materials, such as cement, concrete blocks, gypsum, cement tiles; and rock cutting business using explosive materials. Northern Region Cement Company was incorporated in 2006 and is headquartered in Riyadh, Saudi Arabia.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Northern Region Cement Company reported revenue of 684M SAR in FY2025 versus 562M SAR in FY2021, a compound +5.0%/yr. Reported net income was 56.1M SAR in FY2025, compounding −14.7%/yr from FY2021.
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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.
Valuation Multiples vs Building Materials median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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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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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