Riyadh Cement Co (3092) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Riyadh Cement Co SAR 20.69, price SAR 20.74, upside -0.2%, quality 62 out of 100. Calculated from audited financials with 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, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 19.77 SAR – 33.57 SAR · fair‑value band 12.88 SAR – 31.19 SAR · the 20.74 SAR price screens above the 20.69 SAR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Riyadh Cement Company produces and sells cement in the Kingdom of Saudi Arabia, the Kingdom of Bahrain, the State of Iraq, State of Yemen, the Hashemite Kingdom of Jordan, and the Sultanate of Oman. It offers grey and white cement; and finishing, sulfate-resistant Portland, ordinary Portland cement, as well as white Portland cement type I and II.
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Riyadh Cement Company produces and sells cement in the Kingdom of Saudi Arabia, the Kingdom of Bahrain, the State of Iraq, State of Yemen, the Hashemite Kingdom of Jordan, and the Sultanate of Oman. It offers grey and white cement; and finishing, sulfate-resistant Portland, ordinary Portland cement, as well as white Portland cement type I and II. The company was formerly known as Saudi White Cement Company and changed its name to Riyadh Cement Company in February 2021. Riyadh Cement Company was incorporated in 1997 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.
Stock analysis
Riyadh Cement Co (3092) currently trades at 20.74 SAR, while our model-based Fair Value estimate is 20.69 SAR, implying the stock looks roughly 0.2% fairly valued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of 27.26 SAR per share, and 11 of the 26 models we run sit above the 20.74 SAR price.
Bear case: the Asset-Based group reads lowest at 9.59 SAR, and 15 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: 12.88 SAR (bear) to 31.19 SAR (bull), the price of 20.74 SAR sits inside 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 62/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Riyadh Cement Co reported revenue of 788M SAR in FY2025 versus 671M SAR in FY2021, a compound +4.1%/yr. Reported net income was 208M SAR in FY2025, compounding −0.7%/yr from FY2021.
Key figures
Market cap 2.8B SAR (≈ $745M) · P/E ratio 13.5 · P/S ratio 3.55 · EPS (TTM) 1.54 SAR · Dividend yield 7.7% · Net margin 26.4% · Return on equity 10.5% · Return on assets (EBIT) 12.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 27% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −47% fair-value upside, at 0%, 3092 screens cheaper than that median.
Fair Value models
Bear 12.88 SARFair Value 20.69 SARBull 31.19 SAR
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = 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.61/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−0.2%
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.
+9.6%
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.
+5.9%
Start year 2020 (pandemic)
Revenue growth 9 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.
−0.2%
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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.
+7.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−0.7%
Dividend (yield on the price)7.7%
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.−1% vs −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.38% → 28%
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+12.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Saudi Arabia: IMF forecast 2.1% a year to 2030, 1.7% from 2016 to 2025) that is about +10.6% a year for the price.
Price, fair value, quality and upside side by side.
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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 · 258 stocks
Beats the industry median on 12/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score62 · Top 25%
Fair Value upside0% · Above median
Profitability
Return on equity (TTM)10% · Top 25%
Return on assets6% · Top 25%
Net margin (TTM)24% · Top 25%
Operating margin (TTM)27% · Top 25%
Growth and dividend
Revenue growth1% · Above median
Dividend yield (TTM)7.7% · Top 25%
Balance sheet
Debt / equity0.02× · Lowest 25%
Valuation Multiplesvs Building Materials median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Riyadh Cement Co Fair Value". https://www.fairvalue-calculator.com/stock/3092
Frequently asked questions
Is Riyadh Cement Co (3092) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 20.69 SAR versus a price of 20.74 SAR, about −0% upside (fairly valued).
What is the fair value of 3092?
Our model-based fair value for Riyadh Cement Co is 20.69 SAR (as of Sep 24, 2026), built from audited fundamentals. The current price: 20.74 SAR.
What is the quality score of 3092?
Riyadh Cement Co has a Quality Score of 62/100. 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 Riyadh Cement Co (3092)?
Our model-based price target is the fair value of 20.69 SAR (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 12.88 SAR, optimistic scenario 31.19 SAR. It is a calculation from audited fundamentals, not an analyst target.
What is the Riyadh Cement Co stock forecast for 2026?
Our models put fair value at 20.69 SAR, about −0% upside versus a price of 20.74 SAR (fairly valued). Cautious scenario 12.88 SAR, optimistic scenario 31.19 SAR. The calculation is refreshed regularly with new filings.
What is the revenue of Riyadh Cement Co (3092)?
Riyadh Cement Co reported trailing-twelve-month revenue of about 765M SAR (latest available figure, as of Sep 24, 2026).
Does Riyadh Cement Co pay a dividend?
Riyadh Cement Co currently shows a dividend yield of about 7.71% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Riyadh Cement Co (3092)?
For today's price to be fair in a discounted-cash-flow model, Riyadh Cement Co would have to grow free cash flow by +12.9 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +5.9 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 3092 use?
Our models discount Riyadh Cement Co at 10.3 %: a base by market capitalisation (small), damped by beta 0.24, country premium for Saudi Arabia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Riyadh Cement Co that is +12.9 % per year a year over ten years, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has Riyadh Cement Co (3092) delivered so far?
Over the past 5 years revenue at Riyadh Cement Co grew +5.9 % a year. The price currently implies +12.9 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Riyadh Cement Co (3092) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Riyadh Cement Co (+12.9 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Riyadh Cement Co (3092)?
The free-cash-flow yield on the price is 4.46 %: that much free cash flow Riyadh Cement Co produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Riyadh Cement Co (3092)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Riyadh Cement Co it is 20.69 SAR per share (as of Sep 24, 2026), against a price of 20.74 SAR. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Riyadh Cement Co stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 3092 trades above its calculated fair value: price 20.74 SAR, fair value 20.69 SAR, a gap of about −0% (fairly valued). 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 3092?
No. The price is what the market pays today (20.74 SAR); the fair value is what the company's own numbers justify (20.69 SAR). For Riyadh Cement Co the two are 0.0500 SAR per share apart. That gap is exactly why we show both numbers side by side.
How much is Riyadh Cement Co worth?
The market values Riyadh Cement Co at about 2.8B SAR (market capitalisation, as of Sep 24, 2026). Per share that is 20.74 SAR; our models calculate a fair value of 20.69 SAR per share.
What do the bullish and bearish scenarios say about 3092?
Our models span a range for Riyadh Cement Co: cautious scenario 12.88 SAR, base 20.69 SAR, optimistic 31.19 SAR per share (as of Sep 24, 2026, price 20.74 SAR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3092?
Riyadh Cement Co trades at a price-to-earnings ratio of 13.5 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 20.69 SAR is built from several models across several years. Other multiples: P/B 0.4, P/S 1.0, EV/EBITDA 2.3.
How solid is the balance sheet of Riyadh Cement Co (3092)?
Balance-sheet figures for Riyadh Cement Co (as of Sep 24, 2026): return on equity 10.5%, debt of 0.02 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is 3092 from its 52-week high?
Riyadh Cement Co trades at 20.74 SAR, about 27% below its 52-week high of 28.27 SAR and at the low of 20.74 SAR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 20.69 SAR is for.
Which stocks are comparable to Riyadh Cement Co?
From the same area (Basic Materials) we also value CRH plc, Holcim AG, Vulcan Materials Company, UltraTech Cement Limited, 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 Riyadh Cement Co stock attractive at the current price?
The data as of Sep 24, 2026: price 20.74 SAR, calculated fair value 20.69 SAR (−0%), Quality Score 62/100, from 26 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 3092 calculated?
We run Riyadh Cement Co through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 20.69 SAR, 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 13.0 % above its aggregate fair value. Riyadh 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 Riyadh Cement Co (3092)?
The closing price on Sep 24, 2026 was 20.74 SAR. Our model-based fair value is 20.69 SAR, about −0% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Riyadh Cement Co right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (12.88 SAR to 31.19 SAR) leaves room in how you read the outcome.
Key figures of Riyadh Cement Co
How large is the market capitalisation of Riyadh Cement Co (3092)?
The market capitalisation of Riyadh Cement Co is 2.8B SAR (≈ $745M). 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 Riyadh Cement Co (3092)?
The price-to-sales ratio of Riyadh Cement Co is 3.55 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Riyadh Cement Co (3092)?
Earnings per share at Riyadh Cement Co are 1.54 SAR (price ÷ EPS = P/E 13.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Riyadh Cement Co (3092)?
The dividend yield of Riyadh Cement Co is 7.7% (payout 104%). 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 Riyadh Cement Co (3092)?
The net margin of Riyadh Cement Co is 26.4% (fiscal year 2025). 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 Riyadh Cement Co (3092)?
The return on equity (ROE) of Riyadh Cement Co is 10.5% (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 Riyadh Cement Co (3092)?
On an EBIT basis the return on assets of Riyadh Cement Co is 12.1% (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 Riyadh Cement Co (3092)?
The operating margin of Riyadh Cement Co is 27.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Riyadh Cement Co (3092)?
Revenue at Riyadh Cement Co is growing +1.3% versus a year earlier (3y avg +9.6%). 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 Riyadh Cement Co (3092)?
Earnings per share at Riyadh Cement Co are growing −13.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Riyadh Cement Co (3092) hold?
Riyadh Cement Co holds more cash than debt, 60.3M SAR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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