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Riyadh Cement Company (3092) Fair Value & Analysis

Basic Materials · SA · Market cap 2.6B SAR

RC Riyadh Cement Company 3092 · SR
Price20.87 SAR
Fair Value26.60 SAR
Upside+27.5%
Quality62/100
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Mixed Growth
Highly profitable · 25.2% net margin
Low debt · generates free cash flow
7.27% dividend yield
Ranks above peers (11/14)
Wide moat 73/100
Evidence: High Range 18.62 SAR – 34.60 SAR Share as image

Fair value as of: Jul 31, 2026

From 26 valuation models · updated 11 days ago

Share price −9.0% over the past month.

A solid business, screening 27% undervalued on our models.

What matters now

  • Solid quality (62/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (18.62 SAR to 34.60 SAR) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

33.57 SAR 19.77 SAR Fair Value 26.60 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 19.77 SAR – 33.57 SAR · fair‑value band 18.62 SAR – 34.60 SAR · the 20.87 SAR price screens below the 26.60 SAR fair value. Dashed = 300-day average. As of Jul 31, 2026.

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Analysis

Riyadh Cement Company (3092) currently trades at 20.87 SAR, while our model-based Fair Value estimate is 26.60 SAR, implying the stock looks roughly 27.5% undervalued today. The Quality Score stands at 62/100 (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, Riyadh Cement Company generated revenue of 762M SAR at a net margin of 25.2%. Revenue declined 11.3% year over year. It earns a return on equity of 10.6%. The balance sheet holds a net cash position of 60.3M SAR. Fundamentals as of Jul 31, 2026

Our scenario range runs from 18.62 SAR (bear case) to 34.60 SAR (bull case); at 20.87 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 32% 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 27%, 3092 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
Growth DCF 10.44 SAR 15.01 SAR 21.27 SAR 80
Residual Income 13.18 SAR 15.08 SAR 23.18 SAR 76
Rev-Margin DCF 8.09 SAR 12.21 SAR 16.95 SAR 74
All 26 models by family
DCF Models
FCF DCF 10.29 SAR 15.48 SAR 23.04 SAR 38
Owner Earnings 17.16 SAR 25.90 SAR 38.65 SAR 31
5Y Revenue Exit 8.09 SAR 12.13 SAR 17.19 SAR 39
5Y EBITDA Exit 15.59 SAR 26.12 SAR 38.41 SAR 41
5Y P/E Exit 16.41 SAR 27.64 SAR 39.44 SAR 38
10Y Revenue Exit 8.62 SAR 12.44 SAR 17.42 SAR 36
10Y EBITDA Exit 13.49 SAR 21.92 SAR 33.20 SAR 37
10Y P/E Exit 14.00 SAR 22.95 SAR 33.97 SAR 35
Earnings-Based
Graham-Dodd 11.78 SAR 36.17 SAR 48.04 SAR 54
Lynch FV 7.80 SAR 11.14 SAR 14.48 SAR 50
PEG = 1.0 7.80 SAR 11.14 SAR 14.48 SAR 46
EPV 15.17 SAR 17.52 SAR 19.54 SAR 59
Dividend Discount
Gordon GGM 19.93 SAR 39.71 SAR 60.13 SAR 70
DDM Multi-Stage 19.93 SAR 32.19 SAR 41.91 SAR 61
Multiples
P/E Multiple 22.08 SAR 29.44 SAR 36.80 SAR 63
P/S Multiple 7.38 SAR 9.85 SAR 12.31 SAR 58
P/B Multiple 22.08 SAR 29.44 SAR 36.80 SAR 55
EV/EBIT 19.38 SAR 25.75 SAR 32.12 SAR 53
EV/EBITDA 20.92 SAR 27.80 SAR 34.67 SAR 54
EV/Revenue 7.17 SAR 10.13 SAR 13.08 SAR 43
Asset-Based
NCAV (Graham) 7.16 SAR 9.59 SAR 14.32 SAR 50
Growth DCF
Growth DCF 10.44 SAR 15.01 SAR 21.27 SAR 80
Rev-Margin DCF 8.09 SAR 12.21 SAR 16.95 SAR 74
Economic Profit
Residual Income 13.18 SAR 15.08 SAR 23.18 SAR 76
ROIC Compounder 15.38 SAR 19.07 SAR 23.62 SAR 72
Growth Earnings
Growth-Adj P/E 18.62 SAR 26.60 SAR 34.58 SAR 68

Widest divergence: Dividend Discount (32.19 SAR) versus Asset-Based (9.59 SAR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 762M SAR
Revenue growth (YoY) -11.3%
Net margin 25.2%
Return on equity 10.6%
Free cash flow 112M SAR FY2025
P/E ratio 13.7
More key figures
Operating margin 30.9%
EPS (TTM) 1.60 SAR
Dividend yield 7.3%
EPS growth (YoY) -20.4%
Net cash 60.3M SAR FY2025

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

Quality Score breakdown

Overall quality 62/100

Of which business quality 60 · Market factors (momentum, volatility) 37

Profitability 53
Margins and returns on capital today
Quality Growth 15
Are margins and returns improving?
Cashflow 57
Earnings quality: real cash, not paper profit
Fin. Strength 82
Balance sheet, leverage, solvency risk
Investment 71
Disciplined investing over empire-building
Low Volatility 95
Calm price path (market factor)
Momentum 20
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 77
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

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.

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Riyadh Cement Company 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.

Growth Quality 61/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
788M 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.
+9.6%
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.
+5.9%
Avg. growth/yr (9Y) 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.
−0.2%
Revenue +4.1%/yr
FY21 671M SAR
FY22 598M SAR
FY23 643M SAR
FY24 789M SAR
FY25 788M SAR
Net income −0.7%/yr
FY21 214M SAR
FY22 190M SAR
FY23 189M SAR
FY24 310M SAR
FY25 208M SAR

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Cite: Fair Value Calculator (2026). "Riyadh Cement Company Fair Value". https://www.fairvalue-calculator.com/stock/3092

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 62 · Top 25%
Fair Value upside +28% · Above median
Return on equity (TTM) 11% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 25% · Top 25%
Operating margin (TTM) 31% · Top 25%
Revenue growth -11% · Bottom 25%
Dividend yield (TTM) 7.3% · Top 25%
Debt / equity 0.02× · Lower than 75% of peers

Valuation Multiples vs Building Materials median · lower = cheaper

P/E (TTM) 13.7× · Cheaper than median
P/B 0.41× · Cheaper than median
P/S (TTM) 0.92× · Pricier than median
P/FCF 6.3× · 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 70 · sector 27
FUTURE 0 · sector 2
PAST 42 · sector 15
HEALTH 99 · 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 Riyadh Cement Company (3092) overvalued or undervalued?
As of Jul 31, 2026, our model estimates a fair value of 26.60 SAR versus a price of 20.87 SAR, about +27% (undervalued).
What is the fair value of 3092?
Our model-based fair value for Riyadh Cement Company is 26.60 SAR (as of Jul 31, 2026), built from audited fundamentals. The current price is 20.87 SAR.
What is the quality score of 3092?
Riyadh Cement Company 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 revenue of Riyadh Cement Company (3092)?
Riyadh Cement Company reported trailing-twelve-month revenue of about 762M SAR (latest available figure, as of Jul 31, 2026).
What is the net profit margin of 3092?
The net profit margin of Riyadh Cement Company is about 25.2%, meaning it keeps roughly 25.2% of revenue as net income. Based on the latest reported figures.
Does Riyadh Cement Company pay a dividend?
Riyadh Cement Company currently shows a dividend yield of about 7.27% 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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