Company Valuation: Dangote Cement Plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,369,079 4,403,999 5,359,014 8,020,932 10,202,062 19,348,738 - -
Change - 0.8% 21.69% 49.67% 27.19% 89.66% - -
Enterprise Value (EV) 1 4,617,397 4,855,802 5,359,014 10,234,842 10,994,886 19,715,498 19,213,498 18,878,478
Change - 5.16% 10.36% 90.98% 7.43% 79.32% -2.55% -1.74%
P/E 12.1x 11.7x - 16.1x 10.2x 15x 13.3x 11.7x
PBR 4.53x 4.18x 3.17x 3.78x 4.05x 6.13x 5.03x 4.42x
PEG - 2.41x - - 0x 0.5x 1x 0.9x
Capitalization / Revenue 3.16x 2.72x 2.43x 2.24x 2.37x 4x 3.54x 3.11x
EV / Revenue 3.34x 3x 2.43x 2.86x 2.55x 4.07x 3.52x 3.04x
EV / EBITDA 6.74x 6.86x 6.05x 7.41x 5.55x 8.55x 7.55x 6.64x
EV / EBIT 7.93x 8.29x 7.3x 8.88x 6.23x 9.48x 8.32x 7.27x
EV / FCF 10.5x 15.5x 9.95x 25.1x 12.9x 19x 13.5x 11.1x
FCF Yield 9.49% 6.45% 10% 3.98% 7.73% 5.27% 7.39% 9.04%
Dividend per Share 2 20 20 30 30 45 60 75 92.9
Rate of return 7.78% 7.66% 9.38% 6.27% 7.39% 5.19% 6.49% 8.04%
EPS 2 21.24 22.27 - 29.74 59.86 77 86.77 98.66
Distribution rate 94.2% 89.8% - 101% 75.2% 77.9% 86.4% 94.2%
Net sales 1 1,383,637 1,618,323 2,208,090 3,580,550 4,306,704 4,842,126 5,465,236 6,212,257
EBITDA 1 684,595 708,238 886,129 1,382,016 1,981,134 2,304,807 2,543,768 2,842,912
EBIT 1 582,491 585,876 734,267 1,152,042 1,765,277 2,079,766 2,308,422 2,598,262
Net income 1 361,008 375,988 445,214 498,192 1,002,847 1,297,876 1,461,552 1,662,788
Net Debt 1 248,318 451,803 - 2,213,910 792,824 366,760 -135,240 -470,260
Reference price 2 257.00 261.00 319.90 478.80 609.00 1,155.00 1,155.00 1,155.00
Nbr of stocks (in thousands) 17,000,307 16,873,559 16,752,155 16,752,155 16,752,155 16,752,155 - -
Announcement Date 01/03/22 27/02/23 01/03/24 01/03/25 28/02/26 - - -
1NGN in Million2NGN
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15x4.07x8.55x5.19% 14.24B
21.94x2.93x11.52x2.38% 54.06B
25.17x3.46x12.52x-.--% 14.78B
11.14x0.55x2.42x4.52% 13.7B
10.08x1.57x5.89x1.61% 9.95B
51.67x4.24x19.24x0.54% 9.55B
28x10.15x19.18x3.44% 9.42B
16.39x3.52x10.97x0.45% 6.6B
26.4x1.17x5.14x3.46% 5.84B
11.18x1.23x4.89x3.31% 5.07B
Average 21.70x 3.29x 10.03x 2.49% 14.32B
Weighted average by Cap. 21.65x 3.23x 10.56x 2.5%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. DANGCEM Stock
  4. Valuation Dangote Cement Plc
LAST HOURS | 40% Discount: The Best Subscriber-Only Tools to Unlock Hidden Opportunities!
d
:
:
SEIZE THE OFFER!