Valuation Dangote Cement Plc

Stocks

DANGCEM

NGDANGCEM008

Construction Materials

End-of-day quote Nigerian S.E. Other stock markets 11/06/2026			5-day change	1st Jan Change
1,155.00 ^NGN	0.00%		-2.12%	+89.66%

12/06	Speculative Fever Grips the Nigerian Stock Market
13/05	Dangote Cement in early talks over potential London listing	RE

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	43,69,079	44,03,999	53,59,014	80,20,932	1,02,02,062	1,93,48,738	-	-
Change	-	0.8%	21.69%	49.67%	27.19%	89.66%	-	-
Enterprise Value (EV) ¹	46,17,397	48,55,802	53,59,014	1,02,34,842	1,09,94,886	1,97,15,498	1,92,13,498	1,88,78,478
Change	-	5.16%	10.36%	90.98%	7.43%	79.32%	-2.55%	-1.74%
P/E Ratio	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	13,83,637	16,18,323	22,08,090	35,80,550	43,06,704	48,42,126	54,65,236	62,12,257
EBITDA ¹	6,84,595	7,08,238	8,86,129	13,82,016	19,81,134	23,04,807	25,43,768	28,42,912
EBIT ¹	5,82,491	5,85,876	7,34,267	11,52,042	17,65,277	20,79,766	23,08,422	25,98,262
Net income ¹	3,61,008	3,75,988	4,45,214	4,98,192	10,02,847	12,97,876	14,61,552	16,62,788
Net Debt ¹	2,48,318	4,51,803	-	22,13,910	7,92,824	3,66,760	-1,35,240	-4,70,260
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)	1,70,00,307	1,68,73,559	1,67,52,155	1,67,52,155	1,67,52,155	1,67,52,155	-	-
Announcement Date	01/03/22	27/02/23	01/03/24	01/03/25	28/02/26	-	-	-

¹NGN in Million²NGN

Estimates

P/E Ratio, Detailed evolution

Sector Comparison:

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
DANGOTE CEMENT PLC	15x	4.07x	8.55x	5.19%	1.42TCr
HOLCIM LTD	21.11x	2.83x	11.14x	2.47%	5.18TCr
ANHUI CONCH CEMENT COMPANY LIMITED	11.43x	0.58x	2.54x	4.41%	1.4TCr
JAMES HARDIE INDUSTRIES PLC	23.4x	3.26x	11.83x	-.--%	1.37TCr
BUZZI SPA	9.7x	1.5x	5.63x	1.67%	956.01Cr
BUA CEMENT PLC	28x	10.15x	19.18x	3.44%	941.04Cr
SHREE CEMENT LIMITED	50.03x	4.09x	18.56x	0.56%	917.67Cr
EAGLE MATERIALS INC.	16.54x	3.54x	11.05x	0.44%	666.16Cr
TCC GROUP HOLDINGS CO., LTD.	26.4x	1.17x	5.14x	3.46%	583.93Cr
HUAXIN BUILDING MATERIALS GROUP CO., LTD.	11.19x	1.23x	4.89x	3.3%	505.37Cr
Average	21.28x	3.24x	9.85x	2.5%	1.4TCr
Weighted average by Cap.	20.97x	3.17x	10.25x	2.56%