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BUACEMENT

DANGCEM Stock Pitch – by Fatai Aminat Ajiun

By Aminat Ajiun FataiPosted on Posted in Business & FinanceTagged , , , , , No Comments on DANGCEM Stock Pitch – by Fatai Aminat Ajiun

All forecasted indices highlighted on Dangote Cement Plc. pointed towards growth as it had been since its commencement of business. Though the major risk the company is exposed to are exchange rate fluctuations and interest rates which are beyond the control of the company, a BUY is highly recommended for Dangote Cement Plc. as it has been indicated and believed that the company will continue to grow into the foreseeable future. Our blended target price of N312/share points to a 13% upside compared to the last closing price of N277/share (7th June 2022).

BUACEMENT: A Dive into Company Performance and Financial Analysis

By Jude NwaonuPosted on Posted in Business & FinanceTagged , , , , , , , No Comments on BUACEMENT: A Dive into Company Performance and Financial Analysis

We issue a sell recommendation on BUA Cement PLC(BUACEMENT.NSE) Based on a target price of ₦58.6k representing a 13% downside on the closing price of ₦70.75 as of march 30th, 2022. Our valuation is based on a methodology mix of Discounted cash flow model (70%), Dividend discount model (10%) and Multiples valuation (20%).

Nigeria’s Cement Industry in 2020: The Boom Amidst the Burst

By Fawaz AyobamiPosted on Posted in Business & FinanceTagged , , , , , , No Comments on Nigeria’s Cement Industry in 2020: The Boom Amidst the Burst

Dangote cement plc reported a 23% Return on Invested Capital (ROIC), which overshot its nearest competitor (BUA) by 600bps. Lafarge came in a distant third with an ROIC of 6%. We, however, note the gradual increase in Lafarge’s performance over the last five years as it continues to grow its ROIC from the 1% it reported in 2016. We believe this continued uptrend in its performance is hinged on the selloff of its South Africa operations, a strategic action that has continued to impact performance favourably.

[INFOGRAPHICS] H1’20 Top and Bottom Line of Cement Companies in Nigeria

By Abdulazeez KurangaPosted on Posted in AnalyticsTagged , , , , , , , No Comments on [INFOGRAPHICS] H1’20 Top and Bottom Line of Cement Companies in Nigeria

Nigerian cement companies recorded aggregate growth in their revenues and net income for the half year ended Jun’2020. From our analysis, we highlight that cement volumes actually declined for the companies during the period compared to H1’19 and this is as a result of the social distancing lockdown measures (particularly in April) initiated to combat […]

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