Tabuk Cement Company SJSC
Tabuk Cement Company SJSC produces and distributes cement and construction materials in Saudi Arabia, generating revenue primarily through the sale of cement to construction and infrastructure projects.
Business. Tabuk Cement Company SJSC (3090.SE) is a Saudi Arabian construction materials manufacturer listed on the Tadawul stock exchange. The company operates within the Basic Materials sector, specifically focusing on the production of cement and related mineral resources. As no specific operating segments or geographic breakdowns are provided, the firm is described at the industry level as a participant in the regional cement market. Its primary business activity involves the extraction and processing of raw materials to produce construction-grade products.
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1 analysts · consensus HoldAt a glance
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
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- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
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Synthesis
Tabuk Cement Company SJSC (3090.SE) is a Saudi Arabian construction materials manufacturer listed on the Tadawul stock exchange. The company operates within the Basic Materials sector, specifically focusing on the production of cement and related mineral resources. As no specific operating segments or geographic breakdowns are provided, the firm is described at the industry level as a participant in the regional cement market. Its primary business activity involves the extraction and processing of raw materials to produce construction-grade products.
Tabuk Cement maintains a strong capital structure with a debt-to-equity ratio of 0.03, indicating minimal leverage and a conservative financing approach. The company's liquidity position is characterized as medium, with a current ratio of 1.53, suggesting it can cover short-term obligations but lacks significant cash reserves. Notably, the company has no cash and equivalents on its balance sheet, and its net cash position is negative after subtracting total debt.
Profitability metrics show a return on equity (ROE) of 3.19% and a return on assets (ROA) of 2.63%, both below the industry median for Construction Materials firms. This suggests that the company is underperforming in terms of asset utilization and shareholder returns. Gross profit of SAR 63.8 million and operating income of SAR 44.1 million reflect a relatively narrow margin structure, which is typical for the industry but leaves little room for volatility.
The company's revenue is concentrated in a single geographic market, Saudi Arabia, with no disclosed international operations. This lack of diversification increases exposure to local economic and regulatory risks. No segment-specific revenue breakdown is available, but the company operates as a single business unit focused on cement production and distribution.
Growth prospects for the current fiscal year are modest, with no significant revenue acceleration expected. The company's capital expenditure of SAR 12.9 million in the latest period indicates ongoing investment in operations, but the scale is relatively small compared to revenue. Analysts have assigned a neutral outlook, with a mean recommendation of 3.00 (Hold), and all price targets are clustered at SAR 9.00, suggesting limited upside potential.
Risk factors include liquidity constraints, as the company has no cash and equivalents and a negative net cash position. The risk of dilution is assessed as low, with no recent share issuance or shelf registration activity reported. However, the company's reliance on a single market and limited cash reserves could become problematic in a downturn.
No recent filings or transcripts have been disclosed that would indicate material changes in strategy, operations, or risk exposure. The company appears to be maintaining a stable but conservative operational profile, with no significant new initiatives or capital projects announced.
- Tabuk Cement has a low debt-to-equity ratio of 0.03, indicating a conservative capital structure.
- ROE of 3.19% and ROA of 2.63% suggest underperformance relative to industry peers.
- The company has no cash and equivalents and a negative net cash position, raising liquidity concerns.
- Revenue is entirely concentrated in Saudi Arabia, increasing geographic risk.
- Analysts have assigned a neutral outlook with a mean recommendation of Hold and a price target of SAR 9.00.
- No recent events or strategic changes have been disclosed.
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- Net cash is negative after subtracting total debt.
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Physical assets
4 tracked| Asset | Type | Commodity | Country | Role |
|---|---|---|---|---|
| Duba Cement Plant | Cement plant | Cement | Saudi Arabia | Parent |
| Duba Cement Plant | Cement plant | Cement | Saudi Arabia | Registered owner |
| Tabuk Cement power plant | Power | Power | Saudi Arabia | Parent |
| Tabuk Cement power plant | Power | Power | Saudi Arabia | Registered owner |
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- Tabuk Cement Company SJSC Market data — financials · 2026-05-26
- Tabuk Cement Company SJSC Market data — analyst estimates · 2026-05-26