The Nigerian Stock Exchange (NSE) has declined sharply in the last one week, due to both domestic and emerging market concerns. The bear markets, however, provide an opportunity for fundamental investors to pick stocks currently trading at a year low.
Cement giant, Dangote Cement Plc is currently trading at a year low.
*Nairametrics benchmark for a blue-chip stock is one with annual revenues of at least N130 billion.
Year High: N278
Year Low: N214
Year to Date: -6.96%
One Year Return: 4.21%
Price Earnings Ratio: 21.84X
Price to Book ratio: 5
Results for the half year ended June 2018, show that revenue increased from N412 billion in 2017 to N482 billion in 2018. Profit before tax also increased from N155 billion in 2017 to N185 billion in 2018. Profit after tax also rose from N109 billion in 2017 to N113 billion in 2018.
About the company
Dangote Cement Plc was incorporated in Nigeria as a public limited liability company on 4th November 1992 and commenced operations in January 2007 under the name Obajana Cement Plc. The name was changed on 14th July 2010 to Dangote Cement Plc.
The company is currently the most capitalised on the Nigerian Stock Exchange, with a market capitalisation of N3.6 trillion as at yesterday’s trading session. This amounts to 28.1% of the total market capitalisation on the NSE.