3002.SR
Hot AirNajran Cement Company · Basic Materials · Saudi Arabia · $228M cap · $803K/day traded
SAR 5.19 +0.6% · close 5 Nov · scored 7 Nov
Hot Air: Strong momentum and nothing else: weak business, rich price.
As of 7 Nov 2026, the MoatMap Score for Najran Cement Company (3002.SR) is 54/100, ranked against 25,000+ stocks in 38 markets (Quality 44, Value 44, Momentum 61, each scored against its sector).
Does the score work? Each tenth of the ranking, tracked monthly. See the record →
ABOUT NAJRAN CEMENT COMPANY
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Najran Cement Company engages in the manufacture and sale of cement products in the Kingdom of Saudi Arabia. The company offers ordinary Portland cement, sulfate-resistant Portland cement, Portland pozzolanic cement, and plastering cement. It also engages in the transportation of goods.
FINANCIAL SUMMARY (SAR)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 535.7M | 485.7M | 534.5M | 516.1M | -1.2% | 519.1M | 496.0M | 511.0M | -0.5% |
| EPS (SAR) | 0.66 | 0.32 | 0.40 | 0.22 | -30.7% | 0.17 | 0.14 | 0.20 | -4.7% |
| Shares | 170.0M | 170.0M | 170.0M | 164.8M | -3.1% | 164.8M | — | — | — |
| Debt | 282.7M | 340.8M | 299.4M | 262.5M | -2.4% | 299.1M | — | — | — |
| Equity | 2.0B | 2.0B | 2.0B | 2.0B | 1.2% | — | — | — | — |
| Op CF | 96.6M | 115.4M | 104.5M | 83.5M | -4.7% | 49.0M | — | — | — |
| Inv CF | -54.3M | -153.2M | -63.0M | -12.6M | — | — | — | — | — |
| Fin CF | -85.0M | 14.5M | -41.1M | -80.7M | — | — | — | — | — |
Made a new 52-week low 9 trading days ago, 31% below its 52-week high. The fall has not stopped yet.
The Momentum score still reads 61: it looks back six months, so it has not caught up with this fall.
Calmer than 94% of stocks we rank over the past year (volatility 18% a year).
How this is worked out
The MoatMap Score weighs the business, its price and its trend. The price check reads only the chart: the price side of the Momentum score, in words.
The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn (the Turning up rule above) cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: how much the price moved day to day over the past year, scaled to a yearly figure (annualised volatility) and ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Basic Materials, ranked by industry match, size, and score similarity. Cross-listings of 3002.SR are excluded.
| Ticker | Company | Mkt Cap | Score |
|---|---|---|---|
| 3002.SR | Najran Cement Company(you) | $228M | 54 |
| 9583.SR | United Mining Industries Company | $198M | 50 |
| 3090.SR | Tabuk Cement Company | $136M | 53 |
| 3004.SR | Northern Region Cement Company | $295M | 65 |
| 9514.SR | Mohammed Hasan AlNaqool Sons Co. | $94M | 61 |
| 3050.SR | Southern Province Cement Company | $611M | 39 |
| 3003.SR | City Cement Company | $358M | 83 |
| 3091.SR | Al Jouf Cement Company | $122M | 28 |
| 3005.SR | Umm Al-Qura Cement Company | $143M | 84 |
| 3010.SR | Arabian Cement Company | $477M | 83 |
Peer medians: ROE 8.1% · P/E 16.7x · Gross margin 22.5%
Company Deep Dive
A 10,000-word report: the business and its segments, what management promised on earnings calls and whether it delivered, the competition, and how things could turn out.