Kuwait Corporate Fact Sheet

Kuwait Cement Co. Fact Sheet
Industrial Sector
Reuters Code: KCEM.KW Current Price (KD) : 1.460
Key Facts
KAMCO Research
June 22, 2008
KD '000 2003 2004 2005 2006 2007
Cash & Cash Equivalents 604
4,516
6,575
8,358
17,143
Accounts Receivable & Other Debit Balances 4,241
7,014
8,963
9,178
9,900
Inventories 6,832
13,497
23,135
14,207
13,669
Investments 85,135
91,866
190,517
228,719
315,983
Property, Plant & Equipment 39,020
35,525
25,851
25,864
8,430
Other Assets 1,873 0 0 0 0
Total Assets 137,706 152,419 255,041 286,325 365,125
Accounts Payable & Other Credit Balances 10,466
8,431
9,474
7,874
9,174
Total Loans & Bank Facilities 25,737
32,856
40,638
54,698
51,950
Other Liabilities 1,199
1,351
1,230
1,290
1,291
Total Liabilities 37,402 42,638 51,342 63,863 62,414
Equity 100,303 109,780 203,700 222,463 302,711
Sales 33,486
54,086
63,484
72,298
82,432
Cost of Sales 25,331 37,544 46,045 46,150 54,004
Gross Profit 8,155 16,541 17,440 26,149 28,429
Other Operating Income 129 169 279 2,833 2,366
Operating Expenses 2,368 2,763 9,015 2,206 15,899
Operating Profit 5,917 13,948 8,704 26,775 14,895
Other Income 15,395 7,303 32,208 17,637 44,990
Other Expenses 1,971 1,949 3,153 4,144 5,082
Net Profit
Key Ratios
19,340 19,302 37,759 40,268 54,803
2003 2004 2005 2006 2007
Return On Assets 14.0% 12.7% 14.8% 14.1% 15.0%
Return On Equity 19.3% 17.6% 18.5% 18.1% 18.1%
Gross Profit Margin 24.4% 30.6% 27.5% 36.2% 34.5%
Operating Profit Margin 17.7% 25.8% 13.7% 37.0% 18.1%
Net Profit Margin 57.8% 35.7% 59.5% 55.7% 66.5%
Total Debt / Equity 25.7% 29.9% 19.9% 24.6% 17.2%
Historical Share Data YTD
2004 2005 2006 2007 22-Jun-08
Market Capitalization (KD thousand) 294,063 467,108 566,071 660,997 804,213
Closing Share Price (KD) 0.780 1.180 1.300 1.380 1.460
Highest Price for the Period (KD) 0.830 1.520 1.400 1.480 1.880
Lowest Price for the Period (KD) 0.500 0.730 0.700 1.040 1.260
Volume (Shares thousand) 117,785 36,830 9,390 31,785 14,748
Value (KD thousand) 71,854 34,295 10,742 41,824 22,397
No. of Trades 4,086 2,585 993 2,352 1,075
EPS (KD) 0.049 0.088 0.086 0.118 0.118
Book Value Per Share (KD) 0.292 0.524 0.522 0.649 0.649
Dividend Per Share (KD) 0.030 0.050 0.060 0.065 NA
Price to Earnings Multiple (X) #
29.84 16.66 17.03 12.42 12.42
Price to Book Value Multiple (X) #
5.00 2.79 2.80 2.25 2.25
Dividend Yield (%) #
2.05 3.42 4.11 4.45 4.45
KD
1.875
1.800
1.725
1.650
1.575
1.500
1.425
1.350
1.275
1.200
52-Week Price Chart Rel. to KAMCO TRW Index
KCEM KAMCO TRW Index
24.6.07
8.7.07
22.7.07
5.8.07
19.8.07
2.9.07
16.9.07
30.9.07
14.10.07
28.10.07
11.11.07
25.11.07
9.12.07
23.12.07
6.1.08
20.1.08
3.2.08
17.2.08
2.3.08
16.3.08
30.3.08
13.4.08
27.4.08
11.5.08
25.5.08
8.6.08
22.6.08
Index
4,800
4,700
4,600
4,500
4,400
4,300
4,200
4,100
4,000
NA: Not Applicable, NM: Not Meaningful
#
:Historical P/E, P/B & Yield are based on
current price & historical earning per share,
book value per share & dividend per share
Investment Research Department
KIPCO Asset Management Co.K.S.C.C
KAMCO
P.O.Box: 28873 Safat 13149 Kuwait
Email : kamco_research@kamconline.com