Kuwait Corporate Fact Sheet

Kuwait Portland Cement Co. Fact Sheet
Industrial Sector
Reuters Code: PCEM.KW Current Price (KD) : 1.000
Key Facts
KAMCO Research
June 22, 2008
KD '000 2003 2004 2005 2006 2007
Cash & Cash Equivalents 11,517 8,147 7,026 8,919 4,140
Accounts Receivable & Other Debit Balances 1,734 5,078 7,172 5,829 5,937
Inventories 2,521 1,857 2,244 1,227 1,302
Held For Trading Investments 6,312 5,950 14,418 18,926 27,906
Available For Sale Investments 20,799 20,316 18,425 25,388 35,709
Investment in Unconsolidated Subsidiaries 1,662 3,379 4,294 4,294 4,294
Property, Plant & Equipment 1,739 2,876 5,971 5,340 4,841
Total Assets 46,285 47,603 59,550 69,923 84,129
Bank Loans 0 0 1,748 2,029 1,880
Accounts Payable & Other Credit Balances 2,575 1,872 4,045 2,068 3,282
Other Liabilities 469 517 651 743 804
Total Liabilities 3,044 2,389 6,444 4,840 5,966
Equity 43,241 45,215 53,106 65,083 78,163
Sales 21,440 36,750 46,661 56,480 29,531
Cost of Sales 14,484 30,327 41,336 48,058 26,038
Gross Profit 6,956 6,424 5,325 8,423 3,493
Operating Expenses 1,835 2,043 2,856 3,352 4,094
Operating Profit 5,121 4,381 2,469 5,070 (601)
Investment Income 10,350 1,187 15,495 2,455 9,721
Other Income 352 926 1,042 1,727 2,213
Other Expenses 677 421 604 438 505
Net Profit
Key Ratios
15,146 6,073 18,402 8,815 10,828
2003 2004 2005 2006 2007
Return On Assets 32.7% 12.8% 30.9% 12.6% 12.9%
Return On Equity 35.0% 13.4% 34.7% 13.5% 13.9%
Gross Profit Margin 32.4% 17.5% 11.4% 14.9% 11.8%
Operating Profit Margin 23.9% 11.9% 5.3% 9.0% NM
Net Profit Margin 70.6% 16.5% 39.4% 15.6% 36.7%
Current Ratio (X) 8.58
11.24
7.63
16.88
11.97
Quick Ratio (X) 7.60
10.24
7.07
16.28
11.57
Equity / Total Assets 93.4% 95.0% 89.2% 93.1% 92.9%
Historical Share Data YTD
2004 2005 2006 2007 22-Jun-08
Market Capitalization (KD thousand) 105,894 78,705 93,159 88,651 82,640
Closing Share Price (KD) 1.480 1.100 1.240 1.180 1.000
Highest price for the period (KD) 2.200 1.620 1.400 1.860 1.420
Lowest price for the period (KD) 1.220 1.000 0.830 1.000 0.980
Volume (Shares thousand) 21,423 13,285 7,305 115,940 28,465
Value (KD thousand) 36,863 16,789 8,406 172,838 33,055
No. of Trades 3,145 2,179 1,005 10,139 4,250
EPS (KD) 0.085 0.245 0.117 0.144 0.144
Book Value Per Share (KD) 0.632 0.742 0.866 1.040 1.040
Dividend Per Share (KD) 0.100 0.050 0.100 0.060 NA
Price to Earnings Multiple (X) #
11.78 4.08 8.52 6.94 6.94
Price to Book Value Multiple (X) #
1.58 1.35 1.15 0.96 0.96
Dividend Yield (%) #
10.00 5.00 10.00 6.00 6.00
KD
1.900
1.800
1.700
1.600
1.500
1.400
1.300
1.200
1.100
1.000
0.900
52-Week Price Chart Rel. to KAMCO TRW Index
PCEM 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
YTD: Beginning of year to date
#
: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