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Dangote Cement Valuation Multiples
Discover revenue and EBITDA valuation multiples for Dangote Cement and similar public comparables like Watts, IES Holdings, Stanley Black & Decker, Owens-Corning and more.
Dangote Cement Overview
About Dangote Cement
Dangote Cement PLC is a cement manufacturer. It manufactures and markets cement and related products through its 'Dangote' brand. The principal activity of the Company and its subsidiaries is to operate plants for the preparation, manufacture and distribution of cement and related products. The Companyβs production activities are undertaken at Obajana town in Kogi State, Gboko in Benue State and Ibese in Ogun State; all in Nigeria. Its geographical segment includes Nigeria and Pan Africa. The company derives a majority of revenue from Nigeria segment.
Founded
1992
HQ

Employees
21.0K
Website
Financials (LTM)
EV
$11B
Dangote Cement Financials
Dangote Cement reported last 12-month revenue of $3B and EBITDA of $2B.
In the same LTM period, Dangote Cement generated $2B in gross profit, $2B in EBITDA, and $833M in net income.
Revenue (LTM)
Dangote Cement P&L
In the most recent fiscal year, Dangote Cement reported revenue of $3B and EBITDA of $2B.
Dangote Cement expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $3B | XXX | $3B | XXX | XXX | XXX |
| Gross Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Margin | 62% | XXX | 62% | XXX | XXX | XXX |
| EBITDA | $2B | XXX | $2B | XXX | XXX | XXX |
| EBITDA Margin | 47% | XXX | 49% | XXX | XXX | XXX |
| EBIT Margin | 41% | XXX | 41% | XXX | XXX | XXX |
| Net Profit | $833M | XXX | $746M | XXX | XXX | XXX |
| Net Margin | 25% | XXX | 23% | XXX | XXX | XXX |
| Net Debt | β | β | $508M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Dangote Cement Stock Performance
Dangote Cement has current market cap of $10B, and enterprise value of $11B.
Market Cap Evolution
Dangote Cement's stock price is $0.60.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $11B | $10B | 0.5% | XXX | XXX | XXX | $0.04 |
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Start Free TrialDangote Cement Valuation Multiples
Dangote Cement trades at 3.2x EV/Revenue multiple, and 6.7x EV/EBITDA.
EV / Revenue (LTM)
Dangote Cement Financial Valuation Multiples
As of April 17, 2026, Dangote Cement has market cap of $10B and EV of $11B.
Equity research analysts estimate Dangote Cement's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Dangote Cement has a P/E ratio of 12.1x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $10B | XXX | $10B | XXX | XXX | XXX |
| EV (current) | $11B | XXX | $11B | XXX | XXX | XXX |
| EV/Revenue | 3.2x | XXX | 3.3x | XXX | XXX | XXX |
| EV/EBITDA | 6.7x | XXX | 6.8x | XXX | XXX | XXX |
| EV/EBIT | 7.6x | XXX | 8.1x | XXX | XXX | XXX |
| EV/Gross Profit | 5.1x | XXX | 5.3x | XXX | XXX | XXX |
| P/E | 12.1x | XXX | 13.5x | XXX | XXX | XXX |
| EV/FCF | 10.8x | XXX | 10.7x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Dangote Cement Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Dangote Cement Margins & Growth Rates
Dangote Cement's revenue in the last 12 month grew by 20%.
Dangote Cement's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.0M for the same period.
Dangote Cement's rule of 40 is 70% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Dangote Cement's rule of X is 101% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Dangote Cement Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 20% | XXX | 21% | XXX | XXX | XXX |
| EBITDA Margin | 47% | XXX | 49% | XXX | XXX | XXX |
| EBITDA Growth | 26% | XXX | 23% | XXX | XXX | XXX |
| Rule of 40 | β | XXX | 70% | XXX | XXX | XXX |
| Bessemer Rule of X | β | XXX | 101% | XXX | XXX | XXX |
| Revenue per Employee | β | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | β | XXX | $0.0M | XXX | XXX | XXX |
| S&M Expenses to Revenue | β | XXX | 13% | XXX | XXX | XXX |
| G&A Expenses to Revenue | β | XXX | 3% | XXX | XXX | XXX |
| Opex to Revenue | β | XXX | 21% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Dangote Cement Public Comps
See public comps and valuation multiples for other Building Products comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Dangote Cement | XXX | XXX | XXX | XXX | XXX | XXX |
| Watts | XXX | XXX | XXX | XXX | XXX | XXX |
| IES Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Stanley Black & Decker | XXX | XXX | XXX | XXX | XXX | XXX |
| Owens-Corning | XXX | XXX | XXX | XXX | XXX | XXX |
| SPX Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Dangote Cement M&A Activity
Dangote Cement acquired XXX companies to date.
Last acquisition by Dangote Cement was on XXXXXXXX, XXXXX. Dangote Cement acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Dangote Cement
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialDangote Cement Investment Activity
Dangote Cement invested in XXX companies to date.
Dangote Cement made its latest investment on XXXXXXXX, XXXXX. Dangote Cement invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Dangote Cement
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Dangote Cement
| When was Dangote Cement founded? | Dangote Cement was founded in 1992. |
| Where is Dangote Cement headquartered? | Dangote Cement is headquartered in Nigeria. |
| How many employees does Dangote Cement have? | As of today, Dangote Cement has over 21K employees. |
| Is Dangote Cement publicly listed? | Yes, Dangote Cement is a public company listed on Nigerian Exchange. |
| What is the stock symbol of Dangote Cement? | Dangote Cement trades under DCP ticker. |
| Who are competitors of Dangote Cement? | Dangote Cement main competitors are Watts, IES Holdings, Stanley Black & Decker, Owens-Corning. |
| What is the current market cap of Dangote Cement? | Dangote Cement's current market cap is $10B. |
| What is the current revenue of Dangote Cement? | Dangote Cement's last 12 months revenue is $3B. |
| What is the current revenue growth of Dangote Cement? | Dangote Cement revenue growth (NTM/LTM) is 20%. |
| What is the current EV/Revenue multiple of Dangote Cement? | Current revenue multiple of Dangote Cement is 3.2x. |
| Is Dangote Cement profitable? | Yes, Dangote Cement is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Dangote Cement? | Dangote Cement's last 12 months EBITDA is $2B. |
| What is Dangote Cement's EBITDA margin? | Dangote Cement's last 12 months EBITDA margin is 47%. |
| What is the current EV/EBITDA multiple of Dangote Cement? | Current EBITDA multiple of Dangote Cement is 6.7x. |
| What is the current FCF of Dangote Cement? | Dangote Cement's last 12 months FCF is $984M. |
| What is Dangote Cement's FCF margin? | Dangote Cement's last 12 months FCF margin is 29%. |
| What is the current EV/FCF multiple of Dangote Cement? | Current FCF multiple of Dangote Cement is 10.8x. |
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