Twiga Cement Plc: Valuation Report 2023
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Based on the research we’ve performed on Twiga Cement, we have come to conclude that the company’s shares are slightly undervalued by 2.96% with an intrinsic value of TZS 4,509.79.
The company’s future financial prospects are anticipated to remain strong due to efforts made by the country to industrialize and a rising population. Both factors will cause the demand for construction and infrastructure to remain high in the future.
The company’s ability to deliver high-quality cement products and maintain a customer centric approach towards doing business has been the reason to why the company has retained its position with the leading market share in Tanzania’s cement industry.
However intense competition in the cement industry is a poses a challenge to Twiga’s capability to maintain its leading market position and despite consistently being market leader, the company’s market share has slowly been declining over recent years.
For more insights read the valuation report below.
