Dangote Cement Plc stands as one of the most influential companies on the Nigerian Exchange (NGX) and Africa’s largest cement producer by capacity. In 2026 the stock has delivered strong returns, reflecting robust earnings growth, pricing power, and investor confidence in Nigeria’s infrastructure and construction story.
Current Snapshot: Share Price and Market Capitalisation
As of late August 2026, Dangote Cement shares trade at ₦1,034. With approximately 16.75–16.87 billion shares outstanding, this translates to a market capitalisation of roughly ₦17.3–17.5 trillion (about $12.8–13 billion).
This places Dangote Cement among the top-valued companies on the NGX (frequently the largest or second-largest depending on daily moves), far ahead of most peers. The stock has risen about 70% year-to-date (from around ₦609 at the start of 2026) and nearly doubled over the past year. The 52-week range spans ₦511.20 to ₦1,189.
Key valuation metrics (approximate):
– Trailing P/E ≈ 15.3x
– Forward P/E ≈ 12.3x
– Dividend yield ≈ 4.3–4.4% (based on the ₦45.00 dividend declared for the recent period)
– Analyst consensus average 12-month target ≈ ₦1,238 (implying roughly 20% upside), with a general Buy leaning.
Strong Fundamentals Driving Performance
Dangote Cement delivered impressive results in 2025: Group revenue rose 20% to ₦4.31 trillion, while profit after tax more than doubled to about ₦1.015 trillion. EBITDA margins expanded significantly thanks to better pricing, cost efficiencies (especially energy mix), and operational leverage.
Momentum continued into 2026. In the first half, revenue grew over 21% to ₦2.51 trillion and PAT rose about 23% to ₦638.5 billion, supported by higher volumes in Nigeria, strong export performance, and lower finance costs as the balance sheet strengthened (moving toward a net cash position).
The company benefits from dominant market share in Nigeria, a growing Pan-African footprint, and ongoing capacity expansion plans aimed at reaching 80 million tonnes per annum over the medium term.
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Disclaimer: This post is for general information only and does not constitute investment advice. Market data and figures are as of late August 2026 and subject to change. Investing in stocks involves risk, including the potential loss of capital. Always do your own research and consult a licensed financial adviser before investing.
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