Dangote Cement (NSA:DCP) EBIT: ₦1,960,534 Mil (TTM As of Mar. 2026)


NSA:DCP Dangote Cement PLC NSA:DCP
100 GF Score
Price ₦1,070.00
GF Value ₦806.03
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Dangote Cement EBIT?

Dangote Cement NSA:DCP 100 EBIT is ₦1,960,534 Mil as of Mar. 2026. GuruFocus rates NSA:DCP with a GF Score™ of 100/100 and a GF Value™ of ₦806.03 (Significantly Overvalued). The stock has 5 warning signs investors should review.

Dangote Cement's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ₦503,954 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ₦1,960,534 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Dangote Cement's annualized ROC % for the quarter that ended in Mar. 2026 was 31.20%. Dangote Cement's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 51.04%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Dangote Cement's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 10.79%.


Dangote Cement  (NSA:DCP) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Dangote Cement's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=2009624 * ( 1 - 23.76% )/( (5134880 + 4687933)/ 2 )
=1532137.3376/4911406.5
=31.20 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=6040727 - 1537584 - ( 397569 - max(0, 2603694 - 1971957+397569))
=5134880

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=6034998 - 1608627 - ( 504827 - max(0, 2371845 - 2110283+504827))
=4687933

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Dangote Cement's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2015816/( ( (4021923 + max(-827748, 0)) + (3876376 + max(-976878, 0)) )/ 2 )
=2015816/( ( 4021923 + 3876376 )/ 2 )
=2015816/3949149.5
=51.04 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(53896 + 756835 + 238314) - (1537584 + 0 + 339209)
=-827748

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(51589 + 703578 + 322726) - (1608627 + 0 + 446144)
=-976878

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Dangote Cement's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=1960534/18165316.355
=10.79 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Dangote Cement EBIT Related Terms


Dangote Cement EBIT Historical Data

* Premium members only.

The historical data trend for Dangote Cement's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Dangote Cement EBIT Chart

Dangote Cement Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 594,692.00 599,244.00 697,634.00 1,180,618.00 1,878,856.00

Dangote Cement Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 422,276.00 522,237.00 378,221.00 556,122.00 503,954.00

NSA:DCP vs CRH, VMC, MLM: EBIT Comparison

For the Building Materials subindustry, Dangote Cement's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Dangote Cement EV-to-EBIT vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Dangote Cement's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Dangote Cement's EV-to-EBIT falls into.


NSA:DCP
100GF Score
Dangote Cement PLC NSA:DCP
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Dangote Cement EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₦1,960,534 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of ₦1,960,534 Mil mean?
Dangote Cement (NSA:DCP) has a EBIT of ₦1,960,534 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Dangote Cement.
Is Dangote Cement's EBIT too high?
Dangote Cement's current EBIT is ₦1,960,534 Mil. Overall, Dangote Cement has a GF Score™ of 100/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dangote Cement's EBIT compare to CRH and VMC?
Dangote Cement's EBIT of ₦1,960,534 Mil can be compared against companies in the Building Materials industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Building Materials company?
A good EBIT depends on the Building Materials industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Dangote Cement. Dangote Cement's current EBIT is ₦1,960,534 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dangote Cement stock overvalued right now?
Based on GuruFocus' analysis, Dangote Cement (NSA:DCP) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦806.03, compared to a current price of ₦1,070.00 — trading 32.7% above its estimated fair value. The current EBIT is ₦1,960,534 Mil. Dangote Cement's overall GF Score™ is 100/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Dangote Cement (NSA:DCP), the current EBIT is ₦1,960,534 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Dangote Cement (NSA:DCP) Overvalued in 2026?

Based on GuruFocus' analysis, Dangote Cement stock appears to be overvalued. The current stock price of ₦1,070.00 is trading 32.7% above its estimated GF Value™ of ₦806.03. GuruFocus considers Dangote Cement to be Significantly Overvalued.

Key valuation signals for NSA:DCP:

  • EBIT: ₦1,960,534 Mil
  • GF Value™: ₦806.03 vs. price of ₦1,070.00 (32.7% above fair value)
  • GF Score™: 100/100 with 5 warning signs

No single metric tells the full story. See the NSA:DCP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dangote Cement Business Description

Address 1, Alfred Rewane Road, P.O. Box 40032, Falomo, Ikoyi, Union Marble House, Lagos, NGA
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 Company's 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.
100GF Score

Get the complete analysis for NSA:DCP

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₦1,070.00
Price
₦806.03
GF Value