Dangote CementNSA:DCP 100 Net Margin % is 26.76% as of Mar. 2026, which is 12% above its 10-year median of 23.80. 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. Among 407 Building Materials companies, Dangote Cement ranks better than 93.37% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Dangote Cement's Net Income for the
three
months ended in Mar. 2026 was ₦320,649 Mil. Dangote Cement's Revenue for the
three
months ended in Mar. 2026 was ₦1,198,032 Mil. Therefore, Dangote Cement's net margin for the quarter that ended in Mar. 2026 was 26.76%.
The historical rank and industry rank for Dangote Cement's Net Margin % or its related term are showing as below:
NSA:DCP'
s Net Margin % Range Over the Past 10 Years
Min: 13.91 Med: 23.8 Max: 43.16
Current: 24.78
NSA:DCP's Net Margin % is ranked better than 93.37% of 407
companies
in the Building Materials industry
Industry Median: 4.52
vs NSA:DCP: 24.78
Dangote Cement (NSA:DCP) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Dangote Cement Net Margin % Related Terms
Dangote Cement Net Margin % Historical Data
* Premium members only.
The historical data trend for Dangote Cement's Net Margin % 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.
For the Building Materials subindustry, Dangote Cement's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Dangote Cement's Net Margin % distribution charts can be found below:
* The bar in red indicates where Dangote Cement's Net Margin % falls into.
* 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 (NSA:DCP) has a Net Margin % of 26.76% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Dangote Cement and its competitors. This is 12% above median its historical median of 23.80. Over the past decade, Dangote Cement's Net Margin % has ranged from 13.91 to 43.16. According to the industry distribution chart, Dangote Cement ranks #27 out of 407 companies in the Building Materials industry, placing it in the top 6.6%.
Is Dangote Cement's Net Margin % too high?
Dangote Cement's current Net Margin % of 26.76% is 12% above median its 10-year median of 23.80. Over the past 10 years, this metric has ranged from a low of 13.91 to a high of 43.16. The Building Materials industry median Net Margin % is 4.52. Dangote Cement's value of 26.76% is 492% above this industry median. Based on the distribution chart, Dangote Cement ranks #27 out of 407 companies in the Building Materials industry, which is in the top quartile — a strong position relative to peers. 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 Net Margin % compare to CRH and VMC?
According to the Building Materials industry distribution chart, Dangote Cement ranks #27 out of 407 companies for Net Margin %. This places Dangote Cement in the top 7% of its industry — outperforming the majority of peers. The industry median Net Margin % is 4.52. Dangote Cement's value of 26.76% is 492% above this benchmark. Historically, Dangote Cement's own Net Margin % has ranged from 13.91 to 43.16 over the past decade. While the company's 10-year median is 23.80 vs. the industry median of 4.52, Dangote Cement has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Building Materials company?
The median Net Margin % among Building Materials companies is 4.52, based on 407 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dangote Cement's current Net Margin % of 26.76% is 492% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Dangote Cement and its competitors. For the Building Materials industry, the median Net Margin % is 4.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dangote Cement's current Net Margin % is 26.76%, which is 12% above median its own 10-year median of 23.80. 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 Net Margin % is 26.76%, which is 12% above median its 10-year median of 23.80 and 492% above the Building Materials industry median of 4.52. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Dangote Cement (NSA:DCP), the current Net Margin % is 26.76% 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:
Net Margin %: 26.76% (12% above median its 10-year median of 23.80)
GF Value™: ₦806.03 vs. price of ₦1,070.00 (32.7% above fair value)
Industry Position: 492% above the Building Materials median (#27 of 407)
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 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.
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