Dangote Cement (NSA:DCP) OCF Margin %: 49.36% (As of Mar. 2026) — 17% Above Median


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 OCF Margin %?

Dangote Cement NSA:DCP 100 OCF Margin % is 49.36% as of Mar. 2026, which is 17% above its 10-year median of 42.26. 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 403 Building Materials companies, Dangote Cement ranks better than 97.52% on this metric.

OCF Margin % is calculated as Cash Flow from Operations divided by its Revenue. Dangote Cement's Cash Flow from Operations for the three months ended in Mar. 2026 was ₦591,339 Mil. Dangote Cement's Revenue for the three months ended in Mar. 2026 was ₦1,198,032 Mil. Therefore, Dangote Cement's OCF Margin % for the quarter that ended in Mar. 2026 was 49.36%.

As of today, Dangote Cement's current OCF Yield % is 11.05%.

The historical rank and industry rank for Dangote Cement's OCF Margin % or its related term are showing as below:

NSA:DCP' s OCF Margin % Range Over the Past 10 Years
Min: 22.93   Med: 42.26   Max: 49.5
Current: 43.92


During the past 13 years, the highest OCF Margin % of Dangote Cement was 49.50%. The lowest was 22.93%. And the median was 42.26%.

NSA:DCP's OCF Margin % is ranked better than
97.52% of 403 companies
in the Building Materials industry
Industry Median: 10.61 vs NSA:DCP: 43.92


Dangote Cement OCF Margin % Related Terms


Dangote Cement OCF Margin % Historical Data

* Premium members only.

The historical data trend for Dangote Cement's OCF 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.

Dangote Cement OCF Margin % Chart

Dangote Cement Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
OCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 43.13 23.97 30.74 22.93 39.72

Dangote Cement Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
OCF Margin % 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 32.31 51.34 38.49 36.43 49.36

NSA:DCP vs CRH, VMC, MLM: OCF Margin % Comparison

For the Building Materials subindustry, Dangote Cement's OCF Margin %, along with its competitors' market caps and OCF 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 OCF Margin % vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Dangote Cement's OCF Margin % distribution charts can be found below:

* The bar in red indicates where Dangote Cement's OCF Margin % falls into.


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

OCF Margin % is the ratio of Cash Flow from Operations divided by net sales or Revenue, usually presented in percent.

Dangote Cement's OCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

OCF Margin=Cash Flow from Operations (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=1710762/4306704
=39.72 %

Dangote Cement's OCF Margin for the quarter that ended in Mar. 2026 is calculated as

OCF Margin=Cash Flow from Operations (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=591339/1198032
=49.36 %

* 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 OCF Margin % →
What does a OCF Margin % of 49.36% mean?
Dangote Cement (NSA:DCP) has a OCF Margin % of 49.36% as of Mar. 2026. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Dangote Cement and its competitors. This is 17% above median its historical median of 42.26. Over the past decade, Dangote Cement's OCF Margin % has ranged from 22.93 to 49.50. According to the industry distribution chart, Dangote Cement ranks #10 out of 403 companies in the Building Materials industry, placing it in the top 2.5%.
Is Dangote Cement's OCF Margin % too high?
Dangote Cement's current OCF Margin % of 49.36% is 17% above median its 10-year median of 42.26. Over the past 10 years, this metric has ranged from a low of 22.93 to a high of 49.50. The Building Materials industry median OCF Margin % is 10.61. Dangote Cement's value of 49.36% is 365.2% above this industry median. Based on the distribution chart, Dangote Cement ranks #10 out of 403 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 OCF Margin % compare to CRH and VMC?
According to the Building Materials industry distribution chart, Dangote Cement ranks #10 out of 403 companies for OCF Margin %. This places Dangote Cement in the top 3% of its industry — outperforming the majority of peers. The industry median OCF Margin % is 10.61. Dangote Cement's value of 49.36% is 365.2% above this benchmark. Historically, Dangote Cement's own OCF Margin % has ranged from 22.93 to 49.50 over the past decade. While the company's 10-year median is 42.26 vs. the industry median of 10.61, 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 OCF Margin % for a Building Materials company?
The median OCF Margin % among Building Materials companies is 10.61, based on 403 companies in the industry. Companies in the top quartile (top 25%) have a OCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, OCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dangote Cement's current OCF Margin % of 49.36% is 365.2% 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 OCF Margin % mean?
A high OCF Margin % can signal that a stock is expensive relative to its fundamentals. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Dangote Cement and its competitors. For the Building Materials industry, the median OCF Margin % is 10.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dangote Cement's current OCF Margin % is 49.36%, which is 17% above median its own 10-year median of 42.26. 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 OCF Margin % is 49.36%, which is 17% above median its 10-year median of 42.26 and 365.2% above the Building Materials industry median of 10.61. 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 OCF Margin % calculated?
OCF Margin % is calculated from a company's financial statements. For Dangote Cement (NSA:DCP), the current OCF Margin % is 49.36% 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:

  • OCF Margin %: 49.36% (17% above median its 10-year median of 42.26)
  • GF Value™: ₦806.03 vs. price of ₦1,070.00 (32.7% above fair value)
  • GF Score™: 100/100 with 5 warning signs
  • Industry Position: 365.2% above the Building Materials median (#10 of 403)

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

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

₦1,070.00
Price
₦806.03
GF Value