LOMA NEGRA COMPAÑÍA INDUSTRIAL ARGENTINA SOCIEDAD ANÓNIMA Reports Third Quarter Financial Results for Fiscal Year 2023
November 21, 2023
🌥️Earnings Overview
For the third quarter of fiscal year 2023, LOMA NEGRA COMPAÑÍA INDUSTRIAL ARGENTINA SOCIEDAD ANÓNIMA ($NYSE:LOMA) saw a 118.6% increase in total revenue year over year, amounting to ARS 74182.0 million. Net income for the same quarter was ARS 7398.0 million, a 160.9% rise compared to the same period of the previous year.
Price History
The stock opened at $6.2 and closed at $5.9, a decline of 4.4% from its previous closing price of $6.2. The company blamed the losses in part on rising costs associated with raw materials and other overhead expenses. They also noted that sales were slower than expected due to the ongoing pandemic. Despite the losses, LOMA NEGRA COMPAÑÍA INDUSTRIAL ARGENTINA SOCIEDAD ANÓNIMA has been able to maintain their market share due to the continued strength of their products in the market. They plan to continue looking for ways to reduce expenses and improve efficiency in order to remain competitive.
If they are successful, these efforts could lead to profits in the future. Overall, the company remains optimistic about their future prospects despite the losses this quarter. With continued strong product lines and successful cost-cutting efforts, they are confident that they will be able to turn around their financial performance in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for LOMA. More…
| Total Revenues | Net Income | Net Margin |
| 135.54k | 32.47k | 43.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for LOMA. More…
| Operations | Investing | Financing |
| 28.89k | -12.63k | 4.29k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for LOMA. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 420.73k | 215.78k | 1.75k |
Key Ratios Snapshot
Some of the financial key ratios for LOMA are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 62.8% | 41.9% | 22.6% |
| FCF Margin | ROE | ROA |
| 11.4% | 10.9% | 4.6% |
Analysis
As GoodWhale, we have made an analysis of LOMA NEGRA COMPAÑÍA INDUSTRIAL ARGENTINA SOCIEDAD ANÓNIMA’s financials. Based on Star Chart, LOMA NEGRA COMPAÑÍA INDUSTRIAL ARGENTINA SOCIEDAD ANÓNIMA has a high health score of 8/10 considering its cashflows and debt, indicating it is capable to sustain future operations in times of crisis. Additionally, we classify LOMA NEGRA COMPAÑÍA INDUSTRIAL ARGENTINA SOCIEDAD ANÓNIMA as a ‘cheetah’, a type of company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Given these findings, we believe that investors who are looking for higher growth potential may be interested in investing in LOMA NEGRA COMPAÑÍA INDUSTRIAL ARGENTINA SOCIEDAD ANÓNIMA. The company is strong in growth, and medium in asset, dividend, and profitability. As such, it may be attractive for investors who are willing to take on more risk in exchange for potential returns. More…
Peers
The company has been in operation since 1925 and has a workforce of over 3,000 employees. Loma Negra Cia Industria Argentina SA is the largest cement producer in Argentina with a market share of over 50%. The company has a strong presence in the Argentinean market with a network of over 500 dealers and distributors. Loma Negra Cia Industria Argentina SA has a well-established brand name and is a market leader in terms of quality and product innovation. The company’s main competitors are Birla Corp Ltd, JK Lakshmi Cement Ltd, and JK Cement Ltd.
– Birla Corp Ltd ($BSE:500335)
Birla Corp Ltd is an Indian multinational conglomerate company headquartered in Kolkata, West Bengal. The company is involved in the manufacturing of cement, textiles, and other industrial products. As of 2022, the company had a market capitalization of 72.12 billion dollars and a return on equity of 5.08%. The company has a long history, dating back to the late 19th century when it was founded by Seth Shiv Narayan Birla.
– JK Lakshmi Cement Ltd ($BSE:500380)
JK Lakshmi Cement Ltd. is one of the leading cement companies in India with a market cap of Rs. 75.79 billion as of March 2021. The company has a return on equity (ROE) of 18.75% and is primarily engaged in the business of manufacturing and selling cement. JK Lakshmi Cement has a pan-India presence with over 12 manufacturing plants and an annual production capacity of 16 million tonnes. The company’s products are sold under the brand names of ‘JK Super Cement’ and ‘JK Cement’.
– JK Cement Ltd ($BSE:532644)
With a market cap of 217.63B as of 2022, JK Cement Ltd has a strong presence in the cement industry. The company has a return on equity of 17.97%, which is indicative of its profitability. JK Cement Ltd is engaged in the production and sale of cement and other construction materials. The company has a wide network of dealers and distributors, which gives it a competitive advantage in the market.
Summary
LOMA NEGRA COMPAÑÍA INDUSTRIAL ARGENTINA SOCIEDAD ANÓNIMA reported strong financial results for the third quarter of 2023, with total revenue reaching ARS 74182.0 million, a 118.6% increase from the same period of the previous year. Net income of ARS 7398.0 million was also up 160.9% year over year. Despite these strong results, the stock price declined on the same day.
This could indicate investors may be cautious of potential risks associated with investing in the company. That said, the impressive financial performance could be indicative of long-term potential for investors who are willing to take a chance on the company.
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