Price Target Changed • Jun 02
Price target increased by 9.9% to ر.س58.80 Up from ر.س53.50, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of ر.س58.30. Stock is down 8.3% over the past year. The company is forecast to post earnings per share of ر.س2.66 for next year compared to ر.س1.64 last year. Reported Earnings • May 19
First quarter 2026 earnings released: EPS: ر.س0.92 (vs ر.س0.56 in 1Q 2025) First quarter 2026 results: EPS: ر.س0.92 (up from ر.س0.56 in 1Q 2025). Revenue: ر.س251.4m (up 10.0% from 1Q 2025). Net income: ر.س34.1m (up 65% from 1Q 2025). Profit margin: 14% (up from 9.1% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • May 13
Upcoming dividend of ر.س0.50 per share Eligible shareholders must have bought the stock before 20 May 2026. Payment date: 03 June 2026. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of Saudi dividend payers (6.0%). Lower than average of industry peers (2.1%). Reported Earnings • Apr 04
Full year 2025 earnings released: EPS: ر.س1.63 (vs ر.س2.25 in FY 2024) Full year 2025 results: EPS: ر.س1.63 (down from ر.س2.25 in FY 2024). Revenue: ر.س850.3m (up 1.6% from FY 2024). Net income: ر.س60.5m (down 27% from FY 2024). Profit margin: 7.1% (down from 9.9% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.6% p.a. on average during the next 2 years, compared to a 8.4% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Dec 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Saudi stocks, typically moving 5.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risks Share price has been volatile over the past 3 months (5.2% average weekly change). Profit margins are more than 30% lower than last year (5.2% net profit margin). Reported Earnings • Nov 18
Third quarter 2025 earnings released: EPS: ر.س0.39 (vs ر.س0.56 in 3Q 2024) Third quarter 2025 results: EPS: ر.س0.39 (down from ر.س0.56 in 3Q 2024). Revenue: ر.س189.0m (down 12% from 3Q 2024). Net income: ر.س14.5m (down 30% from 3Q 2024). Profit margin: 7.7% (down from 9.6% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ر.س57.00, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 12x in the Forestry industry in Asia. Total returns to shareholders of 167% over the past three years. Buy Or Sell Opportunity • Oct 02
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.5% to ر.س58.50. The fair value is estimated to be ر.س73.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.4% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 9.4% in 2 years. Earnings are forecast to grow by 65% in the next 2 years. Major Estimate Revision • Aug 23
Consensus EPS estimates fall by 25% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ر.س911.0m to ر.س854.0m. EPS estimate also fell from ر.س2.21 per share to ر.س1.65 per share. Net income forecast to grow 32% next year vs 55% growth forecast for Forestry industry in Saudi Arabia. Consensus price target down from ر.س55.80 to ر.س52.50. Share price was steady at ر.س54.50 over the past week. Price Target Changed • Aug 22
Price target decreased by 9.3% to ر.س52.50 Down from ر.س57.90, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of ر.س54.50. Stock is down 21% over the past year. The company is forecast to post earnings per share of ر.س1.65 for next year compared to ر.س2.25 last year. Reported Earnings • Aug 19
Second quarter 2025 earnings released: EPS: ر.س0.38 (vs ر.س0.70 in 2Q 2024) Second quarter 2025 results: EPS: ر.س0.38 (down from ر.س0.70 in 2Q 2024). Revenue: ر.س208.5m (up 3.1% from 2Q 2024). Net income: ر.س13.9m (down 47% from 2Q 2024). Profit margin: 6.7% (down from 13% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Aug 05
Now 20% overvalued Over the last 90 days, the stock has fallen 13% to ر.س56.15. The fair value is estimated to be ر.س46.72, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 31%. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to grow by 52% in the next 2 years. Major Estimate Revision • Jun 10
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from ر.س2.50 to ر.س2.21 per share. Revenue forecast steady at ر.س911.0m. Net income forecast to grow 27% next year vs 40% growth forecast for Forestry industry in Saudi Arabia. Consensus price target down from ر.س57.90 to ر.س55.80. Share price was steady at ر.س62.80 over the past week. New Risk • May 26
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 8.1% Last year net profit margin: 12% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Profit margins are more than 30% lower than last year (8.1% net profit margin). Major Estimate Revision • May 04
Consensus EPS estimates fall by 22% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ر.س996.0m to ر.س920.0m. EPS estimate also fell from ر.س3.19 per share to ر.س2.50 per share. Net income forecast to shrink 7.4% next year vs 31% growth forecast for Forestry industry in Saudi Arabia . Consensus price target down from ر.س59.40 to ر.س57.90. Share price was steady at ر.س67.00 over the past week. Announcement • Apr 30
Saudi Paper Manufacturing Company, Annual General Meeting, May 21, 2025 Saudi Paper Manufacturing Company, Annual General Meeting, May 21, 2025, at 19:30 Arab Standard Time. Location: dammam Saudi Arabia New Risk • Apr 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Saudi stocks, typically moving 5.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (20% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (5.6% average weekly change). Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ر.س65.00, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 11x in the Forestry industry in Asia. Total returns to shareholders of 145% over the past three years. Reported Earnings • Nov 12
Third quarter 2024 earnings released: EPS: ر.س0.56 (vs ر.س0.60 in 3Q 2023) Third quarter 2024 results: EPS: ر.س0.56 (down from ر.س0.60 in 3Q 2023). Revenue: ر.س215.3m (up 10% from 3Q 2023). Net income: ر.س20.6m (down 8.2% from 3Q 2023). Profit margin: 9.6% (down from 12% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 04
Upcoming dividend of ر.س0.75 per share Eligible shareholders must have bought the stock before 11 September 2024. Payment date: 25 September 2024. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of Saudi dividend payers (4.8%). Lower than average of industry peers (2.2%). Reported Earnings • Aug 05
Second quarter 2024 earnings released: EPS: ر.س0.70 (vs ر.س0.57 in 2Q 2023) Second quarter 2024 results: EPS: ر.س0.70 (up from ر.س0.57 in 2Q 2023). Revenue: ر.س202.3m (flat on 2Q 2023). Net income: ر.س26.0m (up 23% from 2Q 2023). Profit margin: 13% (up from 11% in 2Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • May 26
Consensus EPS estimates increase by 42% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from ر.س935.0m to ر.س950.0m. EPS estimate increased from ر.س2.36 to ر.س3.35 per share. Net income forecast to grow 28% next year vs 36% growth forecast for Forestry industry in Saudi Arabia. Consensus price target up from ر.س47.27 to ر.س63.20. Share price was steady at ر.س72.20 over the past week. Reported Earnings • May 21
First quarter 2024 earnings released: EPS: ر.س1.08 (vs ر.س0.23 in 1Q 2023) First quarter 2024 results: EPS: ر.س1.08 (up from ر.س0.23 in 1Q 2023). Revenue: ر.س229.2m (up 5.5% from 1Q 2023). Net income: ر.س36.2m (up 324% from 1Q 2023). Profit margin: 16% (up from 3.9% in 1Q 2023). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 21
Upcoming dividend of ر.س0.50 per share Eligible shareholders must have bought the stock before 28 April 2024. Payment date: 09 May 2024. Trailing yield: 0.6%. Lower than top quartile of Saudi dividend payers (4.6%). Lower than average of industry peers (2.0%). Reported Earnings • Mar 23
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: ر.س2.17 (up from ر.س1.62 in FY 2022). Revenue: ر.س811.1m (up 17% from FY 2022). Net income: ر.س72.9m (up 56% from FY 2022). Profit margin: 9.0% (up from 6.8% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) exceeded analyst estimates by 15%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 9.4% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 10% per year. Valuation Update With 7 Day Price Move • Feb 29
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ر.س66.50, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 11x in the Forestry industry in Asia. Total returns to shareholders of 73% over the past three years. Buy Or Sell Opportunity • Feb 25
Now 28% overvalued after recent price rise Over the last 90 days, the stock has risen 52% to ر.س57.90. The fair value is estimated to be ر.س45.10, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 14% in a year. Earnings are forecast to grow by 22% in the next year. Buy Or Sell Opportunity • Feb 19
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 47% to ر.س53.90. The fair value is estimated to be ر.س44.57, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 14% in a year. Earnings are forecast to grow by 22% in the next year. Buy Or Sell Opportunity • Jan 28
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 29% to ر.س48.20. The fair value is estimated to be ر.س40.11, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 14% in a year. Earnings are forecast to grow by 22% in the next year. Reported Earnings • Nov 02
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: ر.س195.5m (up 21% from 3Q 2022). Net income: ر.س22.4m (up 261% from 3Q 2022). Profit margin: 12% (up from 3.8% in 3Q 2022). Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Forestry industry in Asia. New Risk • Oct 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Saudi stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.2x net interest cover). High level of non-cash earnings (23% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (5.5% average weekly change). Major Estimate Revision • Aug 08
Consensus EPS estimates increase by 47% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from ر.س781.0m to ر.س835.0m. EPS estimate increased from ر.س1.17 to ر.س1.72 per share. Net income forecast to grow 52% next year vs 25% growth forecast for Forestry industry in Saudi Arabia. Consensus price target up from ر.س30.60 to ر.س36.40. Share price fell 5.2% to ر.س30.80 over the past week. Price Target Changed • Aug 07
Price target increased by 18% to ر.س36.40 Up from ر.س30.90, the current price target is provided by 1 analyst. New target price is 17% above last closing price of ر.س31.05. Stock is down 37% over the past year. The company is forecast to post earnings per share of ر.س1.72 for next year compared to ر.س1.62 last year. Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: ر.س0.63 (vs ر.س1.10 in 2Q 2022) Second quarter 2023 results: EPS: ر.س0.63. Revenue: ر.س202.2m (up 38% from 2Q 2022). Net income: ر.س21.1m (flat on 2Q 2022). Profit margin: 11% (down from 14% in 2Q 2022). Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Forestry industry in Asia. Reported Earnings • Nov 19
Third quarter 2022 earnings released: EPS: ر.س0.32 (vs ر.س0.008 in 3Q 2021) Third quarter 2022 results: EPS: ر.س0.32 (up from ر.س0.008 in 3Q 2021). Revenue: ر.س161.6m (up 14% from 3Q 2021). Net income: ر.س6.21m (up ر.س6.06m from 3Q 2021). Profit margin: 3.8% (up from 0.1% in 3Q 2021). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Chairman Abdullah bin Al-Kharashi was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment deteriorated over the past week After last week's 30% share price decline to ر.س34.85, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 8x in the Forestry industry in Asia. Total returns to shareholders of 156% over the past three years. Reported Earnings • Jul 29
Second quarter 2022 earnings released: EPS: ر.س1.10 (vs ر.س0.79 in 2Q 2021) Second quarter 2022 results: EPS: ر.س1.10 (up from ر.س0.79 in 2Q 2021). Revenue: ر.س146.3m (up 3.6% from 2Q 2021). Net income: ر.س21.1m (up 39% from 2Q 2021). Profit margin: 14% (up from 11% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 01
First quarter 2022 earnings released: EPS: ر.س0.69 (vs ر.س0.75 in 1Q 2021) First quarter 2022 results: EPS: ر.س0.69 (down from ر.س0.75 in 1Q 2021). Revenue: ر.س194.7m (up 23% from 1Q 2021). Net income: ر.س13.3m (down 5.4% from 1Q 2021). Profit margin: 6.8% (down from 8.9% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Chairman Abdullah bin Al-Kharashi was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 31
Full year 2021 earnings released: EPS: ر.س1.58 (vs ر.س1.64 in FY 2020) Full year 2021 results: EPS: ر.س1.58. Revenue: ر.س588.8m (up 11% from FY 2020). Net income: ر.س30.3m (up 100% from FY 2020). Profit margin: 5.1% (up from 2.8% in FY 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improved over the past week After last week's 16% share price gain to ر.س53.00, the stock trades at a trailing P/E ratio of 28.6x. Average trailing P/E is 13x in the Forestry industry in Asia. Total returns to shareholders of 202% over the past three years. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS ر.س0.008 (vs ر.س0.43 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: ر.س141.9m (up 14% from 3Q 2020). Net income: ر.س149.0k (down 96% from 3Q 2020). Profit margin: 0.1% (down from 3.2% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 03
Second quarter 2021 earnings released: EPS ر.س0.79 (vs ر.س0.42 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: ر.س141.3m (down 1.0% from 2Q 2020). Net income: ر.س15.1m (up 296% from 2Q 2020). Profit margin: 11% (up from 2.7% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 25
First quarter 2021 earnings released: EPS ر.س0.75 (vs ر.س0.12 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ر.س158.5m (up 8.6% from 1Q 2020). Net income: ر.س14.1m (up ر.س13.0m from 1Q 2020). Profit margin: 8.9% (up from 0.7% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 31
Full year 2020 earnings released: EPS ر.س1.64 (vs ر.س3.03 loss in FY 2019) The company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: ر.س532.1m (flat on FY 2019). Net income: ر.س15.1m (up ر.س43.0m from FY 2019). Profit margin: 2.8% (up from net loss in FY 2019). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 08
Full year 2020 earnings released: EPS ر.س1.64 (vs ر.س3.03 loss in FY 2019) The company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: ر.س532.1m (flat on FY 2019). Net income: ر.س15.1m (up ر.س43.0m from FY 2019). Profit margin: 2.8% (up from net loss in FY 2019). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Executive Departure • Feb 04
Independent Director has left the company On the 1st of February, Fahad bin Al-Sheaibi's tenure as Independent Director ended after 4.6 years in the role. As of September 2020, Fahad bin personally held 22.72k shares (ر.س1.2m worth at the time). Fahad bin is the only executive to leave the company over the last 12 months. Announcement • Jan 12
Saudi Paper Manufacturing Co. Approves the Resignation of Fahad Bin Saad Al-Sheaibi as Independent Board Member Saudi Paper Manufacturing Co. announced that the Board of Director on 11 January 2021 has been approved the resignation of MR. Fahad bin Saad Al-Sheaibi (independent board member) from his position for a personal reasons. The resignation is effected on 01 February 2021. Is New 90 Day High Low • Nov 10
New 90-day high: ر.س67.90 The company is up 42% from its price of ر.س47.65 on 12 August 2020. The Saudi market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 5.0% over the same period. Reported Earnings • Nov 07
Third quarter 2020 earnings released: EPS ر.س0.45 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ر.س124.3m (up 2.1% from 3Q 2019). Net income: ر.س4.11m (up ر.س28.4m from 3Q 2019). Profit margin: 3.3% (up from net loss in 3Q 2019). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 21% per year. Is New 90 Day High Low • Oct 12
New 90-day high: ر.س58.80 The company is up 64% from its price of ر.س35.90 on 14 July 2020. The Saudi market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 4.0% over the same period.