Ankündigung • May 21
United Wire Factories Company, Annual General Meeting, Jun 16, 2026 United Wire Factories Company, Annual General Meeting, Jun 16, 2026, at 19:45 Arab Standard Time. Location: riyadh Saudi Arabia Reported Earnings • May 19
First quarter 2026 earnings released: ر.س0.04 loss per share (vs ر.س0.022 loss in 1Q 2025) First quarter 2026 results: ر.س0.04 loss per share (further deteriorated from ر.س0.022 loss in 1Q 2025). Revenue: ر.س174.9m (up 6.1% from 1Q 2025). Net loss: ر.س1.07m (loss widened 72% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Mar 11
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 24% to ر.س16.41. The fair value is estimated to be ر.س20.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Earnings per share has declined by 51%. Buy Or Sell Opportunity • Feb 23
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 25% to ر.س16.71. The fair value is estimated to be ر.س20.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Earnings per share has declined by 51%. Reported Earnings • Nov 17
Third quarter 2025 earnings released: EPS: ر.س0.10 (vs ر.س0.14 in 3Q 2024) Third quarter 2025 results: EPS: ر.س0.10 (down from ر.س0.14 in 3Q 2024). Revenue: ر.س201.1m (up 21% from 3Q 2024). Net income: ر.س2.68m (down 33% from 3Q 2024). Profit margin: 1.3% (down from 2.4% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Declared Dividend • Nov 14
Dividend of ر.س0.50 announced Shareholders will receive a dividend of ر.س0.50. Ex-date: 18th November 2025 Payment date: 8th December 2025 Dividend yield will be 2.2%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is not covered by earnings (291% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 224% to bring the payout ratio under control. However, EPS has declined by 23% over the last 5 years so the company would need to reverse this trend. Reported Earnings • Aug 14
Second quarter 2025 earnings released: EPS: ر.س0.07 (vs ر.س0.15 in 2Q 2024) Second quarter 2025 results: EPS: ر.س0.07 (down from ر.س0.15 in 2Q 2024). Revenue: ر.س181.4m (up 4.2% from 2Q 2024). Net income: ر.س1.87m (down 55% from 2Q 2024). Profit margin: 1.0% (down from 2.4% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Ankündigung • May 26
United Wire Factories Company, Annual General Meeting, Jun 16, 2025 United Wire Factories Company, Annual General Meeting, Jun 16, 2025, at 20:30 Arab Standard Time. Location: riyadh Saudi Arabia New Risk • May 20
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: 1.4% Last year net profit margin: 2.9% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 228% Paying a dividend despite having no free cash flows. Earnings have declined by 21% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (1.4% net profit margin). Ankündigung • Apr 15
United Wire Factories Co. Announces Management Changes The Ordinary General Assembly meeting of United Wire Factories Co. (Aslak) held on 08 April 2025, the appointment of the Chairman and Vice Chairman of the Board, and the formation of board committees, the appointment of the Board Secretary, and the designation of the company’s representatives to the Capital Market Authority and the Saudi Exchange Company, as follows: Appointment of Mr. Khaled Mohammed Abdullah Alkhuwaiter as Chairman of the Board of Directors. Formation of Audit Committee consisting of the following members: 1. Mr. Moahmmed Saleh Alsuliman – Committee Chairman 2. Mr. Abdullah Saud Alarifi 3. Mr. Yousef Abdullah Almotlaq Fourth: Formation of the Nominations and Remuneration Committee consisting of the following members: 1. Mr. Abdulaziz Hamoud Al Owais – Committee Chairman 2. Mr. Khaled Mohammed Alkhuwaiter 3. Mr. Turki Mohammed Alqurini Fifth: Formation of the Executive Committee consisting of the following members: 1. Mr. Yousef Abdullah Almotlaq – Committee Chairman 2. Mr. Khaled Saad Alkanhal 3. Mr. Abdullah Saad Aldosari 4. Mr. Nabeel Hassan Alameer Sixth: Appointment of Mr. Nabeel Hassan Alameer as Secretary of the Company’s Board of Directors. Reported Earnings • Mar 19
Full year 2024 earnings released: EPS: ر.س0.58 (vs ر.س0.63 in FY 2023) Full year 2024 results: EPS: ر.س0.58 (down from ر.س0.63 in FY 2023). Revenue: ر.س707.3m (down 11% from FY 2023). Net income: ر.س16.2m (down 21% from FY 2023). Profit margin: 2.3% (down from 2.6% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. New Risk • Nov 05
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 0% Dividend per share is over 11x cash flows per share. Dividend yield: 3.2% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 0% Dividend per share is over 11x cash flows per share. Earnings have declined by 6.4% per year over the past 5 years. Reported Earnings • Nov 05
Third quarter 2024 earnings released: EPS: ر.س0.14 (vs ر.س0.064 in 3Q 2023) Third quarter 2024 results: EPS: ر.س0.14 (up from ر.س0.064 in 3Q 2023). Revenue: ر.س166.0m (down 9.2% from 3Q 2023). Net income: ر.س4.01m (up 87% from 3Q 2023). Profit margin: 2.4% (up from 1.2% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Declared Dividend • Nov 02
Dividend of ر.س0.75 announced Shareholders will receive a dividend of ر.س0.75. Ex-date: 10th November 2024 Payment date: 24th November 2024 Dividend yield will be 2.4%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is not covered by earnings (139% earnings payout ratio). However, it is well covered by cash flows (39% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 55% to bring the payout ratio under control, which is more than the 26% EPS growth achieved over the last 5 years. Reported Earnings • Aug 14
Second quarter 2024 earnings released: EPS: ر.س0.15 (vs ر.س0.16 in 2Q 2023) Second quarter 2024 results: EPS: ر.س0.15 (down from ر.س0.16 in 2Q 2023). Revenue: ر.س174.1m (down 13% from 2Q 2023). Net income: ر.س4.18m (down 23% from 2Q 2023). Profit margin: 2.4% (down from 2.7% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Jun 03
Now 20% overvalued Over the last 90 days, the stock has fallen 3.9% to ر.س30.40. The fair value is estimated to be ر.س25.28, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 27%. Reported Earnings • May 23
First quarter 2024 earnings released: EPS: ر.س0.22 (vs ر.س0.13 in 1Q 2023) First quarter 2024 results: EPS: ر.س0.22 (up from ر.س0.13 in 1Q 2023). Revenue: ر.س187.2m (down 18% from 1Q 2023). Net income: ر.س6.07m (up 34% from 1Q 2023). Profit margin: 3.2% (up from 2.0% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 04
Full year 2023 earnings released: EPS: ر.س0.63 (vs ر.س1.62 in FY 2022) Full year 2023 results: EPS: ر.س0.63 (down from ر.س1.62 in FY 2022). Revenue: ر.س792.8m (down 23% from FY 2022). Net income: ر.س20.4m (down 64% from FY 2022). Profit margin: 2.6% (down from 5.5% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ر.س37.35, the stock trades at a trailing P/E ratio of 44.5x. Average trailing P/E is 44x in the Metals and Mining industry in Saudi Arabia. Total returns to shareholders of 18% over the past three years. Buy Or Sell Opportunity • Mar 18
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 22% to ر.س36.40. The fair value is estimated to be ر.س29.76, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years. Earnings per share has declined by 16%. Reported Earnings • Nov 11
Third quarter 2023 earnings released: EPS: ر.س0.07 (vs ر.س0.087 in 3Q 2022) Third quarter 2023 results: EPS: ر.س0.07 (down from ر.س0.087 in 3Q 2022). Revenue: ر.س182.9m (down 31% from 3Q 2022). Net income: ر.س2.15m (down 29% from 3Q 2022). Profit margin: 1.2% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 17
Second quarter 2023 earnings released: EPS: ر.س0.16 (vs ر.س0.46 in 2Q 2022) Second quarter 2023 results: EPS: ر.س0.16 (down from ر.س0.46 in 2Q 2022). Revenue: ر.س200.2m (down 3.9% from 2Q 2022). Net income: ر.س5.46m (down 66% from 2Q 2022). Profit margin: 2.7% (down from 7.8% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 3% per year. New Risk • Aug 05
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: Minor Risks Share price has been volatile over the past 3 months (5.5% average weekly change). Profit margins are more than 30% lower than last year (3.7% net profit margin). Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Turki Mohammed Al-Quraini was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 09
Third quarter 2022 earnings released: EPS: ر.س0.087 (vs ر.س0.23 in 3Q 2021) Third quarter 2022 results: EPS: ر.س0.087 (down from ر.س0.23 in 3Q 2021). Revenue: ر.س264.1m (up 42% from 3Q 2021). Net income: ر.س3.05m (down 62% from 3Q 2021). Profit margin: 1.2% (down from 4.4% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 09
Second quarter 2022 earnings released: EPS: ر.س0.46 (vs ر.س0.40 in 2Q 2021) Second quarter 2022 results: EPS: ر.س0.46 (up from ر.س0.40 in 2Q 2021). Revenue: ر.س208.3m (down 4.3% from 2Q 2021). Net income: ر.س16.2m (up 15% from 2Q 2021). Profit margin: 7.8% (up from 6.5% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 18
First quarter 2022 earnings released: EPS: ر.س0.74 (vs ر.س0.46 in 1Q 2021) First quarter 2022 results: EPS: ر.س0.74 (up from ر.س0.46 in 1Q 2021). Revenue: ر.س298.8m (up 32% from 1Q 2021). Net income: ر.س26.0m (up 62% from 1Q 2021). Profit margin: 8.7% (up from 7.1% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 20% 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 are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Turki Mohammed Al-Quraini was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Apr 13
United Wire Factories Appoints New Chairman, Vice Chairman United Wire Factories Company has named Khaled Saad Al Kanhal as the new Chairman of the board for the coming three years. The Saudi listed company also appointed Rasheed Rashid bin Awain as the Vice Chairman, according to a bourse disclosure on 12 April 2022. The two officials assumed their new roles on 10 April this year and will remain in position until 9 April 2025. Ankündigung • Feb 08
United Wire Factories Company, Annual General Meeting, Mar 01, 2022 United Wire Factories Company, Annual General Meeting, Mar 01, 2022, at 17:00 Coordinated Universal Time. Agenda: To consider vote on the Board of Director’s report for the fiscal year ending on 31/12/2021; to vote on the auditors’ report for the fiscal year ending on 31/12/2021; to vote on the discharge of the members of the Board of Directors for the fiscal year ending on 31/12/2021; to vote on the amendment of Article of the remuneration policy for the Board of Directors, its committees and the executive management of the company; and to vote on authorizing the Board of Directors to distribute interim dividends on a semi-annual / quarterly basis for the fiscal year 2022. Reported Earnings • Feb 07
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ر.س1.32 (down from ر.س1.51 in FY 2020). Revenue: ر.س921.3m (up 19% from FY 2020). Net income: ر.س46.2m (down 26% from FY 2020). Profit margin: 5.0% (down from 8.0% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Feb 06
Upcoming dividend of ر.س0.45 per share Eligible shareholders must have bought the stock before 13 February 2022. Payment date: 21 February 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.9%. Lower than top quartile of Saudi dividend payers (4.4%). In line with average of industry peers (2.7%). Ankündigung • Feb 01
United Wire Factories Co. Announces the Distribution of Cash Dividend for the Period Ended 2020 and the Second Half of the Year 2021, Payable on February 21, 2022 United Wire Factories Company announces the decision of the Board of Directors to distribute cash dividends to shareholders for the period ended 2020 and the second half of the year 2021. The Total amount distributed is SAR 15,795,000. Dividend per share is SAR 0.45. Provided that the eligibility of the shareholders who own the shares by the end of the maturity date is February 10, 2022 AD and are registered in the company's shareholders register at the Securities Depository Center for trading at the end of the second trading day following the due date. Distribution Date is February 21, 2022. Reported Earnings • Nov 07
Third quarter 2021 earnings released: EPS ر.س0.23 (vs ر.س0.51 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.س185.7m (up 16% from 3Q 2020). Net income: ر.س8.10m (down 55% from 3Q 2020). Profit margin: 4.4% (down from 11% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 28
First quarter 2021 earnings released: EPS ر.س0.46 (vs ر.س0.43 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ر.س226.6m (up 2.9% from 1Q 2020). Net income: ر.س16.1m (up 7.0% from 1Q 2020). Profit margin: 7.1% (up from 6.8% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Ankündigung • Mar 16
United Wire Factories Company, Annual General Meeting, Apr 06, 2021 United Wire Factories Company, Annual General Meeting, Apr 06, 2021, at 16:00 Coordinated Universal Time. Agenda: To consider to vote on the board of director’s report for the fiscal year ending on December 31, 2020; to consider to vote on the auditors’ report for the fiscal year ending on December 31, 2020; to consider to vote on the discharge of the members of the Board of Directors for the fiscal year ending on December 31, 2020; to consider to vote on authorizing the Board of Directors to distribute interim dividends on a semi-annual / quarterly basis for the fiscal year 2021; and to consider other matters. Reported Earnings • Feb 25
Full year 2020 earnings released: EPS ر.س1.77 (vs ر.س0.63 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ر.س777.3m (up 7.3% from FY 2019). Net income: ر.س62.1m (up 181% from FY 2019). Profit margin: 8.0% (up from 3.1% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 17
New 90-day high: ر.س37.90 The company is up 11% from its price of ر.س34.00 on 19 November 2020. The Saudi market is flat over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 15% over the same period. Is New 90 Day High Low • Feb 01
New 90-day high: ر.س36.95 The company is up 22% from its price of ر.س30.20 on 03 November 2020. The Saudi market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 14% over the same period. Is New 90 Day High Low • Dec 16
New 90-day high: ر.س36.30 The company is up 5.0% from its price of ر.س34.55 on 17 September 2020. The Saudi market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 3.0% over the same period. Is New 90 Day High Low • Nov 24
New 90-day high: ر.س35.90 The company is up 15% from its price of ر.س31.25 on 26 August 2020. The Saudi market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 6.0% over the same period. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of ر.س50.0m, up 459% from the prior year. Total revenue was ر.س793.8m over the last 12 months, up 23% from the prior year. Reported Earnings • Oct 22
Third quarter earnings released Over the last 12 months the company has reported total profits of ر.س50.0m, up 459% from the prior year. Total revenue was ر.س793.8m over the last 12 months, up 23% from the prior year. Upcoming Dividend • Sep 21
Upcoming Dividend of ر.س1.00 Per Share Will be paid on the 8th of October to those who are registered shareholders by the 28th of September. The company last paid an ordinary dividend in May 2018. The average dividend yield among industry peers is 2.5%.