Valuation Update With 7 Day Price Move • 1h
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ر.س23.00, the stock trades at a trailing P/E ratio of 34.5x. Average trailing P/E is 20x in the IT industry in Saudi Arabia. Total loss to shareholders of 55% over the past three years. Annonce • Apr 21
Naseej for Technology Co., Annual General Meeting, May 07, 2026 Naseej for Technology Co., Annual General Meeting, May 07, 2026, at 19:00 Arab Standard Time. Location: riyadh Saudi Arabia Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ر.س42.90, the stock trades at a trailing P/E ratio of 41.6x. Average trailing P/E is 21x in the IT industry in Saudi Arabia. Total loss to shareholders of 43% over the past three years. New Risk • Apr 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Saudi stocks, typically moving 8.1% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.1% average weekly change). Earnings have declined by 26% per year over the past 5 years. Minor Risk Market cap is less than US$100m (ر.س195.0m market cap, or US$52.0m). Reported Earnings • Mar 26
Full year 2025 earnings released: EPS: ر.س1.03 (vs ر.س0.76 in FY 2024) Full year 2025 results: EPS: ر.س1.03 (up from ر.س0.76 in FY 2024). Revenue: ر.س227.6m (down 7.8% from FY 2024). Net income: ر.س5.15m (up 36% from FY 2024). Profit margin: 2.3% (up from 1.5% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. New Risk • Mar 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 5.7% 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 Earnings have declined by 23% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (5.7% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.0% net profit margin). Market cap is less than US$100m (ر.س203.0m market cap, or US$54.1m). New Risk • Mar 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 23% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.0% net profit margin). Market cap is less than US$100m (ر.س214.9m market cap, or US$57.3m). Board Change • Dec 25
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. New Risk • Jul 11
New major risk - Revenue and earnings growth Earnings have declined by 3.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 3.8% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.5% net profit margin). Market cap is less than US$100m (ر.س245.0m market cap, or US$65.3m). Annonce • Jun 04
Naseej for Technology Co., Annual General Meeting, Jun 24, 2025 Naseej for Technology Co., Annual General Meeting, Jun 24, 2025, at 19:30 Arab Standard Time. Location: riyadh Saudi Arabia New Risk • May 26
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 6.7% 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 Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (6.7% average weekly change). Profit margins are more than 30% lower than last year (4.4% net profit margin). Market cap is less than US$100m (ر.س249.5m market cap, or US$66.5m). New Risk • Mar 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Profit margins are more than 30% lower than last year (4.4% net profit margin). Market cap is less than US$100m (ر.س315.0m market cap, or US$84.0m). Valuation Update With 7 Day Price Move • Oct 29
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ر.س70.00, the stock trades at a trailing P/E ratio of 35x. Average trailing P/E is 30x in the IT industry in Saudi Arabia. Total returns to shareholders of 17% over the past year. New Risk • Jun 13
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.8% average weekly change). High level of non-cash earnings (25% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (6.1% net profit margin). Market cap is less than US$100m (ر.س300.0m market cap, or US$80.0m). Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ر.س53.00, the stock trades at a trailing P/E ratio of 16.2x. Average trailing P/E is 36x in the IT industry in Saudi Arabia. Total loss to shareholders of 24% over the past year. New Risk • May 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Saudi stocks, typically moving 8.8% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.8% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (ر.س276.5m market cap, or US$73.7m). Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ر.س65.00, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 37x in the IT industry in Saudi Arabia. Total loss to shareholders of 13% over the past year. New Risk • Mar 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.4% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (ر.س350.0m market cap, or US$93.3m). Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ر.س70.00, the stock trades at a trailing P/E ratio of 21.4x. Average trailing P/E is 36x in the IT industry in Saudi Arabia. Total loss to shareholders of 11% over the past year. Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ر.س65.30, the stock trades at a trailing P/E ratio of 20x. Average trailing P/E is 28x in the IT industry in Saudi Arabia. Total loss to shareholders of 6.6% over the past year. Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment improved over the past week After last week's 19% share price gain to ر.س80.00, the stock trades at a trailing P/E ratio of 21.7x. Average trailing P/E is 25x in the IT industry in Saudi Arabia. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment deteriorated over the past week After last week's 20% share price decline to ر.س87.00, the stock trades at a trailing P/E ratio of 21x. Average trailing P/E is 35x in the IT industry in Saudi Arabia. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improved over the past week After last week's 44% share price gain to ر.س122, the stock trades at a trailing P/E ratio of 29.5x. Average trailing P/E is 31x in the IT industry in Saudi Arabia. Buying Opportunity • Jun 20
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be ر.س109, however this is not to be taken as a buy recommendation but rather should be used as a guide only.