Buy Or Sell Opportunity • Aug 11
Now 20% overvalued Over the last 90 days, the stock has fallen 3.0% to ر.س15.45. The fair value is estimated to be ر.س12.83, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 50%. Revenue is forecast to grow by 32% in 2 years. Earnings are forecast to grow by 42% in the next 2 years. Reported Earnings • Jul 28
Second quarter 2026 earnings released: EPS: ر.س0.019 (vs ر.س0.12 in 2Q 2025) Second quarter 2026 results: EPS: ر.س0.019 (down from ر.س0.12 in 2Q 2025). Revenue: ر.س47.1m (down 91% from 2Q 2025). Net income: ر.س20.8m (down 85% from 2Q 2025). Profit margin: 44% (up from 26% in 2Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in Asia. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 102% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ر.س15.34, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Electrical industry in Asia. Total returns to shareholders of 863% over the past three years. Declared Dividend • Jul 25
Dividend of ر.س0.13 announced Shareholders will receive a dividend of ر.س0.13. Ex-date: 5th August 2026 Payment date: 23rd August 2026 Dividend yield will be 3.4%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (40% earnings payout ratio) and cash flows (73% cash payout ratio). The dividend has increased by an average of 24% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 71% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Jul 23
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 6.2% 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 High level of non-cash earnings (35% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.2% average weekly change). Reported Earnings • May 01
First quarter 2026 earnings released: EPS: ر.س0.17 (vs ر.س0.11 in 1Q 2025) First quarter 2026 results: EPS: ر.س0.17 (up from ر.س0.11 in 1Q 2025). Revenue: ر.س661.4m (up 31% from 1Q 2025). Net income: ر.س190.8m (up 55% from 1Q 2025). Profit margin: 29% (up from 24% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has increased by 124% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Apr 23
Upcoming dividend of ر.س0.25 per share Eligible shareholders must have bought the stock before 30 April 2026. Payment date: 17 May 2026. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Saudi dividend payers (5.8%). Higher than average of industry peers (1.1%). Annuncio • Apr 07
Electrical Industries Company, Annual General Meeting, Apr 29, 2026 Electrical Industries Company, Annual General Meeting, Apr 29, 2026, at 19:30 Arab Standard Time. Location: dammam Saudi Arabia Reported Earnings • Mar 09
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: ر.س0.57 (up from ر.س0.36 in FY 2024). Revenue: ر.س2.30b (up 16% from FY 2024). Net income: ر.س629.9m (up 57% from FY 2024). Profit margin: 27% (up from 20% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.7%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electrical industry in Asia. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has increased by 132% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ر.س16.20, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 25x in the Electrical industry in Asia. Total returns to shareholders of 1,292% over the past three years. Declared Dividend • Mar 04
Dividend of ر.س0.13 announced Shareholders will receive a dividend of ر.س0.13. Ex-date: 16th March 2026 Payment date: 29th March 2026 Dividend yield will be 1.6%, which is lower than the industry average of 1.8%. Payout Ratios Payout ratio: 53%. Cash payout ratio: 37%. New Risk • Mar 01
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. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Jan 26
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 9.9% to ر.س12.14. The fair value is estimated to be ر.س10.10, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 57%. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 19% per annum over the same time period. Buy Or Sell Opportunity • Dec 09
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 36% to ر.س12.19. The fair value is estimated to be ر.س10.10, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 57%. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 18% per annum over the same time period. Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: ر.س0.14 (vs ر.س0.11 in 3Q 2024) Third quarter 2025 results: EPS: ر.س0.14 (up from ر.س0.11 in 3Q 2024). Revenue: ر.س560.0m (up 11% from 3Q 2024). Net income: ر.س161.1m (up 33% from 3Q 2024). Profit margin: 29% (up from 24% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electrical industry in Asia. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has increased by 118% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 31
First half dividend of ر.س0.13 announced Shareholders will receive a dividend of ر.س0.13. Ex-date: 10th August 2025 Payment date: 24th August 2025 Dividend yield will be 2.8%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (47% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 59% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 07
First quarter 2025 earnings released: EPS: ر.س0.11 (vs ر.س0.068 in 1Q 2024) First quarter 2025 results: EPS: ر.س0.11 (up from ر.س0.068 in 1Q 2024). Revenue: ر.س506.7m (down 6.5% from 1Q 2024). Net income: ر.س123.4m (up 64% from 1Q 2024). Profit margin: 24% (up from 14% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has increased by 86% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ر.س6.34, the stock trades at a trailing P/E ratio of 17.6x. Average trailing P/E is 25x in the Electrical industry in Asia. Total returns to shareholders of 490% over the past three years. Annuncio • Apr 10
Electrical Industries Company, Annual General Meeting, May 08, 2025 Electrical Industries Company, Annual General Meeting, May 08, 2025, at 19:30 Arab Standard Time. Location: dammam Saudi Arabia New Risk • Apr 06
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 5.3% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.3% average weekly change). Declared Dividend • Mar 12
Final dividend of ر.س0.13 announced Shareholders will receive a dividend of ر.س0.13. Ex-date: 23rd March 2025 Payment date: 13th April 2025 Dividend yield will be 3.6%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (55% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 64% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 11
Full year 2024 earnings released: EPS: ر.س0.36 (vs ر.س0.18 in FY 2023) Full year 2024 results: EPS: ر.س0.36 (up from ر.س0.18 in FY 2023). Revenue: ر.س1.99b (up 27% from FY 2023). Net income: ر.س401.7m (up 100% from FY 2023). Profit margin: 20% (up from 13% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has increased by 80% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Feb 16
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to ر.س7.14. The fair value is estimated to be ر.س8.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Earnings per share has grown by 66%. Buy Or Sell Opportunity • Jan 27
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.4% to ر.س7.32. The fair value is estimated to be ر.س9.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Earnings per share has grown by 66%. Buy Or Sell Opportunity • Jan 06
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at ر.س7.32. The fair value is estimated to be ر.س9.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Earnings per share has grown by 66%. Buy Or Sell Opportunity • Dec 18
Now 21% undervalued Over the last 90 days, the stock has risen 8.5% to ر.س7.40. The fair value is estimated to be ر.س9.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Earnings per share has grown by 66%. Buy Or Sell Opportunity • Nov 26
Now 20% undervalued Over the last 90 days, the stock has risen 19% to ر.س7.54. The fair value is estimated to be ر.س9.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Earnings per share has grown by 66%. Buy Or Sell Opportunity • Nov 03
Now 20% undervalued Over the last 90 days, the stock has risen 28% to ر.س7.76. The fair value is estimated to be ر.س9.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Earnings per share has grown by 66%. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: ر.س0.11 (vs ر.س0.051 in 3Q 2023) Third quarter 2024 results: EPS: ر.س0.11 (up from ر.س0.051 in 3Q 2023). Revenue: ر.س505.8m (up 29% from 3Q 2023). Net income: ر.س121.4m (up 115% from 3Q 2023). Profit margin: 24% (up from 14% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has increased by 90% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Oct 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. CEO, MD & Executive Director Tariq Bin Mohamad Al Tahini was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Jul 29
Second quarter 2024 earnings released: EPS: ر.س0.09 (vs ر.س0.045 in 2Q 2023) Second quarter 2024 results: EPS: ر.س0.09 (up from ر.س0.045 in 2Q 2023). Revenue: ر.س494.9m (up 32% from 2Q 2023). Net income: ر.س100.6m (up 101% from 2Q 2023). Profit margin: 20% (up from 13% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ر.س6.92, the stock trades at a trailing P/E ratio of 31.9x. Average trailing P/E is 28x in the Electrical industry in Asia. Total returns to shareholders of 431% over the past three years. Reported Earnings • May 12
First quarter 2024 earnings released: EPS: ر.س0.068 (vs ر.س0.032 in 1Q 2023) First quarter 2024 results: EPS: ر.س0.068 (up from ر.س0.032 in 1Q 2023). Revenue: ر.س542.1m (up 43% from 1Q 2023). Net income: ر.س75.2m (up 114% from 1Q 2023). Profit margin: 14% (up from 9.2% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 05
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ر.س5.22, the stock trades at a trailing P/E ratio of 28.9x. Average trailing P/E is 28x in the Electrical industry in Asia. Total returns to shareholders of 390% over the past three years. Upcoming Dividend • Mar 25
Upcoming dividend of ر.س0.075 per share Eligible shareholders must have bought the stock before 01 April 2024. Payment date: 24 April 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.3%. Lower than top quartile of Saudi dividend payers (4.4%). Higher than average of industry peers (1.5%). Reported Earnings • Mar 19
Full year 2023 earnings released: EPS: ر.س0.18 (vs ر.س0.085 in FY 2022) Full year 2023 results: EPS: ر.س0.18 (up from ر.س0.085 in FY 2022). Revenue: ر.س1.56b (up 46% from FY 2022). Net income: ر.س201.0m (up 114% from FY 2022). Profit margin: 13% (up from 8.8% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 63% per year whereas the company’s share price has increased by 59% per year. Annuncio • Mar 13
Electrical Industries Co. Announces to Distribute Cash Dividends to the Shareholders for Second Half of Year 2023, Payable on 24 April 2024 Electrical Industries Company announced the Board of directors resolution to distribute cash dividends of SAR 0.075 to the shareholders for the Second Half of year 2023. Distribution Date is 24 April 2024. The eligibility shall be for shareholders who own the shares on 31 of March 2024 and are registered in company-s shareholders- register at Securities Depository Center by the end of the second trading day following the eligibility date. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ر.س5.00, the stock trades at a trailing P/E ratio of 30.7x. Average trailing P/E is 26x in the Electrical industry in Asia. Total returns to shareholders of 392% over the past three years. Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ر.س4.36, the stock trades at a trailing P/E ratio of 26.7x. Average trailing P/E is 24x in the Electrical industry in Asia. Total returns to shareholders of 389% over the past three years. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ر.س3.40, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 27x in the Electrical industry in Asia. Total returns to shareholders of 272% over the past three years. Reported Earnings • Nov 07
Third quarter 2023 earnings released: EPS: ر.س0.05 (vs ر.س0.021 in 3Q 2022) Third quarter 2023 results: EPS: ر.س0.05 (up from ر.س0.021 in 3Q 2022). Revenue: ر.س392.6m (up 60% from 3Q 2022). Net income: ر.س56.4m (up 139% from 3Q 2022). Profit margin: 14% (up from 9.6% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 03
Upcoming dividend of ر.س1.50 per share at 1.8% yield Eligible shareholders must have bought the stock before 10 September 2023. Payment date: 21 September 2023. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of Saudi dividend payers (4.4%). Higher than average of industry peers (1.3%). New Risk • Aug 17
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% 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 Risk High level of non-cash earnings (22% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Aug 17
Second quarter 2023 earnings released: EPS: ر.س0.90 (vs ر.س0.33 in 2Q 2022) Second quarter 2023 results: EPS: ر.س0.90 (up from ر.س0.33 in 2Q 2022). Revenue: ر.س374.7m (up 65% from 2Q 2022). Net income: ر.س50.0m (up 170% from 2Q 2022). Profit margin: 13% (up from 8.2% in 2Q 2022). The increase in margin was driven by higher revenue. 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 42% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jun 21
Now 69% undervalued after recent price drop Over the last 90 days, the stock is down 93%. The fair value is estimated to be ر.س7.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Apr 08
Full year 2022 earnings released: EPS: ر.س2.12 (vs ر.س1.10 in FY 2021) Full year 2022 results: EPS: ر.س2.12 (up from ر.س1.10 in FY 2021). Revenue: ر.س1.07b (up 38% from FY 2021). Net income: ر.س94.2m (up 93% from FY 2021). Profit margin: 8.8% (up from 6.3% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. Independent Director Bader Bin Al Swailem was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Nov 05
Third quarter 2022 earnings released: EPS: ر.س0.53 (vs ر.س0.23 in 3Q 2021) Third quarter 2022 results: EPS: ر.س0.53 (up from ر.س0.23 in 3Q 2021). Revenue: ر.س245.3m (up 18% from 3Q 2021). Net income: ر.س23.6m (up 133% from 3Q 2021). Profit margin: 9.6% (up from 4.9% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 29
Second quarter 2022 earnings released: EPS: ر.س0.42 (vs ر.س0.18 in 2Q 2021) Second quarter 2022 results: EPS: ر.س0.42 (up from ر.س0.18 in 2Q 2021). Revenue: ر.س226.9m (up 37% from 2Q 2021). Net income: ر.س18.5m (up 132% from 2Q 2021). Profit margin: 8.2% (up from 4.8% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 11
First quarter 2022 earnings released: EPS: ر.س0.27 (vs ر.س0.16 in 1Q 2021) First quarter 2022 results: EPS: ر.س0.27 (up from ر.س0.16 in 1Q 2021). Revenue: ر.س229.1m (up 37% from 1Q 2021). Net income: ر.س12.2m (up 75% from 1Q 2021). Profit margin: 5.3% (up from 4.1% 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 90% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. Independent Director Bader Bin Al Swailem was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Annuncio • Mar 31
Electrical Industries Company, Annual General Meeting, Apr 20, 2022 Electrical Industries Company, Annual General Meeting, Apr 20, 2022, at 18:30 Coordinated Universal Time. Buying Opportunity • Feb 25
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 6.1%. The fair value is estimated to be ر.س33.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. The company has become profitable over the last year. Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improved over the past week After last week's 16% share price gain to ر.س28.80, the stock trades at a trailing P/E ratio of 24.2x. Average trailing P/E is 28x in the Electrical industry in Asia. Total returns to shareholders of 69% over the past three years. Reported Earnings • Nov 02
Third quarter 2021 earnings released: EPS ر.س0.23 (vs ر.س0.15 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ر.س207.6m (up 40% from 3Q 2020). Net income: ر.س10.1m (up 50% from 3Q 2020). Profit margin: 4.9% (up from 4.6% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% 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 • Aug 21
Second quarter 2021 earnings released: EPS ر.س0.18 (vs ر.س0.26 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ر.س165.6m (up 51% from 2Q 2020). Net income: ر.س8.00m (up ر.س19.6m from 2Q 2020). Profit margin: 4.8% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Reported Earnings • May 11
First quarter 2021 earnings released: EPS ر.س0.16 (vs ر.س0.019 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ر.س167.8m (up 20% from 1Q 2020). Net income: ر.س6.96m (up ر.س6.11m from 1Q 2020). Profit margin: 4.1% (up from 0.6% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Annuncio • Apr 27
Electrical Industries Company Approves Cash Dividend for the Year Ended December 31, 2020, Distribution Will Start on May 9, 2021 Electrical Industries Company announced at the Ordinary General Assembly Meeting held on April 26, 2021 that the company approved to distribute cash dividends to the shareholders for the fiscal year ended on December 31, 2020 amounting to SR (22,5) million, at SR (0.5) per share, representing (5%) of the nominal value per share. Dividends distribution will start on May 9, 2021. Reported Earnings • Mar 21
Full year 2020 earnings released: EPS ر.س0.53 (vs ر.س0.89 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ر.س648.7m (up 12% from FY 2019). Net income: ر.س23.9m (up ر.س64.1m from FY 2019). Profit margin: 3.7% (up from net loss in FY 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 92% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Annuncio • Mar 18
Electrical Industries Company Proposes Dividend for the Year Ended 31 December 2020 Electrical Industries Company proposed dividend for the year ended 31 December 2020. The company announced dividend of SAR 0.5 per share at its
meeting will be held on 16 March 2021. Is New 90 Day High Low • Mar 16
New 90-day high: ر.س28.55 The company is up 6.0% from a price of ر.س27.05 on 16 December 2020. Outperformed the Saudi market which is up 3.0% over the last 90 days. Exceeded the Electrical industry, which is up 5.0% over the same period. Is New 90 Day High Low • Dec 17
New 90-day high: ر.س28.30 The company is up 38% from its price of ر.س20.46 on 17 September 2020. The Saudi market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 14% over the same period. Annuncio • Nov 18
Electrical Industries Co Announces on Signing One of Its Subsidiaries Technical Support Agreement with Schneider Electric Co Electrical Industries Co announced to its shareholders that one of its subsidiaries (WESCOSA) has signed a technical support agreement with Schneider Electric Co. to provide technical support for the manufacture of Low Voltage Switchgears at the Company-s facilities. Date of signing was November 17, 2020. Duration of the Agreement is 5 years. The purpose of the Agreement is providing technical support for manufacturing low voltage switchgear products. The financial impact of the agreement is expected to be in 2022. It is worth mentioning that Schneider Electric is one of the leading multinational companies in electrical and energy field. Signing this agreement is part of the Company's plan aiming to entering into partnerships with international companies to diversify and support its products. Annuncio • Nov 16
Electrical Industries Co Announces on Signing Optional Supply Agreements with Saudi Electricity Company Electrical Industries Co announced to its shareholders on signing two of its subsidiaries (WESCOSA and STC) Optional supply Agreements (binding only to EIC) with SEC to supply Electrical equipment. Contract Value: Approximately 110 million SAR (One Hundred and Ten million). As per the agreements, EIC through its two subsidiaries (WESCOSA & STC) will supply electrical equipment to SEC. The agreements will be valid up to March 30, 2022.