New Risk • 8h
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 20% 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 (20% accrual ratio). Minor Risks Dividend is not well covered by cash flows (96% cash payout ratio). Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (ر.س360.5m market cap, or US$96.0m). Declared Dividend • Aug 14
First half dividend of ر.س0.10 announced Dividend of ر.س0.10 is the same as last year. Ex-date: 26th August 2026 Payment date: 6th September 2026 Dividend yield will be 4.8%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (58% earnings payout ratio) but not adequately covered by cash flows (96% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Earnings per share has grown by 5.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 13
First half 2026 earnings released: EPS: ر.س0.23 (vs ر.س0.24 in 1H 2025) First half 2026 results: EPS: ر.س0.23 (down from ر.س0.24 in 1H 2025). Revenue: ر.س77.2m (up 3.5% from 1H 2025). Net income: ر.س18.7m (down 1.3% from 1H 2025). Profit margin: 24% (down from 25% in 1H 2025). The decrease in margin was driven by higher expenses. Buy Or Sell Opportunity • Aug 01
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to ر.س4.00. The fair value is estimated to be ر.س5.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Earnings per share has grown by 11%. New Risk • Jul 30
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: Minor Risks Share price has been volatile over the past 3 months (5.7% average weekly change). Market cap is less than US$100m (ر.س347.5m market cap, or US$92.5m). New Risk • Jun 11
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ر.س371.0m (US$98.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. 공고 • Apr 10
Lamasat Company, Annual General Meeting, Apr 30, 2026 Lamasat Company, Annual General Meeting, Apr 30, 2026, at 18:30 Arab Standard Time. Location: medina Saudi Arabia Reported Earnings • Apr 05
Full year 2025 earnings released: EPS: ر.س0.44 (vs ر.س0.42 in FY 2024) Full year 2025 results: EPS: ر.س0.44 (up from ر.س0.42 in FY 2024). Revenue: ر.س145.6m (up 5.9% from FY 2024). Net income: ر.س35.4m (up 13% from FY 2024). Profit margin: 24% (up from 23% in FY 2024). The increase in margin was driven by higher revenue. New Risk • Mar 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ر.س372.6m (US$99.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (ر.س372.6m market cap, or US$99.3m). New Risk • Mar 05
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. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Oct 15
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to ر.س5.52. The fair value is estimated to be ر.س7.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last year. Earnings per share has declined by 2.5%. Buy Or Sell Opportunity • Sep 28
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to ر.س5.65. The fair value is estimated to be ر.س7.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last year. Earnings per share has declined by 2.5%. Buy Or Sell Opportunity • Sep 08
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 18% to ر.س5.60. The fair value is estimated to be ر.س7.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last year. Earnings per share has declined by 2.5%. Upcoming Dividend • Aug 18
Upcoming dividend of ر.س0.10 per share Eligible shareholders must have bought the stock before 25 August 2025. Payment date: 11 September 2025. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Saudi dividend payers (5.4%). Higher than average of industry peers (1.6%). New Risk • Jun 19
New minor risk - Dividend sustainability The company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 2.3% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. 공고 • Jun 05
Lamasat Company, Annual General Meeting, Jun 26, 2025 Lamasat Company, Annual General Meeting, Jun 26, 2025, at 19:30 Arab Standard Time. Location: medina Saudi Arabia