New Risk • Apr 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 6.4% 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 (45% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.4% average weekly change). New Risk • Apr 22
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 45% 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 (45% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. 공시 • Apr 16
Mohammed Hadi Al-Rasheed Company, Annual General Meeting, May 10, 2026 Mohammed Hadi Al-Rasheed Company, Annual General Meeting, May 10, 2026, at 20:00 Arab Standard Time. Location: riyadh Saudi Arabia 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.س80.00, the stock trades at a trailing P/E ratio of 16.9x. Average trailing P/E is 16x in the Basic Materials industry in Saudi Arabia. Total loss to shareholders of 1.1% over the past year. Reported Earnings • Apr 07
Full year 2025 earnings released: EPS: ر.س4.72 (vs ر.س4.49 in FY 2024) Full year 2025 results: EPS: ر.س4.72 (up from ر.س4.49 in FY 2024). Revenue: ر.س347.7m (up 13% from FY 2024). Net income: ر.س85.0m (up 5.3% from FY 2024). Profit margin: 24% (down from 26% in FY 2024). The decrease in margin was driven by higher expenses. New Risk • Mar 23
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 High level of non-cash earnings (34% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Dividend is not well covered by cash flows (394% cash payout ratio). New Risk • Jan 13
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 34% 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 (7.7% average weekly change). High level of non-cash earnings (34% accrual ratio). Minor Risk Dividend is not well covered by cash flows (394% cash payout ratio). Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment deteriorates as stock falls 29% After last week's 29% share price decline to ر.س77.60, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 17x in the Basic Materials industry in Saudi Arabia. Total loss to shareholders of 3.6% over the past year. Valuation Update With 7 Day Price Move • Oct 09
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ر.س130, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 18x in the Basic Materials industry in Saudi Arabia. Total returns to shareholders of 75% over the past year. New Risk • Oct 03
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 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: Major Risk Share price has been highly volatile over the past 3 months (8.7% average weekly change). Minor Risk Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ر.س121, the stock trades at a trailing P/E ratio of 18x. Average trailing P/E is 18x in the Basic Materials industry in Saudi Arabia. Total returns to shareholders of 248% over the past year. 공시 • May 12
Mohammed Hadi Al Rasheed and Partners Co. Announces Distribution of Dividend for the Fiscal Year Ended December 31, 2024 Mohammed Hadi Al Rasheed and Partners Co. announced Approval of the Board of Directors' recommendation to distribute cash dividends amounting to SAR 24,000,000 (Twenty-Four Million Saudi Riyals) to the shareholders, at SAR 2 per share, representing 20% of the capital. The entitlement will be for shareholders holding shares by the end of the trading day of the General Assembly meeting and registered in the company's shareholders' register at the Securities Depository Center (Edaa) by the end of the second trading day following the entitlement date. Upcoming Dividend • May 04
Upcoming dividend of ر.س2.00 per share Eligible shareholders must have bought the stock before 11 May 2025. Payment date: 15 May 2025. Trailing yield: 3.5%. Lower than top quartile of Saudi dividend payers (5.3%). Lower than average of industry peers (4.8%). Buy Or Sell Opportunity • Apr 27
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 18% to ر.س121. The fair value is estimated to be ر.س98.24, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last year. Earnings per share has grown by 142%. 공시 • Apr 17
Mohammed Hadi Al-Rasheed Company, Annual General Meeting, May 08, 2025 Mohammed Hadi Al-Rasheed Company, Annual General Meeting, May 08, 2025, at 20:00 Arab Standard Time. Location: riyadh Saudi Arabia Buy Or Sell Opportunity • Apr 10
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 33% to ر.س125. The fair value is estimated to be ر.س98.49, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last year. Earnings per share has grown by 142%. 공시 • Apr 08
Mohammed Hadi Al-Rasheed & Partners Co. Proposes to Distribute Cash Dividends to Shareholders for the Fiscal Year Ending December 31, 2024 Mohammed Hadi Al-Rasheed & Partners Co. announced the Board of Directors’ recommendation to distribute cash dividends to shareholders for the fiscal year ending December 31, 2024. The Total amount distributed is 24,000,000, Number of Shares Eligible for Dividends is 12,000,000 and Dividend per share is 2. Percentage of Dividend to the Share Par Value (%); 20. Following the approval of this recommendation by the General Assembly, the entitlement to dividends will be for the company’s shareholders who own shares at the end of the trading day on which the General Assembly is convened, and who are registered in the company’s shareholder register with the Securities Depository Center Company (Edaa) by the end of the second trading day following the date of the General Assembly meeting. The date of the meeting will be announced later after obtaining the necessary official approvals. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ر.س169, the stock trades at a trailing P/E ratio of 29.4x. Average trailing P/E is 21x in the Basic Materials industry in Saudi Arabia. New Risk • Feb 28
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: Major Risk Share price has been highly volatile over the past 3 months (8.8% average weekly change). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ر.س143, the stock trades at a trailing P/E ratio of 24.9x. Average trailing P/E is 22x in the Basic Materials industry in Saudi Arabia. Buy Or Sell Opportunity • Jan 29
Now 31% overvalued after recent price rise Over the last 90 days, the stock has risen 61% to ر.س125. The fair value is estimated to be ر.س95.64, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last year. Earnings per share has grown by 142%. Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ر.س97.90, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 21x in the Basic Materials industry in Saudi Arabia. Buy Or Sell Opportunity • Dec 02
Now 20% undervalued Over the last 90 days, the stock has risen 14% to ر.س76.40. The fair value is estimated to be ر.س95.63, 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 year. Earnings per share has grown by 142%. Buy Or Sell Opportunity • Oct 30
Now 20% undervalued Over the last 90 days, the stock has risen 11% to ر.س76.20. The fair value is estimated to be ر.س95.67, 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 year. Earnings per share has grown by 142%. Buy Or Sell Opportunity • Oct 09
Now 21% undervalued Over the last 90 days, the stock has risen 46% to ر.س75.60. The fair value is estimated to be ر.س96.05, 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 year. Earnings per share has grown by 142%. Buy Or Sell Opportunity • Sep 16
Now 21% undervalued Over the last 90 days, the stock has risen 144% to ر.س76.00. The fair value is estimated to be ر.س96.33, 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 year. Earnings per share has grown by 142%. Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ر.س68.00, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 25x in the Basic Materials industry in Saudi Arabia. Buy Or Sell Opportunity • Aug 20
Now 27% undervalued The stock has been flat over the last 90 days, currently trading at ر.س72.50. The fair value is estimated to be ر.س99.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last year. Earnings per share has grown by 81%. Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ر.س69.00, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 24x in the Basic Materials industry in Saudi Arabia.