Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ر.س41.98, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 17x in the Media industry in Asia. Total loss to shareholders of 32% over the past year. Reported Earnings • Apr 03
Full year 2025 earnings released: EPS: ر.س4.01 (vs ر.س5.71 in FY 2024) Full year 2025 results: EPS: ر.س4.01 (down from ر.س5.71 in FY 2024). Revenue: ر.س167.3m (up 1.1% from FY 2024). Net income: ر.س26.5m (down 24% from FY 2024). Profit margin: 16% (down from 21% in FY 2024). The decrease in margin was driven by higher expenses. New Risk • Mar 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 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 (36% accrual ratio). 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 (7.0% average weekly change). Profit margins are more than 30% lower than last year (20% net profit margin). Market cap is less than US$100m (ر.س250.0m market cap, or US$66.6m). New Risk • Feb 10
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 6.9% 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 (6.9% average weekly change). High level of non-cash earnings (36% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (20% net profit margin). Market cap is less than US$100m (ر.س231.0m market cap, or US$61.6m). Buy Or Sell Opportunity • Jan 08
Now 21% overvalued Over the last 90 days, the stock has fallen 13% to ر.س33.62. The fair value is estimated to be ر.س27.88, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.5% over the last year. Earnings per share has declined by 41%. New Risk • Dec 28
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 5.4% 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 Risks Revenue has declined by 7.5% over the past year. High level of non-cash earnings (21% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Share price has been volatile over the past 3 months (5.4% average weekly change). Profit margins are more than 30% lower than last year (21% net profit margin). Market cap is less than US$100m (ر.س214.1m market cap, or US$57.1m). Buy Or Sell Opportunity • Dec 24
Now 21% overvalued Over the last 90 days, the stock has fallen 11% to ر.س33.70. The fair value is estimated to be ر.س27.88, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.5% over the last year. Earnings per share has declined by 41%. Buy Or Sell Opportunity • Dec 02
Now 24% overvalued Over the last 90 days, the stock has fallen 13% to ر.س34.60. The fair value is estimated to be ر.س27.88, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.5% over the last year. Earnings per share has declined by 41%. New Risk • Oct 10
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 Risks Revenue has declined by 7.5% over the past year. High level of non-cash earnings (21% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Share price has been volatile over the past 3 months (6.3% average weekly change). Profit margins are more than 30% lower than last year (21% net profit margin). Market cap is less than US$100m (ر.س255.7m market cap, or US$68.2m). Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ر.س40.50, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 20x in the Media industry in Saudi Arabia. New Risk • Jul 21
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 Risks Revenue has declined by 7.5% over the past year. High level of non-cash earnings (21% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (5.7% average weekly change). Profit margins are more than 30% lower than last year (21% net profit margin). Market cap is less than US$100m (ر.س373.9m market cap, or US$99.7m). 공지 • Jun 05
Mufeed Company, Annual General Meeting, Jun 26, 2025 Mufeed Company, Annual General Meeting, Jun 26, 2025, at 19:20 Arab Standard Time. Location: riyadh Saudi Arabia New Risk • May 12
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ر.س374.2m (US$99.8m) 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. Currently, the following risks have been identified for the company: Major Risks Revenue has declined by 7.5% over the past year. High level of non-cash earnings (21% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (21% net profit margin). Market cap is less than US$100m (ر.س374.2m market cap, or US$99.8m). Board Change • Apr 23
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. CEO & Vice Chairman Wafi Al Qahtani is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.