Aankondiging • May 08
Thob Al Aseel Company, Annual General Meeting, Jun 11, 2026 Thob Al Aseel Company, Annual General Meeting, Jun 11, 2026, at 20:30 Arab Standard Time. Location: riyadh Saudi Arabia Reported Earnings • May 01
First quarter 2026 earnings released: EPS: ر.س0.17 (vs ر.س0.16 in 1Q 2025) First quarter 2026 results: EPS: ر.س0.17 (up from ر.س0.16 in 1Q 2025). Revenue: ر.س252.8m (up 12% from 1Q 2025). Net income: ر.س66.4m (up 5.4% from 1Q 2025). Profit margin: 26% (down from 28% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 06
Full year 2025 earnings released: EPS: ر.س0.25 (vs ر.س0.21 in FY 2024) Full year 2025 results: EPS: ر.س0.25 (up from ر.س0.21 in FY 2024). Revenue: ر.س528.2m (up 1.1% from FY 2024). Net income: ر.س100.1m (up 19% from FY 2024). Profit margin: 19% (up from 16% in FY 2024). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Declared Dividend • Feb 20
Dividend of ر.س0.10 announced Dividend of ر.س0.10 is the same as last year. Ex-date: 24th February 2026 Payment date: 15th March 2026 Dividend yield will be 5.3%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (89% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has increased by an average of 3.2% per year over the past 9 years. However, payments have been volatile during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ر.س3.83, the stock trades at a trailing P/E ratio of 17.1x. Average trailing P/E is 17x in the Luxury industry in Asia. Total returns to shareholders of 12% over the past three years. Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: ر.س0.01 (vs ر.س0.014 in 3Q 2024) Third quarter 2025 results: EPS: ر.س0.01. Revenue: ر.س81.0m (up 3.1% from 3Q 2024). Net income: ر.س5.99m (up 7.2% from 3Q 2024). Profit margin: 7.4% (up from 7.1% in 3Q 2024). The increase in margin was driven by higher revenue. Reported Earnings • Jul 30
Second quarter 2025 earnings released: EPS: ر.س0.02 (vs ر.س0.067 in 2Q 2024) Second quarter 2025 results: EPS: ر.س0.02 (down from ر.س0.067 in 2Q 2024). Revenue: ر.س87.4m (down 25% from 2Q 2024). Net income: ر.س9.23m (down 65% from 2Q 2024). Profit margin: 11% (down from 23% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Declared Dividend • Jul 24
Dividend increased to ر.س0.10 Dividend of ر.س0.10 is 11% higher than last year. Ex-date: 28th July 2025 Payment date: 1st January 1970 Dividend yield will be 5.0%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 3.0% per year over the past 8 years. However, payments have been volatile during that time. Earnings per share has grown by 5.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Aankondiging • May 28
Thob Al Aseel Company, Annual General Meeting, Jun 18, 2025 Thob Al Aseel Company, Annual General Meeting, Jun 18, 2025, at 19:15 Arab Standard Time. Location: riyadh Saudi Arabia Reported Earnings • May 16
First quarter 2025 earnings released: EPS: ر.س0.16 (vs ر.س0.10 in 1Q 2024) First quarter 2025 results: EPS: ر.س0.16 (up from ر.س0.10 in 1Q 2024). Revenue: ر.س225.5m (up 6.8% from 1Q 2024). Net income: ر.س63.0m (up 57% from 1Q 2024). Profit margin: 28% (up from 19% in 1Q 2024). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Mar 13
Full year 2024 earnings released: EPS: ر.س0.21 (vs ر.س0.19 in FY 2023) Full year 2024 results: EPS: ر.س0.21 (up from ر.س0.19 in FY 2023). Revenue: ر.س522.5m (down 1.8% from FY 2023). Net income: ر.س83.9m (up 9.1% from FY 2023). Profit margin: 16% (up from 14% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Mar 06
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.8% to ر.س3.94. The fair value is estimated to be ر.س4.94, 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. Earnings per share has grown by 16%. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: ر.س0.01 (vs ر.س0.013 in 3Q 2023) Third quarter 2024 results: EPS: ر.س0.01. Revenue: ر.س78.6m (up 7.4% from 3Q 2023). Net income: ر.س5.59m (up 8.4% from 3Q 2023). Profit margin: 7.1% (in line with 3Q 2023). Reported Earnings • Aug 03
Second quarter 2024 earnings released: EPS: ر.س0.067 (vs ر.س0.081 in 2Q 2023) Second quarter 2024 results: EPS: ر.س0.067 (down from ر.س0.081 in 2Q 2023). Revenue: ر.س116.4m (down 29% from 2Q 2023). Net income: ر.س26.7m (down 18% from 2Q 2023). Profit margin: 23% (up from 20% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Declared Dividend • Jul 28
Dividend of ر.س0.09 announced Shareholders will receive a dividend of ر.س0.09. Ex-date: 4th August 2024 Payment date: 1st January 1970 Dividend yield will be 4.2%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (84% earnings payout ratio) and cash flows (63% cash payout ratio). The dividend has increased by an average of 4.2% per year over the past 7 years. However, payments have been volatile during that time. Earnings per share has grown by 8.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Aankondiging • Jun 05
Thob Al Aseel Company, Annual General Meeting, Jun 27, 2024 Thob Al Aseel Company, Annual General Meeting, Jun 27, 2024, at 20:15 Arab Standard Time. Location: riyadh Saudi Arabia Reported Earnings • May 11
First quarter 2024 earnings released: EPS: ر.س0.01 (vs ر.س0.069 in 1Q 2023) First quarter 2024 results: EPS: ر.س0.01. Revenue: ر.س211.2m (up 11% from 1Q 2023). Net income: ر.س40.1m (up 44% from 1Q 2023). Profit margin: 19% (up from 15% in 1Q 2023). The increase in margin was driven by higher revenue. New Risk • Nov 14
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 3.3% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (91% payout ratio). Share price has been volatile over the past 3 months (5.7% average weekly change). Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ر.س5.15, the stock trades at a trailing P/E ratio of 28.9x. Average trailing P/E is 19x in the Luxury industry in Asia. Total returns to shareholders of 34% over the past three years. Reported Earnings • Nov 03
Third quarter 2023 earnings released: EPS: ر.س0.01 (vs ر.س0.009 in 3Q 2022) Third quarter 2023 results: EPS: ر.س0.01 (up from ر.س0.009 in 3Q 2022). Revenue: ر.س73.1m (up 12% from 3Q 2022). Net income: ر.س5.16m (up 41% from 3Q 2022). Profit margin: 7.0% (up from 5.6% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: ر.س0.08 (vs ر.س0.063 in 2Q 2022) Second quarter 2023 results: EPS: ر.س0.08 (up from ر.س0.063 in 2Q 2022). Revenue: ر.س163.1m (up 4.1% from 2Q 2022). Net income: ر.س32.5m (up 30% from 2Q 2022). Profit margin: 20% (up from 16% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. New Risk • Jul 02
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 Dividend is not well covered by earnings and cash flows. Payout ratio: 96% Cash payout ratio: 106% Earnings have declined by 5.2% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (5.7% average weekly change). Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment deteriorates as stock falls 89% After last week's 89% share price decline to ر.س5.21, the stock trades at a trailing P/E ratio of 3.3x. Average trailing P/E is 17x in the Luxury industry in Asia. Total loss to shareholders of 85% over the past three years. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Director Tariq Saad Al-Tuwaijri was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 03
Third quarter 2022 earnings released: EPS: ر.س0.091 (vs ر.س0.089 in 3Q 2021) Third quarter 2022 results: EPS: ر.س0.091 (up from ر.س0.089 in 3Q 2021). Revenue: ر.س65.4m (down 22% from 3Q 2021). Net income: ر.س3.66m (up 2.2% from 3Q 2021). Profit margin: 5.6% (up from 4.3% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 02
Investor sentiment improved over the past week After last week's 15% share price gain to ر.س36.95, the stock trades at a trailing P/E ratio of 26.7x. Average trailing P/E is 13x in the Luxury industry in Asia. Total returns to shareholders of 52% over the past three years. Reported Earnings • Aug 08
Second quarter 2022 earnings released: EPS: ر.س0.63 (vs ر.س0.86 in 2Q 2021) Second quarter 2022 results: EPS: ر.س0.63 (down from ر.س0.86 in 2Q 2021). Revenue: ر.س156.6m (down 6.8% from 2Q 2021). Net income: ر.س25.0m (down 27% from 2Q 2021). Profit margin: 16% (down from 21% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Aankondiging • Jul 28
Thob Al Aseel Company Declares Cash Dividends to Shareholders for the First Half of the Fiscal Year 2022 Thob Al Aseel Company announced the Board of Directors decision to distribute cash dividends to shareholders for the first half of the fiscal year 2022. Dividend per share is SAR 0.75. To the company's shareholders who own shares at the end of trading on the due date August 3, 2022. and who are registered in the company's shareholders register with the Securities Depository Center Company (Edaa) at the end of the second trading day following the due date. Dividends will be paid within 15 working days of the due date. Aankondiging • Jun 06
Thob Al Aseel Company, Annual General Meeting, Jun 26, 2022 Thob Al Aseel Company, Annual General Meeting, Jun 26, 2022, at 17:30 Coordinated Universal Time. Agenda: To consider voting on the report of the Board of Directors for the fiscal year ending on December 31, 2021 AD; to consider voting on the company's auditor's report for the fiscal year ending on December 31, 2021 AD; to consider voting on the financial statements for the fiscal year ending on December 31, 2021 AD; to consider voting to absolve the members of the board of directors from liability for the fiscal year ending on December 31, 2021 AD; to consider voting on appointing an auditor for the company from among the candidates according to the recommendation of the Audit Committee, to examine, review and audit the financial statements for the second, third and fourth quarters of the fiscal year 2022 AD and the first quarter of the fiscal year 2023 AD, and to determine their fees; and to transact other business. Reported Earnings • May 01
First quarter 2022 earnings released: EPS: ر.س0.47 (vs ر.س0.35 in 1Q 2021) First quarter 2022 results: EPS: ر.س0.47 (up from ر.س0.35 in 1Q 2021). Revenue: ر.س186.3m (up 34% from 1Q 2021). Net income: ر.س19.0m (up 36% from 1Q 2021). Profit margin: 10% (in line with 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Director Tariq Saad Al-Tuwaijri was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 06
Upcoming dividend of ر.س0.75 per share Eligible shareholders must have bought the stock before 13 April 2022. Payment date: 26 April 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.5%. Lower than top quartile of Saudi dividend payers (4.1%). Higher than average of industry peers (2.1%). Reported Earnings • Mar 01
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ر.س1.49 (down from ر.س2.06 in FY 2020). Revenue: ر.س481.9m (down 8.6% from FY 2020). Net income: ر.س59.7m (down 28% from FY 2020). Profit margin: 12% (down from 16% in FY 2020). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Feb 22
Thob Al Aseel Co. Announces the Distribution of Cash Dividend for Second Half of Fiscal Year 2021 Thob Al-Aseel Co announced its Board of Directors decision to distribute cash dividend for the Second half of fiscal year 2021 of SAR 0.75 per share. Dividends will be paid within 15 working days of the due date. Reported Earnings • Nov 07
Third quarter 2021 earnings released: EPS ر.س0.12 (vs ر.س0.15 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ر.س83.3m (down 24% from 3Q 2020). Net income: ر.س3.58m (down 40% from 3Q 2020). Profit margin: 4.3% (down from 5.4% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jul 27
Second quarter 2021 earnings released: EPS ر.س1.15 (vs ر.س1.74 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ر.س168.1m (down 13% from 2Q 2020). Net income: ر.س34.5m (down 34% from 2Q 2020). Profit margin: 21% (down from 27% in 2Q 2020). The decrease in margin was driven by lower revenue. Reported Earnings • May 08
First quarter 2021 earnings released: EPS ر.س0.47 (vs ر.س0.58 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: ر.س138.8m (up 18% from 1Q 2020). Net income: ر.س14.0m (down 20% from 1Q 2020). Profit margin: 10% (down from 15% in 1Q 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Feb 22
Full year 2020 earnings released: EPS ر.س2.75 (vs ر.س2.68 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: ر.س527.3m (up 11% from FY 2019). Net income: ر.س82.4m (up 2.5% from FY 2019). Profit margin: 16% (down from 17% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Feb 01
New 90-day high: ر.س92.40 The company is up 80% from its price of ر.س51.40 on 03 November 2020. The Saudi market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 12% over the same period. Is New 90 Day High Low • Jan 12
New 90-day high: ر.س87.20 The company is up 45% from its price of ر.س60.20 on 14 October 2020. The Saudi market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 12% over the same period. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improved over the past week After last week's 16% share price gain to ر.س81.40, the stock is trading at a trailing P/E ratio of 28.3x, up from the previous P/E ratio of 24.3x. This compares to an average P/E of 18x in the Luxury industry in Asia. Total returns to shareholders over the past three years are 221%. Is New 90 Day High Low • Dec 18
New 90-day high: ر.س66.70 The company is up 15% from its price of ر.س58.20 on 17 September 2020. The Saudi market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 13% over the same period. Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment improved over the past week After last week's 16% share price gain to ر.س64.00, the stock is trading at a trailing P/E ratio of 22.2x, up from the previous P/E ratio of 19.2x. This compares to an average P/E of 18x in the Luxury industry in Asia. Total returns to shareholders over the past three years are 149%. Is New 90 Day High Low • Oct 26
New 90-day low: ر.س53.50 The company is down 2.0% from its price of ر.س54.60 on 28 July 2020. The Saudi market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 16% over the same period. Reported Earnings • Oct 23
Third quarter earnings released Over the last 12 months the company has reported total profits of ر.س86.4m, up 20% from the prior year. Total revenue was ر.س527.6m over the last 12 months, up 18% from the prior year.