About 9552

Founded: 2006
Employees: n/a
CEO: Wail Majid Al Jaaidi
WebsiteView website: stp.com.sa

Saudi Top for Trading Company engages in the manufacture and trade of plastic materials in the Kingdom of Saudi Arabia, Asia, the Middle East, Africa, and Europe. The company operates in two segments, Trading and Industrial. It offers industrial waxes, compounding solutions, high- and low-density polyethylene, polyethylene terephthalate, styrene acrylonitrile, acrylonitrile butadiene styrene, polymethyl methacrylate, polypropylene, synthetic fibers, nylon, ethylene vinyl acetate, ethylene propylene diene monomer, bisphenol A, polyAI, and rubber. The company also provides industrial thread, painting and coloring material, and industrial solvents. In addition, it sells tools and plastic materials, including bags. Further, the company provides logistics, construction, and packaging solutions. Saudi Top for Trading Company was founded in 2006 and is headquartered in Riyadh, Saudi Arabia.

Recent 9552 News & Updates

New Risk • Mar 26

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 Risks Dividend is not well covered by earnings and cash flows. Dividend per share is over 10x earnings per share. Paying a dividend despite having no free cash flows. High level of non-cash earnings (22% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Market cap is less than US$100m (ر.س268.4m market cap, or US$71.5m).

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About 9552

Recent 9552 News & Updates

Now 24% overvalued after recent price rise

Saudi Top for Trading's (TADAWUL:9552) Earnings Are Of Questionable Quality

New major risk - Earnings quality

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