| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 2/6 |
| Past Performance | 0/6 |
| Financial Health | 6/6 |
| Dividends | 3/6 |
RAKCEC Stock Overview
R.A.K. Ceramics P.J.S.C. manufactures and sells various ceramic products in the Middle East, Europe, Asian countries, and internationally.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | د.إ2.85 |
| 52 Week High | د.إ3.08 |
| 52 Week Low | د.إ1.37 |
| Beta | 0.53 |
| 1 Month Change | 2.89% |
| 3 Month Change | -4.36% |
| 1 Year Change | 108.03% |
| 3 Year Change | 59.50% |
| 5 Year Change | 41.60% |
| Change since IPO | 83.71% |
Recent News & Updates
R.A.K. Ceramics P.J.S.C's (ADX:RAKCEC) Conservative Accounting Might Explain Soft Earnings
R.A.K. Ceramics P.J.S.C.'s ( ADX:RAKCEC ) recent soft profit numbers didn't appear to worry shareholders. We think that...
R.A.K. Ceramics P.J.S.C. (ADX:RAKCEC) Reported Earnings Last Week And Analysts Are Already Upgrading Their Estimates
The investors in R.A.K. Ceramics P.J.S.C. 's ( ADX:RAKCEC ) will be rubbing their hands together with glee today, after...
Shareholder Returns
| RAKCEC | AE Building | AE Market | |
|---|---|---|---|
| 7D | 0.4% | -0.5% | 0.7% |
| 1Y | 108.0% | 6.7% | 50.8% |
Return vs Industry: RAKCEC exceeded the AE Building industry which returned 8.2% over the past year.
Return vs Market: RAKCEC exceeded the AE Market which returned 51.5% over the past year.
Price Volatility
| RAKCEC volatility | |
|---|---|
| RAKCEC Average Weekly Movement | 2.4% |
| Building Industry Average Movement | 4.9% |
| Market Average Movement | 4.9% |
| 10% most volatile stocks in AE Market | 11.9% |
| 10% least volatile stocks in AE Market | 2.3% |
Stable Share Price: RAKCEC is less volatile than 75% of AE stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: RAKCEC's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1989 | n/a | Abdallah Massaad | https://www.rakceramics.com |
R.A.K. Ceramics P.J.S.C. manufactures and sells various ceramic products in the Middle East, Europe, Asian countries, and internationally. The company operates through three segments: Ceramics Products, Other Industrial, and Others segments. It offers ceramic wall and floor tiles, gres porcellanato, and bath-ware and table ware, as well as sanitary ware products; and water closets, bidets, wash basins, urinals and partitions, furniture, mirrors and lights, bath tubs, shower trays, flushing systems, kitchen sinks, and accessories.
R.A.K. Ceramics P.J.S.C Fundamentals Summary
| RAKCEC fundamental statistics | |
|---|---|
| Market Cap | د.إ2.83b |
| Earnings (TTM) | د.إ24.37m |
| Revenue (TTM) | د.إ2.83b |
116.2x
P/E Ratio1.0x
P/S RatioIs RAKCEC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| RAKCEC income statement (TTM) | |
|---|---|
| Revenue | د.إ2.83b |
| Cost of Revenue | د.إ1.80b |
| Gross Profit | د.إ1.02b |
| Expenses | د.إ998.93m |
| Earnings | د.إ24.37m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.025 |
| Gross Margin | 36.18% |
| Net Profit Margin | 0.86% |
| Debt/Equity Ratio | 62.4% |
How did RAKCEC perform over the long term?
See historical performance and comparisonDividends
7.0%
Current Dividend Yield714%
Payout RatioValuation
Is R.A.K. Ceramics P.J.S.C undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: RAKCEC (AED2.85) is trading below our estimate of fair value (AED6.02)
Significantly Below Fair Value: RAKCEC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: RAKCEC is poor value based on its PE Ratio (116.2x) compared to the Asian Building industry average (14x).
PE vs Market: RAKCEC is poor value based on its PE Ratio (116.2x) compared to the AE market (14x).
Price to Earnings Growth Ratio
PEG Ratio: RAKCEC is poor value based on its PEG Ratio (6.1x)
Price to Book Ratio
PB vs Industry: RAKCEC is good value based on its PB Ratio (1.2x) compared to the XA Building industry average (1.4x).
Future Growth
How is R.A.K. Ceramics P.J.S.C forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
19.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RAKCEC's forecast earnings growth (19% per year) is above the savings rate (9.1%).
Earnings vs Market: RAKCEC's earnings (19% per year) are forecast to grow faster than the AE market (8.1% per year).
High Growth Earnings: RAKCEC's earnings are forecast to grow, but not significantly.
Revenue vs Market: RAKCEC's revenue (2% per year) is forecast to grow slower than the AE market (4.3% per year).
High Growth Revenue: RAKCEC's revenue (2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: RAKCEC's Return on Equity is forecast to be low in 3 years time (12%).
Past Performance
How has R.A.K. Ceramics P.J.S.C performed over the past 5 years?
-20.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RAKCEC has a large one-off loss of AED158.1M impacting its September 30 2021 financial results.
Growing Profit Margin: RAKCEC's current net profit margins (0.9%) are lower than last year (3.6%).
Past Earnings Growth Analysis
Earnings Trend: RAKCEC's earnings have declined by 20.6% per year over the past 5 years.
Accelerating Growth: RAKCEC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: RAKCEC had negative earnings growth (-70.4%) over the past year, making it difficult to compare to the Building industry average (32.6%).
Return on Equity
High ROE: RAKCEC's Return on Equity (2%) is considered low.
Financial Health
How is R.A.K. Ceramics P.J.S.C's financial position?
Financial Position Analysis
Short Term Liabilities: RAKCEC's short term assets (AED2.8B) exceed its short term liabilities (AED1.7B).
Long Term Liabilities: RAKCEC's short term assets (AED2.8B) exceed its long term liabilities (AED914.8M).
Debt to Equity History and Analysis
Debt Level: RAKCEC's net debt to equity ratio (38.4%) is considered satisfactory.
Reducing Debt: RAKCEC's debt to equity ratio has reduced from 73.9% to 62.4% over the past 5 years.
Debt Coverage: RAKCEC's debt is well covered by operating cash flow (40.1%).
Interest Coverage: RAKCEC's interest payments on its debt are well covered by EBIT (5.2x coverage).
Balance Sheet
Dividend
What is R.A.K. Ceramics P.J.S.C current dividend yield, its reliability and sustainability?
7.02%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: RAKCEC's dividend (7.02%) is higher than the bottom 25% of dividend payers in the AE market (3.03%).
High Dividend: RAKCEC's dividend (7.02%) is in the top 25% of dividend payers in the AE market (6.09%)
Stability and Growth of Payments
Stable Dividend: RAKCEC has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: RAKCEC's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (713.6%), RAKCEC's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: RAKCEC's dividends in 3 years are forecast to be covered by earnings (52.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.5yrs
Average management tenure
CEO
Abdallah Massaad
9.42yrs
Tenure
د.إ2,374,000
Compensation
Mr. Abdallah Massaad has been Group Chief Executive Officer of Ras Al Khaimah Ceramics PSC since June 4, 2012. He is Group Chief Executive Officer of RAK Ceramics PJSC since June 2012. Mr. Massaad served a...
CEO Compensation Analysis
Compensation vs Market: Insufficient data to establish whether Abdallah's total compensation is reasonable compared to companies of similar size in the AE market.
Compensation vs Earnings: Abdallah's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
Experienced Management: RAKCEC's management team is seasoned and experienced (7.5 years average tenure).
Board Members
Experienced Board: RAKCEC's board of directors are not considered experienced ( 0.3 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
R.A.K. Ceramics P.J.S.C.'s employee growth, exchange listings and data sources
Key Information
- Name: R.A.K. Ceramics P.J.S.C.
- Ticker: RAKCEC
- Exchange: ADX
- Founded: 1989
- Industry: Building Products
- Sector: Capital Goods
- Market Cap: د.إ2.832b
- Shares outstanding: 993.70m
- Website: https://www.rakceramics.com
Location
- R.A.K. Ceramics P.J.S.C.
- PO Box 4714
- Al Jazeerah Al Hamra City
- Ras al-Khaimah
- United Arab Emirates
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/11/24 15:43 |
| End of Day Share Price | 2021/11/24 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.