| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 6/6 |
| Dividends | 2/6 |
BASREC Stock Overview
The Bahrain Ship Repairing and Engineering Company BSC provides repair and maintenance services to vessels operating in the Arabian Gulf and emergency repairs to the larger ocean-going ships that pass through the area.
Bahrain Ship Repairing and Engineering Company BSC Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ب.د1.00 |
| 52 Week High | ب.د1.00 |
| 52 Week Low | ب.د0.91 |
| Beta | 0.012 |
| 1 Month Change | 7.53% |
| 3 Month Change | 7.53% |
| 1 Year Change | n/a |
| 3 Year Change | -25.93% |
| 5 Year Change | n/a |
| Change since IPO | 246.15% |
Recent News & Updates
Shareholder Returns
| BASREC | BH Machinery | BH Market | |
|---|---|---|---|
| 7D | 7.5% | 2.8% | -2.5% |
| 1Y | n/a | -12.2% | 31.1% |
Return vs Industry: Insufficient data to determine how BASREC performed against the BH Machinery industry.
Return vs Market: Insufficient data to determine how BASREC performed against the BH Market.
Price Volatility
| BASREC volatility | |
|---|---|
| BASREC Average Weekly Movement | n/a |
| Machinery Industry Average Movement | 6.1% |
| Market Average Movement | 2.5% |
| 10% most volatile stocks in BH Market | 6.5% |
| 10% least volatile stocks in BH Market | 1.7% |
Stable Share Price: Insufficient data to determine BASREC's volatility over the past 3 months.
Volatility Over Time: Insufficient data to determine BASREC's volatility change over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1962 | 236 | Didine Saadi | https://www.basrec.com |
The Bahrain Ship Repairing and Engineering Company BSC provides repair and maintenance services to vessels operating in the Arabian Gulf and emergency repairs to the larger ocean-going ships that pass through the area. The company operates through three segments: Ship Repairing and Investments; Trading; and Pump Repairing. It is also involved in the engineering contracting and trading business; repairing of small boats; inspecting and repairing of containers; and servicing and repairing of marine and industrial pumps; sale of mechanical, electrical, and pumps; and rental of properties.
Bahrain Ship Repairing and Engineering Company BSC Fundamentals Summary
| BASREC fundamental statistics | |
|---|---|
| Market Cap | ب.د19.80m |
| Earnings (TTM) | ب.د1.43m |
| Revenue (TTM) | ب.د5.28m |
13.8x
P/E Ratio3.7x
P/S RatioIs BASREC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| BASREC income statement (TTM) | |
|---|---|
| Revenue | ب.د5.28m |
| Cost of Revenue | ب.د2.15m |
| Gross Profit | ب.د3.14m |
| Other Expenses | ب.د1.70m |
| Earnings | ب.د1.43m |
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.072 |
| Gross Margin | 59.35% |
| Net Profit Margin | 27.12% |
| Debt/Equity Ratio | 0% |
How did BASREC perform over the long term?
See historical performance and comparisonDividends
5.0%
Current Dividend Yield69%
Payout RatioValuation
Is Bahrain Ship Repairing and Engineering Company BSC undervalued compared to its fair value and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry
13.81x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BASREC (BHD1) is trading above our estimate of fair value (BHD0.32)
Significantly Below Fair Value: BASREC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BASREC is good value based on its PE Ratio (13.8x) compared to the Asian Machinery industry average (18.7x).
PE vs Market: BASREC's PE Ratio (13.8x) is in line with the BH market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate BASREC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BASREC is good value based on its PB Ratio (0.6x) compared to the XA Machinery industry average (1.6x).
Future Growth
How is Bahrain Ship Repairing and Engineering Company BSC forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
21.8%
Forecasted Capital Goods industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Bahrain Ship Repairing and Engineering Company BSC has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Past Performance
How has Bahrain Ship Repairing and Engineering Company BSC performed over the past 5 years?
Past Performance Score
2/6Past Performance Score 2/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-11.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BASREC has high quality earnings.
Growing Profit Margin: BASREC's current net profit margins (27.1%) are lower than last year (27.4%).
Past Earnings Growth Analysis
Earnings Trend: BASREC's earnings have declined by 11.4% per year over the past 5 years.
Accelerating Growth: BASREC's earnings growth over the past year (2.4%) exceeds its 5-year average (-11.4% per year).
Earnings vs Industry: BASREC earnings growth over the past year (2.4%) underperformed the Machinery industry 23.1%.
Return on Equity
High ROE: BASREC's Return on Equity (4.5%) is considered low.
Financial Health
How is Bahrain Ship Repairing and Engineering Company BSC's financial position?
Financial Health Score
6/6Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: BASREC's short term assets (BHD19.8M) exceed its short term liabilities (BHD1.6M).
Long Term Liabilities: BASREC's short term assets (BHD19.8M) exceed its long term liabilities (BHD2.3M).
Debt to Equity History and Analysis
Debt Level: BASREC is debt free.
Reducing Debt: BASREC has no debt compared to 5 years ago when its debt to equity ratio was 1.9%.
Debt Coverage: BASREC has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: BASREC has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Dividend
What is Bahrain Ship Repairing and Engineering Company BSC current dividend yield, its reliability and sustainability?
Dividend Score
2/6Dividend Score 2/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
5.00%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BASREC's dividend (5%) is higher than the bottom 25% of dividend payers in the BH market (3.73%).
High Dividend: BASREC's dividend (5%) is low compared to the top 25% of dividend payers in the BH market (5.6%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, BASREC has been paying a dividend for less than 10 years.
Growing Dividend: BASREC's dividend payments have increased, but the company has only paid a dividend for 9 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (69.1%), BASREC's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: BASREC is paying a dividend but the company has no free cash flows.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.2yrs
Average board tenure
CEO
Didine Saadi
no data
Tenure
Mr. Nour Eddine Saadi, also known as Didine, serves as the Chief Executive Officer and Secretary to the Board of Directors at The Bahrain Ship Repairing and Engineering Company BSC (formerly known as The B...
Board Members
Experienced Board: BASREC's board of directors are considered experienced (4.2 years average tenure).
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
The Bahrain Ship Repairing and Engineering Company BSC's employee growth, exchange listings and data sources
Key Information
- Name: The Bahrain Ship Repairing and Engineering Company BSC
- Ticker: BASREC
- Exchange: BAX
- Founded: 1962
- Industry: Construction Machinery and Heavy Trucks
- Sector: Capital Goods
- Implied Market Cap: ب.د19.800m
- Shares outstanding: 19.80m
- Website: https://www.basrec.com
Number of Employees
Location
- The Bahrain Ship Repairing and Engineering Company BSC
- Mina Salman Industrial Area
- PO Box 568
- Manama
- Bahrain
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/05/18 00:00 |
| End of Day Share Price | 2022/05/12 00:00 |
| Earnings | 2021/12/31 |
| Annual Earnings | 2021/12/31 |
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.