BASR

Bahrain Ship Repairing and Engineering Company BSC BAX:BASREC Stock Report

Last Price

ب.د1.00

Market Cap

ب.د19.8m

7D

7.5%

1Y

n/a

Updated

18 May, 2022

Data

Company Financials
BASREC fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends2/6

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

Summary of all time highs, changes and price drops for Bahrain Ship Repairing and Engineering Company BSC
Historical stock prices
Current Share Priceب.د1.00
52 Week Highب.د1.00
52 Week Lowب.د0.91
Beta0.012
1 Month Change7.53%
3 Month Change7.53%
1 Year Changen/a
3 Year Change-25.93%
5 Year Changen/a
Change since IPO246.15%

Recent News & Updates

Shareholder Returns

BASRECBH MachineryBH Market
7D7.5%2.8%-2.5%
1Yn/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

Is BASREC's price volatile compared to industry and market?
BASREC volatility
BASREC Average Weekly Movementn/a
Machinery Industry Average Movement6.1%
Market Average Movement2.5%
10% most volatile stocks in BH Market6.5%
10% least volatile stocks in BH Market1.7%

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

FoundedEmployeesCEOWebsite
1962236Didine Saadihttps://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

How do Bahrain Ship Repairing and Engineering Company BSC's earnings and revenue compare to its market cap?
BASREC fundamental statistics
Market Capب.د19.80m
Earnings (TTM)ب.د1.43m
Revenue (TTM)ب.د5.28m

13.8x

P/E Ratio

3.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BASREC income statement (TTM)
Revenueب.د5.28m
Cost of Revenueب.د2.15m
Gross Profitب.د3.14m
Other Expensesب.د1.70m
Earningsب.د1.43m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.072
Gross Margin59.35%
Net Profit Margin27.12%
Debt/Equity Ratio0%

How did BASREC perform over the long term?

See historical performance and comparison

Dividends

5.0%

Current Dividend Yield

69%

Payout Ratio

Valuation

Is Bahrain Ship Repairing and Engineering Company BSC undervalued compared to its fair value and its price relative to the market?

Valuation Score

2/6

Valuation 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

0/6

Future 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

2/6

Past 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

6/6

Financial 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

2/6

Dividend 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/18 00:00
End of Day Share Price2022/05/12 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.