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SEEF

Seef Properties B.S.C BAX:SEEF Stock Report

Last Price

ب.د0.17

Market Cap

ب.د76.8m

7D

-1.2%

1Y

5.7%

Updated

15 May, 2022

Data

Company Financials +
SEEF fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance3/6
Financial Health5/6
Dividends2/6

SEEF Stock Overview

Seef Properties B.S.C. primarily engages in the real estate activities in the Kingdom of Bahrain.

Seef Properties B.S.C Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Seef Properties B.S.C
Historical stock prices
Current Share Priceب.د0.17
52 Week Highب.د0.18
52 Week Lowب.د0.16
Beta0.20
1 Month Change-5.11%
3 Month Change-4.02%
1 Year Change5.70%
3 Year Change-18.14%
5 Year Change-30.42%
Change since IPO15.17%

Recent News & Updates

Shareholder Returns

SEEFBH Real EstateBH Market
7D-1.2%-1.6%-4.6%
1Y5.7%-16.4%31.2%

Return vs Industry: SEEF exceeded the BH Real Estate industry which returned -16.4% over the past year.

Return vs Market: SEEF underperformed the BH Market which returned 31.2% over the past year.

Price Volatility

Is SEEF's price volatile compared to industry and market?
SEEF volatility
SEEF Average Weekly Movementn/a
Real Estate Industry Average Movement5.9%
Market Average Movement2.4%
10% most volatile stocks in BH Market6.8%
10% least volatile stocks in BH Market1.7%

Stable Share Price: Insufficient data to determine SEEF's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine SEEF's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
1999n/aAhmed Yusuf Yusufhttps://www.seef.com.bh

Seef Properties B.S.C. primarily engages in the real estate activities in the Kingdom of Bahrain. It operates through four segments: Malls and Properties, Serviced Apartments, Leisure and Entertainment, and Other. The Malls and Properties segment manages real estate properties, including the Seef Mall, Isa Town Mall, and Muharraq Seef Mall, as well as other properties in Hamad Town, Isa Town, Saar, and Um-Al Hassam.

Seef Properties B.S.C Fundamentals Summary

How do Seef Properties B.S.C's earnings and revenue compare to its market cap?
SEEF fundamental statistics
Market Capب.د76.82m
Earnings (TTM)ب.د5.02m
Revenue (TTM)ب.د11.68m

15.3x

P/E Ratio

6.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SEEF income statement (TTM)
Revenueب.د11.68m
Cost of Revenueب.د2.34m
Gross Profitب.د9.34m
Other Expensesب.د4.32m
Earningsب.د5.02m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.011
Gross Margin79.95%
Net Profit Margin42.94%
Debt/Equity Ratio8.7%

How did SEEF perform over the long term?

See historical performance and comparison

Dividends

3.6%

Current Dividend Yield

55%

Payout Ratio

Valuation

Is Seef Properties B.S.C undervalued compared to its fair value and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


15.32x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: SEEF (BHD0.17) is trading above our estimate of fair value (BHD0.07)

Significantly Below Fair Value: SEEF is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: SEEF is poor value based on its PE Ratio (15.3x) compared to the Asian Real Estate industry average (11.9x).

PE vs Market: SEEF is poor value based on its PE Ratio (15.3x) compared to the BH market (13.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SEEF's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SEEF is good value based on its PB Ratio (0.5x) compared to the XA Real Estate industry average (0.8x).


Future Growth

How is Seef Properties B.S.C forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

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


10.4%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if SEEF's forecast earnings growth is above the savings rate (9%).

Earnings vs Market: Insufficient data to determine if SEEF's earnings are forecast to grow faster than the BH market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SEEF's revenue (10.4% per year) is forecast to grow slower than the BH market (10.4% per year).

High Growth Revenue: SEEF's revenue (10.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SEEF's Return on Equity is forecast to be low in 3 years time (5.7%).


Past Performance

How has Seef Properties B.S.C performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-16.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SEEF has high quality earnings.

Growing Profit Margin: SEEF's current net profit margins (42.9%) are higher than last year (36.3%).


Past Earnings Growth Analysis

Earnings Trend: SEEF's earnings have declined by 16.5% per year over the past 5 years.

Accelerating Growth: SEEF's earnings growth over the past year (10.9%) exceeds its 5-year average (-16.5% per year).

Earnings vs Industry: SEEF earnings growth over the past year (10.9%) underperformed the Real Estate industry 17.4%.


Return on Equity

High ROE: SEEF's Return on Equity (3.1%) is considered low.


Financial Health

How is Seef Properties B.S.C's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SEEF's short term assets (BHD14.2M) exceed its short term liabilities (BHD9.9M).

Long Term Liabilities: SEEF's short term assets (BHD14.2M) exceed its long term liabilities (BHD11.4M).


Debt to Equity History and Analysis

Debt Level: SEEF's net debt to equity ratio (3.6%) is considered satisfactory.

Reducing Debt: SEEF's debt to equity ratio has increased from 6.5% to 8.7% over the past 5 years.

Debt Coverage: SEEF's debt is well covered by operating cash flow (48.8%).

Interest Coverage: SEEF's interest payments on its debt are well covered by EBIT (7.4x coverage).


Balance Sheet


Dividend

What is Seef Properties B.S.C current dividend yield, its reliability and sustainability?

Dividend Score

1/6

Dividend Score 1/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.59%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: SEEF's dividend (3.59%) isn’t notable compared to the bottom 25% of dividend payers in the BH market (3.71%).

High Dividend: SEEF's dividend (3.59%) is low compared to the top 25% of dividend payers in the BH market (5.59%).


Stability and Growth of Payments

Stable Dividend: SEEF's dividend payments have been volatile in the past 10 years.

Growing Dividend: SEEF's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (55%), SEEF's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (40.8%), SEEF's dividend payments are well covered by cash flows.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.8yrs

Average management tenure


CEO

Ahmed Yusuf Yusuf

6.08yrs

Tenure

Mr. Ahmed Yusuf Abdulla Yusuf has been Chief Executive Officer of Seef Properties BSC since April 13, 2016. Mr. Yusuf served as Managing Director of Seef Properties BSC since June 1, 2015. Mr. Yusuf has be...


Leadership Team

Experienced Management: SEEF's management team is considered experienced (3.8 years average tenure).


Board Members

Experienced Board: SEEF's board of directors are considered experienced (5.9 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

Seef Properties B.S.C.'s employee growth, exchange listings and data sources


Key Information

  • Name: Seef Properties B.S.C.
  • Ticker: SEEF
  • Exchange: BAX
  • Founded: 1999
  • Industry: Diversified Real Estate Activities
  • Sector: Real Estate
  • Implied Market Cap: ب.د76.820m
  • Shares outstanding: 460.00m
  • Website: https://www.seef.com.bh

Location

  • Seef Properties B.S.C.
  • Building 2102
  • Block 428
  • Manama
  • Bahrain

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/15 00:00
End of Day Share Price2022/05/15 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.