Exploring National Cement Company (Public Shareholding) And Two Other Undiscovered Gems In The Middle East

The Middle East stock markets have recently shown mixed performance, with Gulf bourses reflecting concerns over U.S. Federal Reserve independence and fluctuating oil prices impacting investor sentiment. Amidst these dynamics, identifying promising stocks requires a keen eye for companies that demonstrate resilience and potential for growth in the face of economic uncertainties.

Top 10 Undiscovered Gems With Strong Fundamentals In The Middle East

Click here to see the full list of 211 stocks from our Middle Eastern Undiscovered Gems With Strong Fundamentals screener.

Here we highlight a subset of our preferred stocks from the screener.

National Cement Company (Public Shareholding) (DFM:NCC)

Simply Wall St Value Rating: ★★★★★☆

Overview: National Cement Company (Public Shareholding Co.) is involved in the production and distribution of cement and related products both within the United Arab Emirates and internationally, with a market capitalization of AED1.64 billion.

Operations: NCC generates its revenue primarily from the sale of cement, amounting to AED193.90 million. The company's financial performance is influenced by its cost structure and efficiency in managing production expenses. Notably, NCC's net profit margin reflects its ability to convert sales into actual profit after accounting for all costs and expenses.

National Cement Company, a smaller player in the Middle East market, has shown promising growth with earnings increasing by 15.8% over the past year, outpacing the Basic Materials industry at 13.6%. The company's recent performance is underscored by a significant rise in Q2 sales to AED 57.82 million from AED 35.96 million last year and net income of AED 10.88 million compared to a loss previously reported. Trading at an attractive valuation, it sits at about 84% below estimated fair value and boasts high-quality earnings with more cash than total debt, suggesting financial stability despite share price volatility recently observed.

• Delve into the full analysis health report here for a deeper understanding of National Cement Company (Public Shareholding).

• Gain insights into National Cement Company (Public Shareholding)'s past trends and performance with our Past report.

Sukoon Insurance PJSC (DFM:SUKOON)

Simply Wall St Value Rating: ★★★★☆☆

Overview: Sukoon Insurance PJSC offers a range of insurance solutions for individuals and businesses in the United Arab Emirates, with a market capitalization of AED 1.62 billion.

Operations: The company generates revenue primarily from non-life insurance (AED 5.03 billion) and life insurance (AED 184.62 million). Net investment income contributes AED 273.82 million, while net insurance finance expenses amount to AED -30.88 million.

Sukoon Insurance PJSC stands out with its robust earnings growth of 26.7% over the past year, surpassing the insurance industry's 9.8%. The company reported a net income of AED 90 million for Q2 2025, doubling from AED 45 million a year earlier, indicating strong performance. Its price-to-earnings ratio at 4.9x suggests good value against the AE market average of 13.2x. Sukoon's debt to equity has risen to a modest 2.7% over five years, yet it maintains more cash than total debt and covers interest payments comfortably at an impressive EBIT coverage of 81 times.

• Get an in-depth perspective on Sukoon Insurance PJSC's performance by reading our health report here.

• Explore historical data to track Sukoon Insurance PJSC's performance over time in our Past section.

Tiv Taam Holdings 1 (TASE:TTAM)

Simply Wall St Value Rating: ★★★★☆☆

Overview: Tiv Taam Holdings 1 Ltd. engages in the production, marketing, and importation of food products in Israel with a market capitalization of ₪944.61 million.

Operations: Tiv Taam Holdings 1 generates revenue through the production, marketing, and importation of food products in Israel. The company has a market capitalization of ₪944.61 million.

Tiv Taam Holdings 1, a smaller player in the Middle East retail scene, has seen its earnings dip by 3.2% annually over the past five years. Despite this, it boasts high-quality earnings and a solid financial footing with cash exceeding total debt. The company's debt to equity ratio impressively dropped from 56.1% to 18.3%, and its interest payments are well covered at 4.1 times EBIT. Recent results show sales rising to ILS 539 million for Q2, while net income increased to ILS 24.6 million compared to last year’s figures, reflecting steady yet modest growth in profitability amidst industry challenges.

• Unlock comprehensive insights into our analysis of Tiv Taam Holdings 1 stock in this health report.

• Evaluate Tiv Taam Holdings 1's historical performance by accessing our past performance report.

Next Steps

• Investigate our full lineup of 211 Middle Eastern Undiscovered Gems With Strong Fundamentals right here.
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Interested In Other Possibilities?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
• Find companies with promising cash flow potential yet trading below their fair value.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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