Credit Rating And Collection Company K.S.C. (Public) (KWSE:TAHSSILAT) - Share price, News & Analysis

TAHSSILAT fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

TAHSSILAT Stock Overview

Credit Rating and Collection Company K.S.C.

Rewards

Earnings have grown 60.4% per year over the past 5 years

Risk Analysis

Has less than 1 year of cash runway

Highly volatile share price over the past 3 months

Does not have meaningful revenue (KWD350K)

Does not have a meaningful market cap (KWD3M)

Credit Rating And Collection Company K.S.C. (Public) Competitors

A'ayan Leasing and Investment Company K.S.C.P

KWSE:AAYAN

د.ك83.7m

Kuwait Syrian Holding Company - K.S.C.P

KWSE:KSHC

د.ك6.4m

Ekttitab Holding Company K.S.C

KWSE:EKTTITAB

د.ك3.8m

Warba Capital Holding Company K.S.C.P

KWSE:WARBACAP

د.ك9.8m

Price History & Performance

Summary of all time highs, changes and price drops for Credit Rating And Collection Company K.S.C. (Public)
Historical stock prices
Current Share Price	د.ك0.021
52 Week High	د.ك0.069
52 Week Low	د.ك0.018
Beta	-0.21
1 Month Change	-12.81%
3 Month Change	-5.38%
1 Year Change	-14.92%
3 Year Change	-29.67%
5 Year Change	-27.49%
Change since IPO	-96.99%

Shareholder Returns

	TAHSSILAT	KW Diversified Financial	KW Market
7D	1.0%	-7.3%	-2.3%
1Y	-14.9%	-7.8%	7.2%

Return vs Industry: TAHSSILAT underperformed the KW Diversified Financial industry which returned -7.8% over the past year.

Return vs Market: TAHSSILAT underperformed the KW Market which returned 7.2% over the past year.

Price Volatility

Is TAHSSILAT's price volatile compared to industry and market?
TAHSSILAT volatility
TAHSSILAT Average Weekly Movement	10.2%
Diversified Financial Industry Average Movement	5.1%
Market Average Movement	4.9%
10% most volatile stocks in KW Market	9.5%
10% least volatile stocks in KW Market	2.3%

Stable Share Price: TAHSSILAT is more volatile than 90% of KW stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: TAHSSILAT's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of KW stocks.

About the Company

Founded	Employees	CEO	Website
1998	n/a	Ibrahim Al-Sukhi	https://www.crckt.com

Credit Rating and Collection Company K.S.C. (Public) provides trade debts collection and purchase, and investment services in Kuwait. It offers invoice management service, a pre-collection program designed for clients to hand over their invoices and contracts; direct collection service, a collection service directly from debtors for new, overdue, or bad debt accounts; special and executive collection service, a program targeting collection of overdue debts from individuals and corporates on behalf of company’s corporate clients; and skip tracing service, a service that determine the location of the debtors. The company also provides legal action service that offers legal advice regarding filing claims before the law courts against civilians, travel ban orders, arraignment and arrest warrants, assets seizure orders, foreclosures, and other legal aspects; international collection service; debt remedial and risk management service; and credit rating service, which provides investors with critical information to enable them to take informed investment decision based on their risk-return preferences.

Credit Rating And Collection Company K.S.C. (Public) Fundamentals Summary

How do Credit Rating And Collection Company K.S.C. (Public)'s earnings and revenue compare to its market cap?
TAHSSILAT fundamental statistics
Market Cap	د.ك3.48m
Earnings (TTM)	-د.ك18.02k
Revenue (TTM)	د.ك350.37k

10.0x

P/S Ratio

-211.0x

P/E Ratio

Is TAHSSILAT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
TAHSSILAT income statement (TTM)
Revenue	د.ك350.37k
Cost of Revenue	د.ك0
Gross Profit	د.ك350.37k
Other Expenses	د.ك368.39k
Earnings	-د.ك18.02k

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0001
Gross Margin	100.00%
Net Profit Margin	-5.14%
Debt/Equity Ratio	0.0%

How did TAHSSILAT perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

Is TAHSSILAT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TAHSSILAT?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for TAHSSILAT. This is calculated by dividing TAHSSILAT's market cap by their current preferred multiple.
What is TAHSSILAT's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	د.ك3.48m

TAHSSILAT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	8.8x
Enterprise Value/EBITDA	-13.8x
PEG Ratio	n/a

Price to Book Ratio vs Peers

How does TAHSSILAT's PB Ratio compare to its peers?

TAHSSILAT PB Ratio vs Peers

The above table shows the PB ratio for TAHSSILAT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PB	Estimated Growth	Market Cap
Peer Average	0.7x
AAYAN A'ayan Leasing and Investment Company K.S.C.P	1x	n/a	د.ك83.7m
KSHC Kuwait Syrian Holding Company - K.S.C.P	0.4x	n/a	د.ك6.4m
EKTTITAB Ekttitab Holding Company K.S.C	0.4x	n/a	د.ك3.8m
WARBACAP Warba Capital Holding Company K.S.C.P	1.1x	n/a	د.ك9.8m
TAHSSILAT Credit Rating And Collection Company K.S.C. (Public)	0.7x	n/a	د.ك3.5m

Price-To-Book vs Peers: TAHSSILAT is expensive based on its Price-To-Book Ratio (0.7x) compared to the peer average (0.7x).

Price to Earnings Ratio vs Industry

How does TAHSSILAT's PE Ratio compare vs other companies in the Asian Diversified Financial Industry?

Price-To-Book vs Industry: TAHSSILAT is good value based on its Price-To-Book Ratio (0.7x) compared to the Asian Diversified Financial industry average (0.9x)

Price to Book Ratio vs Fair Ratio

What is TAHSSILAT's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TAHSSILAT PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	0.7x
Fair PB Ratio	n/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate TAHSSILAT's Price-To-Book Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of TAHSSILAT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate TAHSSILAT's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate TAHSSILAT's fair value for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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Future Growth

How is Credit Rating And Collection Company K.S.C. (Public) 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

13.2%

Forecasted Diversified Financials 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 Credit Rating And Collection Company K.S.C. (Public) 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.

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Examine Credit Rating And Collection Company K.S.C. (Public)'s financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.

Past Performance

How has Credit Rating And Collection Company K.S.C. (Public) performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

60.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TAHSSILAT is currently unprofitable.

Growing Profit Margin: TAHSSILAT is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: TAHSSILAT is unprofitable, but has reduced losses over the past 5 years at a rate of 60.4% per year.

Accelerating Growth: Unable to compare TAHSSILAT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TAHSSILAT is unprofitable, making it difficult to compare its past year earnings growth to the Diversified Financial industry (16.7%).

Return on Equity

High ROE: TAHSSILAT has a negative Return on Equity (-0.31%), as it is currently unprofitable.

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Financial Health

How is Credit Rating And Collection Company K.S.C. (Public)'s financial position?

Financial Health Score

4/6

Financial Health Score 4/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: TAHSSILAT's short term assets (KWD576.4K) exceed its short term liabilities (KWD111.2K).

Long Term Liabilities: TAHSSILAT's short term assets (KWD576.4K) exceed its long term liabilities (KWD65.4K).

Debt to Equity History and Analysis

Debt Level: TAHSSILAT is debt free.

Reducing Debt: TAHSSILAT has no debt compared to 5 years ago when its debt to equity ratio was 0.05%.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: TAHSSILAT has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: TAHSSILAT has less than a year of cash runway if free cash flow continues to grow at historical rates of 20.7% each year.

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Dividend

What is Credit Rating And Collection Company K.S.C. (Public) current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate TAHSSILAT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate TAHSSILAT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if TAHSSILAT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TAHSSILAT's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as TAHSSILAT has not reported any payouts.

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Management

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

CEO

Ibrahim Al-Sukhi

no data

Tenure

Mr. Ibrahim Abbas Othman Al-Sukhi serves as the Vice Chairman, Chief Executive Officer and Managing Director at Credit Rating & Collection Company K.S.C.C.

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

Top 3 shareholders own 93.49% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
83.21%	Investment Dar Company K.S.C.	137,296,500	KWD2.9m	0%	no data
5.28%	Zahart Almoden Al-Arabiah General Trading Co.	8,712,000	KWD183.8k	0%	no data
5%	ADEEM Investment Company K.S.C.C.	8,250,000	KWD174.1k	0%	no data

Data	Last Updated (UTC time)
Company Analysis	2022/09/24 00:00
End of Day Share Price	2022/09/22 00:00
Earnings	2022/06/30
Annual Earnings	2021/12/31