Al-Masaken International for Real Estate Development Company - K.S.C. (Public) (KWSE:MASAKEN) - Share price, News & Analysis

MASAKEN fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	0/6
Financial Health	3/6
Dividends	0/6

MASAKEN Stock Overview

Al-Masaken International for Real Estate Development Company - K.S.C.

Rewards

Trading at 90.7% below our estimate of its fair value

Risk Analysis

Earnings have declined by 4% per year over past 5 years

Makes less than USD$1m in revenue (KWD297K)

Does not have a meaningful market cap (KWD3M)

Volatile share price over the past 3 months

Al-Masaken International for Real Estate Development Company - K.S.C. (Public) Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Al-Masaken International for Real Estate Development Company - K.S.C. (Public)
Historical stock prices
Current Share Price	د.ك0.03
52 Week High	د.ك0.069
52 Week Low	د.ك0.029
Beta	0.56
1 Month Change	-8.54%
3 Month Change	-25.74%
1 Year Change	-21.05%
3 Year Change	-57.14%
5 Year Change	-61.04%
Change since IPO	-77.27%

Shareholder Returns

	MASAKEN	KW Real Estate	KW Market
7D	-4.2%	-4.0%	-2.5%
1Y	-21.1%	-2.0%	11.0%

Return vs Industry: MASAKEN underperformed the KW Real Estate industry which returned -2% over the past year.

Return vs Market: MASAKEN underperformed the KW Market which returned 11% over the past year.

Price Volatility

Is MASAKEN's price volatile compared to industry and market?
MASAKEN volatility
MASAKEN Average Weekly Movement	7.7%
Real Estate Industry Average Movement	5.9%
Market Average Movement	5.6%
10% most volatile stocks in KW Market	8.9%
10% least volatile stocks in KW Market	3.1%

Stable Share Price: MASAKEN is more volatile than 75% of KW stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: MASAKEN's weekly volatility (8%) 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	Mohammed Hamed Omar Al-Shalfan	https://www.masakenint.com

Al-Masaken International for Real Estate Development Company - K.S.C. (Public) engages in the real estate activities. It operates through Real Estate Operations and Investments segments. The Real Estate Operations segment is involved in the development, trading, and rental of real estate properties.

Al-Masaken International for Real Estate Development Company - K.S.C. (Public) Fundamentals Summary

How do Al-Masaken International for Real Estate Development Company - K.S.C. (Public)'s earnings and revenue compare to its market cap?
MASAKEN fundamental statistics
Market Cap	د.ك2.95m
Earnings (TTM)	-د.ك84.67k
Revenue (TTM)	د.ك296.62k

10.0x

P/S Ratio

-34.9x

P/E Ratio

Is MASAKEN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
MASAKEN income statement (TTM)
Revenue	د.ك296.62k
Cost of Revenue	د.ك0
Gross Profit	د.ك296.62k
Other Expenses	د.ك381.29k
Earnings	-د.ك84.67k

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	-0.00086
Gross Margin	100.00%
Net Profit Margin	-28.54%
Debt/Equity Ratio	139.0%

How did MASAKEN perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for MASAKEN. This is calculated by dividing MASAKEN's market cap by their current preferred multiple.
What is MASAKEN's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	د.ك2.95m

MASAKEN 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	42.3x
Enterprise Value/EBITDA	101.8x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does MASAKEN's PS Ratio compare to its peers?

MASAKEN PS Ratio vs Peers

The above table shows the PS ratio for MASAKEN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PS	Estimated Growth	Market Cap
Peer Average	10.7x

Forward PS

Price-To-Sales vs Peers: MASAKEN is good value based on its Price-To-Sales Ratio (10x) compared to the peer average (10.7x).

Price to Earnings Ratio vs Industry

How does MASAKEN's PE Ratio compare vs other companies in the Kuwaiti Real Estate Industry?

Price-To-Sales vs Industry: MASAKEN is expensive based on its Price-To-Sales Ratio (10x) compared to the KW Real Estate industry average (7.8x)

Price to Sales Ratio vs Fair Ratio

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

MASAKEN PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	10x
Fair PS Ratio	n/a

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

Share Price vs Fair Value

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

Below Fair Value: MASAKEN (KWD0.03) is trading below our estimate of fair value (KWD0.32)

Significantly Below Fair Value: MASAKEN is trading below fair value by more than 20%.

Price to Earnings Growth Ratio

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

Discover undervalued companies

Future Growth

How is Al-Masaken International for Real Estate Development 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

12.7%

Forecasted Real Estate 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 Al-Masaken International for Real Estate Development 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.

Discover growth companies

Examine whether Al-Masaken International for Real Estate Development Company - K.S.C. (Public) is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.

Past Performance

How has Al-Masaken International for Real Estate Development 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

-4.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MASAKEN is currently unprofitable.

Growing Profit Margin: MASAKEN is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: MASAKEN is unprofitable, and losses have increased over the past 5 years at a rate of 4% per year.

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

Earnings vs Industry: MASAKEN is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (98.2%).

Return on Equity

High ROE: MASAKEN has a negative Return on Equity (-1.31%), as it is currently unprofitable.

Discover strong past performing companies

Financial Health

How is Al-Masaken International for Real Estate Development Company - K.S.C. (Public)'s financial position?

Financial Health Score

3/6

Financial Health Score 3/6

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

Financial Position Analysis

Short Term Liabilities: MASAKEN's short term assets (KWD3.0M) exceed its short term liabilities (KWD2.1M).

Long Term Liabilities: MASAKEN's short term assets (KWD3.0M) do not cover its long term liabilities (KWD10.2M).

Debt to Equity History and Analysis

Debt Level: MASAKEN's net debt to equity ratio (137.2%) is considered high.

Reducing Debt: MASAKEN's debt to equity ratio has increased from 50.5% to 139% over the past 5 years.

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: Whilst unprofitable MASAKEN has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: MASAKEN is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 4.9% per year.

Discover healthy companies

Dividend

What is Al-Masaken International for Real Estate Development 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
Future Dividend Coverage

Dividend Yield vs Market

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

High Dividend: Unable to evaluate MASAKEN'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 MASAKEN's dividends per share have been stable in the past.

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

Earnings Payout to Shareholders

Earnings Coverage: MASAKEN is not paying a notable dividend for the KW market.

Cash Payout to Shareholders

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

Discover strong dividend paying companies

Management

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

3.0yrs

Average board tenure

CEO

Mohammed Hamed Omar Al-Shalfan

3yrs

Tenure

Board Members

Experienced Board: MASAKEN's board of directors are considered experienced (3 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.

Data	Last Updated (UTC time)
Company Analysis	2022/06/24 00:00
End of Day Share Price	2022/06/23 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31