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MASS

Al Massaleh Real Estate Company K.S.C.P KWSE:MASSALEH Stock Report

Last Price

د.ك0.044

Market Cap

د.ك10.1m

7D

-3.9%

1Y

-14.6%

Updated

26 Jun, 2022

Data

Company Financials
MASSALEH fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

MASSALEH Stock Overview

Al Massaleh Real Estate Company K.S.C.P. engages in the development, ownership, and operation of real estate properties in Kuwait and internationally.

Al Massaleh Real Estate Company K.S.C.P Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Al Massaleh Real Estate Company K.S.C.P
Historical stock prices
Current Share Priceد.ك0.044
52 Week Highد.ك0.059
52 Week Lowد.ك0.038
Beta0.34
1 Month Change3.50%
3 Month Change-7.31%
1 Year Change-14.62%
3 Year Change27.22%
5 Year Change16.84%
Change since IPO-85.84%

Recent News & Updates

Shareholder Returns

MASSALEHKW Real EstateKW Market
7D-3.9%2.1%2.0%
1Y-14.6%-0.5%12.3%

Return vs Industry: MASSALEH underperformed the KW Real Estate industry which returned -2.4% over the past year.

Return vs Market: MASSALEH underperformed the KW Market which returned 10.9% over the past year.

Price Volatility

Is MASSALEH's price volatile compared to industry and market?
MASSALEH volatility
MASSALEH Average Weekly Movement4.7%
Real Estate Industry Average Movement5.9%
Market Average Movement5.6%
10% most volatile stocks in KW Market8.9%
10% least volatile stocks in KW Market3.1%

Stable Share Price: MASSALEH is not significantly more volatile than the rest of KW stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: MASSALEH's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1989n/aHamad Al Eissahttps://www.almassaleh.com

Al Massaleh Real Estate Company K.S.C.P. engages in the development, ownership, and operation of real estate properties in Kuwait and internationally. It operates through Real Estate Operations, Health Club Operations, and Hospitality Operations segments. The company develops, trades in, leases, rents, and manages residential and commercial real estate properties; and operates health clubs, and hotels and its related franchises.

Al Massaleh Real Estate Company K.S.C.P Fundamentals Summary

How do Al Massaleh Real Estate Company K.S.C.P's earnings and revenue compare to its market cap?
MASSALEH fundamental statistics
Market Capد.ك10.13m
Earnings (TTM)-د.ك2.82m
Revenue (TTM)د.ك3.78m

2.8x

P/S Ratio

-3.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MASSALEH income statement (TTM)
Revenueد.ك3.78m
Cost of Revenueد.ك2.17m
Gross Profitد.ك1.61m
Other Expensesد.ك4.43m
Earnings-د.ك2.82m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.012
Gross Margin42.56%
Net Profit Margin-74.62%
Debt/Equity Ratio98.2%

How did MASSALEH perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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 MASSALEH?

Other financial metrics that can be useful for relative valuation.

MASSALEH 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/Revenue18.3x
Enterprise Value/EBITDA28.4x
PEG Ration/a

Price to Sales Ratio vs Peers

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

MASSALEH PS Ratio vs Peers
The above table shows the PS ratio for MASSALEH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average7.9x
REAM REAM Real Estate Company - KPSC
13.6xn/aد.ك9.8m
LAND Land United Real Estate Company K.S.C. (Closed)
4.3xn/aد.ك8.9m
AMAR Amar Finance and Leasing Company - KPSC
8.9xn/aد.ك13.5m
TIJARA Tijara & Real Estate Investment Company K.S.C.P
4.5xn/aد.ك18.3m
MASSALEH Al Massaleh Real Estate Company K.S.C.P
2.8xn/aد.ك10.1m

Price-To-Sales vs Peers: MASSALEH is good value based on its Price-To-Sales Ratio (2.8x) compared to the peer average (7.9x).


Price to Earnings Ratio vs Industry

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

Price-To-Sales vs Industry: MASSALEH is good value based on its Price-To-Sales Ratio (2.8x) compared to the KW Real Estate industry average (7.8x)


Price to Sales Ratio vs Fair Ratio

What is MASSALEH'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.

MASSALEH PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.8x
Fair PS Ration/a

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


Share Price vs Fair Value

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

Below Fair Value: MASSALEH (KWD0.04) is trading below our estimate of fair value (KWD0.07)

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


Price to Earnings Growth Ratio

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


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Future Growth

How is Al Massaleh Real Estate Company K.S.C.P 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


12.6%

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 Massaleh Real Estate Company K.S.C.P 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 Massaleh Real Estate Company K.S.C.P 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 Massaleh Real Estate Company K.S.C.P 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


-4.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MASSALEH is currently unprofitable.

Growing Profit Margin: MASSALEH is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MASSALEH is unprofitable, and losses have increased over the past 5 years at a rate of 4.3% per year.

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

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


Return on Equity

High ROE: MASSALEH has a negative Return on Equity (-21.74%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Al Massaleh Real Estate Company K.S.C.P'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: MASSALEH's short term assets (KWD8.3M) do not cover its short term liabilities (KWD32.2M).

Long Term Liabilities: MASSALEH's short term assets (KWD8.3M) do not cover its long term liabilities (KWD52.2M).


Debt to Equity History and Analysis

Debt Level: MASSALEH's net debt to equity ratio (68.9%) is considered high.

Reducing Debt: MASSALEH's debt to equity ratio has reduced from 208.6% to 98.2% 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 MASSALEH has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: MASSALEH is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 16.2% per year.


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Dividend

What is Al Massaleh Real Estate Company K.S.C.P 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 MASSALEH's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

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

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


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

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


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Management

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

1.4yrs

Average management tenure


CEO

Hamad Al Eissa

1.42yrs

Tenure

Hamad Nader Al Eissa is Chief Executive Officer of Al Massaleh Real Estate Company K.S.C.P. from 2021 and serves as its Director.


Leadership Team

Experienced Management: MASSALEH's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


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

Al Massaleh Real Estate Company K.S.C.P.'s employee growth, exchange listings and data sources


Key Information

  • Name: Al Massaleh Real Estate Company K.S.C.P.
  • Ticker: MASSALEH
  • Exchange: KWSE
  • Founded: 1989
  • Industry: Diversified Real Estate Activities
  • Sector: Real Estate
  • Implied Market Cap: د.ك10.133m
  • Shares outstanding: 235.65m
  • Website: https://www.almassaleh.com

Location

  • Al Massaleh Real Estate Company K.S.C.P.
  • PO Box 719
  • Safat
  • Kuwait City
  • 13008
  • Kuwait

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 00:00
End of Day Share Price2022/06/26 00:00
Earnings2022/03/31
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.