Galfar Engineering & Contracting SAOG (GECS) Stock Overview

Engages in engineering, contracting, and construction businesses in the Sultanate of Oman and Abu Dhabi. More details

GECS fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	2/6
Financial Health	1/6
Dividends	0/6

Rewards

Price-To-Earnings ratio (5.8x) is below the OM market (12.2x)

Became profitable this year

Risk Analysis

High level of non-cash earnings

Interest payments are not well covered by earnings

Highly volatile share price over the past 3 months compared to the OM market

GECS Community Fair Values

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Galfar Engineering & Contracting SAOG Competitors

Price History & Performance

Summary of share price highs, lows and changes for Galfar Engineering & Contracting SAOG
Historical stock prices
Current Share Price	ر.ع0.15
52 Week High	ر.ع0.20
52 Week Low	ر.ع0.06
Beta	0.11
1 Month Change	-3.80%
3 Month Change	-0.65%
1 Year Change	123.53%
3 Year Change	-4.40%
5 Year Change	97.40%
Change since IPO	-84.14%

Recent updates

Shareholder Returns

	GECS	OM Construction	OM Market
7D	-3.8%	0.2%	1.3%
1Y	123.5%	2.3%	45.4%

Return vs Industry: GECS exceeded the OM Construction industry which returned 2.3% over the past year.

Return vs Market: GECS exceeded the OM Market which returned 45.4% over the past year.

Price Volatility

Is GECS's price volatile compared to industry and market?
GECS volatility
GECS Average Weekly Movement	6.5%
Construction Industry Average Movement	5.6%
Market Average Movement	3.7%
10% most volatile stocks in OM Market	6.0%
10% least volatile stocks in OM Market	1.9%

Stable Share Price: GECS's share price has been volatile over the past 3 months compared to the OM market.

Volatility Over Time: GECS's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of OM stocks.

About the Company

Founded	Employees	CEO	Website
1972	n/a	Hamoud AI Tobi	galfar.com/oman/galfar/

Galfar Engineering & Contracting SAOG, together with its subsidiaries, engages in engineering, contracting, and construction businesses in the Sultanate of Oman and Abu Dhabi. It operates through four segments: Construction, Manufacturing, Hiring of Equipment, and Training of Personnel. The company constructs a range of projects, including palaces, commercial establishments, housing complexes, educational institutions, hospitals, monuments, religious structures, stadiums, showrooms, telephone exchanges, and residences.

Galfar Engineering & Contracting SAOG Fundamentals Summary

How do Galfar Engineering & Contracting SAOG's earnings and revenue compare to its market cap?
GECS fundamental statistics
Market cap	ر.ع80.12m
Earnings (TTM)	ر.ع7.64m
Revenue (TTM)	ر.ع301.55m

5.8x

P/E Ratio

0.1x

P/S Ratio

Is GECS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
GECS income statement (TTM)
Revenue	ر.ع301.55m
Cost of Revenue	ر.ع278.23m
Gross Profit	ر.ع23.32m
Other Expenses	ر.ع15.68m
Earnings	ر.ع7.64m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

Sep 22, 2026

Earnings per share (EPS)	0.026
Gross Margin	7.73%
Net Profit Margin	2.53%
Debt/Equity Ratio	358.4%

How did GECS perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/09/13 21:22
End of Day Share Price	2026/09/13 00:00
Earnings	2026/06/30
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Galfar Engineering & Contracting SAOG is covered by 6 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Mai Attia	EFG-Hermes Research
Eyad Faraj	Goldman Sachs
Alia El Mehelmy	HSBC

Galfar Engineering & Contracting SAOG (GECS) Stock Overview

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Galfar Engineering & Contracting SAOG Competitors

Oman National Engineering & Investment Company SAOG

Al Anwar Ceramic Tiles Company SAOG

Oman Cables Industry SAOG

Voltamp Energy SAOG

Price History & Performance

Recent News & Updates

Galfar Engineering & Contracting SAOG to Report First Half, 2026 Results on Sep 22, 2026

New major risk - Earnings quality

Galfar Engineering & Contracting SAOG Announces Executive Changes

First quarter 2026 earnings released: EPS: ر.ع0.005 (vs ر.ع0.002 loss in 1Q 2025)

Galfar Engineering & Contracting SAOG Approves Board Elections

New minor risk - Earnings quality

Recent updates

Galfar Engineering & Contracting SAOG to Report First Half, 2026 Results on Sep 22, 2026

New major risk - Earnings quality

Galfar Engineering & Contracting SAOG Announces Executive Changes

First quarter 2026 earnings released: EPS: ر.ع0.005 (vs ر.ع0.002 loss in 1Q 2025)

Galfar Engineering & Contracting SAOG Approves Board Elections

New minor risk - Earnings quality

New major risk - Financial position

Full year 2025 earnings released: EPS: ر.ع0.018 (vs ر.ع0.013 loss in FY 2024)

Galfar Engineering & Contracting SAOG, Annual General Meeting, Mar 31, 2026

Full year 2025 earnings released: ر.ع0.003 loss per share (vs ر.ع0.013 loss in FY 2024)

New major risk - Share price stability

Insufficient new directors

Price target decreased by 35% to ر.ع0.066

Insufficient new directors

First quarter 2025 earnings released: ر.ع0.002 loss per share (vs ر.ع0.001 profit in 1Q 2024)

Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Galfar Engineering & Contracting SAOG, Annual General Meeting, Mar 25, 2025

Insufficient new directors

Insufficient new directors

Third quarter 2024 earnings released: ر.ع0.016 loss per share (vs ر.ع0.002 profit in 3Q 2023)

New minor risk - Share price stability

New minor risk - Share price stability

First quarter 2024 earnings released: EPS: ر.ع0.001 (vs ر.ع0.002 in 1Q 2023)

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Galfar Engineering & Contracting SAOG, Annual General Meeting, Mar 28, 2024

Consensus EPS estimates fall by 11%

Third quarter 2023 earnings released

Price target decreased by 12% to ر.ع0.20

Price target increased by 12% to ر.ع0.23

Full year 2022 earnings released: EPS: ر.ع0.004 (vs ر.ع0.004 in FY 2021)

Full year 2022 earnings released: EPS: ر.ع0.005 (vs ر.ع0.004 in FY 2021)

Third quarter 2022 earnings released: ر.ع0.002 loss per share (vs ر.ع0.001 loss in 3Q 2021)

Insufficient new directors

Second quarter 2022 earnings released: EPS: ر.ع0.003 (vs ر.ع0 in 2Q 2021)

First quarter 2022 earnings released: EPS: ر.ع0 (vs ر.ع0.005 in 1Q 2021)

Insufficient new directors

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Insufficient new directors

Insufficient new directors

Third quarter 2021 earnings released: ر.ع0.001 loss per share (vs ر.ع0.025 loss in 3Q 2020)

Independent Non Executive Director Kalat Ghuloom Al Bulooshi has left the company

Second quarter 2021 earnings released: ر.ع0.001 loss per share (vs ر.ع0.008 loss in 2Q 2020)

First quarter 2021 earnings released: EPS ر.ع0.004 (vs ر.ع0.018 loss in 1Q 2020)

Full year 2020 earnings released: ر.ع0.068 loss per share (vs ر.ع0.052 loss in FY 2019)

Full year 2020 earnings released: ر.ع0.053 loss per share

Third quarter 2020 earnings released: ر.ع0.025 loss per share

Third quarter earnings released

Shareholder Returns

Price Volatility

About the Company

Galfar Engineering & Contracting SAOG Fundamentals Summary

Earnings & Revenue

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake

Industry and Sector Metrics

Analyst Sources