Mesaieed Petrochemical Holding Company Q.P.S.C (DSM:MPHC) - Share price, News & Analysis

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

MPHC (QAR2.49) is trading above our estimate of [[fair value]] (QAR2.2)

MPHC fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	5/6
Financial Health	6/6
Dividends	2/6

MPHC Stock Overview

Mesaieed Petrochemical Holding Company Q.P.S.C., through its subsidiaries, manufactures and sells petrochemical products in Qatar, the Middle East, Asia, Africa, Indian sub-continent, and Europe.

Rewards

Price-To-Earnings ratio (16.2x) is below the QA market (17x)

Earnings grew by 125.4% over the past year

Risk Analysis

Dividend of 4.42% is not well covered by earnings

Mesaieed Petrochemical Holding Company Q.P.S.C Competitors

Qatar Aluminium Manufacturing Company Q.P.S.C

DSM:QAMC

ر.ق9.5b

Indorama Ventures

SET:IVL

฿263.9b

Berger Paints India

BSE:509480

₹551.8b

Olin

NYSE:OLN

US$7.0b

Price History & Performance

Summary of all time highs, changes and price drops for Mesaieed Petrochemical Holding Company Q.P.S.C
Historical stock prices
Current Share Price	ر.ق2.49
52 Week High	ر.ق3.13
52 Week Low	ر.ق1.87
Beta	0.41
1 Month Change	-7.78%
3 Month Change	-14.43%
1 Year Change	31.33%
3 Year Change	-4.60%
5 Year Change	89.35%
Change since IPO	-44.11%

Recent News & Updates

Apr 17

Investors Will Want Mesaieed Petrochemical Holding Company Q.P.S.C's (DSM:MPHC) Growth In ROCE To Persist

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? One common approach...

Jan 15

Mesaieed Petrochemical Holding Company Q.P.S.C (DSM:MPHC) Is Doing The Right Things To Multiply Its Share Price

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Amongst...

Oct 17

Mesaieed Petrochemical Holding Company Q.P.S.C (DSM:MPHC) Has More To Do To Multiply In Value Going Forward

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to...

Shareholder Returns

	MPHC	QA Chemicals	QA Market
7D	3.8%	0.9%	3.7%
1Y	31.3%	-1.3%	8.6%

Return vs Industry: MPHC exceeded the QA Chemicals industry which returned -1.3% over the past year.

Return vs Market: MPHC exceeded the QA Market which returned 8.6% over the past year.

Price Volatility

Is MPHC's price volatile compared to industry and market?
MPHC volatility
MPHC Average Weekly Movement	3.9%
Chemicals Industry Average Movement	6.4%
Market Average Movement	4.5%
10% most volatile stocks in QA Market	6.4%
10% least volatile stocks in QA Market	2.8%

Stable Share Price: MPHC is not significantly more volatile than the rest of QA stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: MPHC's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2013	n/a	Khalid Mohammed Al-Subaey	https://www.mphc.com.qa

Mesaieed Petrochemical Holding Company Q.P.S.C., through its subsidiaries, manufactures and sells petrochemical products in Qatar, the Middle East, Asia, Africa, Indian sub-continent, and Europe. The company operates through two segments, Petrochemicals and Chlor-Alkali. It is involved in the production and sale of ethylene, polyolefins, 1-hexene, C4+, polyethylene, normal alpha olefins, pyrolysis gasoline, C3 and C4, caustic soda, ethylene dichloride, vinyl chloride monomer, and hydrochloric acid.

Mesaieed Petrochemical Holding Company Q.P.S.C Fundamentals Summary

How do Mesaieed Petrochemical Holding Company Q.P.S.C's earnings and revenue compare to its market cap?
MPHC fundamental statistics
Market Cap	ر.ق31.28b
Earnings (TTM)	ر.ق1.93b
Revenue (TTM)	ر.ق1.94b

16.2x

P/E Ratio

16.1x

P/S Ratio

Is MPHC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
MPHC income statement (TTM)
Revenue	ر.ق1.94b
Cost of Revenue	ر.ق0
Gross Profit	ر.ق1.94b
Other Expenses	ر.ق14.36m
Earnings	ر.ق1.93b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.15
Gross Margin	100.00%
Net Profit Margin	99.26%
Debt/Equity Ratio	0.0%

How did MPHC perform over the long term?

See historical performance and comparison

Dividends

4.4%

Current Dividend Yield

72%

Payout Ratio

We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings 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 MPHC?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for MPHC. This is calculated by dividing MPHC's market cap by their current preferred multiple.
What is MPHC's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	ر.ق31.28b

MPHC 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	15.5x
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does MPHC's PE Ratio compare to its peers?

MPHC PE Ratio vs Peers

The above table shows the PE ratio for MPHC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	22.6x
QAMC Qatar Aluminium Manufacturing Company Q.P.S.C	10x	-12.1%	ر.ق9.5b
IVL Indorama Ventures	7.7x	-2.7%	฿263.9b
509480 Berger Paints India	67.8x	15.4%	₹551.8b
OLN Olin	4.9x	-3.6%	US$7.0b
MPHC Mesaieed Petrochemical Holding Company Q.P.S.C	16.2x	n/a	ر.ق31.3b

Forward PE

Price-To-Earnings vs Peers: MPHC is good value based on its Price-To-Earnings Ratio (16.2x) compared to the peer average (22.6x).

Price to Earnings Ratio vs Industry

How does MPHC's PE Ratio compare vs other companies in the Asian Chemicals Industry?

Price-To-Earnings vs Industry: MPHC is good value based on its Price-To-Earnings Ratio (16.2x) compared to the Asian Chemicals industry average (16.3x)

Price to Earnings Ratio vs Fair Ratio

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

MPHC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	16.2x
Fair PE Ratio	n/a

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

Share Price vs Fair Value

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

Below Fair Value: MPHC (QAR2.49) is trading above our estimate of fair value (QAR2.2)

Significantly Below Fair Value: MPHC is trading above our estimate of fair value.

Price to Earnings Growth Ratio

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

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Future Growth

How is Mesaieed Petrochemical Holding Company Q.P.S.C forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

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

-4.6%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if MPHC's forecast earnings growth is above the savings rate (8.9%).

Earnings vs Market: Insufficient data to determine if MPHC's earnings are forecast to grow faster than the QA market

High Growth Earnings: Insufficient data to determine if MPHC's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MPHC's revenue is expected to decline over the next 3 years (-4.6% per year).

High Growth Revenue: MPHC's revenue is forecast to decline over the next 3 years (-4.6% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MPHC's Return on Equity is forecast to be low in 3 years time (10.1%).

Discover growth companies

Past Performance

How has Mesaieed Petrochemical Holding Company Q.P.S.C performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

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

8.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MPHC has high quality earnings.

Growing Profit Margin: MPHC's current net profit margins (99.3%) are higher than last year (88%).

Past Earnings Growth Analysis

Earnings Trend: MPHC's earnings have grown by 8.9% per year over the past 5 years.

Accelerating Growth: MPHC's earnings growth over the past year (125.4%) exceeds its 5-year average (8.9% per year).

Earnings vs Industry: MPHC earnings growth over the past year (125.4%) exceeded the Chemicals industry 28.9%.

Return on Equity

High ROE: MPHC's Return on Equity (11.9%) is considered low.

Discover strong past performing companies

Financial Health

How is Mesaieed Petrochemical Holding Company Q.P.S.C's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: MPHC's short term assets (QAR1.6B) exceed its short term liabilities (QAR428.7M).

Long Term Liabilities: MPHC has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: MPHC is debt free.

Reducing Debt: MPHC has not had any debt for past 5 years.

Debt Coverage: MPHC has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: MPHC has no debt, therefore coverage of interest payments is not a concern.

Balance Sheet

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Dividend

What is Mesaieed Petrochemical Holding Company Q.P.S.C current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

4.42%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: MPHC's dividend (4.42%) is higher than the bottom 25% of dividend payers in the QA market (3.04%).

High Dividend: MPHC's dividend (4.42%) is low compared to the top 25% of dividend payers in the QA market (4.45%).

Stability and Growth of Payments

Stable Dividend: MPHC has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: MPHC's dividend payments have increased, but the company has only paid a dividend for 8 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (71.8%), MPHC's dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: MPHC is paying a dividend but the company has no free cash flows.

Discover strong dividend paying companies

Management

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

CEO

Khalid Mohammed Al-Subaey

no data

Tenure

Mr. Khalid Mohammed Turki Al-Subaey serves as the Managing Director at Mesaieed Petrochemical Holding Company Q.S.C and served its Chief Coordinator. Mr. Al-Subaey served as a Director at Mesaieed Petroch...

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	2022/07/01 00:00
End of Day Share Price	2022/06/30 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31