Qatari Investors Group Q.S.C (DSM:QIGD) - Share price, News & Analysis

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

QIGD (QAR2.04) is trading below our estimate of [[fair value]] (QAR7.41)

QIGD fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	4/6
Financial Health	6/6
Dividends	5/6

QIGD Stock Overview

Qatari Investors Group Q.S.C. engages in cement manufacturing, investments, real estate, security systems, trading, and retail businesses primarily in Qatar.

Rewards

Trading at 72.5% below our estimate of its fair value

Earnings grew by 145.7% over the past year

Risk Analysis

Earnings have declined by 17.1% per year over past 5 years

Unstable dividend track record

Qatari Investors Group Q.S.C Competitors

Qatar National Cement Company (Q.P.S.C.)

DSM:QNCD

ر.ق3.3b

Qatar Aluminium Manufacturing Company Q.P.S.C

DSM:QAMC

ر.ق9.5b

Shanghai Yaohua Pilkington Glass Group

SHSE:900918

US$657.8m

Maeda Kosen

TSE:7821

JP¥92.7b

Price History & Performance

Summary of all time highs, changes and price drops for Qatari Investors Group Q.S.C
Historical stock prices
Current Share Price	ر.ق2.04
52 Week High	ر.ق2.71
52 Week Low	ر.ق1.83
Beta	0.94
1 Month Change	-11.30%
3 Month Change	-20.62%
1 Year Change	-18.30%
3 Year Change	-13.92%
5 Year Change	-53.43%
Change since IPO	-38.74%

Recent News & Updates

Nov 01

Qatari Investors Group Q.S.C's (DSM:QIGD) Returns On Capital Not Reflecting Well On The Business

Ignoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...

Shareholder Returns

	QIGD	QA Basic Materials	QA Market
7D	4.7%	2.3%	3.7%
1Y	-18.3%	-11.9%	8.6%

Return vs Industry: QIGD underperformed the QA Basic Materials industry which returned -12% over the past year.

Return vs Market: QIGD underperformed the QA Market which returned 9.6% over the past year.

Price Volatility

Is QIGD's price volatile compared to industry and market?
QIGD volatility
QIGD Average Weekly Movement	3.8%
Basic Materials Industry Average Movement	5.2%
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: QIGD is not significantly more volatile than the rest of QA stocks over the past 3 months, typically moving +/- 4% a week.

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

About the Company

Founded	Employees	CEO	Website
1995	n/a	Joseph Abdo	https://www.qatariinvestors.com

Qatari Investors Group Q.S.C. engages in cement manufacturing, investments, real estate, security systems, trading, and retail businesses primarily in Qatar. The company operates through Real Estate, Marine Services, Industrial, Contacting and Technology, and Other segments. The company provides container line, air and sea freight, custom and project cargo clearance, heavy lift movement, break and dry bulk cargo carriers, freight forwarding, project logistics, warehousing, and distribution; invests in, develops, and rents properties; and provides real estate consultancy services.

Qatari Investors Group Q.S.C Fundamentals Summary

How do Qatari Investors Group Q.S.C's earnings and revenue compare to its market cap?
QIGD fundamental statistics
Market Cap	ر.ق2.54b
Earnings (TTM)	ر.ق232.96m
Revenue (TTM)	ر.ق710.24m

10.9x

P/E Ratio

3.6x

P/S Ratio

Is QIGD overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
QIGD income statement (TTM)
Revenue	ر.ق710.24m
Cost of Revenue	ر.ق377.63m
Gross Profit	ر.ق332.61m
Other Expenses	ر.ق99.64m
Earnings	ر.ق232.96m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.19
Gross Margin	46.83%
Net Profit Margin	32.80%
Debt/Equity Ratio	40.3%

How did QIGD perform over the long term?

See historical performance and comparison

Dividends

4.9%

Current Dividend Yield

53%

Payout Ratio

We’ve recently updated our valuation analysis.

Valuation

Is QIGD 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-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 QIGD?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for QIGD. This is calculated by dividing QIGD's market cap by their current preferred multiple.
What is QIGD's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	ر.ق2.54b

QIGD 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	4.2x
Enterprise Value/EBITDA	10.3x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

QIGD PE Ratio vs Peers

The above table shows the PE ratio for QIGD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	17.7x
QNCD Qatar National Cement Company (Q.P.S.C.)	14.4x	n/a	ر.ق3.3b
QAMC Qatar Aluminium Manufacturing Company Q.P.S.C	10x	-12.1%	ر.ق9.5b
900918 Shanghai Yaohua Pilkington Glass Group	27.4x	n/a	US$657.8m
7821 Maeda Kosen	18.5x	19.0%	JP¥92.7b
QIGD Qatari Investors Group Q.S.C	10.9x	n/a	ر.ق2.5b

Forward PE

Price-To-Earnings vs Peers: QIGD is good value based on its Price-To-Earnings Ratio (10.9x) compared to the peer average (17.7x).

Price to Earnings Ratio vs Industry

How does QIGD's PE Ratio compare vs other companies in the Asian Basic Materials Industry?

Price-To-Earnings vs Industry: QIGD is good value based on its Price-To-Earnings Ratio (10.9x) compared to the Asian Basic Materials industry average (15.6x)

Price to Earnings Ratio vs Fair Ratio

What is QIGD'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.

QIGD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	10.9x
Fair PE Ratio	n/a

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

Share Price vs Fair Value

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

Below Fair Value: QIGD (QAR2.04) is trading below our estimate of fair value (QAR7.41)

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

Price to Earnings Growth Ratio

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

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Future Growth

How is Qatari Investors Group Q.S.C 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

14.8%

Forecasted Materials 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 Qatari Investors Group Q.S.C 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 Qatari Investors Group Q.S.C 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 Qatari Investors Group Q.S.C performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

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

-17.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: QIGD has high quality earnings.

Growing Profit Margin: QIGD's current net profit margins (32.8%) are higher than last year (13.4%).

Past Earnings Growth Analysis

Earnings Trend: QIGD's earnings have declined by 17.1% per year over the past 5 years.

Accelerating Growth: QIGD's earnings growth over the past year (145.7%) exceeds its 5-year average (-17.1% per year).

Earnings vs Industry: QIGD earnings growth over the past year (145.7%) exceeded the Basic Materials industry -1.8%.

Return on Equity

High ROE: QIGD's Return on Equity (7.6%) is considered low.

Discover strong past performing companies

Financial Health

How is Qatari Investors Group Q.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: QIGD's short term assets (QAR1.3B) exceed its short term liabilities (QAR700.0M).

Long Term Liabilities: QIGD's short term assets (QAR1.3B) exceed its long term liabilities (QAR1.1B).

Debt to Equity History and Analysis

Debt Level: QIGD's net debt to equity ratio (14.1%) is considered satisfactory.

Reducing Debt: QIGD's debt to equity ratio has reduced from 71.1% to 40.3% over the past 5 years.

Debt Coverage: QIGD's debt is well covered by operating cash flow (35.4%).

Interest Coverage: QIGD's interest payments on its debt are well covered by EBIT (8.1x coverage).

Balance Sheet

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Dividend

What is Qatari Investors Group Q.S.C current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

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

4.90%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: QIGD's dividend (4.9%) is higher than the bottom 25% of dividend payers in the QA market (3.08%).

High Dividend: QIGD's dividend (4.9%) is in the top 25% of dividend payers in the QA market (4.45%)

Stability and Growth of Payments

Stable Dividend: QIGD's dividend payments have been volatile in the past 10 years.

Growing Dividend: QIGD's dividend payments have increased over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (52.7%), QIGD's dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (32%), QIGD's dividend payments are well covered by cash flows.

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Management

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

3.4yrs

Average management tenure

CEO

Joseph Abdo

Tenure

Mr. Joseph Abdo serves as Chief Executive Officer at Qatari Investors Group Q.S.C. since June 13, 2021.

Leadership Team

Experienced Management: QIGD's management team is considered experienced (3.4 years average tenure).

Board Members

Experienced Board: QIGD's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.

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