Price Target Changed • May 05
Price target decreased by 10.0% to ر.ق12.20 Down from ر.ق13.55, the current price target is an average from 2 analysts. New target price is 19% above last closing price of ر.ق10.26. Stock is down 7.6% over the past year. The company posted earnings per share of ر.ق1.12 last year. Announcement • Mar 23
Qatar Navigation Q.P.S.C.(DSM:QNNS) dropped from FTSE All-World Index (USD) Qatar Navigation Q.P.S.C.(DSM:QNNS) dropped from FTSE All-World Index (USD) Reported Earnings • Feb 17
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: ر.ق1.12 (up from ر.ق0.99 in FY 2024). Revenue: ر.ق3.33b (up 17% from FY 2024). Net income: ر.ق1.27b (up 13% from FY 2024). Profit margin: 38% (down from 40% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.6%. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 10% per year. New Risk • Feb 03
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 102% Dividend yield: 4.0% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Declared Dividend • Jan 30
Dividend increased to ر.ق0.45 Dividend of ر.ق0.45 is 13% higher than last year. Ex-date: 18th February 2026 Payment date: 1st January 1970 Dividend yield will be 4.0%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by earnings (36% earnings payout ratio) but not adequately covered by cash flows (91% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 20% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jan 28
Qatar Navigation Q.P.S.C., Annual General Meeting, Feb 17, 2026 Qatar Navigation Q.P.S.C., Annual General Meeting, Feb 17, 2026, at 17:00 Arab Standard Time. Reported Earnings • Oct 31
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: ر.ق0.34 (up from ر.ق0.25 in 3Q 2024). Revenue: ر.ق865.1m (up 24% from 3Q 2024). Net income: ر.ق385.7m (up 33% from 3Q 2024). Profit margin: 45% (up from 42% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 19%. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 4% per year. Reported Earnings • Jul 31
Second quarter 2025 earnings released: EPS: ر.ق0.26 (vs ر.ق0.23 in 2Q 2024) Second quarter 2025 results: EPS: ر.ق0.26 (up from ر.ق0.23 in 2Q 2024). Revenue: ر.ق833.7m (up 21% from 2Q 2024). Net income: ر.ق297.7m (up 13% from 2Q 2024). Profit margin: 36% (down from 38% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 04
First quarter 2025 earnings released: EPS: ر.ق0.33 (vs ر.ق0.32 in 1Q 2024) First quarter 2025 results: EPS: ر.ق0.33 (up from ر.ق0.32 in 1Q 2024). Revenue: ر.ق759.2m (up 1.6% from 1Q 2024). Net income: ر.ق374.5m (up 2.5% from 1Q 2024). Profit margin: 49% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 9% per year. Buy Or Sell Opportunity • Apr 23
Now 21% overvalued Over the last 90 days, the stock has fallen 2.1% to ر.ق10.98. The fair value is estimated to be ر.ق9.10, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.8% over the last 3 years. Earnings per share has grown by 10%. Announcement • Apr 23
Qatar Navigation Q.P.S.C. to Report Q1, 2025 Results on Apr 30, 2025 Qatar Navigation Q.P.S.C. announced that they will report Q1, 2025 results on Apr 30, 2025 Buy Or Sell Opportunity • Apr 07
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 2.7% to ر.ق10.99. The fair value is estimated to be ر.ق9.07, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.8% over the last 3 years. Earnings per share has grown by 10%. Declared Dividend • Feb 05
Dividend of ر.ق0.40 announced Shareholders will receive a dividend of ر.ق0.40. Ex-date: 25th February 2025 Payment date: 1st January 1970 Dividend yield will be 3.7%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by earnings (41% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 15% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Feb 04
Qatar Navigation Q.P.S.C. Recommends Cash Dividends Qatar Navigation Q.P.S.C. at its General Assembly Meeting AGM to be held on February 24, 2025, recommended distributing of cash dividends to the Shareholders at 40% of the nominal value, amounting to QAR 0.40 per share, and approval of same. Buy Or Sell Opportunity • Feb 04
Now 20% overvalued Over the last 90 days, the stock has fallen 3.7% to ر.ق10.80. The fair value is estimated to be ر.ق8.97, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.8% over the last 3 years. Earnings per share has grown by 10%. Announcement • Feb 03
Qatar Navigation Q.P.S.C., Annual General Meeting, Feb 24, 2025 Qatar Navigation Q.P.S.C., Annual General Meeting, Feb 24, 2025, at 17:00 Arab Standard Time. Announcement • Jan 20
Qatar Navigation Q.P.S.C. to Report Fiscal Year 2024 Results on Feb 02, 2025 Qatar Navigation Q.P.S.C. announced that they will report fiscal year 2024 results at 1:15 PM, Arabian Standard Time on Feb 02, 2025 New Risk • Jan 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Qatari stocks, typically moving 2.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 25
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: ر.ق0.26 (up from ر.ق0.20 in 3Q 2023). Revenue: ر.ق697.2m (down 2.7% from 3Q 2023). Net income: ر.ق289.0m (up 30% from 3Q 2023). Profit margin: 42% (up from 31% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, while revenues in the Shipping industry in Asia are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 13% per year. Announcement • Oct 16
Qatar Navigation Q.P.S.C. to Report Q3, 2024 Results on Oct 23, 2024 Qatar Navigation Q.P.S.C. announced that they will report Q3, 2024 results on Oct 23, 2024 Reported Earnings • Aug 14
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2024 results: EPS: ر.ق0.23 (down from ر.ق0.25 in 2Q 2023). Revenue: ر.ق686.8m (down 7.8% from 2Q 2023). Net income: ر.ق263.2m (down 7.5% from 2Q 2023). Profit margin: 38% (in line with 2Q 2023). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 9.4%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Shipping industry in Asia. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Aug 05
Qatar Navigation Q.P.S.C. to Report First Half, 2024 Results on Aug 12, 2024 Qatar Navigation Q.P.S.C. announced that they will report first half, 2024 results on Aug 12, 2024 Buy Or Sell Opportunity • May 23
Now 21% undervalued Over the last 90 days, the stock has risen 3.0% to ر.ق10.92. The fair value is estimated to be ر.ق13.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has grown by 40%. For the next 3 years, revenue is forecast to grow by 3.6% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Reported Earnings • May 01
First quarter 2024 earnings released: EPS: ر.ق0.32 (vs ر.ق0.32 in 1Q 2023) First quarter 2024 results: EPS: ر.ق0.32 (in line with 1Q 2023). Revenue: ر.ق747.0m (down 2.5% from 1Q 2023). Net income: ر.ق365.2m (flat on 1Q 2023). Profit margin: 49% (up from 47% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 1.1% growth forecast for the Shipping industry in Asia. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Apr 23
Qatar Navigation Q.P.S.C. to Report Q1, 2024 Results on Apr 30, 2024 Qatar Navigation Q.P.S.C. announced that they will report Q1, 2024 results on Apr 30, 2024 Declared Dividend • Feb 08
Dividend of ر.ق0.38 announced Shareholders will receive a dividend of ر.ق0.38. Ex-date: 6th March 2024 Payment date: 1st January 1970 Dividend yield will be 3.9%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by earnings (41% earnings payout ratio) but not adequately covered by cash flows (95% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. EPS is expected to grow by 35% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 06
Qatar Navigation Q.P.S.C., Annual General Meeting, Mar 05, 2024 Qatar Navigation Q.P.S.C., Annual General Meeting, Mar 05, 2024, at 13:30 Coordinated Universal Time. Location: the Company's Head Office, Ein Khaled (Industrial Area St. No. 100, Area 56, Zone E) Doha Qatar Agenda: To consider presenting the Chairman’s message, presenting the Board of Directors’ Report of Milaha Group’s operation and financial position for the year ending 31/12/2023, and the future plan of the Group; to consider presentation of the Auditor’s Report on the Financial Statements of Milaha Group for the financial year ending 31/12/2023; to consider discussing the Statement of Financial Position and Statement of Income of Milaha Group for the financial year ending 31/12/2023, and approval of same; to consider the Group’s Annual Governance Report for 2023; to consider distributing cash dividends; and to consider other matters. Reported Earnings • Feb 06
Full year 2023 earnings released: EPS: ر.ق0.91 (vs ر.ق0.89 in FY 2022) Full year 2023 results: EPS: ر.ق0.91 (up from ر.ق0.89 in FY 2022). Revenue: ر.ق2.94b (down 11% from FY 2022). Net income: ر.ق1.03b (up 1.7% from FY 2022). Profit margin: 35% (up from 31% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 3.0% decline forecast for the Shipping industry in Asia. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. New Risk • Jan 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Qatari stocks, typically moving 3.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Announcement • Jan 22
Qatar Navigation Q.P.S.C. to Report Q4, 2023 Results on Feb 05, 2024 Qatar Navigation Q.P.S.C. announced that they will report Q4, 2023 results on Feb 05, 2024 Board Change • Dec 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 6 highly experienced directors. Non-Executive Non-Independent Director Hamad bin Mohammed bin Khalid Al-Thani was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 20
Third quarter 2023 earnings released: EPS: ر.ق0.20 (vs ر.ق0.18 in 3Q 2022) Third quarter 2023 results: EPS: ر.ق0.20 (up from ر.ق0.18 in 3Q 2022). Revenue: ر.ق716.6m (down 9.2% from 3Q 2022). Net income: ر.ق222.1m (up 5.9% from 3Q 2022). Profit margin: 31% (up from 27% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 7.5% decline forecast for the Shipping industry in Asia. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 08
Second quarter 2023 earnings released: EPS: ر.ق0.25 (vs ر.ق0.25 in 2Q 2022) Second quarter 2023 results: EPS: ر.ق0.25 (up from ر.ق0.25 in 2Q 2022). Revenue: ر.ق744.6m (down 14% from 2Q 2022). Net income: ر.ق284.4m (up 1.4% from 2Q 2022). Profit margin: 38% (up from 33% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 11% decline forecast for the Shipping industry in Asia. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Aug 06
Now 21% undervalued Over the last 90 days, the stock is up 3.0%. The fair value is estimated to be ر.ق12.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 43%. For the next 3 years, revenue is forecast to decline by 0.3% per annum. Earnings is forecast to grow by 9.0% per annum over the same time period. Buying Opportunity • Jul 05
Now 20% undervalued Over the last 90 days, the stock is up 20%. The fair value is estimated to be ر.ق13.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 43%. For the next 3 years, revenue is forecast to decline by 0.3% per annum. Earnings is forecast to grow by 9.0% per annum over the same time period. Buying Opportunity • May 09
Now 20% undervalued Over the last 90 days, the stock is up 4.4%. The fair value is estimated to be ر.ق12.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 43%. For the next 3 years, revenue is forecast to decline by 0.5% per annum. Earnings is forecast to grow by 8.2% per annum over the same time period. Major Estimate Revision • Apr 25
Consensus revenue estimates decrease by 11% The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from ر.ق3.24b to ر.ق2.89b. EPS estimate unchanged at ر.ق1.04 per share. Net income forecast to grow 20% next year vs 36% decline forecast for Shipping industry in Qatar. Consensus price target of ر.ق11.40 unchanged from last update. Share price was steady at ر.ق8.61 over the past week. Reported Earnings • Apr 20
First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2023 results: EPS: ر.ق0.32 (up from ر.ق0.32 in 1Q 2022). Revenue: ر.ق766.2m (down 16% from 1Q 2022). Net income: ر.ق363.3m (flat on 1Q 2022). Profit margin: 47% (up from 40% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 11%. Earnings per share (EPS) exceeded analyst estimates by 9.2%. Revenue is forecast to stay flat during the next 3 years compared to a 18% decline forecast for the Shipping industry in Asia. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 17
Full year 2022 earnings released: EPS: ر.ق0.89 (vs ر.ق0.64 in FY 2021) Full year 2022 results: EPS: ر.ق0.89 (up from ر.ق0.64 in FY 2021). Revenue: ر.ق3.29b (up 18% from FY 2021). Net income: ر.ق1.01b (up 40% from FY 2021). Profit margin: 31% (up from 26% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 17% decline forecast for the Shipping industry in Asia. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Nov 17
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be ر.ق12.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to decline by 0.7% per annum. Earnings is forecast to grow by 9.4% per annum over the same time period. Reported Earnings • Oct 22
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: ر.ق0.18 (down from ر.ق0.19 in 3Q 2021). Revenue: ر.ق789.1m (up 19% from 3Q 2021). Net income: ر.ق209.7m (down 3.2% from 3Q 2021). Profit margin: 27% (down from 33% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 7.5%. Earnings per share (EPS) also missed analyst estimates by 22%. Revenue is forecast to stay flat during the next 3 years compared to a 13% decline forecast for the Shipping industry in Asia. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Oct 21
Consensus revenue estimates increase by 16% The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from ر.ق2.85b to ر.ق3.32b. EPS estimate increased from ر.ق0.90 to ر.ق0.97 per share. Net income forecast to grow 16% next year vs 25% decline forecast for Shipping industry in Qatar. Consensus price target broadly unchanged at ر.ق11.20. Share price was steady at ر.ق10.01 over the past week. Announcement • Oct 11
Qatar Navigation Q.P.S.C. to Report Q3, 2022 Results on Oct 19, 2022 Qatar Navigation Q.P.S.C. announced that they will report Q3, 2022 results on Oct 19, 2022 Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improved over the past week After last week's 17% share price gain to ر.ق12.65, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 4x in the Shipping industry in Asia. Total returns to shareholders of 140% over the past three years. Reported Earnings • Aug 12
Second quarter 2022 earnings: EPS and revenues exceed analyst expectations Second quarter 2022 results: EPS: ر.ق0.24 (up from ر.ق0.12 in 2Q 2021). Revenue: ر.ق861.0m (up 23% from 2Q 2021). Net income: ر.ق280.5m (up 100% from 2Q 2021). Profit margin: 33% (up from 20% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.3%. Earnings per share (EPS) also surpassed analyst estimates by 4.3%. Over the next year, revenue is expected to shrink by 9.6% compared to a 2.5% growth forecast for the industry in Qatar. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 02
Qatar Navigation Q.P.S.C. to Report Q2, 2022 Results on Aug 10, 2022 Qatar Navigation Q.P.S.C. announced that they will report Q2, 2022 results at 1:15 AM, Arabian Standard Time on Aug 10, 2022 Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improved over the past week After last week's 17% share price gain to ر.ق10.25, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 4x in the Shipping industry in Asia. Total returns to shareholders of 77% over the past three years. Reported Earnings • Feb 12
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: ر.ق0.64 (up from ر.ق0.052 in FY 2020). Revenue: ر.ق2.78b (up 23% from FY 2020). Net income: ر.ق724.2m (up ر.ق665.0m from FY 2020). Profit margin: 26% (up from 2.6% in FY 2020). The increase in margin was primarily driven by higher revenue. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 17%. Over the next year, revenue is forecast to stay flat compared to a 16% growth forecast for the industry in Qatar. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Reported Earnings • Oct 30
Third quarter 2021 earnings released: EPS ر.ق0.20 (vs ر.ق0.074 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ر.ق661.4m (up 36% from 3Q 2020). Net income: ر.ق216.5m (up 159% from 3Q 2020). Profit margin: 33% (up from 17% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Jul 18
Second quarter 2021 earnings released: EPS ر.ق0.12 (vs ر.ق0.015 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ر.ق698.1m (up 30% from 2Q 2020). Net income: ر.ق140.5m (up ر.ق123.8m from 2Q 2020). Profit margin: 20% (up from 3.1% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Reported Earnings • Apr 25
First quarter 2021 earnings released: EPS ر.ق0.26 (vs ر.ق0.25 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: ر.ق675.2m (down 2.5% from 1Q 2020). Net income: ر.ق297.2m (up 5.0% from 1Q 2020). Profit margin: 44% (up from 41% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Mar 19
Milaha Announces Board Appointments Milaha announced that its Annual General Assembly Meeting held on 16 March, 2021 elected Mr. Ali Hussain Al-Sada Independent, Mr. Fahad F S Buzwair, representing Buzwair Real Estate W.L.L. Independent and Mr. Ismail Ali Al-Emadi Independent were elected as reserve members of the Board. The elected Board appointed H.E. Sheikh Khalid bin Khalifa Al Thani as the Vice Chairman. Is New 90 Day High Low • Mar 11
New 90-day high: ر.ق8.00 The company is up 13% from its price of ر.ق7.07 on 10 December 2020. The Qatari market is down 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Shipping industry, which is up 19% over the same period. Reported Earnings • Feb 26
Full year 2020 earnings released: EPS ر.ق0.05 (vs ر.ق0.48 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ر.ق2.27b (down 5.6% from FY 2019). Net income: ر.ق59.1m (down 89% from FY 2019). Profit margin: 2.6% (down from 23% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Feb 26
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 89%. Over the next year, revenue is forecast to grow 3.4%, compared to a 15% growth forecast for the Shipping industry in Qatar. Announcement • Feb 10
Qatar Navigation Q.P.S.C. to Report Q4, 2020 Results on Feb 25, 2021 Qatar Navigation Q.P.S.C. announced that they will report Q4, 2020 results on Feb 25, 2021 Is New 90 Day High Low • Dec 31
New 90-day high: ر.ق7.09 The company is up 19% from its price of ر.ق5.98 on 01 October 2020. The Qatari market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Shipping industry, which is up 57% over the same period. Announcement • Nov 25
Qatar Navigation Company Announces Resignation of Mr. Sulaiman Haidar Sulaiman Al-Haidar as Board of Directors Qatar Navigation Company (Milaha) has announced the resignation of Mr. Sulaiman Haidar Sulaiman Al-Haidar, member of the Board of Directors. Price Target Changed • Nov 23
Price target raised to ر.ق7.95 Up from ر.ق7.35, the current price target is provided by 1 analyst. The new target price is 23% above the current share price of ر.ق6.45. As of last close, the stock is up 5.0% over the past year. Is New 90 Day High Low • Nov 16
New 90-day high: ر.ق6.10 The company is up 2.0% from its price of ر.ق6.00 on 18 August 2020. The Qatari market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Shipping industry, which is up 24% over the same period. Is New 90 Day High Low • Oct 29
New 90-day high: ر.ق6.05 The company is up 3.0% from its price of ر.ق5.86 on 29 July 2020. The Qatari market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Shipping industry, which is up 22% over the same period. Analyst Estimate Surprise Post Earnings • Oct 23
Third-quarter earnings released: Earnings beat expectations, revenue disappoints Third-quarter revenue missed analyst estimates by 11% at ر.ق487.1m. Earnings per share (EPS) exceeded analyst estimates by 21% at ر.ق0.08. Revenue is forecast to grow 4.7% over the next year, compared to a 5.2% growth forecast for the Shipping industry in Qatar. Reported Earnings • Oct 23
Third quarter earnings released Over the last 12 months the company has reported total profits of ر.ق511.5m, down 4.5% from the prior year. Total revenue was ر.ق2.28b over the last 12 months, down 6.7% from the prior year.