2370 Stock Overview
Manufactures and sells fiber optic cables, steel insulated wires and cables, copper insulated wires and cables, and aluminum insulated wires and cables in Saudi Arabia and the United Arab Emirates. More details
| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 0/6 |
| Past Performance | 5/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
Rewards
Risk Analysis
No risks detected for 2370 from our risk checks.
My Notes
Capture your thoughts, links and company narrative
Middle East Specialized Cables Company Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ر.س41.15 |
| 52 Week High | ر.س44.00 |
| 52 Week Low | ر.س19.66 |
| Beta | 0.88 |
| 1 Month Change | 10.62% |
| 3 Month Change | 7.16% |
| 1 Year Change | 83.87% |
| 3 Year Change | 104.73% |
| 5 Year Change | 331.79% |
| Change since IPO | -64.72% |
Recent News & Updates
Middle East Specialized Cables Company (TADAWUL:2370) Might Not Be As Mispriced As It Looks
Sep 04
Shareholders Would Enjoy A Repeat Of Middle East Specialized Cables' (TADAWUL:2370) Recent Growth In Returns
Aug 06Recent updates
Middle East Specialized Cables Company (TADAWUL:2370) Might Not Be As Mispriced As It Looks
Sep 04Shareholders Would Enjoy A Repeat Of Middle East Specialized Cables' (TADAWUL:2370) Recent Growth In Returns
Aug 06Middle East Specialized Cables (TADAWUL:2370) Is Looking To Continue Growing Its Returns On Capital
Apr 22After Leaping 26% Middle East Specialized Cables Company (TADAWUL:2370) Shares Are Not Flying Under The Radar
Mar 01Middle East Specialized Cables Company (TADAWUL:2370) Surges 30% Yet Its Low P/S Is No Reason For Excitement
Apr 18Middle East Specialized Cables (TADAWUL:2370) Might Have The Makings Of A Multi-Bagger
Oct 20We Think Middle East Specialized Cables' (TADAWUL:2370) Robust Earnings Are Conservative
Sep 15Investors Who Bought Middle East Specialized Cables (TADAWUL:2370) Shares A Year Ago Are Now Up 112%
Mar 02Here’s What’s Happening With Returns At Middle East Specialized Cables (TADAWUL:2370)
Jan 07
Shareholder Returns
| 2370 | SA Electrical | SA Market | |
|---|---|---|---|
| 7D | 3.3% | -1.0% | 0.04% |
| 1Y | 83.9% | 18.9% | -9.9% |
Return vs Industry: 2370 exceeded the SA Electrical industry which returned 18.9% over the past year.
Return vs Market: 2370 exceeded the SA Market which returned -9.9% over the past year.
Price Volatility
| 2370 volatility | |
|---|---|
| 2370 Average Weekly Movement | 5.2% |
| Electrical Industry Average Movement | 7.3% |
| Market Average Movement | 4.0% |
| 10% most volatile stocks in SA Market | 7.9% |
| 10% least volatile stocks in SA Market | 2.5% |
Stable Share Price: 2370 has not had significant price volatility in the past 3 months compared to the SA market.
Volatility Over Time: 2370's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1992 | n/a | Fadhil Alsaadi | www.mesccables.com |
Middle East Specialized Cables Company, together with its subsidiaries, manufactures and sells fiber optic cables, steel insulated wires and cables, copper insulated wires and cables, and aluminum insulated wires and cables in Saudi Arabia and the United Arab Emirates. The company offers instrumentation and process cables for use in oil, gas and petrochemical, automation and process control, and marine and offshore industries; building wires that are used in new constructions; power and control cables that are used in construction and industrial applications; and data and communication cables, such as co-axial, LAN, computer, telephone, and system cables. It also manufactures PVC compounds for wire and cable insulation and sheathing applications; and flexible cables used in various applications, including machine tool manufacture, power stations, heating and air conditioning installations, etc. In addition, the company produces and sells fire cables used as a fixed wiring within buildings for fire alarms systems; irrigation cables used in commercial sprinkler and irrigation systems, golf courses, public parks, plantations, and commercial produce farms; and bare copper used in earthling electrical systems and overhead electrical transmission and distribution system.
Middle East Specialized Cables Company Fundamentals Summary
| 2370 fundamental statistics | |
|---|---|
| Market cap | ر.س1.65b |
| Earnings (TTM) | ر.س79.18m |
| Revenue (TTM) | ر.س1.09b |
20.8x
P/E Ratio1.5x
P/S RatioIs 2370 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 2370 income statement (TTM) | |
|---|---|
| Revenue | ر.س1.09b |
| Cost of Revenue | ر.س903.18m |
| Gross Profit | ر.س189.71m |
| Other Expenses | ر.س110.52m |
| Earnings | ر.س79.18m |
Last Reported Earnings
Sep 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.98 |
| Gross Margin | 17.36% |
| Net Profit Margin | 7.25% |
| Debt/Equity Ratio | 13.1% |
How did 2370 perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/25 22:44 |
| End of Day Share Price | 2024/12/25 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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 here.
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 world class team 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 .
Analyst Sources
Middle East Specialized Cables Company is covered by 3 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 |
|---|---|
| Wafaa Baddour | EFG-Hermes Research |
| Tarek El-Shawarby | EFG-Hermes Research |
| Raj Sinha | HSBC |