Middle East Specialized Cables Company

SASE:2370 Stock Report

Market Cap: ر.س1.3b

Middle East Specialized Cables Past Earnings Performance

Past criteria checks 5/6

Middle East Specialized Cables has been growing earnings at an average annual rate of 64.8%, while the Electrical industry saw earnings growing at 15.8% annually. Revenues have been growing at an average rate of 17.7% per year. Middle East Specialized Cables's return on equity is 16.9%, and it has net margins of 6.9%.

Key information

64.8%

Earnings growth rate

64.8%

EPS growth rate

Electrical Industry Growth17.2%
Revenue growth rate17.7%
Return on equity16.9%
Net Margin6.9%
Last Earnings Update30 Jun 2024

Recent past performance updates

Recent updates

Shareholders Would Enjoy A Repeat Of Middle East Specialized Cables' (TADAWUL:2370) Recent Growth In Returns

Aug 06
Shareholders Would Enjoy A Repeat Of Middle East Specialized Cables' (TADAWUL:2370) Recent Growth In Returns

Middle East Specialized Cables (TADAWUL:2370) Is Looking To Continue Growing Its Returns On Capital

Apr 22
Middle East Specialized Cables (TADAWUL:2370) Is Looking To Continue Growing Its Returns On Capital

After Leaping 26% Middle East Specialized Cables Company (TADAWUL:2370) Shares Are Not Flying Under The Radar

Mar 01
After Leaping 26% Middle East Specialized Cables Company (TADAWUL:2370) Shares Are Not Flying Under The Radar

Middle East Specialized Cables Company (TADAWUL:2370) Surges 30% Yet Its Low P/S Is No Reason For Excitement

Apr 18
Middle East Specialized Cables Company (TADAWUL:2370) Surges 30% Yet Its Low P/S Is No Reason For Excitement

Middle East Specialized Cables (TADAWUL:2370) Might Have The Makings Of A Multi-Bagger

Oct 20
Middle East Specialized Cables (TADAWUL:2370) Might Have The Makings Of A Multi-Bagger

We Think Middle East Specialized Cables' (TADAWUL:2370) Robust Earnings Are Conservative

Sep 15
We Think Middle East Specialized Cables' (TADAWUL:2370) Robust Earnings Are Conservative

Investors Who Bought Middle East Specialized Cables (TADAWUL:2370) Shares A Year Ago Are Now Up 112%

Mar 02
Investors Who Bought Middle East Specialized Cables (TADAWUL:2370) Shares A Year Ago Are Now Up 112%

Here’s What’s Happening With Returns At Middle East Specialized Cables (TADAWUL:2370)

Jan 07
Here’s What’s Happening With Returns At Middle East Specialized Cables (TADAWUL:2370)

Revenue & Expenses Breakdown

How Middle East Specialized Cables makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

SASE:2370 Revenue, expenses and earnings (SAR Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Jun 241,03472810
31 Mar 241,00062780
31 Dec 2392749740
30 Sep 2389238620
30 Jun 2386325540
31 Mar 238451530
31 Dec 22814-12450
30 Sep 22731-29600
30 Jun 22666-38640
31 Mar 22592-23570
31 Dec 21517-23570
30 Sep 21506-7370
30 Jun 215067370
31 Mar 214973420
31 Dec 205262490
30 Sep 20507-5570
30 Jun 20490-9570
31 Mar 20494-14590
31 Dec 19468-25600
30 Sep 19487-54910
30 Jun 19512-62980
31 Mar 19543-811080
31 Dec 18592-801110
30 Sep 18613-40700
30 Jun 18630-28660
31 Mar 186513560
31 Dec 1767521560
30 Sep 1764643720
30 Jun 1766044740
31 Mar 17723115890
31 Dec 16759102890
30 Sep 16814-111130
30 Jun 16871-191200
31 Mar 16854-1061130
31 Dec 15888-1041140
30 Sep 15903-22850
30 Jun 15854-39850
31 Mar 15907-18830
31 Dec 14858-23780
30 Sep 14898-16790
30 Jun 1495519700
31 Mar 149139680
31 Dec 1393130700
30 Sep 1392426780

Quality Earnings: 2370 has high quality earnings.

Growing Profit Margin: 2370's current net profit margins (6.9%) are higher than last year (2.9%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: 2370 has become profitable over the past 5 years, growing earnings by 64.8% per year.

Accelerating Growth: 2370's earnings growth over the past year (189%) exceeds its 5-year average (64.8% per year).

Earnings vs Industry: 2370 earnings growth over the past year (189%) exceeded the Electrical industry 12.1%.


Return on Equity

High ROE: 2370's Return on Equity (16.9%) is considered low.


Return on Assets


Return on Capital Employed


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