Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ر.س20.50, the stock trades at a trailing P/E ratio of 16.3x. Average trailing P/E is 18x in the Commercial Services industry in Saudi Arabia. Total loss to shareholders of 78% over the past year. Reported Earnings • Apr 07
Full year 2025 earnings released: EPS: ر.س1.25 (vs ر.س3.10 in FY 2024) Full year 2025 results: EPS: ر.س1.25 (down from ر.س3.10 in FY 2024). Revenue: ر.س43.1m (down 7.5% from FY 2024). Net income: ر.س6.27m (down 60% from FY 2024). Profit margin: 14% (down from 33% in FY 2024). The decrease in margin was primarily driven by higher expenses. Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ر.س36.00, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 15x in the Commercial Services industry in Saudi Arabia. Total loss to shareholders of 69% over the past year. New Risk • Mar 22
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Saudi stocks, typically moving 7.6% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.6% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 0% Cash payout ratio: 108% Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Profit margins are more than 30% lower than last year (24% net profit margin). Market cap is less than US$100m (ر.س141.9m market cap, or US$37.8m). New Risk • Mar 20
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 0% Cash payout ratio: 108% Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (7.5% average weekly change). Profit margins are more than 30% lower than last year (24% net profit margin). Market cap is less than US$100m (ر.س141.9m market cap, or US$37.8m). Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ر.س27.68, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 14x in the Commercial Services industry in Saudi Arabia. Total loss to shareholders of 76% over the past year. Valuation Update With 7 Day Price Move • Sep 17
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ر.س50.00, the stock trades at a trailing P/E ratio of 23.3x. Average trailing P/E is 17x in the Commercial Services industry in Saudi Arabia. Total loss to shareholders of 48% over the past year. Valuation Update With 7 Day Price Move • Aug 31
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ر.س59.80, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 22x in the Commercial Services industry in Saudi Arabia. Total loss to shareholders of 3.8% over the past year. New Risk • Aug 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ر.س367.5m (US$97.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (ر.س367.5m market cap, or US$97.9m). Announcement • Jul 01
Leaf Global Environmental Services Co. Announces Cash Dividend, Payable on July 10, 2025 Leaf Global Environmental Services Company announced that at its AGM held on June 26, 2025, shareholders approved the Board of Directors' recommendation to distribute cash dividends in the amount of SAR 10,000,000 to shareholders for the fiscal period ending on December 31, 2024, at a rate of SAR 2.00 per share, representing 40% of the share capital. Eligibility shall be for shareholders holding shares at the end of the trading day on which the General Assembly is convened and who are registered in the company’s shareholder registry at the Securities Depository Center Company (Edaa) at the end of the second trading day following the eligibility date. Dividend distribution will commence by transferring the amounts to the bank accounts linked to the eligible shareholders’ portfolios starting from July 10, 2025. New Risk • Jun 19
New minor risk - Dividend sustainability The company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 2.2% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.1% average weekly change). High level of non-cash earnings (47% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Short dividend paying track record (less than a year of continuous dividend payments). Announcement • Jun 06
Leaf Global Environmental Services Company announces Annual dividend Leaf Global Environmental Services Company announced Annual dividend of SAR 2.0000 per share, ex-date on June 29, 2025 and record date on June 30, 2025. Announcement • Jun 05
Leaf Global Environmental Services Company, Annual General Meeting, Jun 26, 2025 Leaf Global Environmental Services Company, Annual General Meeting, Jun 26, 2025, at 19:15 Arab Standard Time. Location: jeddah Saudi Arabia Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ر.س102, the stock trades at a trailing P/E ratio of 26.4x. Average trailing P/E is 28x in the Commercial Services industry in Saudi Arabia. New Risk • Mar 24
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). High level of non-cash earnings (47% accrual ratio). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ر.س135, the stock trades at a trailing P/E ratio of 35x. Average trailing P/E is 34x in the Commercial Services industry in Saudi Arabia. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ر.س124, the stock trades at a trailing P/E ratio of 32.1x. Average trailing P/E is 31x in the Commercial Services industry in Saudi Arabia. Valuation Update With 7 Day Price Move • Dec 25
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ر.س118, the stock trades at a trailing P/E ratio of 30.6x. Average trailing P/E is 28x in the Commercial Services industry in Saudi Arabia. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ر.س117, the stock trades at a trailing P/E ratio of 30.3x. Average trailing P/E is 29x in the Commercial Services industry in Saudi Arabia. Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ر.س116, the stock trades at a trailing P/E ratio of 30.1x. Average trailing P/E is 18x in the Commercial Services industry in Asia. 
