Upcoming Dividend • Jun 01
Upcoming dividend of ر.س0.04 per share Eligible shareholders must have bought the stock before 08 June 2026. Payment date: 21 June 2026. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Saudi dividend payers (6.0%). Lower than average of industry peers (4.8%). Announcement • May 21
BinDawood Holding Company, Annual General Meeting, Jun 17, 2026 BinDawood Holding Company, Annual General Meeting, Jun 17, 2026, at 19:30 Arab Standard Time. Location: jeddah Saudi Arabia Reported Earnings • May 20
First quarter 2026 earnings released: EPS: ر.س0.06 (vs ر.س0.06 in 1Q 2025) First quarter 2026 results: EPS: ر.س0.06 (in line with 1Q 2025). Revenue: ر.س1.81b (up 8.2% from 1Q 2025). Net income: ر.س70.1m (up 4.5% from 1Q 2025). Profit margin: 3.9% (down from 4.0% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Consumer Retailing industry in Saudi Arabia. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Major Estimate Revision • Apr 15
Consensus EPS estimates increase by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from ر.س6.68b to ر.س6.94b. EPS estimate increased from ر.س0.258 to ر.س0.286 per share. Net income forecast to grow 2.6% next year vs 12% growth forecast for Consumer Retailing industry in Saudi Arabia. Consensus price target down from ر.س5.46 to ر.س5.27. Share price rose 6.7% to ر.س5.38 over the past week. Reported Earnings • Mar 26
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: ر.س0.24. Revenue: ر.س6.35b (up 12% from FY 2024). Net income: ر.س269.9m (flat on FY 2024). Profit margin: 4.3% (down from 4.8% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Consumer Retailing industry in Saudi Arabia. Announcement • Mar 25
BinDawood Holding Company(SASE:4161) dropped from FTSE All-World Index (USD) BinDawood Holding Company(SASE:4161) dropped from FTSE All-World Index (USD) Major Estimate Revision • Dec 09
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ر.س6.33b to ر.س6.24b. EPS estimate also fell from ر.س0.257 per share to ر.س0.226 per share. Net income forecast to grow 6.4% next year vs 13% growth forecast for Consumer Retailing industry in Saudi Arabia. Consensus price target down from ر.س6.69 to ر.س5.85. Share price rose 7.3% to ر.س4.88 over the past week. Price Target Changed • Dec 05
Price target decreased by 9.5% to ر.س6.05 Down from ر.س6.69, the current price target is an average from 6 analysts. New target price is 26% above last closing price of ر.س4.80. Stock is down 28% over the past year. The company is forecast to post earnings per share of ر.س0.22 for next year compared to ر.س0.24 last year. Upcoming Dividend • Dec 03
Upcoming dividend of ر.س0.04 per share Eligible shareholders must have bought the stock before 07 December 2025. Payment date: 18 December 2025. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of Saudi dividend payers (5.9%). Lower than average of industry peers (5.5%). Buy Or Sell Opportunity • Nov 17
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.6% to ر.س5.23. The fair value is estimated to be ر.س6.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.5% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 5.5% in the next 2 years. New Risk • Nov 16
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 20% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (20% operating cash flow to total debt). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Nov 12
Third quarter 2025 earnings released: EPS: ر.س0.04 (vs ر.س0.029 in 3Q 2024) Third quarter 2025 results: EPS: ر.س0.04 (up from ر.س0.029 in 3Q 2024). Revenue: ر.س1.53b (up 12% from 3Q 2024). Net income: ر.س40.2m (up 21% from 3Q 2024). Profit margin: 2.6% (up from 2.4% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Consumer Retailing industry in Saudi Arabia. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Aug 29
Consensus EPS estimates fall by 16% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from ر.س0.267 to ر.س0.224 per share. Revenue forecast steady at ر.س6.32b. Net income forecast to grow 6.6% next year vs 14% growth forecast for Consumer Retailing industry in Saudi Arabia. Consensus price target broadly unchanged at ر.س6.63. Share price was steady at ر.س5.53 over the past week. Reported Earnings • Aug 13
Second quarter 2025 earnings released: EPS: ر.س0.05 (vs ر.س0.064 in 2Q 2024) Second quarter 2025 results: EPS: ر.س0.05 (down from ر.س0.064 in 2Q 2024). Revenue: ر.س1.47b (up 4.0% from 2Q 2024). Net income: ر.س51.8m (down 29% from 2Q 2024). Profit margin: 3.5% (down from 5.1% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Consumer Retailing industry in Saudi Arabia. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • May 27
BinDawood Holding Company, Annual General Meeting, Jun 29, 2025 BinDawood Holding Company, Annual General Meeting, Jun 29, 2025, at 19:30 Arab Standard Time. Location: jeddah Saudi Arabia New Risk • May 24
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 126% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (126% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • May 22
First quarter 2025 earnings released: EPS: ر.س0.06 (vs ر.س0.052 in 1Q 2024) First quarter 2025 results: EPS: ر.س0.06 (up from ر.س0.052 in 1Q 2024). Revenue: ر.س1.67b (up 14% from 1Q 2024). Net income: ر.س65.7m (up 10% from 1Q 2024). Profit margin: 3.9% (down from 4.1% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Consumer Retailing industry in Saudi Arabia. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 11
Upcoming dividend of ر.س0.10 per share Eligible shareholders must have bought the stock before 18 May 2025. Payment date: 29 May 2025. Payout ratio is on the higher end at 84%, however this is supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Saudi dividend payers (5.2%). Lower than average of industry peers (4.0%). New Risk • Mar 20
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 117% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (117% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Declared Dividend • Mar 19
Final dividend of ر.س0.10 announced Dividend of ر.س0.10 is the same as last year. Ex-date: 18th May 2025 Payment date: 29th May 2025 Dividend yield will be 3.2%, which is lower than the industry average of 3.5%. Sustainability & Growth Dividend is covered by both earnings (80% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has remained flat since 4 years ago. However, payments have been volatile during that time. EPS is expected to grow by 23% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 18
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: ر.س0.24. Revenue: ر.س5.68b (up 1.3% from FY 2023). Net income: ر.س280.2m (up 1.3% from FY 2023). Profit margin: 4.9% (in line with FY 2023). Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 3.8%. Revenue is forecast to grow 8.8% p.a. on average during the next 2 years, compared to a 6.8% growth forecast for the Consumer Retailing industry in Saudi Arabia. Announcement • Feb 18
BinDawood Holding Company (SASE:4161) completed the acquisition of Zahrat Al Rawdah Pharmacies LLC from Planet Pharmacies LLC. BinDawood Holding Company (SASE:4161) agreed to acquire Zahrat Al Rawdah Pharmacies LLC from Planet Pharmacies LLC for approximately SAR 440 million on October 31, 2024. The transaction is in line with Julphar's strategy to divest non-core activities and pivot towards future portfolio growth areas. The company will invest part of the divestment proceeds in its growing pipeline of value adding and specialty pharmaceutical products. In addition, the company is exploring different strategic options for establishing the development and manufacturing of pipeline products in the Kingdom of Saudi Arabia. The transaction is subject to certain conditions and customary approvals. It is expected to be completed in the first quarter of 2025.
On January 1, 2025, the BinDawood received approval from the General Authority for Competition.
BinDawood Holding Company (SASE:4161) completed the acquisition of Zahrat Al Rawdah Pharmacies LLC from Planet Pharmacies LLC on February 18, 2025. Reported Earnings • Nov 13
Third quarter 2024 earnings released: EPS: ر.س0.03 (vs ر.س0.031 in 3Q 2023) Third quarter 2024 results: EPS: ر.س0.03 (down from ر.س0.031 in 3Q 2023). Revenue: ر.س1.36b (flat on 3Q 2023). Net income: ر.س33.3m (down 4.6% from 3Q 2023). Profit margin: 2.4% (down from 2.6% in 3Q 2023). Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Consumer Retailing industry in Saudi Arabia. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Declared Dividend • Nov 09
First half dividend of ر.س0.10 announced Dividend of ر.س0.10 is the same as last year. Ex-date: 26th November 2024 Payment date: 8th December 2024 Dividend yield will be 2.9%, which is lower than the industry average of 3.5%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has remained flat since 4 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. Reported Earnings • Aug 13
Second quarter 2024 earnings released: EPS: ر.س0.06 (vs ر.س0.061 in 2Q 2023) Second quarter 2024 results: EPS: ر.س0.06. Revenue: ر.س1.42b (flat on 2Q 2023). Net income: ر.س72.6m (up 4.8% from 2Q 2023). Profit margin: 5.1% (up from 4.9% in 2Q 2023). Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Consumer Retailing industry in Saudi Arabia. Buy Or Sell Opportunity • Jul 01
Now 30% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to ر.س7.38. The fair value is estimated to be ر.س10.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.7% over the last 3 years. Earnings per share has declined by 16%. For the next 3 years, revenue is forecast to grow by 6.1% per annum. Earnings are also forecast to grow by 10% per annum over the same time period. Buy Or Sell Opportunity • Jun 26
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to ر.س7.42. The fair value is estimated to be ر.س9.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.7% over the last 3 years. Earnings per share has declined by 16%. For the next 3 years, revenue is forecast to grow by 6.2% per annum. Earnings are also forecast to grow by 9.6% per annum over the same time period. Announcement • Jun 10
BinDawood Holding Company, Annual General Meeting, Jun 30, 2024 BinDawood Holding Company, Annual General Meeting, Jun 30, 2024, at 19:30 Arab Standard Time. Location: jeddah Saudi Arabia Price Target Changed • May 23
Price target increased by 9.8% to ر.س7.57 Up from ر.س6.90, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of ر.س7.29. Stock is up 5.7% over the past year. The company is forecast to post earnings per share of ر.س0.29 for next year compared to ر.س0.24 last year. Reported Earnings • May 22
First quarter 2024 earnings: EPS misses analyst expectations First quarter 2024 results: EPS: ر.س0.05 (up from ر.س0.045 in 1Q 2023). Revenue: ر.س1.47b (up 6.6% from 1Q 2023). Net income: ر.س59.7m (up 16% from 1Q 2023). Profit margin: 4.1% (up from 3.7% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 17%. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Consumer Retailing industry in Saudi Arabia. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 13% per year. Reported Earnings • Apr 05
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: ر.س0.24 (up from ر.س0.10 in FY 2022). Revenue: ر.س5.60b (up 14% from FY 2022). Net income: ر.س276.5m (up 133% from FY 2022). Profit margin: 4.9% (up from 2.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 31%. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Consumer Retailing industry in Saudi Arabia. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ر.س8.69, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 26x in the Consumer Retailing industry in Saudi Arabia. Total loss to shareholders of 16% over the past three years. Upcoming Dividend • Nov 12
Upcoming dividend of ر.س0.10 per share at 3.1% yield Eligible shareholders must have bought the stock before 19 November 2023. Payment date: 30 November 2023. Payout ratio is on the higher end at 87%, however this is supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Saudi dividend payers (4.7%). Lower than average of industry peers (3.8%). Major Estimate Revision • Sep 28
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from ر.س0.221 to ر.س0.195 per share. Revenue forecast steady at ر.س5.55b. Net income forecast to grow 118% next year vs 22% growth forecast for Consumer Retailing industry in Saudi Arabia. Consensus price target down from ر.س6.72 to ر.س6.51. Share price was steady at ر.س6.21 over the past week. Reported Earnings • Aug 22
Second quarter 2023 earnings: EPS and revenues exceed analyst expectations Second quarter 2023 results: EPS: ر.س0.41 (up from ر.س0.037 in 2Q 2022). Revenue: ر.س1.41b (up 16% from 2Q 2022). Net income: ر.س69.3m (up 64% from 2Q 2022). Profit margin: 4.9% (up from 3.5% in 2Q 2022). Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Consumer Retailing industry in Saudi Arabia. Buying Opportunity • Aug 08
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 4.7%. The fair value is estimated to be ر.س8.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.4% over the last 3 years. Earnings per share has declined by 53%. Revenue is forecast to grow by 15% in 2 years. Earnings is forecast to grow by 285% in the next 2 years. New Risk • Jul 02
New major risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 207% Dividend yield: 2.6% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. 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: Minor Risks Dividend is not well covered by earnings (207% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.1% net profit margin). Major Estimate Revision • Jun 10
Consensus EPS estimates increase by 18% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from ر.س5.14b to ر.س5.48b. EPS estimate increased from ر.س2.04 to ر.س2.41 per share. Net income forecast to grow 196% next year vs 13% growth forecast for Consumer Retailing industry in Saudi Arabia. Consensus price target broadly unchanged at ر.س65.34. Share price rose 4.5% to ر.س69.00 over the past week. Reported Earnings • May 30
First quarter 2023 earnings released: EPS: ر.س0.49 (vs ر.س0.57 in 1Q 2022) First quarter 2023 results: EPS: ر.س0.49 (down from ر.س0.57 in 1Q 2022). Revenue: ر.س1.38b (up 18% from 1Q 2022). Net income: ر.س55.9m (down 15% from 1Q 2022). Profit margin: 4.0% (down from 5.6% in 1Q 2022). Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Consumer Retailing industry in Asia. Price Target Changed • Jan 19
Price target decreased to ر.س64.44 Down from ر.س70.44, the current price target is an average from 8 analysts. New target price is 8.3% above last closing price of ر.س59.50. Stock is down 39% over the past year. The company is forecast to post earnings per share of ر.س0.77 for next year compared to ر.س2.10 last year. Major Estimate Revision • Jan 18
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from ر.س0.91 to ر.س0.80 per share. Revenue forecast steady at ر.س4.69b. Net income forecast to grow 238% next year vs 13% growth forecast for Consumer Retailing industry in Saudi Arabia. Consensus price target down from ر.س70.44 to ر.س67.44. Share price was steady at ر.س57.10 over the past week. Price Target Changed • Dec 01
Price target decreased to ر.س73.53 Down from ر.س83.40, the current price target is an average from 8 analysts. New target price is 41% above last closing price of ر.س52.00. Stock is down 46% over the past year. The company is forecast to post earnings per share of ر.س0.91 for next year compared to ر.س2.10 last year. Major Estimate Revision • Nov 26
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from ر.س1.94 to ر.س1.01 per share. Revenue forecast steady at ر.س4.70b. Net income forecast to grow 275% next year vs 0.5% growth forecast for Consumer Retailing industry in Saudi Arabia. Consensus price target down from ر.س84.53 to ر.س79.28. Share price fell 5.6% to ر.س49.20 over the past week. Price Target Changed • Nov 16
Price target decreased to ر.س84.53 Down from ر.س94.17, the current price target is an average from 8 analysts. New target price is 61% above last closing price of ر.س52.50. Stock is down 48% over the past year. The company is forecast to post earnings per share of ر.س1.94 for next year compared to ر.س2.10 last year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Nitin Khanna was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Third quarter 2022 earnings: Revenues exceed analyst expectations Third quarter 2022 results: Revenue: ر.س1.18b (up 9.7% from 3Q 2021). Net loss: ر.س48.3m (down 169% from profit in 3Q 2021). Revenue exceeded analyst estimates by 1.5%. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Consumer Retailing industry in Saudi Arabia. Price Target Changed • Nov 09
Price target decreased to ر.س85.81 Down from ر.س94.17, the current price target is an average from 9 analysts. New target price is 53% above last closing price of ر.س56.00. Stock is down 45% over the past year. The company is forecast to post earnings per share of ر.س1.91 for next year compared to ر.س2.10 last year. Major Estimate Revision • Nov 05
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from ر.س2.13 to ر.س1.91 per share. Revenue forecast steady at ر.س4.73b. Net income forecast to grow 41% next year vs 33% growth forecast for Consumer Retailing industry in Saudi Arabia. Consensus price target down from ر.س94.17 to ر.س90.22. Share price was steady at ر.س63.50 over the past week. Major Estimate Revision • Oct 11
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from ر.س2.39 to ر.س2.13 per share. Revenue forecast steady at ر.س4.75b. Net income forecast to grow 58% next year vs 25% growth forecast for Consumer Retailing industry in Saudi Arabia. Consensus price target down from ر.س99.74 to ر.س95.33. Share price fell 3.1% to ر.س68.00 over the past week. Major Estimate Revision • Sep 24
Consensus EPS estimates increase by 44% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from ر.س4.56b to ر.س4.77b. EPS estimate increased from ر.س1.66 to ر.س2.39 per share. Net income forecast to grow 67% next year vs 25% growth forecast for Consumer Retailing industry in Saudi Arabia. Consensus price target down from ر.س104 to ر.س99.74. Share price fell 4.5% to ر.س68.00 over the past week. Major Estimate Revision • Sep 08
Consensus EPS estimates fall by 63% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from ر.س4.85b to ر.س4.50b. EPS estimate also fell from ر.س2.76 per share to ر.س1.02 per share. Net income forecast to grow 68% next year vs 25% growth forecast for Consumer Retailing industry in Saudi Arabia. Consensus price target broadly unchanged at ر.س104. Share price fell 4.0% to ر.س78.70 over the past week. Upcoming Dividend • Sep 05
Upcoming dividend of ر.س0.90 per share Eligible shareholders must have bought the stock before 12 September 2022. Payment date: 25 September 2022. Payout ratio is on the higher end at 93%, however this is supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Saudi dividend payers (4.4%). Lower than average of industry peers (2.7%). Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: ر.س0.37 (vs ر.س0.83 in 2Q 2021) Second quarter 2022 results: EPS: ر.س0.37 (down from ر.س0.83 in 2Q 2021). Revenue: ر.س1.23b (up 9.5% from 2Q 2021). Net income: ر.س42.3m (down 55% from 2Q 2021). Profit margin: 3.4% (down from 8.5% in 2Q 2021). Over the next year, revenue is forecast to grow 12%, compared to a 6.3% growth forecast for the Consumer Retailing industry in Saudi Arabia. Announcement • Aug 25
Bin Dawood Holding Company Announces the Distribution of Cash Dividend for the First Half of the Financial Year 2022, Distribution Date Is September 25, 2022 Bin Dawood Holding Company announced the distribution of Cash Dividend of 0.9 per share for the first half of the financial year 2022. The eligibility of dividends distribution shall be for the shareholders who own shares by the end of the trading day on September 11, 2022. Distribution Date is September 25, 2022. Announcement • Jun 03
Bin Dawood Holding Company, Annual General Meeting, Jun 26, 2022 Bin Dawood Holding Company, Annual General Meeting, Jun 26, 2022, at 16:30 Coordinated Universal Time. Location: BinDawood Holding Headquarter Jeddah Saudi Arabia Agenda: To consider and approve the Voting on the Board of Directors' Report for the fiscal year ending on December 31, 2022; Voting on the auditor report on the Company's accounts for the fiscal year ending on December 31, 2022; Voting on the financial statements for the fiscal year ending on December 31, 2022; Voting on appointing the auditor for the Company from among the candidates based on the Audit Committee's recommendation. The appointed auditor shall examine, review and audit the (second, third) quarter and annual financial statements, of the fiscal year 2022, and the first quarter of the fiscal year 2023, and the determination of the auditor's (s') remuneration; and to discuss other matters. Reported Earnings • May 28
First quarter 2022 earnings: EPS misses analyst expectations First quarter 2022 results: EPS: ر.س0.57 (up from ر.س0.54 in 1Q 2021). Revenue: ر.س1.18b (up 4.5% from 1Q 2021). Net income: ر.س65.5m (up 5.4% from 1Q 2021). Profit margin: 5.6% (up from 5.5% in 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 22%. Over the next year, revenue is forecast to grow 17%, compared to a 7.3% growth forecast for the industry in Saudi Arabia. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Nitin Khanna was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 06
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: ر.س2.10 (down from ر.س3.92 in FY 2020). Revenue: ر.س4.38b (down 15% from FY 2020). Net income: ر.س240.6m (down 46% from FY 2020). Profit margin: 5.5% (down from 8.7% in FY 2020). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 4.3%. Earnings per share (EPS) also missed analyst estimates by 22%. Over the next year, revenue is forecast to grow 16%, compared to a 22% growth forecast for the retail industry in Saudi Arabia. Upcoming Dividend • Apr 04
Upcoming dividend of ر.س0.65 per share Eligible shareholders must have bought the stock before 11 April 2022. Payment date: 17 April 2022. Payout ratio is a comfortable 50% and the cash payout ratio is 85%. Trailing yield: 2.6%. Lower than top quartile of Saudi dividend payers (4.1%). Higher than average of industry peers (1.9%). Announcement • Apr 02
Bin Dawood Holding Company, Annual General Meeting, Apr 21, 2022 Bin Dawood Holding Company, Annual General Meeting, Apr 21, 2022, at 19:15 Coordinated Universal Time. Agenda: To consider and approve the voting for election of the Board members from among the candidates for the next term; and to vote on the formation of the Audit Committee, and the definition of its duties, work regulations and remuneration of its members for the new term. Announcement • Mar 30
Bin Dawood Holding Company Announces Distribution of Cash Dividends for the Second Half of the Year 2021 BinDawood Holding Company announced the distribution of cash dividends for the second half of the year 2021 of SAR 0.65 per share. The total amount distributed is SAR 74,295,000. Major Estimate Revision • Jan 27
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from ر.س4.70b to ر.س4.58b. EPS estimate also fell from ر.س3.04 per share to ر.س2.69 per share. Net income forecast to grow 24% next year vs 18% growth forecast for Consumer Retailing industry in Saudi Arabia. Consensus price target broadly unchanged at ر.س110. Share price was steady at ر.س96.80 over the past week. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS ر.س0.61 (vs ر.س0.69 in 3Q 2020) The company reported a poor third quarter result with weaker earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: ر.س1.08b (flat on 3Q 2020). Net income: ر.س70.2m (down 11% from 3Q 2020). Profit margin: 6.5% (down from 7.3% in 3Q 2020). Upcoming Dividend • Aug 22
Upcoming dividend of ر.س1.25 per share Eligible shareholders must have bought the stock before 29 August 2021. Payment date: 05 September 2021. Trailing yield: 1.2%. Lower than top quartile of Saudi dividend payers (4.3%). Lower than average of industry peers (1.8%). Reported Earnings • Aug 21
Second quarter 2021 earnings released: EPS ر.س0.83 (vs ر.س1.62 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ر.س1.12b (down 27% from 2Q 2020). Net income: ر.س95.0m (down 49% from 2Q 2020). Profit margin: 8.5% (down from 12% in 2Q 2020). The decrease in margin was driven by lower revenue.