Upcoming Dividend • Jun 11
Upcoming dividend of ر.س0.58 per share Eligible shareholders must have bought the stock before 18 June 2026. Payment date: 25 June 2026. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of Saudi dividend payers (6.0%). Higher than average of industry peers (2.8%). Announcement • May 21
Leejam Sports Company, Annual General Meeting, Jun 18, 2026 Leejam Sports Company, Annual General Meeting, Jun 18, 2026, at 18:30 Arab Standard Time. Location: riyadh Saudi Arabia Reported Earnings • May 06
First quarter 2026 earnings released: EPS: ر.س0.96 (vs ر.س1.35 in 1Q 2025) First quarter 2026 results: EPS: ر.س0.96 (down from ر.س1.35 in 1Q 2025). Revenue: ر.س369.4m (flat on 1Q 2025). Net income: ر.س48.8m (down 31% from 1Q 2025). Profit margin: 13% (down from 19% in 1Q 2025). Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Hospitality industry in Saudi Arabia. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Price Target Changed • Apr 10
Price target decreased by 18% to ر.س129 Down from ر.س158, the current price target is an average from 6 analysts. New target price is 46% above last closing price of ر.س88.65. Stock is down 38% over the past year. The company is forecast to post earnings per share of ر.س6.32 for next year compared to ر.س5.85 last year. Announcement • Mar 25
Leejam Sports Company(SASE:1830) dropped from FTSE All-World Index (USD) Leejam Sports Company(SASE:1830) dropped from FTSE All-World Index (USD) Price Target Changed • Mar 09
Price target decreased by 7.5% to ر.س149 Down from ر.س161, the current price target is an average from 6 analysts. New target price is 84% above last closing price of ر.س81.30. Stock is down 47% over the past year. The company is forecast to post earnings per share of ر.س5.92 for next year compared to ر.س5.85 last year. New Risk • Feb 28
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 127% 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 (127% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (19% net profit margin). Reported Earnings • Feb 26
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: ر.س5.85 (down from ر.س8.69 in FY 2024). Revenue: ر.س1.61b (up 7.5% from FY 2024). Net income: ر.س302.1m (down 34% from FY 2024). Profit margin: 19% (down from 30% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) also missed analyst estimates by 14%. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Hospitality industry in Saudi Arabia. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Declared Dividend • Feb 20
Third quarter dividend of ر.س0.93 announced Shareholders will receive a dividend of ر.س0.93. Ex-date: 24th February 2026 Payment date: 10th March 2026 Dividend yield will be 3.8%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (87% cash payout ratio). The dividend has increased by an average of 15% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 36% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 19
Leejam Sports Company announces Quarterly dividend, payable on March 10, 2026 Leejam Sports Company announced Quarterly dividend of SAR 0.9300 per share payable on March 10, 2026, ex-date on February 24, 2026 and record date on February 25, 2026. Buy Or Sell Opportunity • Jan 29
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 21% to ر.س101. The fair value is estimated to be ر.س129, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 9.0% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Buy Or Sell Opportunity • Dec 25
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 29% to ر.س101. The fair value is estimated to be ر.س133, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 9.1% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Major Estimate Revision • Dec 09
Consensus EPS estimates increase by 15%, revenue downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from ر.س1.67b to ر.س1.64b. EPS estimate rose from ر.س5.29 to ر.س6.08. Net income forecast to grow 12% next year vs 21% growth forecast for Hospitality industry in Saudi Arabia. Consensus price target broadly unchanged at ر.س160. Share price was steady at ر.س112 over the past week. Reported Earnings • Nov 08
Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2025 results: EPS: ر.س1.58 (down from ر.س3.57 in 3Q 2024). Revenue: ر.س438.7m (up 8.1% from 3Q 2024). Net income: ر.س82.4m (down 56% from 3Q 2024). Profit margin: 19% (down from 46% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) missed analyst estimates by 25%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Hospitality industry in Saudi Arabia. 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 14% per year. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ر.س126, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Hospitality industry in Saudi Arabia. Total returns to shareholders of 60% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ر.س134 per share. Declared Dividend • Oct 30
Second quarter dividend of ر.س0.95 announced Shareholders will receive a dividend of ر.س0.95. Ex-date: 2nd November 2025 Payment date: 13th November 2025 Dividend yield will be 3.0%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (60% earnings payout ratio) but not covered by cash flows (118% cash payout ratio). The dividend has increased by an average of 15% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Oct 29
Leejam Sports Company announces Quarterly dividend, payable on November 13, 2025 Leejam Sports Company announced Quarterly dividend of SAR 0.9500 per share payable on November 13, 2025, ex-date on November 02, 2025 and record date on November 03, 2025. Reported Earnings • Aug 05
Second quarter 2025 earnings: EPS exceeds analyst expectations Second quarter 2025 results: EPS: ر.س1.40 (up from ر.س1.40 in 2Q 2024). Revenue: ر.س375.6m (up 9.3% from 2Q 2024). Net income: ر.س73.2m (flat on 2Q 2024). Profit margin: 20% (down from 21% in 2Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 17%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Hospitality industry in Saudi Arabia. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Declared Dividend • Aug 01
First quarter dividend of ر.س0.84 announced Shareholders will receive a dividend of ر.س0.84. Ex-date: 6th August 2025 Payment date: 14th August 2025 Dividend yield will be 3.5%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (62% earnings payout ratio) but not covered by cash flows (137% cash payout ratio). The dividend has increased by an average of 15% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 29% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jul 31
Leejam Sports Company announces Quarterly dividend, payable on August 14, 2025 Leejam Sports Company announced Quarterly dividend of SAR 0.8400 per share payable on August 14, 2025, ex-date on August 06, 2025 and record date on August 07, 2025. Buy Or Sell Opportunity • Jun 29
Now 24% overvalued Over the last 90 days, the stock has fallen 14% to ر.س131. The fair value is estimated to be ر.س106, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 8.0% per annum over the same time period. Announcement • May 27
Leejam Sports Company announces Quarterly dividend, payable on June 04, 2025 Leejam Sports Company announced Quarterly dividend of SAR 0.8100 per share payable on June 04, 2025, ex-date on May 28, 2025 and record date on May 29, 2025. Major Estimate Revision • May 22
Consensus EPS estimates fall by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ر.س1.71b to ر.س1.65b. EPS estimate also fell from ر.س7.35 per share to ر.س6.59 per share. Net income forecast to shrink 15% next year vs 20% growth forecast for Hospitality industry in Saudi Arabia . Consensus price target down from ر.س192 to ر.س186. Share price rose 2.3% to ر.س131 over the past week. New Risk • May 15
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 129% 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 (129% net debt to equity). Dividend is not well covered by cash flows (197% cash payout ratio). Large one-off items impacting financial results. Reported Earnings • May 14
First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2025 results: EPS: ر.س1.36 (down from ر.س1.80 in 1Q 2024). Revenue: ر.س368.9m (up 7.4% from 1Q 2024). Net income: ر.س70.5m (down 25% from 1Q 2024). Profit margin: 19% (down from 27% in 1Q 2024). Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 4.9%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in Saudi Arabia. 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 9% per year, which means it is significantly lagging earnings growth. Announcement • Apr 29
Leejam Sports Company, Annual General Meeting, May 22, 2025 Leejam Sports Company, Annual General Meeting, May 22, 2025, at 20:30 Arab Standard Time. Location: riyadh Saudi Arabia Price Target Changed • Apr 16
Price target decreased by 7.2% to ر.س193 Down from ر.س208, the current price target is an average from 10 analysts. New target price is 35% above last closing price of ر.س143. Stock is down 32% over the past year. The company is forecast to post earnings per share of ر.س7.44 for next year compared to ر.س8.69 last year. Major Estimate Revision • Mar 25
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.س1.79b to ر.س1.72b. EPS estimate also fell from ر.س8.76 per share to ر.س7.68 per share. Net income forecast to shrink 6.5% next year vs 25% growth forecast for Hospitality industry in Saudi Arabia . Consensus price target down from ر.س208 to ر.س196. Share price fell 5.2% to ر.س150 over the past week. New Risk • Feb 24
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 20% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (20% accrual ratio). Minor Risk Dividend is not well covered by cash flows (142% cash payout ratio). New Risk • Feb 19
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 101% 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 (101% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Feb 18
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: ر.س8.73 (up from ر.س6.80 in FY 2023). Revenue: ر.س1.50b (up 13% from FY 2023). Net income: ر.س456.3m (up 28% from FY 2023). Profit margin: 30% (up from 27% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) also missed analyst estimates by 1.4%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Hospitality industry in Saudi Arabia. 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 7% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Feb 16
Upcoming dividend of ر.س1.18 per share Eligible shareholders must have bought the stock before 23 February 2025. Payment date: 05 March 2025. Payout ratio is a comfortable 58% and the cash payout ratio is 78%. Trailing yield: 2.2%. Lower than top quartile of Saudi dividend payers (4.7%). In line with average of industry peers (2.1%). Buy Or Sell Opportunity • Nov 27
Now 21% overvalued Over the last 90 days, the stock has fallen 15% to ر.س184. The fair value is estimated to be ر.س152, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 31%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 7.8% per annum over the same time period. New Risk • Nov 10
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (22% accrual ratio). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Nov 06
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: ر.س3.57 (up from ر.س1.76 in 3Q 2023). Revenue: ر.س405.7m (up 17% from 3Q 2023). Net income: ر.س186.8m (up 103% from 3Q 2023). Profit margin: 46% (up from 27% in 3Q 2023). The increase in margin was primarily driven by higher revenue. Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) also surpassed analyst estimates by 66%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Hospitality industry in Saudi Arabia. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Declared Dividend • Nov 01
Second quarter dividend of ر.س2.14 announced Shareholders will receive a dividend of ر.س2.14. Ex-date: 10th November 2024 Payment date: 21st November 2024 Dividend yield will be 2.8%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by both earnings (57% earnings payout ratio) and cash flows (73% cash payout ratio). The dividend has increased by an average of 11% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 47% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Oct 27
Now 20% overvalued Over the last 90 days, the stock has fallen 11% to ر.س205. The fair value is estimated to be ر.س171, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 35%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Reported Earnings • Aug 05
Second quarter 2024 earnings released: EPS: ر.س1.39 (vs ر.س1.38 in 2Q 2023) Second quarter 2024 results: EPS: ر.س1.39 (up from ر.س1.38 in 2Q 2023). Revenue: ر.س343.7m (up 14% from 2Q 2023). Net income: ر.س73.2m (up 1.0% from 2Q 2023). Profit margin: 21% (down from 24% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Hospitality industry in Saudi Arabia. Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 31% per year. Declared Dividend • Aug 02
First quarter dividend of ر.س0.95 announced Shareholders will receive a dividend of ر.س0.95. Ex-date: 11th August 2024 Payment date: 22nd August 2024 Dividend yield will be 2.1%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (54% earnings payout ratio) and cash flows (68% cash payout ratio). The dividend has increased by an average of 11% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 51% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ر.س200, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 29x in the Hospitality industry in Saudi Arabia. Total returns to shareholders of 182% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ر.س144 per share. New Risk • Jul 30
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 Saudi stocks, typically moving 6.1% 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. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.1% average weekly change). Announcement • May 18
Leejam Sports Company, Annual General Meeting, Jun 06, 2024 Leejam Sports Company, Annual General Meeting, Jun 06, 2024, at 18:45 Arab Standard Time. Location: riyadh Saudi Arabia Reported Earnings • May 16
First quarter 2024 earnings: EPS and revenues exceed analyst expectations First quarter 2024 results: EPS: ر.س1.80 (up from ر.س1.20 in 1Q 2023). Revenue: ر.س343.5m (up 24% from 1Q 2023). Net income: ر.س94.2m (up 50% from 1Q 2023). Profit margin: 27% (up from 23% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.6%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Hospitality industry in Saudi Arabia. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Price Target Changed • May 05
Price target increased by 8.1% to ر.س204 Up from ر.س189, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of ر.س206. Stock is up 84% over the past year. The company is forecast to post earnings per share of ر.س8.08 for next year compared to ر.س6.80 last year. Reported Earnings • Mar 29
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: ر.س6.80 (up from ر.س4.91 in FY 2022). Revenue: ر.س1.33b (up 24% from FY 2022). Net income: ر.س356.2m (up 39% from FY 2022). Profit margin: 27% (up from 24% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 1.5%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Hospitality industry in Saudi Arabia. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Declared Dividend • Mar 21
Third quarter dividend of ر.س1.33 announced Shareholders will receive a dividend of ر.س1.33. Ex-date: 24th March 2024 Payment date: 3rd April 2024 Dividend yield will be 1.5%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is covered by both earnings (54% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 6.7% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to grow by 44% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ر.س214, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 36x in the Hospitality industry in Saudi Arabia. Total returns to shareholders of 232% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ر.س129 per share. Price Target Changed • Dec 22
Price target increased by 7.3% to ر.س184 Up from ر.س171, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of ر.س191. Stock is up 132% over the past year. The company is forecast to post earnings per share of ر.س6.66 for next year compared to ر.س4.91 last year. Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ر.س194, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 20x in the Hospitality industry in Asia. Total returns to shareholders of 172% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ر.س127 per share. Price Target Changed • Nov 13
Price target increased by 8.4% to ر.س157 Up from ر.س145, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of ر.س162. Stock is up 90% over the past year. The company is forecast to post earnings per share of ر.س6.37 for next year compared to ر.س4.91 last year. Reported Earnings • Nov 03
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: ر.س1.76 (up from ر.س1.30 in 3Q 2022). Revenue: ر.س348.2m (up 32% from 3Q 2022). Net income: ر.س92.2m (up 35% from 3Q 2022). Profit margin: 27% (in line with 3Q 2022). Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 25%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Hospitality industry in Saudi Arabia. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ر.س166, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 22x in the Hospitality industry in Asia. Total returns to shareholders of 175% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ر.س136 per share. Price Target Changed • Sep 07
Price target increased by 11% to ر.س151 Up from ر.س136, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of ر.س150. Stock is up 88% over the past year. The company is forecast to post earnings per share of ر.س6.10 for next year compared to ر.س4.91 last year. Price Target Changed • Aug 30
Price target increased by 9.6% to ر.س141 Up from ر.س128, the current price target is an average from 9 analysts. New target price is 12% below last closing price of ر.س160. Stock is up 91% over the past year. The company is forecast to post earnings per share of ر.س6.34 for next year compared to ر.س4.91 last year. Major Estimate Revision • Aug 16
Consensus EPS estimates increase by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from ر.س1.23b to ر.س1.30b. EPS estimate increased from ر.س5.84 to ر.س6.60 per share. Net income forecast to grow 6.7% next year vs 34% growth forecast for Hospitality industry in Saudi Arabia. Consensus price target up from ر.س128 to ر.س133. Share price was steady at ر.س153 over the past week. Reported Earnings • Aug 08
Second quarter 2023 earnings: EPS and revenues exceed analyst expectations Second quarter 2023 results: EPS: ر.س1.38 (up from ر.س0.69 in 2Q 2022). Revenue: ر.س301.8m (up 30% from 2Q 2022). Net income: ر.س72.5m (up 101% from 2Q 2022). Profit margin: 24% (up from 16% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 9.7%. Earnings per share (EPS) also surpassed analyst estimates by 44%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Hospitality industry in Saudi Arabia. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jun 20
Price target increased by 7.5% to ر.س122 Up from ر.س114, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of ر.س127. Stock is up 34% over the past year. The company is forecast to post earnings per share of ر.س5.79 for next year compared to ر.س4.91 last year. Announcement • Jun 16
Leejam Sports Company (SASE:1830) acquired Al-Tatheer Sports Company for SAR 12 million. Leejam Sports Company (SASE:1830) acquired Al-Tatheer Sports Company for SAR 12 million on June 14, 2023. This acquisition is in line with the company's strategy which aims to expand Leejam Sports Company's business base by expanding in new segments, enhancing its services and reaching a new customer base in line with the company's vision and objectives. With this acquisition, Leejam launches its new business sector, which is specialized fitness studios. This transaction was funded entirely from the operating cash flows of Leejam Sports Company. The terms of the deal have also been met, including but not limited to, obtaining the General Authority for Competition's non-objection, and the sellers' implementation of procedures and requirements that have been agreed upon.Leejam Sports Company (SASE:1830) completed the acquisition of Al-Tatheer Sports Company on June 14, 2023. Reported Earnings • May 20
First quarter 2023 earnings released: EPS: ر.س1.20 (vs ر.س0.88 in 1Q 2022) First quarter 2023 results: EPS: ر.س1.20 (up from ر.س0.88 in 1Q 2022). Revenue: ر.س277.0m (up 20% from 1Q 2022). Net income: ر.س62.7m (up 36% from 1Q 2022). Profit margin: 23% (up from 20% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Hospitality industry in Saudi Arabia. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 26
Price target increased by 9.5% to ر.س112 Up from ر.س103, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of ر.س113. Stock is up 1.1% over the past year. The company is forecast to post earnings per share of ر.س5.67 for next year compared to ر.س4.91 last year. Major Estimate Revision • Mar 16
Consensus EPS estimates increase by 19% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from ر.س1.14b to ر.س1.23b. EPS estimate increased from ر.س4.97 to ر.س5.90 per share. Net income forecast to grow 20% next year vs 35% growth forecast for Hospitality industry in Saudi Arabia. Consensus price target of ر.س106 unchanged from last update. Share price fell 3.0% to ر.س95.30 over the past week. Reported Earnings • Mar 11
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: ر.س4.91 (up from ر.س3.93 in FY 2021). Revenue: ر.س1.07b (up 20% from FY 2021). Net income: ر.س257.3m (up 25% from FY 2021). Profit margin: 24% (in line with FY 2021). Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Hospitality 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 20% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. Vice Chairman & MD Hamad bin Al-Saqri was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Nov 07
Third quarter 2022 earnings released: EPS: ر.س1.30 (vs ر.س1.46 in 3Q 2021) Third quarter 2022 results: EPS: ر.س1.30 (down from ر.س1.46 in 3Q 2021). Revenue: ر.س264.5m (up 4.2% from 3Q 2021). Net income: ر.س68.1m (down 11% from 3Q 2021). Profit margin: 26% (down from 30% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Hospitality industry in Asia. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. 
