SASE:6010

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National Agricultural Development

Market Cap

ر.س4.0b

Last Updated

2021/07/30 14:04 UTC

Data Sources

Company Financials +

Executive Summary

The National Agricultural Development Company operates as an agricultural and livestock production company in the Kingdom of Saudi Arabia and internationally. More Details


Snowflake Analysis

Proven track record with reasonable growth potential.


Similar Companies

Share Price & News

How has National Agricultural Development's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 6010 is less volatile than 75% of SA stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: 6010's weekly volatility (2%) has been stable over the past year.


Market Performance


7 Day Return

0.6%

6010

0.7%

SA Food

0.3%

SA Market


1 Year Return

29.4%

6010

14.3%

SA Food

14.8%

SA Market

Return vs Industry: 6010 exceeded the SA Food industry which returned 14.3% over the past year.

Return vs Market: 6010 exceeded the SA Market which returned 14.8% over the past year.


Shareholder returns

6010IndustryMarket
7 Day0.6%0.7%0.3%
30 Day-2.6%-5.5%-1.1%
90 Day-3.8%6.8%0.02%
1 Year29.4%29.4%16.7%14.3%19.2%14.8%
3 Year40.8%40.8%32.9%26.0%42.2%29.2%
5 Year124.0%124.0%52.2%38.9%104.7%74.0%

Long-Term Price Volatility Vs. Market

How volatile is National Agricultural Development's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is National Agricultural Development undervalued compared to its fair value and its price relative to the market?

14.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 6010 (SAR39.2) is trading below our estimate of fair value (SAR45.58)

Significantly Below Fair Value: 6010 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 6010 is poor value based on its PE Ratio (167.2x) compared to the SA Food industry average (38.5x).

PE vs Market: 6010 is poor value based on its PE Ratio (167.2x) compared to the SA market (33.9x).


Price to Earnings Growth Ratio

PEG Ratio: 6010 is poor value based on its PEG Ratio (2.5x)


Price to Book Ratio

PB vs Industry: 6010 is good value based on its PB Ratio (2.7x) compared to the SA Food industry average (3.7x).


Future Growth

How is National Agricultural Development forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

67.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6010's forecast earnings growth (67.3% per year) is above the savings rate (8.8%).

Earnings vs Market: 6010's earnings (67.3% per year) are forecast to grow faster than the SA market (6.8% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 6010's revenue (3.7% per year) is forecast to grow faster than the SA market (3.3% per year).

High Growth Revenue: 6010's revenue (3.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 6010's Return on Equity is forecast to be low in 3 years time (10.2%).


Past Performance

How has National Agricultural Development performed over the past 5 years?

-34.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 6010 has high quality earnings.

Growing Profit Margin: 6010's current net profit margins (1%) are higher than last year (0.6%).


Past Earnings Growth Analysis

Earnings Trend: 6010's earnings have declined by 34.7% per year over the past 5 years.

Accelerating Growth: 6010's earnings growth over the past year (63.7%) exceeds its 5-year average (-34.7% per year).

Earnings vs Industry: 6010 earnings growth over the past year (63.7%) exceeded the Food industry 38.9%.


Return on Equity

High ROE: 6010's Return on Equity (1.6%) is considered low.


Financial Health

How is National Agricultural Development's financial position?


Financial Position Analysis

Short Term Liabilities: 6010's short term assets (SAR1.2B) do not cover its short term liabilities (SAR1.4B).

Long Term Liabilities: 6010's short term assets (SAR1.2B) exceed its long term liabilities (SAR1.1B).


Debt to Equity History and Analysis

Debt Level: 6010's debt to equity ratio (100.5%) is considered high.

Reducing Debt: 6010's debt to equity ratio has reduced from 133.8% to 100.5% over the past 5 years.

Debt Coverage: 6010's debt is well covered by operating cash flow (33%).

Interest Coverage: 6010's interest payments on its debt are not well covered by EBIT (2x coverage).


Balance Sheet


Dividend

What is National Agricultural Development current dividend yield, its reliability and sustainability?

0.94%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 6010's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 6010's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 6010's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 6010's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 6010 is not paying a notable dividend for the SA market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 6010's dividend in 3 years as they are not forecast to pay a notable one for the SA market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.7yrs

Average management tenure


CEO

Steen Hadsbjerg

1.25yrs

Tenure

Mr. Steen Hadsbjerg serves as Chief Executive Officer at The National Agricultural Development Company since April 1, 2020. Mr. Hadsbjerg has distinguished career and international experience spanning. He ...


Leadership Team

Experienced Management: 6010's management team is seasoned and experienced (6.7 years average tenure).


Board Members

Experienced Board: 6010's board of directors are not considered experienced ( 0.3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

The National Agricultural Development Company's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: The National Agricultural Development Company
  • Ticker: 6010
  • Exchange: SASE
  • Founded: 1981
  • Industry: Agricultural Products
  • Sector: Food, Beverage & Tobacco
  • Market Cap: ر.س3.984b
  • Shares outstanding: 101.64m
  • Website: https://www.nadec.com

Location

  • The National Agricultural Development Company
  • PO Box 2557
  • Riyadh
  • 11461
  • Saudi Arabia

Listings


Biography

The National Agricultural Development Company operates as an agricultural and livestock production company in the Kingdom of Saudi Arabia and internationally. It also engages in the reclamation of agricult...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/30 14:04
End of Day Share Price2021/07/29 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.