Saudi Fisheries (SASE:6050) - Share price, News & Analysis

Q: What is the Fair Price of 6050 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

6050 (SAR38.2) is trading above our estimate of [[fair value]] (SAR1.07)

6050 fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	0/6
Financial Health	5/6
Dividends	0/6

6050 Stock Overview

Saudi Fisheries Company engages in fishing, fish-farming, and marketing activities in the Kingdom of Saudi Arabia.

Risk Analysis

Earnings have declined by 1.1% per year over past 5 years

Volatile share price over the past 3 months

Saudi Fisheries Competitors

Tanmiah Food

SASE:2281

ر.س1.7b

Halwani Bros

SASE:6001

ر.س2.6b

Sinad Holding

SASE:4080

ر.س2.2b

Wafrah for Industry and Development

SASE:2100

ر.س948.0m

Price History & Performance

Summary of all time highs, changes and price drops for Saudi Fisheries
Historical stock prices
Current Share Price	ر.س38.20
52 Week High	ر.س60.00
52 Week Low	ر.س27.95
Beta	0.57
1 Month Change	15.41%
3 Month Change	0.53%
1 Year Change	-34.02%
3 Year Change	-26.26%
5 Year Change	-36.92%
Change since IPO	-83.60%

Shareholder Returns

	6050	SA Food	SA Market
7D	3.8%	1.2%	0.4%
1Y	-34.0%	-15.6%	18.2%

Return vs Industry: 6050 underperformed the SA Food industry which returned -15.6% over the past year.

Return vs Market: 6050 underperformed the SA Market which returned 18.2% over the past year.

Price Volatility

Is 6050's price volatile compared to industry and market?
6050 volatility
6050 Average Weekly Movement	7.9%
Food Industry Average Movement	5.2%
Market Average Movement	5.2%
10% most volatile stocks in SA Market	8.0%
10% least volatile stocks in SA Market	3.3%

Stable Share Price: 6050 is more volatile than 75% of SA stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 6050's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of SA stocks.

About the Company

Founded	Employees	CEO	Website
1980	n/a	Awwad Al-Dasouqi	https://www.alasmak.com.sa

Saudi Fisheries Company engages in fishing, fish-farming, and marketing activities in the Kingdom of Saudi Arabia. The company’s seafood products include hareed, hamour baloul, zubaidi, shaour emperor, andak red sea bream, dennis seabream, qarous sea bass, hamor seaman, and nagel fish, as well as crab, peeled shrimp, lobster, squid, and salmon and knad steaks. It also offers meal products, including salmon grilled with rice, sweet sour shrimp with rice, tempura fish, fried prawns with potatoes, daqoos, flour, thome, green salad, spiced eggplant, rabban timbora, his sanctity, and chickpeas, as well as frozen shrimp.

Saudi Fisheries Fundamentals Summary

How do Saudi Fisheries's earnings and revenue compare to its market cap?
6050 fundamental statistics
Market Cap	ر.س1.54b
Earnings (TTM)	-ر.س39.92m
Revenue (TTM)	ر.س52.55m

29.1x

P/S Ratio

-38.3x

P/E Ratio

Is 6050 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
6050 income statement (TTM)
Revenue	ر.س52.55m
Cost of Revenue	ر.س40.46m
Gross Profit	ر.س12.10m
Other Expenses	ر.س52.01m
Earnings	-ر.س39.92m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	-1.00
Gross Margin	23.02%
Net Profit Margin	-75.96%
Debt/Equity Ratio	1.8%

How did 6050 perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

Is 6050 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 6050?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for 6050. This is calculated by dividing 6050's market cap by their current preferred multiple.
What is 6050's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	ر.س1.54b

6050 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	27.8x
Enterprise Value/EBITDA	-61.5x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 6050's PS Ratio compare to its peers?

6050 PS Ratio vs Peers

The above table shows the PS ratio for 6050 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PS	Estimated Growth	Market Cap
Peer Average	4.2x
2281 Tanmiah Food	1.1x	16.1%	ر.س1.7b
6001 Halwani Bros	2.4x	6.0%	ر.س2.6b
4080 Sinad Holding	1.2x	n/a	ر.س2.2b
2100 Wafrah for Industry and Development	12.1x	n/a	ر.س948.0m
6050 Saudi Fisheries	29.1x	n/a	ر.س1.5b

Price-To-Sales vs Peers: 6050 is expensive based on its Price-To-Sales Ratio (29.1x) compared to the peer average (4.2x).

Price to Earnings Ratio vs Industry

How does 6050's PE Ratio compare vs other companies in the Asian Food Industry?

Price-To-Sales vs Industry: 6050 is expensive based on its Price-To-Sales Ratio (29.1x) compared to the SA Food industry average (4.7x)

Price to Sales Ratio vs Fair Ratio

What is 6050's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

6050 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	29.1x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 6050's Price-To-Sales Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of 6050 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 6050 (SAR38.2) is trading above our estimate of fair value (SAR1.07)

Significantly Below Fair Value: 6050 is trading above our estimate of fair value.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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Future Growth

How is Saudi Fisheries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

17.8%

Forecasted Food, Beverage & Tobacco industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Saudi Fisheries has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

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Examine Saudi Fisheries's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.

Past Performance

How has Saudi Fisheries performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-1.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 6050 is currently unprofitable.

Growing Profit Margin: 6050 is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: 6050 is unprofitable, and losses have increased over the past 5 years at a rate of 1.1% per year.

Accelerating Growth: Unable to compare 6050's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 6050 is unprofitable, making it difficult to compare its past year earnings growth to the Food industry (-19.3%).

Return on Equity

High ROE: 6050 has a negative Return on Equity (-15.62%), as it is currently unprofitable.

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Financial Health

How is Saudi Fisheries's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: 6050's short term assets (SAR141.9M) exceed its short term liabilities (SAR46.7M).

Long Term Liabilities: 6050's short term assets (SAR141.9M) exceed its long term liabilities (SAR14.9M).

Debt to Equity History and Analysis

Debt Level: 6050 has more cash than its total debt.

Reducing Debt: 6050's debt to equity ratio has reduced from 6.2% to 1.8% over the past 5 years.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: 6050 has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if 6050 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.

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Dividend

What is Saudi Fisheries's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate 6050's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 6050'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 6050's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 6050's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 6050 has not reported any payouts.

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Management

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

CEO

Awwad Al-Dasouqi

0.083

Tenure

Mr. Awwad Farouk Al-Dasouqi is Acting Chief Executive Officer of Saudi Fisheries Company from July 01, 2022 he also serves as Chief Financial Officer. He has Bachelor's in Accounting from Amman Arab Univer...

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.

Data	Last Updated (UTC time)
Company Analysis	2022/08/11 00:00
End of Day Share Price	2022/08/11 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31