SASE:6060

Stock Analysis Report

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Market Cap

ر.س825.0m

Last Updated

2021/07/30 14:04 UTC

Data Sources

Company Financials

Executive Summary

Al Sharqiah Development Company engages in the agricultural business in Saudi Arabia and internationally. More Details


Snowflake Analysis

Mediocre balance sheet with weak fundamentals.

Share Price & News

How has Ash-Sharqiyah Development's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 6060 is not significantly more volatile than the rest of SA stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 6060's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

6.8%

6060

1.1%

SA Food

0.6%

SA Market


1 Year Return

57.1%

6060

14.8%

SA Food

15.1%

SA Market

Return vs Industry: 6060 exceeded the SA Food industry which returned 14.3% over the past year.

Return vs Market: 6060 exceeded the SA Market which returned 14.8% over the past year.


Shareholder returns

6060IndustryMarket
7 Day6.8%1.1%0.6%
30 Day5.2%-4.6%-0.3%
90 Day15.2%7.3%0.3%
1 Year57.1%57.1%17.1%14.8%19.5%15.1%
3 Year111.5%111.5%33.4%26.4%43.7%30.5%
5 Year193.3%193.3%52.8%39.5%106.8%75.8%

Long-Term Price Volatility Vs. Market

How volatile is Ash-Sharqiyah Development's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Ash-Sharqiyah Development undervalued compared to its fair value and its price relative to the market?

5.78x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 6060's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 6060's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 6060 is unprofitable, so we can't compare its PE Ratio to the SA Food industry average.

PE vs Market: 6060 is unprofitable, so we can't compare its PE Ratio to the SA market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 6060's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 6060 is overvalued based on its PB Ratio (5.8x) compared to the SA Food industry average (3.7x).


Future Growth

How is Ash-Sharqiyah Development forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

15.2%

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 Ash-Sharqiyah Development 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.


Past Performance

How has Ash-Sharqiyah Development performed over the past 5 years?

-32.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 6060 is currently unprofitable.

Growing Profit Margin: 6060 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 6060 is unprofitable, and losses have increased over the past 5 years at a rate of 32.4% per year.

Accelerating Growth: Unable to compare 6060's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 6060 is unprofitable, making it difficult to compare its past year earnings growth to the Food industry (38.9%).


Return on Equity

High ROE: 6060 has a negative Return on Equity (-1.42%), as it is currently unprofitable.


Financial Health

How is Ash-Sharqiyah Development's financial position?


Financial Position Analysis

Short Term Liabilities: 6060's short term assets (SAR273.0K) do not cover its short term liabilities (SAR42.5M).

Long Term Liabilities: 6060's short term assets (SAR273.0K) exceed its long term liabilities (SAR50.3K).


Debt to Equity History and Analysis

Debt Level: 6060's debt to equity ratio (7.3%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if 6060's debt to equity ratio has reduced 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: 6060 has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if 6060 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Dividend

What is Ash-Sharqiyah Development current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 6060's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 6060'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 6060's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 6060's dividend payments have been increasing.


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 6060'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?

2.2yrs

Average board tenure


CEO

Mohammed Bin Al-Hejailan

no data

Tenure

Mr. Mohammed Bin Abdullah Al-Hejailan has been the Chief Executive Officer of Ash-Sharqiyah Development Co. since January 01, 2021. He serves as Managing Director of Ash-Sharqiyah Development Co. (formerly...


Board Members

Experienced Board: 6060's board of directors are not considered experienced ( 2.2 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

Ash-Sharqiyah Development Co.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ash-Sharqiyah Development Co.
  • Ticker: 6060
  • Exchange: SASE
  • Founded: 1986
  • Industry: Agricultural Products
  • Sector: Food, Beverage & Tobacco
  • Market Cap: ر.س825.000m
  • Shares outstanding: 7.50m
  • Website: https://www.asharqiyah.com.sa

Location

  • Ash-Sharqiyah Development Co.
  • 2592 King Khaled Street
  • Unit #8
  • Dammam
  • 32244
  • Saudi Arabia

Listings


Biography

Al Sharqiah Development Company engages in the agricultural business in Saudi Arabia and internationally. The company produces agricultural products, including clover, fodder, Rhodes grass, wheat and corn ...


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.