New Risk • Jul 08
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ر.س374.7m (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 20% per year over the past 5 years. Minor Risks Less than 1 year of cash runway based on current free cash flow (-ر.س53m). Market cap is less than US$100m (ر.س374.7m market cap, or US$99.8m). New Risk • Jun 25
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -ر.س53m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 20% per year over the past 5 years. Minor Risk Less than 1 year of cash runway based on current free cash flow (-ر.س53m). Announcement • Jun 24
Takween Advanced Industries has filed a Follow-on Equity Offering in the amount of SAR 400 million. Takween Advanced Industries has filed a Follow-on Equity Offering in the amount of SAR 400 million.
Security Name: Shares
Security Type: Common Stock
Transaction Features: Rights Offering Reported Earnings • May 22
First quarter 2026 earnings released: ر.س0.25 loss per share (vs ر.س0.12 loss in 1Q 2025) First quarter 2026 results: ر.س0.25 loss per share (further deteriorated from ر.س0.12 loss in 1Q 2025). Revenue: ر.س217.2m (up 50% from 1Q 2025). Net loss: ر.س19.0m (loss widened 100% from 1Q 2025). Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Packaging industry in Asia. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings. Announcement • May 19
Takween Advanced Industries, Annual General Meeting, Jun 23, 2026 Takween Advanced Industries, Annual General Meeting, Jun 23, 2026, at 18:30 Arab Standard Time. Location: khobar Saudi Arabia Price Target Changed • May 18
Price target decreased by 40% to ر.س3.38 Down from ر.س5.66, the current price target is provided by 1 analyst. New target price is 32% below last closing price of ر.س5.00. Stock is down 39% over the past year. The company posted a net loss per share of ر.س2.64 last year. New Risk • May 17
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -ر.س51m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 19% per year over the past 5 years. Minor Risk Less than 1 year of cash runway based on current free cash flow (-ر.س51m). Reported Earnings • Nov 13
Third quarter 2025 earnings released: ر.س0.21 loss per share (vs ر.س0.26 loss in 3Q 2024) Third quarter 2025 results: ر.س0.21 loss per share (improved from ر.س0.26 loss in 3Q 2024). Revenue: ر.س166.5m (down 9.4% from 3Q 2024). Net loss: ر.س15.8m (loss narrowed 10% from 3Q 2024). Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Packaging industry in Asia. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 14
Second quarter 2025 earnings released: ر.س0.34 loss per share (vs ر.س0.061 loss in 2Q 2024) Second quarter 2025 results: ر.س0.34 loss per share (further deteriorated from ر.س0.061 loss in 2Q 2024). Revenue: ر.س138.4m (down 14% from 2Q 2024). Net loss: ر.س26.0m (loss widened ر.س21.9m from 2Q 2024). Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Packaging industry in Asia. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. New Risk • Aug 14
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -ر.س95m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 21% per year over the past 5 years. Minor Risk Less than 1 year of cash runway based on current free cash flow (-ر.س95m). Price Target Changed • Jun 10
Price target decreased by 23% to ر.س6.92 Down from ر.س8.95, the current price target is provided by 1 analyst. New target price is 11% below last closing price of ر.س7.78. Stock is down 38% over the past year. The company posted a net loss per share of ر.س1.05 last year. Reported Earnings • May 17
First quarter 2025 earnings released: ر.س0.12 loss per share (vs ر.س0.066 loss in 1Q 2024) First quarter 2025 results: ر.س0.12 loss per share (further deteriorated from ر.س0.066 loss in 1Q 2024). Revenue: ر.س145.0m (down 21% from 1Q 2024). Net loss: ر.س9.52m (loss widened 138% from 1Q 2024). Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Packaging industry in Asia. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings. Announcement • Apr 29
Takween Advanced Industries, Annual General Meeting, May 19, 2025 Takween Advanced Industries, Annual General Meeting, May 19, 2025, at 19:00 Arab Standard Time. Location: khobar Saudi Arabia Announcement • Apr 17
Takween Advanced Industries to Report Fiscal Year 2024 Results on Apr 16, 2025 Takween Advanced Industries announced that they will report fiscal year 2024 results at 10:00 AM, Arabian Standard Time on Apr 16, 2025 Reported Earnings • Apr 11
Full year 2024 earnings released: ر.س1.05 loss per share (vs ر.س4.81 loss in FY 2023) Full year 2024 results: ر.س1.05 loss per share (improved from ر.س4.81 loss in FY 2023). Revenue: ر.س671.7m (down 18% from FY 2023). Net loss: ر.س75.8m (loss narrowed 66% from FY 2023). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Packaging industry in Asia. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has fallen by 35% per year, which means it is performing significantly worse than earnings. Reported Earnings • Nov 14
Third quarter 2024 earnings released: ر.س0.23 loss per share (vs ر.س0.65 loss in 3Q 2023) Third quarter 2024 results: ر.س0.23 loss per share (improved from ر.س0.65 loss in 3Q 2023). Revenue: ر.س183.9m (down 5.6% from 3Q 2023). Net loss: ر.س17.7m (loss narrowed 42% from 3Q 2023). Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Packaging industry in Asia. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 34% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 08
Second quarter 2024 earnings released: ر.س0.061 loss per share (vs ر.س0.65 loss in 2Q 2023) Second quarter 2024 results: ر.س0.061 loss per share (improved from ر.س0.65 loss in 2Q 2023). Revenue: ر.س161.8m (down 26% from 2Q 2023). Net loss: ر.س4.17m (loss narrowed 86% from 2Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Packaging industry in Asia. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 38% per year, which means it has not declined as severely as earnings. New Risk • May 11
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -ر.س148m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-ر.س148m free cash flow). Earnings have declined by 28% per year over the past 5 years. Shareholders have been substantially diluted in the past year (65% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (6.8% average weekly change). Announcement • Apr 04
Takween Advanced Industries, Annual General Meeting, May 05, 2024 Takween Advanced Industries, Annual General Meeting, May 05, 2024, at 16:00 Coordinated Universal Time. Agenda: To consider and represent the Board of Directors' report for the fiscal year ending on 12/31/2023 and discuss it; to consider and Vote on the company's auditor's report for the financial year ending on 12/31/2023 after discussing them; to consider and Represent the financial statements for the fiscal year ending on 12/31/2023 and discuss them; to consider and Vote on discharging the members of the Board of Directors from their liabilities for the fiscal year ending on 12/31/2023; to consider and Vote on appointing the company's auditor from among the candidates based on the recommendation of the Audit Committee; This is to examine, review and audit the financial statements for the quarter (second, third and fourth) and annual of the fiscal year 2024 AD, and the first quarter of the fiscal year 2025 AD, and determine their fees; and to consider other matters. Reported Earnings • Apr 03
Full year 2023 earnings released Full year 2023 results: Revenue: ر.س818.2m (down 22% from FY 2022). Net loss: ر.س223.3m (loss widened 41% from FY 2022). Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Packaging industry in Asia. Announcement • Mar 14
Takween Advanced Industries has completed a Follow-on Equity Offering in the amount of SAR 308.894673 million. Takween Advanced Industries has completed a Follow-on Equity Offering in the amount of SAR 308.894673 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 23,210,173
Price\Range: SAR 10
Security Name: Shares
Security Type: Common Stock
Securities Offered: 6,789,827
Price\Range: SAR 11.31
Transaction Features: Rights Offering Announcement • Feb 16
Takween Advanced Industries Co. Announces Board Changes Takween Advanced Industries announced that at its Extra Ordinary General Assembly’s Meeting held on February 13, 2024, approving the Board of Directors resolution to appoint Mr. Ammar Zahid as a member of the Board of Directors (independent member) from July 24, 2023 until the end of the current Board of Directors term on January 20, 2026 instead of the previous Board member, Mr. Ibrahim. Youssef Al-Mubarak (Independent Member). New Risk • Feb 15
New major risk - Revenue and earnings growth Earnings have declined by 20% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.2% average weekly change). Earnings have declined by 20% per year over the past 5 years. Minor Risk Less than 1 year of cash runway based on current free cash flow (-ر.س98m). New Risk • Feb 09
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 5.3% 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 Less than 1 year of cash runway based on current free cash flow (-ر.س98m). Currently unprofitable and not forecast to become profitable over next 2 years (ر.س88m net loss in 2 years). Share price has been volatile over the past 3 months (5.3% average weekly change). Reported Earnings • Nov 04
Third quarter 2023 earnings released: ر.س0.65 loss per share (vs ر.س0.47 loss in 3Q 2022) Third quarter 2023 results: ر.س0.65 loss per share (further deteriorated from ر.س0.47 loss in 3Q 2022). Revenue: ر.س194.7m (down 29% from 3Q 2022). Net loss: ر.س30.3m (loss widened 39% from 3Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Packaging industry in Asia. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Buying Opportunity • Aug 28
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be ر.س22.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has declined by 43%. Revenue is forecast to grow by 17% in 2 years. Earnings is forecast to grow by 64% in the next 2 years. New Risk • Aug 09
New major risk - Revenue and earnings growth Earnings have declined by 9.1% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 9.1% per year over the past 5 years. Minor Risk Less than 1 year of cash runway based on current free cash flow (-ر.س125m). Reported Earnings • Aug 09
Second quarter 2023 earnings released: ر.س0.65 loss per share (vs ر.س0.32 loss in 2Q 2022) Second quarter 2023 results: ر.س0.65 loss per share (further deteriorated from ر.س0.32 loss in 2Q 2022). Revenue: ر.س217.6m (down 24% from 2Q 2022). Net loss: ر.س30.1m (loss widened 101% from 2Q 2022). Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Packaging industry in Asia. Over the last 3 years on average, earnings per share has fallen by 43% 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. New Risk • Jul 30
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Saudi stocks, typically moving 31% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (31% average weekly change). Minor Risk Less than 1 year of cash runway based on current free cash flow (-ر.س31m). Reported Earnings • Apr 01
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: ر.س1.67 loss per share (further deteriorated from ر.س0.36 loss in FY 2021). Revenue: ر.س1.05b (up 25% from FY 2021). Net loss: ر.س158.9m (loss widened 366% from FY 2021). Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates significantly. Revenue is forecast to grow 5.9% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Packaging industry in Asia. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Board Change • Jan 25
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. 5 non-independent directors. Independent Deputy Chairman Saleh bin Hassan Al-Afaleq was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jan 09
Takween Advanced Industries Co. Announces Appointment of Majed Mazen Nofal as CEO, Effective January 9, 2023 Takween Advanced Industries Co. announced the appointment of Mr. Majed Mazen Nofal as CEO starting from January 9, 2023. He has experience in several fields and held several positions including CEO & CFO, in addition to having professional experience in managing companies, as he joined Ernst & Young in Riyadh in 1992 and served in Audit and Assurance services for nine years, then he joined Western Bakeries Co. (L'usine) in Jeddah as CFO for seven years, subsequent to the Almarai acquisition of Western Bakeries Co. he was appointed as CEO and served for approximately four years. In 2010 he was appointed as Head of Central Procurement for Almarai Company and served in that capacity for seven years. In 2017 he was appointed General Manager New Businesses, in the beginning of Jan. 2020 Mr. Nofal was appointed as CEO in Almarai, as in the end of 2020 Mr.Nofal was assigned as CEO in Pure beverage water and in the end of 2021 he was assigned as CEO in Daily Foods Co.(MAESTRO PIZZA). Mr. Majed Mazen Nofal holds a bachelor’s degree in Accounting from King Saud University. Announcement • Dec 06
Takween Advanced Industries, Annual General Meeting, Jan 04, 2023 Takween Advanced Industries, Annual General Meeting, Jan 04, 2023, at 18:30 Arabian Standard Time. Price Target Changed • Nov 16
Price target decreased to ر.س9.13 Down from ر.س10.40, the current price target is provided by 1 analyst. New target price is 9.8% below last closing price of ر.س10.12. Stock is down 45% over the past year. The company is forecast to post a net loss per share of ر.س0.45 next year compared to a net loss per share of ر.س0.36 last year. Reported Earnings • Aug 02
Second quarter 2022 earnings released: ر.س0.16 loss per share (vs ر.س0.12 loss in 2Q 2021) Second quarter 2022 results: ر.س0.16 loss per share (down from ر.س0.12 loss in 2Q 2021). Revenue: ر.س286.3m (up 29% from 2Q 2021). Net loss: ر.س15.0m (loss widened 31% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 17
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: ر.س0.09 loss per share (up from ر.س0.21 loss in 1Q 2021). Revenue: ر.س249.7m (up 34% from 1Q 2021). Net loss: ر.س8.98m (loss narrowed 54% from 1Q 2021). Revenue missed analyst estimates by 4.3%. Earnings per share (EPS) also missed analyst estimates by 149%. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 23% per year. Announcement • Apr 06
Takween Advanced Industries, Annual General Meeting, May 11, 2022 Takween Advanced Industries, Annual General Meeting, May 11, 2022, at 15:30 Coordinated Universal Time. Reported Earnings • Mar 04
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: ر.س0.35 loss per share (up from ر.س0.70 loss in FY 2020). Revenue: ر.س838.6m (up 11% from FY 2020). Net loss: ر.س34.1m (loss narrowed 49% from FY 2020). Revenue missed analyst estimates by 4.3%. Earnings per share (EPS) exceeded analyst estimates by 149%. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS ر.س0.42 (vs ر.س0.065 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: ر.س277.0m (down 3.9% from 3Q 2020). Net income: ر.س40.3m (up ر.س34.2m from 3Q 2020). Profit margin: 15% (up from 2.1% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jul 16
Second quarter 2021 earnings released: ر.س0.12 loss per share (vs ر.س0.10 loss in 2Q 2020) The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: ر.س222.1m (up 12% from 2Q 2020). Net loss: ر.س11.4m (loss widened 21% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 05
First quarter 2021 earnings released The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: ر.س186.3m (down 32% from 1Q 2020). Net loss: ر.س19.6m (loss widened 4.3% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 20% per year. Executive Departure • Mar 24
Deputy Chairman Sulaiman bin Abdulaziz Saleh Al-Tuwaijri has left the company On the 22nd of March, Sulaiman bin Abdulaziz Saleh Al-Tuwaijri's tenure in the role of Deputy Chairman ended. We don't have any record of a personal shareholding under Sulaiman's name. Sulaiman is the only executive to leave the company over the last 12 months. Is New 90 Day High Low • Feb 18
New 90-day high: ر.س14.78 The company is up 9.0% from its price of ر.س13.50 on 19 November 2020. The Saudi market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is up 8.0% over the same period. Is New 90 Day High Low • Dec 18
New 90-day high: ر.س14.40 The company is up 42% from its price of ر.س10.12 on 17 September 2020. The Saudi market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is up 5.0% over the same period. Is New 90 Day High Low • Nov 18
New 90-day high: ر.س14.02 The company is up 50% from its price of ر.س9.35 on 20 August 2020. The Saudi market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is up 9.0% over the same period. Reported Earnings • Nov 02
Third quarter 2020 earnings released: EPS ر.س0.065 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: ر.س288.2m (down 8.4% from 3Q 2019). Net income: ر.س6.14m (up ر.س34.9m from 3Q 2019). Profit margin: 2.1% (up from net loss in 3Q 2019). The move to profitability was driven by lower expenses. 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 4% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Oct 15
New 90-day high: ر.س13.22 The company is up 61% from its price of ر.س8.20 on 16 July 2020. The Saudi market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is up 10.0% over the same period. Is New 90 Day High Low • Sep 25
New 90-day high: ر.س10.40 The company is up 47% from its price of ر.س7.08 on 25 June 2020. The Saudi market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is up 16% over the same period.