SASE:1211

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Saudi Arabian Mining Company (Ma'aden)

Market Cap

ر.س71.7b

Last Updated

2021/06/15 10:49 UTC

Data Sources

Company Financials +

Executive Summary

Saudi Arabian Mining Company (Ma'aden), together with its subsidiaries, operates as a multi-commodity mining company in the Kingdom of Saudi Arabia and internationally. More Details


Snowflake Analysis

Questionable track record with limited growth.


Similar Companies

Share Price & News

How has Saudi Arabian Mining Company (Ma'aden)'s share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 1211 is not significantly more volatile than the rest of SA stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 1211's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-1.2%

1211

-1.3%

SA Metals and Mining

0.2%

SA Market


1 Year Return

55.3%

1211

59.0%

SA Metals and Mining

18.4%

SA Market

Return vs Industry: 1211 underperformed the SA Metals and Mining industry which returned 57.4% over the past year.

Return vs Market: 1211 exceeded the SA Market which returned 18.5% over the past year.


Shareholder returns

1211IndustryMarket
7 Day-1.2%-1.3%0.2%
30 Day4.9%5.6%0.7%
90 Day13.4%14.0%3.0%
1 Year55.3%55.3%59.3%59.0%22.9%18.4%
3 Year1.9%1.9%7.5%7.4%42.2%28.7%
5 Year54.2%54.2%54.7%52.7%96.6%66.5%

Long-Term Price Volatility Vs. Market

How volatile is Saudi Arabian Mining Company (Ma'aden)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Saudi Arabian Mining Company (Ma'aden) undervalued compared to its fair value and its price relative to the market?

79.24x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 1211 (SAR58.5) is trading above our estimate of fair value (SAR6.94)

Significantly Below Fair Value: 1211 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 1211 is poor value based on its PE Ratio (79.5x) compared to the Asian Metals and Mining industry average (18.6x).

PE vs Market: 1211 is poor value based on its PE Ratio (79.5x) compared to the SA market (32.9x).


Price to Earnings Growth Ratio

PEG Ratio: 1211 is poor value based on its PEG Ratio (6.1x)


Price to Book Ratio

PB vs Industry: 1211 is good value based on its PB Ratio (2.3x) compared to the SA Metals and Mining industry average (3.2x).


Future Growth

How is Saudi Arabian Mining Company (Ma'aden) forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

13.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1211's forecast earnings growth (13% per year) is above the savings rate (8.8%).

Earnings vs Market: 1211's earnings (13% per year) are forecast to grow faster than the SA market (7.7% per year).

High Growth Earnings: 1211's earnings are forecast to grow, but not significantly.

Revenue vs Market: 1211's revenue (2.3% per year) is forecast to grow slower than the SA market (4.1% per year).

High Growth Revenue: 1211's revenue (2.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 1211's Return on Equity is forecast to be low in 3 years time (8.7%).


Past Performance

How has Saudi Arabian Mining Company (Ma'aden) performed over the past 5 years?

-26.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1211 has high quality earnings.

Growing Profit Margin: 1211 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 1211's earnings have declined by 26.1% per year over the past 5 years.

Accelerating Growth: 1211 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 1211 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (40.5%).


Return on Equity

High ROE: 1211's Return on Equity (1.7%) is considered low.


Financial Health

How is Saudi Arabian Mining Company (Ma'aden)'s financial position?


Financial Position Analysis

Short Term Liabilities: 1211's short term assets (SAR14.8B) exceed its short term liabilities (SAR9.9B).

Long Term Liabilities: 1211's short term assets (SAR14.8B) do not cover its long term liabilities (SAR48.5B).


Debt to Equity History and Analysis

Debt Level: 1211's debt to equity ratio (125.4%) is considered high.

Reducing Debt: 1211's debt to equity ratio has reduced from 150.6% to 125.4% over the past 5 years.

Debt Coverage: 1211's debt is not well covered by operating cash flow (9.8%).

Interest Coverage: 1211's interest payments on its debt are not well covered by EBIT (1.4x coverage).


Balance Sheet


Dividend

What is Saudi Arabian Mining Company (Ma'aden) current dividend yield, its reliability and sustainability?

0.64%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 1211's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 1211'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 1211's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 1211'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 1211'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?

1.5yrs

Average management tenure


CEO

Abdulaziz Al-Harbi

0.17

Tenure

Mr. Abdulaziz Asker Al-Harbi has been Chief Executive Officer at Saudi Arabian Mining Company (Ma’aden) since May 2021. He had been an Acting Chief Executive Officer at Saudi Arabian Mining Company (Ma’ade...


Leadership Team

Experienced Management: 1211's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

Experienced Board: 1211's board of directors are not considered experienced ( 1 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

Saudi Arabian Mining Company (Ma'aden)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Saudi Arabian Mining Company (Ma'aden)
  • Ticker: 1211
  • Exchange: SASE
  • Founded: 1997
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: ر.س71.743b
  • Shares outstanding: 1.23b
  • Website: https://www.maaden.com.sa

Location

  • Saudi Arabian Mining Company (Ma'aden)
  • Building number 395
  • Abi Bakr Asseddiq Road
  • Riyadh
  • 11537
  • Saudi Arabia

Listings


Biography

Saudi Arabian Mining Company (Ma'aden), together with its subsidiaries, operates as a multi-commodity mining company in the Kingdom of Saudi Arabia and internationally. It operates through Phosphate, Alumi...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/15 10:49
End of Day Share Price2021/06/14 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.