Methanol Chemicals (TADAWUL:2001) Full Year 2024 Results
Key Financial Results
- Revenue: ر.س710.5m (down 2.4% from FY 2023).
- Net loss: ر.س272.3m (loss widened by 53% from FY 2023).
- ر.س4.04 loss per share (further deteriorated from ر.س2.64 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Methanol Chemicals Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 175%.
Looking ahead, revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Chemicals industry in Saudi Arabia.
Performance of the Saudi Chemicals industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About SASE:2001
Methanol Chemicals
Manufactures and sells methanol derivatives, formaldehyde derivatives, superplasticizers, and amino resins in the Middle East and North Africa region.
Mediocre balance sheet and slightly overvalued.
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