National Industrialization Company operates in the petrochemicals, chemicals, plastics, engineering, and metals sectors worldwide. More Details
No risks detected for 2060 from our risk checks.
Mediocre balance sheet with limited growth.
Share Price & News
How has National Industrialization's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 2060 is not significantly more volatile than the rest of SA stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: 2060's weekly volatility (4%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: 2060 exceeded the SA Chemicals industry which returned 48.9% over the past year.
Return vs Market: 2060 exceeded the SA Market which returned 17.8% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is National Industrialization's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StThe National Industrialization (TADAWUL:2060) Share Price Is Up 87% And Shareholders Are Holding On
2 months ago | Simply Wall StCompanies Like National Industrialization (TADAWUL:2060) Are In A Position To Invest In Growth
Is National Industrialization undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: 2060 (SAR18.94) is trading above our estimate of fair value (SAR1.57)
Significantly Below Fair Value: 2060 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 2060 is unprofitable, so we can't compare its PE Ratio to the SA Chemicals industry average.
PE vs Market: 2060 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 2060's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 2060 is good value based on its PB Ratio (1.7x) compared to the SA Chemicals industry average (2.2x).
How is National Industrialization forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2060's forecast earnings growth (8.1% per year) is below the savings rate (8.8%).
Earnings vs Market: 2060 is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: 2060's is expected to become profitable in the next 3 years.
Revenue vs Market: 2060's revenue (0.2% per year) is forecast to grow slower than the SA market (4.1% per year).
High Growth Revenue: 2060's revenue (0.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 2060's Return on Equity is forecast to be low in 3 years time (8.2%).
How has National Industrialization performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2060 is currently unprofitable.
Growing Profit Margin: 2060 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 2060 is unprofitable, and losses have increased over the past 5 years at a rate of 12.4% per year.
Accelerating Growth: Unable to compare 2060's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 2060 is unprofitable, making it difficult to compare its past year earnings growth to the Chemicals industry (23.6%).
Return on Equity
High ROE: 2060 has a negative Return on Equity (0.36%), as it is currently unprofitable.
How is National Industrialization's financial position?
Financial Position Analysis
Short Term Liabilities: 2060's short term assets (SAR5.4B) exceed its short term liabilities (SAR4.1B).
Long Term Liabilities: 2060's short term assets (SAR5.4B) do not cover its long term liabilities (SAR9.0B).
Debt to Equity History and Analysis
Debt Level: 2060's debt to equity ratio (70.9%) is considered high.
Reducing Debt: 2060's debt to equity ratio has reduced from 183.3% to 70.9% over the past 5 years.
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: 2060 has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if 2060 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is National Industrialization current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 2060's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 2060'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 2060's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 2060's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: 2060 is not paying a notable dividend for the SA market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 2060's dividend in 3 years as they are not forecast to pay a notable one for the SA market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mutlaq Al Morished (63 yo)
Mr. Mutlaq Hamad Al Morished serves as Non-Executive Director at Alinma Tokio Marine Company since 2021. He has been the Chief Executive Officer at The National Industrialization Company since January 12, ...
Experienced Board: 2060's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
National Industrialization Company's company bio, employee growth, exchange listings and data sources
- Name: National Industrialization Company
- Ticker: 2060
- Exchange: SASE
- Founded: 1985
- Industry: Commodity Chemicals
- Sector: Materials
- Market Cap: ر.س12.669b
- Shares outstanding: 668.91m
- Website: https://www.tasnee.com
Number of Employees
- National Industrialization Company
- The Business Gate, Building No. C3
- Eastern Ring Road
- Saudi Arabia
National Industrialization Company operates in the petrochemicals, chemicals, plastics, engineering, and metals sectors worldwide. The company operates in three segments: Chemical, Petrochemical, and Downs...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/06/12 16:12|
|End of Day Share Price||2021/06/10 00:00|
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.