Price Target Changed • Jun 08
Price target decreased by 7.2% to ر.س43.95 Down from ر.س47.35, the current price target is an average from 4 analysts. New target price is 40% above last closing price of ر.س31.46. Stock is down 32% over the past year. The company is forecast to post earnings per share of ر.س1.70 for next year compared to ر.س2.15 last year. Buy Or Sell Opportunity • Jun 03
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at ر.س31.82. The fair value is estimated to be ر.س39.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.5% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 8.2% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Announcement • May 19
Saudi Ground Services Company, Annual General Meeting, Jun 08, 2026 Saudi Ground Services Company, Annual General Meeting, Jun 08, 2026, at 18:30 Arab Standard Time. Location: jeddah Saudi Arabia Major Estimate Revision • Apr 14
Consensus revenue estimates fall by 15% The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from ر.س3.09b to ر.س2.62b. EPS estimate fell from ر.س2.37 to ر.س1.88 per share. Net income forecast to shrink 13% next year vs 5.9% growth forecast for Infrastructure industry in Saudi Arabia . Consensus price target down from ر.س50.80 to ر.س47.30. Share price rose 3.3% to ر.س33.50 over the past week. Reported Earnings • Apr 04
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: ر.س2.15 (up from ر.س1.74 in FY 2024). Revenue: ر.س2.73b (up 1.7% from FY 2024). Net income: ر.س404.7m (up 24% from FY 2024). Profit margin: 15% (up from 12% in FY 2024). The increase in margin was primarily driven by higher revenue. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 3.4%. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Infrastructure industry in Asia. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 12
Third quarter 2025 earnings released: EPS: ر.س0.54 (vs ر.س0.43 in 3Q 2024) Third quarter 2025 results: EPS: ر.س0.54 (up from ر.س0.43 in 3Q 2024). Revenue: ر.س683.4m (up 2.2% from 3Q 2024). Net income: ر.س101.5m (up 24% from 3Q 2024). Profit margin: 15% (up from 12% in 3Q 2024). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Infrastructure industry in Asia. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 12
Second quarter 2025 earnings released: EPS: ر.س0.53 (vs ر.س0.42 in 2Q 2024) Second quarter 2025 results: EPS: ر.س0.53 (up from ر.س0.42 in 2Q 2024). Revenue: ر.س688.9m (flat on 2Q 2024). Net income: ر.س99.4m (up 27% from 2Q 2024). Profit margin: 14% (up from 11% in 2Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Infrastructure industry in Asia. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Jun 28
Now 20% overvalued Over the last 90 days, the stock has fallen 6.3% to ر.س48.35. The fair value is estimated to be ر.س40.14, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 8.4% per annum over the same time period. Announcement • May 22
Saudi Ground Services Company, Annual General Meeting, Jun 18, 2025 Saudi Ground Services Company, Annual General Meeting, Jun 18, 2025, at 19:00 Arab Standard Time. Location: jeddah Saudi Arabia Major Estimate Revision • May 20
Consensus EPS estimates increase by 12% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from ر.س1.90 to ر.س2.14. Revenue forecast steady at ر.س2.87b. Net income forecast to grow 16% next year vs 9.0% growth forecast for Infrastructure industry in Saudi Arabia. Consensus price target broadly unchanged at ر.س56.65. Share price fell 4.0% to ر.س48.40 over the past week. Reported Earnings • May 13
First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2025 results: EPS: ر.س0.52 (up from ر.س0.38 in 1Q 2024). Revenue: ر.س671.5m (up 2.8% from 1Q 2024). Net income: ر.س97.6m (up 37% from 1Q 2024). Profit margin: 14% (up from 11% in 1Q 2024). The increase in margin was primarily driven by higher revenue. Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) exceeded analyst estimates by 16%. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Infrastructure industry in Asia. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Apr 17
Saudi Ground Services Company Announces Cash Dividend for the Second Half of the Fiscal Year 2024, Payment Starting from April 17, 2025 Saudi Ground Services Company announced to its shareholders that the cash dividend for the second half of the fiscal year 2024 will be distributed starting from April 17, 2025, to the shareholders’ bank accounts linked to their investment portfolios. The dividend will be SAR 1.00 per share, representing 10% of the company’s capital, with a total amount of SAR 188,000,000. Eligibility for the dividend will be for the shareholders who own shares at the end of the trading day on March 25, 2025, who are registered in the shareholders’ registry of the company at the Securities Depository Center Company (Edaa) by the end of the second trading day following the eligibility date. Reported Earnings • Mar 14
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: ر.س1.74 (up from ر.س1.13 in FY 2023). Revenue: ر.س2.68b (up 9.1% from FY 2023). Net income: ر.س327.0m (up 55% from FY 2023). Profit margin: 12% (up from 8.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.1%. Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Infrastructure industry in Asia. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 11
Third quarter 2024 earnings: EPS in line with expectations, revenues disappoint Third quarter 2024 results: EPS: ر.س0.43 (up from ر.س0.32 in 3Q 2023). Revenue: ر.س668.7m (up 3.4% from 3Q 2023). Net income: ر.س81.7m (up 36% from 3Q 2023). Profit margin: 12% (up from 9.3% in 3Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Infrastructure industry in Asia. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. New Risk • Sep 18
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 97% Dividend yield: 3.9% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Upcoming Dividend • Sep 08
Upcoming dividend of ر.س1.00 per share Eligible shareholders must have bought the stock before 15 September 2024. Payment date: 30 September 2024. The company last paid an ordinary dividend in March 2019. The average dividend yield among industry peers is 2.9%. Reported Earnings • Aug 06
Second quarter 2024 earnings released: EPS: ر.س0.42 (vs ر.س0.27 in 2Q 2023) Second quarter 2024 results: EPS: ر.س0.42 (up from ر.س0.27 in 2Q 2023). Revenue: ر.س686.5m (up 9.6% from 2Q 2023). Net income: ر.س78.4m (up 57% from 2Q 2023). Profit margin: 11% (up from 8.0% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Infrastructure industry in Asia. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Aug 06
Now 23% overvalued Over the last 90 days, the stock has fallen 13% to ر.س48.15. The fair value is estimated to be ر.س39.23, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Announcement • Jul 25
The Saudi Ground Services Company Announces CEO Changes The Saudi Ground Services Company announced that its Board of Directors has accepted the resignation of the Company's Chief Executive Officer, Mr. Raed bin Hassan Al-Idrissi dated 24 July 2024 corresponded to 18-01-1446 based on his personal and work conditions, based on the recommendation of the Nominations and Remuneration Committee. The Board of Directors, based on the recommendation of the Nominations and Remuneration Committee, has also issued its decision to appoint Mr. Mohammed bin AbdulKarim Mazi as the Chief Executive Officer of the Saudi Ground Services Company, effective from September 01, 2024. Mr. Mohammad Abdulkarim Mazi holds the position of Executive Vice President of Finance and Business Development at the company, effective January 1, 2020. During his tenure, he has held several other positions, including Executive Vice President of Commercial Affairs, Executive Vice President of Operations, and Chairman of the Operational Executive Committee for Hajj and Umrah operations. He holds a bachelor-s degree in accounting from the University of New Orleans and, a master-s degree in business administration from Texas A&M University (United States). He has over 15 years of extensive experience in financial management and business development, having held various leadership positions, including Chief Financial Officer at Al Salem Johnson Controls and Head of Budgeting and Performance Reporting at Saudi Aramco. New Risk • May 28
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 7.9% 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. This is currently the only risk that has been identified for the company. Announcement • May 28
Saudi Ground Services Company Announces Board Changes Saudi Ground Services Company announced that to appoint Mr. Nasser Bin Farooq AIQawas as a non-executive member of the company's board of directors, starting from his appointment date on January 11, 2023, to complete the current board term until its expiration on May 5, 2025, replacing the resigned member Mr. Con Korfiatis (non-executive member), at the EGM held on May 23, 2024. Reported Earnings • May 21
First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2024 results: EPS: ر.س0.38 (up from ر.س0.21 in 1Q 2023). Revenue: ر.س653.2m (up 16% from 1Q 2023). Net income: ر.س71.2m (up 78% from 1Q 2023). Profit margin: 11% (up from 7.1% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 31%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Infrastructure industry in Asia. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • May 15
Consensus EPS estimates increase by 28%, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from ر.س2.83b to ر.س2.75b. EPS estimate rose from ر.س1.28 to ر.س1.63. Net income forecast to grow 45% next year vs 12% growth forecast for Infrastructure industry in Saudi Arabia. Consensus price target up from ر.س40.25 to ر.س50.25. Share price fell 6.1% to ر.س51.90 over the past week. Announcement • Apr 26
Saudi Ground Services Company, Annual General Meeting, May 23, 2024 Saudi Ground Services Company, Annual General Meeting, May 23, 2024, at 15:30 Coordinated Universal Time. Agenda: To consider Reviewing the Board of Directors' Annual Report of the fiscal year ended 31st December 2023, and discuss it; to consider reviewing the Financial Statements for the fiscal year ending 31st December 2023, and discuss it; to consider voting on approving the absolving of the Board of Directors of their responsibility for managing the company of the fiscal year ended 31st December 2023; and to consider other matters. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ر.س57.60, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 16x in the Infrastructure industry in Asia. Total returns to shareholders of 66% over the past three years. Reported Earnings • Mar 30
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: ر.س1.12 (up from ر.س1.30 loss in FY 2022). Revenue: ر.س2.46b (up 24% from FY 2022). Net income: ر.س211.5m (up ر.س456.0m from FY 2022). Profit margin: 8.6% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.7%. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Infrastructure industry in Asia. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Price Target Changed • Mar 26
Price target decreased by 8.8% to ر.س39.53 Down from ر.س43.35, the current price target is an average from 3 analysts. New target price is 23% below last closing price of ر.س51.30. Stock is up 133% over the past year. The company is forecast to post earnings per share of ر.س1.05 next year compared to a net loss per share of ر.س1.30 last year. Price Target Changed • Dec 04
Price target increased by 9.7% to ر.س43.35 Up from ر.س39.50, the current price target is provided by 1 analyst. New target price is 39% above last closing price of ر.س31.25. Stock is up 38% over the past year. The company is forecast to post earnings per share of ر.س1.10 next year compared to a net loss per share of ر.س1.30 last year. Buying Opportunity • Nov 20
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be ر.س37.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings is also forecast to grow by 46% per annum over the same time period. Reported Earnings • Nov 09
Third quarter 2023 earnings released: EPS: ر.س0.32 (vs ر.س0.27 loss in 3Q 2022) Third quarter 2023 results: EPS: ر.س0.32 (up from ر.س0.27 loss in 3Q 2022). Revenue: ر.س646.7m (up 17% from 3Q 2022). Net income: ر.س59.9m (up ر.س110.7m from 3Q 2022). Profit margin: 9.3% (up from net loss in 3Q 2022). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Infrastructure industry in Asia. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 17
Second quarter 2023 earnings released: EPS: ر.س0.27 (vs ر.س0.36 loss in 2Q 2022) Second quarter 2023 results: EPS: ر.س0.27 (up from ر.س0.36 loss in 2Q 2022). Revenue: ر.س626.5m (up 26% from 2Q 2022). Net income: ر.س49.9m (up ر.س116.8m from 2Q 2022). Profit margin: 8.0% (up from net loss in 2Q 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Infrastructure industry in Asia. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jun 20
Price target increased by 11% to ر.س43.80 Up from ر.س39.50, the current price target is provided by 1 analyst. New target price is 31% above last closing price of ر.س33.40. Stock is up 24% over the past year. The company posted a net loss per share of ر.س1.30 last year. Reported Earnings • May 19
First quarter 2023 earnings released: EPS: ر.س0.21 (vs ر.س0.10 loss in 1Q 2022) First quarter 2023 results: EPS: ر.س0.21 (up from ر.س0.10 loss in 1Q 2022). Revenue: ر.س563.9m (up 33% from 1Q 2022). Net income: ر.س40.0m (up ر.س59.1m from 1Q 2022). Profit margin: 7.1% (up from net loss in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Buying Opportunity • Feb 26
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 9.3%. The fair value is estimated to be ر.س26.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Jan 19
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 18%. The fair value is estimated to be ر.س27.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Nov 16
Third quarter 2022 earnings released: ر.س0.27 loss per share (vs ر.س0.23 loss in 3Q 2021) Third quarter 2022 results: ر.س0.27 loss per share (further deteriorated from ر.س0.23 loss in 3Q 2021). Revenue: ر.س555.1m (up 32% from 3Q 2021). Net loss: ر.س50.9m (loss widened 17% from 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Price Target Changed • Nov 16
Price target decreased to ر.س28.60 Down from ر.س39.50, the current price target is provided by 1 analyst. New target price is 23% above last closing price of ر.س23.24. Stock is down 32% over the past year. The company posted a net loss per share of ر.س1.35 last year. Reported Earnings • Nov 10
Third quarter 2022 earnings released: ر.س0.27 loss per share (vs ر.س0.23 loss in 3Q 2021) Third quarter 2022 results: ر.س0.27 loss per share (further deteriorated from ر.س0.23 loss in 3Q 2021). Revenue: ر.س555.1m (up 32% from 3Q 2021). Net loss: ر.س50.9m (loss widened 17% from 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 24
Second quarter 2022 earnings released: ر.س0.36 loss per share (vs ر.س0.50 loss in 2Q 2021) Second quarter 2022 results: ر.س0.36 loss per share (up from ر.س0.50 loss in 2Q 2021). Revenue: ر.س495.7m (up 32% from 2Q 2021). Net loss: ر.س66.9m (loss narrowed 28% from 2Q 2021). Over the next year, revenue is forecast to grow 17%, compared to a 51% growth forecast for the Infrastructure industry in Saudi Arabia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Announcement • May 30
Saudi Ground Services Company, Annual General Meeting, Jun 22, 2022 Saudi Ground Services Company, Annual General Meeting, Jun 22, 2022, at 17:30 Coordinated Universal Time. Reported Earnings • May 27
First quarter 2022 earnings released: ر.س0.10 loss per share (vs ر.س0.089 loss in 1Q 2021) First quarter 2022 results: ر.س0.10 loss per share (down from ر.س0.089 loss in 1Q 2021). Revenue: ر.س424.8m (up 14% from 1Q 2021). Net loss: ر.س19.0m (loss widened 14% from 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. Board Change • May 15
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • May 09
Saudi Ground Services Company Appoints Khalid Al Buainain as New Chairman of the Board and Omar Jefri as Vice Chairman Saudi Ground Services Company has appointed Khalid Al Buainain as the new Chairman of the board for the coming three years. The Saudi listed company also named Omar Jefri as the Vice Chairman, according to a bourse filing on Sunday. The two officials assumed their new roles on 6 May, 2022 and will remain in position until 5 May 2025. Announcement • May 08
Saudi Ground Services Company Appoints Mazen G. Dhaifallah as Secretary of the Board Saudi Ground Services Company announced appointment of Mazen G. Dhaifallah as Secretary of the Board. Announcement • Feb 11
Saudi Ground Services Company, Annual General Meeting, Mar 09, 2022 Saudi Ground Services Company, Annual General Meeting, Mar 09, 2022, at 15:30 Coordinated Universal Time. Location: Saudi Ground Services HQ AL Yasmin Centre, King Abdulaziz Albasaten District Jeddah Saudi Arabia Agenda: To Vote to elect members from the nominations list for Board’s next cycle; and to Vote on the formation of the Audit Committee for the next term. Reported Earnings • Nov 10
Third quarter 2021 earnings released: ر.س0.23 loss per share (vs ر.س0.46 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: ر.س420.7m (up 57% from 3Q 2020). Net loss: ر.س43.5m (loss narrowed 50% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 18
Second quarter 2021 earnings released: ر.س0.50 loss per share (vs ر.س1.05 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: ر.س374.8m (up 226% from 2Q 2020). Net loss: ر.س93.2m (loss narrowed 53% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Reported Earnings • May 18
First quarter 2021 earnings released: ر.س0.089 loss per share (vs ر.س0.27 loss in 1Q 2020) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: ر.س373.0m (down 27% from 1Q 2020). Net loss: ر.س16.7m (loss narrowed 68% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Price Target Changed • May 14
Price target decreased to ر.س35.65 Down from ر.س39.50, the current price target is provided by 1 analyst. New target price is 5.3% below last closing price of ر.س37.65. Stock is up 49% over the past year. Reported Earnings • Mar 10
Full year 2020 earnings released: ر.س2.42 loss per share (vs ر.س2.25 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: ر.س1.25b (down 51% from FY 2019). Net loss: ر.س454.3m (down 207% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 69% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Jan 29
Saudi Ground Services Announces the Appointment of Raed Hassan Al-Idrissi as New Acting CEO The Board of Directors of Saudi Ground Services Company announced approved the Nominations and Remuneration Committee’s recommendation to appoint SGS’s Executive Vice President of Operations, Mr. Raed Hassan Al-Idrissi, as the Acting CEO of Saudi Ground Services, effective as of date 19/06/1442 AH, corresponds to 01/02/2021 AD, for an extendable period of six months. Mr. Raed Hassan Al-Idrissi is the Executive Vice President of Operations of Saudi Ground Services since 27.03.1441 AH corresponds to 24.11.2019 AD. Besides, he holds a Bachelor degree in Marketing and Administration from King Fahd University of Petroleum and Minerals (KFUPM), and an Executive Master of Business Administration (MBA) from KFUPM. In addition to that, he attended many Leadership Series for Managers’ training courses. Moreover, Mr. Al-Idrissi has more than 20 years of experience in significant leading positions at Saudi Aramco, to name a few, his position as the Chief of Ground Services in the Aviation Department at Saudi Aramco, Head of Community Camp, and Head of Contract Division in Drilling & Workover, Contracting & Supply Chain Department at Saudi Aramco. The Board of Directors wishes Captain Fahd Cynndy and Mr. Raed Hassan Al-Idrissi, all the best in their new appointments. Is New 90 Day High Low • Dec 17
New 90-day high: ر.س32.45 The company is up 4.0% from its price of ر.س31.10 on 17 September 2020. The Saudi market is down 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Infrastructure industry, which is up 7.0% over the same period. Reported Earnings • Nov 10
Third quarter 2020 earnings released: ر.س0.46 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: ر.س267.9m (down 61% from 3Q 2019). Net loss: ر.س86.8m (down 172% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Nov 10
Revenue beats expectations Revenue exceeded analyst estimates by 70%. Over the next year, revenue is forecast to grow 4.1%, compared to a 11% growth forecast for the Infrastructure industry in Saudi Arabia. Analyst Estimate Surprise Post Earnings • Nov 04
Revenue beats expectations Revenue exceeded analyst estimates by 70%. Reported Earnings • Nov 02
Third quarter 2020 earnings released: ر.س0.46 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: ر.س267.9m (down 61% from 3Q 2019). Net loss: ر.س86.8m (down 172% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 26
New 90-day low: ر.س28.00 The company is down 4.0% from its price of ر.س29.20 on 28 July 2020. The Saudi market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Infrastructure industry, which is flat over the same period.