Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to د.إ31.04, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 13x in the Consumer Retailing industry in United Arab Emirates. Total returns to shareholders of 129% over the past three years. Reported Earnings • May 15
First quarter 2026 earnings released: EPS: د.إ0.44 (vs د.إ0.34 in 1Q 2025) First quarter 2026 results: EPS: د.إ0.44 (up from د.إ0.34 in 1Q 2025). Revenue: د.إ239.4m (up 34% from 1Q 2025). Net income: د.إ39.9m (up 32% from 1Q 2025). Profit margin: 17% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Tillkännagivande • May 09
Dubai Refreshment (P.J.S.C.) to Report Q1, 2026 Results on May 12, 2026 Dubai Refreshment (P.J.S.C.) announced that they will report Q1, 2026 results on May 12, 2026 Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to د.إ24.80, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 13x in the Consumer Retailing industry in United Arab Emirates. Total returns to shareholders of 71% over the past three years. Board Change • Apr 29
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director Hind Al Ali was the last director to join the board, commencing their role in 2026. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Mar 17
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 45% to د.إ24.00. The fair value is estimated to be د.إ19.68, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has declined by 16%. Tillkännagivande • Mar 04
Dubai Refreshment (P.J.S.C.), Annual General Meeting, Apr 02, 2026 Dubai Refreshment (P.J.S.C.), Annual General Meeting, Apr 02, 2026, at 14:00 Arabian Standard Time. Buy Or Sell Opportunity • Feb 13
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 19% to د.إ24.70. The fair value is estimated to be د.إ19.46, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has declined by 16%. Reported Earnings • Feb 12
Full year 2025 earnings released: EPS: د.إ1.70 (vs د.إ1.44 in FY 2024) Full year 2025 results: EPS: د.إ1.70 (up from د.إ1.44 in FY 2024). Revenue: د.إ877.2m (up 7.2% from FY 2024). Net income: د.إ152.7m (up 18% from FY 2024). Profit margin: 17% (up from 16% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Tillkännagivande • Feb 12
Dubai Refreshment (P.J.S.C.) announces Annual dividend Dubai Refreshment (P.J.S.C.) announced Annual dividend of AED 1.1000 per share, ex-date on April 10, 2026 and record date on April 13, 2026. Board Change • Jan 13
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director Mohammed Al Shehhi was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to د.إ18.30, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 16x in the Consumer Retailing industry in United Arab Emirates. Total loss to shareholders of 15% over the past year. Board Change • Nov 13
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director Farida Rafi was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 01
Third quarter 2025 earnings released: EPS: د.إ0.53 (vs د.إ0.40 in 3Q 2024) Third quarter 2025 results: EPS: د.إ0.53 (up from د.إ0.40 in 3Q 2024). Revenue: د.إ238.7m (up 8.4% from 3Q 2024). Net income: د.إ47.5m (up 34% from 3Q 2024). Profit margin: 20% (up from 16% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Board Change • Oct 13
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director Farida Rafi was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 30
Second quarter 2025 earnings released: EPS: د.إ0.53 (vs د.إ0.45 in 2Q 2024) Second quarter 2025 results: EPS: د.إ0.53 (up from د.إ0.45 in 2Q 2024). Revenue: د.إ238.4m (up 10% from 2Q 2024). Net income: د.إ47.9m (up 20% from 2Q 2024). Profit margin: 20% (up from 19% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 6% per year. Tillkännagivande • Jul 25
Dubai Refreshment (P.J.S.C.) to Report Q2, 2025 Results on Jul 29, 2025 Dubai Refreshment (P.J.S.C.) announced that they will report Q2, 2025 results on Jul 29, 2025 Board Change • Jun 19
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 8 non-independent directors. Director Farida Rafi was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • May 23
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to د.إ22.95, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 17x in the Consumer Retailing industry in United Arab Emirates. Total returns to shareholders of 68% over the past three years. Reported Earnings • Apr 30
First quarter 2025 earnings released: EPS: د.إ0.34 (vs د.إ0.27 in 1Q 2024) First quarter 2025 results: EPS: د.إ0.34 (up from د.إ0.27 in 1Q 2024). Revenue: د.إ178.2m (up 6.4% from 1Q 2024). Net income: د.إ30.2m (up 22% from 1Q 2024). Profit margin: 17% (up from 15% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 9% per year. Tillkännagivande • Apr 23
Dubai Refreshment (P.J.S.C.) to Report Q1, 2025 Results on Apr 29, 2025 Dubai Refreshment (P.J.S.C.) announced that they will report Q1, 2025 results on Apr 29, 2025 Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to د.إ18.10, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 15x in the Consumer Retailing industry in United Arab Emirates. Total returns to shareholders of 54% over the past three years. Tillkännagivande • Feb 19
Dubai Refreshment (P.J.S.C.), Annual General Meeting, Mar 12, 2025 Dubai Refreshment (P.J.S.C.), Annual General Meeting, Mar 12, 2025, at 12:00 Arabian Standard Time. Reported Earnings • Feb 14
Full year 2024 earnings released: EPS: د.إ1.44 (vs د.إ3.97 in FY 2023) Full year 2024 results: EPS: د.إ1.44 (down from د.إ3.97 in FY 2023). Revenue: د.إ818.0m (up 1.9% from FY 2023). Net income: د.إ129.6m (down 64% from FY 2023). Profit margin: 16% (down from 45% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Feb 04
Dubai Refreshment (P.J.S.C.) to Report Fiscal Year 2024 Results on Feb 11, 2025 Dubai Refreshment (P.J.S.C.) announced that they will report fiscal year 2024 results on Feb 11, 2025 Board Change • Jan 22
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 8 non-independent directors. Director Farida Rafi was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to د.إ19.00, the stock trades at a trailing P/E ratio of 13.4x. Average trailing P/E is 14x in the Consumer Retailing industry in United Arab Emirates. Total returns to shareholders of 56% over the past three years. Board Change • Dec 12
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 8 non-independent directors. Director Farida Rafi was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Third quarter 2024 earnings released: EPS: د.إ0.40 (vs د.إ0.48 in 3Q 2023) Third quarter 2024 results: EPS: د.إ0.40 (down from د.إ0.48 in 3Q 2023). Revenue: د.إ220.2m (flat on 3Q 2023). Net income: د.إ35.6m (down 19% from 3Q 2023). Profit margin: 16% (down from 20% in 3Q 2023). 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 21% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to د.إ24.00, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 16x in the Consumer Retailing industry in Asia. Total returns to shareholders of 97% over the past three years. Buy Or Sell Opportunity • Nov 07
Now 38% overvalued after recent price rise Over the last 90 days, the stock has risen 19% to د.إ22.25. The fair value is estimated to be د.إ16.14, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has grown by 49%. Tillkännagivande • Nov 06
Dubai Refreshment (P.J.S.C.) to Report Q3, 2024 Results on Nov 12, 2024 Dubai Refreshment (P.J.S.C.) announced that they will report Q3, 2024 results on Nov 12, 2024 New Risk • Oct 08
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 133% Cash payout ratio: 214% Dividend yield: 11% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 133% Cash payout ratio: 214% Minor Risk Profit margins are more than 30% lower than last year (17% net profit margin). Buy Or Sell Opportunity • Sep 30
Now 30% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to د.إ21.00. The fair value is estimated to be د.إ16.15, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has grown by 49%. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to د.إ19.00, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 17x in the Consumer Retailing industry in Asia. Total returns to shareholders of 42% over the past three years. Buy Or Sell Opportunity • Aug 30
Now 30% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to د.إ21.00. The fair value is estimated to be د.إ16.15, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has grown by 49%. Buy Or Sell Opportunity • Aug 08
Now 28% overvalued after recent price rise Over the last 90 days, the stock has risen 3.5% to د.إ20.70. The fair value is estimated to be د.إ16.15, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has grown by 49%. Reported Earnings • Aug 05
Second quarter 2024 earnings released: EPS: د.إ0.44 (vs د.إ2.90 in 2Q 2023) Second quarter 2024 results: EPS: د.إ0.44 (down from د.إ2.90 in 2Q 2023). Revenue: د.إ216.6m (up 2.8% from 2Q 2023). Net income: د.إ40.0m (down 85% from 2Q 2023). Profit margin: 19% (down from 124% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Tillkännagivande • Jul 22
Dubai Refreshment (P.J.S.C.) to Report Q2, 2024 Results on Jul 30, 2024 Dubai Refreshment (P.J.S.C.) announced that they will report Q2, 2024 results on Jul 30, 2024 Buy Or Sell Opportunity • May 21
Now 26% undervalued The stock has been flat over the last 90 days, currently trading at د.إ20.70. The fair value is estimated to be د.إ27.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 64%. Reported Earnings • May 14
First quarter 2024 earnings released: EPS: د.إ0.27 (vs د.إ0.29 in 1Q 2023) First quarter 2024 results: EPS: د.إ0.27 (down from د.إ0.29 in 1Q 2023). Revenue: د.إ167.4m (flat on 1Q 2023). Net income: د.إ25.7m (down 2.3% from 1Q 2023). Profit margin: 15% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Board Change • May 09
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 8 non-independent directors. Director Nawwaf Ghobash Ghobash was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • May 09
Dubai Refreshment (P.J.S.C.) to Report Q1, 2024 Results on May 13, 2024 Dubai Refreshment (P.J.S.C.) announced that they will report Q1, 2024 results on May 13, 2024 Board Change • Apr 19
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 8 non-independent directors. Director Nawwaf Ghobash Ghobash was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Mar 01
Dubai Refreshment (P.J.S.C.), Annual General Meeting, Mar 27, 2024 Dubai Refreshment (P.J.S.C.), Annual General Meeting, Mar 27, 2024, at 08:00 Coordinated Universal Time. Location: Company's premises in Dubai Investment Park 2 Dubai United Arab Emirates Agenda: To and approve the Board of Directors' Report on the Company's activity and its financial position for the fiscal year ended on 31/12/2023; to and approve the Auditor's Report for the fiscal year ended on 31/12/2023; to approve the Company's balance sheet and profit and loss account for the fiscal year ended on 31/12/2023; to approve a proposal concerning the remuneration of the members of the Board of Directors; and to discuss other matters. Reported Earnings • Feb 23
Full year 2023 earnings released: EPS: د.إ3.97 (vs د.إ1.17 in FY 2022) Full year 2023 results: EPS: د.إ3.97 (up from د.إ1.17 in FY 2022). Revenue: د.إ803.1m (up 6.8% from FY 2022). Net income: د.إ361.8m (up 242% from FY 2022). Profit margin: 45% (up from 14% in FY 2022). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Board Change • Feb 23
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 8 non-independent directors. Director Nawwaf Ghobash Ghobash was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 08
Third quarter 2023 earnings released: EPS: د.إ0.49 (vs د.إ0.32 in 3Q 2022) Third quarter 2023 results: EPS: د.إ0.49 (up from د.إ0.32 in 3Q 2022). Revenue: د.إ219.7m (up 11% from 3Q 2022). Net income: د.إ43.7m (up 54% from 3Q 2022). Profit margin: 20% (up from 14% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. New Risk • Aug 12
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 28% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. High level of non-cash earnings (28% accrual ratio). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: د.إ2.90 (vs د.إ0.23 in 2Q 2022) Second quarter 2023 results: EPS: د.إ2.90 (up from د.إ0.23 in 2Q 2022). Revenue: د.إ210.8m (up 14% from 2Q 2022). Net income: د.إ260.6m (up د.إ239.9m from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to د.إ16.10, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 18x in the Consumer Retailing industry in Asia. Total returns to shareholders of 71% over the past three years. Reported Earnings • May 12
First quarter 2023 earnings released: EPS: د.إ0.29 (vs د.إ0.38 in 1Q 2022) First quarter 2023 results: EPS: د.إ0.29 (down from د.إ0.38 in 1Q 2022). Revenue: د.إ168.4m (down 5.6% from 1Q 2022). Net income: د.إ26.3m (down 22% from 1Q 2022). Profit margin: 16% (down from 19% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Board Change • Apr 11
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. No independent directors (8 non-independent 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: Lack of independent directors. Insufficient board refreshment. Board Change • Feb 09
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. No independent directors (8 non-independent 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: Lack of independent directors. Insufficient board refreshment. Board Change • Jan 05
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 non-independent 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: Lack of independent directors. Insufficient board refreshment. Board Change • Sep 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 non-independent 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: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: د.إ0.23 (vs د.إ0.30 in 2Q 2021) Second quarter 2022 results: EPS: د.إ0.23 (down from د.إ0.30 in 2Q 2021). Revenue: د.إ185.2m (up 14% from 2Q 2021). Net income: د.إ20.7m (down 23% from 2Q 2021). Profit margin: 11% (down from 17% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Board Change • Aug 15
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 non-independent 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: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Aug 11
Second quarter 2022 earnings released: EPS: د.إ0.23 (vs د.إ0.30 in 2Q 2021) Second quarter 2022 results: EPS: د.إ0.23 (down from د.إ0.30 in 2Q 2021). Revenue: د.إ185.2m (up 14% from 2Q 2021). Net income: د.إ20.7m (down 23% from 2Q 2021). Profit margin: 11% (down from 17% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Board Change • Jul 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 non-independent 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: Lack of independent directors. Insufficient board refreshment. Board Change • Jun 09
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 non-independent 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: Lack of independent directors. Insufficient board refreshment. Reported Earnings • May 17
First quarter 2022 earnings released: EPS: د.إ0.38 (vs د.إ0.20 in 1Q 2021) First quarter 2022 results: EPS: د.إ0.38 (up from د.إ0.20 in 1Q 2021). Revenue: د.إ178.3m (up 34% from 1Q 2021). Net income: د.إ33.8m (up 85% from 1Q 2021). Profit margin: 19% (up from 14% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Board Change • May 17
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 non-independent 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: Lack of independent directors. Insufficient board refreshment. Board Change • Apr 29
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 non-independent 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: Lack of independent directors. Insufficient board refreshment. Board Change • Mar 01
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 non-independent 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: Lack of independent directors. Insufficient board refreshment. Board Change • Jan 11
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 non-independent 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: Lack of independent directors. Insufficient board refreshment. Board Change • Dec 20
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 non-independent 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: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 11
Third quarter 2021 earnings released: EPS د.إ0.34 (vs د.إ0.28 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: د.إ186.5m (up 16% from 3Q 2020). Net income: د.إ30.2m (up 20% from 3Q 2020). Profit margin: 16% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 25% per year. Board Change • Nov 09
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 non-independent 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: Lack of independent directors. Insufficient board refreshment. Board Change • Sep 08
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 non-independent 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: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Aug 10
Second quarter 2021 earnings released: EPS د.إ0.30 (vs د.إ0.035 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: د.إ163.0m (up 36% from 2Q 2020). Net income: د.إ26.8m (up د.إ23.7m from 2Q 2020). Profit margin: 17% (up from 2.6% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 20% per year. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improved over the past week After last week's 27% share price gain to د.إ19.00, the stock trades at a trailing P/E ratio of 32.5x. Average trailing P/E is 18x in the Consumer Retailing industry in Asia. Total returns to shareholders of 89% over the past three years. Reported Earnings • Feb 25
Full year 2020 earnings released: EPS د.إ0.58 (vs د.إ0.70 in FY 2019) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: د.إ564.4m (down 11% from FY 2019). Net income: د.إ52.7m (down 17% from FY 2019). Profit margin: 9.3% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 9% per year. Reported Earnings • Nov 17
Third quarter 2020 earnings released: EPS د.إ0.28 The company reported a mediocre third quarter result with weaker revenues, although earnings were flat and profit margins were improved. Third quarter 2020 results: Revenue: د.إ161.3m (down 15% from 3Q 2019). Net income: د.إ25.2m (flat on 3Q 2019). Profit margin: 16% (up from 13% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 15% per year.