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Metal and Recycling Company K.S.C. (Public)

KWSE:MRC
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MRC
KWSE
KWD5M
Market Cap
  1. Home
  2. KW
  3. Commercial Services
Company description

Metal and Recycling Company K.S.C. (Public) provides waste management, recycling, and industrial solutions to government, oil and gas, petrochemicals, manufacturing, and commercial clients in Kuwait. The last earnings update was 86 days ago. More info.


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  • Metal and Recycling Company K.S.C. (Public) has significant price volatility in the past 3 months.
MRC Share Price and Events
7 Day Returns
10.9%
KWSE:MRC
-2.1%
Asia Commercial Services
-1.7%
KW Market
1 Year Returns
-18.7%
KWSE:MRC
15%
Asia Commercial Services
20%
KW Market
MRC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Metal and Recycling Company K.S.C. (Public) (MRC) 10.9% 0% -3.8% -18.7% -23.3% -30.4%
Asia Commercial Services -2.1% 1.9% 3.4% 15% -12.3% 2.5%
KW Market -1.7% 0.4% 8.4% 20% 21.2% 17.7%
1 Year Return vs Industry and Market
  • MRC underperformed the Commercial Services industry which returned 15% over the past year.
  • MRC underperformed the Market in Kuwait which returned 20% over the past year.
Price Volatility
MRC
Industry
5yr Volatility vs Market

Value

 Is Metal and Recycling Company K.S.C. (Public) undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Metal and Recycling Company K.S.C. (Public) to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Metal and Recycling Company K.S.C. (Public).

KWSE:MRC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 14.6%
Perpetual Growth Rate 10-Year KW Government Bond Rate 8.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for KWSE:MRC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year KW Govt Bond Rate 8.6%
Equity Risk Premium S&P Global 6.1%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.66
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.66 (1 + (1- 15%) (55.87%))
0.983
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.98
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 8.6% + (0.983 * 6.07%)
14.56%

Discounted Cash Flow Calculation for KWSE:MRC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Metal and Recycling Company K.S.C. (Public) is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

KWSE:MRC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (KWD, Millions) Source Present Value
Discounted (@ 14.56%)
2020 1.68 Est @ 17.59% 1.47
2021 1.93 Est @ 14.89% 1.47
2022 2.18 Est @ 13% 1.45
2023 2.44 Est @ 11.68% 1.42
2024 2.70 Est @ 10.76% 1.37
2025 2.97 Est @ 10.11% 1.32
2026 3.26 Est @ 9.66% 1.26
2027 3.57 Est @ 9.34% 1.20
2028 3.89 Est @ 9.12% 1.14
2029 4.24 Est @ 8.96% 1.09
Present value of next 10 years cash flows KWD13.00
KWSE:MRC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= KWD4.24 × (1 + 8.6%) ÷ (14.56% – 8.6%)
KWD77.19
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= KWD77.19 ÷ (1 + 14.56%)10
KWD19.82
KWSE:MRC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= KWD13.00 + KWD19.82
KWD32.82
Equity Value per Share
(KWD)
= Total value / Shares Outstanding
= KWD32.82 / 90.10
KWD0.36
KWSE:MRC Discount to Share Price
Calculation Result
Value per share (KWD) From above. KWD0.36
Current discount Discount to share price of KWD0.05
= -1 x (KWD0.05 - KWD0.36) / KWD0.36
86.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Metal and Recycling Company K.S.C. (Public) is available for.
Intrinsic value
>50%
Share price is KWD0.05 vs Future cash flow value of KWD0.36424
Current Discount Checks
For Metal and Recycling Company K.S.C. (Public) to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Metal and Recycling Company K.S.C. (Public)'s share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Metal and Recycling Company K.S.C. (Public)'s share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Metal and Recycling Company K.S.C. (Public)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Metal and Recycling Company K.S.C. (Public)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
KWSE:MRC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in KWD KWD-0.01
KWSE:MRC Share Price ** KWSE (2020-01-28) in KWD KWD0.05
Asia Commercial Services Industry PE Ratio Median Figure of 347 Publicly-Listed Commercial Services Companies 17.47x
Kuwait Market PE Ratio Median Figure of 108 Publicly-Listed Companies 14.25x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Metal and Recycling Company K.S.C. (Public).

KWSE:MRC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= KWSE:MRC Share Price ÷ EPS (both in KWD)

= 0.05 ÷ -0.01

-3.96x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Metal and Recycling Company K.S.C. (Public) is loss making, we can't compare its value to the Asia Commercial Services industry average.
  • Metal and Recycling Company K.S.C. (Public) is loss making, we can't compare the value of its earnings to the Kuwait market.
Price based on expected Growth
Does Metal and Recycling Company K.S.C. (Public)'s expected growth come at a high price?
Raw Data
KWSE:MRC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.96x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Commercial Services Industry PEG Ratio Median Figure of 82 Publicly-Listed Commercial Services Companies 1.51x
Kuwait Market PEG Ratio Median Figure of 18 Publicly-Listed Companies 1.95x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Metal and Recycling Company K.S.C. (Public), we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Metal and Recycling Company K.S.C. (Public)'s assets?
Raw Data
KWSE:MRC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in KWD KWD0.13
KWSE:MRC Share Price * KWSE (2020-01-28) in KWD KWD0.05
Asia Commercial Services Industry PB Ratio Median Figure of 458 Publicly-Listed Commercial Services Companies 1.2x
Kuwait Market PB Ratio Median Figure of 155 Publicly-Listed Companies 0.61x
KWSE:MRC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= KWSE:MRC Share Price ÷ Book Value per Share (both in KWD)

= 0.05 ÷ 0.13

0.37x

* Primary Listing of Metal and Recycling Company K.S.C. (Public).

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Metal and Recycling Company K.S.C. (Public) is good value based on assets compared to the Asia Commercial Services industry average.
X
Value checks
We assess Metal and Recycling Company K.S.C. (Public)'s value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. Metal and Recycling Company K.S.C. (Public) has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Metal and Recycling Company K.S.C. (Public) expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Metal and Recycling Company K.S.C. (Public) has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
16%
Expected Commercial Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Metal and Recycling Company K.S.C. (Public) expected to grow at an attractive rate?
  • Unable to compare Metal and Recycling Company K.S.C. (Public)'s earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Metal and Recycling Company K.S.C. (Public)'s earnings growth to the Kuwait market average as no estimate data is available.
  • Unable to compare Metal and Recycling Company K.S.C. (Public)'s revenue growth to the Kuwait market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
KWSE:MRC Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 16%
Asia Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 11.6%
Kuwait Market Earnings Growth Rate Market Cap Weighted Average 10.4%
Kuwait Market Revenue Growth Rate Market Cap Weighted Average 8.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
KWSE:MRC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in KWD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
KWSE:MRC Past Financials Data
Date (Data in KWD Millions) Revenue Cash Flow Net Income *
2019-09-30 21 2 -1
2019-06-30 20 1 -2
2019-03-31 20 0 -1
2018-12-31 19 0 -1
2018-09-30 19 0 -1
2018-06-30 20 0 0
2018-03-31 20 1 0
2017-12-31 18 1 0
2017-09-30 17 1 0
2017-06-30 15 2 0
2017-03-31 13 0 0
2016-12-31 12 1 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Metal and Recycling Company K.S.C. (Public) is high growth as no earnings estimate data is available.
  • Unable to determine if Metal and Recycling Company K.S.C. (Public) is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
KWSE:MRC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Metal and Recycling Company K.S.C. (Public) Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

KWSE:MRC Past Financials Data
Date (Data in KWD Millions) EPS *
2019-09-30 -0.01
2019-06-30 -0.02
2019-03-31 -0.02
2018-12-31 -0.01
2018-09-30 -0.01
2018-06-30 0.00
2018-03-31 0.00
2017-12-31 0.00
2017-09-30 0.00
2017-06-30 0.00
2017-03-31 0.00
2016-12-31 0.00

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Metal and Recycling Company K.S.C. (Public) will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Metal and Recycling Company K.S.C. (Public) is trading at Metal and Recycling Company K.S.C. (Public)'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Metal and Recycling Company K.S.C. (Public)'s future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Commercial Services companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Metal and Recycling Company K.S.C. (Public)'s future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Metal and Recycling Company K.S.C. (Public) has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Metal and Recycling Company K.S.C. (Public) performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Metal and Recycling Company K.S.C. (Public)'s growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Metal and Recycling Company K.S.C. (Public) does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Metal and Recycling Company K.S.C. (Public)'s 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Metal and Recycling Company K.S.C. (Public)'s 1-year growth to the Asia Commercial Services industry average as it is not currently profitable.
Earnings and Revenue History
Metal and Recycling Company K.S.C. (Public)'s revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Metal and Recycling Company K.S.C. (Public) Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

KWSE:MRC Past Revenue, Cash Flow and Net Income Data
Date (Data in KWD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 20.70 -1.14 3.98
2019-06-30 20.21 -1.50 3.84
2019-03-31 20.16 -1.45 3.55
2018-12-31 19.04 -1.26 3.53
2018-09-30 18.99 -0.87 4.09
2018-06-30 19.50 -0.36 3.65
2018-03-31 19.57 -0.27 3.55
2017-12-31 18.48 0.06 3.19
2017-09-30 16.60 0.17 2.57
2017-06-30 14.84 0.14 2.59
2017-03-31 13.19 0.45 2.54
2016-12-31 12.13 0.33 2.39
2016-09-30 13.09 -1.84 3.41
2016-06-30 12.03 -2.33 3.33
2016-03-31 10.94 -2.45 3.18
2015-12-31 11.30 -2.63 3.30
2015-09-30 10.90 -0.72 1.80
2015-06-30 12.43 -0.25 1.73
2015-03-31 14.36 0.12 1.63
2014-12-31 15.32 0.44 1.45
2014-09-30 15.76 -0.34 1.52
2014-06-30 15.69 -0.35 1.62
2014-03-31 15.89 -0.67 1.64
2013-12-31 15.99 -0.88 1.68
2013-09-30 16.60 -1.54 2.28
2013-06-30 16.48 -1.62 2.25
2013-03-31 16.82 -1.61 2.34

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Metal and Recycling Company K.S.C. (Public) has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Metal and Recycling Company K.S.C. (Public) has efficiently used its assets last year compared to the Asia Commercial Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Metal and Recycling Company K.S.C. (Public) improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Metal and Recycling Company K.S.C. (Public)'s performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Metal and Recycling Company K.S.C. (Public) has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Metal and Recycling Company K.S.C. (Public)'s financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Metal and Recycling Company K.S.C. (Public)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Metal and Recycling Company K.S.C. (Public) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Metal and Recycling Company K.S.C. (Public)'s cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Metal and Recycling Company K.S.C. (Public)'s finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 12.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Metal and Recycling Company K.S.C. (Public) Company Filings, last reported 3 months ago.

KWSE:MRC Past Debt and Equity Data
Date (Data in KWD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 13.94 0.94 3.50
2019-06-30 13.91 0.32 2.19
2019-03-31 14.20 0.76 2.80
2018-12-31 14.52 0.84 2.25
2018-09-30 14.80 1.09 2.85
2018-06-30 16.00 0.70 3.10
2018-03-31 16.27 0.70 3.29
2017-12-31 16.43 0.70 3.18
2017-09-30 16.87 0.70 3.01
2017-06-30 16.70 0.70 3.91
2017-03-31 16.82 0.70 4.11
2016-12-31 16.64 0.80 2.73
2016-09-30 16.37 1.72 3.12
2016-06-30 16.60 1.76 2.81
2016-03-31 16.40 1.65 4.52
2015-12-31 16.33 2.01 4.13
2015-09-30 18.30 2.19 4.73
2015-06-30 18.71 2.24 4.46
2015-03-31 18.71 2.38 4.84
2014-12-31 18.84 2.07 4.62
2014-09-30 18.87 1.43 5.63
2014-06-30 18.84 1.29 5.58
2014-03-31 18.42 1.12 5.26
2013-12-31 18.22 1.44 5.00
2013-09-30 19.04 1.25 5.06
2013-06-30 18.99 1.84 4.91
2013-03-31 18.98 1.16 5.40
  • Metal and Recycling Company K.S.C. (Public)'s level of debt (6.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (7.7% vs 6.7% today).
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.

  • Whilst loss making Metal and Recycling Company K.S.C. (Public) has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Metal and Recycling Company K.S.C. (Public) has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 23.2% per year.
X
Financial health checks
We assess Metal and Recycling Company K.S.C. (Public)'s financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Metal and Recycling Company K.S.C. (Public) has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Metal and Recycling Company K.S.C. (Public)'s current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Metal and Recycling Company K.S.C. (Public) dividends.
If you bought KWD2,000 of Metal and Recycling Company K.S.C. (Public) shares you are expected to receive KWD0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Metal and Recycling Company K.S.C. (Public)'s dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Metal and Recycling Company K.S.C. (Public)'s dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
KWSE:MRC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Asia Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 272 Stocks 1.8%
Kuwait Market Average Dividend Yield Market Cap Weighted Average of 76 Stocks 3.6%
Kuwait Minimum Threshold Dividend Yield 10th Percentile 3.2%
Kuwait Bottom 25% Dividend Yield 25th Percentile 4%
Kuwait Top 25% Dividend Yield 75th Percentile 7.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Metal and Recycling Company K.S.C. (Public) has not reported any payouts.
  • Unable to verify if Metal and Recycling Company K.S.C. (Public)'s dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Metal and Recycling Company K.S.C. (Public)'s earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Metal and Recycling Company K.S.C. (Public) has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Metal and Recycling Company K.S.C. (Public)'s dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 3.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Metal and Recycling Company K.S.C. (Public) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Metal and Recycling Company K.S.C. (Public) has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Metal and Recycling Company K.S.C. (Public)'s salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Tarek Ibrahim Al-Mousa
CEO Bio

Tarek Ibrahim Mohammad Al-Mousa serves as Vice Chairman and Chief Executive Officer at Metal and Recycling Company K.S.C (Public). Tarek Ibrahim Mohammad Al-Mousa served as the Chairman of the Board of Metal and Recycling Company K.S.C (Public).

CEO Compensation
  • Insufficient data for Tarek Ibrahim to compare compensation growth.
  • Insufficient data for Tarek Ibrahim to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team

Tarek Ibrahim Al-Mousa

TITLE
Vice Chairman & CEO

Amit Bhandari

TITLE
Chief Finance Officer

Fawaz Algharabally

TITLE
Manager of Human Resources & Admin

Shaker Al Essa

TITLE
Director of Business Development

Ahmed Kateeb

TITLE
Manager of Marketing

Rizwan Tambe

TITLE
Manager of Sales

Nabil Hajjaj

TITLE
Director of Business Development
Board of Directors

Musaed Hawli

TITLE
Chairman

Tarek Ibrahim Al-Mousa

TITLE
Vice Chairman & CEO

Khalid Al-Mousa

TITLE
Director

Nader Sakeen

TITLE
Director

Fawzi Almudhaf

TITLE
Director
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (KWD) Value (KWD)
X
Management checks
We assess Metal and Recycling Company K.S.C. (Public)'s management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Metal and Recycling Company K.S.C. (Public) has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Metal and Recycling Company K.S.C. (Public) provides waste management, recycling, and industrial solutions to government, oil and gas, petrochemicals, manufacturing, and commercial clients in Kuwait. It offers facilities and waste management, hazardous waste management, city cleaning and janitorial, and HVAC and facilities management services. The company was founded in 1987 and is based in Safat, Kuwait. Metal and Recycling Company K.S.C. (Public) is a subsidiary of Agility Public Warehousing Company K.S.C.P.

Details
Name: Metal and Recycling Company K.S.C. (Public)
MRC
Exchange: KWSE
Founded: 1987
KWD4,505,038
90,100,775
Website: http://www.mrckw.com
Address: Metal and Recycling Company K.S.C. (Public)
Plot No. 800024, Unit No. 2,
Amghara Industrial Area,
Safat,
13045,
Kuwait
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
KWSE MRC Share Capital Kuwait Stock Exchange KW KWD 29. Jul 1996
Number of employees
Current staff
Staff numbers
0
Metal and Recycling Company K.S.C. (Public) employees.
Industry
Environmental and Facilities Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/01/28 17:06
End of day share price update: 2020/01/28 00:00
Last earnings filing: 2019/11/03
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.