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Sultan Center Food Products Company - K.S.C. (Public)

KWSE:SULTAN
Snowflake Description

Fair value with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SULTAN
KWSE
KWD26M
Market Cap
  1. Home
  2. KW
  3. Consumer Retailing
Company description

Sultan Center Food Products Company - K.S.C. The last earnings update was 10 days ago. More info.


Add to Portfolio Compare Print
SULTAN Share Price and Events
7 Day Returns
-1.9%
KWSE:SULTAN
-1.9%
Asia Consumer Retailing
-4%
KW Market
1 Year Returns
-10.2%
KWSE:SULTAN
-2.5%
Asia Consumer Retailing
-18.7%
KW Market
SULTAN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sultan Center Food Products Company - K.S.C. (Public) (SULTAN) -1.9% -11.7% -10.9% -10.2% -31.5% -49%
Asia Consumer Retailing -1.9% -1% -4.6% -2.5% 2.1% -1.9%
KW Market -4% -19.2% -24.9% -18.7% -7.2% -7.8%
1 Year Return vs Industry and Market
  • SULTAN underperformed the Consumer Retailing industry which returned -2.5% over the past year.
  • SULTAN outperformed the Market in Kuwait which returned -18.7% over the past year.
Price Volatility
SULTAN
Industry
5yr Volatility vs Market

Value

 Is Sultan Center Food Products 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 Sultan Center Food Products 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 Sultan Center Food Products Company - K.S.C. (Public).

KWSE:SULTAN 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 20.7%
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:SULTAN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year KW Govt Bond Rate 8.6%
Equity Risk Premium S&P Global 6.1%
Consumer Retailing Unlevered Beta Simply Wall St/ S&P Global 0.48
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.483 (1 + (1- 15%) (638.63%))
2.412
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 8.6% + (2 * 6.07%)
20.74%

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

The calculations below outline how an intrinsic value for Sultan Center Food Products 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:SULTAN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (KWD, Millions) Source Present Value
Discounted (@ 20.74%)
2020 7.00 Est @ -12.32% 5.80
2021 6.58 Est @ -6.05% 4.51
2022 6.47 Est @ -1.65% 3.68
2023 6.56 Est @ 1.42% 3.09
2024 6.80 Est @ 3.58% 2.65
2025 7.14 Est @ 5.08% 2.31
2026 7.58 Est @ 6.14% 2.03
2027 8.10 Est @ 6.88% 1.79
2028 8.70 Est @ 7.39% 1.60
2029 9.38 Est @ 7.76% 1.42
Present value of next 10 years cash flows KWD28.00
KWSE:SULTAN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= KWD9.38 × (1 + 8.6%) ÷ (20.74% – 8.6%)
KWD83.88
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= KWD83.88 ÷ (1 + 20.74%)10
KWD12.74
KWSE:SULTAN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= KWD28.00 + KWD12.74
KWD40.74
Equity Value per Share
(KWD)
= Total value / Shares Outstanding
= KWD40.74 / 564.56
KWD0.07
KWSE:SULTAN Discount to Share Price
Calculation Result
Value per share (KWD) From above. KWD0.07
Current discount Discount to share price of KWD0.05
= -1 x (KWD0.05 - KWD0.07) / KWD0.07
36.4%

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

Current Discount
Amount off the current price Sultan Center Food Products Company - K.S.C. (Public) is available for.
Intrinsic value
36%
Share price is KWD0.0459 vs Future cash flow value of KWD0.07216
Current Discount Checks
For Sultan Center Food Products 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.
  • Sultan Center Food Products Company - K.S.C. (Public)'s share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Sultan Center Food Products Company - K.S.C. (Public)'s share price is below the future cash flow value, but not 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 Sultan Center Food Products 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 Sultan Center Food Products 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:SULTAN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in KWD KWD0.00
KWSE:SULTAN Share Price ** KWSE (2020-04-02) in KWD KWD0.05
Asia Consumer Retailing Industry PE Ratio Median Figure of 202 Publicly-Listed Consumer Retailing Companies 17.13x
Kuwait Market PE Ratio Median Figure of 113 Publicly-Listed Companies 11.26x

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

** Primary Listing of Sultan Center Food Products Company - K.S.C. (Public).

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

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

= 0.05 ÷ 0.00

11.55x

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

  • Sultan Center Food Products Company - K.S.C. (Public) is good value based on earnings compared to the Asia Consumer Retailing industry average.
  • Sultan Center Food Products Company - K.S.C. (Public) is overvalued based on earnings compared to the Kuwait market.
Price based on expected Growth
Does Sultan Center Food Products Company - K.S.C. (Public)'s expected growth come at a high price?
Raw Data
KWSE:SULTAN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.55x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Consumer Retailing Industry PEG Ratio Median Figure of 74 Publicly-Listed Consumer Retailing Companies 2.03x
Kuwait Market PEG Ratio Median Figure of 16 Publicly-Listed Companies 1.38x

*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 Sultan Center Food Products 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 Sultan Center Food Products Company - K.S.C. (Public)'s assets?
Raw Data
KWSE:SULTAN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in KWD KWD0.08
KWSE:SULTAN Share Price * KWSE (2020-04-02) in KWD KWD0.05
Asia Consumer Retailing Industry PB Ratio Median Figure of 261 Publicly-Listed Consumer Retailing Companies 1.12x
Kuwait Market PB Ratio Median Figure of 156 Publicly-Listed Companies 0.51x
KWSE:SULTAN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.05 ÷ 0.08

0.57x

* Primary Listing of Sultan Center Food Products Company - K.S.C. (Public).

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

  • Sultan Center Food Products Company - K.S.C. (Public) is good value based on assets compared to the Asia Consumer Retailing industry average.
X
Value checks
We assess Sultan Center Food Products 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 Consumer Retailing 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 Consumer Retailing industry average (and greater than 0)? (1 check)
  5. Sultan Center Food Products 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 Sultan Center Food Products 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 Sultan Center Food Products 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
12.4%
Expected Consumer Retailing industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sultan Center Food Products Company - K.S.C. (Public) expected to grow at an attractive rate?
  • Unable to compare Sultan Center Food Products 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 Sultan Center Food Products Company - K.S.C. (Public)'s earnings growth to the Kuwait market average as no estimate data is available.
  • Unable to compare Sultan Center Food Products 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:SULTAN Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Consumer Retailing Industry Earnings Growth Rate Market Cap Weighted Average 12.4%
Asia Consumer Retailing Industry Revenue Growth Rate Market Cap Weighted Average 7.7%
Kuwait Market Earnings Growth Rate Market Cap Weighted Average 8.9%
Kuwait Market Revenue Growth Rate Market Cap Weighted Average 10.2%

*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:SULTAN 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:SULTAN Past Financials Data
Date (Data in KWD Millions) Revenue Cash Flow Net Income *
2019-12-31 221 11 2
2019-09-30 222 12 -1
2019-06-30 224 17 -2
2019-03-31 226 16 2
2018-12-31 226 13 3
2018-09-30 225 3 3
2018-06-30 224 -10 4
2018-03-31 223 -10 3
2017-12-31 223 -10 2
2017-09-30 218 -1 -14
2017-06-30 227 7 -16
2017-03-31 233 6 -15

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Sultan Center Food Products Company - K.S.C. (Public) is high growth as no earnings estimate data is available.
  • Unable to determine if Sultan Center Food Products 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:SULTAN 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 Sultan Center Food Products Company - K.S.C. (Public) Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

KWSE:SULTAN Past Financials Data
Date (Data in KWD Millions) EPS *
2019-12-31 0.00
2019-09-30 0.00
2019-06-30 0.00
2019-03-31 0.00
2018-12-31 0.00
2018-09-30 0.00
2018-06-30 0.01
2018-03-31 0.00
2017-12-31 0.00
2017-09-30 -0.03
2017-06-30 -0.03
2017-03-31 -0.03

*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 Sultan Center Food Products Company - K.S.C. (Public) will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Sultan Center Food Products Company - K.S.C. (Public) is trading at Sultan Center Food Products 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. Sultan Center Food Products 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 Consumer Retailing 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 Sultan Center Food Products 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.
Sultan Center Food Products 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 Sultan Center Food Products 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 Sultan Center Food Products Company - K.S.C. (Public)'s growth in the last year to its industry (Consumer Retailing).
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.
  • Sultan Center Food Products Company - K.S.C. (Public)'s year on year earnings growth rate has been positive over the past 5 years.
  • Sultan Center Food Products Company - K.S.C. (Public)'s 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Sultan Center Food Products Company - K.S.C. (Public)'s 1-year earnings growth is negative, it can't be compared to the Asia Consumer Retailing industry average.
Earnings and Revenue History
Sultan Center Food Products 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 Sultan Center Food Products Company - K.S.C. (Public) Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

KWSE:SULTAN Past Revenue, Cash Flow and Net Income Data
Date (Data in KWD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 220.78 2.24 33.86
2019-09-30 221.70 -1.29 33.01
2019-06-30 223.83 -1.74 34.35
2019-03-31 226.44 2.30 35.33
2018-12-31 225.89 2.50 37.95
2018-09-30 224.78 2.53 39.09
2018-06-30 223.62 4.40 39.42
2018-03-31 222.59 2.53 39.22
2017-12-31 223.12 2.36 39.71
2017-09-30 217.59 -14.14 39.28
2017-06-30 226.69 -15.60 40.82
2017-03-31 232.95 -15.02 42.15
2016-12-31 248.59 -15.28 45.08
2016-09-30 270.52 3.59 47.91
2016-06-30 277.32 2.74 50.32
2016-03-31 285.39 1.03 53.03
2015-12-31 284.40 1.00 53.22
2015-09-30 280.93 -0.22 56.30
2015-06-30 279.15 0.56 57.89
2015-03-31 271.89 0.29 56.78
2014-12-31 267.06 0.93 55.52
2014-09-30 264.41 3.84 49.15
2014-06-30 264.03 3.07 46.95
2014-03-31 260.30 3.08 45.98
2013-12-31 256.86 2.16 45.78
2013-09-30 252.69 -0.66 45.98
2013-06-30 254.00 -0.47 45.55

*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.
  • Sultan Center Food Products Company - K.S.C. (Public) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Sultan Center Food Products Company - K.S.C. (Public) used its assets more efficiently than the Asia Consumer Retailing industry average last year based on Return on Assets.
  • Sultan Center Food Products Company - K.S.C. (Public) has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Sultan Center Food Products 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 Consumer Retailing 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.
Sultan Center Food Products Company - K.S.C. (Public) has a total score of 3/6, 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 Sultan Center Food Products 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 Sultan Center Food Products Company - K.S.C. (Public)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sultan Center Food Products Company - K.S.C. (Public)'s short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Sultan Center Food Products Company - K.S.C. (Public)'s long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Sultan Center Food Products 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.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.4x 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 Sultan Center Food Products Company - K.S.C. (Public) Company Filings, last reported 3 months ago.

KWSE:SULTAN Past Debt and Equity Data
Date (Data in KWD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 45.37 129.68 13.59
2019-09-30 41.38 129.32 5.46
2019-06-30 43.79 138.23 6.46
2019-03-31 43.69 138.46 6.09
2018-12-31 43.25 138.55 6.50
2018-09-30 5.94 138.96 6.05
2018-06-30 6.07 139.90 5.49
2018-03-31 6.61 143.52 5.50
2017-12-31 5.40 142.89 4.15
2017-09-30 12.44 139.49 5.51
2017-06-30 11.49 131.85 8.38
2017-03-31 9.94 131.61 5.98
2016-12-31 6.06 128.39 4.33
2016-09-30 41.58 129.06 4.83
2016-06-30 40.65 130.07 8.69
2016-03-31 40.01 129.40 6.26
2015-12-31 41.28 130.34 4.53
2015-09-30 41.30 131.28 3.66
2015-06-30 41.81 133.61 6.85
2015-03-31 41.77 135.16 6.58
2014-12-31 40.86 136.74 7.08
2014-09-30 42.06 131.41 4.98
2014-06-30 40.51 123.54 8.84
2014-03-31 40.37 132.80 6.05
2013-12-31 39.49 131.61 6.90
2013-09-30 36.33 133.55 5.97
2013-06-30 36.71 133.70 5.64
  • Sultan Center Food Products Company - K.S.C. (Public)'s level of debt (285.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (334.5% vs 285.8% today).
  • Debt is not well covered by operating cash flow (8.2%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 0.8x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Sultan Center Food Products 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. Sultan Center Food Products Company - K.S.C. (Public) has a total score of 1/6, 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 Sultan Center Food Products 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 Sultan Center Food Products Company - K.S.C. (Public) dividends.
If you bought KWD2,000 of Sultan Center Food Products 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 Sultan Center Food Products 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 Sultan Center Food Products 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:SULTAN 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 Consumer Retailing Industry Average Dividend Yield Market Cap Weighted Average of 169 Stocks 1.9%
Kuwait Market Average Dividend Yield Market Cap Weighted Average of 74 Stocks 5%
Kuwait Minimum Threshold Dividend Yield 10th Percentile 3.3%
Kuwait Bottom 25% Dividend Yield 25th Percentile 5.6%
Kuwait Top 25% Dividend Yield 75th Percentile 9.5%

Industry and Market average data is calculated daily.

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

KWSE:SULTAN Past Annualized Dividends Data
Date (Data in KWD) Dividend per share (annual) Avg. Yield (%)
2009-11-01 0.000 0.000
2009-10-15 0.000 0.000
2009-07-30 0.000 0.000
2009-07-15 0.000 0.000
2009-04-15 0.000 0.000

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

  • Unable to perform a dividend volatility check as Sultan Center Food Products Company - K.S.C. (Public) has not reported any payouts.
  • Unable to verify if Sultan Center Food Products 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 Sultan Center Food Products Company - K.S.C. (Public)'s earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Sultan Center Food Products 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 Sultan Center Food Products Company - K.S.C. (Public)'s dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 3.3%) - 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 Sultan Center Food Products 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. Sultan Center Food Products 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 Sultan Center Food Products 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
Khadija Oubala
TENURE AS CEO 1.1 years
CEO Bio

Mrs. Khadija Oubala is a Chief Executive Officer of Sultan Center Food Products Company - K.S.C. (Public) since March 2019. She served as a Vice President of Investments at National Real Estate Company K.P.S.C., until October 27, 2016. Mrs. Oubala serves as a Director of Investments and Strategy at NREC, where she is responsible for managing NREC’s investments portfolio and developing and implementing strategic growth initiatives. At NREC, she is responsible for leading business development efforts, deal execution and portfolio management. Mrs. Oubala joined NREC in 2012 with 13 years of experience in identifying private equity investment opportunities across various markets. She served as a Principal in the real estate team of Arcapita Bank, where she was responsible for managing and monitoring a portfolio of real estate projects, maintaining joint venture relationships and reviewing investment strategies. She headed the real estate activity at Asiya Investments, successfully building a portfolio of strategic investments in emerging Asia. Mrs. Oubala also held various positions in AIGhanim Industries, AXA Group and the World Bank Group. She served as a Non-Executive Director at Mediterranean Investments Holding PLC since January 01, 2013 until December 31, 2016. Mrs. Oubala holds an MSc in real estate development from Massachusetts Institute of Technology and an MBA from New York University.

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

Khadija Oubala

TITLE
Chief Executive Officer
TENURE
1.1 yrs
Board of Directors

Tareq Eissa

TITLE
Chairman

Essam Al Rifai

TITLE
Vice Chairman
TENURE
3.3 yrs

Ibrahim Saad

TITLE
Board Member
TENURE
4.3 yrs

Fawzi Al Essa

TITLE
Board Member

Ahmed Alarabi

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 Sultan Center Food Products 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. Sultan Center Food Products 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

Sultan Center Food Products Company - K.S.C. (Public) operates as an independent supermarket retailer. The company operates through Retail, Investments, Contracting, and Real Estate segments. It operates 65 stores comprising service stores, wholesale/warehouse stores, and convenience stores in Kuwait, Oman, Jordan, Lebanon, and Bahrain. The company also operates hypermarkets. The company’s stores offer fruits and vegetables, meats and seafoods, diaries, and snacks and beverages, as well as cheese and deli, bakery, frozen, grocery, baby, and health and beauty products; and cleaning and homecare, pet, and tobacco products. In addition, it engages in investment, construction, contracting, and general trading activities; and management, development, and trading of real estate properties. The company was founded in 1976 and is headquartered in Kuwait City, Kuwait.

Details
Name: Sultan Center Food Products Company - K.S.C. (Public)
SULTAN
Exchange: KWSE
Founded: 1976
KWD25,913,131
564,556,237
Website: http://www.sultan-center.com
Address: Sultan Center Food Products Company - K.S.C. (Public)
Building 44,
Sons Sultan Bin Essa,
Kuwait City,
13126,
Kuwait
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
KWSE SULTAN Ordinary Shares Kuwait Stock Exchange KW KWD 14. May 1997
Number of employees
Current staff
Staff numbers
0
Sultan Center Food Products Company - K.S.C. (Public) employees.
Industry
Food Retail
Consumer Retailing
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 16:34
End of day share price update: 2020/04/02 00:00
Last earnings filing: 2020/03/25
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.