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Oman Refreshment Company SAOG

MSM:ORCI
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ORCI
MSM
OMR55M
Market Cap
  1. Home
  2. OM
  3. Food, Beverage & Tobacco
Company description

Oman Refreshment Company SAOG engages in the filling and distribution of soft drinks, water, and juices in the Sultanate of Oman. The last earnings update was 50 days ago. More info.


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ORCI Share Price and Events
7 Day Returns
-9.1%
MSM:ORCI
6.8%
Asia Beverage
-4.5%
OM Market
1 Year Returns
-35.3%
MSM:ORCI
2%
Asia Beverage
-15.6%
OM Market
ORCI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Oman Refreshment Company SAOG (ORCI) -9.1% -9.1% -8.3% -35.3% -49.1% -56%
Asia Beverage 6.8% -4.8% -14.9% 2% 57.1% 90.6%
OM Market -4.5% -15.4% -13.1% -15.6% -37.3% -45.2%
1 Year Return vs Industry and Market
  • ORCI underperformed the Beverage industry which returned 2% over the past year.
  • ORCI underperformed the Market in Oman which returned -15.6% over the past year.
Price Volatility
ORCI
Industry
5yr Volatility vs Market

Value

 Is Oman Refreshment Company SAOG 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 Oman Refreshment Company SAOG 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 Oman Refreshment Company SAOG.

MSM:ORCI 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 15.2%
Perpetual Growth Rate 10-Year OM 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 MSM:ORCI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year OM Govt Bond Rate 8.6%
Equity Risk Premium S&P Global 8.2%
Beverage Unlevered Beta Simply Wall St/ S&P Global 0.49
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.492 (1 + (1- 15%) (14.52%))
0.7
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 8.6% + (0.8 * 8.23%)
15.18%

Discounted Cash Flow Calculation for MSM:ORCI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Oman Refreshment Company SAOG 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.

MSM:ORCI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (OMR, Millions) Source Present Value
Discounted (@ 15.18%)
2020 5.48 Est @ -11.02% 4.76
2021 5.20 Est @ -5.14% 3.92
2022 5.15 Est @ -1.02% 3.37
2023 5.25 Est @ 1.87% 2.98
2024 5.45 Est @ 3.89% 2.69
2025 5.74 Est @ 5.3% 2.46
2026 6.10 Est @ 6.29% 2.27
2027 6.53 Est @ 6.98% 2.11
2028 7.01 Est @ 7.47% 1.96
2029 7.56 Est @ 7.81% 1.84
Present value of next 10 years cash flows OMR28.00
MSM:ORCI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= OMR7.56 × (1 + 8.6%) ÷ (15.18% – 8.6%)
OMR124.70
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= OMR124.70 ÷ (1 + 15.18%)10
OMR30.34
MSM:ORCI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= OMR28.00 + OMR30.34
OMR58.34
Equity Value per Share
(OMR)
= Total value / Shares Outstanding
= OMR58.34 / 50.00
OMR1.17
MSM:ORCI Discount to Share Price
Calculation Result
Value per share (OMR) From above. OMR1.17
Current discount Discount to share price of OMR1.10
= -1 x (OMR1.10 - OMR1.17) / OMR1.17
5.7%

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

Current Discount
Amount off the current price Oman Refreshment Company SAOG is available for.
Intrinsic value
6%
Share price is OMR1.1 vs Future cash flow value of OMR1.17
Current Discount Checks
For Oman Refreshment Company SAOG to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Oman Refreshment Company SAOG's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Oman Refreshment Company SAOG'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 Oman Refreshment Company SAOG's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Oman Refreshment Company SAOG's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
MSM:ORCI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in OMR OMR0.17
MSM:ORCI Share Price ** MSM (2020-03-31) in OMR OMR1.1
Asia Beverage Industry PE Ratio Median Figure of 104 Publicly-Listed Beverage Companies 19.05x
Oman Market PE Ratio Median Figure of 74 Publicly-Listed Companies 10.44x

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

** Primary Listing of Oman Refreshment Company SAOG.

MSM:ORCI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= MSM:ORCI Share Price ÷ EPS (both in OMR)

= 1.1 ÷ 0.17

6.5x

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

  • Oman Refreshment Company SAOG is good value based on earnings compared to the Asia Beverage industry average.
  • Oman Refreshment Company SAOG is good value based on earnings compared to the Oman market.
Price based on expected Growth
Does Oman Refreshment Company SAOG's expected growth come at a high price?
Raw Data
MSM:ORCI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.5x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Beverage Industry PEG Ratio Median Figure of 47 Publicly-Listed Beverage Companies 1.82x
Oman Market PEG Ratio Median Figure of 5 Publicly-Listed Companies 1.68x

*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 Oman Refreshment Company SAOG, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Oman Refreshment Company SAOG's assets?
Raw Data
MSM:ORCI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in OMR OMR1.26
MSM:ORCI Share Price * MSM (2020-03-31) in OMR OMR1.1
Asia Beverage Industry PB Ratio Median Figure of 133 Publicly-Listed Beverage Companies 1.6x
Oman Market PB Ratio Median Figure of 102 Publicly-Listed Companies 0.77x
MSM:ORCI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= MSM:ORCI Share Price ÷ Book Value per Share (both in OMR)

= 1.1 ÷ 1.26

0.87x

* Primary Listing of Oman Refreshment Company SAOG.

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

  • Oman Refreshment Company SAOG is good value based on assets compared to the Asia Beverage industry average.
X
Value checks
We assess Oman Refreshment Company SAOG'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 Beverage 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 Beverage industry average (and greater than 0)? (1 check)
  5. Oman Refreshment Company SAOG 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 Oman Refreshment Company SAOG 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 Oman Refreshment Company SAOG 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
17.2%
Expected Beverage industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Oman Refreshment Company SAOG expected to grow at an attractive rate?
  • Unable to compare Oman Refreshment Company SAOG's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Oman Refreshment Company SAOG's earnings growth to the Oman market average as no estimate data is available.
  • Unable to compare Oman Refreshment Company SAOG's revenue growth to the Oman market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
MSM:ORCI Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Beverage Industry Earnings Growth Rate Market Cap Weighted Average 17.2%
Asia Beverage Industry Revenue Growth Rate Market Cap Weighted Average 11.2%
Oman Market Earnings Growth Rate Market Cap Weighted Average 6.7%
Oman Market Revenue Growth Rate Market Cap Weighted Average 6.7%

*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
MSM:ORCI 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 OMR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
MSM:ORCI Future Estimates Data
Date (Data in OMR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
MSM:ORCI Past Financials Data
Date (Data in OMR Millions) Revenue Cash Flow Net Income *
2019-12-31 64 11 8
2019-09-30 68 14 9
2019-06-30 74 13 11
2019-03-31 76 13 12
2018-12-31 76 13 12
2018-09-30 76 14 12
2018-06-30 79 15 12
2018-03-31 78 13 11
2017-12-31 78 15 11
2017-09-30 77 13 10
2017-06-30 76 13 10
2017-03-31 77 13 10

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Oman Refreshment Company SAOG is high growth as no earnings estimate data is available.
  • Unable to determine if Oman Refreshment Company SAOG 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
MSM:ORCI 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 Oman Refreshment Company SAOG Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MSM:ORCI Future Estimates Data
Date (Data in OMR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
MSM:ORCI Past Financials Data
Date (Data in OMR Millions) EPS *
2019-12-31 0.17
2019-09-30
2019-06-30
2019-03-31
2018-12-31 0.24
2018-09-30
2018-06-30
2018-03-31
2017-12-31 0.22
2017-09-30
2017-06-30
2017-03-31 0.20

*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 Oman Refreshment Company SAOG will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Oman Refreshment Company SAOG is trading at Oman Refreshment Company SAOG'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. Oman Refreshment Company SAOG'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 Food, Beverage & Tobacco 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 Oman Refreshment Company SAOG'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.
Oman Refreshment Company SAOG 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 Oman Refreshment Company SAOG 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 Oman Refreshment Company SAOG's growth in the last year to its industry (Beverage).
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.
  • Oman Refreshment Company SAOG's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Oman Refreshment Company SAOG's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Oman Refreshment Company SAOG's 1-year earnings growth is negative, it can't be compared to the Asia Beverage industry average.
Earnings and Revenue History
Oman Refreshment Company SAOG'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 Oman Refreshment Company SAOG Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MSM:ORCI Past Revenue, Cash Flow and Net Income Data
Date (Data in OMR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 63.77 8.46 16.57
2019-09-30 67.87 9.46 17.00
2019-06-30 74.13 11.31 17.83
2019-03-31 75.63 11.91 18.13
2018-12-31 76.02 11.81 18.06
2018-09-30 76.27 11.54 16.08
2018-06-30 79.10 11.84 17.12
2018-03-31 78.33 11.23 17.76
2017-12-31 77.85 10.82 17.78
2017-09-30 77.18 10.34 18.81
2017-06-30 76.01 9.99 18.27
2017-03-31 76.82 10.04 18.24
2016-12-31 77.22 10.32 18.47
2016-09-30 77.85 10.36 20.71
2016-06-30 77.44 10.14 20.75
2016-03-31 77.37 10.13 20.78
2015-12-31 77.06 9.60 20.77
2015-09-30 75.97 9.45 20.26
2015-06-30 73.43 8.92 19.79
2015-03-31 73.71 9.59 18.97
2014-12-31 72.86 10.06 18.18
2014-09-30 72.07 10.71 16.98
2014-06-30 70.39 10.41 16.33
2014-03-31 69.26 10.34 15.78
2013-12-31 69.01 10.36 15.55
2013-09-30 68.95 10.37 15.12
2013-06-30 68.10 10.09 14.86

*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.
  • Oman Refreshment Company SAOG has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Oman Refreshment Company SAOG used its assets more efficiently than the Asia Beverage industry average last year based on Return on Assets.
  • Oman Refreshment Company SAOG's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Oman Refreshment Company SAOG'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 Beverage 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.
Oman Refreshment Company SAOG has a total score of 2/6, 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 Oman Refreshment Company SAOG'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 Oman Refreshment Company SAOG's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Oman Refreshment Company SAOG is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Oman Refreshment Company SAOG's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Oman Refreshment Company SAOG'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 covered by short term assets, assets are 6.4x 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 Oman Refreshment Company SAOG Company Filings, last reported 3 months ago.

MSM:ORCI Past Debt and Equity Data
Date (Data in OMR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 63.05 7.96 32.35
2019-09-30 60.80 8.20 32.60
2019-06-30 58.88 17.23 29.52
2019-03-31 56.60 12.30 7.51
2018-12-31 58.35 6.02 7.63
2018-09-30 55.08 7.91 13.21
2018-06-30 51.32 7.06 12.92
2018-03-31 48.38 9.93 11.45
2017-12-31 50.29 5.13 24.22
2017-09-30 47.30 7.48 22.16
2017-06-30 43.24 10.08 17.09
2017-03-31 40.90 12.57 25.93
2016-12-31 44.47 8.96 7.82
2016-09-30 41.96 10.16 6.80
2016-06-30 38.25 14.85 11.27
2016-03-31 35.86 15.60 11.58
2015-12-31 39.15 9.25 17.28
2015-09-30 36.60 16.65 18.62
2015-06-30 33.11 17.70 13.91
2015-03-31 30.73 17.13 17.06
2014-12-31 34.55 10.80 13.36
2014-09-30 32.15 10.22 14.52
2014-06-30 29.18 12.05 13.19
2014-03-31 26.14 6.47 13.36
2013-12-31 29.49 3.42 14.12
2013-09-30 26.44 4.37 10.46
2013-06-30 23.77 5.76 10.20
  • Oman Refreshment Company SAOG's level of debt (12.6%) 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 (31.5% vs 12.6% today).
  • Debt is well covered by operating cash flow (138%, greater than 20% of total debt).
  • Oman Refreshment Company SAOG earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Oman Refreshment Company SAOG'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. Oman Refreshment Company SAOG 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 Oman Refreshment Company SAOG'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
4.55%
Current annual income from Oman Refreshment Company SAOG dividends.
If you bought OMR2,000 of Oman Refreshment Company SAOG shares you are expected to receive OMR91 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?
  • Oman Refreshment Company SAOG's pays a lower dividend yield than the bottom 25% of dividend payers in Oman (5%).
  • Oman Refreshment Company SAOG's dividend is below the markets top 25% of dividend payers in Oman (9.46%).
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
MSM:ORCI 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 Beverage Industry Average Dividend Yield Market Cap Weighted Average of 89 Stocks 1.7%
Oman Market Average Dividend Yield Market Cap Weighted Average of 65 Stocks 8.3%
Oman Minimum Threshold Dividend Yield 10th Percentile 3.3%
Oman Bottom 25% Dividend Yield 25th Percentile 5%
Oman 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.

MSM:ORCI Future Dividends Estimate Data
Date (Data in OMR) Dividend per Share (annual) Avg. No. Analysts
MSM:ORCI Past Annualized Dividends Data
Date (Data in OMR) Dividend per share (annual) Avg. Yield (%)
2020-02-10 0.050 4.144
2019-02-18 0.075 5.315
2018-03-25 0.075 4.285
2017-02-06 0.100 5.005
2016-02-04 0.100 4.578
2015-03-23 0.100 4.115
2014-02-09 0.100 4.047
2013-03-05 0.100 4.259
2012-03-05 0.070 3.633
2011-03-01 0.060 4.816
2010-02-25 0.042 8.240

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Oman Refreshment Company SAOG's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.4x coverage).
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 Oman Refreshment Company SAOG'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 Oman Refreshment Company SAOG afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Oman Refreshment Company SAOG has a total score of 2/6, 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 Oman Refreshment Company SAOG'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
Youssef Ezzikhe
TENURE AS CEO 9.4 years
CEO Bio

Mr. Youssef Ezikhe has been the Chief Executive Officer of Oman Refreshment Company SAOG since September 2010. Mr. Youssef had been General Manager of Oman Refreshment Company SAOG since September 2010 and served as its Secretary to the Board March 2012. He has experience of servicing various senior managerial positions with FMCG / Beverage Industries. He served as a General Manager at Saudi PEPSICO Bottler's Company. He is a business professional with senior experience in leading FMCG, Beverage and industrial sectors in North Africa and GCC markets. Mr. Ezzikhe holds an Executive MBA and also a BA in marketing.

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

Average tenure of the Oman Refreshment Company SAOG management team in years:

6.4
Average Tenure
  • The average tenure for the Oman Refreshment Company SAOG management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Youssef Ezzikhe

TITLE
Chief Executive Officer
TENURE
9.4 yrs

Hamoud Ahmed Al Hinai

TITLE
Vice Chairman

Santosh Kumar

TITLE
Chief Financial Officer

Rosel Ocampo

TITLE
Head of Operations

Nasser Bin Mohamed Al Kindi

TITLE
Human Resources & Administrative Manager

Rateb Arafa

TITLE
Head of Sales & Marketing
TENURE
6.4 yrs

Sulaiman Al Salmi

TITLE
Secretary to the Board & Legal Affairs Manager
TENURE
3.2 yrs
Board of Directors Tenure

Average tenure of the Oman Refreshment Company SAOG board of directors in years:

13.2
Average Tenure
  • The average tenure for the Oman Refreshment Company SAOG board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Buti Obaid Al Mulla

TITLE
Non Executive Chairman
TENURE
13.2 yrs

Hamoud Ahmed Al Hinai

TITLE
Vice Chairman
TENURE
2.2 yrs

Mohamed Abdel Aziz Ali Al Owais

TITLE
Non Executive Independent Director
TENURE
10 yrs

Ali Bin Humaid Ali Abdalla Al Owais

TITLE
Non Executive Independent Director
TENURE
13.2 yrs

Mohamed Bin Abdullah Moosa Al Raisi

TITLE
Non-Independent Non-Executive Director
TENURE
19.2 yrs
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 (OMR) Value (OMR)
X
Management checks
We assess Oman Refreshment Company SAOG'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. Oman Refreshment Company SAOG 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

Oman Refreshment Company SAOG engages in the filling and distribution of soft drinks, water, and juices in the Sultanate of Oman. The company holds the franchise rights to fill and distribute PepsiCo range of beverages. Its beverages include Pepsi, Mountain Dew, Mirinda, 7 Up, Shani, Evervess Soda, Aquafina Water, Bario, Sting, and Tropicana Fruitz. The company also trades in various consumer packaged goods, such as Frito Lays range of snacks that include Lays potato chips, Doritos, Cheetos, and Sunbites; Quaker range of food products comprising oat cookies, pasta, soups, and base oats; Euro cake sweet snacks; Froneri range of ice cream products consisting of Nestle, Cadbury, Oreo, Daim, Del Monte, and Toblerone; Lipton Ice Tea; Rabea Tea; and Lavazza coffee. In addition, it sells vending machines; and produces and distributes juices under its Top Fruit brand name. Oman Refreshment Company SAOG was founded in 1974 and is headquartered in Muscat, the Sultanate of Oman.

Details
Name: Oman Refreshment Company SAOG
ORCI
Exchange: MSM
Founded: 1974
OMR55,000,000
50,000,000
Website: http://www.pepsioman.com
Address: Oman Refreshment Company SAOG
CPO Airport,
PO Box 30,
Muscat,
111,
Oman
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
MSM ORCI Ordinary Shares Muscat Securities Market OM OMR 09. Apr 1996
Number of employees
Current staff
Staff numbers
932
Oman Refreshment Company SAOG employees.
Industry
Soft Drinks
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 20:22
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/01/15
Last earnings filing: 2020/02/10
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.