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Saudi Industrial Services

SASE:2190
Snowflake Description

Slightly overvalued with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2190
SASE
SAR1B
Market Cap
  1. Home
  2. SA
  3. Transportation
Company description

Saudi Industrial Services Company, through its subsidiaries, undertakes capital investment in desalination plants, ports and container terminals, industrial estate development, bonded and re-export zones, and other projects in the Kingdom of Saudi Arabia. The last earnings update was 17 days ago. More info.


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  • Saudi Industrial Services has significant price volatility in the past 3 months.
2190 Share Price and Events
7 Day Returns
6.9%
SASE:2190
-2.3%
Asia Infrastructure
6.2%
SA Market
1 Year Returns
32.5%
SASE:2190
-29.2%
Asia Infrastructure
-27.7%
SA Market
2190 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Saudi Industrial Services (2190) 6.9% -8.6% -4.6% 32.5% 41.4% 28.5%
Asia Infrastructure -2.3% -15.4% -24.6% -29.2% -26.4% -33.8%
SA Market 6.2% -5.2% -12.2% -27.7% -7.5% -20.3%
1 Year Return vs Industry and Market
  • 2190 outperformed the Infrastructure industry which returned -29.2% over the past year.
  • 2190 outperformed the Market in Saudi Arabia which returned -27.7% over the past year.
Price Volatility
2190
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Saudi Industrial Services 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 Saudi Industrial Services 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 Saudi Industrial Services.

SASE:2190 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 15%
Perpetual Growth Rate 10-Year SA Government Bond Rate 8.5%

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 SASE:2190
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SA Govt Bond Rate 8.5%
Equity Risk Premium S&P Global 6.3%
Infrastructure Unlevered Beta Simply Wall St/ S&P Global 0.67
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.669 (1 + (1- 20%) (71.13%))
1.034
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 8.48% + (1.034 * 6.33%)
15.02%

Discounted Cash Flow Calculation for SASE:2190 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Saudi Industrial Services 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.

SASE:2190 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SAR, Millions) Source Present Value
Discounted (@ 15.02%)
2020 33.19 Analyst x1 28.86
2021 90.48 Analyst x1 68.39
2022 149.69 Analyst x1 98.37
2023 170.79 Analyst x1 97.57
2024 253.95 Analyst x1 126.14
2025 315.11 Est @ 24.08% 136.07
2026 376.25 Est @ 19.4% 141.26
2027 436.93 Est @ 16.13% 142.61
2028 497.36 Est @ 13.83% 141.13
2029 558.17 Est @ 12.23% 137.70
Present value of next 10 years cash flows SAR1,118.00
SASE:2190 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SAR558.17 × (1 + 8.48%) ÷ (15.02% – 8.48%)
SAR9,255.23
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SAR9,255.23 ÷ (1 + 15.02%)10
SAR2,283.32
SASE:2190 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SAR1,118.00 + SAR2,283.32
SAR3,401.32
Equity Value per Share
(SAR)
= Total value / Shares Outstanding
= SAR3,401.32 / 81.60
SAR41.68
SASE:2190 Discount to Share Price
Calculation Result
Value per share (SAR) From above. SAR41.68
Current discount Discount to share price of SAR17.94
= -1 x (SAR17.94 - SAR41.68) / SAR41.68
57%

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

Current Discount
Amount off the current price Saudi Industrial Services is available for.
Intrinsic value
>50%
Share price is SAR17.94 vs Future cash flow value of SAR41.68
Current Discount Checks
For Saudi Industrial Services to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Saudi Industrial Services's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Saudi Industrial Services'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 Saudi Industrial Services's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Saudi Industrial Services's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SASE:2190 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in SAR SAR0.62
SASE:2190 Share Price ** SASE (2020-04-02) in SAR SAR17.94
Asia Infrastructure Industry PE Ratio Median Figure of 145 Publicly-Listed Infrastructure Companies 9.78x
Saudi Arabia Market PE Ratio Median Figure of 122 Publicly-Listed Companies 18.39x

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

** Primary Listing of Saudi Industrial Services.

SASE:2190 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SASE:2190 Share Price ÷ EPS (both in SAR)

= 17.94 ÷ 0.62

28.75x

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

  • Saudi Industrial Services is overvalued based on earnings compared to the Asia Infrastructure industry average.
  • Saudi Industrial Services is overvalued based on earnings compared to the Saudi Arabia market.
Price based on expected Growth
Does Saudi Industrial Services's expected growth come at a high price?
Raw Data
SASE:2190 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 28.75x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Asia Infrastructure Industry PEG Ratio Median Figure of 49 Publicly-Listed Infrastructure Companies 1.05x
Saudi Arabia Market PEG Ratio Median Figure of 59 Publicly-Listed Companies 1.44x

*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 Saudi Industrial Services, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Saudi Industrial Services's assets?
Raw Data
SASE:2190 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in SAR SAR13.37
SASE:2190 Share Price * SASE (2020-04-02) in SAR SAR17.94
Asia Infrastructure Industry PB Ratio Median Figure of 160 Publicly-Listed Infrastructure Companies 0.79x
Saudi Arabia Market PB Ratio Median Figure of 181 Publicly-Listed Companies 1.32x
SASE:2190 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SASE:2190 Share Price ÷ Book Value per Share (both in SAR)

= 17.94 ÷ 13.37

1.34x

* Primary Listing of Saudi Industrial Services.

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

  • Saudi Industrial Services is overvalued based on assets compared to the Asia Infrastructure industry average.
X
Value checks
We assess Saudi Industrial Services'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 Infrastructure 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 Infrastructure industry average (and greater than 0)? (1 check)
  5. Saudi Industrial Services has a total score of 2/6, 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 Saudi Industrial Services expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
20.8%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is Saudi Industrial Services expected to grow at an attractive rate?
  • Unable to compare Saudi Industrial Services's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Saudi Industrial Services's earnings growth to the Saudi Arabia market average as no estimate data is available.
  • Saudi Industrial Services's revenue growth is expected to exceed the Saudi Arabia market average.
Annual Growth Rates Comparison
Raw Data
SASE:2190 Future Growth Rates Data Sources
Data Point Source Value (per year)
SASE:2190 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 20.8%
Asia Infrastructure Industry Earnings Growth Rate Market Cap Weighted Average 11.5%
Asia Infrastructure Industry Revenue Growth Rate Market Cap Weighted Average 8.9%
Saudi Arabia Market Earnings Growth Rate Market Cap Weighted Average 7.2%
Saudi Arabia 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
SASE:2190 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in SAR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SASE:2190 Future Estimates Data
Date (Data in SAR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31
2021-12-31 1,004 347 1
2020-12-31 687 290 1
2020-04-04
SASE:2190 Past Financials Data
Date (Data in SAR Millions) Revenue Cash Flow Net Income *
2019-12-31 676 256 51
2019-09-30 668 262 68
2019-06-30 643 230 72
2019-03-31 613 229 63
2018-12-31 565 179 47
2018-09-30 534 208 31
2018-06-30 510 189 25
2018-03-31 508 208 37
2017-12-31 562 244 59
2017-09-30 617 205 73
2017-06-30 658 226 83
2017-03-31 691 239 88

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Saudi Industrial Services is high growth as no earnings estimate data is available.
  • Saudi Industrial Services's revenue is expected to grow significantly at over 20% yearly.
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
SASE:2190 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 1 Analyst Estimates (S&P Global) See Below

All data from Saudi Industrial Services Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SASE:2190 Future Estimates Data
Date (Data in SAR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2020-04-04
SASE:2190 Past Financials Data
Date (Data in SAR Millions) EPS *
2019-12-31 0.62
2019-09-30 0.83
2019-06-30 0.89
2019-03-31 0.77
2018-12-31 0.57
2018-09-30 0.38
2018-06-30 0.31
2018-03-31 0.46
2017-12-31 0.72
2017-09-30 0.90
2017-06-30 1.02
2017-03-31 1.08

*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.
  • Saudi Industrial Services is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Saudi Industrial Services'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.
Saudi Industrial Services has a total score of 2/6, 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 Saudi Industrial Services 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 Saudi Industrial Services's growth in the last year to its industry (Infrastructure).
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.
  • Saudi Industrial Services's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Saudi Industrial Services's 1-year earnings growth exceeds its 5-year average (8.9% vs -12.9%)
  • Saudi Industrial Services's earnings growth has exceeded the Asia Infrastructure industry average in the past year (8.9% vs 2.6%).
Earnings and Revenue History
Saudi Industrial Services'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 Saudi Industrial Services Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SASE:2190 Past Revenue, Cash Flow and Net Income Data
Date (Data in SAR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 675.88 50.92 166.90
2019-09-30 667.75 68.02 159.05
2019-06-30 643.00 72.37 140.16
2019-03-31 613.24 63.07 137.16
2018-12-31 564.70 46.75 131.09
2018-09-30 534.14 30.62 128.92
2018-06-30 510.06 25.19 121.86
2018-03-31 508.42 37.26 121.50
2017-12-31 562.41 58.81 124.77
2017-09-30 617.42 73.24 126.69
2017-06-30 657.88 83.24 132.18
2017-03-31 691.09 88.17 136.13
2016-12-31 690.77 90.26 134.73
2016-09-30 670.02 90.84 122.70
2016-06-30 659.46 99.69 116.17
2016-03-31 641.42 95.52 113.83
2015-12-31 616.08 89.43 117.25
2015-09-30 598.57 84.71 122.85
2015-06-30 607.23 85.74 129.59
2015-03-31 585.87 82.78 127.97
2014-12-31 561.00 77.18 118.67
2014-09-30 552.04 72.86 111.63
2014-06-30 518.46 58.69 108.09
2014-03-31 517.91 56.56 109.35
2013-12-31 520.02 57.53 106.80
2013-09-30 515.68 53.67 119.89
2013-06-30 510.33 54.23 109.63

*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.
  • Saudi Industrial Services has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Saudi Industrial Services used its assets less efficiently than the Asia Infrastructure industry average last year based on Return on Assets.
  • Saudi Industrial Services's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Saudi Industrial Services'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 Infrastructure 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.
Saudi Industrial Services 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 Saudi Industrial Services'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 Saudi Industrial Services's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Saudi Industrial Services's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Saudi Industrial Services's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Saudi Industrial Services'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 0.5x 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 Saudi Industrial Services Company Filings, last reported 3 months ago.

SASE:2190 Past Debt and Equity Data
Date (Data in SAR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,591.04 794.20 295.10
2019-09-30 1,592.09 796.87 264.75
2019-06-30 1,585.85 793.36 178.35
2019-03-31 1,592.12 862.97 252.84
2018-12-31 1,571.43 856.98 180.58
2018-09-30 1,545.98 924.83 166.91
2018-06-30 1,530.11 926.11 108.90
2018-03-31 1,542.92 987.21 176.56
2017-12-31 1,544.06 986.10 150.71
2017-09-30 1,562.51 1,027.86 255.36
2017-06-30 1,556.08 960.84 178.53
2017-03-31 1,523.63 979.05 232.08
2016-12-31 1,485.19 952.93 195.43
2016-09-30 1,484.26 887.87 195.61
2016-06-30 1,458.03 896.64 192.68
2016-03-31 1,469.12 942.46 296.70
2015-12-31 1,433.91 950.69 252.67
2015-09-30 1,400.27 1,003.59 292.15
2015-06-30 1,360.58 1,012.09 231.47
2015-03-31 1,351.88 1,058.87 310.92
2014-12-31 1,329.87 1,062.74 273.44
2014-09-30 1,298.83 1,106.84 283.22
2014-06-30 1,265.07 1,105.64 231.93
2014-03-31 1,229.09 1,147.57 239.56
2013-12-31 1,219.70 1,147.53 209.42
2013-09-30 1,191.19 1,170.54 209.03
2013-06-30 1,177.10 1,146.05 148.11
  • Saudi Industrial Services's level of debt (49.9%) 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 (79.9% vs 49.9% today).
  • Debt is well covered by operating cash flow (32.2%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Saudi Industrial Services'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. Saudi Industrial Services has a total score of 2/6, 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 Saudi Industrial Services'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
3.34%
Current annual income from Saudi Industrial Services dividends. Estimated to be 2.51% next year.
If you bought SAR2,000 of Saudi Industrial Services shares you are expected to receive SAR67 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?
  • Saudi Industrial Services's pays a higher dividend yield than the bottom 25% of dividend payers in Saudi Arabia (3.09%).
  • Saudi Industrial Services's dividend is below the markets top 25% of dividend payers in Saudi Arabia (6.81%).
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
SASE:2190 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 1 Analyst Estimates (S&P Global) See Below
Asia Infrastructure Industry Average Dividend Yield Market Cap Weighted Average of 124 Stocks 3.5%
Saudi Arabia Market Average Dividend Yield Market Cap Weighted Average of 78 Stocks 1.1%
Saudi Arabia Minimum Threshold Dividend Yield 10th Percentile 1.9%
Saudi Arabia Bottom 25% Dividend Yield 25th Percentile 3.1%
Saudi Arabia Top 25% Dividend Yield 75th Percentile 6.8%

Industry and Market average data is calculated daily.

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

SASE:2190 Future Dividends Estimate Data
Date (Data in SAR) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31
2021-12-31 0.65 1.00
2020-12-31 0.25 1.00
2020-04-04
SASE:2190 Past Annualized Dividends Data
Date (Data in SAR) Dividend per share (annual) Avg. Yield (%)
2020-03-18 0.600 3.790
2020-03-01 0.600 3.566
2019-02-26 0.400 2.586
2018-07-31 0.300 2.498
2018-04-01 0.300 2.100
2018-03-28 0.000 0.000
2017-11-01 0.000 0.000
2017-08-17 0.000 0.000
2017-08-13 0.000 0.000
2017-05-14 0.000 0.000
2017-02-27 0.000 0.000
2017-01-22 0.000 0.000
2016-10-23 0.417 3.595
2016-02-25 0.417 3.667
2015-03-05 0.417 3.155
2015-01-20 0.417 2.812

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

  • Saudi Industrial Services has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Saudi Industrial Services only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Saudi Industrial Services's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2x coverage).
X
Income/ dividend checks
We assess Saudi Industrial Services's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.9%) - 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 Saudi Industrial Services afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Saudi Industrial Services 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 Saudi Industrial Services'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
Mohammed Al-Mudarres
CEO Bio

Eng. Mohammed M. Kamal Al-Mudarres serves as Chief Executive Officer of Saudi Industrial Services Company. Eng. Al-Mudarres began his career in the area of his specialty (Electrical Engineering) more than 25 years ago. He gradually escalated to various management and executive positions over the course of his career, in a number of local and international companies. Most notably as the General Manager of the Power Generation division in SIEMENS Saudi Arabia, based in Khobar, and later as General Manager for STORK Cooperheat Middle East, based in Dubai. He serves as a Board Member on various SISCO subsidiaries management boards, where he serves as Chairman of some of them as well. He served various memberships in professional international organizations, among which; The Project Management Institute (PMI), the Institute of Electrical and Electronics Engineers (IEEE) and the American Society of Non-Destructive Testing (ASNT). He holds a Bachelor Degree and a Master Degree both in Electrical Engineering earned respectively in 1985 and 1988 from the University of Colorado in the USA. He has completed several short trainings in professional and management courses during his career.

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

Mohammed Al-Mudarres

TITLE
Chief Executive Officer

Mahmood Hussain

TITLE
Chief Financial Officer
TENURE
0.9 yrs

Maqbool Aswni

TITLE
Admin & Shareholders Affairs Manager and Investor Relations Manager

Saleem Sheikh

TITLE
Chief Legal Officer

Abdullah Habadi

TITLE
Head of IT

Syed Reza

TITLE
Chief Audit Executive

Richard Fourie

TITLE
Chief Corporate Affairs Officer

Hesham Gindy

TITLE
Chief Audit Executive

Youssef Olyyan

TITLE
Board Secretary
Board of Directors Tenure

Average tenure of the Saudi Industrial Services board of directors in years:

13.5
Average Tenure
  • The average tenure for the Saudi Industrial Services board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Mohammed Ahmed Alireza

TITLE
Non-Executive Chairman
COMPENSATION
SAR415K
AGE
76

Aamer Abdullah Alireza

TITLE
Deputy Chairman
COMPENSATION
SAR420K
AGE
48
TENURE
2.3 yrs

Abdulaziz Jazzar

TITLE
Independent Non-Executive Director
COMPENSATION
SAR400K
TENURE
6.3 yrs

Saleh Hefni

TITLE
Non-Executive Director
COMPENSATION
SAR335K
TENURE
21.8 yrs

Adnan Maimani

TITLE
Non-Executive Director
COMPENSATION
SAR345K
TENURE
20.8 yrs

Alawi Mohammed Kamel

TITLE
Independent Non-Executive Director
COMPENSATION
SAR355K
TENURE
25.5 yrs

Abdulaziz Al-Meshal

TITLE
Independent Director
COMPENSATION
SAR230K
TENURE
3.3 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 (SAR) Value (SAR)
X
Management checks
We assess Saudi Industrial Services'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. Saudi Industrial Services 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

Saudi Industrial Services Company, through its subsidiaries, undertakes capital investment in desalination plants, ports and container terminals, industrial estate development, bonded and re-export zones, and other projects in the Kingdom of Saudi Arabia. It operates through Port Development and Operations; Water Desalination and Distribution; and Logistic Parks and Support Services segments. The company manages and operates a storage and re-export project located on the land leased from Jeddah Islamic port; and develops, constructs, operates, and maintains container terminals, and excavation and back filling works. It is also involved in water desalination and treatment plant activities, as well as the sale of water. In addition, the company develops and operates industrial zones; constructs and operates restaurants, and catering and entertainment centers; constructs residential buildings, malls, hospitals and health care services buildings, gas stations, and auto servicing and maintenance workshops; and purchases land for the construction of buildings, as well as invests in land for sale or lease. Saudi Industrial Services Company was founded in 1988 and is headquartered in Jeddah, the Kingdom of Saudi Arabia.

Details
Name: Saudi Industrial Services Company
2190
Exchange: SASE
Founded: 1988
SAR1,463,904,000
81,600,000
Website: http://www.sisco.com.sa
Address: Saudi Industrial Services Company
Saudi Business Center,
Suite 501,
Jeddah,
21424,
Saudi Arabia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SASE 2190 Ordinary Shares Saudi Arabian Stock Exchange SA SAR 13. Mar 2003
Number of employees
Current staff
Staff numbers
0
Saudi Industrial Services employees.
Industry
Marine Ports and Services
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 18:16
End of day share price update: 2020/04/02 00:00
Last estimates confirmation: 2020/04/01
Last earnings filing: 2020/03/18
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.