Ratios


USD Riyal
2025 2024 2023 2022 2021 2020
Per Share Data
Shares Outstanding 23.10 23.10 23.10 21.00 21.00 21.00
Recurring EPS 1.00 0.93 0.26 0.68 0.36 -0.94
EPS 1.00 0.93 0.42 0.75 0.53 -0.94
Book Value (BV) 13.67 12.88 11.94 11.30 11.01 10.50
Par Value
Operating Cash Flow (OCF) 2.00 1.11 0.60 1.51 0.17 1.11
Dividends Per Share 0.40 - - - - -
Multiple Ratios
P/E 12.41 13.21 31.54 - - -
Recurring P/E 12.41 13.21 50.96 - - -
Price/book 0.92 0.96 1.12 - - -
Dividend Yield 3.19 % - - - - -
Price/Revenue 1.13 1.37 2.05 - - -
EV/adj EBITDA 6.89 9.06 12.22 - - -
EV/Revenues 1.55 1.92 1.79 - - -
Growth
Assets 3.59 % 52.06 % 2.85 % 2.16 % 5.52 % -
Book Value (BV) 6.11 % 7.92 % 16.22 % 2.64 % 4.86 % -
Earnings 7.64 % 121.67 % (38.31 %) 40.54 % 156.71 % -
Revenue Growth 22.69 % 39.01 % 5.33 % 8.20 % 1.15 % -
Profitability
Asset Turnover 0.51 0.51 0.47 0.46 0.44 -
Return on Average Assets 4.64 % 5.30 % 3.06 % 5.08 % 3.75 % -
Return on Average Assets Before Unusual Items 4.64 % 5.30 % 1.89 % 4.60 % 2.54 % -
Return on Average Equity 7.60 % 7.55 % 3.81 % 6.76 % 4.99 % -
Return on Average Equity Before Unusual Items 7.60 % 7.55 % 2.36 % 6.12 % 3.37 % -
Gross Margin 29.28 % 28.18 % 24.82 % 44.35 % 44.62 % 37.30 %
Net Margin 9.11 % 10.38 % 6.51 % 11.12 % 8.56 % (15.26 %)
Net Margin Before Unusual Items 9.11 % 10.38 % 4.03 % 10.06 % 5.79 % (15.26 %)
Leverage
Total Debt/Total Assets 25.47 % 26.79 % 0.71 % 4.64 % 11.05 % 7.00 %
Total Debt/Equity 41.17 % 44.36 % 0.83 % 6.16 % 14.75 % 9.28 %
Times Interest Earned (TIE) 3.06 3.03 8.82 26.66 16.13 2.43
Average Cost of Debt 8.72 % 13.36 % 8.48 % 2.42 % 2.23 % -
Net Indebtedness 108.07 114.98 (39.65) (34.02) 8.98 2.14
Valuation
Adjusted EBITDA 57.63 44.26 21.96 28.98 22.32 10.68
Adjusted EBITDA margin 22.53 % 21.23 % 14.64 % 20.35 % 16.96 % 8.21 %
Enterprise Value (EV) 397.28 400.95 268.32 - - -
Liquidity
Current Ratio 2.06 2.61 3.27 1.77 1.78 1.73
Quick Ratio 1.47 1.80 2.39 1.36 1.23 1.06
Cash Ratio 0.30 0.33 1.11 0.38 0.47 0.40
Activity
A/R turnover (X) 3.81 3.99 4.08 4.26 4.45 -
Inventory Turnover (X) 4.23 3.97 3.72 2.82 2.43 -
Days Sales of Inventory (DSI) 86.21 91.93 98.05 129.65 150.41 -
Days Sales Outstanding (DSO) 95.91 91.37 89.49 85.71 81.95 -
Cash flow Analysis
Free Cash Flow 23.21 15.90 (4.44 ) 10.92 (6.18 ) 21.74
Operating Cash Flow (OCF)/Revenues 18.09 % 12.27 % 9.29 % 22.25 % 2.66 % 17.93 %
Payout Ratio 39.66 % - - - - -
Operating Cash Flow (OCF)/Net Income 198.64 % 118.16 % 142.66 % 200.21 % 31.13 % (117.47 %)