Al Quds Ready Mix Adjusts Valuation Amid Rising Costs and Profit Decline

Al Quds Ready Mix, a microcap company in the building products industry, has recently undergone an evaluation adjustment that reflects changes in its valuation metrics. The stock's score has been revised, indicating a shift in its financial standing.
Key financial indicators reveal that the company has a P/E ratio that aligns with its industry, while its EV to EBIT stands at 3.66 and EV to EBITDA at 2.83. The EV to Capital Employed ratio is noted at 0.31, and the EV to Sales ratio is 0.34. The return on capital employed (ROCE) is reported at 8.42%, with a return on equity (ROE) of 8.25%.

Despite these metrics, the company has faced challenges, including a notable increase in raw material costs by 13.89% year-over-year and a low debtors turnover ratio of 1.95%. Additionally, the operating profit for the latest quarter was recorded at JOD 0.32 million. Over the past year, Al Quds Ready Mix has experienced a decline in profits by 41.4%, contrasting sharply with the Jordan General Index, which has seen returns of 38.59%.

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