Why is National Co. for Glass Industries ?
1
Poor Management Efficiency with a low ROCE of 0.72%
- The company has been able to generate a Return on Capital Employed (avg) of 0.72% signifying low profitability per unit of total capital (equity and debt)
2
The company is Net-Debt Free
- Poor long term growth as Net Sales has grown by an annual rate of 14.01% and Operating profit at 17.89% over the last 5 years
- The company is Net-Debt Free
- The company has been able to generate a Return on Equity (avg) of 8.75% signifying low profitability per unit of shareholders funds
3
Flat results in Mar 26
- OPERATING CASH FLOW(Y) Lowest at SAR 58.07 MM
- INVENTORY TURNOVER RATIO(HY) Lowest at 3.45 times
- DEBTORS TURNOVER RATIO(HY) Lowest at 1.85 times
4
With ROE of 10.29%, it has a very attractive valuation with a 1.56 Price to Book Value
- Over the past year, while the stock has generated a return of -16.57%, its profits have fallen by -18.8% ; the PEG ratio of the company is 0
- At the current price, the company has a high dividend yield of 1.3
5
Underperformed the market in the last 1 year
- Even though the market (Saudi Arabia All Share TASI) generated negative returns of -0.13% in the last 1 year, its fall in the stock was much higher with a return of -16.57%
How much should you hold?
- Overall Portfolio exposure to National Co. for Glass Industries should be less than 10%
- Overall Portfolio exposure to Packaging should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Packaging)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is National Co. for Glass Industries for you?
Medium Risk, Low Return
Absolute
Risk Adjusted
Volatility
National Co. for Glass Industries
-16.57%
-0.34
23.73%
Saudi Arabia All Share TASI
-0.13%
-0.01
13.67%
Quality key factors
Factor
Value
Sales Growth (5y)
14.01%
EBIT Growth (5y)
17.89%
EBIT to Interest (avg)
0.05
Debt to EBITDA (avg)
1.32
Net Debt to Equity (avg)
-0.01
Sales to Capital Employed (avg)
0.18
Tax Ratio
22.65%
Dividend Payout Ratio
49.16%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
0.72%
ROE (avg)
8.75%
Valuation Key Factors 
Factor
Value
P/E Ratio
15
Industry P/E
Price to Book Value
1.56
EV to EBIT
296.69
EV to EBITDA
34.38
EV to Capital Employed
1.55
EV to Sales
8.80
PEG Ratio
0.02
Dividend Yield
1.32%
ROCE (Latest)
0.52%
ROE (Latest)
10.29%
Technical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Sideways
Bearish
Moving Averages
Bearish (Daily)
KST
Bullish
Bearish
Dow Theory
Mildly Bearish
Mildly Bullish
OBV
Bullish
No Trend
Technical Movement
4What is working for the Company
NET PROFIT(Q)
Highest at SAR 32.71 MM
RAW MATERIAL COST(Y)
Fallen by -1.88% (YoY
EPS(Q)
Highest at SAR 0.99
-6What is not working for the Company
OPERATING CASH FLOW(Y)
Lowest at SAR 58.07 MM
INVENTORY TURNOVER RATIO(HY)
Lowest at 3.45 times
DEBTORS TURNOVER RATIO(HY)
Lowest at 1.85 times
Here's what is working for National Co. for Glass Industries
Net Profit
Highest at SAR 32.71 MM and Grown
In each period in the last five periodsMOJO Watch
Near term Net Profit trend is very positive
Net Profit (SAR MM)
EPS
Highest at SAR 0.99
in the last five periodsMOJO Watch
Increasing profitability; company has created higher earnings for shareholders
EPS (SAR)
Raw Material Cost
Fallen by -1.88% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin
Raw Material Cost as a percentage of Sales
Here's what is not working for National Co. for Glass Industries
Inventory Turnover Ratio
Lowest at 3.45 times and Fallen
In each half year in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling inventory has slowed
Inventory Turnover Ratio
Operating Cash Flow
Lowest at SAR 58.07 MM
in the last three yearsMOJO Watch
The company's cash revenues from business operations are falling
Operating Cash Flows (SAR MM)
Debtors Turnover Ratio
Lowest at 1.85 times
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling Debtors has slowed
Debtors Turnover Ratio






