TheScreener - Saudi Electricity Co. (5110) With a more favourable environment, SAUDI ELECTRICITY improves to Slightly Positive

Report

TheScreener

EUR 13.25 For Business Accounts Only

With a more favourable environment, SAUDI ELECTRICITY improves to Slightly Positive

SAUDI ELECTRICITY (SA), a company active in the Conventional Electricity industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date January 21, 2022, the closing price was SAR 25.45 and its potential was estimated at SAR 28.21.

22/01/2022 1 EN

Underlying

Saudi Electricity Co.

Saudi Electricity is an electric company based in Saudi Arabia. Co. is a major provider of electric power all over the Kingdom of Saudi Arabia, serving governmental, industrial, agricultural, commercial sectors, and residential consumers. Co. is a tariff regulated (subject to tariff control) electricity company. Electricity tariffs are determined by the Council of Ministers based on recommendations from the Electricity and Co-generation Regulatory Authority.

See profile

SA0007879550 Saudi Stock Exchange Saudi Arabia

Provider

TheScreener

Empowering Investors

theScreener is the market leader for independent valuations of financial securities, equities, sectors and markets, and new funds. theScreener's ratings, analyses are used by leading banks, asset managers and financial portals. Approximately 10,000 workstations benefit from theScreener's services, with over millions of customer accounts actively analysed.

Worldwide coverage: theScreener analyses cover around 6'500 Stocks, i.e 95% of the world Market Capitalization. theScreener state of art: We provide
theScreener state of art: We provide easy to use and complete analyses over Stocks, including Fundamentals / Technical / Risk/ Peer / Alternatives analyses.
For Research Pool community, we provide twice a week around 500 new equity analyses. We produce analyses about equities which have been upgraded or downgraded.

See profile

Other Reports on these Companies

Tellimer

Saudi Electricity: Saudi Electricity: Earnings call summary

Operational performance * Q2 22 revenues increased 4.4% yoy (+43.4% qoq) to SAR19.40bn. The yoy growth is due to higher electricity sales and an increase in the number of subscribers, while the significant qoq growth is due to seasonal cyclicity. * Electricity sales grew 4.2% yoy to SAR17.37bn due to higher demand from the commercial, government and industrial segments. * Power generation capacity increased 1% yoy to 54.6GW and thermal efficiency improved by 20bps yoy to 37.0% by t...

PREMIUM

August 28, 2022 August 28, 2022 1 EN

Tellimer

Saudi Electricity: Results in-line with expectation

SEC reported a Q2 22 net income of SAR5.50bn (before Mudaraba instruments cost), in-line with our estimates of SAR5.44bn. This compares to a net income of SAR5.83bn and SAR1.52bn in Q2 21 and Q1 22, respectively. The yoy decline in net income is due to higher receivable provisions booked in Q2 22, due to increased average aging of receivables. Adjusting for the Mudaraba instrument costs, SEC recorded a net income of SAR3.59bnn in Q2 22 vs net income of SAR3.92bn in Q2 21 and net loss of SAR37...

PREMIUM

August 22, 2022 August 22, 2022 1 EN

Tellimer

Saudi Electricity: Losses on higher than expected costs

SEC reported a weaker than expected set of Q4 21 results with a net loss of SAR506mn (before Mudaraba instruments cost) vs a net income of SAR4.14bn in Q4 20 and SAR7.38bn in Q3 21 and our estimates of SAR1.72bn. Although revenue was broadly in-line with our expectation, the variance was mainly due to 1) higher than expected COGS on higher fuel and maintenance costs and 2) higher non-opex and zakat expense. * Revenues stood at SAR15.02bn in Q4 21, down 25.4% yoy (-31.9% qoq) and were broadly...

PREMIUM

March 17, 2022 March 17, 2022 1 EN

AC ENERGY CORP increases its risk exposure and slightly lowers to Neutral

AC ENERGY CORP (PH), a company active in the Alternative Electricity industry, now shows a lower overall rating. The independent financial analyst theScreener confirms the fundamental rating of 4 out of 4 stars. However, the market behaviour deterioration triggered a risk requalification, which can be thus described as moderately risky. theScreener believes that increased risk justifies the general evaluation downgrade to Neutral. As of the analysis date April 8, 2022, the closing price was PHP 8.54 and its expected value was estimated at PHP 8.53.

Free Trial

April 9, 2022 April 9, 2022 1 EN

With a more favourable environment, VUKILE PROPERTY improves to Positive

VUKILE PROPERTY (ZA), a company active in the Real Estate Holding & Development industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, defensive market behaviour. The title leverages a more favourable environment and raises its general evaluation to Positive. As of the analysis date April 5, 2022, the closing price was ZAR 13.72 and its potential was estimated at ZAR 15.16.

Free Trial

April 6, 2022 April 6, 2022 1 EN

An unfavourable environment weighs on ROYAL BAFOKENG PLATINUM, which sees a downgrade to Slightly Negative

The independent financial analyst theScreener just requalified the general evaluation of ROYAL BAFOKENG PLATINUM (ZA), active in the Platinum & Precious Metals industry. As regards its fundamental valuation, the title still shows 0 out of 4 stars and its market behaviour is seen as moderately risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Slightly Negative. As of the analysis date April 5, 2022, the closing price was ZAR 159.78 and its target price was estimated at ZAR 127.50.

Free Trial

April 6, 2022 April 6, 2022 1 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

With a more favourable environment, SAUDI ELECTRICITY improves to Slightly Positive

Empowering Investors

Saudi Electricity: Saudi Electricity: Earnings call summary

Saudi Electricity: Results in-line with expectation

Saudi Electricity: Losses on higher than expected costs

AC ENERGY CORP increases its risk exposure and slightly lowers to Neutral

With a more favourable environment, VUKILE PROPERTY improves to Positive

An unfavourable environment weighs on ROYAL BAFOKENG PLATINUM, which sees a downgrade to Slightly Negative

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe