Zoujaj (Saudi Glass) intrinsic value and dividend analysis using DCF, P/B, PEG and PSG models. Includes dividend yield, payout ratio, and dividend sustainability assessment. Sector: Materials. Listed on Saudi Exchange Tadawul.
The National Company for Glass Industries (Zoujaj) produces returnable and non-returnable glass bottles and float glass for the beverage, water, and food packaging sectors in Saudi Arabia. It also operates sand and gravel mines and crushing operations. Founded in 1990, it is based in Riyadh.
TASIV estimates this company's intrinsic value using a discounted earnings model. As of TASIV's most recent data refresh, the estimated intrinsic value is SAR 23.49 compared to a market price of SAR 36.46 (Trading significantly above DCF model value). This is an analytical estimate, not investment advice.
Revenue declined by about 16% over the three-year period, while net income moved in the opposite direction, increasing by about 75% despite the lower revenue. Operating cash flow followed neither trend closely, declining by about 85% over the period, with nearly all of that decline occurring in the third year. Overall, the company's historical financial performance shows revenue and cash flow both weakening even as reported net income increased over the period.
Dividend per share fluctuated over the 5-year recorded period, ranging between SAR 0.5 and SAR 2, and ended at SAR 0.5 versus SAR 0.75 at the start. Payments have been made on an Annual basis throughout this period. Overall, the company's per-share dividend has varied year to year without a consistent direction. Current dividend yield is approximately 1.37%, with a payout ratio of approximately 19.66%.
TASIV's Competitive Advantage assessment for this company is Moderate (56/100), based on profitability, predictability, financial strength, and growth resilience.
Based on TASIV's discounted earnings model, the estimated intrinsic value of Zoujaj (Saudi Glass) is approximately SAR 23.49, compared to a current market price of SAR 36.46. This is an analytical estimate based on the company's financial data, not investment advice or a recommendation to buy or sell.
According to TASIV's model, Zoujaj (Saudi Glass) is currently "Trading significantly above DCF model value".
Zoujaj (Saudi Glass)'s dividend yield is approximately 1.37%, with a payout ratio of approximately 19.66%, based on TASIV's most recent verified data.
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