NAQI Water Co. (2282) — Financial Analysis & Intrinsic Value · TASIV

Company Overview

Naqi Water Company produces and bottles filtered drinking water and wholesales bottled water, soft drinks, and juices in Saudi Arabia. It also operates poultry hatcheries and egg production, and provides land freight transport services. Founded in 2014, it is headquartered in Unaizah.

Valuation Model

TASIV estimates this company's intrinsic value using a DCF (Discounted Cash Flow) model. As of TASIV's most recent data refresh, the estimated intrinsic value is SAR 23.96 compared to a market price of SAR 58.85 (Trading significantly above DCF model value). This is an analytical estimate, not investment advice.

Financial Performance

Revenue declined by about 22% over the three-year period, a decline closely matched by operating cash flow, down about 21% over the same period. Net income declined more steeply in relative terms, falling each year and turning into a net loss by the third year, a sharper decline than seen in either revenue or cash flow. Overall, the company's historical financial performance shows revenue and cash flow declining at a similar pace, while profitability declined further, ending in a loss.

Dividends

Dividend per share fluctuated over the 4-year recorded period, ranging between SAR 0.5 and SAR 1, and ended at SAR 1 versus SAR 1 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.

Business Fundamentals

TASIV's Competitive Advantage assessment for this company is Moderate (50/100), based on profitability, predictability, financial strength, and growth resilience.

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