Middle East Specialized Cables Co. (MESC) intrinsic value and dividend analysis using DCF, P/B, PEG and PSG models. Includes dividend yield, payout ratio, and dividend sustainability assessment. Sector: Capital Goods. Listed on Saudi Exchange Tadawul.
Middle East Specialized Cables Company manufactures fiber-optic cables and insulated steel, copper, and aluminum wires and cables, including power and control cables, solar cables, and communication cables, for customers in Saudi Arabia and the United Arab Emirates. Incorporated in 1992, 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 33.64 compared to a market price of SAR 34.00 (Trading near DCF model value). This is an analytical estimate, not investment advice.
Revenue increased by about 60% over the three-year period, while net income grew even faster, up about 108%, so profitability increased at a notably higher rate than sales. Operating cash flow moved differently, turning negative in the second year before recovering to a small positive figure in the third, ending about 94% below its starting level despite the substantial growth in revenue and net income. Overall, the company's historical financial performance shows substantial growth in revenue and profitability alongside a considerable decline in operating cash flow.
Dividend per share fluctuated over the 4-year recorded period, ranging between SAR 0.5 and SAR 1.2, and ended at SAR 1 versus SAR 0.5 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 2.94%, with a payout ratio of approximately 39.35%.
TASIV's Competitive Advantage assessment for this company is High (71/100), based on profitability, predictability, financial strength, and growth resilience.
Based on TASIV's discounted earnings model, the estimated intrinsic value of Middle East Specialized Cables Co. (MESC) is approximately SAR 33.64, compared to a current market price of SAR 34.00. 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, Middle East Specialized Cables Co. (MESC) is currently "Trading near DCF model value".
Middle East Specialized Cables Co. (MESC)'s dividend yield is approximately 2.94%, with a payout ratio of approximately 39.35%, based on TASIV's most recent verified data.
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