- ACWA Power reported a fiscal year profit of 1.76 billion riyals, marking a 5.7% increase from the previous year.
- The company’s revenue reached 6.30 billion riyals, which is a 3.3% rise compared to the year before.
- Operating profit remained stable at 2.98 billion riyals, unchanged from the previous year.
- Earnings per share (EPS) increased to 2.40 riyals, up from 2.27 riyals the previous year.
- Current market recommendations include 0 buys, 1 hold, and 5 sells for the company’s stock.
A look at ACWA Power Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 2.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
ACWA Power, an international company specializing in utility services, has garnered a positive long-term outlook based on its Smartkarma Smart Scores. With a strong growth score of 5, ACWA Power demonstrates significant potential for expansion and development in the future. This growth factor, coupled with reasonable scores in value, dividend, resilience, and momentum, positions ACWA Power as a promising player in the industry.
International Company for Water and Power Projects, as ACWA Power is also known, is actively involved in the development, ownership, and operation of seawater desalination and power generation projects on a global scale. Serving customers worldwide, the company’s overall Smart Scores suggest a favorable outlook for its future performance and competitiveness within the industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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