- Kingdom Holding reported a third-quarter profit of 794.5 million riyals, a significant increase from last year’s 347.1 million riyals.
- Revenue showed a modest growth of 2.2% year-over-year, reaching 625.2 million riyals.
- Operating profit soared to 1.03 billion riyals, marking a 59% increase from the previous year.
- The company attributed its revenue growth to an increase in hotel and other operating revenues.
- Despite the overall profit increase, there was a noted decrease in dividend income.
- Current market sentiment indicates no new buys, no holds, and one sell recommendation.
A look at Kingdom Holding Co Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 4 | |
| Growth | 2 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
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
Based on the Smartkarma Smart Scores, Kingdom Holding Co seems to have a promising long-term outlook. The company scores high in the areas of value, dividend, resilience, and momentum, indicating strength in these aspects. With a strong focus on diverse investments including banking, real estate, telecommunications, and hospitality among others, Kingdom Holding Co‘s robust value and dividend scores suggest a solid financial foundation and potential for growth. Its resilience and momentum scores further support its ability to weather market uncertainties and maintain positive performance over time.
Kingdom Holding Co‘s growth score, however, is comparatively lower, indicating some areas for potential improvement in its expansion strategies. Despite this, the company’s overall high scores across key factors paint a positive picture for its future performance. As a diversified investment company with interests spanning various sectors, Kingdom Holding Co appears well-positioned to capitalize on its strengths and opportunities in the market.
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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