Middle East Company for Manufacturing and Producing Paper

1202.SR

1202.SRMiddle East Company for Manufacturing and Producing Paper SA flag

Saudi

37.90

SAR

-0.15

(-0.39%)

-0.91EPS

-41.65P/E

3.28BMarket Cap

Nov 11Next Earn

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ISIN

SA13Q050IP16

Return %

Stock

S&P500

-3.93

25.08

1.28

37.88

233.63

82.82

Use logarithmic scale

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	TTM
Revenue per Share	1.23	1.43	12.4	10.22	9.52	11.57	12.55	10.43	10.94	15.87	17.81	13	11.56
Basic EPS, GAAP	0.07	0.16	1.67	0.83	1.42	1.02	1.5	0.09	0.3	3.31	4.05	-1.2	-0.79
Free Cash Flow per Basic Share	0.26	0.3	1.28	-0.54	-0.09	1.13	2.4	-0.28	1.88	2.81	1.09	-1.07	-2.04
Dividend per Share	- -	- -	0.62	- -	0.38	0.56	0.94	0.38	- -	- -	1.13	0.5	- -
Book Value per Share	- -	- -	8.27	8.51	9.4	9.73	10.15	9.87	10.15	13.12	15.57	13.93	12.69
Tangible Book Value per Share	0.88	1	9	9.28	10.32	10.76	11.26	11.01	11.33	14.74	17.73	16.02	19.02
Basic Weighted Avg Shares	533	533	67	67	67	67	66	66	66	67	67	67	86
Sales/Revenue/Turnover	654	760	826	681	634	771	834	691	725	1,057	1,187	867	1,000
Operating Margin (%)	9.5	16.4	17.02	11.77	5.38	12.83	15.95	4.78	6.4	22.94	27.79	-6.68	-2.85
Depreciation Expense	- -	- -	88	101	80	91	87	96	106	99	100	103	109
Net Income, GAAP	38	88	111	55	95	68	99	6	20	221	270	-80	-69
Effective Tax Rate (%)	- -	- -	2.04	2.98	1.36	2.03	2.71	12.93	18.29	3.05	5.28	- -	63.12
Profit Margin (%)	5.79	11.52	13.47	8.09	14.96	8.84	11.93	0.89	2.78	20.87	22.72	-9.26	-6.85
Working Capital	- -	59	-84	32	18	45	105	54	39	396	529	173	687
LT Debt	440	456	321	428	390	358	360	381	335	439	433	367	294
Total Equity	470	533	603	625	693	722	751	731	752	983	1,182	1,068	1,645
Return on Invested Capital (%)	- -	9.91	10.65	5.42	2.32	6.76	9.25	2.06	2.7	15.42	18.31	- -	- -
Return on Capital (%)	- -	11.58	13.55	5.53	8.95	6.89	9.43	2.1	2.6	16.31	17.93	- -	0.95
Return on Common Equity (%)	- -	- -	40.41	9.85	15.89	10.68	15.03	0.92	3.04	28.55	28.22	-8.16	-6.65

Capital Structure

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in mil. unless spec.

Working Capital

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in mil. unless spec.

Growth Rates

FRC

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in mil. unless spec.

(avg. rate of change)	10 years	5 years	1 year
Sales/Revenue/Turnover	3.29%	3.79%	-26.98%
Net Income, GAAP	108.84%	204.36%	-129.76%
Free Cash Flow	-265.27%	-218.1%	-197.43%
Total Cash Common Dividend	- -	- -	-55.56%
Total Equity	7.75%	8.3%	-9.65%

Growth Rates

•

in mil. unless spec.

Quarterly Revenue

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in mil. unless spec.

Quarterly Earnings Per Share

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in mil. unless spec.

Quarterly Dividends Per Share

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in mil. unless spec.

Company Description

CEO: Mr. Rob Jan Renders
Sector: Basic Materials
Industry: Paper, Lumber & Forest Products
Address: Nujood Center Jeddah Makkah Province Saudi Arabia 23326
IPO Date: Dec 21, 2015
Website: mepco.biz
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Business: Middle East Company for Manufacturing and Producing Paper, together with its subsidiaries, produces and sells container boards and industrial papers in the Kingdom of Saudi Arabia, the Middle East, Africa, Asia, and Europe. The company operates through two segments, Manufacturing and Trading. It provides MEPFLUTE high performance fluting, MEPLINER test liner, MEPDUAL dual use, MEPKRAFT Kraft liner board, and MEPWHITE white top test liner products for use in beverages, consumer durables, detergents, industrial goods, and processed food industries. The company also offers MEPCHEM semi-chemical fluting products for frozen and fresh food applications; MEPLAMINATE absorbent Kraft products for laminated furniture and shelves, and counters and floors; and MEPGYPSUM plasterboard liners for interior wall lining systems. In addition, it provides MEPCORE core boards for film, tape and label, textiles, and paper applications. Further, the company is involved in the wholesale and retail of paper and used paper, carton, and plastic waste products. Middle East Company for Manufacturing and Producing Paper was founded in 2000 and is based in Jeddah, Saudi Arabia.

	Mar'24	Jun'24	Sep'24
ST Debt	275	300	390
LT Borrowings	343	321	283
LT Finance Leases	15	16	12
Preferred Equity and Hybrid Capital	- -	- -	- -
Shares Outstanding	87	- -	- -
Market Capitalization	2,972	3,223	3,795

Year	Q1	Q2	Q3	Q4	FY
2022	305	347	304	232	1,187
2023	224	189	229	224	867
2024	243	255	277	- -	- -

	Mar'24	Jun'24	Sep'24
Total Current Assets	1,268	1,220	1,318
Accounts Receivable, Net	278	314	323
Cash, Cash Equivalents & STI	699	618	633
Inventories	193	210	233
Total Current Liabilities	529	558	631
Payables & Accruals	- -	- -	- -
ST Debt	275	300	390
Deferred Revenue	- -	- -	- -

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	TTM
Revenue per Share	1.23	1.43	12.4	10.22	9.52	11.57	12.55	10.43	10.94	15.87	17.81	13	11.56
Basic EPS, GAAP	0.07	0.16	1.67	0.83	1.42	1.02	1.5	0.09	0.3	3.31	4.05	-1.2	-0.79
Free Cash Flow per Basic Share	0.26	0.3	1.28	-0.54	-0.09	1.13	2.4	-0.28	1.88	2.81	1.09	-1.07	-2.04
Dividend per Share	- -	- -	0.62	- -	0.38	0.56	0.94	0.38	- -	- -	1.13	0.5	- -
Book Value per Share	- -	- -	8.27	8.51	9.4	9.73	10.15	9.87	10.15	13.12	15.57	13.93	12.69
Tangible Book Value per Share	0.88	1	9	9.28	10.32	10.76	11.26	11.01	11.33	14.74	17.73	16.02	19.02
Basic Weighted Avg Shares	533	533	67	67	67	67	66	66	66	67	67	67	86
Sales/Revenue/Turnover	654	760	826	681	634	771	834	691	725	1,057	1,187	867	1,000
Operating Margin (%)	9.5	16.4	17.02	11.77	5.38	12.83	15.95	4.78	6.4	22.94	27.79	-6.68	-2.85
Depreciation Expense	- -	- -	88	101	80	91	87	96	106	99	100	103	109
Net Income, GAAP	38	88	111	55	95	68	99	6	20	221	270	-80	-69
Effective Tax Rate (%)	- -	- -	2.04	2.98	1.36	2.03	2.71	12.93	18.29	3.05	5.28	- -	63.12
Profit Margin (%)	5.79	11.52	13.47	8.09	14.96	8.84	11.93	0.89	2.78	20.87	22.72	-9.26	-6.85
Working Capital	- -	59	-84	32	18	45	105	54	39	396	529	173	687
LT Debt	440	456	321	428	390	358	360	381	335	439	433	367	294
Total Equity	470	533	603	625	693	722	751	731	752	983	1,182	1,068	1,645
Return on Invested Capital (%)	- -	9.91	10.65	5.42	2.32	6.76	9.25	2.06	2.7	15.42	18.31	- -	- -
Return on Capital (%)	- -	11.58	13.55	5.53	8.95	6.89	9.43	2.1	2.6	16.31	17.93	- -	0.95
Return on Common Equity (%)	- -	- -	40.41	9.85	15.89	10.68	15.03	0.92	3.04	28.55	28.22	-8.16	-6.65

Year	Q1	Q2	Q3	Q4	FY
2022	1.04	1.48	0.81	- -	4.05
2023	-0.1	-0.3	-0.27	- -	-1.2
2024	-0.21	0.05	-0.21	- -	- -

Middle East Company for Manufacturing and Producing Paper

Growth Rates

(avg. rate of change)

Company Description

Growth Rates

(avg. rate of change)

Capital Structure

Quarterly Revenue

Year

Working Capital

Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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