Risk factor
Very vulnerable to price shocks
Profitability factor
Very low or no dividends
About
Established in Jeddah, Saudi Arabia, in 1992, Saudi Industrial Development Co. manages a broad range of operations. Its primary business involves the production and distribution of mattresses and various sponges, including specialized pressure sponges, along with mattress frames, beds, and related accessories, serving customers both domestically and globally. The company also maintains a significant presence in wholesale and retail trade, offering a wide selection of building essentials such as cement, gypsum, natural and engineered marbles, piping, kitchen fittings, ceramic tiles, faience, porcelain, tools, and sanitary installations. Their retail offerings extend to furniture, home decor items, wooden products, office and household equipment, luxury goods, bathroom fixtures, clothing, carpets, rugs, silverware, crystal, traditional jewelry, and precious stones. Additionally, Saudi Industrial Development Co. is active in general contracting for a diverse portfolio of projects, including residential, commercial, governmental, industrial, and healthcare complexes. The company further diversifies its manufacturing into tire components, seat covers, polyester for mattress padding, toiletries, ceramic wall and floor tiles, and acrylic bathtubs.
Company Valuation
From both historical and forecast perspectives, the stock is overpriced compared to similar stocks.