Risk factor
Sufficiently resilient to price shocks
Profitability factor
Very low or no dividends
About
Tourism Enterprises Co. specializes in overseeing a variety of commercial and hospitality properties across the Kingdom of Saudi Arabia. The firm's extensive management portfolio encompasses facilities such as vacation chalets, motels, hotels, recreational parks, dining establishments, urban developments, play areas, aquatic centers, rest stops, and central service hubs, in addition to other related offerings. A key asset under its direct ownership and operation is the Palm Beach Resort. The company was established in 1991 and maintains its primary base of operations in Dammam, Saudi Arabia.
Company Valuation
Based on key historical and expected multiples, the stock is overvalued relative to its peers. In particular, the stock is overvalued on P/FCF.