Risk factor
Poor trading liquidity
Profitability factor
Greatly undervalued vs peers
About
Established in 1998 and headquartered in Kuwait City, Al-Mazaya Holding Company - K.S.C. (Public) operates as a leading real estate development group, leveraging its subsidiaries. The company's core activities involve the construction of diverse properties, ranging from residential options like villa communities and apartments, to various commercial ventures such as office buildings, business centers, healthcare facilities, and retail and dining establishments. Beyond development, Al-Mazaya provides a comprehensive suite of services, including project oversight, marketing strategies, property administration, and portfolio management. It also offers expertise in real estate valuation, research, and brokerage. Furthermore, the company is actively involved in acquiring, owning, and selling land, and it manages, invests in, leases, and rents a broad spectrum of assets including hotels, health clubs, recreational parks, exhibition venues, restaurants, and both residential and commercial complexes and resorts. Al-Mazaya maintains a significant operational presence across Kuwait, the United Arab Emirates, Saudi Arabia, Oman, Turkey, and Bahrain.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers. In particular, the stock is underpriced on P/E, 'cheap' on EV/EBIT