L'azurde Company for Jewelry SJSC
L'azurde Company for Jewelry SJSC operates in the jewelry sector within the Consumer Discretionary industry, generating revenue through the sale of luxury goods.
Business. L'azurde Company for Jewelry SJSC operates in the jewelry sector within the Consumer Discretionary industry, generating revenue through the sale of luxury goods.
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
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Synthesis
L'azurde Company for Jewelry SJSC operates in the jewelry sector within the Consumer Discretionary industry, generating revenue through the sale of luxury goods.
L'azurde Company for Jewelry SJSC maintains a capital structure characterized by high leverage relative to its equity base, with total liabilities of SAR 2.24 billion against total equity of SAR 245.7 million. The debt-to-equity ratio stands at 0.27, indicating that long-term debt of SAR 65.99 million is modest in absolute terms but significant relative to the thin equity cushion. Liquidity is tight, with a current ratio of 1.04, suggesting limited short-term buffer to meet obligations. The company reports negative net cash after subtracting total debt, highlighting a constrained liquidity position that requires careful management of working capital.
Profitability metrics reveal significant operational challenges, with a net loss of SAR 42.17 million resulting in a negative return on equity of -1.2% and a negative return on assets of -0.12%. The gross profit of SAR 211.85 million on revenue of SAR 2.90 billion implies a gross margin of approximately 7.3%, which is exceptionally low for the luxury goods sector, suggesting intense competitive pressure or high cost of goods sold. Operating income is minimal at SAR 16.96 million, indicating that operating expenses nearly consume the entire gross profit, leaving the company vulnerable to minor fluctuations in sales or costs.
- The company reports a net loss of SAR 42.17 million, driven by low gross margins and high operating expenses.
- Liquidity is tight with a current ratio of 1.04 and negative net cash after debt, posing medium liquidity risk.
- Operating cash flow is positive at SAR 46.25 million, but free cash flow is negative at SAR 23.68 million due to capital expenditures.
- The debt-to-equity ratio of 0.27 is manageable in absolute terms but significant relative to the small equity base.
- Classification confidence is low (0.20), and the absence of historical data limits trend analysis.
Bull / Bear case
Generated · model-assistedFree cash flow surged 229.7% year-over-year, demonstrating significant improvement in cash generation capabilities despite recent net losses.
Long-term debt decreased substantially from SAR 568 million in 2022 to SAR 33 million in 2023, strengthening the balance sheet.
The company maintains a low debt-to-equity ratio of 0.27, indicating conservative leverage compared to the cohort median of 0.4.
Dilution risk is assessed as low, providing reassurance to existing shareholders regarding potential equity erosion from new issuances.
The company reported a net loss of SAR 42 million in the latest period, marking a sharp decline from previous profitability.
Net margin of -0.13% places the company in the bottom quartile of its cohort, signaling severe profitability challenges.
Return on equity is negative at -1.2%, ranking in the bottom quartile and indicating poor returns for shareholders.
Cash conversion is -22.72, placing it in the bottom quartile and highlighting difficulties in converting earnings into cash.
In focus — financials by report
Revenue SAR 2.00B, +1,4% YoY; Operating income +5,1% YoY.
- ▍Revenue SAR 2.00B, +1,4% YoY
- ▍Operating income +5,1% YoY
- ▍Net income +55,0% YoY
- ▍Free cash flow −8,1% YoY
- ▍Net margin 1.7%
Revenue SAR 1.97B; Operating income SAR 81.5M.
- ▍Revenue SAR 1.97B
- ▍Operating income SAR 81.5M
- ▍Net margin 1.1%
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- Net cash is negative after subtracting total debt.
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- L'azurde Company for Jewelry SJSC Market data — financials · 2026-07-08