Saudi Research and Media Group SJSC

The company maintains a capital structure with total assets of 7.24 billion SAR and total liabilities of 4.34 billion SAR, resulting in total equity of 2.91 billion SAR. The debt-to-equity ratio stands at 0.34, indicating moderate leverage, while the current ratio of 0.9 suggests potential short-term liquidity constraints. Cash and equivalents amount to 210.2 million SAR, which is insufficient to cover long-term debt of 991.5 million SAR, resulting in negative net cash. Operating cash flow is negative at -86.1 million SAR, and free cash flow is -237.0 million SAR, reflecting cash outflows from operations and capital expenditures of 86.8 million SAR.

Profitability metrics are negative, with a return on equity of -12.6% and a return on assets of -5.06%. The company reported a net loss of 366.3 million SAR on revenue of 2.67 billion SAR, with an operating loss of 440.2 million SAR. Gross profit is 275.8 million SAR, indicating a gross margin of approximately 10.3%, which is low for the media sector. The significant operating loss suggests high operating expenses relative to revenue, impacting overall profitability.

Revenue concentration and segment details are not provided in the available data, preventing a detailed analysis of revenue mix by segment or geography. The company's activity is broadly classified as media, but specific product or service lines are not disclosed in the input data.

Growth trajectory cannot be assessed due to the absence of historical period data for revenue and net income trends. The current financial snapshot shows a single period's performance, lacking the multi-year context necessary to evaluate growth rates or trends.

Risk assessment indicates medium liquidity risk and low dilution risk. Key flags highlight that net cash is negative after subtracting total debt, which poses a liquidity concern. The current ratio of 0.9 further supports the medium liquidity risk rating, as the company may face challenges in meeting short-term obligations.

Recent events include analyst estimates with a mean price target of 80.00 SAR and a mean recommendation of 3.00, indicating a hold rating. There are no strong buy or buy recommendations, with only one hold recommendation recorded. No specific filing, news, or transcript observations are provided in the input data.

Analysts project a modest 2.3% upside to a target price of 80 SAR, suggesting limited near-term downside risk.

The company maintains a low debt-to-equity ratio of 0.34, indicating a conservative capital structure relative to peers.

Dilution risk is assessed as low, providing some protection for existing shareholders against equity value erosion.

Net income plummeted to a loss of 366 million SAR in FY2026, marking a severe deterioration in profitability.

Free cash flow turned negative at -237 million SAR in FY2026, raising concerns about the company's liquidity generation.

Operating margin fell to -16.5%, placing the company in the bottom quartile compared to its peer cohort.

Revenue SAR 635.3M, −15,0% YoY; Operating income −316,8% YoY.

• ▍Revenue SAR 635.3M, −15,0% YoY
• ▍Operating income −316,8% YoY
• ▍Net income −210,3% YoY
• ▍Free cash flow −235,7% YoY
• ▍Net margin -56.2%

Revenue SAR 682.7M, −19,8% YoY; Operating income −116,9% YoY.

• ▍Revenue SAR 682.7M, −19,8% YoY
• ▍Operating income −116,9% YoY
• ▍Net income −120,5% YoY
• ▍Free cash flow −114,2% YoY
• ▍Net margin -4.5%

Revenue SAR 689.3M, −18,9% YoY; Operating income −89,3% YoY.

• ▍Revenue SAR 689.3M, −18,9% YoY
• ▍Operating income −89,3% YoY
• ▍Net income −112,0% YoY
• ▍Free cash flow −69,8% YoY
• ▍Net margin -1.4%

Revenue SAR 650.8M; Operating income SAR 48.7M.

• ▍Revenue SAR 650.8M
• ▍Operating income SAR 48.7M
• ▍Net margin 4.8%

Revenue SAR 747.1M; Operating income -SAR 112.6M.

• ▍Revenue SAR 747.1M
• ▍Operating income -SAR 112.6M
• ▍Net margin -15.4%

Revenue SAR 850.9M; Operating income SAR 163.4M.

• ▍Revenue SAR 850.9M
• ▍Operating income SAR 163.4M
• ▍Net margin 17.4%

Revenue SAR 850.5M; Operating income SAR 81.7M.

• ▍Revenue SAR 850.5M
• ▍Operating income SAR 81.7M
• ▍Net margin 9.6%

Revenue SAR 2.67B, −18,1% YoY; Operating income −271,0% YoY.

• ▍Revenue SAR 2.67B, −18,1% YoY
• ▍Operating income −271,0% YoY
• ▍Net income −281,6% YoY
• ▍Free cash flow −176,6% YoY
• ▍Net margin -13.7%

Revenue SAR 3.26B, −12,9% YoY; Operating income −55,7% YoY.

• ▍Revenue SAR 3.26B, −12,9% YoY
• ▍Operating income −55,7% YoY
• ▍Net income −64,0% YoY
• ▍Free cash flow −44,6% YoY
• ▍Net margin 6.2%

Revenue SAR 3.75B, +1,0% YoY; Operating income −22,3% YoY.

• ▍Revenue SAR 3.75B, +1,0% YoY
• ▍Operating income −22,3% YoY
• ▍Net income −13,7% YoY
• ▍Free cash flow −15,4% YoY
• ▍Net margin 14.9%