Coast Investment & Development Company KSCP

Coast Investment & Development Company KSCP has a strong liquidity position, as evidenced by a current ratio of 5.77, indicating that the company holds significantly more current assets than current liabilities. The company's liquidity is further supported by cash and equivalents of 3,232,440 KWD, which provides a buffer against short-term obligations. However, the company has negative operating and free cash flows, at -960,700 KWD and -246,120 KWD respectively, which may signal challenges in generating sustainable cash from operations.

Profitability metrics are negative, with a return on equity of -0.43% and a return on assets of -0.42%, both significantly below the industry median for Diversified Investment Services. These figures suggest that the company is not effectively utilizing its equity or assets to generate returns, which could be a concern for investors. The company's operating income is negative at -178,420 KWD, and its net income is also negative at -218,520 KWD, indicating a loss-making position.

The company's revenue is concentrated in a single segment, as no segmental breakdown is provided in the available data. Geographically, the company is based in Kuwait, and there is no indication of significant international operations. This lack of diversification could expose the company to regional economic risks, particularly in the financial services sector.

The company's growth trajectory is uncertain, as the most recent actual revenue of 2,928,000 KWD is significantly lower than the reported revenue of 165,190 KWD. This discrepancy may reflect a change in reporting periods or a significant decline in performance. The company's capital expenditures are minimal at -29,470 KWD, suggesting a conservative approach to asset investment.

Risk factors for the company include its negative profitability and cash flow metrics, which could impact its ability to sustain operations and meet obligations. The company has no long-term debt, which is a positive factor, but the absence of debt also suggests limited leverage to amplify returns. The risk assessment indicates low liquidity and dilution risk, with no immediate filing-based flags detected.

Recent events include the disclosure of a negative EPS of -0.02 KWD and a revenue of 2,928,000 KWD, which may reflect a challenging operating environment for the company. There are no recent filings or transcripts indicating significant strategic changes or operational disruptions.

The company maintains a zero debt-to-equity ratio, ranking above the cohort median and indicating a strong, unencumbered balance sheet.

Cash conversion of 4.4 is best-in-class compared to the cohort median of 0.45, demonstrating superior cash generation efficiency.

Total assets remained stable with only a 0.4% year-over-year decline, suggesting resilience in the balance sheet size.

Equity declined by just 0.2% year-over-year, indicating minimal erosion of shareholder capital despite recent operational challenges.

Dilution and liquidity risks are assessed as low, providing a stable structural foundation for long-term investors.

Operating margin of -1.08% places the company in the bottom quartile of the diversified investment services cohort.

Return on equity of -0.43% ranks in the bottom quartile, indicating poor capital efficiency relative to peers.

The company faces a high credit risk flag, suggesting potential vulnerabilities in its asset quality or counterparty exposures.

Revenue KWD 1.2M, −18,4% YoY; Operating income −24,2% YoY.

• ▍Revenue KWD 1.2M, −18,4% YoY
• ▍Operating income −24,2% YoY
• ▍Net income −21,7% YoY
• ▍Free cash flow −20,6% YoY
• ▍Net margin 72.1%

Revenue KWD 477.7k, −37,2% YoY; Operating income −11,1% YoY.

• ▍Revenue KWD 477.7k, −37,2% YoY
• ▍Operating income −11,1% YoY
• ▍Net income −17,5% YoY
• ▍Free cash flow +124,6% YoY
• ▍Net margin 89.9%

Revenue -KWD 333.8k, +45,8% YoY; Operating income +36,1% YoY.

• ▍Revenue -KWD 333.8k, +45,8% YoY
• ▍Operating income +36,1% YoY
• ▍Net income +44,5% YoY
• ▍Free cash flow +45,5% YoY
• ▍Net margin 157.7%

Revenue KWD 760.5k; Operating income KWD 484.5k.

• ▍Revenue KWD 760.5k
• ▍Operating income KWD 484.5k
• ▍Net margin 68.4%

Revenue -KWD 615.4k; Operating income -KWD 931.8k.

• ▍Revenue -KWD 615.4k
• ▍Operating income -KWD 931.8k
• ▍Net margin 154.2%

Revenue KWD 1.4M, −21,4% YoY; Operating income −12,7% YoY.

• ▍Revenue KWD 1.4M, −21,4% YoY
• ▍Operating income −12,7% YoY
• ▍Net income +21,3% YoY
• ▍Free cash flow +128,3% YoY
• ▍Net margin 38.4%

Revenue KWD 1.8M, +7,6% YoY; Operating income −80,3% YoY.

• ▍Revenue KWD 1.8M, +7,6% YoY
• ▍Operating income −80,3% YoY
• ▍Net income −83,5% YoY
• ▍Free cash flow −670,5% YoY
• ▍Net margin 24.9%

Revenue KWD 1.6M, −54,5% YoY; Operating income −3,8% YoY.

• ▍Revenue KWD 1.6M, −54,5% YoY
• ▍Operating income −3,8% YoY
• ▍Net income +2,9% YoY
• ▍Free cash flow −2,2% YoY
• ▍Net margin 162.0%