Saudi Arabian Mining Company SJSC
Saudi Arabian Mining Company (Ma'aden) operates as a diversified mining and industrial materials producer in the Basic Materials sector, generating revenue through the extraction and processing of minerals and metals.
Business. Saudi Arabian Mining Company SJSC (1211.SE) is a metals and mining company listed on the Tadawul exchange. The firm operates within the Basic Materials sector, specifically focusing on mineral resources. Headquarters and detailed segment or geographic breakdowns are not provided in the available data. Consequently, the company is described at the industry level as a participant in the metals and mining space.
Analyst recommendations
12 analysts · consensus HoldAt a glance
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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
Signals & dispatch
Composite-score breakdown
Synthesis
Saudi Arabian Mining Company SJSC (1211.SE) is a metals and mining company listed on the Tadawul exchange. The firm operates within the Basic Materials sector, specifically focusing on mineral resources. Headquarters and detailed segment or geographic breakdowns are not provided in the available data. Consequently, the company is described at the industry level as a participant in the metals and mining space.
(a) Capital structure and liquidity are defined by a debt-to-equity ratio of 0.55 and a current ratio of 1.54. Total assets stand at 119.76 billion SAR, supported by total equity of 61.59 billion SAR and total liabilities of 58.16 billion SAR. Long-term debt is 33.84 billion SAR, while cash and equivalents total 7.16 billion SAR, resulting in a negative net cash position. Operating cash flow is 10.93 billion SAR, and free cash flow is 6.13 billion SAR after capital expenditures of 6.90 billion SAR.
(b) Profitability metrics show a return on equity of 12.07% and a return on assets of 6.21%. The company generated net income of 7.35 billion SAR on revenue of 38.58 billion SAR. Operating income was 10.35 billion SAR, indicating strong operational leverage. Gross profit was 14.05 billion SAR. Without specific cohort median data provided in the input, these returns are assessed on absolute terms, showing a healthy margin profile for a capital-intensive mining operation.
- Strong profitability with 12.07% ROE and 6.21% ROA on a 38.58 billion SAR revenue base.
- Negative net cash position due to 33.84 billion SAR in long-term debt against 7.16 billion SAR in cash.
- Robust cash flow generation with 10.93 billion SAR operating cash flow and 6.13 billion SAR free cash flow.
- Moderate analyst sentiment with a mean recommendation of 2.83 and a mean price target of 67.75 SAR.
- Significant capital expenditure of 6.90 billion SAR indicates ongoing investment in mining operations.
- Low dilution risk with basic and diluted shares outstanding being identical at 3.88 billion.
Bull / Bear case
Generated · model-assistedNet income surged 155.9% year-over-year to SAR 7.35 billion in FY2026, demonstrating exceptional profitability growth.
Analysts project 9.2% upside to a mean price target of SAR 67.75, reflecting positive market sentiment.
Free cash flow grew 41.7% year-over-year to SAR 6.13 billion, supporting robust liquidity and investment capacity.
Debt-to-equity ratio of 0.55 places the company in the bottom quartile of its cohort, signaling high leverage risk.
Medium liquidity and credit risk flags suggest potential challenges in meeting short-term obligations or debt servicing.
The consensus recommendation is 'hold' with a wide target range, suggesting limited near-term catalysts for price appreciation.
In focus — financials by report
Revenue SAR 8.79B, +3,2% YoY; Operating income +11,1% YoY.
- ▍Revenue SAR 8.79B, +3,2% YoY
- ▍Operating income +11,1% YoY
- ▍Net income +5,5% YoY
- ▍Free cash flow +1,1% YoY
- ▍Net margin 18.6%
Revenue SAR 10.64B, +6,7% YoY; Operating income +170,9% YoY.
- ▍Revenue SAR 10.64B, +6,7% YoY
- ▍Operating income +170,9% YoY
- ▍Net income +1 681,7% YoY
- ▍Free cash flow +1 372,2% YoY
- ▍Net margin 15.7%
Revenue SAR 10.01B, +24,4% YoY; Operating income +75,5% YoY.
- ▍Revenue SAR 10.01B, +24,4% YoY
- ▍Operating income +75,5% YoY
- ▍Net income +127,0% YoY
- ▍Free cash flow +23,6% YoY
- ▍Net margin 22.0%
Revenue SAR 9.42B, +31,1% YoY; Operating income +44,3% YoY.
- ▍Revenue SAR 9.42B, +31,1% YoY
- ▍Operating income +44,3% YoY
- ▍Net income +87,7% YoY
- ▍Free cash flow +33,3% YoY
- ▍Net margin 20.4%
Revenue SAR 8.51B; Operating income SAR 2.28B.
- ▍Revenue SAR 8.51B
- ▍Operating income SAR 2.28B
- ▍Net margin 18.2%
Revenue SAR 9.97B; Operating income SAR 950.8M.
- ▍Revenue SAR 9.97B
- ▍Operating income SAR 950.8M
- ▍Net margin -1.1%
Revenue SAR 8.04B; Operating income SAR 1.67B.
- ▍Revenue SAR 8.04B
- ▍Operating income SAR 1.67B
- ▍Net margin 12.1%
Revenue SAR 7.18B; Operating income SAR 1.77B.
- ▍Revenue SAR 7.18B
- ▍Operating income SAR 1.77B
- ▍Net margin 14.3%
Revenue SAR 38.58B, +18,5% YoY; Operating income +65,5% YoY.
- ▍Revenue SAR 38.58B, +18,5% YoY
- ▍Operating income +65,5% YoY
- ▍Net income +155,9% YoY
- ▍Free cash flow +41,7% YoY
- ▍Net margin 19.0%
Revenue SAR 32.55B, +11,2% YoY; Operating income +63,9% YoY.
- ▍Revenue SAR 32.55B, +11,2% YoY
- ▍Operating income +63,9% YoY
- ▍Net income +82,0% YoY
- ▍Free cash flow +39,6% YoY
- ▍Net margin 8.8%
Revenue SAR 29.27B, −27,3% YoY; Operating income −72,2% YoY.
- ▍Revenue SAR 29.27B, −27,3% YoY
- ▍Operating income −72,2% YoY
- ▍Net income −83,1% YoY
- ▍Free cash flow −78,8% YoY
- ▍Net margin 5.4%
Revenue SAR 40.28B, +50,5% YoY; Operating income +85,2% YoY.
- ▍Revenue SAR 40.28B, +50,5% YoY
- ▍Operating income +85,2% YoY
- ▍Net income +78,3% YoY
- ▍Free cash flow +120,0% YoY
- ▍Net margin 23.1%
Valuation TTM
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 2,54 |
| Revenue | —no estimate | —no estimate | 42,2B SAR |
| Operating income | —no estimate | —no estimate | 13,9B SAR |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
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- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Cash Conversion Ratiooperating_cash_flow / net_income
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Return On Assetsnet_income / total_assets
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Saudi Arabian Mining Company SJSC Market data — financials · 2026-07-07
- Saudi Arabian Mining Company SJSC Market data — analyst estimates · 2026-07-07
- Saudi Arabian Mining Company SJSC Market data — ESG · 2026-07-07
- Saudi Arabian Mining Company SJSC — company reference export (2026-07-05) · 2026-07-07