Ash-Sharqiyah Development Co.

Ash-Sharqiyah Development Co. (6060) is a Saudi Arabian company operating in the consumer defensive sector, specifically within the farm products industry. The company is primarily engaged in agricultural development, including the production and distribution of various farm products. It focuses on leveraging Saudi Arabia's agricultural potential to contribute to food security and local production. The company's operations are centered in the Eastern Province (Ash-Sharqiyah) of Saudi Arabia, where it manages agricultural projects and related activities.

The company generates revenue primarily from the sale of agricultural products, such as crops and livestock. Its business model involves farming, harvesting, and distributing fresh produce to local markets. The recent quarterly revenues show fluctuations, with 2025Q3 reporting the highest at 76.60M SAR, while 2026Q1 and 2025Q4 were around 55M SAR. The company has a low gross margin of 7.78% and negative operating and profit margins, indicating cost pressures. However, revenue grew 22.97% year-over-year, and earnings improved significantly by 104.82%, suggesting recent operational improvements.

In the farm products industry, Ash-Sharqiyah Development competes with other agricultural firms in Saudi Arabia. The sector is characterized by high capital intensity, exposure to weather conditions, and government support for food security. The company's market cap is 365.10M SAR, with a price-to-book ratio of 1.06, indicating it is valued close to its book value. However, its EV/EBITDA is highly negative (-701.80) due to low EBITDA relative to enterprise value, and its free cash flow yield is negative (-14.71%), reflecting cash flow challenges.

The company's primary customers are local consumers, food processors, and retailers in Saudi Arabia. Its geographic market is predominantly domestic, focusing on supplying fresh agricultural products to meet local demand. The company's target audience includes households and businesses seeking locally sourced farm products. Given Saudi Arabia's Vision 2030 goals to enhance food security and reduce imports, Ash-Sharqiyah Development is well-positioned to benefit from increased local production initiatives.

An auto-generated descriptive profile based on company data, for informational purposes only.