Hajras · هجرس

Hajras

Equity Research Report

Naqi Water

2282 · TASI — Main Market · 2026-07-29

Snapshot

Price53.20 SAR

Market cap1.06B SAR

P/E35.25×

P/B3.88×

ROE11.02%

Dividend yield0.94%

Revenue CAGR-7.58%

Valuation (Hajras)

Fair value18.68 SAR

Ratingovervalued

Upside/(downside)-64.88%

DCF18.15

DDM6.90

Graham23.89

Discount rate10.46%

DCF growth8.00%

Financials

SAR	FY21	FY22	FY23	FY24
Revenue	277.82M	284.29M	238.82M	219.34M
Net income	77.28M	48.71M	42.95M	30.18M
EPS	3.86	2.44	2.15	1.51
DPS	1.70	0.50	2.00	0.50
Equity	207.93M	249.48M	253.13M	273.92M

This report is for informational purposes only and is not investment advice. Sources: Hajras valuation & financials, Yahoo/SEC EDGAR, and investment-house targets.