Middle East Specialized Cables Company (2370.SR)

Saudi Arabia · Industrial & Consumer Products · SAR

Key financials

ROE: 20.27%; 2025 (actual)
ROA: 9.64%; 2025 (actual)
Gross Margin: 16.02%; 2025 (actual)
Net Margin: 6.86%; 2025 (actual)
Total Assets: SAR 1,180.83M; 2025 (actual)
Net Income: SAR 101.66M; 2025 (actual)
Valuation: SAR 836.11M; 2026 (forecast)
Stock Price: SAR 20.85; 2026 (forecast)

Historical & projected performance

Reported figures and Equlion model projections for the next 5 years.

Metric	2025 (actual)	2026 (forecast)	2027	2028	2029	2030	2031
ROE	20.27%	24.37%	24.47%	24.56%	23.91%	21.63%	18.52%
Sector average	-	-11.95%	15.22%	13.8%	12.51%	11.46%	28.66%
ROA	9.64%	9.99%	9.64%	10.36%	10.59%	10.16%	9.35%
Sector average	-	3.75%	3.72%	3.27%	2.75%

Amounts in SAR (millions); stock price per share. Values that are missing or fail Equlion's automated data-quality checks are shown as “-”. Stock price and valuation carry no data date: they are the Equlion model's estimate for 2026. Projections are model estimates, not investment advice.

Want the full financial forecast report for Middle East Specialized Cables Company? It covers the balance sheet, income statement and Equlion model projections.

Gross Margin	16.02%	16.22%	16.22%	16.22%	16.22%	16.22%	16.22%
Sector average	-	22.74%	22.74%	22.74%	22.74%	22.8%	13.95%

Net Margin	6.86%	6.8%	7.02%	7.13%	7.28%	7.35%	7.4%
Sector average	-	11.68%	6.67%	1.87%	-0.24%	-1.86%	-13.44%

Total Assets	SAR 1,180.83M	SAR 1,515.02M	SAR 1,758.89M	SAR 2,151.66M	SAR 2,599.01M	SAR 3,022.47M	SAR 3,370.46M
Sector average	-	SAR 2,995.83M	SAR 3,243.67M	SAR 3,709.28M	SAR 4,233.87M	SAR 4,702.29M	SAR 5,898.81M

Net Income	SAR 101.66M	SAR 134.60M	SAR 157.80M	SAR 202.57M	SAR 251.49M	SAR 285.59M	SAR 298.73M
Sector average	-	SAR 151.88M	SAR 175.76M	SAR 200.74M	SAR 231.05M	SAR 246.54M	SAR 264.63M

Valuation	-	SAR 836.11M	SAR 856.74M	SAR 872.87M	SAR 884.17M	SAR 895.01M	SAR 911.31M
Sector average	-	SAR 2,721.04M	SAR 2,765.32M	SAR 2,769.15M	SAR 2,831.43M	SAR 2,973.61M	SAR 3,299.54M

Stock Price	-	SAR 20.85	SAR 21.37	SAR 21.77	SAR 22.05	SAR 22.32	SAR 22.73
Sector average	-	SAR 34.54	SAR 35.26	SAR 36.32	SAR 37.58	SAR 39.29	SAR 42.24