2040.SR
Fallen FavouriteSaudi Ceramic Company · Industrials · Saudi Arabia · $549M cap · $1.6M/day traded
SAR 20.67 +1.0% · close 5 Nov · scored 7 Nov
Fallen Favourite: A good business, still expensive, and its momentum is weak.
As of 7 Nov 2026, the MoatMap Score for Saudi Ceramic Company (2040.SR) is 50/100, ranked against 25,000+ stocks in 38 markets (Quality 54, Value 48, Momentum 42, each scored against its sector).
Does the score work? Each tenth of the ranking, tracked monthly. See the record →
ABOUT SAUDI CERAMIC COMPANY
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Saudi Ceramic Company engages in the production and sale of ceramic products, water heaters, and related component in Saudi Arabia and internationally.
FINANCIAL SUMMARY (SAR)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.5B | 1.3B | 1.3B | 1.5B | 0.1% | 1.7B | 1.6B | 1.7B | 5.3% |
| EPS (SAR) | 1.74 | -2.33 | -0.72 | 1.81 | 1.2% | 0.93 | 1.08 | 1.08 | -22.7% |
| Shares | 100.0M | 100.0M | 100.0M | 99.7M | -0.3% | 99.7M | — | — | — |
| Debt | 746.6M | 891.9M | 833.1M | 850.8M | 4.5% | 850.8M | — | — | — |
| Equity | 1.7B | 1.5B | 1.4B | 1.6B | -3.9% | — | — | — | — |
| Op CF | 189.5M | 133.0M | 309.2M | 115.7M | -15.2% | 250.1M | — | — | — |
| Inv CF | -87.5M | -181.5M | -181.5M | 8.2M | — | — | — | — | — |
| Fin CF | -141.0M | 42.6M | -149.1M | -117.7M | — | — | — | — | — |
Made a new 52-week low 8 trading days ago, 34% below its 52-week high. The fall has not stopped yet.
Calmer than 70% of stocks we rank over the past year (volatility 31% a year).
How this is worked out
The MoatMap Score weighs the business, its price and its trend. The price check reads only the chart: the price side of the Momentum score, in words.
The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn (the Turning up rule above) cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: how much the price moved day to day over the past year, scaled to a yearly figure (annualised volatility) and ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Industrials, ranked by industry match, size, and score similarity. Cross-listings of 2040.SR are excluded.
| Ticker | Company | Mkt Cap | Score |
|---|---|---|---|
| 2040.SR | Saudi Ceramic Company(you) | $549M | 50 |
| 1302.SR | Bawan Company | $405M | 54 |
| 2240.SR | Advanced Building Industries Co. | $388M | 40 |
| 4145.SR | Al Obeikan Glass Company | $190M | 60 |
| 1301.SR | United Wire Factories Company | $126M | 63 |
| 4144.SR | Raoom trading Company | $222M | 23 |
| 2160.SR | The Saudi Arabian Amiantit Company | $110M | 7 |
| 2360.SR | Saudi Vitrified Clay Pipe Company | $54M | 6 |
| 1831.SR | Maharah for Human Resources Company | $530M | 64 |
| 4260.SR | United International Transportation Company | $727M | 60 |
Peer medians: ROE 12.7% · P/E 13.7x · Gross margin 19.2%
Company Deep Dive
A 10,000-word report: the business and its segments, what management promised on earnings calls and whether it delivered, the competition, and how things could turn out.