SISCO HOLDING

Sustained Infrastructure Holding Co.

34.70 SAR / Share

As of: May 28, 2026

13.3x P/E Ratio Trailing 12 Months

1.9x P/B Ratio Price to Book Value

2.3% Dividend Yield Annual Dividend / Share

2.83B SAR Market Cap Total Valuation

1.28 Beta Systematic Risk Index

12.6% Net Margin Net Profit / Revenue

The Story

SISCO Holding leverages its strategic port, logistics, and water infrastructure assets to deliver robust operating margins and consistent value creation above its cost of capital.

Source: Q1 2026 (2026-05-14)

Value Creation +8.9% Excess Return on Capital (Spread between ROIC/ROE and Cost of Capital)

Cash Flow Payback — Estimated years of operating cash flows required to cover Enterprise Value

Performance & Distributions

Dividend Yield Trailing annual dividends paid relative to share price

2.3%

Sustainable Growth Rate Rate at which company can grow internally using reinvested profits

+5.6%

Payout Ratio Percent of net profits distributed as dividends

30.7%

Net Margin Net profit margin generated from total operational revenue

12.6%

ROIC Return on Invested Capital

16.6%

Market Pricing Multiples

P/E Ratio Market value compared to corporate net earnings

13.3x

P/B Ratio Market capitalization compared to corporate book value

1.9x

EV / EBITDA Operating multiple reflecting core operational leverage

4.7x

EV / SALES Asset pricing multiple relative to total topline revenue

1.9x

Growth Story

Revenue has shown a resilient trajectory, recovering from 1.32 billion SAR in FY 2024 to 1.61 billion SAR in FY 2025, and reaching 1.69 billion SAR in the trailing twelve months (TTM). This expansion is supported by a 5-year average reinvestment rate of 33.43%. When combined with a strong 5-year average Return on Invested Capital (ROIC) of 16.62%, SISCO demonstrates a sustainable growth rate of 5.56%. This indicates a solid capacity to organically fund its long-term infrastructure expansions, such as port terminal upgrades and logistics facilities, without relying excessively on external dilutive financing.

Profitability Dynamics

SISCO's profitability is anchored by its ability to generate returns well above its cost of capital. The company's 5-year average ROIC of 16.62% comfortably exceeds its WACC of 7.74%, creating a positive value spread of 8.88%. This value creation is driven by strong operating efficiency, with a TTM operating margin of 25.93% (EBIT of 439.14 million SAR) and a net profit margin of 12.56%. Capital expenditures of 274.25 million SAR in the TTM highlight ongoing investments to maintain and enhance its asset base, ensuring that its port and water desalination operations continue to yield high-margin cash flows.

Risk & Capital Structure

Beta Systematic market risk indicator relative to the TASI index

1.28

Cost of Equity Minimum required rate of return demanded by shareholders

10.0%

WACC Weighted average cost of total debt and equity funding

7.7%

Debt-to-Equity Ratio Proportion of corporate funding financed by debt creditors

48.0%

Risk Factors

Operating in capital-intensive sectors like port management and water desalination exposes SISCO to significant leverage and operational risks. The company carries a total debt of 1.36 billion SAR against a cash balance of 938.01 million SAR, resulting in a net debt position that contributes to an enterprise value of 3.25 billion SAR. This leverage, combined with the cyclical nature of global trade and logistics, is reflected in a relevered beta of 1.28, indicating higher volatility relative to the broader market. Additionally, a negative working capital of 86.74 million SAR highlights short-term liquidity pressures that require careful cash management, though mitigated by steady operational cash inflows.