← Market Overview

6017

Governance: C

JAHEZ

Jahez International Company for Information System Technology

12.30 SAR / Share

As of: May 28, 2026

14.2x P/E Ratio Trailing 12 Months

1.8x P/B Ratio Price to Book Value

— Dividend Yield Annual Dividend / Share

2.49B SAR Market Cap Total Valuation

0.83 Beta Systematic Risk Index

7.9% Net Margin Net Profit / Revenue

The Story

Jahez is a high-return platform business leveraging a dominant Saudi market position to expand into regional logistics and diversified e-commerce services.

Source: Q3 2025 (2025-11-19)

Value Creation +11.2% 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

—

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

+11.8%

Payout Ratio Percent of net profits distributed as dividends

—

Net Margin Net profit margin generated from total operational revenue

7.9%

ROIC Return on Invested Capital

18.3%

Market Pricing Multiples

P/E Ratio Market value compared to corporate net earnings

14.2x

P/B Ratio Market capitalization compared to corporate book value

1.8x

EV / EBITDA Operating multiple reflecting core operational leverage

10.7x

EV / SALES Asset pricing multiple relative to total topline revenue

0.7x

Growth Story

Revenue has scaled from 1.16 billion SAR in fiscal 2021 to 2.22 billion SAR TTM, reflecting a robust expansion strategy. The company maintains a sustainable growth rate of 16.26%, fueled by a high five-year average reinvestment rate of 64.41%. This growth is increasingly inorganic; the recent 876.8 million SAR acquisition of a 76.56% stake in Snoonu marks a significant push into the Qatari market. While delivery fees remain a core pillar, the growth story is shifting toward higher-margin segments like advertising and marketing revenue, which reached 74.4 million SAR in the first nine months of 2025, and the expansion of its logistics arm through vehicle lease additions.

Profitability Dynamics

Jahez demonstrates strong value creation with a five-year average ROIC of 25.25%, significantly exceeding its WACC of 7.14%. This 18.11% value gap highlights the efficiency of its platform-based model. TTM operating margins stand at 6.91%, with net profit margins slightly higher at 7.88% due to other income. Profitability is supported by a diverse revenue mix where high-margin commissions and advertising offset the lower-margin delivery fee segment. The company maintains a substantial cash position of 1.22 billion SAR, providing a buffer for its aggressive regional expansion and capital expenditures, such as the 150 million SAR investment in its new headquarters.

Risk & Capital Structure

Beta Systematic market risk indicator relative to the TASI index

0.83

Cost of Equity Minimum required rate of return demanded by shareholders

7.9%

WACC Weighted average cost of total debt and equity funding

7.1%

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

14.6%

Risk Factors

The risk profile is characterized by a low relevered beta of 0.84, suggesting lower volatility relative to the broader market. However, business-specific risks include the integration of large-scale acquisitions like Snoonu and the management of expanding lease liabilities, which reached 212.9 million SAR by September 2025. The company recently introduced 150 million SAR in Islamic debt to finance its main building, introducing debt service coverage covenants. Additionally, the competitive landscape necessitates high promotional spending, with promotional compensation and cash back totaling 155.4 million SAR in the first nine months of 2025, which can pressure net revenue realization.

Governance Disclosures

Rating: C

We track 5 key governance and oversight matters for this company in our database.

Significance: 5/10 Info Asymmetry

Commercial Transactions with Subsidiary Minority Shareholders

The Group conducts significant business with minority shareholders of its subsidiaries, including AlHilal Investing Company (collection on behalf of SAR 44.2M) and For AL Hilal trading Company (purchases of goods of SAR 15.9M).

Significance: 3/10 Tunneling