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Saudi Ground Services Company (4031.SR)

SAR28.20 -0.34 (-1.19%)
SA SAU Industrials Airlines, Airports & Air Services
Address Al Yasamin Commercial Center 21572
Jeddah, Makkah Province, SA
CEO Mohammad Bin Abdul Karim Mazi
IPO 2015-12-21
ISIN SA13R051UVH9

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Description

Saudi Ground Services Company (SGS) delivers a comprehensive range of essential ground handling and support services to airlines and passengers across the Kingdom of Saudi Arabia. Its extensive offerings include diverse passenger services such as efficient station management, gate operations, specialized assistance for passengers with reduced mobility, VIP and deportee handling, enhanced security protocols, flight operations coordination, seamless arrival and transfer processes, check-in, passenger manifest and seat allocation, management of excess baggage, and the issuance of boarding passes and baggage tags, along with critical load control and crew handling. SGS is also responsible for meticulous baggage handling, encompassing assembly, sorting, reconciliation, transportation, and the operation of baggage reconciliation systems, in addition to loading and unloading services. The company provides vital ramp operations, including aircraft turnaround coordination, ground-to-cockpit communication, marshaling, supervision of aircraft loading, provision of ground power and air conditioning units, push-back procedures, unit load device control, air starter units, aircraft towing, and wing-walker services. Furthermore, SGS offers specialized cargo services, comprehensive fleet solutions like cabin grooming, deep cleaning, and disinfection, alongside turnaround cleaning and water/toilet servicing. It manages traffic control and intricate load control activities, which involve detailed load planning, precise aircraft weight and balance calculations, messaging, telecommunications, and the issuance of loading instruction reports and captain notifications. The company also extends representation and supervision services. Established in 2008 and headquartered in Jeddah, Saudi Arabia, Saudi Ground Services Company oversees operations at 28 airports nationwide and operates as a subsidiary of the Saudi Arabian Airlines Corporation.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
SAR28.20 -0.34 (-1.19%)
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Volume Profile
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Liquidity & share structure
Average Volume
608.9K
Beta
0.08
Float Shares
89.29M
Free Float %
47.5%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.00% +0.00% -1.07% +3.09% -20.71% -13.72% -32.86% -1.97% -15.35% -32.70% -43.05%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
28.20
DCF (Unlevered) 343.21 +1,117.1%
DCF (Levered) 512.31 +1,716.7%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 50% Bullish
Rating 2026-05 Change
Strong Buy 0 -1
Buy 2 +1
Hold 2 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
3.38
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
5 / 10
Developing
Operational MOAT
✗ Below peers
  • Revenue growth Airlines, Airports & Air Services: +6.5%
    +1.7% Q1'26: +0.1% (vs Q1'25)
  • EPS growth Airlines, Airports & Air Services: +12.5%
    +23.6% Q1'26: -38.5% (vs Q1'25)
  • FCF margin FCF growth · Airlines, Airports & Air Services: -2.8%
    +11.7% Q1'26: +25.2% (vs Q1'25)
  • EBIT margin Airlines, Airports & Air Services: +10.3%
    +10.5% Q1'26: +2.3% (vs Q1'25)
  • ROIC Airlines, Airports & Air Services: +6.0%
    +13.6% Q1'26: +3.3% (vs Q1'25)
  • Share dilution Airlines, Airports & Air Services: +0.0%
    +0.0% Q1'26: +0.5% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Airlines, Airports & Air Services: 1.43×
    0.36× Q1'26: 0.70× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.09) × ERP
WACC = 97% × Ke + 3% × Kd (7.3%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 343.21 Current price: 28.20
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
3 Rev. Ana.
1 EPS Ana.
Dec 2027
2 Rev. Ana.
2 EPS Ana.
Dec 2028
2 Rev. Ana.
2 EPS Ana.
Dec 2029
1 Rev. Ana.
1 EPS Ana.
Dec 2030
1 Rev. Ana.
Revenue
2.54B
est: 2.52B (+1.0%)
2.73B
est: 2.81B (-3.0%)
2.59B
est: 2.89B (-10.6%)
2.55B
est: 2.58B (-1.0%)
2.54B
est: 2.52B (+0.8%)
1.25B
est: 1.25B (0.0%)
1.61B
est: 1.97B (-18.3%)
1.98B
est: 1.93B (+2.6%)
2.46B
est: 2.61B (-5.7%)
2.68B
est: 2.67B (+0.4%)
2.73B
est: 2.75B (-0.9%)
2.69B
2.47B – 2.99B
-2.5% YoY
2.95B
2.88B – 3.03B
+10.0% YoY
3.26B
3.09B – 3.48B
+10.3% YoY
3.59B
3.40B – 3.83B
+10.2% YoY
4.08B
3.87B – 4.36B
+13.8% YoY
EBITDA
745.11M
est: 128.72M (+478.9%)
795.06M
est: 143.76M (+453.0%)
616.44M
est: 147.96M (+316.6%)
530.29M
est: 131.95M (+301.9%)
667.36M
est: 128.87M (+417.8%)
-220.14M
est: 64.05M (-443.7%)
20.41M
est: 100.68M (-79.7%)
115.58M
est: 98.54M (+17.3%)
483.12M
est: 912.37M (-47.0%)
440.21M
est: 935.37M (-52.9%)
476.63M
est: 963.59M (-50.5%)
939.57M
865.03M – 1.04B
-2.5% YoY
1.03B
1.01B – 1.06B
+10.0% YoY
1.14B
1.08B – 1.22B
+10.3% YoY
1.26B
1.19B – 1.34B
+10.2% YoY
1.43B
1.35B – 1.52B
+13.8% YoY
EBIT
595.63M
est: -110.94M (+636.9%)
704.47M
est: -123.91M (+668.5%)
622.27M
est: -127.52M (+588.0%)
371.16M
est: -113.73M (+426.3%)
461.46M
est: -111.08M (+515.4%)
-417.02M
est: -55.21M (-655.4%)
-188.07M
est: -86.78M (-116.7%)
-47.06M
est: -84.93M (+44.6%)
300.59M
est: 839.85M (-64.2%)
313.38M
est: 861.02M (-63.6%)
285.88M
est: 887.00M (-67.8%)
864.89M
796.28M – 961.37M
-2.5% YoY
951.18M
927.68M – 974.69M
+10.0% YoY
1.05B
995.04M – 1.12B
+10.3% YoY
1.16B
1.10B – 1.23B
+10.2% YoY
1.31B
1.25B – 1.40B
+13.8% YoY
Net Income
621.07M
est: 620.40M (+0.1%)
685.83M
est: 783.96M (-12.5%)
501.50M
est: 765.75M (-34.5%)
368.43M
est: 412.82M (-10.8%)
423.35M
est: 412.66M (+2.6%)
-454.30M
est: -454.96M (+0.1%)
-254.41M
est: 52.48M (-584.8%)
-244.49M
est: -86.42M (-182.9%)
211.48M
est: 271.10M (-22.0%)
327.03M
est: 308.32M (+6.1%)
404.71M
est: 410.25M (-1.4%)
331.43M
306.09M – 356.77M
-19.2% YoY
428.50M
417.36M – 439.92M
+29.3% YoY
501.02M
500.08M – 501.96M
+16.9% YoY
554.60M
517.46M – 603.13M
+10.7% YoY
— – —
-100.0% YoY
SGA
183.61M
est: 206.27M (-11.0%)
216.76M
est: 230.37M (-5.9%)
351.63M
est: 237.10M (+48.3%)
85.82M
est: 211.45M (-59.4%)
58.71M
est: 206.52M (-71.6%)
88.03M
est: 102.64M (-14.2%)
111.38M
est: 161.34M (-31.0%)
79.90M
est: 157.90M (-49.4%)
232.07M
est: 225.58M (+2.9%)
363.75M
est: 231.27M (+57.3%)
253.45M
est: 238.25M (+6.4%)
232.31M
213.88M – 258.22M
-2.5% YoY
255.49M
249.17M – 261.80M
+10.0% YoY
281.78M
267.27M – 300.75M
+10.3% YoY
310.41M
294.42M – 331.30M
+10.2% YoY
353.13M
334.94M – 376.90M
+13.8% YoY
EPS
3.30
est: 3.30 (+0.0%)
3.65
est: 4.17 (-12.5%)
2.67
est: 4.07 (-34.4%)
1.96
est: 2.20 (-10.7%)
2.25
est: 2.20 (+2.5%)
-2.42
est: -2.42 (+0.0%)
-1.35
est: 0.28 (-583.6%)
-1.30
est: -0.46 (-182.6%)
1.12
est: 1.44 (-22.3%)
1.74
est: 1.62 (+7.2%)
2.15
est: 2.16 (-0.5%)
1.75
1.63 – 1.90
-19.2% YoY
2.28
2.22 – 2.34
+30.7% YoY
2.67
2.66 – 2.67
+16.9% YoY
2.95
2.75 – 3.21
+10.7% YoY
— – —
-100.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-21 B+ 3/5 1/5 4/5 5/5 3/5 3/5 3/5
2026-05-20 B+ 3/5 1/5 4/5 5/5 3/5 3/5 3/5
2026-05-19 B+ 3/5 1/5 4/5 5/5 3/5 3/5 3/5
2026-05-18 B+ 3/5 1/5 4/5 5/5 3/5 3/5 3/5
2026-05-17 B+ 3/5 1/5 4/5 5/5 3/5 3/5 3/5
2026-05-14 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-05-13 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-05-12 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-05-11 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-05-10 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-05-07 B+ 3/5 1/5 4/5 5/5 3/5 3/5 3/5
2026-05-06 B+ 3/5 1/5 4/5 5/5 3/5 3/5 3/5
2026-05-05 B+ 3/5 1/5 4/5 5/5 3/5 3/5 3/5
2026-05-04 B+ 3/5 1/5 4/5 5/5 3/5 3/5 3/5
2026-05-03 B+ 3/5 1/5 4/5 5/5 3/5 3/5 3/5
2026-04-30 B+ 3/5 1/5 4/5 5/5 3/5 3/5 3/5
2026-04-29 B+ 3/5 1/5 4/5 5/5 2/5 3/5 3/5
2026-04-28 B+ 3/5 1/5 4/5 5/5 2/5 3/5 3/5
2026-04-27 B+ 3/5 1/5 4/5 5/5 2/5 3/5 3/5
2026-04-26 B+ 3/5 1/5 4/5 5/5 2/5 3/5 3/5
2026-04-23 B 3/5 1/5 4/5 5/5 2/5 3/5 2/5
2026-04-22 B 3/5 1/5 4/5 5/5 2/5 3/5 2/5
2026-04-21 B 3/5 1/5 4/5 5/5 2/5 3/5 2/5
2026-04-20 B 3/5 1/5 4/5 5/5 2/5 3/5 2/5
2026-04-19 B 3/5 1/5 4/5 5/5 2/5 3/5 2/5
2026-04-16 B 3/5 1/5 4/5 5/5 2/5 3/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
512.71M
OE per share TTM
2.72
Owner's Yield
8.67%
Maintenance CapEx ratio
36.05%
Maint CapEx / Avg PPE
32.2%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 60 ETFs in our universe

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
25.0K
Shares Outstanding
188.00M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Ahmed Jannah General Manager of Marketing & Sales male
Ahmed Mohammed AlZahri Acting Vice President of Human Resources male
Ayman Al Tawil General Manager of Corporate Governance & Compliance male
Mazen Gharib Dhaifallah Vice President of Corporate Affairs & Secretary of the Board male
Mohammad Bin Abdul Karim Mazi Chief Executive Officer male
Mohammed Al-Amoudi Acting Chief Financial Officer male
Mohammed Bakhribah Acting General Manager of Legal male
Moteb Saud Al-Zahrani Chief Executive Officer Consultant male
Omar Alamoudi Vice President of Operations male
Sultan Darwish Executive Vice President of Strategy, Transformation & Growth male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits