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NRE.KW$119.00+0.00%
Fair $119.00+0.0%

NRE.KW

National Real Estate Company - K.P.S.C.

Real Estate / Real Estate - DevelopmentKuwait

$119.00

+0.00 (+0.00%)

Fairly Valued+0.0%Fair Value $119.00Fund rank 24/100 · Data gapFallback financials|
SA 34/D
F-Score: 2/9
Declining RevenueLow Profitability

Book/ROE base 3Y

n/d

n/d CAGR · P/B n/d

Book/ROE base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 100% · confianza 20%

Book/ROE escenarios

weak_data · book/share n/d · quality 0.0/100

Data gap 24/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 11/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

34/100

D

Piotroski

2/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 2unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Sector-specific NAV/AFFO model required: REIT/real-estate targets are disabled until FFO/AFFO/NAV/cap-rate data exists. REIT NAV/AFFO valuation requires positive AFFO/share history or TTM AFFO/share; generic FCF remains disabled. Revenue has declined for 3 consecutive years ROE is -22.1%, below the 5% threshold
Thesis & Journal · NRE.KWLocal privado en este navegador · National Real Estate Company - K.P.S.C.
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$247M

P/E

N/A

•

EV/EBITDA

N/A

•

ROE

-22.1%

↓

Gross Margin

71.4%

↑

Debt/Equity

0.47

↓
52-Week Range$119
$63$111

TradingView lightweight chart

NRE.KW price, volumen y niveles de valoración

Último $108.00Periodo +63.2%
Fair value: $119.00

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2022–2025 · 3 años de histórico normalizado

Revenue CAGR

-48.6%

FCF CAGR

—

FCF margin

-102.3%

FCF / Net income

0.05x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $3.5M · net income $-72.4M · FCF $-3.6M

2022-FY → 2025-FY

Gross margin

71.4%+15.7% pts

Operating margin

-144.4%-178.0% pts

Net margin

-2045.5%-2114.3% pts

FCF margin

-102.3%-76.2% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$3.5M$3.5M$5.8M$12.4M$26.0M
Net Income$-72.4M$-72.4M$9.3M$-35.2M$17.9M
EBITDA$-63.3M$-63.3M$20.1M$-24.3M$26.9M
EPS-0.04-0.040.00-0.020.01
Gross Margin71.4%71.4%68.3%57.9%55.7%
Operating Margin-144.4%-144.4%-36.0%-53.3%33.5%
Net Margin-2045.5%-2045.5%161.2%-284.1%68.9%
Balance Sheet
Debt/Equity0.470.470.380.380.36
Current Ratio1.941.94———
Cash Flow
Free Cash Flow$-3.6M$-3.6M$-128620.00$240006.00$-6.8M
Returns
ROE-22.1%-22.1%2.5%-10.2%5.1%
Valuation
P/E——16186.27—11428.96
EV/EBITDA——7511.39—7634.31
P/B724.16724.16403.36382.39578.12
Growth & Yield
Revenue Growth-38.7%-38.7%-53.4%-52.4%—
EPS Growth-879.4%-879.4%126.1%-294.2%—

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%
Reverse DCF requires positive EPS; loss-making or zero-EPS companies cannot produce a clean EPS hurdle.

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total +44.8%

Total return

+44.8%

Start / end P/E

n/dx → n/dx

EPS bridge

0.00 → -0.04

Residual

+44.8%

EPS growthn/d
Multiple reratingn/d
Dividend+0.0%
Residual / FX / buybacks / cross-term+44.8%

EPS/multiple decomposition requires positive EPS at both endpoints; residual absorbs price move not explained by dividends.

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.