Middle East Specialized Cables Company

2370.SR · Industrials · · SAR

32.50 SAR

+0.00 (8.26%)

● Updated 2026-05-12 09:45 Saudi Time ↻ Refresh

Short-term Mid-term Long-term

Fahodi Score BUY Mid-term (Position)

/ 100

Technical 40

Trend & RS 82

Momentum 98

Fundamental 78

Macro 71

Liquidity 21

Component	Score	Weight
Technical	40.0	20%
Trend & RS	81.5	30%
Momentum	98.5	15%
Fundamental	77.8	10%
Macro	70.9	20%
Liquidity	21.1	5%

Trade Setup

Entry	32.50
Stop Loss	30.48 (6.2%)
Target 1 (1:1)	34.52 (+6.2%)
Target 2 (2:1)	36.54 (+12.4%)

ATR(14)	1.01 (3.1%)
Risk per Share	2.02
Reward:Risk	2:1

ATR-based levels. Adjust for support/resistance zones.

Factor Profile

Factor	Score	Z
Value	81.3	+1.25
Momentum	89.5	+1.58
Quality	43.1	-0.28
Composite	71.3

Quality Scores

Piotroski F-Score 7 /9 — Strong

✓ ✓ ✗ ✗ ✓ ✓ ✓ ✓ ✓

1. Positive Net Income 2. Positive Roa 3. Positive Cfo 4. Quality Earnings 5. Lower Leverage 6. Higher Liquidity 7. No Dilution 8. Higher Gross Margin 9. Higher Asset Turnover

Altman Z-Score Insufficient Data

Valuation vs Peers Undervalued

Metric	Stock	Sector	vs Peers
P/E Ratio	12.8	18.0	-29% below
P/B Ratio	2.4	3.0	Below
Dividend Yield	3.1%	2.0%	Above avg

Comparing against Industrials median multiples.

Trading at a discount to sector peers — potential value opportunity.

Intrinsic Value (DCF) Undervalued

Intrinsic Value

46.34

Market Price

32.50

Upside

+42.6%

Margin of Safety	+29.9%
Stage 1 PV (5yr FCF)	525,004,578
Terminal Value PV	1,328,454,647
Total Enterprise Value	1,853,459,225

Assumptions

Base FCF	81,280,000
Growth Rate (5yr)	21.7%
Terminal Growth	2.5%
Discount Rate (WACC)	12.0%

2-stage DCF: 5yr projected FCF + Gordon Growth terminal value. Estimates only — adjust growth and WACC for your own assumptions.

Position Sizing — Kelly Criterion

4.5%

Recommended Size

45.86%

Full Kelly

22.93%

Half Kelly

5.0%

Max Cap (Moderate)

Kelly inputs derived from quant score 70/100. Estimated win rate 61%, avg win 9.2%, avg loss 3.6%. Position was capped at the moderate risk maximum. This is analytical output, not a recommendation to trade.

BEAR Regime: BEAR (20% confidence) — position size reduced 10%

Signal Summary SELL

Bullish Signals

Bearish Signals

69.13

RSI(14)

1.1144

MACD

Relative Strength (RS) IMPROVING

/ 99

RS Rating

O'Neil filter: <80

RS vs TASI	↑ RISING (+42.4% vs TASI 3M)
RS vs Sector	OUTPERFORMING (Industrials)
RS New High	✓ RS at 3-month high Institutional accumulation signal
Sector Outperformance	+45.4% (3M)

RS Line — stock / TASI (90 bars)

← older newer →

RS vs TASI 50-day SMA of RS

IMPROVING: Gaining momentum — the stock is starting to outperform the market. Watch for RS new high confirmation.

Technical Indicators

Indicator	Value	Signal
Rsi	69.13	NEUTRAL
Macd	1.1144	BEARISH
Ma Cross	26.03 / 26.5	DEATH CROSS
Trend Short		ABOVE SMA50
Trend Long		ABOVE SMA200
Bollinger		UPPER BAND
Volume	3.2x	HIGH

Key Levels

Level	Price
52-Week High	35.20
Bollinger Upper	32.03
SMA(200)	26.5
SMA(50)	26.03
SMA(20)	30.55
Current Price	32.50
Bollinger Lower	29.07
52-Week Low	0.00
ATR(14)	1.01

Advanced Technical Analysis

Click to expand

Wyckoff Phase & Volume Spread Analysis

Wyckoff Phase

DISTRIBUTION A Confidence

50%

Buying Climax

Acc: 0.0 | Dist: 2.0 | Markup: 2.0 | Markdown: 0.0

Volume Spread Analysis (last 5 bars)

Date	Signal	Vol	Description
2026-05-05	Normal	0.46x	Normal bar — no special VSA pattern
2026-05-06	No Demand	0.32x	Low volume, narrow spread, weak close — no buying interest
2026-05-07	Normal	0.7x	Normal bar — no special VSA pattern
2026-05-10	No Supply	0.43x	Low volume, narrow spread, firm close — no selling pressure
2026-05-11	Normal	3.2x	Normal bar — no special VSA pattern

Ichimoku Cloud BULLISH

Line	Value	Status
Tenkan-sen (9)	30.94	Above Kijun
Kijun-sen (26)	30.17	Base line
Senkou A	30.55	Leading span A
Senkou B	25.39	Leading span B
Cloud	25.39 – 30.55	Bullish (Green)
Price vs Cloud	32.50	Above Cloud
Chikou Span	28.74	Bullish
Alignment Score	4/4	BULLISH

TTM Squeeze & Divergences

TTM Squeeze

SQUEEZE ON 2 bars Momentum: BULLISH

BB: 29.07 – 32.03 | KC: 29.07 – 32.03

Divergences (last 60 bars)

Type	Indicator	Bars Ago	Strength
Regular Bearish	RSI	8
Hidden Bullish	RSI	17

Anchored VWAP

VWAP: 26.94 Anchor: 2026-03-03 (52w Low) ABOVE AVWAP +20.6%

Heikin-Ashi Trend

WEAKLY BULLISH Full data via /api/advanced/2370.SR

Valuation

Metric	Value
Market Cap	1.30B
P/E (TTM)	12.80
Forward P/E	N/A
P/B	2.41
EPS	2.54

Financial Health

Metric	Value
Revenue Growth	21.7%
Profit Margin	6.9%
ROE	20.3%
Debt/Equity	34.09
Current Ratio	1.73
Dividend Yield	3.1%
Payout Ratio	N/A
Beta	0.66

Trading Data

32.50

Open

32.50

Day High

32.50

Day Low

0.00

Volume (0.0x avg)

Recent News (1)

Middle East Specialized Cables And 2 Other Hidden Small Cap Gems In The Middle East

Simply Wall St. · 2025-10-09

Insider Activity

Insider transaction data is not available for Saudi-listed stocks.

Price Chart (90 Days)

Candlesticks (green=up, red=down) SMA 20 SMA 50 Bollinger Bands (upper/lower) Volume (green=buying, red=selling)