Middle East Specialized Cables Company

2370.SR · Industrials · · SAR

32.92 SAR

+0.00 (1.29%)

● Updated 2026-05-12 10:45 Saudi Time ↻ Refresh

Short-term Mid-term Long-term

Fahodi Score BUY Mid-term (Position)

/ 100

Technical 33

Trend & RS 83

Momentum 89

Fundamental 89

Macro 73

Liquidity 30

Component	Score	Weight
Technical	33.3	20%
Trend & RS	82.7	30%
Momentum	89.2	15%
Fundamental	88.9	10%
Macro	72.7	20%
Liquidity	29.5	5%

Trade Setup

Entry	32.80
Stop Loss	30.80 (6.1%)
Target 1 (1:1)	34.80 (+6.1%)
Target 2 (2:1)	36.80 (+12.2%)

ATR(14)	1.00 (3.0%)
Risk per Share	2.00
Reward:Risk	2:1

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

Factor Profile

Factor	Score	Z
Value	78.5	+1.14
Momentum	89.2	+1.57
Quality	43.1	-0.28
Composite	70.3

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 6.49 — Safe Zone

Distress <1.81Grey 1.81–2.99>2.99 Safe

Valuation vs Peers Undervalued

Metric	Stock	Sector	vs Peers
P/E Ratio	13.0	18.0	-28% 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

32.92

Upside

+40.8%

Margin of Safety	+29.0%
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

45.62%

Full Kelly

22.81%

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

70.18

RSI(14)

1.2194

MACD

Relative Strength (RS) STRONG RS

/ 99

RS Rating

✓ O'Neil PASS (≥80)

RS vs TASI	↑ RISING (+45.8% vs TASI 3M)
RS vs Sector	OUTPERFORMING (Industrials)
RS New High	✓ RS at 3-month high Institutional accumulation signal
Sector Outperformance	+48.5% (3M)

RS Line — stock / TASI (90 bars)

← older newer →

RS vs TASI 50-day SMA of RS

STRONG RS: Top performer — outperforming the market and making new relative highs. Institutional accumulation likely.

Technical Indicators

Indicator	Value	Signal
Rsi	70.18	OVERBOUGHT
Macd	1.2194	BEARISH
Ma Cross	26.27 / 26.5	DEATH CROSS
Trend Short		ABOVE SMA50
Trend Long		ABOVE SMA200
Bollinger		UPPER BAND
Volume	0.98x	NORMAL

Key Levels

Level	Price
52-Week High	35.20
Bollinger Upper	32.42
SMA(200)	26.5
SMA(50)	26.27
SMA(20)	30.64
Current Price	32.92
Bollinger Lower	28.85
52-Week Low	18.21
ATR(14)	1.0

Advanced Technical Analysis

Click to expand

Wyckoff Phase & Volume Spread Analysis

Wyckoff Phase

MARKUP Confidence

64%

Sign of Strength Buying Climax

Acc: 0.0 | Dist: 2.0 | Markup: 3.5 | Markdown: 0.0

Volume Spread Analysis (last 5 bars)

Date	Signal	Vol	Description
2026-05-06	No Demand	0.35x	Low volume, narrow spread, weak close — no buying interest
2026-05-07	Normal	0.77x	Normal bar — no special VSA pattern
2026-05-10	No Supply	0.47x	Low volume, narrow spread, firm close — no selling pressure
2026-05-11	Normal	3.5x	Normal bar — no special VSA pattern
2026-05-12	Normal	0.98x	Normal bar — no special VSA pattern

Ichimoku Cloud BULLISH

Line	Value	Status
Tenkan-sen (9)	31.31	Above Kijun
Kijun-sen (26)	30.54	Base line
Senkou A	30.93	Leading span A
Senkou B	25.77	Leading span B
Cloud	25.77 – 30.93	Bullish (Green)
Price vs Cloud	32.80	Above Cloud
Chikou Span	27.90	Bullish
Alignment Score	4/4	BULLISH

TTM Squeeze & Divergences

TTM Squeeze

SQUEEZE OFF No squeeze Momentum: BULLISH FADING

BB: 28.85 – 32.42 | KC: 29.25 – 32.03

Divergences (last 60 bars)

Type	Indicator	Bars Ago
Hidden Bullish	RSI	4
Hidden Bullish	MACD	4
Regular Bearish	RSI	9
Hidden Bullish	RSI	18

Anchored VWAP

VWAP: 27.03 Anchor: 2026-03-03 (52w Low) ABOVE AVWAP +21.4%

Heikin-Ashi Trend

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

Valuation

Metric	Value
Market Cap	1.32B
P/E (TTM)	12.96
Forward P/E	N/A
P/B	2.44
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

32.92

Open

32.92

Day High

32.92

Day Low

386.4K

Volume (0.7x 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)