The Discounted Cash Flow (DCF) valuation of Qatar Industrial Manufacturing Company QPSC (QIMD.QA) is 1.53 QAR. With the latest stock price at 2.54 QAR, the upside of Qatar Industrial Manufacturing Company QPSC based on DCF is -39.9%.

Is QIMD.QA a buy or a sell?

Based on the latest price of 2.54 QAR and our DCF valuation, Qatar Industrial Manufacturing Company QPSC (QIMD.QA) is a sell. Selling QIMD.QA stocks now will result in a potential gain of 39.9%.

	Range	Selected
WACC / Discount Rate	7.0% - 8.4%	7.7%
Long-term Growth Rate	2.5% - 4.5%	3.5%
Fair Price	0.32 - 4.43	1.53
Upside	-87.4% - 74.6%	-39.9%

2.54 QAR

Stock Price

1.53 QAR

Fair Price

REVENUE & EXPENSES

CAPEX

D&A

WORKING CAPITAL

TERMINAL VALUE

QIMD.QA DCF Valuation: Revenue & Expenses Forecast

(QAR in millions)		Projections

	12-2024	12-2025	12-2026	12-2027	12-2028	12-2029

Revenue	483	481	532	626	674	760
% Growth	2%	0%	11%	18%	8%	13%

Cost of goods sold	(357)	(338)	(355)	(396)	(406)	(434)
% of Revenue	74%	70%	67%	63%	60%	57%

Selling, G&A expenses	(77)	(77)	(85)	(100)	(107)	(121)
% of Revenue	16%	16%	16%	16%	16%	16%

Research & Development	0	0	0	0	0	0
% of Revenue	0%	0%	0%	0%	0%	0%

Net interest & other expenses	112	112	123	145	156	176
% of Revenue	23%	23%	23%	23%	23%	23%

Tax expense	0	(18)	(22)	(27)	(32)	(38)
Tax rate	0%	10%	10%	10%	10%	10%

Net profit	161	161	194	247	286	343
% Margin	33%	33%	37%	40%	42%	45%