Fundamental analysis by تک‌سهم های رانتی about Stock ثعمرا on 8/3/2025

#Tharad (Part I) Shahed Company انی Clicks: Founded in 1983 - Capital 400 Billion Tomans - Market Value 6200 Billion Tomans - The subject of Investment Holding Operations mainly in the Real Estate Section - Final shareholder of the Martyrs Foundation - Number of Personnel 43 Personnel - June 31 بان Balance Sheet Review: Main Company of December 1398 ▪️ Assets of 600 billion tomans 46 billion tomans of debt Special value of 554 billion tomans Tops: Holding Company is an investment itself. 88 % of the total assets are related to investment in subsidiaries. About 10 % is directly investment in the real estate sector. All assets are of book values that are very different from current values. In the debt sector, the main debt is related to dividends. The company does not have a bank debt. Debt is 7 %, positive working capital, and the company has accumulated profits. Overall, balance sheet requirements are favorable. 🔵 Investment portfolio in stock: 1- Witnesses Development (#Mamara) 57.94 % (Group 67.2 %) 2- Witnesses of 100 %. 3- Saadi investment 100 % 4- Saadi Kish International 4.5 % (Group 100 %) 5. Hormuz Energy 70 % (Group 100 %) 6. Processing and developing the building 100 % 7. Producers of the power of 100 %. 🔺 Witness Trading Company: Founded in 1995 - Capital of 20 billion Tomans - March 29 - The number of staff of 83 people - is a holding of the following companies that ownership of all companies 100 %. 1- Witness Metals Trading - Sale of Scrap 2- Witnesses free stores - Supply of passenger mobile goods 3- Witness Free Airport Services - Airport Services 4- World outlook - Commerce 5- World travel services - travel services 6- Horizon Red Bullion - Red and Metal Production 7. Speed Shahed Trading - Medical Equipment Trading and Pharmaceutical Supplements 8. Airports Witness Kish - Airport Services مان Review of Witness Business Balance Sheet: September 1398 ▪️ Assets of 181 billion tomans ▪️ In debt 157 billion tomans Special value of 24 billion tomans Interpretation: 62 % of the total assets (commercial) and about 30 % (55 billion tomans) are fixed assets. Most of the fixed assets are also related to the launch of the Rizan Single Factory (28 billion tomans) and the Namin project (12 billion tomans). Most of the debt is also related to business debt (suppliers) and debt to the company. The ratio of debt is 87 %, negative working capital, and the company has no accumulated profits. 🔹 Investigation of Profit and Loss: ▪️ Income: 104 billion tomans in 1396 66 billion tomans in 1397 6 months 1398 amount 26 billion tomans The combination of revenues is mainly related to the sale of medical equipment. ▪️ Pure Purpose: In 1396, 7 billion tomans In 1397 the amount of 6-6 billion 6 months 1398 The growth of profitability in the first 6 months compared to last year is mainly non -operational and related to building sales. مارد Office: The activities of the Shahid Trading Group through specialized subsidiary companies are mainly focused on selling medical equipment, cargo and airport parking services and airport free shops. The profitability of these activities is not very important. Horizon Zero Bullion Project: Horizon bullion factory in Zanjan was put into operation in 2012 with a capacity of 20,000 tons (corner). The factory was initially decided to rent the factory, and then, on the basis of the board's decision, the previous production line was suspended and the new line (converting bullion to rebar as well as upgrading furnaces) would replace the previous line. The project has improved by 94 % by September 1398, which is likely to be exploited. The cost of the project has been fulfilled by 30 billion tomans, which has been spent. The day's value of this project is estimated at 100 billion tomans. After deduction, the surplus is 70 billion tomans. @gold_signaall