Ades Holding Co. (2382.SR) stock analysis

In our weekly check, Ades Holding Co. is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 18 pass, warnings: 4, red flags: 3.

About Ades Holding Co.

Ades Holding Co. is an Energy company (Oil & Gas Drilling), listed on SAU as 2382.SR.

What our checks show for 2382.SR

Red flags

• Net debt is 4.6x a year of EBITDA (debt/equity 3.04). That limits room in a downturn and raises refinancing risk.
• Operating profit covers interest only 1.9 times: a weak year could make the payments hard.
• The share count grew by 46.2% in 2 years: each shareholder owns a smaller slice.

Warning signs

• The net margin is only 9.8%: little room if costs rise.
• The stock has fallen as much as 53% from a peak. Would you have held through that?
• The stock is still below its previous peak.
• Return on capital (ROCE) is only 8.3%.

Strengths

• The net margin rose by 2.7 points over 5 years, to 9.8%.
• The gross margin is 35.8% and has risen by 1.7 points: pricing power is holding.
• Operating cash flow is 2.78x net profit: the profit arrives as real cash.
• Analysts expect earnings per share to grow about 22.7% a year over the next years.
• Analysts expect the net margin to improve by 3 points from today's 9.8%.
• Revenue grew 49.1% a year over the last 3 years.

Next earnings report: 2026-11-09

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NE · RIG · VAL · PTEN · HP · SDRL

Questions

What grade does Ades Holding Co. (2382.SR) have?

In our weekly check, Ades Holding Co. is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 18 pass, warnings: 4, red flags: 3. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of 2382.SR stock?

This week's biggest flags for Ades Holding Co.: High debt, Weak interest cover, Share dilution. In total 7 of 25 checks show a warning or a red flag.

What does Ades Holding Co. do?

Ades Holding Co. is an Energy company (Oil & Gas Drilling), listed on SAU as 2382.SR.

When does Ades Holding Co. report earnings next?

The next earnings report is expected on 2026-11-09. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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