Framework Journal · one stock, one dated entry

Recorded 2026-06-14 · Permanent

Al Meera Consumer Goods MERS.QA

An entry written while the outcome is still unknown. It will be scored by what the market does next, and it will never be edited to look cleverer than it was.

In plain words · Al Meera Consumer Goods Company Q.P.S.C., together with its subsidiaries, engages in the wholesale and retail trade of various types of consumer goods commodities in Qatar and the Sultanate of Oman.

The label
Distribution

read at $13.24

Al Meera Consumer Goods holds its Distribution at $13.24.

PHINPOOPSC
  • PHPhase · the trend structure carries the Distribution label
  • INInsiders · no filings inside 60 days, left as found
  • POPositioning · no disclosures inside 60 days, left as found
  • OPOptions · no verdict drawn today, left as found
  • SCScreen · screen not yet scored
  • edge confirmed
  • edge broken
  • edge forming

Each arm is one independent read. Conviction is not a single call, it is how many edges converge.

The investor read · the season, not the day

As held on the ledger · 2026-06-14
PhaseDistribution · caution
Quantitative stateThe statistical read favours the sellers, held for 8 days
Price$13.24
Valuation18.39 trailing · 12.61 forward price to earnings
Values screenNot scored · score 70.0
BetaN/A

The opportunity · what the numbers say it is worth

Our framework reads AVOID — it trades at roughly a 39% discount to our $18.40 fair value, 8.10% revenue growth.

Read at
$13.24
18.39 P/E · 12.61 fwd
Our fair value
$18.40
39% discount
Analyst target (avg)
$15.80
+19% to current
Target low $14.40Analyst target rangeTarget high $18.40
▲ current $13.24 · | average target

Price history & projections · where it has been, where the models see it going

$18.9$15.4$11.9TODAY5y agoPROJECTIONOur fair value$18.40 +39%Analyst high$18.40 +39%Analyst avg$15.80 +20%Conservative$15.75 +19%

The valuation journey · where the price sits against fair value and the Street

Current
$13.24
you are here
Conservative
$15.75
+19%
Analyst avg
$15.80
+19%
Our fair value
$18.40
+39%
Analyst high
$18.40
+39%

Green marks levels above today's price, red below; the shaded band is the gap between the price and our fair value.

Reading the gap · Both our model and the analysts see meaningful upside from here.

Revenue growth8.10%
Profit margin5.02%
Debt to equity53.43
Analyst consensusNone · 3 covering

Fair value and rating are our own model estimates; target range reflects third-party analyst estimates. Analysis, not advice.

The values screen, explained · five checks, plain English

This security has not been fully scored against the values screen yet.

  • Business activity Its core business isn't built on prohibited lines — no gambling, alcohol, tobacco, weapons, or interest-based lending. Pass
  • Debt load Interest-bearing debt is just 27.9% of its assets, well under the one-third ceiling — it does not run on borrowed money. Pass
  • Interest-bearing cash Cash held in interest-bearing accounts and securities is 6.1% of assets, under the one-third limit. Pass
  • Receivables Money owed to the company is 1.6% of assets, under the 49% limit. Pass
  • Revenue purity Only -1.9% of revenue comes from non-compliant sources — under the 5% line. Pass

Every security is read against two recognised standards: our stricter asset-based screen (ratios measured against total assets) and the more widely used market-value standard (measured against market capitalisation). Where they agree we say so plainly; where they part ways — almost always on the debt check — we show both readings and mark it, because that disagreement is the finding, not a fault. We report the score; you and your scholar make the call.

The business, in plain words · what the numbers mean

Why it gives us pause

At 12.6x forward earnings, the price already runs ahead of the business. Our fair value sits at $18.40, below where it trades today.

The fundamentals · plain-English read
Forward P/E12.6x
priced for continued growth
Trailing P/E18.4x
reasonably valued
Revenue growth8.1%
steady growth
Profit margin5.0%
thin but positive margins
Return on equity9.0%
a modest return on shareholder capital
Debt to equity0.53
moderate, manageable leverage
Market cap$2.7B

The risks · The things to watch: its business and earnings are exposed to Qatar and to currency swings.

Plain-English interpretation of our own screen data. Analysis, not advice.

Where & how to trade · wherever in the world you are

MERS.QA trades on QSE (the company is based in Qatar). As a US-listed security it is accessible through almost any international broker offering US markets. New to this, or investing from outside the US? Our guide to accessing global markets covers brokers, currencies and the practical steps.

The trader read · the latest dated commentary

The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it D, carrying a low risk profile. Technically it is momentum reading oversold. Over the past year the shares are down 9%. Our forward projection puts the odds of a 10% gain over the next month near 3%. The street (3 analysts) rates it hold, with a mean price target of $16. Entered 2026-07-18 · Markdown

The dated journal · newest first, never edited

2026-07-18 Markdown $13.24 +0.0% Entry 3

The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it D, carrying a low risk profile. Technically it is momentum reading oversold. Over the past year the shares are down 9%. Our forward projection puts the odds of a 10% gain over the next month near 3%. The street (3 analysts) rates it hold, with a mean price target of $16.

2026-07-03 Markdown $13.24 +0.0% Entry 2

The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns.

2026-07-02 Markdown $13.24 Entry 1

The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns.

Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.

What holding actually paid · price plus dividends

If $1,000 had been placed · historical, not a promise
PeriodPrice thenPrice returnDivs per share$1,000 becameTotal return
1 month $13.43 -1.7% · $983 -1.7%
2 months $13.29 -0.7% $0.40 $1,023 +2.3%
3 months $14.46 -8.7% $0.40 $940 -6.0%
6 months $14.02 -5.9% $0.40 $970 -3.0%
1 year $14.43 -8.5% $0.40 $942 -5.8%
2 years $13.67 -3.5% $1.25 $1,057 +5.7%
3 years $12.37 +6.7% $2.10 $1,237 +23.7%
5 years $14.55 -9.3% $3.42 $1,143 +14.3%

Historical returns from market close data. Past performance does not guarantee future results.

This entry now belongs to the ledger. Whatever MERS.QA does next, these words stay.

Al Meera Consumer Goods · MERS.QA · Distribution · $13.24
Recorded 2026-06-14 · before the outcome · scored mechanically

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