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FIPCO hits highest level since February 2022
10/10/2023
Argaam Exclusive
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Shares of Filing and Packing Materials Manufacturing Co. (FIPCO) hit today, Oct. 10, their highest level since February 2022, after reaching SAR 56.90.
| Year High (SAR) | Year Low (SAR) |
| 56.90 | 32.50 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 256.94 | 8.73 |
The stock closed at SAR 53.40, up 1%, the highest close since April 2022, with nearly 2.5 million shares traded.
Accordingly, the stock gained almost 53% year-to-date and 17% over the last three months.
Market Data :
| Open | 33.28 |
| Low | 33.28 |
| High | 34.38 |
| Previous Close | 33.32 |
| Change (3M) | 4.88 % |
| Change (6M) | (15.60 %) |
| Market Value | 392.61 |
| Avg. Volume (3M) | 72,275.45 |
| Avg. Turnover (3M) | 2,516,861.44 |
| Avg. Transaction (3M) | 457.86 |
| Change(12M) | (29.39 %) |
| YTD | (23.28 %) |
FIPCO has amended its capital several times since its listing on the Saudi Exchange (Tadawul) as follows:
Adjustments to the capital (M Riyal) :
| Date | Type | Capital (M Riyal) | Change (%) |
| 2022 | Right Issue Cancelled | 230.00 | 100.00% |
| 2015 | Split Cancelled | 161.00 | 40.00% |
| 2009 | Split | 115.00 | 67.27% |
Financial Performance :
Overview :
The company was established in 1991 in Riyadh as a closed Saudi joint-stock company with capital of SAR 68.75 million. In 1998, the company was converted into a public joint-stock company.
The company operates within the manufacturing industries sector, producing a diverse portfolio of over 20 products. Its core business encompasses the production of woven polypropylene bags, including those lined and unlined with low-density polyethylene for heavy-duty applications, oversized bags, plastic fas...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 392.61 |
| Shares Outstanding ((M)) | 11.50 |
| EPS ( ) (TTM) | (1.51 ) |
| Book Value (BV) ( Riyal) (Latest announcement) | 11.33 |
| Recurring P/E | Neg |
| Price/book | 3.01 |
| Dividend Yield (%) (Last Year) | 1.46 |
| Return on Average Assets (%) (TTM) | (6.24 ) |
| Return on Average Equity (%) (TTM) | (12.52 ) |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 447.83 |
| EV/adj EBITDA | (126.87) |
| EV/Revenues | 1.82 |
Calendar :
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16 November
General Assembly
- -
06 June
General Assembly
- -
25 November
General Assembly
- -
08 May
General Assembly
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Call Request
Comments Analysis: