FIPCO hits highest level since February 2022

10/10/2023 Argaam Exclusive

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 34.60
Low 34.38
High 35.14
Previous Close 34.38
Change (3M) 4.05 %
Change (6M) (9.82 %)
Market Value 401.35
Avg. Volume (3M) 79,953.94
Avg. Turnover (3M) 2,807,633.69
Avg. Transaction (3M) 491.00
Change(12M) (24.30 %)
YTD (21.57 %)

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...


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 401.35
Shares Outstanding ((M)) 11.50
EPS ( Riyal) (TTM) (1.51 )
Book Value (BV) ( Riyal) (Latest announcement) 11.33
Recurring P/E Neg
Price/book 3.08
Dividend Yield (%) (Last Year) 1.43
Return on Average Assets (%) (TTM) (6.24 )
Return on Average Equity (%) (TTM) (12.52 )
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M Riyal) 456.57
EV/adj EBITDA (129.34)
EV/Revenues 1.85


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