Nahdi closes at record low

10/10/2023 Argaam Exclusive

Shares of Nahdi Medical Co. dropped 2% to close at SAR 137.20, the lowest since debut on the main market (TASI), with nearly 436,000 shares traded.

Year High (SAR) Year Low (SAR)
209.20 137.20
Highest Since Debut (SAR) Lowest Since Debut (SAR)
209.40 137.20

Thus, the stock's year-to-date (YTD) losses reached 16% and 12-month losses hit almost 30%.

Market Data :

Open 118.00
Low 116.00
High 118.00
Previous Close 116.30
Change (3M) (5.77 %)
Change (6M) 2.11 %
Market Value 15,080.00
Avg. Volume (3M) 157,999.17
Avg. Turnover (3M) 18,606,255.30
Avg. Transaction (3M) 2,596.67
Change(12M) (6.75 %)
YTD (1.36 %)

The company did not carry out any changes to its capital since debut in 2022.

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2022 IPO   1,300.00 0.00%

Financial Performance :

Overview :

Established in 1986 as a sole proprietorship operating two pharmacies in Jeddah, the entity was converted into a limited liability company in 2003 under the name of Abdullah Amer bin Munif AlNahdi & Partners Company for Pharmacies and Medical Equipment, with capital of SAR 50 million. Subsequently, in 2004, the company was renamed to Nahdi Medical Company. The organization initiated Nahdi Academy in 2009 for employee training and development. In 2013, a new corporate identity was launched, a...


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 15,080.02
Shares Outstanding ((M)) 130.00
EPS ( Riyal) (TTM) 6.25
Book Value (BV) ( Riyal) (Latest announcement) 19.35
Recurring P/E 18.97
Price/book 5.99
Dividend Yield (%) (Last Year) 4.74
Return on Average Assets (%) (TTM) 13.22
Return on Average Equity (%) (TTM) 33.00
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M Riyal) 14,388.14
EV/adj EBITDA -
EV/Revenues 1.44


Analyst Estimates :

197

Fair Average Price

2

Number of Recommendations

Rating Research firm Current Price Target Price Change
Neutral Citi Bank Group 157.00 180.00 14.65 %
Buy Riyad Capital 175.40 214.00 22.01 %

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