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ACWA Power notches record close
17/10/2023
Argaam Exclusive
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Shares of ACWA Power Co. hit a lifetime high today, Oct. 17, at SAR 220.80 apiece.
| Year High (SAR) | Year Low (SAR) |
| 218.62 | 126.73 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 218.62 | 62.67 |
The stock closed 3% higher at SAR 219.20, the highest since listing on the Saudi Exchange (Tadawul), with about 1.2 million shares traded.
Accordingly, the stock’s year-to-date gains amounted to roughly 41%, and 20% during the last six months.
Market Data :
| Open | 202.90 |
| Low | 200.20 |
| High | 203.80 |
| Previous Close | 202.50 |
| Change (3M) | 18.61 % |
| Change (6M) | 9.46 % |
| Market Value | 154,371.09 |
| Avg. Volume (3M) | 846,274.64 |
| Avg. Turnover (3M) | 155,872,344.55 |
| Avg. Transaction (3M) | 6,051.67 |
| Change(12M) | (14.70 %) |
| YTD | 10.78 % |
ACWA Power has not made any capital adjustments since its listing on Tadawul in October 2021.
Adjustments to the capital (M Riyal) :
| Date | Type | Capital (M Riyal) | Change (%) |
| 2025 | Right Issue | 7,664.90 | 4.63% |
| 2024 | Bonus Shares | 7,325.62 | 0.20% |
| 2021 | IPO | 7,311.00 | 13.21% |
Financial Performance :
Overview :
Established in 2008 under the name of International Company for Water and Power Projects, the company initially operated as a Saudi closed joint-stock with capital of SAR 2.92 billion in Riyadh. The company was converted into a public joint-stock company in 2021 and subsequently changed its name to ACWA POWER Co. in early 2022.
The company’s main scope of business includes water and energy supply services, encompassing the development, investment, operation, and maintenance of power...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 154,371.24 |
| Shares Outstanding ((M)) | 766.49 |
| Recurring EPS ( Riyal) (TTM) | 1.79 |
| Book Value (BV) ( Riyal) (Latest announcement) | 38.41 |
| Recurring P/E (TTM) | More than 100 |
| Price/book | 5.24 |
| Dividend Yield (%) (Last Year) | - |
| Return on Average Assets (%) (TTM) | 2.70 |
| Return on Average Equity (%) (TTM) | 7.02 |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 180,397.09 |
| EV/adj EBITDA | 79.12 |
| EV/Revenues | 24.15 |
Calendar :
-
29 April
Ex-dividend Date
- -
29 April
Eligibility for bonus shares
- -
29 April
General Assembly
- -
13 May
Cash Dividend Distribution
- -
02 January
General Assembly
- -
18 June
Conferences
-
Analyst Estimates :
153.47
Fair Average Price
1
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Neutral | Citi Bank Group | 184.16 | 153.47 | (16.67 %) |
Call Request
Comments Analysis: