ACWA Power notches record close

17/10/2023 Argaam Exclusive

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 202.00
Low 199.70
High 202.90
Previous Close 201.90
Change (3M) (16.94 %)
Change (6M) (38.74 %)
Market Value 153,221.35
Avg. Volume (3M) 416,719.74
Avg. Turnover (3M) 97,782,657.65
Avg. Transaction (3M) 6,103.92
Change(12M) (48.37 %)
YTD (49.30 %)

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 Split   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...


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 153,298.15
Shares Outstanding ((M)) 766.49
EPS ( Riyal) (TTM) 2.36
Book Value (BV) ( Riyal) (Latest announcement) 29.08
Recurring P/E More than 100
Price/book 7.14
Dividend Yield (%) (Last Year) 0.21
Return on Average Assets (%) (TTM) 3.03
Return on Average Equity (%) (TTM) 8.27
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M Riyal) 181,177.69
EV/adj EBITDA 79.22
EV/Revenues 25.17


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 %)

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