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ACWA Power notches record close
17/10/2023
Argaam Exclusive
AI Summary
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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 | 171.10 |
| Low | 164.50 |
| High | 171.10 |
| Previous Close | 171.10 |
| Change (3M) | (15.31 %) |
| Change (6M) | (4.96 %) |
| Market Value | 126,394.20 |
| Avg. Volume (3M) | 292,432.06 |
| Avg. Turnover (3M) | 54,197,708.69 |
| Avg. Transaction (3M) | 3,342.69 |
| Change(12M) | (23.66 %) |
| YTD | (9.30 %) |
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 | Bonus Shares | 7,325.62 | 0.20% |
| 2021 | IPO | 7,311.00 | 13.21% |
Financial Performance :
Overview :
The company was initially established in 2008 in Riyadh as a closed Saudi joint-stock company under the name International Company for Water and Power Projects, with capital of SAR 2.92 billion, serving as the group's holding entity. The firm subsequently converted into a public joint-stock company in 2021, and formally changed its corporate name to ACWA Power Co. in early 2022.
Activities and Business Segments
The company’s core scope of business includes water and energy supply...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 126,394.33 |
| Shares Outstanding ((M)) | 766.49 |
| Recurring EPS ( Riyal) (TTM) | 1.90 |
| Book Value (BV) ( Riyal) (Latest announcement) | 39.20 |
| Recurring P/E (TTM) | 87.00 |
| Price/book | 4.21 |
| Dividend Yield (%) (Last Year) | 0.28 |
| Return on Average Assets (%) (TTM) | 2.36 |
| Return on Average Equity (%) (TTM) | 6.20 |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 153,568.94 |
| EV/adj EBITDA | 61.07 |
| EV/ EBITDA | - |
| EV/Revenues | 19.86 |
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: