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Al Arabia surges to highest level since debut
26/10/2023
Argaam Exclusive
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Arabian Contracting Services Co. (Al Arabia), listed under the media and entertainment sector, hit an all-time high at SAR 230 today, Oct. 26, on the Saudi Exchange (Tadawul).
| Year High (SAR) | Year Low (SAR) |
| 209.09 | 90.82 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 209.09 | 77.00 |
The stock rose 7% with nearly 100,000 shares traded, so far.
The leap brought the stock’s gains up to 100% since the beginning of 2023.
Compared to its lowest level since debut at SAR 84.70, the stock posted a more than 160% jump.
Market Data :
| Open | 110.30 |
| Low | 109.00 |
| High | 110.90 |
| Previous Close | 109.50 |
| Change (3M) | (10.35 %) |
| Change (6M) | 28.65 % |
| Market Value | 6,099.50 |
| Avg. Volume (3M) | 123,931.53 |
| Avg. Turnover (3M) | 14,668,772.37 |
| Avg. Transaction (3M) | 1,276.47 |
| Change(12M) | (11.84 %) |
| YTD | (4.07 %) |
Since listing on Tadawul in 2021, Al Arabia has not made any changes to its capital, as shown below:
Adjustments to the capital (M Riyal) :
| Date | Type | Capital (M Riyal) | Change (%) |
| 2024 | Split | 550.00 | 10.00% |
| 2021 | IPO | 500.00 | 0.00% |
| 2015 | IPO Cancelled | 550.00 | 42.86% |
The company signed on Oct. 25, with Remat Al-Riyadh development Co., a contract for constructing, operating and maintaining outdoor billboards in Riyadh.
Financial Performance :
Overview :
The company was established in 1983 as a limited liability company in Riyadh, with capital of SAR 1 million. In 2021, the company was converted into a Saudi joint-stock company. It operates via two key business segments: advertising and printing. The company establishes and operates indoor and outdoor billboards, in addition to conducting all kinds of printing including advertising material, commercial printing and binding.
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 6,099.51 |
| Shares Outstanding ((M)) | 55.00 |
| EPS ( ) (TTM) | (4.51 ) |
| Book Value (BV) ( Riyal) (Latest announcement) | 19.04 |
| Recurring P/E | Neg |
| Price/book | 5.82 |
| Dividend Yield (%) (Last Year) | 1.89 |
| Return on Average Assets (%) (TTM) | (2.63 ) |
| Return on Average Equity (%) (TTM) | (21.17 ) |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 8,425.29 |
| EV/adj EBITDA | 6.13 |
| EV/Revenues | 4.41 |
Calendar :
-
30 June
General Assembly
- -
23 December
Eligibility for bonus shares
- -
23 December
General Assembly
- -
26 June
General Assembly
- -
06 November
General Assembly
- -
05 February
General Assembly
-
Analyst Estimates :
213.64
Fair Average Price
1
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Overweight | Al Rajhi Capital | 170.18 | 213.64 | 25.53 % |
Call Request
Comments Analysis: