Nahdi shares close at all-time low
Shares of Nahdi Medical Co. fell to their lowest level today, Nov. 1, at SAR 132.
| Year High (SAR) | Year Low (SAR) |
| 204.80 | 132.00 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 209.40 | 132.00 |
The stock closed at a record low today at SAR 134.40 (-5%), with nearly 1.5 million shares traded.
Accordingly, year-to-date losses reached 20%. The stock fell 23% in the last three months.
The company’s Q3 2023 net earnings dropped 16% year-on-year to SAR 212.8 million.
Market Data :
| Open | 91.45 |
| Low | 90.50 |
| High | 91.50 |
| Previous Close | 91.50 |
| Change (3M) | (2.10 %) |
| Change (6M) | (14.25 %) |
| Market Value | 11,817.00 |
| Avg. Volume (3M) | 116,494.12 |
| Avg. Turnover (3M) | 10,823,080.08 |
| Avg. Transaction (3M) | 1,308.48 |
| Change(12M) | (24.19 %) |
| YTD | (4.32 %) |
The company’s capital has not been changed since its 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 :
The company was established in 1986 as a sole proprietorship operating two pharmacies in Jeddah under the name Abdullah Amer bin Munif Al-Nahdi Establishment. In 2003, it converted into a limited liability company and changed its name to Abdullah Amer bin Munif AlNahdi & Partners Company for Pharmacies and Medical Equipment with capital of SAR 50 million, before rebranding to Nahdi Medical Co. one year later. The company underwent several legal transformations, converting into a closed joint...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 11,817.01 |
| Shares Outstanding ((M)) | 130.00 |
| Recurring EPS ( Riyal) (TTM) | 6.06 |
| Book Value (BV) ( Riyal) (Latest announcement) | 19.32 |
| Recurring P/E (TTM) | 14.99 |
| Price/book | 4.70 |
| Dividend Yield (%) (Last Year) | 6.16 |
| Return on Average Assets (%) (TTM) | 11.94 |
| Return on Average Equity (%) (TTM) | 30.31 |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 11,306.36 |
| EV/adj EBITDA | 6.64 |
| EV/ EBITDA | 6.60 |
| EV/Revenues | 1.07 |
Calendar :
-
21 March
Ex-dividend Date
- -
02 April
Cash Dividend Distribution
- -
28 May
General Assembly
- -
11 August
Ex-dividend Date
- -
25 August
Cash Dividend Distribution
- -
18 September
General Assembly
-
Analyst Estimates :
180
Fair Average Price
1
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Neutral | Citi Bank Group | 157.00 | 180.00 | 14.65 % |
Call Request
Comments Analysis: