Budget Saudi closes at all-time high

31/12/2023 Argaam Exclusive

United International Transportation Co. (Budget Saudi) closed 0.4% higher at an all-time high of SAR 79 today, Dec. 31, after almost 272,500 shares changed hands.

 

The stock hit an intraday high of SAR 80.60. 

Year High (SAR) Year Low (SAR)
80.60 45.20
Highest Since Debut (SAR) Lowest Since Debut (SAR)
80.60 7.70
Chart

Thus, the stock gained over 70% year-to-date (YTD).

Market Data :

Open 68.05
Low 67.80
High 69.00
Previous Close 67.90
Change (3M) 2.83 %
Change (6M) (9.69 %)
Market Value 5,393.73
Avg. Volume (3M) 163,862.56
Avg. Turnover (3M) 11,419,188.52
Avg. Transaction (3M) 1,796.61
Change(12M) (20.60 %)
YTD (15.75 %)
Overview

The company has raised its capital six times through bonus shares since listing on Sept. 1, 2007.

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2025 Split   1,045.42 33.74%
2024 Private Offering   781.67 9.84%
2017 Split   711.67 16.67%
2016 Split   610.00 20.00%
2015 Split   508.33 25.00%
2014 Split   406.67 33.33%
2013 Split   305.00 25.00%
2012 Split   244.00 33.33%
2007 IPO   183.00 42.86%
Company Action

Financial Performance :

Financial Statements

Overview :

The company was initially established as a limited liability company under the name of “Global Car Rental Co.“ in Jeddah in 1978. It obtained the International Quality Certificate (ISO) in 2002. In 2005, “Al-Oula Car and Equipment Rental Co.” was merged into the company. Subsequently, in 2006, the entity was rebranded as United International Transportation Co. (Budget Saudi). In 2007, it was transformed into a public joint-stock company. The company provides a variety of...
Profile


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 5,393.74
Shares Outstanding ((M)) 78.17
EPS ( Riyal) (TTM) 4.38
Book Value (BV) ( Riyal) (Latest announcement) 35.66
Recurring P/E 15.77
Price/book 1.93
Dividend Yield (%) (Last Year) 2.10
Return on Average Assets (%) (TTM) 8.28
Return on Average Equity (%) (TTM) 14.50
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M Riyal) 6,905.79
EV/adj EBITDA 7.64
EV/Revenues 3.11
Ratios


Analyst Estimates :

76.3

Fair Average Price

4

Number of Recommendations

Rating Research firm Current Price Target Price Change
Neutral Al Rajhi Capital 76.20 77.00 1.05 %
Buy United Securities Company 68.80 75.00 9.01 %
Buy United Securities Company 64.60 75.00 16.10 %
Overweight SNB Capital 66.70 78.20 17.24 %
Estimates

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