Savola records highest close in 3 years

17/01/2024 Argaam Exclusive

Shares of Savola Group, listed under the food and beverages sector, rose today, Jan. 17, to SAR 47.80, recording their highest price in three years, or since November 2020.    

Year High (SAR) Year Low (SAR)
30.03 16.43
Highest Since Debut (SAR) Lowest Since Debut (SAR)
97.26 2.67
Chart

The stock reached an intraday high of SAR 46.10 (+1%). 

 
Savola has gained nearly 20% since the beginning of the month.

Market Data :

Open 22.65
Low 22.62
High 23.05
Previous Close 22.62
Change (3M) (15.58 %)
Change (6M) (27.66 %)
Market Value 6,825.00
Avg. Volume (3M) 427,869.41
Avg. Turnover (3M) 10,761,465.17
Avg. Transaction (3M) 2,834.92
Change(12M) (24.96 %)
YTD (38.01 %)
Overview

The company made capital adjustments, including acquisitions, bonus share distributions, and rights issues, as detailed below:  

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2024 Reduction   3,000.00 (73.54%)
2024 Right Issue   11,339.81 112.36%
2013 Private Offering   5,339.81 6.80%
2008 Split   5,000.00 33.33%
2006 Split   3,750.00 25.00%
2006 Split   3,000.00 66.67%
2006 Right Issue   1,800.00 20.00%
2005 Split   1,500.00 20.00%
2005 Split   1,250.00 25.00%
2004 Split   1,000.00 25.00%
Company Action

Financial Performance :

Financial Statements

Overview :

Founded in Jeddah in 1979 as a Saudi joint-stock company with SAR 40 million in capital, the company initially focused on exporting and refining vegetable oils. In 1992, it was converted into a public joint-stock company and expanded its operations beyond Saudi Arabia. The company entered the sugar market in 1994 with its first refinery in Jeddah and further expanded its presence in the food sector internationally. In 1998, it diversified into the retail sector. In 2010, the company launched &qu...
Profile


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 6,825.01
Shares Outstanding ((M)) 300.00
EPS ( Riyal) (TTM) 32.62
Book Value (BV) ( Riyal) (Latest announcement) 16.33
Recurring P/E 26.99
Price/book 1.39
Dividend Yield (%) (Last Year) 0.00
Return on Average Assets (%) (TTM) 39.94
Return on Average Equity (%) (TTM) 145.32
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M Riyal) 8,579.82
EV/adj EBITDA 4.15
EV/Revenues 0.33
Ratios


Analyst Estimates :

26.33

Fair Average Price

3

Number of Recommendations

Rating Research firm Current Price Target Price Change
Hold HSBC 28.59 28.27 (1.10 %)
Hold Arqaam Capital 23.34 23.06 (1.21 %)
Overweight SNB Capital 23.94 27.65 15.49 %
Estimates

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