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Riyadh Cables hits highest price since debut
30/01/2024
Argaam Exclusive
AI Summary
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Shares of Riyadh Cables Group Co. hit today, Jan. 30, the highest level since listing on the Saudi Exchange (Tadawul) at SAR 115 apiece.
| Year High (SAR) | Year Low (SAR) |
| 115.00 | 39.75 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 115.00 | 35.60 |
The stock closed 4% lower at SAR 105.40, with about 600,000 shares traded.
Market Data :
| Open | 109.00 |
| Low | 105.40 |
| High | 109.00 |
| Previous Close | 109.10 |
| Change (3M) | (8.76 %) |
| Change (6M) | (14.96 %) |
| Market Value | 15,945.00 |
| Avg. Volume (3M) | 216,273.20 |
| Avg. Turnover (3M) | 23,134,128.62 |
| Avg. Transaction (3M) | 2,182.45 |
| Change(12M) | (17.92 %) |
| YTD | (18.54 %) |
The company did not make any capital adjustments since its listing on Tadawul in December 2022, as shown below:
Adjustments to the capital (M Riyal) :
| Date | Type | Capital (M Riyal) | Change (%) |
| 2022 | IPO | 1,500.00 | 0.00% |
Financial Performance :
Overview :
The company was established in 1984 as a limited liability company in Riyadh under the name Saudi Modern Company for Cables Industry Ltd., with capital of SAR 7.5 million. It converted into a closed joint-stock company in 2014 under its current name, Riyadh Cables Group Co., and later transformed into a public joint-stock company in 2022.
Activities and Business Segment
The group produces insulated and uninsulated aluminum and copper cables, serving customers within and outside Saudi Arabi...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 15,945.02 |
| Shares Outstanding ((M)) | 150.00 |
| Recurring EPS ( Riyal) (TTM) | 7.56 |
| Book Value (BV) ( Riyal) (Latest announcement) | 23.14 |
| Recurring P/E (TTM) | 14.06 |
| Price/book | 4.59 |
| Dividend Yield (%) (Last Year) | 4.00 |
| Return on Average Assets (%) (TTM) | 15.21 |
| Return on Average Equity (%) (TTM) | 35.51 |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 16,651.13 |
| EV/adj EBITDA | 11.70 |
| EV/ EBITDA | 12.16 |
| EV/Revenues | 1.49 |
Calendar :
-
04 February
General Assembly
- -
13 March
Conferences
- -
21 April
Ex-dividend Date
- -
21 April
General Assembly
- -
15 May
Conferences
- -
06 August
Conferences
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Analyst Estimates :
83.5
Fair Average Price
2
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Neutral | GIB Capital | 84.90 | 92.00 | 8.36 % | |
| Neutral | Riyad Capital | 73.20 | 75.00 | 2.46 % |
Call Request
Comments Analysis: