Riyadh Cables hits highest price since debut

30/01/2024 Argaam Exclusive

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
Chart

The stock closed 4% lower at SAR 105.40, with about 600,000 shares traded. 

Market Data :

Open 118.00
Low 117.70
High 119.50
Previous Close 118.00
Change (3M) (11.37 %)
Change (6M) (10.97 %)
Market Value 17,895.00
Avg. Volume (3M) 168,801.92
Avg. Turnover (3M) 22,335,711.09
Avg. Transaction (3M) 3,669.98
Change(12M) 13.84 %
YTD (13.43 %)
Overview

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%
Company Action

Financial Performance :

Financial Statements

Overview :

The company was established in 1984 as a limited liability company in Riyadh under the name “Saudi Modern Company for Cables Industry Ltd. (Riyadh Cables),” with a capital of SAR 7.5 million. The company produces, markets and sells cables, electric wires, conductors and optic fibers. It also manufactures electrical connections, wire extension channels made of plastic and other materials, electrical sockets and outlets, as well as insulated wires and cables made of steel, copper or al...
Profile


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 17,895.02
Shares Outstanding ((M)) 150.00
EPS ( Riyal) (TTM) 6.82
Book Value (BV) ( Riyal) (Latest announcement) 19.43
Recurring P/E 17.50
Price/book 6.14
Dividend Yield (%) (Last Year) 2.93
Return on Average Assets (%) (TTM) 16.25
Return on Average Equity (%) (TTM) 38.45
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M Riyal) 18,536.40
EV/adj EBITDA 14.67
EV/Revenues 1.83
Ratios


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 %
Estimates

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