-
Bank Ranking
Banks Ratios
Cement Statistics
Cement Ranking
Cement Ratios
Monetary and Economic Statistics
Oil, Gas and Fuel
Macro Economy
Consumer Spending
Inflation
Exports & Imports
Food Prices
Non Food Prices
Construction Materials
Petrochem. Ranking
Petrochem. Ratios
Retail Rankings
Retail Ratios
Grocery Ranking
Grocery Ratios
Top Growth
Dividend History
NADEC closes at all-time high
18/02/2024
Argaam Exclusive
AI Summary
Content Summary:
AI Summary
Content Summary: 
Loading data...
Please note that this news summary has been generated using artificial intelligence. It is recommended to review the original
sources for complete details and to verify the accuracy of the information.
Shares of National Agricultural Development Co. (NADEC) rose 10% today, Feb. 18, to close at the highest price since listing at SAR 35.30 per share.
Nearly 5.4 million shares changed hands at a total value of SAR 187 million.
| Year High (SAR) | Year Low (SAR) |
| 35.30 | 11.34 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 35.30 | 1.40 |
Accordingly, the stock’s full-year gains exceeded 180%.
Market Data :
| Open | 20.44 |
| Low | 20.35 |
| High | 20.44 |
| Previous Close | 20.37 |
| Change (3M) | 6.09 % |
| Change (6M) | (14.91 %) |
| Market Value | 6,159.49 |
| Avg. Volume (3M) | 617,842.18 |
| Avg. Turnover (3M) | 12,901,943.30 |
| Avg. Transaction (3M) | 1,794.29 |
| Change(12M) | (30.00 %) |
| YTD | (17.46 %) |
The company amended its capital several times through bonus share distributions and rights issues, as follows:
Adjustments to the capital (M Riyal) :
| Date | Type | Capital (M Riyal) | Change (%) |
| 2023 | Right Issue | 3,016.40 | 196.77% |
| 2020 | Split | 1,016.40 | 20.00% |
| 2017 | Private Offering Cancelled | 1,382.86 | 63.27% |
| 2016 | Split | 847.00 | 10.00% |
| 2015 | Split | 770.00 | 10.00% |
| 2014 | Split | 700.00 | 16.67% |
| 2008 | Split | 600.00 | 50.00% |
NADEC’s profits rose to SAR 302.1 million by the end of 2023, compared to SAR 95.5 million in 2022. Q4 2023 profits amounted to about SAR 124 million.
Financial Performance :
Overview :
The company was established in 1981 with an initial capital of SAR 400 million. In 1984, it opened its first fresh milk and dairy products plant. Two years later, packaging operations for milk and dairy items commenced. The organization was transitioned into a public joint-stock company in 1993 and subsequently established its largest dairy farm in 2015.
The company’s core activities include agricultural and livestock production, agricultural land reclamation, food processing, and the mar...
Follow us on
Comments {{getCommentCount()}}
Be the first to comment
{{Comments.indexOf(comment)+1}}
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.
Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 6,144.41 |
| Shares Outstanding ((M)) | 301.64 |
| EPS ( ) (TTM) | 2.59 |
| Book Value (BV) ( Riyal) (Latest announcement) | 14.77 |
| Recurring P/E | 14.62 |
| Price/book | 1.38 |
| Dividend Yield (%) (Last Year) | 0.00 |
| Return on Average Assets (%) (TTM) | 13.11 |
| Return on Average Equity (%) (TTM) | 18.88 |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 4,553.56 |
| EV/adj EBITDA | 6.55 |
| EV/Revenues | 1.33 |
Analyst Estimates :
34.3
Fair Average Price
1
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Buy | United Securities Company | 29.95 | 34.30 | 14.52 % |
Call Request
Comments Analysis: