Bahri hits highest price since 2006

13/08/2024 Argaam Exclusive

Shares of National Shipping Company of Saudi Arabia (Bahri) rose today, Aug. 13, to SAR 30.40, recording their highest price since 2006.
 
The stock finished 1% higher at SAR 29.75 as roughly 1.4 million shares changed hands.
Year High (SAR) Year Low (SAR)
24.32 17.09
Highest Since Debut (SAR) Lowest Since Debut (SAR)
45.69 1.40

Following today’s gain, the stock added more than 30% year to date.

Market Data :

Open 22.54
Low 22.54
High 23.94
Previous Close 22.47
Change (3M) (0.40 %)
Change (6M) 3.03 %
Market Value 22,056.12
Avg. Volume (3M) 741,094.38
Avg. Turnover (3M) 16,827,991.83
Avg. Transaction (3M) 1,814.70
Change(12M) 6.33 %
YTD 14.26 %

The company made several capital adjustments since its listing on Saudi Exchange (Tadawul), as shown in the table below:

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2025 Split   9,228.52 25.00%
2023 Split   7,382.81 50.00%
2022 Split   4,921.88 25.00%
2014 Private Offering   3,937.50 25.00%
2007 Right Issue   3,150.00 40.00%
2006 Split   2,250.00 12.50%

Financial Performance :

Overview :

The company was established as a Saudi joint-stock company in Riyadh with capital of SAR 500,000 in 1978. A year later, it started operations in the general cargo transportation sector. In 1990, the company expanded into the chemicals transportation sector by founding the National Chemical Carriers Limited Company (NCC). Six years later, it ventured into crude oil transportation. The company further diversified its operations by entering the liquefied natural gas sector and the bulk cargo sector...


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 22,056.14
Shares Outstanding ((M)) 922.85
EPS ( Riyal) (TTM) 2.08
Book Value (BV) ( Riyal) (Latest announcement) 14.92
Recurring P/E 12.27
Price/book 1.60
Dividend Yield (%) (Last Year) 3.35
Return on Average Assets (%) (TTM) 6.96
Return on Average Equity (%) (TTM) 14.57
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M Riyal) 32,267.92
EV/adj EBITDA 8.37
EV/Revenues 3.55


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