SASCO shares finish at highest price since debut

02/09/2024 Argaam Exclusive

Saudi Automotive Services Co. (SASCO) gained 7% today, Sept. 2, ending trading at the highest level since its debut on the Saudi Exchange (Tadawul) at SAR 83.80 per share.
 

The stock posted an intraday high of SAR 84.50.

Year High (SAR) Year Low (SAR)
84.50 42.51
Highest Since Debut (SAR) Lowest Since Debut (SAR)
84.50 0.94
Chart

Thus, SASCO advanced approximately 30% year-to-date (YTD).

Market Data :

Open 52.30
Low 51.65
High 53.55
Previous Close 52.00
Change (3M) (6.05 %)
Change (6M) (23.06 %)
Market Value 3,748.50
Avg. Volume (3M) 234,764.58
Avg. Turnover (3M) 12,672,621.36
Avg. Transaction (3M) 1,468.00
Change(12M) (33.89 %)
YTD (15.67 %)
Overview
The company also implemented several capital changes since listing on Tadawul, as shown in the following table:

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2024 Split   700.00 16.67%
2018 Split   600.00 11.11%
2015 Split   540.00 20.00%
2006 Split   450.00 50.00%
2001 Reduction   300.00 (50.00%)
Company Action

Financial Performance :

Financial Statements

Overview :

Saudi Automotive Services Co. (SASCO) was founded in 1982 in Riyadh, offering petroleum products and services, as well as vehicle and equipment maintenance. In 1985, SASCO expanded its offerings to include hospitality services with the launch of Al-Baha Motel and commenced vehicle ambulance operations. The company continued to grow with the establishment of central workshops for advanced vehicle maintenance in 1988 and the expansion into the spare parts manufacturing sector in 1992. SASCO's ...
Profile


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 3,748.50
Shares Outstanding ((M)) 70.00
EPS ( Riyal) (TTM) 0.79
Book Value (BV) ( Riyal) (Latest announcement) 12.62
Recurring P/E 79.69
Price/book 4.24
Dividend Yield (%) (Last Year) 2.00
Return on Average Assets (%) (TTM) 0.84
Return on Average Equity (%) (TTM) 6.52
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M Riyal) 5,552.60
EV/adj EBITDA 9.41
EV/Revenues 0.51
Ratios


Analyst Estimates :

63

Fair Average Price

1

Number of Recommendations

Rating Research firm Current Price Target Price Change
Neutral GIB Capital 75.60 63.00 (16.67 %)
Estimates

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