16/09/2024 Argaam Exclusive
AI Summary
Shares of TASI-listed Arabian Drilling Co. plunged by 2% today, Sept. 16, closing at the lowest level in nearly two years at SAR 111.
The stock hit an intraday low of 110.60.
| Year High (SAR) | Year Low (SAR) |
| 214.20 | 110.60 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 214.20 | 100.00 |
Accordingly, the stock’s year-to-date losses amounted to 42%.
| Open | 73.80 |
| Low | 73.50 |
| High | 74.65 |
| Previous Close | 73.50 |
| Change (3M) | (4.12 %) |
| Change (6M) | (20.34 %) |
| Market Value | 6,621.60 |
| Avg. Volume (3M) | 183,734.23 |
| Avg. Turnover (3M) | 14,700,577.59 |
| Avg. Transaction (3M) | 1,605.33 |
| Change(12M) | (32.97 %) |
| YTD | (33.33 %) |
The company has not adjusted its capital since listing on the Main Market (TASI) on Nov. 7, 2022.
| Date | Type | Capital (M Riyal) | Change (%) |
| 2022 | IPO | 890.00 | 42.86% |
| Financial Ratio | Current |
| Market Cap (M Riyal) | 6,621.61 |
| Shares Outstanding ((M)) | 89.00 |
| EPS ( ) (TTM) | 2.67 |
| Book Value (BV) ( Riyal) (Latest announcement) | 66.24 |
| Recurring P/E | 29.81 |
| Price/book | 1.12 |
| Dividend Yield (%) (Last Year) | 3.63 |
| Return on Average Assets (%) (TTM) | 2.26 |
| Return on Average Equity (%) (TTM) | 4.03 |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 9,230.66 |
| EV/adj EBITDA | 6.66 |
| EV/Revenues | 2.65 |
Fair Average Price
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Buy | Citi Bank Group | 120.00 | 170.00 | 41.67 % | |
| Neutral | Goldman Sachs | 115.20 | 126.10 | 9.46 % | |
| Overweight | Al Rajhi Capital | 121.00 | 140.00 | 15.70 % | |
| Buy | Hermes | 118.00 | 154.00 | 30.51 % | |
| Underweight | JP Morgan | 116.00 | 136.00 | 17.24 % | |
| Buy | Citi Bank Group | 141.60 | 190.00 | 34.18 % | |
| Overweight | GIB Capital | 144.00 | 165.00 | 14.58 % | |
| Hold | HSBC | 131.60 | 143.00 | 8.66 % |
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