Riyadh Cables ends at all-time high

26/11/2024 Argaam Exclusive

Riyadh Cables Group Co. shares jumped today, Nov. 26, 8% to SAR 128, closing at an all-time high after 1.2 million shares changed hands.

 

The stock hit an intraday high of SAR 130.

Year High (SAR) Year Low (SAR)
130.00 74.40
Highest Since Debut (SAR) Lowest Since Debut (SAR)
130.00 35.60

The company has not made any capital adjustments since its listing on Tadawul in December 2022, as shown below:

Market Data :

Open 130.90
Low 128.00
High 130.90
Previous Close 129.80
Change (3M) (6.11 %)
Change (6M) (4.23 %)
Market Value 19,350.00
Avg. Volume (3M) 171,045.20
Avg. Turnover (3M) 22,178,651.18
Avg. Transaction (3M) 1,476.35
Change(12M) (9.66 %)
YTD (1.15 %)

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2022 IPO   1,500.00 0.00%

Financial Performance :

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...


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 19,350.02
Shares Outstanding ((M)) 150.00
EPS ( Riyal) (TTM) 7.13
Book Value (BV) ( Riyal) (Latest announcement) 19.39
Recurring P/E 18.10
Price/book 6.65
Dividend Yield (%) (Last Year) 2.71
Return on Average Assets (%) (TTM) 16.04
Return on Average Equity (%) (TTM) 38.50
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M Riyal) 19,811.62
EV/adj EBITDA 14.98
EV/Revenues 1.90


Analyst Estimates :

114.53

Fair Average Price

6

Number of Recommendations

Rating Research firm Current Price Target Price Change
Neutral Riyad Capital 109.40 121.00 10.60 %
Overweight GIB Capital 109.40 140.00 27.97 %
Buy Arqaam Capital 117.00 135.00 15.38 %
Sell EFG-Hermes 112.40 75.00 (33.27 %)
Neutral SNB Capital 104.80 99.20 (5.34 %)
Overweight GIB Capital 101.20 117.00 15.61 %

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}
loader Train
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.