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Riyadh Cables ends at all-time high
26/11/2024
Argaam Exclusive
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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 | 119.50 |
| Low | 118.60 |
| High | 123.00 |
| Previous Close | 119.30 |
| Change (3M) | (6.59 %) |
| Change (6M) | (8.27 %) |
| Market Value | 18,300.00 |
| Avg. Volume (3M) | 174,829.44 |
| Avg. Turnover (3M) | 23,042,459.71 |
| Avg. Transaction (3M) | 3,725.77 |
| Change(12M) | 18.91 % |
| YTD | (11.47 %) |
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...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 18,300.02 |
| Shares Outstanding ((M)) | 150.00 |
| EPS ( ) (TTM) | 6.82 |
| Book Value (BV) ( Riyal) (Latest announcement) | 19.43 |
| Recurring P/E | 17.90 |
| Price/book | 6.28 |
| Dividend Yield (%) (Last Year) | 2.86 |
| Return on Average Assets (%) (TTM) | 16.25 |
| Return on Average Equity (%) (TTM) | 38.45 |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 18,941.40 |
| EV/adj EBITDA | 14.99 |
| EV/Revenues | 1.87 |
Calendar :
-
16 January
General Assembly
- -
17 March
Conferences
- -
17 April
Ex-dividend Date
- -
17 April
General Assembly
- -
07 May
Cash Dividend Distribution
- -
12 May
Earnings Call
-
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 % | |
| Buy | Arqaam Capital | 117.00 | 135.00 | 15.38 % | |
| Overweight | GIB Capital | 109.40 | 140.00 | 27.97 % | |
| Sell | 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 % |
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