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Riyadh Cables ends at all-time high
26/11/2024
Argaam Exclusive
AI Summary
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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 | 109.00 |
| Low | 105.40 |
| High | 109.00 |
| Previous Close | 109.10 |
| Change (3M) | (8.76 %) |
| Change (6M) | (14.96 %) |
| Market Value | 15,945.00 |
| Avg. Volume (3M) | 216,273.20 |
| Avg. Turnover (3M) | 23,134,128.62 |
| Avg. Transaction (3M) | 2,182.45 |
| Change(12M) | (17.92 %) |
| YTD | (18.54 %) |
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., with capital of SAR 7.5 million. It converted into a closed joint-stock company in 2014 under its current name, Riyadh Cables Group Co., and later transformed into a public joint-stock company in 2022.
Activities and Business Segment
The group produces insulated and uninsulated aluminum and copper cables, serving customers within and outside Saudi Arabi...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 15,945.02 |
| Shares Outstanding ((M)) | 150.00 |
| Recurring EPS ( Riyal) (TTM) | 7.56 |
| Book Value (BV) ( Riyal) (Latest announcement) | 23.14 |
| Recurring P/E (TTM) | 14.06 |
| Price/book | 4.59 |
| Dividend Yield (%) (Last Year) | 4.00 |
| Return on Average Assets (%) (TTM) | 15.21 |
| Return on Average Equity (%) (TTM) | 35.51 |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 16,651.13 |
| EV/adj EBITDA | 11.70 |
| EV/ EBITDA | 12.16 |
| EV/Revenues | 1.49 |
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 % | |
| 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 % |
Call Request
Comments Analysis: