22/12/2024 Argaam Exclusive
AI Summary
Shares of Savola Group rose 2% today, Dec. 22, closing at the highest level since October 2015 at SAR 37.7 per share, with around 8.7 million shares traded.
The stock hit an intraday high of SAR 40.6.
| Year High (SAR) | Year Low (SAR) |
| 40.60 | 23.03 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 97.26 | 2.67 |
| Open | 24.36 |
| Low | 24.26 |
| High | 24.69 |
| Previous Close | 24.38 |
| Change (3M) | 3.70 % |
| Change (6M) | 8.53 % |
| Market Value | 7,407.00 |
| Avg. Volume (3M) | 668,342.25 |
| Avg. Turnover (3M) | 15,298,065.93 |
| Avg. Transaction (3M) | 3,136.28 |
| Change(12M) | (21.49 %) |
| YTD | 12.79 % |
The company made several adjustments to its capital since its listing on Tadawul in February 1991.
Recently, Savola’s extraordinary general meeting (EGM) approved a 73.54% capital reduction from SAR 11.34 billion to SAR 3 billion.
The EGM also approved distributing the company’s entire stake in Almarai Co. as an in-kind dividend to eligible shareholders. This distribution comprises 345.22 million ordinary shares, representing 34.52% of Almarai’s capital.
| Date | Type | Capital (M Riyal) | Change (%) |
| 2024 | Reduction | 3,000.00 | (73.54%) |
| 2024 | Right Issue | 11,339.81 | 112.36% |
| 2013 | Private Offering | 5,339.81 | 6.80% |
| 2008 | Split | 5,000.00 | 33.33% |
| 2006 | Split | 3,750.00 | 25.00% |
| 2006 | Split | 3,000.00 | 66.67% |
| 2006 | Right Issue | 1,800.00 | 20.00% |
| 2005 | Split | 1,500.00 | 20.00% |
| 2005 | Split | 1,250.00 | 25.00% |
| 2004 | Split | 1,000.00 | 25.00% |
| Financial Ratio | Current |
| Market Cap (M Riyal) | 7,407.01 |
| Shares Outstanding ((M)) | 300.00 |
| EPS ( ) (TTM) | 2.91 |
| Book Value (BV) ( Riyal) (Latest announcement) | 18.39 |
| Recurring P/E | 13.03 |
| Price/book | 1.34 |
| Dividend Yield (%) (Last Year) | 6.89 |
| Return on Average Assets (%) (TTM) | 4.18 |
| Return on Average Equity (%) (TTM) | 17.25 |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 9,261.03 |
| EV/adj EBITDA | 4.17 |
| EV/Revenues | 0.36 |
Fair Average Price
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Buy | EFG-Hermes | 30.55 | 37.00 | 21.11 % | |
| Hold | HSBC | 30.55 | 29.98 | (1.87 %) | |
| Neutral | Al Rajhi Capital | 27.78 | 30.00 | 7.99 % | |
| Sell | AlphaMena | 26.46 | 21.32 | (19.43 %) | |
| Buy | Bank of America | 27.59 | 39.64 | 43.69 % | |
| Neutral | EFG-Hermes | 27.85 | 30.00 | 7.69 % | |
| Overweight | SNB Capital | 27.85 | 39.64 | 42.31 % | |
| Neutral | Goldman Sachs | 28.12 | 31.71 | 12.76 % |
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