Saudi Aramco plunges to lowest price since August 2024

04/03/2025 Argaam Exclusive

Shares of TASI-listed Saudi Arabian Oil Co. (Saudi Aramco) hit today, March 4, the lowest price since August 2024 at SAR 26.85 apiece.

 

The stock is down 2%, with around 12 million shares traded so far.

 

This came as the Saudi oil giant announced earlier today posting Q4 2024 earnings of SAR 87.3 billion, down 15% year-on-year (YoY). It also declared a SAR 0.33 per share dividend.

Year High (SAR) Year Low (SAR)
32.65 26.80
Highest Since Debut (SAR) Lowest Since Debut (SAR)
39.41 22.32
Chart

Market Data :

Open 23.75
Low 23.57
High 23.81
Previous Close 23.75
Change (3M) (2.07 %)
Change (6M) (5.52 %)
Market Value 5,711,200.00
Avg. Volume (3M) 11,995,600.38
Avg. Turnover (3M) 300,711,651.00
Avg. Transaction (3M) 16,717.73
Change(12M) (16.16 %)
YTD (15.86 %)
Overview

Saudi Aramco made several capital adjustments since its listing on the Main Market (TASI), as shown in the following table:

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2024 Secondary Offering   90,000.00 0.00%
2023 Split   90,000.00 20.00%
2022 Split   75,000.00 25.00%
2019 IPO   60,000.00 0.00%
Company Action

Financial Performance :

Financial Statements

Overview :

Saudi Aramco is the state-owned oil company of the Kingdom of Saudi Arabia, and the world's largest producer of oil and chemicals. Over the past 80 years, the company has become a world leader in hydrocarbons exploration, production, refining, distribution and marketing. In 1988, the company was incorporated by a royal decree, establishing a new company to take over the responsibilities of an oil concession initially signed in 1933 between the Saudi government and Standard Oil Company of C...
Profile


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 5,711,205.81
Shares Outstanding ((M)) 242,000.00
EPS ( Riyal) (TTM) 1.51
Book Value (BV) ( Riyal) (Latest announcement) 6.20
Recurring P/E 15.27
Price/book 3.81
Dividend Yield (%) (Last Year) 7.52
Return on Average Assets (%) (TTM) 14.72
Return on Average Equity (%) (TTM) 24.44
Par Value ( Riyal) -
Enterprise Value (EV) (M Riyal) 5,988,316.81
EV/adj EBITDA 7.15
EV/Revenues 3.56
Ratios


Analyst Estimates :

30.56

Fair Average Price

8

Number of Recommendations

Rating Research firm Current Price Target Price Change
Hold kepler cheuvreux 26.90 28.00 4.09 %
Neutral RBC Capital 26.90 32.00 18.96 %
Underweight Bernstein Research 29.90 28.00 (6.35 %)
Neutral Exane 27.10 26.50 (2.21 %)
Overweight JP Morgan 27.70 30.50 10.11 %
Buy Jefferies 27.70 32.00 15.52 %
Buy Alawwal Capital 27.65 35.41 28.07 %
Overweight AlJazira Capital 28.00 32.10 14.64 %
Estimates

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