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Saudi Aramco plunges to lowest price since August 2024
04/03/2025
Argaam Exclusive
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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 |
Market Data :
| Open | 24.80 |
| Low | 24.66 |
| High | 24.84 |
| Previous Close | 24.90 |
| Change (3M) | (0.92 %) |
| Change (6M) | (14.41 %) |
| Market Value | 6,006,440.00 |
| Avg. Volume (3M) | 12,055,774.12 |
| Avg. Turnover (3M) | 306,653,489.25 |
| Avg. Transaction (3M) | 21,407.51 |
| Change(12M) | (10.40 %) |
| YTD | (11.52 %) |
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% |
Financial Performance :
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...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 6,006,446.05 |
| Shares Outstanding ((M)) | 242,000.00 |
| EPS ( ) (TTM) | 1.60 |
| Book Value (BV) ( Riyal) (Latest announcement) | 6.09 |
| Adjusted P/E (Last12) | 15.56 |
| Price/book | 4.08 |
| Dividend Yield (%) (Last Year) | 7.15 |
| Return on Average Assets (%) (TTM) | 15.68 |
| Return on Average Equity (%) (TTM) | 25.77 |
| Par Value ( Riyal) | - |
| Enterprise Value (EV) (M) | 6,240,780.05 |
Calendar :
-
17 March
Ex-dividend Date
- -
26 March
Cash Dividend Distribution
- -
11 May
Financial results date
- -
19 May
General Assembly
- -
21 May
Ex-dividend Date
- -
29 May
Cash Dividend Distribution
-
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 % |
Call Request
Comments Analysis: