flynas shares hit all-time low

19/11/2025 Argaam Exclusive

TASI-listed flynas hit its lowest level since listing during today’s session, Nov. 19, reaching SAR 68.85.

 

The stock is down 1%.

Year High (SAR) Year Low (SAR)
84.10 68.50
Highest Since Debut (SAR) Lowest Since Debut (SAR)
84.10 68.50

The Saudi carrier listed its shares on TASI in June at SAR 80 per share.

 

Accordingly, the stock has lost nearly 14% from its listing price.

Market Data :

Open 69.55
Low 68.50
High 70.10
Previous Close 69.55
Change (3M) (12.07 %)
Change (6M) n/a
Market Value 11,874.08
Avg. Volume (3M) 476,790.12
Avg. Turnover (3M) 37,039,407.78
Avg. Transaction (3M) 4,363.46
Change(12M) n/a
YTD n/a

The airline has made no changes to its capital structure since listing.

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2025 IPO   1,708.52 11.36%

Financial Performance :

Overview :

Established in Riyadh in 2010 as a limited liability company with capital of SAR 300,000, the company initially operated as a subsidiary of NAS Holding, which was founded in 1999. NAS Holding secured the inaugural Saudi air operator certificate from the General Authority of Civil Aviation (GACA) in 2007, enabling the launch of scheduled low-cost flights under the NasAir brand. In 2013, the company rebranded to flynas, and two years later, the air operator certificate was transferred from NAS Hol...


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 11,942.43
Shares Outstanding ((M)) 170.85
EPS ( Riyal) (TTM) (3.83 )
Book Value (BV) ( Riyal) (Latest announcement) 20.47
Recurring P/E 35.81
Price/book 3.42
Dividend Yield (%) (Last Year) -
Return on Average Assets (%) (TTM) (4.23 )
Return on Average Equity (%) (TTM) (25.06 )
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M Riyal) 8,873.84
EV/adj EBITDA 3.74
EV/Revenues 1.15


Analyst Estimates :

93.4

Fair Average Price

1

Number of Recommendations

Rating Research firm Current Price Target Price Change
Overweight ANB Capital 78.00 93.40 19.74 %

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