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Chemanol closes at 3-year low
22/10/2023
Argaam Exclusive
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Methanol Chemicals Co. (Chemanol) dropped today, Oct. 22, over 2% to close at their lowest level in three years at SAR 19, after around 600,000 shares changed hands.
| Year High (SAR) | Year Low (SAR) |
| 146.80 | 85.25 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 223.46 | 39.39 |
The stock hit an intraday low of SAR 18.96.
The stock has lost about 25% year to date and nearly 62% compared to the highest share price since listing (SAR 49.70).
Market Data :
| Open | 25.84 |
| Low | 24.94 |
| High | 25.84 |
| Previous Close | 25.84 |
| Change (3M) | (37.31 %) |
| Change (6M) | (35.64 %) |
| Market Value | 375.00 |
| Avg. Volume (3M) | 225,401.53 |
| Avg. Turnover (3M) | 6,811,008.16 |
| Avg. Transaction (3M) | 1,551.33 |
| Change(12M) | (48.13 %) |
| YTD | (24.76 %) |
The company changed its capital as shown in the table below:
Adjustments to the capital (M Riyal) :
| Date | Type | Capital (M Riyal) | Change (%) |
| 2026 | Right Issue | 500.00 | 233.33% |
| 2026 | Reduction | 150.00 | (77.76%) |
| 2021 | Right Issue Cancelled | 1,225.01 | 81.61% |
| 2021 | Right Issue Cancelled | 1,154.50 | 71.16% |
| 2021 | Reduction | 674.51 | (44.07%) |
| 2008 | IPO | 1,206.00 | 100.00% |
Financial Performance :
Overview :
The company was established as a limited liability company in 1989 with capital of SAR 5.5 million under the name "Saudi Formaldehyde Chemical Company Limited." In 2006, its name was changed to "Methanol Chemicals Company Limited." It was converted into a joint-stock company in 2007, with its primary commercial registration in Dammam, which was re-registered in Jubail in 2008. In the same year, the company was converted into a Saudi public joint-stock company.
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 375.00 |
| Shares Outstanding ((M)) | 15.00 |
| Recurring EPS ( Riyal) (TTM) | (12.83 ) |
| Book Value (BV) ( Riyal) (Latest announcement) | 13.57 |
| Recurring P/E (TTM) | Neg |
| Price/book | 1.84 |
| Dividend Yield (%) (Last Year) | - |
| Return on Average Assets (%) (TTM) | (7.26 ) |
| Return on Average Equity (%) (TTM) | (32.02 ) |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 526.22 |
| EV/adj EBITDA | (11.56) |
| EV/ EBITDA | - |
| EV/Revenues | 0.92 |
Calendar :
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13 June
General Assembly
- -
31 October
General Assembly
- -
30 June
General Assembly
- -
19 October
General Assembly
- -
14 July
General Assembly
- -
06 August
General Assembly
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Call Request
Comments Analysis: