Chemanol closes at 3-year low

22/10/2023 Argaam Exclusive

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)
32.65 18.96
Highest Since Debut (SAR) Lowest Since Debut (SAR)
49.70 8.76

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 10.22
Low 10.22
High 10.66
Previous Close 10.22
Change (3M) (12.77 %)
Change (6M) (26.33 %)
Market Value 709.57
Avg. Volume (3M) 433,866.09
Avg. Turnover (3M) 5,042,085.24
Avg. Transaction (3M) 1,338.97
Change(12M) (38.84 %)
YTD (43.14 %)

The company changed its capital as shown in the table below:

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2024 Right Issue   1,024.51 51.89%
2021 Right Issue   Cancelled 1,225.01 81.61%
2021 Reduction   674.51 (44.07%)
2020 Right Issue   Cancelled 1,154.50 71.16%
2008 IPO   1,206.00 100.00%

Financial Performance :

Overview :

The company was established in 1989 in Jubail as a limited liability company under the name of Saudi Formaldehyde Chemical Company Limited, with capital of SAR 5.5 million, under Commercial Registration No. 2055001870. It commenced trial operations of its plant in 1991. In 2006, the company’s  name was changed to Methanol Chemicals Company Ltd. Subsequently, it underwent a corporate restructuring, transitioning to a closed joint-stock company in 2007 under Commercial Registration No. ...


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 709.57
Shares Outstanding ((M)) 67.45
EPS ( Riyal) (TTM) (10.19 )
Book Value (BV) ( Riyal) (Latest announcement) 4.46
Recurring P/E Neg
Price/book 2.36
Dividend Yield (%) (Last Year) 0.00
Return on Average Assets (%) (TTM) (39.87 )
Return on Average Equity (%) (TTM) (106.67 )
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M Riyal) 1,120.29
EV/adj EBITDA (28.41)
EV/Revenues 1.65


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