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East Pipes closes at highest price since debut
26/11/2023
Argaam Exclusive
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East Pipes Integrated Company for Industry's stock rose today, Nov. 26, by over 2% to SAR 72.60, notching its highest close since debut on the Saudi Exchange (Tadawul).
Nearly 370,000 shares were traded.
East Pipes hit an intraday high of SAR 73.50.
| Year High (SAR) | Year Low (SAR) |
| 73.50 | 36.50 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 73.50 | 36.50 |
This increase brought year-to-date gains to more than 90%, and around 16% since this month's start.
Market Data :
| Open | 117.60 |
| Low | 114.10 |
| High | 119.50 |
| Previous Close | 117.60 |
| Change (3M) | 3.71 % |
| Change (6M) | (21.03 %) |
| Market Value | 3,606.75 |
| Avg. Volume (3M) | 151,603.78 |
| Avg. Turnover (3M) | 17,132,461.92 |
| Avg. Transaction (3M) | 2,317.38 |
| Change(12M) | (23.46 %) |
| YTD | (18.45 %) |
The company raised its capital once through a bonus issue, as indicated in the table below:
Adjustments to the capital (M Riyal) :
| Date | Type | Capital (M Riyal) | Change (%) |
| 2022 | Split | 315.00 | 50.00% |
| 2022 | IPO | 210.00 | 0.00% |
Financial Performance :
Overview :
Founded in 2010 in Dammam as a limited liability company with an initial capital of SAR 500,000, the company was originally named Pipe Development for Pipe Manufacturing Company. In the same year, the company's name was changed to Welspun Middle East Pipes Company. In 2020, the company merged with Welspun Middle East Pipe Lining and Coating Company (Welspun Coating), subsequently transitioning into a closed Saudi joint-stock company, adopting the name of East Pipes Integrated Company for Ind...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 3,606.75 |
| Shares Outstanding ((M)) | 31.50 |
| EPS ( ) (TTM) | 12.73 |
| Book Value (BV) ( Riyal) (Latest announcement) | 38.89 |
| Recurring P/E | 8.99 |
| Price/book | 2.94 |
| Dividend Yield (%) (Last Year) | 3.49 |
| Return on Average Assets (%) (TTM) | 25.52 |
| Return on Average Equity (%) (TTM) | 37.35 |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 3,455.84 |
| EV/adj EBITDA | 7.31 |
| EV/Revenues | 1.86 |
Calendar :
-
05 August
Ex-dividend Date
- -
05 August
General Assembly
- -
21 August
Cash Dividend Distribution
- -
01 January
Ex-dividend Date
- -
21 January
Cash Dividend Distribution
- -
22 January
General Assembly
-
Call Request
Comments Analysis: