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Saudi German Health notches highest close since debut
03/12/2023
Argaam Exclusive
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Middle East Healthcare Co. (Saudi German Health) jumped 10% today, Dec. 3, to SAR 86.20 per share — the highest close since its debut, after nearly 1.3 million shares were traded.
| Year High (SAR) | Year Low (SAR) |
| 86.20 | 25.00 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 86.20 | 23.88 |
Year to date, the stock gained 200%.
Market Data :
| Open | 54.50 |
| Low | 53.70 |
| High | 54.55 |
| Previous Close | 54.30 |
| Change (3M) | 6.14 % |
| Change (6M) | (22.88 %) |
| Market Value | 5,011.58 |
| Avg. Volume (3M) | 273,921.22 |
| Avg. Turnover (3M) | 15,432,870.82 |
| Avg. Transaction (3M) | 2,268.34 |
| Change(12M) | (24.16 %) |
| YTD | (20.74 %) |
The company has not made any changes to its capital since its listing on the Saudi Exchange (Tadawul) in March 2016.
Adjustments to the capital (M Riyal) :
| Date | Type | Capital (M Riyal) | Change (%) |
| 2022 | Right Issue Cancelled | 1,160.40 | 26.08% |
| 2016 | IPO | 920.40 | 0.00% |
Financial Performance :
Overview :
The Saudi public joint-stock company commenced its operations in 1988 with a single hospital in Jeddah. A decade later, in 1998, it pioneered the integration of information technology, including electronic medical records and automation, into the Middle Eastern healthcare sector. In 2004, the company was transitioned into a Saudi closed joint-stock company with capital of SAR 590 million. Its expansion beyond Saudi Arabia commenced in 2006, and by 2007, “Arabian Business” recognized ...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 5,011.58 |
| Shares Outstanding ((M)) | 92.04 |
| EPS ( ) (TTM) | 4.27 |
| Book Value (BV) ( Riyal) (Latest announcement) | 19.60 |
| Recurring P/E | 21.49 |
| Price/book | 2.78 |
| Dividend Yield (%) (Last Year) | 0.92 |
| Return on Average Assets (%) (TTM) | 7.43 |
| Return on Average Equity (%) (TTM) | 24.28 |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 7,362.31 |
| EV/adj EBITDA | 11.13 |
| EV/Revenues | 2.45 |
Calendar :
-
12 February
IPO/ Subscription
- -
25 February
IPO/ Subscription
- -
13 March
listing date
- -
13 June
General Assembly
- -
08 July
Ex-dividend Date
- -
08 July
General Assembly
-
Analyst Estimates :
66.75
Fair Average Price
4
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Hold | United Securities Company | 70.00 | 72.00 | 2.86 % | |
| Neutral | Al Rajhi Capital | 69.10 | 71.00 | 2.75 % | |
| Hold | United Securities Company | 69.90 | 63.00 | (9.87 %) | |
| Neutral | Al Rajhi Capital | 60.00 | 61.00 | 1.67 % |
Call Request
Comments Analysis: