Saudi German Health notches highest close since debut

03/12/2023 Argaam Exclusive

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
Chart

Year to date, the stock gained 200%.

Market Data :

Open 34.00
Low 32.40
High 34.46
Previous Close 34.48
Change (3M) (36.82 %)
Change (6M) (32.94 %)
Market Value 3,166.18
Avg. Volume (3M) 549,639.47
Avg. Turnover (3M) 24,933,907.55
Avg. Transaction (3M) 2,610.52
Change(12M) (52.09 %)
YTD (49.93 %)
Overview

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%
Company Action

Financial Performance :

Financial Statements

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 ...
Profile


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 3,166.18
Shares Outstanding ((M)) 92.04
EPS ( Riyal) (TTM) 4.03
Book Value (BV) ( Riyal) (Latest announcement) 20.03
Recurring P/E 14.95
Price/book 1.72
Dividend Yield (%) (Last Year) 1.45
Return on Average Assets (%) (TTM) 7.11
Return on Average Equity (%) (TTM) 22.24
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M Riyal) 5,457.10
EV/adj EBITDA 8.51
EV/Revenues 1.79
Ratios


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 %
Estimates

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