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Riyadh Cables closes at highest price since debut
07/12/2023
Argaam Exclusive
AI Summary
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Riyadh Cable Group Co.’s stock rose today, Dec. 7, by more than 1% to SAR 84.90, notching its highest close since its debut on the Saudi Exchange (Tadawul). Nearly 816,000 shares were traded.
The stock hit an intraday high at SAR 87.90.
| Year High (SAR) | Year Low (SAR) |
| 87.90 | 35.60 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 87.90 | 35.60 |
Accordingly, gains compared to the listing price of SAR 43 reached 100%.
Market Data :
| Open | 142.50 |
| Low | 140.50 |
| High | 142.90 |
| Previous Close | 142.50 |
| Change (3M) | 7.51 % |
| Change (6M) | 11.40 % |
| Market Value | 21,255.00 |
| Avg. Volume (3M) | 265,185.30 |
| Avg. Turnover (3M) | 34,179,354.75 |
| Avg. Transaction (3M) | 3,905.16 |
| Change(12M) | 40.30 % |
| YTD | 2.83 % |
The company hasn’t made any changes to its capital since listing on the Saudi Exchange in December 2022, as indicated below:
Adjustments to the capital (M Riyal) :
| Date | Type | Capital (M Riyal) | Change (%) |
| 2022 | IPO | 1,500.00 | 0.00% |
Financial Performance :
Overview :
The company was established in 1984 as a limited liability company in Riyadh under the name “Saudi Modern Company for Cables Industry Ltd. (Riyadh Cables),” with a capital of SAR 7.5 million. The company produces, markets and sells cables, electric wires, conductors and optic fibers. It also manufactures electrical connections, wire extension channels made of plastic and other materials, electrical sockets and outlets, as well as insulated wires and cables made of steel, copper or al...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 21,255.02 |
| Shares Outstanding ((M)) | 150.00 |
| EPS ( ) (TTM) | 6.82 |
| Book Value (BV) ( Riyal) (Latest announcement) | 19.43 |
| Recurring P/E | 20.79 |
| Price/book | 7.29 |
| Dividend Yield (%) (Last Year) | 2.47 |
| Return on Average Assets (%) (TTM) | 16.25 |
| Return on Average Equity (%) (TTM) | 38.45 |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 21,896.41 |
| EV/adj EBITDA | 17.33 |
| EV/Revenues | 2.16 |
Calendar :
-
04 February
General Assembly
- -
13 March
Conferences
- -
21 April
Ex-dividend Date
- -
21 April
General Assembly
- -
15 May
Conferences
- -
06 August
Conferences
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Analyst Estimates :
83.5
Fair Average Price
2
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Neutral | GIB Capital | 84.90 | 92.00 | 8.36 % | |
| Neutral | Riyad Capital | 73.20 | 75.00 | 2.46 % |
Call Request
Comments Analysis: