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MESC closes at 2-year peak
13/12/2023
Argaam Exclusive
AI Summary
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Middle East Specialized Cables Co.’s (MESC) stock rose 3% today, Dec. 13, to SAR 20.98, notching the highest close since February 2022, as about 1.5 million shares changed hands.
The stock posted an intraday high of SAR 21.18.
| Year High (SAR) | Year Low (SAR) |
| 21.18 | 8.99 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 146.09 | 6.84 |
Accordingly, year-to-date gains reached more than 100%.
Market Data :
| Open | 32.88 |
| Low | 32.44 |
| High | 33.80 |
| Previous Close | 32.52 |
| Change (3M) | 9.28 % |
| Change (6M) | 18.64 % |
| Market Value | 1,328.80 |
| Avg. Volume (3M) | 442,613.68 |
| Avg. Turnover (3M) | 14,586,949.25 |
| Avg. Transaction (3M) | 1,934.80 |
| Change(12M) | 6.07 % |
| YTD | 56.18 % |
The company made several changes to its capital since listing on the Saudi Exchange (Tadawul), as indicated below:
Adjustments to the capital (M Riyal) :
| Date | Type | Capital (M Riyal) | Change (%) |
| 2018 | Bonus Shares | 400.00 | (33.33%) |
| 2013 | Right Issue | 600.00 | 50.00% |
| 2008 | Bonus Shares | 400.00 | 25.00% |
| 2007 | IPO | 320.00 | 0.00% |
Financial Performance :
Overview :
The company was established as a limited liability company in Riyadh with capital of SAR 19 million in 1992. In 2007, it was converted into a closed Saudi joint-stock company, and by the end of the same year, it was converted into a Saudi public joint-stock company.
Activities and Business Segments
The company manufactures and sells various types of cables, including specialized industrial cables used in petrochemicals, oil, gas, energy, and heavy industry projects. Its product line also i...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 1,328.80 |
| Shares Outstanding ((M)) | 40.00 |
| Recurring EPS ( Riyal) (TTM) | 2.93 |
| Book Value (BV) ( Riyal) (Latest announcement) | 14.15 |
| Recurring P/E (TTM) | 11.32 |
| Price/book | 2.35 |
| Dividend Yield (%) (Last Year) | 3.01 |
| Return on Average Assets (%) (TTM) | 9.00 |
| Return on Average Equity (%) (TTM) | 22.05 |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 1,577.99 |
| EV/adj EBITDA | 8.76 |
| EV/ EBITDA | - |
| EV/Revenues | 0.91 |
Calendar :
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06 June
General Assembly
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12 December
General Assembly
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24 February
General Assembly
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17 June
Ex-dividend Date
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17 June
General Assembly
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08 July
Cash Dividend Distribution
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Call Request
Comments Analysis: