Al Arabia closes at highest price since debut

26/12/2023 Argaam Exclusive

Arabian Contracting Services Co. (Al Arabia) stock rose today, Dec. 26, by more than 3% to SAR 229.40, notching its highest close since its debut on the Saudi Exchange (Tadawul). Nearly 200,000 shares were traded.

Year High (SAR) Year Low (SAR)
211.82 95.09
Highest Since Debut (SAR) Lowest Since Debut (SAR)
211.82 77.00
Chart

The stock also hit an all-time high today at SAR 233, before paring gains.

 

The stock recorded year-to-date gains exceeding 100%.

Market Data :

Open 116.70
Low 115.00
High 116.70
Previous Close 117.00
Change (3M) 0.43 %
Change (6M) 6.64 %
Market Value 6,358.00
Avg. Volume (3M) 121,247.84
Avg. Turnover (3M) 14,542,146.97
Avg. Transaction (3M) 1,314.19
Change(12M) 2.12 %
YTD 0.00 %
Overview

The company has not made any changes to its capital since listing on Tadawul in December 2021, as indicated below:

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2024 Split   550.00 10.00%
2021 IPO   500.00 0.00%
2015 IPO   Cancelled 550.00 42.86%
Company Action

Financial Performance :

Financial Statements

Overview :

The company was established in 1983 as a limited liability company in Riyadh, with capital of SAR 1 million. In 2021, the company was converted into a Saudi joint-stock company. It operates via two key business segments: advertising and printing. The company establishes and operates indoor and outdoor billboards, in addition to conducting all kinds of printing including advertising material, commercial printing and binding.
Profile


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 6,358.01
Shares Outstanding ((M)) 55.00
EPS ( Riyal) (TTM) 3.42
Book Value (BV) ( Riyal) (Latest announcement) 28.21
Recurring P/E 33.81
Price/book 4.10
Dividend Yield (%) (Last Year) 1.81
Return on Average Assets (%) (TTM) 1.31
Return on Average Equity (%) (TTM) 12.80
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M Riyal) 8,683.79
EV/adj EBITDA -
EV/Revenues 4.45
Ratios


Analyst Estimates :

254.55

Fair Average Price

1

Number of Recommendations

Rating Research firm Current Price Target Price Change
Hold YAQEEN 232.18 254.55 9.63 %
Estimates

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