Electrical Industries records highest close since listing

02/01/2024 Argaam Exclusive

Shares of  Electrical Industries Co. hit a lifetime high today, Jan. 2, closing 5% higher at SAR 3.02 apiece, the highest since listing on the Saudi Exchange (Tadawul). 

 

About 17 million shares were traded during the day. 

 

The stock reached an intraday high of SAR 3.06. 

Year High (SAR) Year Low (SAR)
3.06 0.94
Highest Since Debut (SAR) Lowest Since Debut (SAR)
3.06 0.46

Accordingly, the stock’s gains in the last 12 months stood at more than 200%. 

Market Data :

Open 8.62
Low 8.56
High 8.95
Previous Close 8.61
Change (3M) 53.38 %
Change (6M) 20.90 %
Market Value 9,956.25
Avg. Volume (3M) 6,171,038.02
Avg. Turnover (3M) 45,793,530.79
Avg. Transaction (3M) 4,900.41
Change(12M) 39.81 %
YTD 22.24 %

The company reduced the stock par value in October 2023 and the stock price was adjusted to SAR 2.05. Since then, the stock has risen about 50%. 

 

Electrical Industries carried out one adjustment to its capital last year through a bonus share issue. 

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2023 Split   562.50 25.00%
2014 IPO   450.00 0.00%

Financial Performance :

Overview :

The company was founded in 2007 as a closed Saudi joint-stock company in Dammam, with capital of SAR 2 million. In 2014, it was converted into a public Saudi joint-stock company. The company's primary business activities revolve around the manufacturing, assembly, supply, installation, and maintenance of a wide range of electrical equipment, including electrical transformers, compact distribution substations, small and medium power transformers, low voltage distribution panels, cable trays ...


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 9,956.26
Shares Outstanding ((M)) 1,125.00
EPS ( Halala) 39.99
Book Value (BV) ( Riyal) (Latest announcement) 0.83
Recurring P/E 21.27
Price/book 10.70
Dividend Yield (%) (Last Year) 2.54
Return on Average Assets (%) (TTM) 22.29
Return on Average Equity (%) (TTM) 54.03
Par Value ( Halala) 50.00
Enterprise Value (EV) (M) 9,684.09
EV/adj EBITDA 16.70
EV/Revenues 4.71


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