Arabian Drilling closes at highest price since debut

14/01/2024 Argaam Exclusive

Arabian Drilling Co. (ADC), listed on the main market (TASI), rose 1% today, Jan. 14, to SAR 208.20, notching its highest close since its debut. Nearly 155,000 shares were traded.

Year High (SAR) Year Low (SAR)
211.60 124.20
Highest Since Debut (SAR) Lowest Since Debut (SAR)
211.60 100.00

With today's rise, the stock's gained about 110%, compared to its listing price of SAR 100.

Market Data :

Open 74.40
Low 74.30
High 74.85
Previous Close 74.15
Change (3M) (15.10 %)
Change (6M) (16.01 %)
Market Value 6,630.50
Avg. Volume (3M) 169,983.32
Avg. Turnover (3M) 13,039,232.89
Avg. Transaction (3M) 1,420.23
Change(12M) (29.85 %)
YTD (33.24 %)

The company did not make any amendments to its capital since listing on TASI on Nov. 7, 2022. 

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2022 IPO   890.00 42.86%

Financial Performance :

Overview :

Established as a joint venture in 1964, the company was converted into a closed joint-stock company five years later with capital of SAR 2 million. Over the years, the company experienced significant growth, securing Saudi Aramco as a client in 1972 and transforming into a limited liability company in 1999. In 2013, Schlumberger joined the company's client base. The firm received the Saudi Aramco Excellence Award for “Highest Overall IKTVA Performance” in 2019. Subsequently, it r...


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 6,630.51
Shares Outstanding ((M)) 89.00
EPS ( Riyal) (TTM) 2.67
Book Value (BV) ( Riyal) (Latest announcement) 66.24
Recurring P/E 29.85
Price/book 1.12
Dividend Yield (%) (Last Year) 3.62
Return on Average Assets (%) (TTM) 2.26
Return on Average Equity (%) (TTM) 4.03
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M Riyal) 9,239.56
EV/adj EBITDA 6.66
EV/Revenues 2.65


Analyst Estimates :

188

Fair Average Price

1

Number of Recommendations

Rating Research firm Current Price Target Price Change
Neutral Al Rajhi Capital 187.60 188.00 0.21 %

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