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Arabian Drilling closes at highest price since debut
14/01/2024
Argaam Exclusive
AI Summary
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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 | 75.20 |
| Low | 73.85 |
| High | 75.30 |
| Previous Close | 75.20 |
| Change (3M) | (6.12 %) |
| Change (6M) | (24.95 %) |
| Market Value | 6,586.00 |
| Avg. Volume (3M) | 206,447.54 |
| Avg. Turnover (3M) | 16,631,749.25 |
| Avg. Transaction (3M) | 1,780.95 |
| Change(12M) | (37.23 %) |
| YTD | (32.62 %) |
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...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 6,572.66 |
| Shares Outstanding ((M)) | 89.00 |
| EPS ( ) (TTM) | 2.67 |
| Book Value (BV) ( Riyal) (Latest announcement) | 66.24 |
| Recurring P/E | 29.65 |
| Price/book | 1.11 |
| Dividend Yield (%) (Last Year) | 3.65 |
| Return on Average Assets (%) (TTM) | 2.26 |
| Return on Average Equity (%) (TTM) | 4.03 |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 9,181.71 |
| EV/adj EBITDA | 6.62 |
| EV/Revenues | 2.63 |
Calendar :
-
18 March
Ex-dividend Date
- -
02 April
Cash Dividend Distribution
- -
24 June
General Assembly
- -
05 August
Financial results date
- -
05 August
Ex-dividend Date
- -
06 August
Conferences
-
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 % |
Call Request
Comments Analysis: