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MBC Group’s stock surges 220% since debut
22/01/2024
Argaam Exclusive
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MBC Group stock rose today, Jan. 22, to SAR 79.90, notching its highest price since debut on the Saudi Exchange (Tadawul).
With today's rise, the stock soared 220% as compared to its listing price at SAR 25.
| Year High (SAR) | Year Low (SAR) |
| 79.90 | 27.50 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 79.90 | 27.50 |
The stock is trading up 10%, with about 300,000 shares traded so far.
Market Data :
| Open | 26.78 |
| Low | 26.58 |
| High | 26.90 |
| Previous Close | 26.58 |
| Change (3M) | (17.28 %) |
| Change (6M) | (7.56 %) |
| Market Value | 8,944.25 |
| Avg. Volume (3M) | 291,430.30 |
| Avg. Turnover (3M) | 8,653,260.32 |
| Avg. Transaction (3M) | 990.48 |
| Change(12M) | (44.88 %) |
| YTD | (14.87 %) |
The group listed its shares on the market on Jan. 8, marking the first listing on Tadawul during 2024.
Adjustments to the capital (M Riyal) :
| Date | Type | Capital (M Riyal) | Change (%) |
| 2023 | IPO | 3,325.00 | 11.11% |
Financial Performance :
Overview :
MBC Group Co. started operations in 1991 in London. In 2001, the group moved its headquarters from London to Dubai Media City before moving it to Riyadh in 2022. The firm expanded its business by launching new channels in 2002. In 2009, it launched its Shahid platform, and eventually came to operate 13 free-to-air (FTA) TV channels. In 2023, the group was established as a closed joint-stock company with capital of SAR 500,000. Two years later, the Public Investment Fund (PIF) acquired a 54% stak...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 8,944.26 |
| Shares Outstanding ((M)) | 332.50 |
| EPS ( ) (TTM) | 1.15 |
| Book Value (BV) ( Riyal) (Latest announcement) | 13.68 |
| Recurring P/E | 26.97 |
| Price/book | 1.97 |
| Dividend Yield (%) (Last Year) | 0.00 |
| Return on Average Assets (%) (TTM) | 4.48 |
| Return on Average Equity (%) (TTM) | 8.77 |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 7,761.05 |
| EV/adj EBITDA | - |
| EV/Revenues | 1.44 |
Analyst Estimates :
51.75
Fair Average Price
2
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Neutral | SNB Capital | 79.90 | 60.50 | (24.28 %) | |
| Neutral | JP Morgan | 79.90 | 43.00 | (46.18 %) |
Call Request
Comments Analysis: