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NADEC shares close at all-time high
24/01/2024
Argaam Exclusive
AI Summary
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Shares of National Agricultural Development Co. (NADEC) rose 4% today, Jan. 24, to close at SAR 30.10 each — the highest price since 2006, after nearly 2.7 million shares changed hands.
The stock hit an intraday high of SAR 30.90 — the highest since listing.
| Year High (SAR) | Year Low (SAR) |
| 30.90 | 10.79 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 30.90 | 1.40 |
Accordingly, the stock has gained over 160% year-to-date (YTD).
Market Data :
| Open | 21.86 |
| Low | 21.62 |
| High | 21.96 |
| Previous Close | 21.82 |
| Change (3M) | (8.54 %) |
| Change (6M) | (15.55 %) |
| Market Value | 6,521.46 |
| Avg. Volume (3M) | 1,249,250.70 |
| Avg. Turnover (3M) | 26,908,973.13 |
| Avg. Transaction (3M) | 2,743.49 |
| Change(12M) | (30.03 %) |
| YTD | (12.40 %) |
The company amended its capital several times through bonus share distributions and rights issues.
Adjustments to the capital (M Riyal) :
| Date | Type | Capital (M Riyal) | Change (%) |
| 2023 | Right Issue | 3,016.40 | 196.77% |
| 2020 | Split | 1,016.40 | 20.00% |
| 2017 | Private Offering Cancelled | 1,382.86 | 63.27% |
| 2016 | Split | 847.00 | 10.00% |
| 2015 | Split | 770.00 | 10.00% |
| 2014 | Split | 700.00 | 16.67% |
| 2008 | Split | 600.00 | 50.00% |
Financial Performance :
Overview :
The company was established in 1981 with an initial capital of SAR 400 million. In 1984, it opened its first fresh milk and dairy products plant. Two years later, packaging operations for milk and dairy items commenced. The organization was transitioned into a public joint-stock company in 1993 and subsequently established its largest dairy farm in 2015.
The company’s core activities include agricultural and livestock production, agricultural land reclamation, food processing, and the mar...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 6,521.46 |
| Shares Outstanding ((M)) | 301.64 |
| EPS ( ) (TTM) | 2.58 |
| Book Value (BV) ( Riyal) (Latest announcement) | 14.59 |
| Recurring P/E | 15.52 |
| Price/book | 1.48 |
| Dividend Yield (%) (Last Year) | 0.00 |
| Return on Average Assets (%) (TTM) | 13.34 |
| Return on Average Equity (%) (TTM) | 19.19 |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M) | 4,953.42 |
| EV/adj EBITDA | 7.10 |
| EV/Revenues | 1.42 |
Call Request
Comments Analysis: