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Riyadh Cables hits highest price since debut
30/01/2024
Argaam Exclusive
AI Summary
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Shares of Riyadh Cables Group Co. hit today, Jan. 30, the highest level since listing on the Saudi Exchange (Tadawul) at SAR 115 apiece.
| Year High (SAR) | Year Low (SAR) |
| 115.00 | 39.75 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 115.00 | 35.60 |
The stock closed 4% lower at SAR 105.40, with about 600,000 shares traded.
Market Data :
| Open | 137.60 |
| Low | 137.60 |
| High | 144.20 |
| Previous Close | 137.60 |
| Change (3M) | 6.36 % |
| Change (6M) | (1.51 %) |
| Market Value | 21,570.00 |
| Avg. Volume (3M) | 258,788.95 |
| Avg. Turnover (3M) | 33,350,009.83 |
| Avg. Transaction (3M) | 2,899.75 |
| Change(12M) | 48.55 % |
| YTD | 4.35 % |
The company did not make any capital adjustments since its listing on Tadawul in December 2022, as shown below:
Adjustments to the capital (M Riyal) :
| Date | Type | Capital (M Riyal) | Change (%) |
| 2022 | IPO | 1,500.00 | 0.00% |
Financial Performance :
Overview :
The company was established in 1984 as a limited liability company in Riyadh under the name “Saudi Modern Company for Cables Industry Ltd. (Riyadh Cables),” with a capital of SAR 7.5 million. The company produces, markets and sells cables, electric wires, conductors and optic fibers. It also manufactures electrical connections, wire extension channels made of plastic and other materials, electrical sockets and outlets, as well as insulated wires and cables made of steel, copper or al...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 21,570.02 |
| Shares Outstanding ((M)) | 150.00 |
| EPS ( ) (TTM) | 6.02 |
| Book Value (BV) ( Riyal) (Latest announcement) | 19.33 |
| Adjusted P/E (Last12) | 23.90 |
| Price/book | 7.44 |
| Dividend Yield (%) (Last Year) | 2.43 |
| Return on Average Assets (%) (TTM) | 15.60 |
| Return on Average Equity (%) (TTM) | 33.83 |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M) | 21,918.09 |
Calendar :
-
04 February
General Assembly
- -
13 March
Conferences
- -
21 April
Ex-dividend Date
- -
21 April
General Assembly
- -
15 May
Conferences
- -
06 August
Conferences
-
Analyst Estimates :
83.5
Fair Average Price
2
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Neutral | GIB Capital | 84.90 | 92.00 | 8.36 % | |
| Neutral | Riyad Capital | 73.20 | 75.00 | 2.46 % |
Call Request
Comments Analysis: