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Savola hits highest price since October 2020
07/02/2024
Argaam Exclusive
AI Summary
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Shares of Savola Group, listed under the food and beverages sector, rose today, Feb. 7, to SAR 50.80, recording their highest price since October 2020.
It closed 4% lower at SAR 46.15 per share.
| Year High (SAR) | Year Low (SAR) |
| 31.92 | 16.43 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 97.26 | 2.67 |
The stock witnessed active trading of about 8.7 million shares.
Market Data :
| Open | 26.06 |
| Low | 25.78 |
| High | 26.28 |
| Previous Close | 26.00 |
| Change (3M) | (3.20 %) |
| Change (6M) | (8.93 %) |
| Market Value | 7,758.00 |
| Avg. Volume (3M) | 555,566.28 |
| Avg. Turnover (3M) | 13,480,937.43 |
| Avg. Transaction (3M) | 1,928.58 |
| Change(12M) | (8.76 %) |
| YTD | (29.16 %) |
The company made several capital changes via acquisitions, bonus share distributions, and rights issues.
Savola’s board of directors recommended today raising capital by SAR 6 billion through a rights issue.
Adjustments to the capital (M Riyal) :
| Date | Type | Capital (M Riyal) | Change (%) |
| 2024 | Reduction | 3,000.00 | (73.54%) |
| 2024 | Right Issue | 11,339.81 | 112.36% |
| 2013 | Private Offering | 5,339.81 | 6.80% |
| 2008 | Split | 5,000.00 | 33.33% |
| 2006 | Split | 3,750.00 | 25.00% |
| 2006 | Split | 3,000.00 | 66.67% |
| 2006 | Right Issue | 1,800.00 | 20.00% |
| 2005 | Split | 1,500.00 | 20.00% |
| 2005 | Split | 1,250.00 | 25.00% |
| 2004 | Split | 1,000.00 | 25.00% |
Financial Performance :
Overview :
Founded in Jeddah in 1979 as a Saudi joint-stock company with SAR 40 million in capital, the company initially focused on exporting and refining vegetable oils. In 1992, it was converted into a public joint-stock company and expanded its operations beyond Saudi Arabia. The company entered the sugar market in 1994 with its first refinery in Jeddah and further expanded its presence in the food sector internationally. In 1998, it diversified into the retail sector. In 2010, the company launched &qu...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 7,758.01 |
| Shares Outstanding ((M)) | 300.00 |
| EPS ( ) (TTM) | 32.62 |
| Book Value (BV) ( Riyal) (Latest announcement) | 16.33 |
| Recurring P/E | 30.61 |
| Price/book | 1.58 |
| Dividend Yield (%) (Last Year) | 0.00 |
| Return on Average Assets (%) (TTM) | 39.94 |
| Return on Average Equity (%) (TTM) | 145.32 |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 9,512.83 |
| EV/adj EBITDA | 4.60 |
| EV/Revenues | 0.37 |
Calendar :
-
07 May
General Assembly
- -
25 August
Ex-dividend Date
- -
25 August
General Assembly
- -
29 August
IPO/ Subscription
- -
05 September
Key Events
- -
10 September
IPO/ Subscription
-
Analyst Estimates :
26.33
Fair Average Price
3
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Hold | HSBC | 28.59 | 28.27 | (1.10 %) | |
| Hold | Arqaam Capital | 23.34 | 23.06 | (1.21 %) | |
| Overweight | SNB Capital | 23.94 | 27.65 | 15.49 % |
Call Request
Comments Analysis: