Amiantit hits highest level since September 2021

19/02/2024 Argaam Exclusive

Shares of Saudi Arabian Amiantit Co. hit today, Feb. 19, their highest price since Sept. 2021, at SAR 80.70 apiece.

 

 The stock closed at SAR 73.50 (-0.2%)

Year High (SAR) Year Low (SAR)
26.41 11.46
Highest Since Debut (SAR) Lowest Since Debut (SAR)
473.29 9.70

Market Data :

Open 19.50
Low 19.22
High 19.70
Previous Close 19.48
Change (3M) 2.42 %
Change (6M) (19.89 %)
Market Value 868.73
Avg. Volume (3M) 474,394.09
Avg. Turnover (3M) 9,985,009.14
Avg. Transaction (3M) 1,383.14
Change(12M) (35.43 %)
YTD (31.22 %)

The company adjusted its capital several times, including a capital reduction and rights issue.

 

The company recently announced a recommendation on a capital hike through a SAR 346.5 million rights offering.

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2024 Right Issue   445.50 350.00%
2022 Right Issue   Cancelled 445.50 350.00%
2022 Reduction   99.00 (69.06%)
2020 Right Issue   320.00 60.00%
2020 Reduction   200.00 (41.95%)
2019 Reduction   344.52 (70.17%)
2005 Right Issue   1,155.00 50.00%
2004 Split   770.00 10.00%
2003 Split   700.00 7.69%
2002 Split   650.00 18.18%

Amiantit announced today that its accumulated losses decreased to 0% of capital as of Feb. 14.

Financial Performance :

Overview :

Established in Dammam in 1968, the company initially operated as a single-production-line factory specializing in the manufacturing of pipes for infrastructure projects. In 1993, the company was transitioned into Saudi ownership. Subsequently, in 1996, it was converted into a public joint-stock company. The company is engaged in the establishment and management of industrial projects pertaining to pipes, including the marketing of its products and technologies, as well as preparing and managing...


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 868.73
Shares Outstanding ((M)) 44.55
EPS ( Riyal) (TTM) (1.11 )
Book Value (BV) ( Riyal) (Latest announcement) 20.50
Recurring P/E Neg
Price/book 0.95
Dividend Yield (%) (Last Year) 0.00
Return on Average Assets (%) (TTM) (2.35 )
Return on Average Equity (%) (TTM) (5.41 )
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M Riyal) 1,090.47
EV/adj EBITDA (105.02)
EV/Revenues 1.36


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