SAL closes at all-time high

04/03/2024 Argaam Exclusive

Shares of SAL Saudi Logistics Services Co. rose 5% today, March 4, to close at the highest price since listing at SAR 295 per share.

Year High (SAR) Year Low (SAR)
299.60 116.60
Highest Since Debut (SAR) Lowest Since Debut (SAR)
299.60 116.60
Chart
The stock hit an intraday high of SAR 299.60.

Market Data :

Open 175.50
Low 175.30
High 179.80
Previous Close 175.50
Change (3M) 2.39 %
Change (6M) (3.72 %)
Market Value 14,064.00
Avg. Volume (3M) 129,211.41
Avg. Turnover (3M) 22,608,401.95
Avg. Transaction (3M) 2,421.67
Change(12M) (36.67 %)
YTD (30.40 %)
Overview
The company has not made any changes to its SAR 800 million capital since listing on the main market (TASI) in 2023, as indicated below:

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2023 IPO   800.00 0.00%
Company Action

SAL’s 2023 profits rose by 41% to SAR 509.7 million, from SAR 362.4 million in 2022.

Financial Performance :

Financial Statements

Overview :

SAL Saudi Logistics Services Co. was established in Jedah as a limited liability company in 2019, with capital of SAR 500,000. In 2021, it was converted into a closed joint-stock company. It operates via two segments: the air cargo handling segment and the logistics solutions segment. The company provides air cargo handling services, ground cargo handling services, and other support services to airlines, which include ramp handling, cargo handling, as well as terminal handling, customs inspec...
Profile


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 14,064.01
Shares Outstanding ((M)) 80.00
EPS ( Riyal) (TTM) 7.66
Book Value (BV) ( Riyal) (Latest announcement) 18.71
Recurring P/E 22.95
Price/book 9.40
Dividend Yield (%) (Last Year) 3.41
Return on Average Assets (%) (TTM) 18.86
Return on Average Equity (%) (TTM) 43.26
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M Riyal) 13,198.95
EV/adj EBITDA 18.09
EV/Revenues 8.49
Ratios


Analyst Estimates :

176.41

Fair Average Price

1

Number of Recommendations

Rating Research firm Current Price Target Price Change
Hold United Securities Company 163.00 176.41 8.23 %
Estimates

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