Cenomi Retail slips to lowest close since debut

03/04/2024 Argaam Exclusive

Shares of Fawaz Abdulaziz Alhokair Co. (Cenomi Retail) retreated 8% to SAR 12.22 apiece today, April 3, hitting the lowest close since listing on the Saudi Exchange (Tadawul).

 

The stock logged an intraday low of SAR 12.08.

Year High (SAR) Year Low (SAR)
22.46 12.08
Highest Since Debut (SAR) Lowest Since Debut (SAR)
236.92 12.08

With today's decline, the stock's losses since 2024-start amounted to about 25%.

Market Data :

Open 26.76
Low 26.76
High 31.94
Previous Close 29.70
Change (3M) 156.25 %
Change (6M) 98.47 %
Market Value 3,577.17
Avg. Volume (3M) 4,141,810.23
Avg. Turnover (3M) 95,727,353.92
Avg. Transaction (3M) 8,185.43
Change(12M) 287.56 %
YTD 135.70 %

The company has adjusted its capital several times since its listing on Tadawul in 2006.

 

Cenomi Retail’s board of directors recently recommended reducing its capital by 91.28% to SAR 100 million. It also proposed cutting the par value of its stock from SAR 10 to SAR 1 per share.

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2024 Reduction   Cancelled 100.00 (91.29%)
2022 Reduction   1,147.66 (45.35%)
2021 Right Issue   Cancelled 2,147.66 87.13%
2014 Split   2,100.00 100.00%
2013 Split   1,050.00 50.00%
2007 Split   700.00 75.00%
2006 IPO   400.00 0.00%

Financial Performance :

Overview :

Fawaz Abdulaziz Al-Hokair Company (Al-Hokair), together with its subsidiaries, operates as a specialty retailer in the segments of apparel, fashion, accessories, footwear etc. The company runs a chain of retail stores, showcasing brands such as La-Senza, Camaieu, Promod, Monsoon and Wallis. In December 2012, it was operating 1,436 stores in Saudi Arabia, Egypt, Jordan, Kazakhstan and Azerbaijan. Al-Hokair was founded in 1990 and its headquarters is located in Riyadh.


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 3,577.17
Shares Outstanding ((M)) 114.80
EPS ( Riyal) (TTM) (0.43 )
Book Value (BV) ( Riyal) (Latest announcement) (8.63 )
Recurring P/E Neg
Price/book (3.61)
Dividend Yield (%) (Last Year) 0.00
Return on Average Assets (%) (TTM) (1.03 )
Return on Average Equity (%) (TTM) 5.07
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M) 5,054.53
EV/adj EBITDA 6.18
EV/Revenues 0.85


Analyst Estimates :

15.35

Fair Average Price

2

Number of Recommendations

Rating Research firm Current Price Target Price Change
Sell Arqaam Capital 13.34 13.30 (0.30 %)
Neutral SNB Capital 17.10 17.40 1.75 %

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