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Shares of ACWA Power close at all-time high
16/04/2024
Argaam Exclusive
AI Summary
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Shares of ACWA Power rose 1% today, April 16, to SAR 417, on the Saudi Exchange (Tadawul), with a trading volume of more than 300,000 shares.
The stock hit an all-time high of SAR 427 apiece during the session. Thus, it has gained over 60% year-to-date (YTD
| Year High (SAR) | Year Low (SAR) |
| 422.78 | 146.14 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 422.78 | 62.67 |
As a result, the stock surged over 60% year-to-date (YTD).
Market Data :
| Open | 202.00 |
| Low | 199.70 |
| High | 202.90 |
| Previous Close | 201.90 |
| Change (3M) | (22.40 %) |
| Change (6M) | (39.49 %) |
| Market Value | 154,601.03 |
| Avg. Volume (3M) | 408,339.70 |
| Avg. Turnover (3M) | 95,553,222.42 |
| Avg. Transaction (3M) | 6,040.52 |
| Change(12M) | (48.50 %) |
| YTD | (49.35 %) |
The company made no capital changes since listing on Oct. 11, 2021.
ACWA Power’s board of directors proposed a 0.20% capital increase through a bonus issue at one bonus share for each 500 existing shares.
Adjustments to the capital (M Riyal) :
| Date | Type | Capital (M Riyal) | Change (%) |
| 2025 | Right Issue | 7,664.90 | 4.63% |
| 2024 | Split | 7,325.62 | 0.20% |
| 2021 | IPO | 7,311.00 | 13.21% |
Financial Performance :
Overview :
Established in 2008 under the name of International Company for Water and Power Projects, the company initially operated as a Saudi closed joint-stock with capital of SAR 2.92 billion in Riyadh. The company was converted into a public joint-stock company in 2021 and subsequently changed its name to ACWA POWER Co. in early 2022.
The company’s main scope of business includes water and energy supply services, encompassing the development, investment, operation, and maintenance of power...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 154,601.19 |
| Shares Outstanding ((M)) | 766.49 |
| EPS ( ) (TTM) | 2.36 |
| Book Value (BV) ( Riyal) (Latest announcement) | 29.08 |
| Recurring P/E | More than 100 |
| Price/book | 7.20 |
| Dividend Yield (%) (Last Year) | 0.21 |
| Return on Average Assets (%) (TTM) | 3.03 |
| Return on Average Equity (%) (TTM) | 8.27 |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 182,480.72 |
| EV/adj EBITDA | 79.79 |
| EV/Revenues | 25.35 |
Calendar :
-
29 April
Ex-dividend Date
- -
29 April
Eligibility for bonus shares
- -
29 April
General Assembly
- -
13 May
Cash Dividend Distribution
- -
02 January
General Assembly
- -
18 June
Conferences
-
Analyst Estimates :
263.37
Fair Average Price
2
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Neutral | Al Rajhi Capital | 286.74 | 272.28 | (5.04 %) | |
| Neutral | Al Rajhi Capital | 243.77 | 254.46 | 4.39 % |
Call Request
Comments Analysis: