23/04/2024 Argaam Exclusive
Jarir Marketing Co.’s stock fell 1% today, April 23, to finish at SAR 13.88, its lowest close since June 2020, as roughly four million shares changed hands.
The stock hit an intraday low of SAR 13.82.
| Year High (SAR) | Year Low (SAR) |
| 17.62 | 13.82 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 22.50 | 1.36 |
Accordingly, the stock’s year-to-date (YTD) losses hit about 10%.
| Open | 12.75 |
| Low | 12.60 |
| High | 12.75 |
| Previous Close | 12.78 |
| Change (3M) | (4.28 %) |
| Change (6M) | 5.12 % |
| Market Value | 15,288.00 |
| Avg. Volume (3M) | 1,926,355.52 |
| Avg. Turnover (3M) | 25,763,484.09 |
| Avg. Transaction (3M) | 4,090.84 |
| Change(12M) | 0.47 % |
| YTD | 0.63 % |
The company amended its capital several times and applied a stock split, as follows:
| Date | Type | Capital (M Riyal) | Change (%) |
| 2018 | Split | 1,200.00 | 33.33% |
| 2013 | Split | 900.00 | 50.00% |
| 2011 | Split | 600.00 | 50.00% |
| 2009 | Split | 400.00 | 33.33% |
| 2005 | Split | 300.00 | 25.00% |
Jarir reported a profit decline to SAR 219.3 million in Q1 2024, from SAR 247.8 million a year earlier.
| Financial Ratio | Current |
| Market Cap (M Riyal) | 15,288.02 |
| Shares Outstanding ((M)) | 1,200.00 |
| EPS ( ) (TTM) | 0.85 |
| Book Value (BV) ( Riyal) (Latest announcement) | 1.49 |
| Recurring P/E | 15.25 |
| Price/book | 8.54 |
| Dividend Yield (%) (Last Year) | 6.51 |
| Return on Average Assets (%) (TTM) | 24.08 |
| Return on Average Equity (%) (TTM) | 56.87 |
| Par Value ( Riyal) | 1.00 |
| Enterprise Value (EV) (M Riyal) | 14,889.28 |
| EV/adj EBITDA | 12.52 |
| EV/Revenues | 1.33 |
Fair Average Price
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Neutral | SNB Capital | 14.16 | 16.00 | 12.99 % | |
| Buy | Riyad Capital | 14.16 | 17.00 | 20.06 % | |
| Underweight | JP Morgan | 14.02 | 13.85 | (1.21 %) | |
| Buy | EFG-Hermes | 14.16 | 18.10 | 27.82 % | |
| Buy | Arqaam Capital | 14.16 | 17.00 | 20.06 % | |
| Aggregate | U-Capital | 14.56 | 19.20 | 31.87 % | |
| Neutral | Citi Bank Group | 14.70 | 14.70 | 0.00 % | |
| Buy | HSBC | 14.70 | 21.00 | 42.86 % | |
| Underweight | AlphaMena | 15.50 | 16.20 | 4.52 % | |
| Neutral | Al Rajhi Capital | 15.20 | 16.00 | 5.26 % | |
| Buy | FAB Securities | 15.20 | 17.50 | 15.13 % | |
| Overweight | AlJazira Capital | 15.22 | 17.90 | 17.61 % | |
| Aggregate | U-Capital | 15.32 | 19.20 | 25.33 % | |
| Buy | Riyad Capital | 15.32 | 17.56 | 14.62 % | |
| Underweight | JP Morgan | 15.18 | 13.85 | (8.76 %) |
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