Jarir falls to lowest close since June 2020
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%.
Market Data :
| Open | 16.37 |
| Low | 16.00 |
| High | 16.44 |
| Previous Close | 16.38 |
| Change (3M) | (8.36 %) |
| Change (6M) | 12.68 % |
| Market Value | 19,200.00 |
| Avg. Volume (3M) | 1,943,019.66 |
| Avg. Turnover (3M) | 32,767,035.58 |
| Avg. Transaction (3M) | 4,593.71 |
| Change(12M) | 16.87 % |
| YTD | 25.20 % |
The company amended its capital several times and applied a stock split, as follows:
Adjustments to the capital (M Riyal) :
| Date | Type | Capital (M Riyal) | Change (%) |
| 2023 | Reduction | 1,200.00 | 0.00% |
| 2018 | Bonus Shares | 1,200.00 | 33.33% |
| 2013 | Bonus Shares | 900.00 | 50.00% |
| 2011 | Bonus Shares | 600.00 | 50.00% |
| 2009 | Bonus Shares | 400.00 | 33.33% |
| 2005 | Bonus Shares | 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 Performance :
Overview :
The company was established as a single-unit bookstore in Riyadh in 1974, converted into a closed joint-stock company in 2002, and became a public joint-stock company the following year.
Activities and Business Segment
The company operates in the wholesale, retail, and e-commerce trade of office and school supplies, books, as well as electronic and smart devices and their accessories. Its operations are structured across four key business segments, with the retail segment being the largest...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 19,200.02 |
| Shares Outstanding ((M)) | 1,200.00 |
| Recurring EPS ( Riyal) (TTM) | 0.94 |
| Book Value (BV) ( Riyal) (Latest announcement) | 1.41 |
| Recurring P/E (TTM) | 17.09 |
| Price/book | 11.39 |
| Dividend Yield (%) (Last Year) | 5.56 |
| Return on Average Assets (%) (TTM) | 26.59 |
| Return on Average Equity (%) (TTM) | 67.25 |
| Par Value ( Riyal) | 1.00 |
| Enterprise Value (EV) (M Riyal) | 19,038.53 |
| EV/adj EBITDA | 14.27 |
| EV/ EBITDA | - |
| EV/Revenues | 1.59 |
Calendar :
-
20 May
Ex-dividend Date
- -
29 May
Cash Dividend Distribution
- -
30 May
General Assembly
- -
12 August
Ex-dividend Date
- -
21 August
Cash Dividend Distribution
- -
11 November
Ex-dividend Date
-
Analyst Estimates :
17
Fair Average Price
15
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 %) |
Call Request
Comments Analysis: