Almunajem hits all-time high

24/04/2024 Argaam Exclusive

Shares of Almunajem Foods Co. rose today, April 24, to SAR 120 apiece, hitting the highest price since debut on the Saudi Exchange (Tadawul). 

Year High (SAR) Year Low (SAR)
120.00 59.40
Highest Since Debut (SAR) Lowest Since Debut (SAR)
120.00 55.00

The stock ended today's session down 3% at SAR 115.60, as nearly 666,500 shares changed hands. 

Market Data :

Open 65.00
Low 63.40
High 66.30
Previous Close 67.10
Change (3M) (24.25 %)
Change (6M) (29.48 %)
Market Value 3,918.00
Avg. Volume (3M) 111,047.76
Avg. Turnover (3M) 8,234,538.22
Avg. Transaction (3M) 1,237.22
Change(12M) (37.93 %)
YTD (31.84 %)

Almunajem has not made any changes to its capital since listing in December 2021, as indicated below:

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2021 IPO   600.00 0.00%

Financial Performance :

Overview :

Established in 1950 as a sole proprietorship specializing in foodstuffs in Riyadh, the company embarked on a journey of significant growth. In 1962, it established the first cold store in Deira District of Riyadh, followed by the largest cold store in the Kingdom at that time in 1973. Expanding its operations beyond Riyadh, the company opened a cold store in Buraydah in 1977 and was subsequently honored with the Medal of Merit, First Class, by King Khalid bin Abdulaziz in 1978. In 1982, the com...


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 3,918.00
Shares Outstanding ((M)) 60.00
EPS ( Riyal) (TTM) 3.41
Book Value (BV) ( Riyal) (Latest announcement) 17.50
Adjusted P/E (Last12) 19.14
Price/book 3.73
Dividend Yield (%) (Last Year) 4.98
Return on Average Assets (%) (TTM) 10.93
Return on Average Equity (%) (TTM) 19.57
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M) 3,972.01


Analyst Estimates :

97.9

Fair Average Price

2

Number of Recommendations

Rating Research firm Current Price Target Price Change
Neutral CI Capital 95.00 93.80 (1.26 %)
Overweight Al Rajhi Capital 90.00 102.00 13.33 %

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