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Arabian Cement closes at lowest level since 2020
29/04/2024
Argaam Exclusive
AI Summary
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Arabian Cement Co..'s stock fell more than 1% today, April 29, to its lowest price since October 2020 at SAR 30.55.
| Year High (SAR) | Year Low (SAR) |
| 39.90 | 30.05 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 158.89 | 7.65 |
The stock hit an intraday low of SAR 30.05.
With today's decline, the stock's losses hit about 10% since the beginning of 2024.
Market Data :
| Open | 22.70 |
| Low | 22.64 |
| High | 23.60 |
| Previous Close | 22.70 |
| Change (3M) | 11.32 % |
| Change (6M) | 5.62 % |
| Market Value | 2,350.00 |
| Avg. Volume (3M) | 108,519.33 |
| Avg. Turnover (3M) | 2,417,241.03 |
| Avg. Transaction (3M) | 520.08 |
| Change(12M) | (8.91 %) |
| YTD | 10.69 % |
Arabian Cement adjusted its capital several times since listing on the Saudi Exchange (Tadawul), as shown below:
Adjustments to the capital (M Riyal) :
| Date | Type | Capital (M Riyal) | Change (%) |
| 2014 | Split | 1,000.00 | 25.00% |
| 2008 | Right Issue | 800.00 | 14.29% |
| 2007 | Split | 700.00 | 16.67% |
Financial Performance :
Overview :
The Saudi joint-stock company was established in 1955 in Jeddah as the first company to operate in the cement industry in the Kingdom and the GCC region, operating under the name Arabian Cement Company Limited. Its commercial operations commenced in 1959 by establishing its main plant in the north of Jeddah. In 2005, the company’s name was changed to operate under the name Arabian Cement Co. (ACC).
The company's activities primarily involve the production and trading of cement, buil...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 2,350.00 |
| Shares Outstanding ((M)) | 100.00 |
| EPS ( ) (TTM) | 1.65 |
| Book Value (BV) ( Riyal) (Latest announcement) | 25.78 |
| Recurring P/E | 14.24 |
| Price/book | 0.91 |
| Dividend Yield (%) (Last Year) | 6.38 |
| Return on Average Assets (%) (TTM) | 5.37 |
| Return on Average Equity (%) (TTM) | 6.42 |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 2,351.09 |
| EV/adj EBITDA | 7.07 |
| EV/Revenues | 2.21 |
Calendar :
-
09 May
Cash Dividend Distribution
- -
30 July
Ex-dividend Date
- -
15 August
Cash Dividend Distribution
- -
27 April
Ex-dividend Date
- -
27 April
General Assembly
- -
15 May
Cash Dividend Distribution
-
Analyst Estimates :
35
Fair Average Price
2
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Neutral | Sico | 32.40 | 36.00 | 11.11 % | |
| Hold | United Securities Company | 32.25 | 34.00 | 5.43 % |
Call Request
Comments Analysis: