Red Sea shares hit highest close in 2.5 years

28/08/2024 Argaam Exclusive

Shares of Red Sea International Co. (RSI) closed 10% higher today, Aug. 28, at SAR 45.50 apiece — the highest in two and a half years.

 

Today’s session saw a traded volume of nearly 2.9 million shares, valued at SAR 127 million.

Year High (SAR) Year Low (SAR)
45.50 19.90
Highest Since Debut (SAR) Lowest Since Debut (SAR)
138.92 18.83

Accordingly, the stock gained nearly 75% month-to-date.

Market Data :

Open 26.62
Low 26.50
High 27.12
Previous Close 26.72
Change (3M) (31.05 %)
Change (6M) (31.96 %)
Market Value 1,290.74
Avg. Volume (3M) 333,727.26
Avg. Turnover (3M) 10,714,328.08
Avg. Transaction (3M) 1,808.06
Change(12M) (55.66 %)
YTD (19.41 %)

The company adjusted its capital several times since listing on the Saudi Exchange (Tadawul), as shown in the table below:

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2025 Private Offering   482.67 59.64%
2022 Reduction   302.34 (49.61%)
2022 Right Issue   Deferred 452.34 49.61%
2014 Split   600.00 50.00%
2012 Split   400.00 33.33%
2006 IPO   300.00 0.00%

Financial Performance :

Overview :

The company was established in early 1986 as a general partnership under the name "Red Sea Housing Services Co." with capital of SAR 550,000. It converted into a limited liability company in 1991, transitioned to a closed joint-stock company in 2006, and became a public joint-stock company later that same year. In 2017, the organization rebranded to operate under the name “Red Sea International Co.” The company's activities include the manufacturing, sale, and leasin...


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 1,290.74
Shares Outstanding ((M)) 48.27
EPS ( Riyal) (TTM) (0.89 )
Book Value (BV) ( Riyal) (Latest announcement) (0.22 )
Recurring P/E Neg
Price/book (195.92)
Dividend Yield (%) (Last Year) 0.00
Return on Average Assets (%) (TTM) (0.99 )
Return on Average Equity (%) (TTM) (633.27 )
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M Riyal) 2,176.63
EV/adj EBITDA 8.04
EV/Revenues 0.65


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