Retal shares notch all-time high

03/09/2024 Argaam Exclusive

Shares of Retal Urban Development Co. gained 2% today, Sept. 3, recording the highest close since its debut on the Saudi Exchange (Tadawul) at SAR 13.68 per share.

 

The stock posted an intraday high of SAR 13.76.

Year High (SAR) Year Low (SAR)
13.76 7.85
Highest Since Debut (SAR) Lowest Since Debut (SAR)
13.76 7.85
Chart

Accordingly, the stock’s year-to-date gains reached more than 55%.

Market Data :

Open 11.67
Low 11.67
High 11.93
Previous Close 11.65
Change (3M) (20.04 %)
Change (6M) (30.11 %)
Market Value 5,885.00
Avg. Volume (3M) 1,369,639.92
Avg. Turnover (3M) 16,829,688.47
Avg. Transaction (3M) 3,420.42
Change(12M) (17.23 %)
YTD (27.26 %)
Overview

Retal opted for a stock split in 2023, lowering the par value of its shares from SAR 10 to SAR 1.

 

Furthermore, the company raised its capital once via issuing 25% bonus shares, as detailed in the table below:

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2023 Split   500.00 25.00%
Company Action

Financial Performance :

Financial Statements

Overview :

The company commenced operations in 1999 as a branch of an LLC and was formally established in Al Khobar in 2012 as a limited liability company with capital of SAR 500,000. Two years after its establishment, it launched its first residential project under the "Ewan" brand, targeting middle- to high-income segments. It was transitioned into a single-shareholder limited liability company in 2016, before reverting to a limited liability company the following year. In 2018, it launched the...
Profile


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 5,885.01
Shares Outstanding ((M)) 500.00
EPS ( Riyal) (TTM) 0.53
Book Value (BV) ( Riyal) (Latest announcement) 1.82
Recurring P/E 33.68
Price/book 6.46
Dividend Yield (%) (Last Year) 2.29
Return on Average Assets (%) (TTM) 5.78
Return on Average Equity (%) (TTM) 31.15
Par Value ( Riyal) 1.00
Enterprise Value (EV) (M Riyal) 6,608.92
EV/adj EBITDA 19.55
EV/Revenues 3.07
Ratios


Analyst Estimates :

14

Fair Average Price

1

Number of Recommendations

Rating Research firm Current Price Target Price Change
Neutral GIB Capital 13.12 14.00 6.71 %
Estimates

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