MESC notches highest close since 2010

11/09/2024 Argaam Exclusive

Shares of Middle East Specialized Cables Co. (MESC) ended 5% higher today, Sept. 11, at SAR 40.20, the highest close since 2010.

 

The stock hit an intraday high of SAR 41.90.

 

MESC announced today achieving profits of SAR 55.1 million in the first seven months of 2024. The company fully offset its accumulated loss and started making retained earnings.

Year High (SAR) Year Low (SAR)
41.90 14.46
Highest Since Debut (SAR) Lowest Since Debut (SAR)
146.09 6.84
Chart

Following today's rise, the stock gained more than 70% year-to-date.

Market Data :

Open 28.22
Low 28.22
High 29.10
Previous Close 28.44
Change (3M) (5.01 %)
Change (6M) (27.81 %)
Market Value 1,160.80
Avg. Volume (3M) 341,546.74
Avg. Turnover (3M) 11,099,343.58
Avg. Transaction (3M) 1,486.06
Change(12M) (24.13 %)
YTD (33.13 %)
Overview

The company made several capital changes since its listing on the Main Market (TASI) in 2007.

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2018 Reduction   400.00 (33.33%)
2013 Right Issue   600.00 50.00%
2008 Split   400.00 25.00%
2007 IPO   320.00 0.00%
Company Action

Financial Performance :

Financial Statements

Overview :

Saudi Industrial Development Co. (SIDC) was established in 1992 in Jeddah as a closed joint-stock company, with capital of SAR 400 million. In 1993, the company was converted into a public Saudi joint-stock company. The company's core business is the manufacture of sanitary supplies from plastics, and foam products. Its operations span five key segments: mattresses and foam segment, encompassing the production and sale of foam with different densities, mattress structures, and associated ac...
Profile


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 1,160.80
Shares Outstanding ((M)) 40.00
EPS ( Riyal) (TTM) 2.31
Book Value (BV) ( Riyal) (Latest announcement) 12.47
Recurring P/E 12.57
Price/book 2.33
Dividend Yield (%) (Last Year) 0.00
Return on Average Assets (%) (TTM) 9.59
Return on Average Equity (%) (TTM) 19.99
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M Riyal) 1,359.08
EV/adj EBITDA 9.88
EV/Revenues 1.03
Ratios


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