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MESC notches highest close since 2010
11/09/2024
Argaam Exclusive
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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 |
Following today's rise, the stock gained more than 70% year-to-date.
Market Data :
| Open | 34.50 |
| Low | 33.56 |
| High | 34.50 |
| Previous Close | 34.56 |
| Change (3M) | 15.12 % |
| Change (6M) | 17.12 % |
| Market Value | 1,352.00 |
| Avg. Volume (3M) | 446,265.20 |
| Avg. Turnover (3M) | 14,779,837.78 |
| Avg. Transaction (3M) | 1,938.29 |
| Change(12M) | 7.17 % |
| YTD | 58.91 % |
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 | Bonus Shares | 400.00 | (33.33%) |
| 2013 | Right Issue | 600.00 | 50.00% |
| 2008 | Bonus Shares | 400.00 | 25.00% |
| 2007 | IPO | 320.00 | 0.00% |
Financial Performance :
Overview :
The company was established as a limited liability company in Riyadh with capital of SAR 19 million in 1992. In 2007, it was converted into a closed Saudi joint-stock company, and by the end of the same year, it was converted into a Saudi public joint-stock company.
Activities and Business Segments
The company manufactures and sells various types of cables, including specialized industrial cables used in petrochemicals, oil, gas, energy, and heavy industry projects. Its product line also i...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 1,352.00 |
| Shares Outstanding ((M)) | 40.00 |
| Recurring EPS ( Riyal) (TTM) | 2.93 |
| Book Value (BV) ( Riyal) (Latest announcement) | 14.15 |
| Recurring P/E (TTM) | 11.52 |
| Price/book | 2.39 |
| Dividend Yield (%) (Last Year) | 2.96 |
| Return on Average Assets (%) (TTM) | 9.00 |
| Return on Average Equity (%) (TTM) | 22.05 |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 1,601.19 |
| EV/adj EBITDA | 8.89 |
| EV/ EBITDA | - |
| EV/Revenues | 0.93 |
Calendar :
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12 December
General Assembly
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24 February
General Assembly
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17 June
Ex-dividend Date
- -
17 June
General Assembly
- -
08 July
Cash Dividend Distribution
- -
30 November
Ex-dividend Date
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Call Request
Comments Analysis: