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Red Sea shares’ gains near 200% in 2024
25/09/2024
Argaam Exclusive
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Shares of Red Sea International Co. (RSI) climbed 2% today, Sept. 25, closing at the highest price since 2015, at SAR 70.10 apiece.
The stock hit an intraday high of SAR 74.50 per share.
| Year High (SAR) | Year Low (SAR) |
| 74.50 | 19.90 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 138.92 | 18.83 |
Accordingly, the stock has gained nearly 200% year-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...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 1,290.74 |
| Shares Outstanding ((M)) | 48.27 |
| EPS ( ) (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 |
Calendar :
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09 January
General Assembly
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25 June
General Assembly
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31 August
General Assembly
- -
12 November
General Assembly
- -
04 January
General Assembly
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Call Request
Comments Analysis: