SEC shares finish at 4-year low

15/10/2024 Argaam Exclusive

Shares of Saudi Electricity Co. (SEC) fell 1% today, Oct. 15, to finish at the lowest price in four years at SAR 16.06 apiece, with almost three million shares traded.

Year High (SAR) Year Low (SAR)
20.64 16.06
Highest Since Debut (SAR) Lowest Since Debut (SAR)
56.00 8.40

Accordingly, the year-to-date (YTD) losses neared 15%.

Market Data :

Open 14.31
Low 14.23
High 14.40
Previous Close 14.30
Change (3M) 2.94 %
Change (6M) (10.63 %)
Market Value 59,873.90
Avg. Volume (3M) 1,147,416.71
Avg. Turnover (3M) 16,712,433.59
Avg. Transaction (3M) 2,492.74
Change(12M) (14.36 %)
YTD (14.97 %)

The company amended its capital several times since listing on the Saudi Exchange (Tadawul) as follows:

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2003 Split   41,665.94 8.82%
2002 Split   38,287.77 13.42%

Financial Performance :

Overview :

The company initiated its operations as a Saudi public joint-stock company in Riyadh through a significant merger in 2000. This involved consolidating all existing Saudi electricity generating companies throughout the Kingdom, along with the operational electricity projects previously managed by the General Electricity Corporation, into a single unified entity. The company's primary activities include the generation, transmission, and distribution of electric power. It serves as the main pr...


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 59,873.96
Shares Outstanding ((M)) 4,166.59
EPS ( Riyal) (TTM) (0.22 )
Book Value (BV) ( Riyal) (Latest announcement) 20.73
Recurring P/E 12.59
Price/book 0.69
Dividend Yield (%) (Last Year) 4.87
Return on Average Assets (%) (TTM) (0.16 )
Return on Average Equity (%) (TTM) (1.07 )
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M Riyal) 237,013.08
EV/adj EBITDA 5.95
EV/Revenues 2.43


Analyst Estimates :

20

Fair Average Price

1

Number of Recommendations

Rating Research firm Current Price Target Price Change
Hold Arqaam Capital 17.24 20.00 16.01 %

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