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
Chart

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

Market Data :

Open 14.52
Low 14.52
High 14.98
Previous Close 14.52
Change (3M) 7.32 %
Change (6M) 4.55 %
Market Value 62,290.52
Avg. Volume (3M) 1,585,253.53
Avg. Turnover (3M) 22,343,228.10
Avg. Transaction (3M) 2,391.77
Change(12M) (5.97 %)
YTD 6.41 %
Overview

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%
Company Action

Financial Performance :

Financial Statements

Overview :

The company commenced its operations in 2000 as a Saudi public joint-stock company in Riyadh under the name Saudi Electricity Co. (SEC), established through consolidating all existing Saudi electricity generating companies throughout the Kingdom, along with the operational electricity projects managed by the General Electricity Corporation, into a single unified entity. In 2026, the company was rebranded to Saudi Energy Co. The company’s core activities includes the generation, transmis...
Profile


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 62,290.58
Shares Outstanding ((M)) 4,166.59
EPS ( Riyal) (TTM) 0.96
Book Value (BV) ( Riyal) (Latest announcement) 20.18
Recurring P/E 15.51
Price/book 0.74
Dividend Yield (%) (Last Year) 4.68
Return on Average Assets (%) (TTM) 0.68
Return on Average Equity (%) (TTM) 4.80
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M Riyal) 260,409.47
EV/adj EBITDA 6.38
EV/Revenues 2.55
Ratios


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 %
Estimates

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