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Savola hits highest close since October 2015
22/12/2024
Argaam Exclusive
AI Summary
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Shares of Savola Group rose 2% today, Dec. 22, closing at the highest level since October 2015 at SAR 37.7 per share, with around 8.7 million shares traded.
The stock hit an intraday high of SAR 40.6.
| Year High (SAR) | Year Low (SAR) |
| 40.60 | 23.03 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 97.26 | 2.67 |
Market Data :
| Open | 26.80 |
| Low | 26.15 |
| High | 27.00 |
| Previous Close | 27.35 |
| Change (3M) | (15.31 %) |
| Change (6M) | (4.50 %) |
| Market Value | 7,965.00 |
| Avg. Volume (3M) | 1,085,608.61 |
| Avg. Turnover (3M) | 31,268,586.07 |
| Avg. Transaction (3M) | 5,600.14 |
| Change(12M) | (4.51 %) |
| YTD | (27.66 %) |
The company made several adjustments to its capital since its listing on Tadawul in February 1991.
Recently, Savola’s extraordinary general meeting (EGM) approved a 73.54% capital reduction from SAR 11.34 billion to SAR 3 billion.
The EGM also approved distributing the company’s entire stake in Almarai Co. as an in-kind dividend to eligible shareholders. This distribution comprises 345.22 million ordinary shares, representing 34.52% of Almarai’s capital.
Adjustments to the capital (M Riyal) :
| Date | Type | Capital (M Riyal) | Change (%) |
| 2024 | Reduction | 3,000.00 | (73.54%) |
| 2024 | Right Issue | 11,339.81 | 112.36% |
| 2013 | Private Offering | 5,339.81 | 6.80% |
| 2008 | Split | 5,000.00 | 33.33% |
| 2006 | Split | 3,750.00 | 25.00% |
| 2006 | Split | 3,000.00 | 66.67% |
| 2006 | Right Issue | 1,800.00 | 20.00% |
| 2005 | Split | 1,500.00 | 20.00% |
| 2005 | Split | 1,250.00 | 25.00% |
| 2004 | Split | 1,000.00 | 25.00% |
Financial Performance :
Overview :
Founded in Jeddah in 1979 as a Saudi joint-stock company with SAR 40 million in capital, the company initially focused on exporting and refining vegetable oils. In 1992, it was converted into a public joint-stock company and expanded its operations beyond Saudi Arabia. The company entered the sugar market in 1994 with its first refinery in Jeddah and further expanded its presence in the food sector internationally. In 1998, it diversified into the retail sector. In 2010, the company launched &qu...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 7,965.01 |
| Shares Outstanding ((M)) | 300.00 |
| EPS ( ) (TTM) | 32.72 |
| Book Value (BV) ( Riyal) (Latest announcement) | 16.00 |
| Adjusted P/E (Last12) | 28.19 |
| Price/book | 1.66 |
| Dividend Yield (%) (Last Year) | 0.00 |
| Return on Average Assets (%) (TTM) | 38.56 |
| Return on Average Equity (%) (TTM) | 148.53 |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M) | 9,039.82 |
Analyst Estimates :
32.41
Fair Average Price
8
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Buy | Hermes | 30.55 | 37.00 | 21.11 % | |
| Hold | HSBC | 30.55 | 29.98 | (1.87 %) | |
| Neutral | Al Rajhi Capital | 27.78 | 30.00 | 7.99 % | |
| Sell | AlphaMena | 26.46 | 21.32 | (19.43 %) | |
| Buy | Bank of America | 27.59 | 39.64 | 43.69 % | |
| Neutral | Hermes | 27.85 | 30.00 | 7.69 % | |
| Overweight | SNB Capital | 27.85 | 39.64 | 42.31 % | |
| Neutral | Goldman Sachs | 28.12 | 31.71 | 12.76 % |
Call Request
Comments Analysis: