Arabian Drilling sinks to all-time low

26/02/2025 Argaam Exclusive

Shares of TASI-listed Arabian Drilling Co. recorded today, Feb. 26, its lowest price since listing, at SAR 99.

 

The stock is down 1%, with about 80,000 shares traded so far.

Year High (SAR) Year Low (SAR)
190.40 98.90
Highest Since Debut (SAR) Lowest Since Debut (SAR)
214.20 98.90
Chart

Accordingly, the stock’s year-to-date losses reached 50%.

Market Data :

Open 96.45
Low 96.05
High 102.90
Previous Close 96.35
Change (3M) 37.75 %
Change (6M) 37.20 %
Market Value 9,158.10
Avg. Volume (3M) 376,340.38
Avg. Turnover (3M) 32,934,479.16
Avg. Transaction (3M) 2,690.63
Change(12M) (11.14 %)
YTD (7.80 %)
Overview

The company has not adjusted its capital since listing on the Main Market (TASI) on Nov. 7, 2022.

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2022 IPO   890.00 42.86%
Company Action

Financial Performance :

Financial Statements

Overview :

Established as a joint venture in 1964, the company was converted into a closed joint-stock company five years later with capital of SAR 2 million. Over the years, the company experienced significant growth, securing Saudi Aramco as a client in 1972 and transforming into a limited liability company in 1999. In 2013, Schlumberger joined the company's client base. The firm received the Saudi Aramco Excellence Award for “Highest Overall IKTVA Performance” in 2019. Subsequently, it r...
Profile


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 9,158.11
Shares Outstanding ((M)) 89.00
EPS ( Riyal) (TTM) 1.61
Book Value (BV) ( Riyal) (Latest announcement) 66.13
Recurring P/E 71.63
Price/book 1.56
Dividend Yield (%) (Last Year) 2.62
Return on Average Assets (%) (TTM) 1.38
Return on Average Equity (%) (TTM) 2.44
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M Riyal) 11,839.10
EV/adj EBITDA 9.03
EV/Revenues 3.42
Ratios


Analyst Estimates :

142.5

Fair Average Price

1

Number of Recommendations

Rating Research firm Current Price Target Price Change
Overweight AlJazira Capital 111.80 142.50 27.46 %
Estimates

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