ACWA Power ends at lowest level since December 2023
Shares of ACWA Power Co. dropped by 1% today, June 28, to close at the lowest level since December 2023 at SAR 220.
The stock recorded an intraday low of SAR 219.90.
| Year High (SAR) | Year Low (SAR) |
| 496.84 | 219.90 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 496.84 | 62.67 |
With today’s decline, the stock’s year-to-date losses have reached approximately 40%.
Market Data :
| Open | 171.10 |
| Low | 164.50 |
| High | 171.10 |
| Previous Close | 171.10 |
| Change (3M) | (15.31 %) |
| Change (6M) | (4.96 %) |
| Market Value | 126,394.20 |
| Avg. Volume (3M) | 292,432.06 |
| Avg. Turnover (3M) | 54,197,708.69 |
| Avg. Transaction (3M) | 3,342.69 |
| Change(12M) | (23.66 %) |
| YTD | (9.30 %) |
The company has made several changes to its capital since listing on the Main Market (TASI).
Adjustments to the capital (M Riyal) :
| Date | Type | Capital (M Riyal) | Change (%) |
| 2025 | Right Issue | 7,664.90 | 4.63% |
| 2024 | Bonus Shares | 7,325.62 | 0.20% |
| 2021 | IPO | 7,311.00 | 13.21% |
Financial Performance :
Overview :
The company was initially established in 2008 in Riyadh as a closed Saudi joint-stock company under the name International Company for Water and Power Projects, with capital of SAR 2.92 billion, serving as the group's holding entity. The firm subsequently converted into a public joint-stock company in 2021, and formally changed its corporate name to ACWA Power Co. in early 2022.
Activities and Business Segments
The company’s core scope of business includes water and energy supply...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 126,394.33 |
| Shares Outstanding ((M)) | 766.49 |
| Recurring EPS ( Riyal) (TTM) | 1.90 |
| Book Value (BV) ( Riyal) (Latest announcement) | 39.20 |
| Recurring P/E (TTM) | 87.00 |
| Price/book | 4.21 |
| Dividend Yield (%) (Last Year) | 0.28 |
| Return on Average Assets (%) (TTM) | 2.36 |
| Return on Average Equity (%) (TTM) | 6.20 |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 153,568.94 |
| EV/adj EBITDA | 61.07 |
| EV/ EBITDA | - |
| EV/Revenues | 19.86 |
Calendar :
-
31 July
Financial results date
- -
05 August
Key Events
- -
23 February
General Assembly
- -
17 May
General Assembly
- -
25 August
Ex-dividend Date
- -
25 August
General Assembly
-
Analyst Estimates :
212.8
Fair Average Price
4
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Underweight | Morgan Stanley International | 244.00 | 225.19 | (7.71 %) | |
| Sell | YAQEEN | 284.34 | 219.25 | (22.89 %) | |
| Underweight | JP Morgan | 267.87 | 297.63 | 11.11 % | |
| Sell | EFG-Hermes | 297.03 | 109.13 | (63.26 %) |
Call Request
Comments Analysis: