Jahez shares finish at all-time low
Shares of Jahez International Company for Information System Technology fell by 1% today, Sept. 10, closing at an all-time low of SAR 20.82.
The stock recorded an intraday low of SAR 20.50.
| Year High (SAR) | Year Low (SAR) |
| 42.00 | 20.50 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 72.20 | 20.50 |
With today’s decline, the stock’s year-to-date losses reached more than 30%.
Market Data :
| Open | 20.68 |
| Low | 20.46 |
| High | 21.58 |
| Previous Close | 20.60 |
| Change (3M) | (23.19 %) |
| Change (6M) | (26.43 %) |
| Market Value | 4,503.17 |
| Avg. Volume (3M) | 1,473,132.18 |
| Avg. Turnover (3M) | 33,389,281.12 |
| Avg. Transaction (3M) | 3,208.38 |
| Change(12M) | (24.26 %) |
| YTD | (32.01 %) |
Jahez moved to the Main Market (TASI) in December 2024 after initially listing on the Nomu-Parallel Market on Jan. 5, 2022.
The company carried out a stock split in 2023 ahead of its TASI transition. It has not made any changes to its share capital.
Adjustments to the capital (M Riyal) :
| Date | Type | Capital (M Riyal) | Change (%) |
| 2022 | Private Offering Cancelled | 108.69 | 3.59% |
| 2022 | IPO | 104.92 | 21.96% |
Financial Performance :
Overview :
The company started operations in 2016 when Jahez platform launched operations in Riyadh under Alamat International Limited Company. The company expanded its service area beyond Riyadh the following year and subsequently converted into a limited liability company with capital of SAR 1 million. In 2018, ownership of Jahez platform was transferred from Alamat International Limited Company to the company. In 2019, the company signed a sponsorship agreement with Al-Hilal Sports Club. In 2020, it was...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 4,477.99 |
| Shares Outstanding ((M)) | 209.84 |
| EPS ( ) | 97.31 |
| Book Value (BV) ( Riyal) (Latest announcement) | 6.21 |
| Recurring P/E | 22.03 |
| Price/book | 3.44 |
| Dividend Yield (%) (Last Year) | - |
| Return on Average Assets (%) (TTM) | 11.61 |
| Return on Average Equity (%) (TTM) | 16.75 |
| Par Value ( Halala) | 50.00 |
| Enterprise Value (EV) (M Riyal) | 3,408.25 |
| EV/adj EBITDA | 13.97 |
| EV/Revenues | 1.49 |
Calendar :
-
11 September
General Assembly
-
Analyst Estimates :
27.55
Fair Average Price
12
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Hold | United Securities Company | 21.44 | 23.30 | 8.68 % | |
| Buy | Alawwal Capital | 22.78 | 28.38 | 24.58 % | |
| Sell | Citi Bank Group | 22.31 | 20.50 | (8.11 %) | |
| Underweight | JP Morgan | 23.61 | 22.00 | (6.82 %) | |
| Neutral | Al Rajhi Capital | 23.11 | 21.00 | (9.13 %) | |
| Underweight | Morgan Stanley International | 23.11 | 22.00 | (4.80 %) | |
| Buy | Roemer Capital | 26.92 | 37.40 | 38.93 % | |
| Underweight | Jefferies | 49.00 | 24.00 | (51.02 %) | |
| Buy | Hermes | 28.00 | 35.00 | 25.00 % | |
| Buy | Wood & Company | 27.10 | 37.00 | 36.53 % | |
| Neutral | Goldman Sachs | 25.95 | 31.00 | 19.46 % | |
| Neutral | JP Morgan | 25.95 | 29.00 | 11.75 % |
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Comments Analysis: