Tadawul Group stock hits limit-up ahead of full market opening
Saudi Tadawul Group Holding Co.’s (Tadawul Group) stock hit limit-up today, Jan. 25, as investors await next week’s opening of the Saudi capital market to all categories of foreign investors.
The stock closed 10% higher at SAR 161, with active trading on around 1.6 million shares via transactions worth more than SAR 240 million.
The stock surge came as forecasts suggest that the full opening of the Saudi capital market will help boost liquidity and trading volumes, which should reflect positively on Tadawul Group's revenues.
The Saudi Exchange (Tadawul) is set to open to all categories of non-resident foreign investors as of Feb. 1.
| Year High (SAR) | Year Low (SAR) |
| 218.80 | 133.00 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 284.80 | 115.40 |
The stock gained more than 20% since the announcement of the decision on Jan. 6.
Market Data :
| Open | 139.00 |
| Low | 138.10 |
| High | 140.30 |
| Previous Close | 138.70 |
| Change (3M) | (1.56 %) |
| Change (6M) | (33.24 %) |
| Market Value | 16,632.00 |
| Avg. Volume (3M) | 543,867.69 |
| Avg. Turnover (3M) | 79,306,786.34 |
| Avg. Transaction (3M) | 4,039.02 |
| Change(12M) | (32.06 %) |
| YTD | (1.21 %) |
The TASI-listed company has not made any capital adjustments since its market debut.
Adjustments to the capital (M Riyal) :
| Date | Type | Capital (M Riyal) | Change (%) |
| 2021 | IPO | 1,200.00 | 42.86% |
Financial Performance :
Overview :
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 16,632.02 |
| Shares Outstanding ((M)) | 120.00 |
| EPS ( ) (TTM) | 3.30 |
| Book Value (BV) ( Riyal) (Latest announcement) | 28.69 |
| Recurring P/E | 42.04 |
| Price/book | 4.83 |
| Dividend Yield (%) (Last Year) | 1.66 |
| Return on Average Assets (%) (TTM) | 4.45 |
| Return on Average Equity (%) (TTM) | 11.41 |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 14,311.86 |
| EV/adj EBITDA | 32.64 |
| EV/Revenues | 11.35 |
Calendar :
-
22 February
Official holidays and vacations
- -
22 April
Ex-dividend Date
- -
22 April
General Assembly
-
Analyst Estimates :
219
Fair Average Price
1
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Overweight | GIB Capital | 199.00 | 219.00 | 10.05 % |
Comments Analysis: