Bahri hits highest level since 2006
Shares of Tadawul-listed National Shipping Company of Saudi Arabia (Bahri) hit today, Feb. 3, their highest level since 2006 at SAR 33.
The stock is trading 3% higher, with trading volume exceeding 2 million shares so far.
| Year High (SAR) | Year Low (SAR) |
| 33.00 | 21.08 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 45.69 | 1.40 |
The stock is up more than 30% year-to-date.
Market Data :
| Open | 36.20 |
| Low | 36.12 |
| High | 36.52 |
| Previous Close | 36.08 |
| Change (3M) | 19.76 % |
| Change (6M) | (1.95 %) |
| Market Value | 33,444.08 |
| Avg. Volume (3M) | 1,915,737.18 |
| Avg. Turnover (3M) | 66,529,290.17 |
| Avg. Transaction (3M) | 3,845.17 |
| Change(12M) | 14.32 % |
| YTD | 25.05 % |
Bahri has made several capital adjustments since its debut.
Adjustments to the capital (M Riyal) :
| Date | Type | Capital (M Riyal) | Change (%) |
| 2025 | Bonus Shares | 9,228.52 | 25.00% |
| 2023 | Bonus Shares | 7,382.81 | 50.00% |
| 2022 | Bonus Shares | 4,921.88 | 25.00% |
| 2014 | Private Offering | 3,937.50 | 25.00% |
| 2007 | Right Issue | 3,150.00 | 40.00% |
| 2006 | Bonus Shares | 2,250.00 | 12.50% |
Financial Performance :
Overview :
The company was established as a Saudi joint-stock company in Riyadh with capital of SAR 500,000 in 1978 and commenced commercial operations upon foundation. It merged with Vela International Marine Ltd. in 2014.
Activities and Business Segments
The company operates in shipping and logistics services by owning a fleet of VLCCs and tankers designated for transporting oil, petrochemicals, and general cargo. It conducts its business through several key business segments, with the oil transpor...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 33,444.08 |
| Shares Outstanding ((M)) | 922.85 |
| Recurring EPS ( Riyal) (TTM) | 11.75 |
| Book Value (BV) ( Riyal) (Latest announcement) | 24.60 |
| Recurring P/E (TTM) | 3.08 |
| Price/book | 1.47 |
| Dividend Yield (%) (Last Year) | 2.76 |
| Return on Average Assets (%) (TTM) | 34.31 |
| Return on Average Equity (%) (TTM) | 59.26 |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 40,832.22 |
| EV/adj EBITDA | - |
| EV/ EBITDA | 2.91 |
| EV/Revenues | 1.39 |
Calendar :
-
10 June
Ex-dividend Date
- -
10 June
General Assembly
- -
25 June
Cash Dividend Distribution
- -
05 August
Conferences
- -
10 September
Ex-dividend Date
- -
27 September
Cash Dividend Distribution
-
Analyst Estimates :
31
Fair Average Price
1
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Neutral | EFG-Hermes | 29.00 | 31.00 | 6.90 % |
Call Request
Comments Analysis: