Nahdi shares close at all-time low
Shares of Nahdi Medical Co. fell to their lowest level today, Nov. 1, at SAR 132.
| Year High (SAR) | Year Low (SAR) |
| 204.80 | 132.00 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 209.40 | 132.00 |
The stock closed at a record low today at SAR 134.40 (-5%), with nearly 1.5 million shares traded.
Accordingly, year-to-date losses reached 20%. The stock fell 23% in the last three months.
The company’s Q3 2023 net earnings dropped 16% year-on-year to SAR 212.8 million.
Market Data :
| Open | 100.20 |
| Low | 97.85 |
| High | 100.20 |
| Previous Close | 99.80 |
| Change (3M) | (11.74 %) |
| Change (6M) | (21.95 %) |
| Market Value | 12,805.00 |
| Avg. Volume (3M) | 266,447.28 |
| Avg. Turnover (3M) | 28,829,151.55 |
| Avg. Transaction (3M) | 2,836.14 |
| Change(12M) | (18.60 %) |
| YTD | (16.24 %) |
The company’s capital has not been changed since its debut in 2022.
Adjustments to the capital (M Riyal) :
| Date | Type | Capital (M Riyal) | Change (%) |
| 2022 | IPO | 1,300.00 | 0.00% |
Financial Performance :
Overview :
Established in 1986 as a sole proprietorship operating two pharmacies in Jeddah, the entity was converted into a limited liability company in 2003 under the name of Abdullah Amer bin Munif AlNahdi & Partners Company for Pharmacies and Medical Equipment, with capital of SAR 50 million. Subsequently, in 2004, the company was renamed to Nahdi Medical Company. The organization initiated Nahdi Academy in 2009 for employee training and development. In 2013, a new corporate identity was launched, a...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 12,805.01 |
| Shares Outstanding ((M)) | 130.00 |
| EPS ( ) (TTM) | 6.25 |
| Book Value (BV) ( Riyal) (Latest announcement) | 19.35 |
| Recurring P/E | 16.11 |
| Price/book | 5.09 |
| Dividend Yield (%) (Last Year) | 5.58 |
| Return on Average Assets (%) (TTM) | 12.82 |
| Return on Average Equity (%) (TTM) | 33.00 |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 12,168.33 |
| EV/adj EBITDA | 7.35 |
| EV/Revenues | 1.22 |
Calendar :
-
21 March
Ex-dividend Date
- -
02 April
Cash Dividend Distribution
- -
28 May
General Assembly
- -
11 August
Ex-dividend Date
- -
25 August
Cash Dividend Distribution
- -
18 September
General Assembly
-
Analyst Estimates :
180
Fair Average Price
1
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Neutral | Citi Bank Group | 157.00 | 180.00 | 14.65 % |
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Comments Analysis: