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Savola hits highest close since October 2015
22/12/2024
Argaam Exclusive
Shares of Savola Group rose 2% today, Dec. 22, closing at the highest level since October 2015 at SAR 37.7 per share, with around 8.7 million shares traded.
The stock hit an intraday high of SAR 40.6.
| Year High (SAR) | Year Low (SAR) |
| 40.60 | 23.03 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 97.26 | 2.67 |
Market Data :
| Open | 38.05 |
| Low | 36.85 |
| High | 40.60 |
| Previous Close | 36.95 |
| Change (3M) | 23.05 % |
| Change (6M) | 40.19 % |
| Market Value | 11,310.00 |
| Avg. Volume (3M) | 1,727,096.23 |
| Avg. Turnover (3M) | 52,619,747.19 |
| Avg. Transaction (3M) | 3,526.16 |
| Change(12M) | 63.27 % |
| YTD | 60.22 % |
The company made several adjustments to its capital since its listing on Tadawul in February 1991.
Recently, Savola’s extraordinary general meeting (EGM) approved a 73.54% capital reduction from SAR 11.34 billion to SAR 3 billion.
The EGM also approved distributing the company’s entire stake in Almarai Co. as an in-kind dividend to eligible shareholders. This distribution comprises 345.22 million ordinary shares, representing 34.52% of Almarai’s capital.
Adjustments to the capital (M Riyal) :
| Date | Type | Capital (M Riyal) | Change (%) |
| 2024 | Reduction | 3,000.00 | (73.54%) |
| 2024 | Right Issue | 11,339.81 | 112.36% |
| 2013 | Private Offering | 5,339.81 | 6.80% |
| 2008 | Split | 5,000.00 | 33.33% |
| 2006 | Split | 3,750.00 | 25.00% |
| 2006 | Split | 3,000.00 | 66.67% |
| 2006 | Right Issue | 1,800.00 | 20.00% |
| 2005 | Split | 1,500.00 | 20.00% |
| 2005 | Split | 1,250.00 | 25.00% |
| 2004 | Split | 1,000.00 | 25.00% |
Financial Performance :
Overview :
Savola Group was set up as a Saudi joint-stock company in 1979 with a capital of SAR 40 million. The company operates in the wholesale and retail sale of foodstuffs segment. Through its subsidiaries, it manufactures, markets and distributes products including edible oils, pasta, sugar, seafood and sweets.
The firm operates through two key business segments. The food segment, which includes producing edible oils, sugar, pasta, frozen foods, as well as seafood, bakery products, nuts, spices, Legu...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 11,310.00 |
| Shares Outstanding ((M)) | 300.00 |
| EPS ( ) (TTM) | 2.97 |
| Book Value (BV) ( Riyal) (Latest announcement) | 49.09 |
| Adjusted P/E (Last12) | 14.50 |
| Price/book | 0.77 |
| Dividend Yield (%) (Last Year) | 0.00 |
| Return on Average Assets (%) (TTM) | 2.79 |
| Return on Average Equity (%) (TTM) | 7.75 |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M) | 12,542.10 |
No upcoming events available
Analyst Estimates :
32.41
Fair Average Price
8
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Buy | Hermes | 30.55 | 37.00 | 21.11 % | |
| Hold | HSBC | 30.55 | 29.98 | (1.87 %) | |
| Neutral | Al Rajhi Capital | 27.78 | 30.00 | 7.99 % | |
| Sell | AlphaMena | 26.46 | 21.32 | (19.43 %) | |
| Buy | Bank of America | 27.59 | 39.64 | 43.69 % | |
| Neutral | Hermes | 27.85 | 30.00 | 7.69 % | |
| Overweight | SNB Capital | 27.85 | 39.64 | 42.31 % | |
| Neutral | Goldman Sachs | 28.12 | 31.71 | 12.76 % |
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