Advanced sinks to over 3-year low

09/10/2023 Argaam Exclusive

Advanced Petrochemical Co.'s stock settled more than 1% lower at SAR 38.30 per share today, Oct. 9, marking the lowest close in more than three years or since May 2020.

Highest per Year (Riyal) Lowest per Year (Riyal)
50.70 38.20
Highest since listing (Riyal) Lowest since listing (Riyal)
75.00 6.60

The stock touched its lowest price today at SAR 38.20.

 

In comparison to the highest price since the debut of SAR 75, share losses reached nearly 50% and 13% in the last three months, with year-to-date losses standing at 17%.

Market Data :

Open 38.00
Low 37.80
High 38.10
Previous Close 38.20
Change (3M) (1.29 %)
Change (6M) (6.60 %)
Market Value 9,867.00
Avg. Volume (3M) 435,843.00
Avg. Turnover (3M) 16,843,985.08
Avg. Transaction (3M) 1,719.12
Change(12M) (4.50 %)
YTD (2.30 %)

The company carried out several capital amendments since listing on Tadawul in 2006, as shown in the following table:

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2022 Split   2,600.00 20.11%
2019 Split   2,164.73 10.00%
2016 Split   1,967.94 20.00%
2012 Split   1,639.95 16.00%
2006 IPO   1,413.75 88.50%

Financial Performance :

Overview :

Advanced Petrochemical Co. was formed as a closed joint stock company in October 2005, with a capital of SAR 750 million, and it was listed on Saudi Stock Exchange to develop an integrated propylene and polypropylene complex. In May 2005, the company started constructing its factories in Jubail Industrial City and started commercial operations on March 3, 2008. ABB Lummus Global Inc. granted the company the right to utilize its CATOFIN® PDH technology to produce propylene and Novolen Technol...


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 9,880.00
Shares Outstanding ((M)) 260.00
EPS ( Riyal) (TTM) 0.20
Book Value (BV) ( Riyal) (Latest announcement) 12.16
Adjusted P/E (Last12) More than 100
Price/book 3.12
Dividend Yield (%) (Last Year) 5.78
Return on Average Assets (%) (TTM) 0.49
Return on Average Equity (%) (TTM) 1.60
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M) 17,406.43


Analyst Estimates :

49.81

Fair Average Price

7

Number of Recommendations

Rating Research firm Current Price Target Price Change
Overweight AlJazira Capital 40.70 52.10 28.01 %
Neutral SNB Capital 42.10 46.70 10.93 %
Overweight GIB Capital 45.20 54.00 19.47 %
Neutral Riyad Capital 46.00 50.00 8.70 %
Aggregate U-Capital 46.20 50.87 10.11 %
Neutral AlJazira Capital 46.00 44.10 (4.13 %)
Aggregate U-Capital 46.15 50.90 10.29 %

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