Nahdi closes at record low

10/10/2023 Argaam Exclusive

Shares of Nahdi Medical Co. dropped 2% to close at SAR 137.20, the lowest since debut on the main market (TASI), with nearly 436,000 shares traded.

Highest per Year (Riyal) Lowest per Year (Riyal)
209.20 137.20
Highest since listing (Riyal) Lowest since listing (Riyal)
209.40 137.20
Chart

Thus, the stock's year-to-date (YTD) losses reached 16% and 12-month losses hit almost 30%.

Market Data :

Open 132.80
Low 132.40
High 133.80
Previous Close 132.60
Change (3M) (5.00 %)
Change (6M) (5.81 %)
Market Value 17,290.00
Avg. Volume (3M) 207,178.27
Avg. Turnover (3M) 27,758,241.80
Avg. Transaction (3M) 2,235.08
Change(12M) (25.45 %)
YTD (2.92 %)
Overview

The company did not carry out any changes to its capital since debut in 2022.

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2022 IPO   1,300.00 0.00%
Company Action

Financial Performance :

Financial Statements

Overview :

Nahdi Medical Co. was established in 1986 as a sole proprietorship under the name “Abdullah Amer bin Munif Al-Nahdi Establishment”. The company’s core business covers pharmacies, and drug warehouse activities, as well as retail of devices, equipment and medical supplies, and wholesale of medical devices and equipment. Nahdi provides its services through 1,151 pharmacies in 144 cities and villages, serving 97% of the Kingdom’s population. The company also manages three dis...
Profile


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 17,290.00
Shares Outstanding ((M)) 130.00
EPS ( Riyal) (TTM) 6.78
Book Value (BV) ( Riyal) (Latest announcement) 17.82
Adjusted P/E (Last12) 20.36
Price/book 7.46
Dividend Yield (%) (Last Year) 4.14
Return on Average Assets (%) (TTM) 15.55
Return on Average Equity (%) (TTM) 40.02
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M) 16,520.06
Ratios


Analyst Estimates :

197

Fair Average Price

2

Number of Recommendations

Rating Research firm Current Price Target Price Change
Neutral Citi Bank Group 157.00 180.00 14.65 %
Buy Riyad Capital 175.40 214.00 22.01 %
Estimates

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