ACWA Power notches record close

17/10/2023 Argaam Exclusive

Shares of ACWA Power Co. hit a lifetime high today, Oct. 17, at SAR 220.80 apiece.

Highest per Year (Riyal) Lowest per Year (Riyal)
220.36 127.74
Highest since listing (Riyal) Lowest since listing (Riyal)
220.36 63.17

The stock closed 3% higher at SAR 219.20, the highest since listing on the Saudi Exchange (Tadawul), with about 1.2 million shares traded.

 

Accordingly, the stock’s year-to-date gains amounted to roughly 41%, and 20% during the last six months.

Market Data :

Open 475.20
Low 467.40
High 485.00
Previous Close 485.20
Change (3M) 39.59 %
Change (6M) 38.91 %
Market Value 349,431.12
Avg. Volume (3M) 242,470.51
Avg. Turnover (3M) 97,396,763.15
Avg. Transaction (3M) 4,198.71
Change(12M) 151.64 %
YTD 89.17 %

ACWA Power has not made any capital adjustments since its listing on Tadawul in October 2021.

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2024 Right Issue   14,450.62 97.26%
2024 Split   7,325.62 0.20%
2021 IPO   7,311.00 13.21%

Financial Performance :

Overview :

ACWA Power was established in 2008 as a closed joint-stock company in Riyadh to acquire Arabian Company for Water and Power Projects, which was established in 2004, with capital of SAR 2.92 billion, as part of the Kingdom’s water and electricity sector privatization plan. The company’s core activity is generating, distributing and wholesale of electric power, as well as desalinating water, as well as establishing, repairing and maintaining electric power plants and transformers, in ...


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 350,310.19
Shares Outstanding ((M)) 732.56
EPS ( Riyal) (TTM) 2.60
Book Value (BV) ( Riyal) (Latest announcement) 28.14
Adjusted P/E (Last12) More than 100
Price/book 17.00
Dividend Yield (%) (Last Year) 0.09
Return on Average Assets (%) (TTM) 3.56
Return on Average Equity (%) (TTM) 9.61
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M) 372,640.53


Analyst Estimates :

154.69

Fair Average Price

1

Number of Recommendations

Rating Research firm Current Price Target Price Change
Neutral Citi Bank Group 185.63 154.69 (16.67 %)

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