Chemanol closes at 3-year low

22/10/2023 Argaam Exclusive

Methanol Chemicals Co. (Chemanol) dropped today, Oct. 22, over 2% to close at their lowest level in three years at SAR 19, after around 600,000 shares changed hands.

Highest per Year (Riyal) Lowest per Year (Riyal)
32.65 18.96
Highest since listing (Riyal) Lowest since listing (Riyal)
49.70 8.76
Chart

The stock hit an intraday low of SAR 18.96.

 

The stock has lost about 25% year to date and nearly 62% compared to the highest share price since listing (SAR 49.70).

Market Data :

Open 15.54
Low 15.32
High 15.64
Previous Close 15.56
Change (3M) (10.29 %)
Change (6M) (18.92 %)
Market Value 1,034.68
Avg. Volume (3M) 333,692.67
Avg. Turnover (3M) 5,195,209.35
Avg. Transaction (3M) 1,057.20
Change(12M) (39.01 %)
YTD (24.06 %)
Overview

The company changed its capital as shown in the table below:

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2024 Right Issue   1,024.51 51.89%
2021 Right Issue   Cancelled 1,225.01 81.61%
2021 Reduction   674.51 (44.07%)
2020 Right Issue   Cancelled 1,154.50 71.16%
2008 IPO   1,206.00 100.00%
Company Action

Financial Performance :

Financial Statements

Overview :

Methanol Chemicals Co. (Chemanol) was founded in 1989. In 2008, the Company raised capital to SAR 1.2 billion through an IPO, issuing 60.3 million new shares. The Company operates chemicals plants in( Al Jubail Industrial City) that includes; Methanol, Formaldehyde, Hexamine, Para formaldehyde, super plasticizersand Melamine Formaldehyde Powder Resin.
Profile


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 1,034.68
Shares Outstanding ((M)) 67.45
EPS ( Riyal) (TTM) (2.27 )
Book Value (BV) ( Riyal) (Latest announcement) 15.06
Adjusted P/E (Last12) Neg
Price/book 1.02
Dividend Yield (%) (Last Year) 7.00
Return on Average Assets (%) (TTM) (8.34 )
Return on Average Equity (%) (TTM) (14.02 )
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M) 1,420.40
Ratios


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