Al Arabia surges to highest level since debut

26/10/2023 Argaam Exclusive

Arabian Contracting Services Co. (Al Arabia), listed under the media and entertainment sector, hit an all-time high at SAR 230 today, Oct. 26, on the Saudi Exchange (Tadawul).

Highest per Year (Riyal) Lowest per Year (Riyal)
230.00 99.90
Highest since listing (Riyal) Lowest since listing (Riyal)
230.00 84.70
Chart

The stock rose 7% with nearly 100,000 shares traded, so far.

 

The leap brought the stock’s gains up to 100% since the beginning of 2023.

 

Compared to its lowest level since debut at SAR 84.70, the stock posted a more than 160% jump.

Market Data :

Open 213.00
Low 213.00
High 217.00
Previous Close 213.00
Change (3M) (4.21 %)
Change (6M) (18.83 %)
Market Value 10,690.00
Avg. Volume (3M) 78,525.05
Avg. Turnover (3M) 17,152,045.78
Avg. Transaction (3M) 1,464.38
Change(12M) 2.89 %
YTD (11.29 %)
Overview

Since listing on Tadawul in 2021, Al Arabia has not made any changes to its capital, as shown below:

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2024 Split   550.00 10.00%
2021 IPO   500.00 0.00%
2015 IPO   Cancelled 550.00 42.86%
Company Action

The company signed on Oct. 25, with Remat Al-Riyadh development Co., a contract for constructing, operating and maintaining outdoor billboards in Riyadh.

Financial Performance :

Financial Statements

Overview :

The company was established in 1983 as a limited liability company in Riyadh, with capital of SAR 1 million. In 2021, the company was converted into a Saudi joint-stock company. It operates via two key business segments: advertising and printing. The company establishes and operates indoor and outdoor billboards, in addition to conducting all kinds of printing including advertising material, commercial printing and binding.
Profile


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 10,690.00
Shares Outstanding ((M)) 50.00
EPS ( Riyal) (TTM) 5.81
Book Value (BV) ( Riyal) (Latest announcement) 25.03
Adjusted P/E (Last12) 36.80
Price/book 8.54
Dividend Yield (%) (Last Year) 1.08
Return on Average Assets (%) (TTM) 7.53
Return on Average Equity (%) (TTM) 26.14
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M) 11,989.29
Ratios


Analyst Estimates :

235

Fair Average Price

1

Number of Recommendations

Rating Research firm Current Price Target Price Change
Overweight Al Rajhi Capital 187.20 235.00 25.53 %
Estimates

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