Alsaif Gallery closes at lowest level since debut

09/11/2023 Argaam Exclusive

Shares of AlSaif Stores for Development and Investment Co. (Alsaif Gallery) slumped 1% today, Nov. 9, recording the lowest close since listing, as about 1.2 million shares exchanged hands. 

Nearly 500,000 shares have been traded so far.

 

With today's decline, the stock's year-to-date losses amounted to 18%. Compared to its highest price, its losses hit 34%.  

Market Data :

Open 7.84
Low 7.84
High 7.84
Previous Close 7.82
Change (3M) (1.76 %)
Change (6M) (34.72 %)
Market Value 2,758.00
Avg. Volume (3M) 1,129,837.22
Avg. Turnover (3M) 9,251,895.40
Avg. Transaction (3M) 1,400.35
Change(12M) 2.76 %
YTD (11.24 %)

The retailer reduced the stock’s par value from SAR 10 to SAR 1.

 

The company’s Q3 2023 net profit dropped 45% to SAR 15.3 million, compared to the year-earlier period.

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2022 IPO   350.00 0.00%

Financial Performance :

Overview :

The company was incorporated in 1993 as a sole proprietorship owned by Suleiman bin Muhammad Alsaif, in Riyadh. The company started its operations in the retail sale and wholesale of home appliances, household utensils, as well as home, office and medical furniture, antiques, gifts and plastics. The company is also involved in the wholesale and retail sale of toiletries, perfumes, cosmetics, women’s accessories, belts and bags.


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 2,740.50
Shares Outstanding ((M)) 350.00
EPS ( Riyal) (TTM) 0.15
Book Value (BV) ( Riyal) (Latest announcement) -
Adjusted P/E (Last12) 52.62
Price/book -
Dividend Yield (%) (Last Year) 2.54
Return on Average Assets (%) (TTM) 6.14
Return on Average Equity (%) (TTM) -
Par Value ( Riyal) 1.00
Enterprise Value (EV) (M) -


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