ADES closes at highest price since debut

14/11/2023 Argaam Exclusive

ADES Holding Co.’s stock rose today, Nov. 14, by over 3% to SAR 20.68, notching its highest close since debut on the Saudi Exchange (Tadawul).

 

Nearly 7.7 million shares were traded.

 

ADES hit an intraday high of SAR 20.86 today.

Highest per Year (Riyal) Lowest per Year (Riyal)
20.86 14.84
Highest since listing (Riyal) Lowest since listing (Riyal)
20.86 14.84
Chart

With today’s leap, ADES gains exceeded 50% compared to its listing price of SAR 13.50 per share.

Market Data :

Open 20.90
Low 20.82
High 21.08
Previous Close 21.00
Change (3M) 19.09 %
Change (6M) 6.00 %
Market Value 23,529.61
Avg. Volume (3M) 4,743,753.85
Avg. Turnover (3M) 95,688,233.48
Avg. Transaction (3M) 6,123.77
Change(12M) n/a
YTD (13.17 %)
Overview

The company was listed on Tadawul on Oct. 11, 2023, at a nominal value of SAR 1 a share.

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2023 IPO   1,129.06 31.58%
Company Action

Financial Performance :

Financial Statements

Overview :

ADES Egypt was initially established in 2002 as a joint-stock company. In 2012, the company acquired the first offshore rig to operate in Gulf of Suez in Egypt, and in 2015, it became the market leader in Egypt’s offshore market (Gulf of Suez) and expanded out of Egypt by entering the Algerian onshore market. In 2016, the company entered the Saudi market via acquiring three contracted offshore rigs from Hercules. In the same year, ADES International was established in Dubai International F...
Profile


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 23,529.61
Shares Outstanding ((M)) 1,129.06
EPS ( Riyal) (TTM) 0.57
Book Value (BV) ( Riyal) (Latest announcement) 5.56
Adjusted P/E (Last12) 31.97
Price/book 3.75
Dividend Yield (%) (Last Year)
Return on Average Assets (%) (TTM) 3.39
Return on Average Equity (%) (TTM) 14.80
Par Value ( Riyal) 1.00
Enterprise Value (EV) (M) 33,721.56
Ratios


Analyst Estimates :

17.68

Fair Average Price

6

Number of Recommendations

Rating Research firm Current Price Target Price Change
Neutral SNB Capital 18.40 19.20 4.35 %
Overweight GIB Capital 18.56 20.50 10.45 %
Neutral Al Rajhi Capital 18.56 18.20 (1.94 %)
Initiation AlJazira Capital 13.50 16.00 18.52 %
Buy YAQEEN 13.50 16.70 23.70 %
Initiation United Securities Company 13.50 15.50 14.81 %
Estimates

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