Riyadh Cables closes at highest price since debut

07/12/2023 Argaam Exclusive

Riyadh Cable Group Co.’s stock rose today, Dec. 7, by more than 1% to SAR 84.90, notching its highest close since its debut on the Saudi Exchange (Tadawul). Nearly 816,000 shares were traded.

 

The stock hit an intraday high at SAR 87.90.

Highest per Year (Riyal) Lowest per Year (Riyal)
87.90 35.60
Highest since listing (Riyal) Lowest since listing (Riyal)
87.90 35.60
Chart

Accordingly, gains compared to the listing price of SAR 43 reached 100%.

Market Data :

Open 99.50
Low 97.00
High 100.40
Previous Close 99.50
Change (3M) 5.74 %
Change (6M) (6.13 %)
Market Value 14,925.00
Avg. Volume (3M) 247,775.33
Avg. Turnover (3M) 24,911,556.70
Avg. Transaction (3M) 2,248.40
Change(12M) 52.37 %
YTD 7.45 %
Overview

The company hasn’t made any changes to its capital since listing on the Saudi Exchange in December 2022, as indicated below:

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2022 IPO   1,500.00 0.00%
Company Action

Financial Performance :

Financial Statements

Overview :

The company was established in 1984 as a limited liability company in Riyadh under the name “Saudi Modern Company for Cables Industry Ltd. (Riyadh Cables),” with a capital of SAR 7.5 million. The company produces, markets and sells cables, electric wires, conductors and optic fibers. It also manufactures electrical connections, wire extension channels made of plastic and other materials, electrical sockets and outlets, as well as insulated wires and cables made of steel, copper or al...
Profile


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 14,925.00
Shares Outstanding ((M)) 150.00
EPS ( Riyal) (TTM) 3.76
Book Value (BV) ( Riyal) (Latest announcement) 16.24
Adjusted P/E (Last12) 25.73
Price/book 6.13
Dividend Yield (%) (Last Year) 2.51
Return on Average Assets (%) (TTM) 11.24
Return on Average Equity (%) (TTM) 23.98
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M) 15,441.03
Ratios


Analyst Estimates :

83.5

Fair Average Price

2

Number of Recommendations

Rating Research firm Current Price Target Price Change
Neutral GIB Capital 84.90 92.00 8.36 %
Neutral Riyad Capital 73.20 75.00 2.46 %
Estimates

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