MESC closes at 2-year peak

13/12/2023 Argaam Exclusive

Middle East Specialized Cables Co.’s (MESC) stock rose 3% today, Dec. 13, to SAR 20.98, notching the highest close since February 2022, as about 1.5 million shares changed hands. 

 

The stock posted an intraday high of SAR 21.18.

Year High (SAR) Year Low (SAR)
21.18 8.99
Highest Since Debut (SAR) Lowest Since Debut (SAR)
146.09 6.84

Accordingly, year-to-date gains reached more than 100%.  

Market Data :

Open 37.60
Low 37.20
High 37.75
Previous Close 37.65
Change (3M) 11.92 %
Change (6M) 13.62 %
Market Value 1,502.00
Avg. Volume (3M) 552,586.12
Avg. Turnover (3M) 21,395,114.20
Avg. Transaction (3M) 1,897.75
Change(12M) 99.73 %
YTD 68.08 %

The company made several changes to its capital since listing on the Saudi Exchange (Tadawul), as indicated below:

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2018 Reduction   400.00 (33.33%)
2013 Right Issue   600.00 50.00%
2008 Split   400.00 25.00%
2007 IPO   320.00 0.00%

Financial Performance :

Overview :

Saudi Industrial Development Co. (SIDC) was established in 1992 in Jeddah as a closed joint-stock company, with capital of SAR 400 million. In 1993, the company was converted into a public Saudi joint-stock company. The company's core business is the manufacture of sanitary supplies from plastics, and foam products. Its operations span five key segments: mattresses and foam segment, encompassing the production and sale of foam with different densities, mattress structures, and associated ac...


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 1,502.00
Shares Outstanding ((M)) 40.00
EPS ( Riyal) (TTM) 1.98
Book Value (BV) ( Riyal) (Latest announcement) 11.16
Adjusted P/E (Last12) 19.34
Price/book 3.37
Dividend Yield (%) (Last Year) 0.00
Return on Average Assets (%) (TTM) 9.93
Return on Average Equity (%) (TTM) 19.47
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M) 1,514.94


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