Al Arabia closes at highest price since debut

26/12/2023 Argaam Exclusive

Arabian Contracting Services Co. (Al Arabia) stock rose today, Dec. 26, by more than 3% to SAR 229.40, notching its highest close since its debut on the Saudi Exchange (Tadawul). Nearly 200,000 shares were traded.

The stock also hit an all-time high today at SAR 233, before paring gains.

 

The stock recorded year-to-date gains exceeding 100%.

Market Data :

Open 153.00
Low 148.00
High 154.20
Previous Close 153.00
Change (3M) (28.45 %)
Change (6M) (33.57 %)
Market Value 7,620.00
Avg. Volume (3M) 126,670.20
Avg. Turnover (3M) 22,687,822.89
Avg. Transaction (3M) 1,503.13
Change(12M) (14.19 %)
YTD (36.76 %)

The company has not made any changes to its capital since listing on Tadawul in December 2021, as indicated 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%

Financial Performance :

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.


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 7,620.00
Shares Outstanding ((M)) 50.00
EPS ( Riyal) (TTM) 5.44
Book Value (BV) ( Riyal) (Latest announcement) 25.89
Adjusted P/E (Last12) 28.03
Price/book 5.89
Dividend Yield (%) (Last Year) 1.51
Return on Average Assets (%) (TTM) 7.17
Return on Average Equity (%) (TTM) 23.35
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M) 8,919.29


Analyst Estimates :

280

Fair Average Price

1

Number of Recommendations

Rating Research firm Current Price Target Price Change
Hold YAQEEN 255.40 280.00 9.63 %

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