Arabian Drilling closes at highest price since debut

14/01/2024 Argaam Exclusive

Arabian Drilling Co. (ADC), listed on the main market (TASI), rose 1% today, Jan. 14, to SAR 208.20, notching its highest close since its debut. Nearly 155,000 shares were traded.

Highest per Year (Riyal) Lowest per Year (Riyal)
211.60 124.20
Highest since listing (Riyal) Lowest since listing (Riyal)
211.60 100.00
Chart

With today's rise, the stock's gained about 110%, compared to its listing price of SAR 100.

Market Data :

Open 139.40
Low 138.80
High 140.40
Previous Close 139.40
Change (3M) (10.64 %)
Change (6M) (30.78 %)
Market Value 12,406.60
Avg. Volume (3M) 271,170.15
Avg. Turnover (3M) 37,643,715.57
Avg. Transaction (3M) 3,004.97
Change(12M) (13.42 %)
YTD (27.02 %)
Overview

The company did not make any amendments to its capital since listing on TASI on Nov. 7, 2022. 

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2022 IPO   890.00 42.86%
Company Action

Financial Performance :

Financial Statements

Overview :

Arabian Drilling Co. was established in 1964 as a joint venture, with a capital of SAR 2 million in Khobar. The company operates in two segments: onshore segment, which includes provision of drilling and related services through onshore rigs, and offshore segment, which includes provision of drilling and related services through offshore rigs. Its activities also include drilling of oil and natural gas fields, offering services related to oil extraction, except surveying services, and drilling o...
Profile


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 12,406.60
Shares Outstanding ((M)) 89.00
EPS ( Riyal) (TTM) 6.85
Book Value (BV) ( Riyal) (Latest announcement) 68.63
Adjusted P/E (Last12) 20.36
Price/book 2.03
Dividend Yield (%) (Last Year) 3.63
Return on Average Assets (%) (TTM) 5.98
Return on Average Equity (%) (TTM) 10.29
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M) 14,138.42
Ratios


Analyst Estimates :

188

Fair Average Price

1

Number of Recommendations

Rating Research firm Current Price Target Price Change
Neutral Al Rajhi Capital 187.60 188.00 0.21 %
Estimates

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