Southern Cement sinks to lowest price in 4 years

15/01/2024 Argaam Exclusive

Southern Province Cement Co., listed on the main market (TASI), recorded the lowest price since January 2019 at SAR 39.10, today, Jan. 15.

 

The stock closed today’s session 0.4% higher at SAR 40.35 per share.

Highest per Year (Riyal) Lowest per Year (Riyal)
54.60 39.10
Highest since listing (Riyal) Lowest since listing (Riyal)
185.85 12.71

Market Data :

Open 35.90
Low 35.45
High 36.35
Previous Close 35.60
Change (3M) (7.53 %)
Change (6M) (10.44 %)
Market Value 5,068.00
Avg. Volume (3M) 89,136.93
Avg. Turnover (3M) 3,259,508.97
Avg. Transaction (3M) 647.77
Change(12M) (23.28 %)
YTD (16.33 %)

The company adjusted its capital in 2006 by distributing bonus shares, as shown in the table below:

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2006 Split   1,400.00 33.33%

Financial Performance :

Overview :

It was formed in 1978 as a Saudi joint stock company, with a capital of SAR 700 million in Abha. It sells its products in Southern and western Provinces.



Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 5,040.00
Shares Outstanding ((M)) 140.00
EPS ( Riyal) (TTM) 1.57
Book Value (BV) ( Riyal) (Latest announcement) 23.48
Adjusted P/E (Last12) 24.87
Price/book 1.53
Dividend Yield (%) (Last Year) 2.76
Return on Average Assets (%) (TTM) 5.43
Return on Average Equity (%) (TTM) 6.77
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M) 5,249.68


Analyst Estimates :

45.64

Fair Average Price

5

Number of Recommendations

Rating Research firm Current Price Target Price Change
Neutral AlJazira Capital 43.00 42.50 (1.16 %)
Hold United Securities Company 43.20 45.00 4.17 %
Neutral SNB Capital 40.90 40.70 (0.49 %)
Buy Riyad Capital 41.10 53.00 28.95 %
Hold United Securities Company 41.10 47.00 14.36 %

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