Savola records highest close in 3 years

17/01/2024 Argaam Exclusive

Shares of Savola Group, listed under the food and beverages sector, rose today, Jan. 17, to SAR 47.80, recording their highest price in three years, or since November 2020.    

Year High (SAR) Year Low (SAR)
28.03 15.34
Highest Since Debut (SAR) Lowest Since Debut (SAR)
90.79 2.49
Chart

The stock reached an intraday high of SAR 46.10 (+1%). 

 
Savola has gained nearly 20% since the beginning of the month.

Market Data :

Open 24.00
Low 23.66
High 24.32
Previous Close 24.06
Change (3M) (10.20 %)
Change (6M) (8.21 %)
Market Value 27,442.32
Avg. Volume (3M) 1,951,065.68
Avg. Turnover (3M) 53,056,285.40
Avg. Transaction (3M) 4,380.57
Change(12M) 10.62 %
YTD 10.18 %
Overview

The company made capital adjustments, including acquisitions, bonus share distributions, and rights issues, as detailed below:  

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2024 Reduction   3,000.00 (73.54%)
2024 Right Issue   11,339.81 112.36%
2013 Private Offering   5,339.81 6.80%
2008 Split   5,000.00 33.33%
2006 Split   3,750.00 25.00%
2006 Split   3,000.00 66.67%
2006 Right Issue   1,800.00 20.00%
2005 Split   1,500.00 20.00%
2005 Split   1,250.00 25.00%
2004 Split   1,000.00 25.00%
Company Action

Financial Performance :

Financial Statements

Overview :

Savola Group was set up as a Saudi joint-stock company in 1979 with a capital of SAR 40 million. The company operates in the wholesale and retail sale of foodstuffs segment. Through its subsidiaries, it manufactures, markets and distributes products including edible oils, pasta, sugar, seafood and sweets. The firm operates through two key business segments. The food segment, which includes producing edible oils, sugar, pasta, frozen foods, as well as seafood, bakery products, nuts, spices, Legu...
Profile


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 27,442.32
Shares Outstanding ((M)) 1,133.98
EPS ( Riyal) (TTM) 0.79
Book Value (BV) ( Riyal) (Latest announcement) 12.99
Adjusted P/E (Last12) 35.18
Price/book 1.86
Dividend Yield (%) (Last Year) 0.00
Return on Average Assets (%) (TTM) 2.79
Return on Average Equity (%) (TTM) 7.75
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M) 28,674.42
Ratios


Analyst Estimates :

24.57

Fair Average Price

3

Number of Recommendations

Rating Research firm Current Price Target Price Change
Hold HSBC 26.69 26.39 (1.10 %)
Hold Arqaam Capital 21.79 21.52 (1.21 %)
Overweight SNB Capital 22.35 25.81 15.49 %
Estimates

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