MBC Group’s stock surges 220% since debut

22/01/2024 Argaam Exclusive

MBC Group stock rose today, Jan. 22, to SAR 79.90, notching its highest price since debut on the Saudi Exchange (Tadawul). 

 

With today's rise, the stock soared 220% as compared to its listing price at SAR 25. 

The stock is trading up 10%, with about 300,000 shares traded so far.

 

Market Data :

Open 46.80
Low 46.30
High 48.15
Previous Close 46.65
Change (3M) 4.05 %
Change (6M) (4.80 %)
Market Value 15,810.38
Avg. Volume (3M) 445,215.92
Avg. Turnover (3M) 20,113,724.80
Avg. Transaction (3M) 1,636.49
Change(12M) n/a
YTD n/a

The group listed its shares on the market on Jan. 8, marking the first listing on Tadawul during 2024. 

 

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2023 IPO   3,325.00 11.11%

Financial Performance :

Overview :

MBC Group Co. started operations in 1991 in London. In 2001, the group moved its headquarters from London to Dubai Media City before moving it to Riyadh in 2022. In 2002, the firm expanded its business by launching new channels, and in 2009, it launched Shahid platform, while broadcasting 13 free-to-air (FTA) TV channels. In 2023, the group was established as a closed joint-stock company with capital of SAR 500,000. The group conducts its business through its subsidiaries which carry out TV and...


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 15,810.38
Shares Outstanding ((M)) 332.50
EPS ( Riyal) (TTM) 0.78
Book Value (BV) ( Riyal) (Latest announcement) 12.01
Adjusted P/E (Last12) 67.35
Price/book 3.96
Dividend Yield (%) (Last Year) 0.00
Return on Average Assets (%) (TTM) -
Return on Average Equity (%) (TTM) -
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M) 14,610.59


Analyst Estimates :

51.75

Fair Average Price

2

Number of Recommendations

Rating Research firm Current Price Target Price Change
Neutral SNB Capital 79.90 60.50 (24.28 %)
Neutral JP Morgan 79.90 43.00 (46.18 %)

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