NADEC shares close at all-time high

24/01/2024 Argaam Exclusive

Shares of National Agricultural Development Co. (NADEC) rose 4% today, Jan. 24, to close at SAR 30.10 each — the highest price since 2006, after nearly 2.7 million shares changed hands.  

 

The stock hit an intraday high of SAR 30.90 — the highest since listing.

Year High (SAR) Year Low (SAR)
30.90 10.79
Highest Since Debut (SAR) Lowest Since Debut (SAR)
30.90 1.40

Accordingly, the stock has gained over 160% year-to-date (YTD). 

Market Data :

Open 24.14
Low 23.92
High 24.24
Previous Close 24.10
Change (3M) (18.16 %)
Change (6M) (25.06 %)
Market Value 7,233.33
Avg. Volume (3M) 1,222,983.98
Avg. Turnover (3M) 32,903,689.63
Avg. Transaction (3M) 3,827.35
Change(12M) 7.34 %
YTD (13.90 %)

The company amended its capital several times through bonus share distributions and rights issues.

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2023 Right Issue   3,016.40 196.77%
2020 Split   1,016.40 20.00%
2017 Private Offering   Cancelled 1,382.86 63.27%
2016 Split   847.00 10.00%
2015 Split   770.00 10.00%
2014 Split   700.00 16.67%
2008 Split   600.00 50.00%

Financial Performance :

Overview :

The company was established as a Saudi joint-stock company in Riyadh in 1981. It is engaged in agricultural and livestock production, reclamation of agricultural land, food processing, and marketing and distribution of its products. The firm operates via two key business segments, the dairy and food manufacturing segment, which includes managing dairy farms, agricultural production, manufacturing of dairy and food products, including honey and date processing. The agricultural segment includes ...


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 7,233.33
Shares Outstanding ((M)) 301.64
EPS ( Riyal) (TTM) 1.49
Book Value (BV) ( Riyal) (Latest announcement) 13.00
Adjusted P/E (Last12) 17.04
Price/book 1.85
Dividend Yield (%) (Last Year) 0.00
Return on Average Assets (%) (TTM) 9.30
Return on Average Equity (%) (TTM) 16.71
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M) 5,959.83


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