Riyadh Cables hits highest price since debut

30/01/2024 Argaam Exclusive

Shares of Riyadh Cables Group Co. hit today, Jan. 30, the highest level since listing on the Saudi Exchange (Tadawul) at SAR 115 apiece.

Highest per Year (Riyal) Lowest per Year (Riyal)
115.00 39.75
Highest since listing (Riyal) Lowest since listing (Riyal)
115.00 35.60

The stock closed 4% lower at SAR 105.40, with about 600,000 shares traded. 

Market Data :

Open 101.00
Low 99.90
High 102.00
Previous Close 102.00
Change (3M) 0.99 %
Change (6M) 0.39 %
Market Value 15,120.00
Avg. Volume (3M) 301,577.58
Avg. Turnover (3M) 31,439,412.09
Avg. Transaction (3M) 2,351.15
Change(12M) 47.83 %
YTD 10.15 %

The company did not make any capital adjustments since its listing on Tadawul in December 2022, as shown below:

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2022 IPO   1,500.00 0.00%

Financial Performance :

Overview :

The company was established in 1984 as a limited liability company in Riyadh under the name “Saudi Modern Company for Cables Industry Ltd. (Riyadh Cables),” with a capital of SAR 7.5 million. The company produces, markets and sells cables, electric wires, conductors and optic fibers. It also manufactures electrical connections, wire extension channels made of plastic and other materials, electrical sockets and outlets, as well as insulated wires and cables made of steel, copper or al...


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 15,090.00
Shares Outstanding ((M)) 150.00
EPS ( Riyal) (TTM) 3.98
Book Value (BV) ( Riyal) (Latest announcement) 16.03
Adjusted P/E (Last12) 24.82
Price/book 6.28
Dividend Yield (%) (Last Year) 2.48
Return on Average Assets (%) (TTM) 10.93
Return on Average Equity (%) (TTM) 26.31
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M) 15,835.45


Analyst Estimates :

83.5

Fair Average Price

2

Number of Recommendations

Rating Research firm Current Price Target Price Change
Neutral GIB Capital 84.90 92.00 8.36 %
Neutral Riyad Capital 73.20 75.00 2.46 %

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