SASCO surges to highest level since debut

31/01/2024 Argaam Exclusive

Saudi Automotive Services Co. (SASCO) hit today, Jan. 31, the highest level since debut on the Saudi Exchange (Tadawul) at SAR 84.80.

Year High (SAR) Year Low (SAR)
72.68 28.84
Highest Since Debut (SAR) Lowest Since Debut (SAR)
72.68 0.94

However, the stock did not clinch the highest close since listing, as it recorded SAR 79.40 per share in 2006, but ended today’s session 1% higher at SAR 79.20 apiece.

 

In the last 12 months, SASCO raised its gains to over 120%.

Market Data :

Open 74.90
Low 71.30
High 74.90
Previous Close 75.40
Change (3M) (9.00 %)
Change (6M) 19.84 %
Market Value 5,026.00
Avg. Volume (3M) 456,501.46
Avg. Turnover (3M) 36,963,117.32
Avg. Transaction (3M) 2,549.32
Change(12M) 61.10 %
YTD 12.75 %

The company changed its capital several times, as shown in the following table:

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2024 Split   700.00 16.67%
2018 Split   600.00 11.11%
2015 Split   540.00 20.00%
2006 Split   450.00 50.00%
2001 Reduction   300.00 (50.00%)

Financial Performance :

Overview :

Saudi Automotive Services Co. (SASCO) was founded in 1982 in Riyadh, offering petroleum products and services, as well as vehicle and equipment maintenance. In 1985, SASCO expanded its offerings to include hospitality services with the launch of Al-Baha Motel and commenced vehicle ambulance operations. The company continued to grow with the establishment of central workshops for advanced vehicle maintenance in 1988 and the expansion into the spare parts manufacturing sector in 1992. SASCO's ...


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 5,026.00
Shares Outstanding ((M)) 70.00
EPS ( Riyal) (TTM) 1.42
Book Value (BV) ( Riyal) (Latest announcement) 12.03
Adjusted P/E (Last12) More than 100
Price/book 5.97
Dividend Yield (%) (Last Year) 1.49
Return on Average Assets (%) (TTM) 1.63
Return on Average Equity (%) (TTM) 11.61
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M) 6,569.45


Analyst Estimates :

46.28

Fair Average Price

1

Number of Recommendations

Rating Research firm Current Price Target Price Change
Neutral GIB Capital 50.91 46.28 (9.09 %)

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