18/02/2024 Argaam Exclusive
Shares of National Agricultural Development Co. (NADEC) rose 10% today, Feb. 18, to close at the highest price since listing at SAR 35.30 per share.
Nearly 5.4 million shares changed hands at a total value of SAR 187 million.
| Year High (SAR) | Year Low (SAR) |
| 35.30 | 11.34 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 35.30 | 1.40 |
Accordingly, the stock’s full-year gains exceeded 180%.
| 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, as follows:
| 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% |
NADEC’s profits rose to SAR 302.1 million by the end of 2023, compared to SAR 95.5 million in 2022. Q4 2023 profits amounted to about SAR 124 million.
| Financial Ratio | Current |
| Market Cap (M Riyal) | 7,233.33 |
| Shares Outstanding ((M)) | 301.64 |
| EPS ( ) (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 |
Fair Average Price
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Buy | United Securities Company | 29.95 | 34.30 | 14.52 % |
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