Shares of ACWA Power close at all-time high

16/04/2024 Argaam Exclusive

Shares of ACWA Power rose 1% today, April 16, to SAR 417, on the Saudi Exchange (Tadawul), with a trading volume of more than 300,000 shares.

 

The stock hit an all-time high of SAR 427 apiece during the session. Thus, it has gained over 60% year-to-date (YTD

As a result, the stock surged over 60% year-to-date (YTD).

Market Data :

Open 388.00
Low 377.60
High 388.20
Previous Close 387.40
Change (3M) (8.57 %)
Change (6M) (21.37 %)
Market Value 276,614.66
Avg. Volume (3M) 271,844.32
Avg. Turnover (3M) 120,189,304.31
Avg. Transaction (3M) 4,482.29
Change(12M) 70.58 %
YTD 47.22 %

The company made no capital changes since listing on Oct. 11, 2021.

 

ACWA Power’s board of directors proposed a 0.20% capital increase through a bonus issue at one bonus share for each 500 existing shares.

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2024 Right Issue   14,450.62 97.26%
2024 Split   7,325.62 0.20%
2021 IPO   7,311.00 13.21%

Financial Performance :

Overview :

ACWA Power was established in 2008 as a closed joint-stock company in Riyadh to acquire Arabian Company for Water and Power Projects, which was established in 2004, with capital of SAR 2.92 billion, as part of the Kingdom’s water and electricity sector privatization plan. The company’s core activity is generating, distributing and wholesale of electric power, as well as desalinating water, as well as establishing, repairing and maintaining electric power plants and transformers, in ...


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 276,614.66
Shares Outstanding ((M)) 732.56
EPS ( Riyal) (TTM) 2.50
Book Value (BV) ( Riyal) (Latest announcement) 25.28
Adjusted P/E (Last12) More than 100
Price/book 14.94
Dividend Yield (%) (Last Year) 0.12
Return on Average Assets (%) (TTM) 3.28
Return on Average Equity (%) (TTM) 9.13
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M) 299,454.28


Analyst Estimates :

265.47

Fair Average Price

2

Number of Recommendations

Rating Research firm Current Price Target Price Change
Neutral Al Rajhi Capital 289.02 274.45 (5.04 %)
Neutral Al Rajhi Capital 245.71 256.49 4.39 %

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