Jarir falls to lowest close since June 2020

23/04/2024 Argaam Exclusive

Jarir Marketing Co.’s stock fell 1% today, April 23, to finish at SAR 13.88, its lowest close since June 2020, as roughly four million shares changed hands.

The stock hit an intraday low of SAR 13.82.

Year High (SAR)	Year Low (SAR)
17.62	13.82
Highest Since Debut (SAR)	Lowest Since Debut (SAR)
22.50	1.36

Accordingly, the stock’s year-to-date (YTD) losses hit about 10%.

Market Data :

Open	12.74
Low	12.62
High	12.74
Previous Close	12.70
Change (3M)	(3.20 %)
Change (6M)	(3.05 %)

Market Value	15,264.00
Avg. Volume (3M)	2,002,770.26
Avg. Turnover (3M)	26,146,821.65
Avg. Transaction (3M)	4,723.48
Change(12M)	(13.70 %)
YTD	(18.36 %)

The company amended its capital several times and applied a stock split, as follows:

Adjustments to the capital (M Riyal) :

Date	Type	Capital (M Riyal)	Change (%)
Date	Type		Change (%)
2018	Split	1,200.00	33.33%
2013	Split	900.00	50.00%
2011	Split	600.00	50.00%
2009	Split	400.00	33.33%
2005	Split	300.00	25.00%

Jarir reported a profit decline to SAR 219.3 million in Q1 2024, from SAR 247.8 million a year earlier.

Financial Performance :

Overview :

The company was established as a general partnership company in 1979 in Riyadh. In 2000, it was converted into a Saudi joint-stock company. The firm operates via three business segments in Saudi Arabia and GCC. Its key activities include the retail sale of stationery, and office, school and computer supplies, books, smartphones and accessories, as well as electronics, arts and crafts supplies, video games, smart TVs, and childhood skills development products. The company also provides after-sale...

Financial Ratios :

Financial Ratio	Current
Market Cap (M Riyal)	15,264.00
Shares Outstanding ((M))	1,200.00
EPS ( Riyal) (TTM)	0.81
Book Value (BV) ( Riyal) (Latest announcement)	1.48
Adjusted P/E (Last12)	15.71
Price/book	8.58
Dividend Yield (%) (Last Year)	6.56
Return on Average Assets (%) (TTM)	23.53
Return on Average Equity (%) (TTM)	54.31
Par Value ( Riyal)	1.00
Enterprise Value (EV) (M)	14,953.26

Analyst Estimates :

17

Fair Average Price

15

Number of Recommendations

Rating	Research firm	Current Price	Target Price	Change
Neutral	SNB Capital	14.16	16.00	12.99 %
Buy	Riyad Capital	14.16	17.00	20.06 %
Underweight	JP Morgan	14.02	13.85	(1.21 %)
Buy	Hermes	14.16	18.10	27.82 %
Buy	Arqaam Capital	14.16	17.00	20.06 %
Aggregate	U-Capital	14.56	19.20	31.87 %
Neutral	Citi Bank Group	14.70	14.70	0.00 %
Buy	HSBC	14.70	21.00	42.86 %
Underweight	AlphaMena	15.50	16.20	4.52 %
Neutral	Al Rajhi Capital	15.20	16.00	5.26 %
Buy	FAB Securities	15.20	17.50	15.13 %
Overweight	AlJazira Capital	15.22	17.90	17.61 %
Aggregate	U-Capital	15.32	19.20	25.33 %
Buy	Riyad Capital	15.32	17.56	14.62 %
Underweight	JP Morgan	15.18	13.85	(8.76 %)

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