Almunajem hits all-time high

24/04/2024 Argaam Exclusive

Shares of Almunajem Foods Co. rose today, April 24, to SAR 120 apiece, hitting the highest price since debut on the Saudi Exchange (Tadawul). 

Highest per Year (Riyal) Lowest per Year (Riyal)
120.00 59.40
Highest since listing (Riyal) Lowest since listing (Riyal)
120.00 55.00

The stock ended today's session down 3% at SAR 115.60, as nearly 666,500 shares changed hands. 

Market Data :

Open 117.20
Low 116.00
High 118.20
Previous Close 120.00
Change (3M) 16.96 %
Change (6M) 11.32 %
Market Value 7,020.00
Avg. Volume (3M) 286,085.97
Avg. Turnover (3M) 31,394,209.78
Avg. Transaction (3M) 2,218.66
Change(12M) 73.41 %
YTD 62.82 %

Almunajem has not made any changes to its capital since listing in December 2021, as indicated below:

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2021 IPO   600.00 0.00%

Financial Performance :

Overview :

The company was formed as a sole proprietorship in 1950, by Abdullah Ali Almunajem in Riyadh. In 2007, and following the demise of the founder, the firm was converted into a Saudi limited liability company under the name “Almunajem Cold Stores Company”, with capital of SAR 150 million. In 2021, it was converted into a closed joint-stock company and its name was changed to “Almunajem Foods Co.”. The firm imports, markets and distributes frozen, chilled, and dry foods in Sa...


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 7,020.00
Shares Outstanding ((M)) 60.00
EPS ( Riyal) (TTM) 5.34
Book Value (BV) ( Riyal) (Latest announcement) 17.17
Adjusted P/E (Last12) 22.18
Price/book 6.81
Dividend Yield (%) (Last Year) 2.78
Return on Average Assets (%) (TTM) 19.83
Return on Average Equity (%) (TTM) 31.89
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M) 6,950.05


Analyst Estimates :

97.9

Fair Average Price

2

Number of Recommendations

Rating Research firm Current Price Target Price Change
Neutral CI Capital 95.00 93.80 (1.26 %)
Overweight Al Rajhi Capital 90.00 102.00 13.33 %

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