SASCO shares finish at highest price since debut

02/09/2024 Argaam Exclusive

Saudi Automotive Services Co. (SASCO) gained 7% today, Sept. 2, ending trading at the highest level since its debut on the Saudi Exchange (Tadawul) at SAR 83.80 per share.
 

The stock posted an intraday high of SAR 84.50.

Highest per Year (Riyal) Lowest per Year (Riyal)
84.50 42.51
Highest since listing (Riyal) Lowest since listing (Riyal)
84.50 0.94
Chart

Thus, SASCO advanced approximately 30% year-to-date (YTD).

Market Data :

Open 79.10
Low 78.50
High 84.50
Previous Close 78.20
Change (3M) 42.73 %
Change (6M) 3.68 %
Market Value 5,866.00
Avg. Volume (3M) 724,142.85
Avg. Turnover (3M) 45,397,807.25
Avg. Transaction (3M) 3,732.85
Change(12M) 45.93 %
YTD 31.59 %
Overview
The company also implemented several capital changes since listing on Tadawul, 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%)
Company Action

Financial Performance :

Financial Statements

Overview :

The Saudi Automotive Services Company (SASCO) was founded in Riyadh in 1982. Its primary business is in the retail sector, where it runs car service centers, rest houses and restaurants on highways. Sasco owns a club that issues international driving licenses and Customs Transit (Triptik) books.
Profile


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 5,866.00
Shares Outstanding ((M)) 70.00
EPS ( Riyal) (TTM) 1.45
Book Value (BV) ( Riyal) (Latest announcement) 12.12
Adjusted P/E (Last12) More than 100
Price/book 6.92
Dividend Yield (%) (Last Year) 1.28
Return on Average Assets (%) (TTM) 1.65
Return on Average Equity (%) (TTM) 11.98
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M) 7,338.01
Ratios


Analyst Estimates :

63

Fair Average Price

1

Number of Recommendations

Rating Research firm Current Price Target Price Change
Neutral GIB Capital 75.60 63.00 (16.67 %)
Estimates

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