Red Sea shares’ gains near 200% in 2024

25/09/2024 Argaam Exclusive

Shares of Red Sea International Co. (RSI) climbed 2% today, Sept. 25, closing at the highest price since 2015, at SAR 70.10 apiece. 

 

The stock hit an intraday high of SAR 74.50 per share. 

Year High (SAR) Year Low (SAR)
74.50 19.90
Highest Since Debut (SAR) Lowest Since Debut (SAR)
138.92 18.83

Accordingly, the stock has gained nearly 200% year-to-date. 

Market Data :

Open 65.30
Low 64.90
High 67.80
Previous Close 65.30
Change (3M) 71.14 %
Change (6M) 114.40 %
Market Value 2,025.41
Avg. Volume (3M) 1,737,645.34
Avg. Turnover (3M) 108,380,936.09
Avg. Transaction (3M) 8,118.49
Change(12M) 195.94 %
YTD 182.70 %

The company adjusted its capital several times since listing on the Saudi Exchange (Tadawul), as shown in the table below:

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2024 Private Offering   778.37 157.45%
2022 Reduction   302.34 (49.61%)
2022 Right Issue   Deferred 452.34 49.61%
2014 Split   600.00 50.00%
2012 Split   400.00 33.33%
2006 IPO   300.00 0.00%

Financial Performance :



Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 2,025.41
Shares Outstanding ((M)) 30.23
EPS ( Riyal) (TTM) (0.91 )
Book Value (BV) ( Riyal) (Latest announcement) 0.85
Adjusted P/E (Last12) Neg
Price/book 78.80
Dividend Yield (%) (Last Year) 0.00
Return on Average Assets (%) (TTM) (1.47 )
Return on Average Equity (%) (TTM) (60.48 )
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M) 2,658.07


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