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Amiantit hits highest level since September 2021
19/02/2024
Argaam Exclusive
AI Summary
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Shares of Saudi Arabian Amiantit Co. hit today, Feb. 19, their highest price since Sept. 2021, at SAR 80.70 apiece.
The stock closed at SAR 73.50 (-0.2%)
| Year High (SAR) | Year Low (SAR) |
| 26.41 | 11.46 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 473.29 | 9.70 |
Market Data :
| Open | 17.34 |
| Low | 17.02 |
| High | 17.34 |
| Previous Close | 17.25 |
| Change (3M) | (8.69 %) |
| Change (6M) | (19.27 %) |
| Market Value | 763.14 |
| Avg. Volume (3M) | 399,866.06 |
| Avg. Turnover (3M) | 8,136,083.45 |
| Avg. Transaction (3M) | 1,230.89 |
| Change(12M) | (43.74 %) |
| YTD | (39.58 %) |
The company adjusted its capital several times, including a capital reduction and rights issue.
The company recently announced a recommendation on a capital hike through a SAR 346.5 million rights offering.
Adjustments to the capital (M Riyal) :
| Date | Type | Capital (M Riyal) | Change (%) |
| 2024 | Right Issue | 445.50 | 350.00% |
| 2022 | Right Issue Cancelled | 445.50 | 350.00% |
| 2022 | Reduction | 99.00 | (69.06%) |
| 2020 | Right Issue | 320.00 | 60.00% |
| 2020 | Reduction | 200.00 | (41.95%) |
| 2019 | Reduction | 344.52 | (70.17%) |
| 2005 | Right Issue | 1,155.00 | 50.00% |
| 2004 | Split | 770.00 | 10.00% |
| 2003 | Split | 700.00 | 7.69% |
| 2002 | Split | 650.00 | 18.18% |
Amiantit announced today that its accumulated losses decreased to 0% of capital as of Feb. 14.
Financial Performance :
Overview :
Established in Dammam in 1968, the company initially operated as a single-production-line factory specializing in the manufacturing of pipes for infrastructure projects. In 1993, the company was transitioned into Saudi ownership. Subsequently, in 1996, it was converted into a public joint-stock company.
The company is engaged in the establishment and management of industrial projects pertaining to pipes, including the marketing of its products and technologies, as well as preparing and managing...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 763.14 |
| Shares Outstanding ((M)) | 44.55 |
| EPS ( ) (TTM) | (1.51 ) |
| Book Value (BV) ( Riyal) (Latest announcement) | 20.21 |
| Recurring P/E | Neg |
| Price/book | 0.85 |
| Dividend Yield (%) (Last Year) | 0.00 |
| Return on Average Assets (%) (TTM) | (3.18 ) |
| Return on Average Equity (%) (TTM) | (7.31 ) |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 981.50 |
| EV/adj EBITDA | (38.31) |
| EV/Revenues | 1.30 |
Calendar :
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20 February
Ex-dividend Date
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20 February
General Assembly
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27 February
IPO/ Subscription
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05 March
Key Events
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10 March
IPO/ Subscription
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13 March
IPO/ Subscription
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Call Request
Comments Analysis: