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Arabian Cement closes at lowest level since 2020
29/04/2024
Argaam Exclusive
AI Summary
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Arabian Cement Co..'s stock fell more than 1% today, April 29, to its lowest price since October 2020 at SAR 30.55.
| Year High (SAR) | Year Low (SAR) |
| 39.90 | 30.05 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 158.89 | 7.65 |
The stock hit an intraday low of SAR 30.05.
With today's decline, the stock's losses hit about 10% since the beginning of 2024.
Market Data :
| Open | 26.55 |
| Low | 26.55 |
| High | 27.10 |
| Previous Close | 26.75 |
| Change (3M) | 3.86 % |
| Change (6M) | 2.48 % |
| Market Value | 2,690.00 |
| Avg. Volume (3M) | 243,169.27 |
| Avg. Turnover (3M) | 6,282,281.32 |
| Avg. Transaction (3M) | 696.50 |
| Change(12M) | (16.72 %) |
| YTD | 3.46 % |
Arabian Cement adjusted its capital several times since listing on the Saudi Exchange (Tadawul), as shown below:
Adjustments to the capital (M Riyal) :
| Date | Type | Capital (M Riyal) | Change (%) |
| 2014 | Split | 1,000.00 | 25.00% |
| 2008 | Right Issue | 800.00 | 14.29% |
| 2007 | Split | 700.00 | 16.67% |
Financial Performance :
Overview :
Arabian Cement Co. was established in 1955 in Jeddah under the name “Arabian Cement Co. Ltd.," as the first cement manufacturer in both the Kingdom and the Gulf Cooperation Council (GCC). It commenced commercial operations in 1959 with the inauguration of its primary production facility in Jeddah. In 2005, the company was rebranded, adopting its current name.
The company’s core business includes cement production, manufacturing building materials and their derivatives, and enga...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 2,690.00 |
| Shares Outstanding ((M)) | 100.00 |
| EPS ( ) (TTM) | 1.60 |
| Book Value (BV) ( Riyal) (Latest announcement) | 25.65 |
| Adjusted P/E (Last12) | 16.80 |
| Price/book | 1.05 |
| Dividend Yield (%) (Last Year) | 5.58 |
| Return on Average Assets (%) (TTM) | 5.14 |
| Return on Average Equity (%) (TTM) | 5.62 |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M) | 2,724.62 |
Calendar :
-
09 May
Cash Dividend Distribution
- -
30 July
Ex-dividend Date
- -
15 August
Cash Dividend Distribution
- -
27 April
Ex-dividend Date
- -
27 April
General Assembly
- -
15 May
Cash Dividend Distribution
-
Analyst Estimates :
35
Fair Average Price
2
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Neutral | Sico | 32.40 | 36.00 | 11.11 % | |
| Hold | United Securities Company | 32.25 | 34.00 | 5.43 % |
Call Request
Comments Analysis: