company background image
2381 logo

Arabian Drilling SASE:2381 Stock Report

Last Price

ر.س157.60

Market Cap

ر.س14.2b

7D

-2.6%

1Y

6.5%

Updated

18 Apr, 2024

Data

Company Financials +

Arabian Drilling Company

SASE:2381 Stock Report

Market Cap: ر.س14.2b

2381 Stock Overview

Arabian Drilling Company operates as an onshore and offshore gas and oil rig drilling company in Saudi Arabia.

2381 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance2/6
Financial Health5/6
Dividends2/6

Arabian Drilling Company Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Arabian Drilling
Historical stock prices
Current Share Priceر.س157.60
52 Week Highر.س214.20
52 Week Lowر.س146.20
Beta0
1 Month Change-12.64%
3 Month Change-23.57%
1 Year Change6.49%
3 Year Changen/a
5 Year Changen/a
Change since IPO28.13%

Recent News & Updates

Results: Arabian Drilling Company Exceeded Expectations And The Consensus Has Updated Its Estimates

Mar 22
Results: Arabian Drilling Company Exceeded Expectations And The Consensus Has Updated Its Estimates

Returns On Capital At Arabian Drilling (TADAWUL:2381) Have Stalled

Feb 22
Returns On Capital At Arabian Drilling (TADAWUL:2381) Have Stalled

Recent updates

Results: Arabian Drilling Company Exceeded Expectations And The Consensus Has Updated Its Estimates

Mar 22
Results: Arabian Drilling Company Exceeded Expectations And The Consensus Has Updated Its Estimates

Returns On Capital At Arabian Drilling (TADAWUL:2381) Have Stalled

Feb 22
Returns On Capital At Arabian Drilling (TADAWUL:2381) Have Stalled

Slowing Rates Of Return At Arabian Drilling (TADAWUL:2381) Leave Little Room For Excitement

Nov 08
Slowing Rates Of Return At Arabian Drilling (TADAWUL:2381) Leave Little Room For Excitement

Analysts Are Updating Their Arabian Drilling Company (TADAWUL:2381) Estimates After Its Third-Quarter Results

Nov 08
Analysts Are Updating Their Arabian Drilling Company (TADAWUL:2381) Estimates After Its Third-Quarter Results

Does This Valuation Of Arabian Drilling Company (TADAWUL:2381) Imply Investors Are Overpaying?

Jul 18
Does This Valuation Of Arabian Drilling Company (TADAWUL:2381) Imply Investors Are Overpaying?

Pinning Down Arabian Drilling Company's (TADAWUL:2381) P/E Is Difficult Right Now

Feb 13
Pinning Down Arabian Drilling Company's (TADAWUL:2381) P/E Is Difficult Right Now

Shareholder Returns

2381SA Energy ServicesSA Market
7D-2.6%1.0%-1.3%
1Y6.5%1.8%0.4%

Return vs Industry: 2381 exceeded the SA Energy Services industry which returned 1.8% over the past year.

Return vs Market: 2381 exceeded the SA Market which returned 0.4% over the past year.

Price Volatility

Is 2381's price volatile compared to industry and market?
2381 volatility
2381 Average Weekly Movement5.5%
Energy Services Industry Average Movement7.0%
Market Average Movement4.8%
10% most volatile stocks in SA Market8.0%
10% least volatile stocks in SA Market2.6%

Stable Share Price: 2381's share price has been volatile over the past 3 months.

Volatility Over Time: 2381's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1964n/aGhassan Abdulaziz Mirdadwww.arabdrill.com

Arabian Drilling Company operates as an onshore and offshore gas and oil rig drilling company in Saudi Arabia. Its services include the supply of drilling services in shallow and deep waters and on land for the exploration and production of oil and natural gas, as well as well intervention and testing, rig move, mobilization, manpower, and other services. The company was founded in 1964 and is based in Al Khobar, Saudi Arabia.

Arabian Drilling Company Fundamentals Summary

How do Arabian Drilling's earnings and revenue compare to its market cap?
2381 fundamental statistics
Market capر.س14.15b
Earnings (TTM)ر.س604.61m
Revenue (TTM)ر.س3.48b

23.2x

P/E Ratio

4.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
2381 income statement (TTM)
Revenueر.س3.48b
Cost of Revenueر.س2.50b
Gross Profitر.س975.90m
Other Expensesر.س371.29m
Earningsر.س604.61m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)6.79
Gross Margin28.07%
Net Profit Margin17.39%
Debt/Equity Ratio51.2%

How did 2381 perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

74%

Payout Ratio
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.