ADES stock trades 18.86 percent below its 52-week high

Published on 10/13/2026 at 13:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ADES holds a SAR 34.67 billion backlog as of June 30, 2026. ADES stock costs SAR 16.18 on October 13, 2026 at 1:45 p.m. AST, up 0.31 percent on Tadawul.

Key points in brief

ADES stock is 18.86 percent below its 52-week high of SAR 19.94 as of October 13, 2026.
ADES Group lists a SAR 34.67 billion backlog and 97.60 percent utilization as of June 30, 2026.
ADES stock costs SAR 16.18 on Tadawul at 1:45 p.m. AST on October 13, 2026, up 0.31 percent on the day.
Market capitalization is SAR 17.9 billion and the trailing P/E ratio is 22.53.

ADES, SA55SG6H5716, Illustration mit AI erstellt.

ADES stock traded at SAR 16.18 on Tadawul at 1:45 p.m. AST on October 13, 2026, up 0.31 percent from the previous session's SAR 16.13. The price was 18.86 percent below the 52-week high of SAR 19.94 and 7.37 percent above the low of SAR 15.07, placing the stock closer to the bottom than the top of its yearly range.

Backlog supports the operating base

ADES Group's investor-relations page reports a total backlog of SAR 34.67 billion as of June 30, 2026, alongside effective utilization of 97.60 percent. The same page lists SAR 4.54 billion in revenue from contracts with customers and a 47.60 percent EBITDA margin for the half ended June 30, 2026.

The operating picture is therefore sizeable but capital intensive. The group lists 123 units across 20 countries, including 81 jackup offshore rigs, while the backlog provides a defined contract base for future deployment.

Stock stays below its yearly high

The Tadawul quote showed a day range of SAR 16.13 to SAR 16.39, with 984,435 shares traded against an average volume of 1,349,593 shares. The market capitalization was SAR 17.9 billion, based on the October 13, 2026 quote.

ADES stock remains 18.86 percent below its 52-week high, while its distance above the yearly low is 7.37 percent. That spread gives the price position more weight than the small intraday gain in assessing the current chart frame.

Forecasts point to a softer quarter

AlJazira Capital forecasts third-quarter 2026 net income of SAR 70.60 million for ADES, down 45.00 percent from the prior quarter, with revenue at SAR 2.155 billion. The report attributes pressure to delayed rig reactivation, higher costs and finance expenses linked to the Saipem business, while it notes a SAR 86 million one-off gain in the comparison quarter.

For valuation context, the October 13, 2026 trailing P/E ratio was 22.53. Arabian Drilling traded at SAR 98.75 with a negative P/E ratio of 48.62 and a market capitalization of SAR 8.8 billion, while Nabors Industries traded at USD 79.20 with a P/E ratio of 5.89 and a market capitalization of USD 1.2 billion.

Comparison with peers

ADES (Tadawul, SAR): plus 0.31 percent, P/E 22.53, market capitalization SAR 17.9 billion

Arabian Drilling (Tadawul, SAR): minus 1.20 percent, P/E minus 48.62, market capitalization SAR 8.8 billion

Nabors Industries (NYSE, USD): minus 1.82 percent, P/E 5.89, market capitalization USD 1.2 billion

Price position remains the key measure

ADES combines a SAR 34.67 billion backlog with a price that remains 18.86 percent below its yearly high. The next market signal will come from whether utilization and backlog conversion can offset the cost pressure identified in the third-quarter forecast.