Saudi Kayan ends at 3-year low

26/10/2023 Argaam Exclusive

Saudi Kayan Petrochemical Co. (Saudi Kayan) fell by more than 1% today, Oct. 26, to end at SAR 10.70, the lowest price in three years, with over one million shares traded. 

 

The stock hit an intraday low of SAR 10.66. 

Highest per Year (Riyal) Lowest per Year (Riyal)
14.34 10.66
Highest since listing (Riyal) Lowest since listing (Riyal)
35.50 4.40
Chart

Today’s retreat brought Saudi Kayan stock’s losses since the beginning of October to around 14% and more than 20% since the beginning of 2023. 

Market Data :

Open 8.70
Low 8.49
High 8.71
Previous Close 8.61
Change (3M) (7.72 %)
Change (6M) (12.56 %)
Market Value 12,735.00
Avg. Volume (3M) 1,941,695.00
Avg. Turnover (3M) 16,560,527.55
Avg. Transaction (3M) 2,829.87
Change(12M) (31.42 %)
YTD (22.54 %)
Overview

The company made no capital adjustments since listing on the Saudi Exchange (Tadawul) in 2007, as shown in the following table: 

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2007 IPO   15,000.00 0.00%
Company Action

Financial Performance :

Financial Statements

Overview :

Saudi Kayan Petrochemical Co. (Saudi Kayan) was established in June 2007 as a Saudi joint-stock company listed on the Saudi Stock Main Market (Tadawul).  Saudi Arabia Basic Industries Corp, (SABIC) owns 35% of it. The company establishes, operates and manages an industrial complex in Jubail Industrial City, with an annual production capacity of 5.5 million tons of chemicals and polymers including Ethylene, Propylene, Polypropylene (PP), as well as High-density polyethylene (HDPE), Low-dens...
Profile


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 12,735.00
Shares Outstanding ((M)) 1,500.00
EPS ( Riyal) (TTM) (1.36 )
Book Value (BV) ( Riyal) (Latest announcement) 8.50
Adjusted P/E (Last12) Neg
Price/book 1.00
Dividend Yield (%) (Last Year) -
Return on Average Assets (%) (TTM) (7.44 )
Return on Average Equity (%) (TTM) (14.78 )
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M) 21,855.66
Ratios


Analyst Estimates :

13.96

Fair Average Price

5

Number of Recommendations

Rating Research firm Current Price Target Price Change
Neutral Riyad Capital 11.02 11.50 4.36 %
Overweight AlJazira Capital 12.54 16.70 33.17 %
Neutral SNB Capital 12.50 13.60 8.80 %
Neutral Riyad Capital 12.26 13.50 10.11 %
Neutral AlJazira Capital 12.40 14.50 16.94 %
Estimates

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