Saudi Kayan closes at 3-year low

16/01/2024 Argaam Exclusive

Saudi Kayan Petrochemical Co. (Saudi Kayan) fell by 3% today, Jan. 16, hitting SAR 10.04, the lowest close since November 2020. 

 

The stock hit an intraday low of SAR 9.99.

 
Year High (SAR) Year Low (SAR)
14.08 9.99
Highest Since Debut (SAR) Lowest Since Debut (SAR)
35.50 4.40

With today’s decline, the stock’s losses have reached nearly 25% over the past 12 months.

 

Market Data :

Open 7.00
Low 6.88
High 7.01
Previous Close 7.02
Change (3M) (20.37 %)
Change (6M) (18.68 %)
Market Value 10,320.00
Avg. Volume (3M) 3,814,231.43
Avg. Turnover (3M) 30,305,839.91
Avg. Transaction (3M) 4,084.08
Change(12M) (37.91 %)
YTD (37.23 %)

The company made no capital adjustments since listing on the Saudi Stock 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%

Financial Performance :

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...


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 10,320.00
Shares Outstanding ((M)) 1,500.00
EPS ( Riyal) (TTM) (1.16 )
Book Value (BV) ( Riyal) (Latest announcement) 8.10
Adjusted P/E (Last12) Neg
Price/book 0.85
Dividend Yield (%) (Last Year) 0.00
Return on Average Assets (%) (TTM) (6.64 )
Return on Average Equity (%) (TTM) (13.30 )
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M) 18,980.11


Analyst Estimates :

12.75

Fair Average Price

2

Number of Recommendations

Rating Research firm Current Price Target Price Change
Overweight GIB Capital 11.10 14.00 26.13 %
Neutral Riyad Capital 11.02 11.50 4.36 %

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