Sipchem falls to lowest level since July 2021

04/03/2024 Argaam Exclusive

Shares of Sahara International Petrochemical Co. (Sipchem) fell today, March 4, to SAR 30.05, their lowest price since July 2021.

Highest per Year (Riyal) Lowest per Year (Riyal)
40.90 30.05
Highest since listing (Riyal) Lowest since listing (Riyal)
60.00 9.75
Chart

The stock remained unchanged at the close of today’s session at SAR 30.50 per share, with nearly 2.1 million shares traded. 

 

Market Data :

Open 29.00
Low 28.70
High 29.05
Previous Close 29.10
Change (3M) (10.16 %)
Change (6M) (6.50 %)
Market Value 21,083.24
Avg. Volume (3M) 2,010,784.82
Avg. Turnover (3M) 61,494,577.52
Avg. Transaction (3M) 4,056.77
Change(12M) (20.91 %)
YTD (15.57 %)
Overview

The company adjusted its capital through acquisitions, bonus shares, and rights issues, as detailed below: 

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2019 Private Offering   7,333.00 100.03%
2011 Split   3,666.70 10.00%
2008 Right Issue   3,333.00 66.65%
2007 Split   2,000.00 33.33%
2006 IPO   1,500.00 0.00%
Company Action

Sipchem’s profits dropped in 2023 to SAR 1.17 billion, from SAR 3.59 billion in 2022. 

Financial Performance :

Financial Statements

Overview :

Sipchem was set up as a joint-stock company in 1999. The company manage and own a petrochemicals complex at Jubail Industrial City (Saudi Arabia). The complex produces a wide range of petrochemicals, including methanol, butanediol, tetrahydrofuran, carbon monoxide, acetic acid, vinyl acetate and low-density polyethylene. In 2019, the company fully acquired Sahara Petrochemical Co. Through its subsidiaries, Sahara produces wide range of petrochemicals including propylene, polypropylene, ethylene...
Profile


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 21,083.24
Shares Outstanding ((M)) 733.33
EPS ( Riyal) (TTM) 0.95
Book Value (BV) ( Riyal) (Latest announcement) 21.14
Adjusted P/E (Last12) 42.70
Price/book 1.36
Dividend Yield (%) (Last Year) 6.96
Return on Average Assets (%) (TTM) 3.07
Return on Average Equity (%) (TTM) 4.46
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M) 22,578.78
Ratios


Analyst Estimates :

36.3

Fair Average Price

2

Number of Recommendations

Rating Research firm Current Price Target Price Change
Aggregate U-Capital 30.50 40.60 33.11 %
Neutral Al Rajhi Capital 32.40 32.00 (1.23 %)
Estimates

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.