SABIC closes at lowest since 2020

29/05/2024 Argaam Exclusive

Shares of Saudi Basic Industries Corp. (SABIC) fell today, May 29, to their lowest level since May 2020 at SAR 74.90.

 

The stock closed 1% up at SAR 75.50 after about 2.2 million shares changed hands.
Year High (SAR) Year Low (SAR)
91.00 74.90
Highest Since Debut (SAR) Lowest Since Debut (SAR)
252.27 7.42

Market Data :

Open 70.00
Low 69.00
High 70.10
Previous Close 69.90
Change (3M) (8.61 %)
Change (6M) (10.16 %)
Market Value 207,000.00
Avg. Volume (3M) 1,784,090.66
Avg. Turnover (3M) 130,928,412.51
Avg. Transaction (3M) 7,562.68
Change(12M) (14.71 %)
YTD (17.37 %)

The company has changed its capital several times since listing in 1984, as shown in the table below:

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2008 Split   30,000.00 20.00%
2006 Split   25,000.00 25.00%
2005 Split   20,000.00 33.33%
2001 Split   15,000.00 12.50%
2000 Split   13,333.00 33.33%
1990 Split   10,000.00 33.33%
1989 Split   7,500.00 50.00%

Financial Performance :

Overview :

SABIC was set up in September 1977 as a Saudi joint stock company in Riyadh, The company is the largest basic petrochemicals producer in the Middle East, and one of the largest fertilizers and chemicals producers and exporters worldwide. SABIC also spearheads steel producers in the GCC region.  The group is a diversified manufacturer of chemicals and intermediates; industrial polymers; fertilizers and metals fields in more than 40 countries. The group produces ethylene, propylene, butadie...


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 207,000.00
Shares Outstanding ((M)) 3,000.00
EPS ( Riyal) (TTM) 0.57
Book Value (BV) ( Riyal) (Latest announcement) 55.16
Adjusted P/E (Last12) 54.75
Price/book 1.25
Dividend Yield (%) (Last Year) 4.93
Return on Average Assets (%) (TTM) 0.59
Return on Average Equity (%) (TTM) 1.00
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M) 235,018.89


Analyst Estimates :

87.14

Fair Average Price

16

Number of Recommendations

Rating Research firm Current Price Target Price Change
Buy Goldman Sachs 76.20 94.80 24.41 %
Hold HSBC 76.30 74.00 (3.01 %)
Underweight Bank of America 80.90 75.00 (7.29 %)
Underweight AlphaMena 79.80 75.10 (5.89 %)
Overweight AlJazira Capital 81.40 94.10 15.60 %
Underweight AlphaMena 80.00 81.10 1.38 %
Neutral Riyad Capital 81.90 80.00 (2.32 %)
Buy Hermes 82.50 96.00 16.36 %
Hold U-Capital 83.80 91.20 8.83 %
Overweight JP Morgan 84.50 90.00 6.51 %
Overweight Morgan Stanley International 86.10 100.00 16.14 %
Overweight JP Morgan 83.00 90.00 8.43 %
Buy FAB Securities 78.10 90.00 15.24 %
Hold HSBC 77.00 74.00 (3.90 %)
Buy Goldman Sachs 77.90 94.90 21.82 %
Overweight SNB Capital 78.20 94.10 20.33 %

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