SABIC stock ends at 3-month high

01/08/2024 Argaam Exclusive

Shares of Saudi Basic Industries Corp. (SABIC) climbed by 1% today, Aug. 1, to SAR 79.40, recording their highest close since May.

 

The stock hit an intraday high of SAR 83.40.

Year High (SAR) Year Low (SAR)
91.00 73.40
Highest Since Debut (SAR) Lowest Since Debut (SAR)
252.27 7.42

The company increased its capital several times as shown below:

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 %)

Today, SABIC announced an 85% year-on-year surge in its Q2 2024 bottom line to SAR 2.2 billion.

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 :

85.28

Fair Average Price

18

Number of Recommendations

Rating Research firm Current Price Target Price Change
Underweight Bank of America 79.40 74.00 (6.80 %)
Hold Arqaam Capital 78.80 90.00 14.21 %
Buy Hermes 78.80 91.00 15.48 %
Overweight JP Morgan 78.80 90.00 14.21 %
Overweight Morgan Stanley International 79.00 93.00 17.72 %
Underweight AlphaMena 73.50 74.60 1.50 %
Buy Goldman Sachs 76.20 94.80 24.41 %
Buy Hermes 76.00 91.00 19.74 %
Underweight AlphaMena 76.00 75.30 (0.92 %)
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 %

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