SABIC shares record lowest price since 2020

04/09/2024 Argaam Exclusive

Shares of Tadawul-listed Saudi Basic Industries Corp. (SABIC) hit today, Sept. 4, the lowest price since 2020 at SAR 73.10.


The stock is currently down 3%, with around one million shares traded, so far.

Year High (SAR) Year Low (SAR)
90.40 73.10
Highest Since Debut (SAR) Lowest Since Debut (SAR)
252.27 7.42

Accordingly, the year-to-date (YTD) losses increased to more than 10%.

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 made several changes to its capital since its debut, as shown 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 :

84.76

Fair Average Price

14

Number of Recommendations

Rating Research firm Current Price Target Price Change
Overweight SNB Capital 75.50 87.30 15.63 %
Underweight AlphaMena 74.60 75.80 1.61 %
Buy FAB Securities 74.50 90.00 20.81 %
Hold HSBC 74.50 72.00 (3.36 %)
Buy Goldman Sachs 75.30 89.40 18.73 %
Neutral Riyad Capital 76.10 80.00 5.12 %
Hold U-Capital 79.40 -
Overweight JP Morgan 78.80 90.00 14.21 %
Buy Hermes 78.80 91.00 15.48 %
Hold Arqaam Capital 78.80 90.00 14.21 %
Underweight Bank of America 79.40 74.00 (6.80 %)
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 %

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