BCI closes at 3-year low

19/10/2023 Argaam Exclusive

Shares of Basic Chemical Industries Co. (BCI) fell 1% today, Oct. 19, to end at the lowest level in three years at SAR 30.35 apiece, as about 54,000 shares changed hands.

Year High (SAR) Year Low (SAR)
40.50 30.35
Highest Since Debut (SAR) Lowest Since Debut (SAR)
96.00 14.44

This brought the stock’s 12-month losses to 18%, while losses since the start of October stood at almost 10%.

Market Data :

Open 24.21
Low 23.81
High 24.21
Previous Close 24.06
Change (3M) (6.72 %)
Change (6M) (8.42 %)
Market Value 664.40
Avg. Volume (3M) 23,345.58
Avg. Turnover (3M) 587,231.13
Avg. Transaction (3M) 266.03
Change(12M) (17.26 %)
YTD (5.55 %)

The company amended its capital after its debut on the Saudi Exchange (Tadawul) through the distribution of bonus shares, as shown in the table below:

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2009 Split   275.00 25.00%
2008 IPO   220.00 0.00%

Financial Performance :

Overview :

The company was established in 1973 as a limited partnership under the name of Muhanna Al Moaibed and Darwish Al Darwish Company, and operated under the commercial name “Basic Chemical Industries Company”, with capital of SAR 16 million. In 1977, it was converted into a limited liability company and rebranded to Chemical Industries Company Ltd. In 2003, the company achieved the ISO 9001:2000 certification. In 2005, the firm commenced operations of the largest membrane electrolysis-ba...


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 664.40
Shares Outstanding ((M)) 27.50
EPS ( Riyal) (TTM) 0.63
Book Value (BV) ( Riyal) (Latest announcement) 21.46
Recurring P/E 38.25
Price/book 1.13
Dividend Yield (%) (Last Year) 4.14
Return on Average Assets (%) (TTM) 1.42
Return on Average Equity (%) (TTM) 2.92
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M Riyal) 1,065.24
EV/adj EBITDA 10.45
EV/Revenues 1.46


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