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SABIC tumbles to lowest close since May 2009
22/07/2025
Argaam Exclusive
AI Summary
Content Summary:
AI Summary
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Please note that this news summary has been generated using artificial intelligence. It is recommended to review the original
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Saudi Basic Industries Corp. (SABIC) recorded a 2% drop today, July 22, closing at the lowest price since May 2009, at SAR 53.50.
The stock logged an intraday low of SAR 53.
| Year High (SAR) | Year Low (SAR) |
| 83.40 | 53.00 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 252.27 | 7.42 |
With today’s decline, its year-to-date losses have reached approximately 20%.
Market Data :
| Open | 60.90 |
| Low | 60.75 |
| High | 61.20 |
| Previous Close | 61.00 |
| Change (3M) | 10.40 % |
| Change (6M) | 0.08 % |
| Market Value | 183,150.00 |
| Avg. Volume (3M) | 1,713,429.57 |
| Avg. Turnover (3M) | 102,877,685.55 |
| Avg. Transaction (3M) | 5,973.80 |
| Change(12M) | (16.26 %) |
| YTD | (8.88 %) |
The company has made several changes to its capital since listing on the Main Market (TASI).
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 :
Established in 1976 as a closed joint-stock company with an initial capital of SAR 5 billion, Saudi Basic Industries Corporation (SABIC) commenced its industrial operations through its subsidiaries in 1983. Subsequently, in 1984, it was transitioned to a public joint-stock company. By 2005, SABIC achieved significant growth, solidifying its position as the eleventh largest company globally. In 2012, the company established SABIC Academy to foster professional development.
In 2020, marking a sig...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 183,150.18 |
| Shares Outstanding ((M)) | 3,000.00 |
| EPS ( ) (TTM) | (2.06 ) |
| Book Value (BV) ( Riyal) (Latest announcement) | 51.29 |
| Recurring P/E | More than 100 |
| Price/book | 1.19 |
| Dividend Yield (%) (Last Year) | 5.57 |
| Return on Average Assets (%) (TTM) | (2.21 ) |
| Return on Average Equity (%) (TTM) | (3.88 ) |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 207,765.65 |
| EV/adj EBITDA | 11.86 |
| EV/Revenues | 1.47 |
Calendar :
-
03 August
Conferences
- -
19 August
Ex-dividend Date
- -
09 September
Cash Dividend Distribution
- -
02 November
Conferences
-
Analyst Estimates :
64.58
Fair Average Price
14
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Hold | SADIF | 54.80 | 55.57 | 1.41 % | |
| Neutral | Citi Bank Group | 58.80 | 60.00 | 2.04 % | |
| Underweight | AlphaMena | 58.50 | 53.70 | (8.21 %) | |
| Buy | YAQEEN | 56.40 | 65.80 | 16.67 % | |
| Hold | HSBC | 60.50 | 58.00 | (4.13 %) | |
| Neutral | SNB Capital | 58.70 | 64.50 | 9.88 % | |
| Buy | FAB Securities | 58.00 | 75.00 | 29.31 % | |
| Buy | Goldman Sachs | 59.20 | 70.00 | 18.24 % | |
| Neutral | Riyad Capital | 60.00 | 65.00 | 8.33 % | |
| Hold | Arqaam Capital | 60.00 | 70.00 | 16.67 % | |
| Under Review | U-Capital | 59.60 | - | ||
| Neutral | JP Morgan | 60.10 | 57.00 | (5.16 %) | |
| Buy | Hermes | 59.60 | 78.00 | 30.87 % | |
| Neutral | Morgan Stanley International | 61.70 | 67.00 | 8.59 % |
Call Request
Comments Analysis: