SABIC AN closes at highest level since August 2023
SABIC Agri-Nutrients shares rose 1% today, March 29, to SAR 142.80, closing at their highest level since August 2023.
The stock hit its intraday high at SAR 143.40.
| Year High (SAR) | Year Low (SAR) |
| 143.40 | 94.70 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 202.40 | 6.09 |
Accordingly, the stock has added 30% year-to-date (YTD).
Market Data :
| Open | 115.00 |
| Low | 112.60 |
| High | 115.60 |
| Previous Close | 116.40 |
| Change (3M) | (5.48 %) |
| Change (6M) | (19.05 %) |
| Market Value | 55,030.22 |
| Avg. Volume (3M) | 509,129.15 |
| Avg. Turnover (3M) | 62,099,597.86 |
| Avg. Transaction (3M) | 3,965.28 |
| Change(12M) | (7.07 %) |
| YTD | 4.43 % |
The company changed its capital several times since listing:
Adjustments to the capital (M Riyal) :
| Date | Type | Capital (M Riyal) | Change (%) |
| 2020 | Private Offering | 4,760.35 | 14.25% |
| 2015 | Bonus Shares | 4,166.67 | 25.00% |
| 2012 | Bonus Shares | 3,333.33 | 33.33% |
| 2008 | Bonus Shares | 2,500.00 | 25.00% |
| 2001 | Bonus Shares | 2,000.00 | 33.33% |
| 1998 | Bonus Shares | 1,500.00 | 50.00% |
| 1996 | Bonus Shares | 1,000.00 | 100.00% |
| 1993 | Right Issue | 500.00 | 66.67% |
| 1993 | Bonus Shares | 300.00 | 50.00% |
| 1986 | Bonus Shares | 200.00 | 100.00% |
Financial Performance :
Overview :
The company was established in Dammam in 1965 under the name Saudi Arabian Fertilizer Company (SAFCO) with SAR 100 million in capital as a closed joint-stock company, before converting into a public joint-stock company in 1990. It relocated its headquarters to Jubail Industrial City in 1991, rebranded to SABIC Agri-Nutrients Co. in 2020, and moved its head office to Riyadh in 2022.
Activities and Business Segments
The company produces, converts, manufactures, and trades agricultural nutrie...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 55,030.22 |
| Shares Outstanding ((M)) | 476.04 |
| Recurring EPS ( Riyal) (TTM) | 6.36 |
| Book Value (BV) ( Riyal) (Latest announcement) | 42.17 |
| Recurring P/E (TTM) | 18.17 |
| Price/book | 2.74 |
| Dividend Yield (%) (Last Year) | 6.06 |
| Return on Average Assets (%) (TTM) | 11.92 |
| Return on Average Equity (%) (TTM) | 15.47 |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 44,624.28 |
| EV/adj EBITDA | 11.92 |
| EV/ EBITDA | 11.89 |
| EV/Revenues | 3.81 |
Calendar :
-
30 March
Cash Dividend Distribution
- -
30 July
Ex-dividend Date
- -
10 August
Cash Dividend Distribution
-
Analyst Estimates :
144
Fair Average Price
3
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Under Review | U-Capital | 135.50 | - | ||
| Hold | FAB Securities | 129.80 | 138.00 | 6.32 % | |
| Buy | Riyad Capital | 120.90 | 150.00 | 24.07 % |
Call Request
Comments Analysis: