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SABIC closes at lowest since 2020
29/05/2024
Argaam Exclusive
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Shares of Saudi Basic Industries Corp. (SABIC) fell today, May 29, to their lowest level since May 2020 at SAR 74.90.
The stock closed 1% up at SAR 75.50 after about 2.2 million shares changed hands.
| Year High (SAR) | Year Low (SAR) |
| 91.00 | 74.90 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 252.27 | 7.42 |
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) | 1,717,991.02 |
| Avg. Turnover (3M) | 103,270,539.44 |
| Avg. Transaction (3M) | 5,985.11 |
| Change(12M) | (16.26 %) |
| YTD | (8.88 %) |
The company has changed its capital several times since listing in 1984, as shown in the table 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 :
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 :
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01 August
Conferences
- -
01 August
Conferences
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03 September
Ex-dividend Date
- -
24 September
Cash Dividend Distribution
- -
04 November
Conferences
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11 February
Ex-dividend Date
-
Analyst Estimates :
87.14
Fair Average Price
16
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| 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 % | |
| Overweight | JP Morgan | 84.50 | 90.00 | 6.51 % | |
| Overweight | Morgan Stanley International | 86.10 | 100.00 | 16.14 % | |
| Overweight | JP Morgan | 83.00 | 90.00 | 8.43 % | |
| Buy | FAB Securities | 78.10 | 90.00 | 15.24 % | |
| Hold | HSBC | 77.00 | 74.00 | (3.90 %) | |
| Buy | Goldman Sachs | 77.90 | 94.90 | 21.82 % | |
| Overweight | SNB Capital | 78.20 | 94.10 | 20.33 % |
Call Request
Comments Analysis: