SABIC stock ends at 3-month high
Shares of Saudi Basic Industries Corp. (SABIC) climbed by 1% today, Aug. 1, to SAR 79.40, recording their highest close since May.
The stock hit an intraday high of SAR 83.40.
| Year High (SAR) | Year Low (SAR) |
| 91.00 | 73.40 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 252.27 | 7.42 |
The company increased its capital several times as shown below:
Market Data :
| Open | 59.75 |
| Low | 59.70 |
| High | 61.00 |
| Previous Close | 59.80 |
| Change (3M) | 9.81 % |
| Change (6M) | 0.25 % |
| Market Value | 183,000.00 |
| Avg. Volume (3M) | 2,114,078.52 |
| Avg. Turnover (3M) | 120,937,063.21 |
| Avg. Transaction (3M) | 6,620.36 |
| Change(12M) | (0.49 %) |
| YTD | 18.91 % |
Today, SABIC announced an 85% year-on-year surge in its Q2 2024 bottom line to SAR 2.2 billion.
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...
Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 183,000.18 |
| Shares Outstanding ((M)) | 3,000.00 |
| EPS ( ) (TTM) | (8.59 ) |
| Book Value (BV) ( Riyal) (Latest announcement) | 42.91 |
| Recurring P/E | Neg |
| Price/book | 1.42 |
| Dividend Yield (%) (Last Year) | 4.92 |
| Return on Average Assets (%) (TTM) | (9.88 ) |
| Return on Average Equity (%) (TTM) | (18.09 ) |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 205,492.44 |
| EV/adj EBITDA | 8.95 |
| EV/Revenues | 1.76 |
Calendar :
-
03 September
Ex-dividend Date
- -
24 September
Cash Dividend Distribution
- -
04 November
Conferences
- -
11 February
Ex-dividend Date
- -
04 March
Cash Dividend Distribution
- -
09 April
General Assembly
-
Analyst Estimates :
85.28
Fair Average Price
18
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Underweight | Bank of America | 79.40 | 74.00 | (6.80 %) | |
| Hold | Arqaam Capital | 78.80 | 90.00 | 14.21 % | |
| Buy | EFG-Hermes | 78.80 | 91.00 | 15.48 % | |
| Overweight | JP Morgan | 78.80 | 90.00 | 14.21 % | |
| 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 % | |
| Buy | EFG-Hermes | 76.00 | 91.00 | 19.74 % | |
| Underweight | AlphaMena | 76.00 | 75.30 | (0.92 %) | |
| 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 | EFG-Hermes | 82.50 | 96.00 | 16.36 % | |
| Hold | U-Capital | 83.80 | 91.20 | 8.83 % |
Call Request
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