01/08/2024 Argaam Exclusive
AI Summary
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:
| Open | 52.60 |
| Low | 51.75 |
| High | 52.80 |
| Previous Close | 52.60 |
| Change (3M) | (11.93 %) |
| Change (6M) | (5.42 %) |
| Market Value | 157,200.00 |
| Avg. Volume (3M) | 1,422,079.16 |
| Avg. Turnover (3M) | 83,833,883.34 |
| Avg. Transaction (3M) | 5,314.05 |
| Change(12M) | (22.71 %) |
| YTD | (21.79 %) |
Today, SABIC announced an 85% year-on-year surge in its Q2 2024 bottom line to SAR 2.2 billion.
| 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 Ratio | Current |
| Market Cap (M Riyal) | 157,200.16 |
| Shares Outstanding ((M)) | 3,000.00 |
| EPS ( ) (TTM) | (2.25 ) |
| Book Value (BV) ( Riyal) (Latest announcement) | 49.80 |
| Recurring P/E | More than 100 |
| Price/book | 1.05 |
| Dividend Yield (%) (Last Year) | 6.49 |
| Return on Average Assets (%) (TTM) | (2.47 ) |
| Return on Average Equity (%) (TTM) | (4.28 ) |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 183,095.66 |
| EV/adj EBITDA | 10.67 |
| EV/Revenues | 1.32 |
Fair Average Price
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 % |
Be the first to comment
Comments Analysis: