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SABIC shares record lowest price since 2020
04/09/2024
Argaam Exclusive
AI Summary
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Shares of Tadawul-listed Saudi Basic Industries Corp. (SABIC) hit today, Sept. 4, the lowest price since 2020 at SAR 73.10.
The stock is currently down 3%, with around one million shares traded, so far.
| Year High (SAR) | Year Low (SAR) |
| 90.40 | 73.10 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 252.27 | 7.42 |
Accordingly, the year-to-date (YTD) losses increased to more than 10%.
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 made several changes to its capital since its debut, as shown 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 :
-
24 September
Cash Dividend Distribution
- -
04 November
Conferences
- -
11 February
Ex-dividend Date
- -
04 March
Cash Dividend Distribution
- -
09 April
General Assembly
- -
04 May
Conferences
-
Analyst Estimates :
84.76
Fair Average Price
14
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Overweight | SNB Capital | 75.50 | 87.30 | 15.63 % | |
| Underweight | AlphaMena | 74.60 | 75.80 | 1.61 % | |
| Buy | FAB Securities | 74.50 | 90.00 | 20.81 % | |
| Hold | HSBC | 74.50 | 72.00 | (3.36 %) | |
| Buy | Goldman Sachs | 75.30 | 89.40 | 18.73 % | |
| Neutral | Riyad Capital | 76.10 | 80.00 | 5.12 % | |
| Hold | U-Capital | 79.40 | - | ||
| Underweight | Bank of America | 79.40 | 74.00 | (6.80 %) | |
| Hold | Arqaam Capital | 78.80 | 90.00 | 14.21 % | |
| Buy | 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 % |
Call Request
Comments Analysis: