04/09/2024 Argaam Exclusive
AI Summary
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%.
| Open | 58.30 |
| Low | 58.10 |
| High | 59.10 |
| Previous Close | 58.35 |
| Change (3M) | 8.38 % |
| Change (6M) | (7.03 %) |
| Market Value | 176,550.00 |
| Avg. Volume (3M) | 1,988,482.85 |
| Avg. Turnover (3M) | 113,296,577.89 |
| Avg. Transaction (3M) | 6,182.09 |
| Change(12M) | (18.72 %) |
| YTD | (12.16 %) |
The company made several changes to its capital since its debut, as shown below:
| 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) | 176,550.18 |
| 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 | 1.15 |
| Dividend Yield (%) (Last Year) | 5.78 |
| Return on Average Assets (%) (TTM) | (2.21 ) |
| Return on Average Equity (%) (TTM) | (3.88 ) |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 201,165.65 |
| EV/adj EBITDA | 11.48 |
| EV/Revenues | 1.42 |
Fair Average Price
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 | - | ||
| Overweight | JP Morgan | 78.80 | 90.00 | 14.21 % | |
| Buy | Hermes | 78.80 | 91.00 | 15.48 % | |
| Hold | Arqaam Capital | 78.80 | 90.00 | 14.21 % | |
| Underweight | Bank of America | 79.40 | 74.00 | (6.80 %) | |
| 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 % |
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