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SABIC closes at lowest level since March 2020
18/02/2025
Argaam Exclusive
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Shares of Saudi Basic Industries Corp. (SABIC) closed at their lowest level since March 2020 at SAR 65.60 today, Feb. 18.
The stock shed nearly 1% after about 1.3 million shares were traded.
| Year High (SAR) | Year Low (SAR) |
| 89.00 | 65.50 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 252.27 | 7.42 |
Market Data :
| Open | 61.10 |
| Low | 60.50 |
| High | 61.55 |
| Previous Close | 61.40 |
| Change (3M) | 9.55 % |
| Change (6M) | 4.29 % |
| Market Value | 182,400.00 |
| Avg. Volume (3M) | 2,188,887.79 |
| Avg. Turnover (3M) | 127,315,883.54 |
| Avg. Transaction (3M) | 6,704.77 |
| Change(12M) | 1.16 % |
| YTD | 18.52 % |
The company has adjusted its capital several times since its listing on Tadawul, 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) | 182,400.18 |
| Shares Outstanding ((M)) | 3,000.00 |
| EPS ( ) (TTM) | (8.19 ) |
| Book Value (BV) ( Riyal) (Latest announcement) | 41.32 |
| Recurring P/E | Neg |
| Price/book | 1.47 |
| Dividend Yield (%) (Last Year) | 4.93 |
| Return on Average Assets (%) (TTM) | (9.51 ) |
| Return on Average Equity (%) (TTM) | (17.54 ) |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 201,383.58 |
| EV/adj EBITDA | - |
| EV/Revenues | 1.62 |
Calendar :
-
04 March
Cash Dividend Distribution
- -
09 April
General Assembly
- -
04 May
Conferences
- -
03 August
Conferences
- -
19 August
Ex-dividend Date
- -
09 September
Cash Dividend Distribution
-
Analyst Estimates :
81.57
Fair Average Price
6
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Overweight | AlJazira Capital | 67.20 | 84.00 | 25.00 % | |
| Aggregate | AlphaMena | 68.50 | 88.00 | 28.47 % | |
| Neutral | Citi Bank Group | 68.90 | 73.00 | 5.95 % | |
| Buy | Goldman Sachs | 68.00 | 84.40 | 24.12 % | |
| Hold | HSBC | 69.00 | 70.00 | 1.45 % | |
| Buy | FAB Securities | 70.00 | 90.00 | 28.57 % |
Call Request
Comments Analysis: