SABIC tumbles to lowest close since May 2009

22/07/2025 Argaam Exclusive

Saudi Basic Industries Corp. (SABIC) recorded a 2% drop today, July 22, closing at the lowest price since May 2009, at SAR 53.50.

 

The stock logged an intraday low of SAR 53.

Year High (SAR) Year Low (SAR)
83.40 53.00
Highest Since Debut (SAR) Lowest Since Debut (SAR)
252.27 7.42

With today’s decline, its year-to-date losses have reached approximately 20%.

Market Data :

Open 59.20
Low 58.50
High 59.20
Previous Close 59.20
Change (3M) (0.42 %)
Change (6M) (10.12 %)
Market Value 177,150.00
Avg. Volume (3M) 1,954,957.87
Avg. Turnover (3M) 109,026,682.40
Avg. Transaction (3M) 6,521.84
Change(12M) (20.42 %)
YTD (11.87 %)

The company has made several changes to its capital since listing on the Main Market (TASI).

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) 177,150.18
Shares Outstanding ((M)) 3,000.00
EPS ( Riyal) (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) 5.76
Return on Average Assets (%) (TTM) (2.21 )
Return on Average Equity (%) (TTM) (3.88 )
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M Riyal) 201,765.65
EV/adj EBITDA 11.52
EV/Revenues 1.42


Analyst Estimates :

64.58

Fair Average Price

14

Number of Recommendations

Rating Research firm Current Price Target Price Change
Hold SADIF 54.80 55.57 1.41 %
Neutral Citi Bank Group 58.80 60.00 2.04 %
Underweight AlphaMena 58.50 53.70 (8.21 %)
Buy YAQEEN 56.40 65.80 16.67 %
Hold HSBC 60.50 58.00 (4.13 %)
Neutral SNB Capital 58.70 64.50 9.88 %
Buy FAB Securities 58.00 75.00 29.31 %
Buy Goldman Sachs 59.20 70.00 18.24 %
Neutral Riyad Capital 60.00 65.00 8.33 %
Hold Arqaam Capital 60.00 70.00 16.67 %
Under Review U-Capital 59.60 -
Neutral JP Morgan 60.10 57.00 (5.16 %)
Buy Hermes 59.60 78.00 30.87 %
Neutral Morgan Stanley International 61.70 67.00 8.59 %

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