1 Top Management; 2 Top shareholders; 3 Peer Comparison & Ranking of 2010; 4 Currency Synopsis: Saudi Riyal (SAR)

Top Management

Top Management

NameDesignation
Yousef Abdullah Al-BenyanChief Executive Officer, Vice Chairman
Abdulaziz Saleh AljarbouChairman
Khalid Hashim Al-DabbaghNon-Executive Chairman



Top shareholders
Top 4 shareholders

Name of the Share HolderNumber Of Shares% of Capital
Aramco Chemicals Co LLC210000000070.0
Abdullah bin Mohammed Ibrahim Al Issa3000000.01
Yousef bin Abdullah Mohamed Al Benyan450000.002
Anas bin Yousef bin Yacoub Kentab150000.001
% held by Top 4 shareholders 70.0%


Peer Comparison & Ranking of 2010
BUYSELLSIGNALS FUNDAMENTALS VALUATION RANKING:
Saudi Basic Industries vs Saudi Market

Out of 274 stocks in the Saudi Arabian Market, Saudi Basic Industries is ranked fourth(4) by ROE, fifth(5) by Net Profit $, fifth(5) by Market Cap in $ and fifth(5) by Revenue.

Saudi Avg20102010 Rank
ROE (%)21.252.44
Net Profit $765.6 M4.4 B5
Market Cap $10.2 B59.8 B5
Revenue $4.6 B13 B5
Premium to 52-Wk Low (%)1.81.822
Yield (%)5.14.525
EBITDA Margin%30.237.99652
ROA (%)6.45.3108
P/Sales2.4x4.6x137
Discount to 52-Wk High (%)13.715.96156
Price/Net Tangible Assets2.3x7.1x183
Negative values are shown in brackets.
Stock in Index and Stock in Sector

Description2010All Share Index (TASI)% of All Share Index (TASI)Petrochemical industries sector% of Petrochemical industries sector
Net Profit $4.4 B197.7 B2.26.3 B70.1
Revenue $13 B1,168 B1.138.2 B34.0
Total Assets $83.5 B2,953.1 B2.8138.2 B60.4
MCap $59.8 B2,426.9 B2.5101.2 B59.1

Relative Valuation Indicators: Stock vs Index and Stock vs Sector

Description2010All Share Index (TASI) Avg.Petrochemical industries sector Avg.
Yield (%)4.555.714.29
Price/Net Tangible Assets7.112.023.11

GLOBAL RANK [out of 47,031 stocks] AND RANK OF SAUDI BASIC INDUSTRIES IN THE MIDDLE EAST & AFRICA REGION [out of 1,907 stocks]

DescriptionValueGlobal RankIn MEA Region
MCap ($)59.8B3127
Total Assets ($)83.5B67729
Revenue ($)13B1,17919
Net Profit ($)4.4B32317
Return on Equity %52.462130
Net Profit Margin %34.03,222368
Price to Book7.032,8631,349
Yield %4.66,070496
PV1000 (1Year) $*91624,7241,022
$* Change (1Year) %-13.725,6261,057

* 1 year ago $1 = SAR 3.75
Jun 23, 2024: $ 1 equals SAR 3.75

RANK OF SAUDI BASIC INDUSTRIES IN THE ALL SHARE INDEX (TASI) [out of 166 stocks], IN THE SAUDI MARKET [out of 282 stocks] AND IN THE PETROCHEMICAL INDUSTRIES SECTOR [out of 12 stocks]

DescriptionValueIn All Share Index (TASI)In Saudi MarketIn Petrochemical industries sector
MCap (SAR)224.4B351
Total Assets (SAR)313.1B991
Revenue (SAR)48.7B551
Net Profit (SAR)16.5B551
Return on Equity %52.4341
Net Profit Margin %34.043524
Price to Book7.113118810
Yield %4.518285
PV1000 (1Year) SAR9161051332

LONG-TERM FUNDAMENTAL RANKING: 3 OUT OF 5 [5 is best]
Saudi Basic Industries is ranked number 1 out of 12 listed petrochemical industries companies in the Saudi Arabia with a market capitalization of SAR224.4 billion ($59.8 billion).
Within its sector it has a relatively high Price/Sales of 4.6.

Stocks are scored on a set of parameters reflecting fundamental analytical tools involving valuation, size and financial performance. They are ranked according to the average values of those parameters. The highest ranking is 5 and the lowest ranking is 1.


Currency Synopsis: Saudi Riyal (SAR)
% Change of SAR vs Currency Basket Period-Based

LastCountry1-day %1-week %1-Year %3-Yrs %
SAR1=0.267USDUnited States Of America0.0---
SAR1=1.936CNYChina--0.912.8
SAR1=42.397JPYJapan0.5-12.044.3
SAR1=0.249EUREuropean Union0.2-1.811.2
SAR1=370.205KRWSouth Korea0.3-7.422.9
SAR1=0.361SGDSingapore0.1-0.70.9
SAR1=0.435NZDNew Zealand0.1-0.814.1
SAR1=0.211GBPUnited Kingdom0.4-0.99.8
SAR1=0.4AUDAustralia0.1-1.713.2
SAR1=2.081HKDHong Kong---0.30.5
SAR1=0.238CHFSwitzerland0.9--0.7-2.9
SAR1=0.365CADCanada-0.2-3.410.6
SAR1=2.795SEKSweden0.3--2.922.2
SAR1=2.809NOKNorway-0.4--1.922.7
SAR1=4.886MXNMexico-0.7-6.3-10.2

1 Dividend; 2 Financials as Reported Q1 2024, Past 10 Years

Dividend
Dividend History
In the past 5 years annual dividends have decreased by SAR1.0 from SAR4.4 to SAR3.4. Based on a start date of 5 years ago, there has been two increases in dividends over the last 5 years.

DateValue (SAR)Type
13 Feb 20241.6Cash
13 Sep 20231.8Cash
Tr 12 Months3.4
2022 - 20234.25
2021 - 20224
2020 - 20213
2019 - 20204.4


Financials as Reported Q1 2024, Past 10 Years
Financials as reported (Q1/2024)

RESULTS OF OPERATIONS AND FINANCIAL CONDITION
(In SAR Thousand, except per share data and shares outstanding)

INCOME STATEMENT AS REPORTED (Q1/2024)

DescriptionSAR ThousandSAR Thousand
Mar 3120242023Change %
Revenue32,685,82336,432,362Down 10.3
Cost of sales-26,823,460-30,587,110Improved 12.3
Gross profit5,862,3635,845,252Up 0.3
Genera ancf administrative expenses-2,363,164-2,161,883Deterioration 9.3
Research and development expenses-505,344-448,621Deterioration 12.6
Selling anddistribution expenses-1,861,115-2,037,911Improved 8.7
Results from integral Joint ventures227,711296,293Down 23.1
Other operating income354,228331,939Up 6.7
Other operating expenses-504,238-64,880Deterioration 677.2
Income from operations1,210,4411,760,189Down 31.2
Results from associates and non-integral joint ventures172,764-26,657Recovery
Finance income673,934681,255Down 1.1
finance cost-660,139-645,578Deterioration 2.3
Income before zakat and income tax1,397,0001,769,209Down 21.0
Zakatexpense-331,749-478,382Improved 30.7
Income tax benefit (expense)16,499-218,061Recovery
Net income from continuing operations1,081,7501,072,766Up 0.8
Net loss from discontinued operation-386,663-136,948Deterioration 182.3
Net income695,087935,810Down 25.7
Net income from continuing operations
Attributable to:
Equity holders of the Parent632,885793,855Down 20.3
Non-controlling interests448,865278,911Up 60.9
1,081,7501,072,766Up 0.8
Net income
Attributable to:
Equity holders of the Parent246,222656,907Down 62.5
Non-controlling interests448,865278,911Up 60.9
695,087935,818Down 25.7
Basic and diluted earnings per share from net income
attributable to equity hoidersnf the Parent (Saudi Riyals)
Net income from continuing operations21.0 hallalah26.0 hallalahDown 19.2
Net income8.0 hallalah22.0 hallalahDown 63.6

BALANCE SHEET AS REPORTED (Q1/2024)

DescriptionSAR ThousandSAR Thousand
Mar 31, 2024Dec 31, 2023Change %
Assets
Non-current assets
Property plant and equipment114,134,455115,122,579Down 0.9
Right-of-use assets5,391,1165,578,572Down 3.4
Intangible assets19,575,38219,763,009Down 0.9
Investments in associates and joint ventures40,425,36741,237,301Down 2.0
Investments in debt and equity instruments564,521568,943Down 0.8
Deferred tax assets1,849,3641,749,286Up 5.7
Derivative financial instruments4,058,6813,745,176Up 8.4
Other assets and receivables6,419,1516,011,266Up 6.8
Total non-currentassets192,418,037193,776,132Down 0.7
Current assets
Inventories18,762,50018,332,223Up 2.3
Trade receivables20,661,26219,295,374Up 7.1
Other assets and receivables5,105,7295,295,155Down 3.6
Short-term investments11,047,2379,842,617Up 12.2
Cash and cash equivalents27,206,14932,414,996Down 16.1
82,782,87785,180,365Down 2.8
Assets he id for sale14,134,07515,423,954Down 8.4
Total current assets96,916,952100,604,319Down 3.7
Total assets289,334,989294,380,451Down 1.7
Equity and liabilities
Equity
Equity attributable to equity holders of the Parent166,957,747167,428,614Down 0.3
Non-controlling interests28,058,39127,853,926Up 0.7
Total equity195,016,138195,282,540Down 0.1
Non-current liabilities
Debt and lease liabilities29,186,84527,877,638Up 4.7
Employee benefits12,558,23412,894,392Down 2.6
Deferred tax liabilities734,187814,942Down 9.9
Derivative financial instruments2,131,1442,011,144Up 6.0
Provisions and other liabilities2,673,7332,699,429Down 1.0
Total non-current liabilities47,284,14346,297,545Up 2.1
Current liabilities
Short-term borrowings current portion of debt and
current portion of lease liabilities6,043,2835,619,129Up 7.5
Trade payables provisions and other liabilities35,761,69241,480,347Down 13.8
41,804,97547,099,476Down 11.2
Liabilities directly associated with assets held for sale5,229,7335,700,890Down 8.3
Total current liabilities47,034,70852,800,366Down 10.9
Total liabilities94,318,85199,097,911Down 4.8
Total equity and liabilities289,334,989294,380,451Down 1.7

CASH FLOW AS REPORTED (Q1/2024)

DescriptionSAR ThousandSAR Thousand
Mar 3120242023Change %
Operating activities
Income (loss) before zakat and income tax
from continuing operations1,397,0001,769,209Down 21.0
from discontinued operation (refer Note 4)-349,128-104,756Deterioration 233.3
Adjustment to reconcile income (loss} before zakat arid income tax to net cash from operating activities;
Depreciation amortisation and impairment3,300,3663,516,804Down 6.2
Fairvalue re-measurement on assets held for sale (refer Note 4}365,588
Results of associates and non-integral joint ventures-172,76426,657Deterioration
Finance income-685,654-667,713Deterioration 2.7
Finance costs706,284684,357Up 3.2
Other movements net3,66232,453Down 88.7
Change in operating assets and liabilities:
Changes in inventories trade receivables and payables-1,626,2851,496,320Deterioration
(Decrease) increase in employee benefits-50,72169,465Deterioration
Other assets and liabilities changes-466,31210,620Deterioration
2,422,0366,813,916Down 64.5
interest received318,957415,422Down 23.2
Interest paid-357,281-186,987Deterioration 91.1
Zakat and income tax paid-166,359-147,784Deterioration 12.6
Net cash from operating activities2,217,3536,894,567Down 67.8
Investing activities
Purchase of property plant and equipment and intangible assets-2,562,873-3,160,849Improved 18.9
Investments in non-integral associates and joint ventures-242,534-11,033Deterioration 2,098.3
Dividend received from non-integral associates and non-integral joint ventures269,790755,521Down 64.3
Short-term investments net-1,080,6743,624,580Deterioration
Other assets movements32,424-13,444Recovery
Net cash (used in) from in investing activities-3,583,8671,194,775Deterioration
Financing activities
Proceeds from debt2,130,816
Debt and lease repayments-666,504-662,922Deterioration 0.5
Dividends paid to shareholders-4,765,381-25,227Deterioration 18,790.0
Dividends paid to non-controlling interests-1,239,014-519,518Deterioration 138.5
Net cash used in financing activities-4,540,083-1,207,667Deterioration 275.9
(Decrease) increase in cash and cash equivalents-5,906,5976,881,675Deterioration
Net foreign exchange (loss) gain on cash and cash equivalents-28,5851,187Deterioration
Cash and cash equivalents at the beginning of the period33,795,37540,039,135Down 15.6
Cash and cash equivalents at the end of the period27,860,19346,921,997Down 40.6

Download SAUDI BASIC INDUSTRIES Financials Past 10 Years


Description (December 31)20222021202020192018
Income Statement
Sales (B)48.756.8116.933.960.1
Other Revenue (B)65.7(1.6)2.5
Tax (B)22(2)2.12.6
Net profit 16.5 B23.1 B66.8 M5.6 B21.5 B
Balance Sheet
Total Assets (B)313.1318.4295.5310.4319.7
Current Asset (B)148.5149.681.4118.3137
Fixed Asset (B)126.8131136.2170.1163.8
Working Capital (B)100.3100.243.980.999.8
Cash Flow
Operating Cash Flow (B)35.739.222.135.644.7
Investing Cash Flow (B)(12.6)(8.9)(14)(13.7)(29.6)
Financing Cash Flow (B)(25.4)(17.8)(14.5)(26.3)(31.7)
Net Cash Flow (B)(2.3)12.5(6.3)(4.5)(16.6)

Description (December 31)20172016201520142013
Income Statement
Sales (B)52.943.9150.6190.4190.7
Other Revenue (B)32.52.31.6
Tax (B)2.632.12.12.3
Net profit (B)18.417.818.823.325.3
Balance Sheet
Equity Share Capital (B)163161.9162.5156.3
Total Assets (B)322.5316.9328.2340339.1
Current Asset (B)135.892.4103.1102.4
Fixed Asset (B)167.4170173.2167165.4
Working Capital (B)87.549.859.657.9
Cash Flow
Operating Cash Flow (B)38.718.915.1
Investing Cash Flow (B)4.8(4.2)(6.8)
Financing Cash Flow (B)(25.7)(33.4)(26.4)
Net Cash Flow (B)17.7(18.7)(18.1)