1 Top Management and Board of Directors; 2 Top shareholders; 3 Peer Comparison & Ranking of 2010; 4 Currency Synopsis: Saudi Riyal (SAR)
Top Management and Board of Directors
Top Management
Top Management
| Name | Designation | | Yousef Abdullah Al-Benyan | Chief Executive Officer, Vice Chairman | | Abdulaziz Saleh Aljarbou | Chairman | | Khalid Hashim Al-Dabbagh | Non-Executive Chairman |
Board Of Directors
Board Of Directors
| Name | Designation | | Mohammed Talal Alnahas | Director | | Khaled Homza A. Nahas | Director | | Khaled Nahas | Director | | Abdullah Mohammed Alissa | Director | | Abdullah M Al-Issa | Director | | Nader Ibrahim Alwehibi | Director | | Roberto Gualdoni | Director | | Fahad Abdullah Almubarak | Director | | Olivier Gerard Thorel | Non-Executive Director | | Ziad Thamer Al-Murshed | Non-Executive Director | | Mohammed Yahya Al - Qahtani | Non-Executive Director | | Yousef Abdurahman Al - Zamel | Non-Executive Independent Director | | Nader Ibrahim Al-Wehibi | Non-Executive Independent Director |
Top shareholders
Top 4 shareholders
| Name of the Share Holder | Number Of Shares | % of Capital | | Aramco Chemicals Co LLC | 2100000000 | 70.0 | | Abdullah bin Mohammed Ibrahim Al Issa | 300000 | 0.01 | | Yousef bin Abdullah Mohamed Al Benyan | 45000 | 0.002 | | Anas bin Yousef bin Yacoub Kentab | 15000 | 0.001 |
% held by Top 4 shareholders 70.0%
Peer Comparison & Ranking of 2010
BUYSELLSIGNALS FUNDAMENTALS VALUATION RANKING:
Saudi Basic Industries vs Saudi Market
Out of 266 stocks in the Saudi Arabian Market, Saudi Basic Industries is ranked third(3) by ROE, fourth(4) by Net Profit $, fourth(4) by Market Cap in $ and sixth(6) by Revenue.
| Saudi Avg | 2010 | 2010 Rank | | ROE (%) | 15.98 | 52.4 | 3 | | Net Profit $ | 939.1 M | 4.4 B | 4 | | Market Cap $ | 11.8 B | 66.2 B | 4 | | Revenue $ | 5.7 B | 13 B | 6 | | Yield (%) | 3.4 | 4.6 | 24 | | P/Sales | 2.6x | 1.4x | 43 | | Premium to 52-Wk Low (%) | 27.98 | 8.96 | 45 | | EBITDA Margin% | 28.6 | 37.996 | 48 | | P/Earnings | 15.4x | 21.4x | 62 | | ROA (%) | 6.9 | 5.3 | 77 | | Discount to 52-Wk High (%) | 2.7 | 11.4 | 159 | | Price/Net Tangible Assets | 2.6x | 7.9x | 172 |
Negative values are shown in brackets.
Stock in Index and Stock in Sector
| Description | 2010 | All Share Index (TASI) | % of All Share Index (TASI) | Petrochemical industries sector | % of Petrochemical industries sector | | Net Profit $ | 4.4 B | 196.9 B | 2.2 | 8 B | 55.2 | | Revenue $ | 13 B | 1,202 B | 1.1 | 42.9 B | 30.2 | | Total Assets $ | 83.5 B | 2,872.8 B | 2.9 | 138.9 B | 60.1 | | MCap $ | 66.2 B | 2,831.5 B | 2.3 | 117.1 B | 56.5 |
Relative Valuation Indicators: Stock vs Index and Stock vs Sector
| Description | 2010 | All Share Index (TASI) Avg. | Petrochemical industries sector Avg. | | Price/Earnings | 21.4 | 14.7 | 17.8 | | Yield (%) | 4.59 | 3.69 | 6.35 | | Price/Net Tangible Assets | 7.86 | 2.36 | 3.36 |
MARKET SHARE
Saudi Basic Industries has a position of market dominance in the Petrochemical Industries sector.
Saudi Basic Industries vs Petrochemical Industries sector [Petrochemical Industries sector Total in Brackets]
Revenue of SAR48.7 billion ($13 billion)[30.2% of aggregate sector revenue of SAR160.9 billion; down from 37.3% in the previous year.]
Net Profit of SAR16.5 billion ($4.4 billion) [55.2% of aggregate sector net profit of SAR30 billion; down from 55.6% in the previous year.]
EBIT of SAR18.5 billion ($4.9 billion) [54.1% of aggregate sector EBIT of SAR34.2 billion; up from 53.5% in the previous year.]
GLOBAL RANK [out of 46,810 stocks] AND RANK OF SAUDI BASIC INDUSTRIES IN THE MIDDLE EAST & AFRICA REGION [out of 1,841 stocks]
| Description | Value | Global Rank | In MEA Region | | MCap ($) | 66.2B | 233 | 9 | | Total Assets ($) | 83.5B | 661 | 26 | | Revenue ($) | 13B | 1,223 | 20 | | Net Profit ($) | 4.4B | 330 | 13 | | Return on Equity % | 52.4 | 722 | 24 | | Net Profit Margin % | 34.0 | 3,251 | 311 | | Price to Book | 7.8 | 32,363 | 1,265 | | Price/Earnings | 21.4 | 14,015 | 744 | | Yield % | 4.6 | 7,183 | 505 | | PV1000 (1Year) $* | 1,015 | 23,019 | 743 | | $* Change (1Year) % | -1.7 | 24,059 | 761 |
* 1 year ago $1 = SAR 3.75
Oct 01, 2023: $ 1 equals SAR 3.75
RANK OF SAUDI BASIC INDUSTRIES IN THE ALL SHARE INDEX (TASI) [out of 167 stocks], IN THE SAUDI MARKET [out of 269 stocks] AND IN THE PETROCHEMICAL INDUSTRIES SECTOR [out of 11 stocks]
| Description | Value | In All Share Index (TASI) | In Saudi Market | In Petrochemical industries sector | | MCap (SAR) | 248.1B | 3 | 4 | 1 | | Total Assets (SAR) | 313.1B | 9 | 9 | 1 | | Revenue (SAR) | 48.7B | 6 | 6 | 2 | | Net Profit (SAR) | 16.5B | 4 | 4 | 1 | | Return on Equity % | 52.4 | 3 | 3 | 1 | | Net Profit Margin % | 34.0 | 36 | 46 | 4 | | Price to Book | 7.9 | 136 | 174 | 11 | | Price/Earnings | 21.4 | 50 | 64 | 5 | | Yield % | 4.6 | 20 | 25 | 5 | | PV1000 (1Year) SAR | 1,015 | 92 | 113 | 3 |
LONG-TERM FUNDAMENTAL RANKING: 4 OUT OF 5 [5 is best]
Saudi Basic Industries is ranked number 1 out of 11 listed petrochemical industries companies in the Saudi Arabia with a market capitalization of SAR248.1 billion ($66.2 billion).
Within its sector it has a relatively moderate P/E of 21.4 and low Price/Sales of 1.4.
The company paid a dividend of SAR3.80 in the last twelve months. The dividend yield is high at 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
| Last | Country | 1-day % | 1-week % | 1-Year % | 3-Yrs % | | SAR1=0.267USD | United States Of America | 0.0 | - | - | - | | SAR1=1.939CNY | China | -0.5 | -0.2 | 1.0 | 6.6 | | SAR1=39.755JPY | Japan | -0.2 | 0.6 | 3.1 | 41.5 | | SAR1=0.252EUR | European Union | -0.8 | 0.6 | -8.7 | 10.0 | | SAR1=359.521KRW | South Korea | -0.6 | 0.9 | -6.3 | 15.1 | | SAR1=0.363SGD | Singapore | -0.7 | -0.2 | -5.5 | -0.9 | | SAR1=0.443NZD | New Zealand | -1.3 | -1.3 | -5.9 | 8.7 | | SAR1=0.218GBP | United Kingdom | -0.9 | 0.3 | -12.0 | 5.0 | | SAR1=0.412AUD | Australia | -1.5 | -0.6 | -0.2 | 8.9 | | SAR1=2.088HKD | Hong Kong | - | 0.1 | -0.3 | 1.0 | | SAR1=0.243CHF | Switzerland | -0.8 | 0.9 | -7.0 | -1.5 | | SAR1=0.359CAD | Canada | -0.3 | - | -1.8 | 0.5 | | SAR1=2.901SEK | Sweden | -1.5 | -2.6 | -3.9 | 19.8 | | SAR1=2.843NOK | Norway | -0.7 | -0.9 | -1.5 | 11.6 | | SAR1=4.652MXN | Mexico | -1.4 | 1.5 | -13.7 | -22.0 |
1 Dividend; 2 Financials as Reported FY 2022, Past 10 Years
Dividend
Dividend History
In the past 5 years annual dividends have decreased by SAR0.6 from SAR4.4 to SAR3.8. Based on a start date of 5 years ago, there has been one increases in dividends over the last 5 years.
| Date | Value (SAR) | Type | | 13 Sep 2023 | 1.8 | Cash | | 14 Mar 2023 | 2 | Cash | | Tr 12 Months | 3.8 | | | 2021 - 2022 | 4.5 | | | 2020 - 2021 | 3.25 | | | 2019 - 2020 | 3.7 | | | 2018 - 2019 | 4.4 | |
Financials as Reported FY 2022, Past 10 Years
Financials as reported (FY 2022 [year-ended 31 December 2022 ])
RESULTS OF OPERATIONS AND FINANCIAL CONDITION
(In SAR Thousand, except per share data and shares outstanding)
INCOME STATEMENT AS REPORTED (FY 2022 [year-ended 31 December 2022 ])
| Description | SAR Thousand | SAR Thousand | | | Dec 31 | 2022 | 2021 | Change % | | Sales | 198,466,764 | 174,883,126 | Up 13.5 | | Sales Cost | 155,794,483 | 123,795,706 | Up 25.8 | | Total Income | 42,672,281 | 51,087,420 | Down 16.5 | | Other Revenues | 5,996,026 | 5,727,508 | Up 4.7 | | Total Revenues | 48,668,307 | 56,814,928 | Down 14.3 | | Admin and Marketing Expenses | 19,935,635 | 21,120,006 | Down 5.6 | | Depreciation | | | | | Other Expenses | 10,240,767 | 10,668,527 | Down 4.0 | | Total Expenses | 30,176,402 | 31,788,533 | Down 5.1 | | Net Income Before Zakat | 18,491,905 | 25,026,395 | Down 26.1 | | Zakat | 1,962,183 | 1,960,393 | Up 0.1 | | Net Income | 16,529,722 | 23,066,002 | Down 28.3 |
BALANCE SHEET AS REPORTED (FY 2022 [year-ended 31 December 2022 ])
| Description | SAR Thousand | SAR Thousand | | | Dec 31 | 2022 | 2021 | Change % | | Current Assets | 78,592,738 | 78,776,802 | Down 0.2 | | Inventory | 28,224,642 | 28,621,278 | Down 1.4 | | Investments | 41,686,763 | 42,187,623 | Down 1.2 | | 148,504,143 | 149,585,703 | Down 0.7 | | Fixed Assets | 126,797,000 | 131,018,714 | Down 3.2 | | Other Assets | 37,804,674 | 37,834,360 | Down 0.1 | | 164,601,674 | 168,853,074 | Down 2.5 | | Total Assets | 313,105,817 | 318,438,777 | Down 1.7 | | Current Liabilities | 48,193,677 | 49,405,025 | Down 2.5 | | 48,193,677 | 49,405,025 | Down 2.5 | | Non-Current Liabilities | 47,294,881 | 57,200,454 | Down 17.3 | | Other Liabilities | | | | | Shareholders Equity | 186,046,298 | 180,140,793 | Up 3.3 | | Total Liabilities and Shareholder Equity | 313,105,817 | 318,438,777 | Down 1.7 | | Minority Interests | 31,570,961 | 31,692,505 | Down 0.4 |
CASH FLOW AS REPORTED (FY 2022 [year-ended 31 December 2022 ])
| Description | SAR Thousand | SAR Thousand | | | Dec 31 | 2022 | 2021 | Change % | | Net Income | 25,988,176 | 34,087,964 | Down 23.8 | | Depreciation | 14,690,656 | 14,905,781 | Down 1.4 | | Accounts Receivable | 2,406,377 | -9,393,946 | Recovery | | Inventory | 396,636 | -9,240,783 | Recovery | | Prepaid Expenses | | -1,523,205 | | | Accounts Payable | -3,611,135 | 8,647,885 | Deterioration | | Other Changes in Oper. Activity | -4,152,640 | 1,708,775 | Deterioration | | 35,718,070 | 39,192,471 | Down 8.9 | | Purchases of Fixed Assets | -10,111,785 | -10,800,388 | Improved 6.4 | | Other Changes in Investing Act. | -2,455,248 | 1,882,664 | Deterioration | | -12,567,033 | -8,917,724 | Deterioration 40.9 | | Increase in Debts | 3,945,868 | 486,242 | Up 711.5 | | Other Changes in Financing Act. | -29,363,816 | -18,309,963 | Deterioration 60.4 | | -25,417,948 | -17,823,721 | Deterioration 42.6 | | Cash at Begining of Period | 42,306,046 | 28,938,469 | Up 46.2 | | Cash at End of Period | 40,039,135 | 41,389,495 | Down 3.3 |
Download SAUDI BASIC INDUSTRIES Financials Past 10 Years
| Description (December 31) | 2022 | 2021 | 2020 | 2019 | 2018 | | Income Statement | | | | | | | Sales (B) | 48.7 | 56.8 | 116.9 | 33.9 | 60.1 | | Other Revenue (B) | 6 | 5.7 | | (1.6) | 2.5 | | Tax (B) | 2 | 2 | (2) | 2.1 | 2.6 | | Net profit | 16.5 B | 23.1 B | 66.8 M | 5.6 B | 21.5 B | | Balance Sheet | | | | | | | Total Assets (B) | 313.1 | 318.4 | 295.5 | 310.4 | 319.7 | | Current Asset (B) | 148.5 | 149.6 | 81.4 | 118.3 | 137 | | Fixed Asset (B) | 126.8 | 131 | 136.2 | 170.1 | 163.8 | | Working Capital (B) | 100.3 | 100.2 | 43.9 | 80.9 | 99.8 | | Cash Flow | | | | | | | Operating Cash Flow (B) | 35.7 | 39.2 | 22.1 | 35.6 | 44.7 | | 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) | 2017 | 2016 | 2015 | 2014 | 2013 | | Income Statement | | | | | | | Sales (B) | 52.9 | 43.9 | 150.6 | 190.4 | 190.7 | | Other Revenue (B) | 3 | | 2.5 | 2.3 | 1.6 | | Tax (B) | 2.6 | 3 | 2.1 | 2.1 | 2.3 | | Net profit (B) | 18.4 | 17.8 | 18.8 | 23.3 | 25.3 | | Balance Sheet | | | | | | | Equity Share Capital (B) | | 163 | 161.9 | 162.5 | 156.3 | | Total Assets (B) | 322.5 | 316.9 | 328.2 | 340 | 339.1 | | Current Asset (B) | 135.8 | | 92.4 | 103.1 | 102.4 | | Fixed Asset (B) | 167.4 | 170 | 173.2 | 167 | 165.4 | | Working Capital (B) | 87.5 | | 49.8 | 59.6 | 57.9 | | Cash Flow | | | | | | | Operating Cash Flow (B) | 38.7 | 18.9 | | | 15.1 | | 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) |
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