ADVANCED PETROCHEMICAL COMPANY |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 39.8 SAR | -1.36% |
|
-1.00% | +1.79% |
| May. 19 | Advanced Petrochemical Company Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| May. 09 | Advanced Petrochemical Swings to Q1 Net Loss; Revenue Down | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 10,694 | 14,504 | 15,240 | 11,050 | 10,107 | 10,430 | - | - |
| Enterprise Value (EV) 1 | 10,659 | 14,455 | 16,060 | 14,008 | 16,273 | 18,034 | 17,500 | 16,502 |
| P/E ratio | 14.1 x | 24.3 x | 18.7 x | 37.4 x | 59.2 x | 43.9 x | 14.5 x | 9.38 x |
| Yield | 5.22% | 3.88% | 3.69% | - | - | - | 4.34% | 5.81% |
| Capitalization / Revenue | 4.12 x | 6.5 x | 4.9 x | 3.75 x | 4.26 x | 3.1 x | 1.88 x | 1.61 x |
| EV / Revenue | 4.11 x | 6.48 x | 5.16 x | 4.75 x | 6.86 x | 5.36 x | 3.15 x | 2.55 x |
| EV / EBITDA | 11.2 x | 17.9 x | 14.8 x | 22.8 x | 36 x | 30.3 x | 11.2 x | 8.29 x |
| EV / FCF | 13.9 x | 26.9 x | -41.3 x | -7.43 x | -5.22 x | -15.5 x | 24.7 x | 12 x |
| FCF Yield | 7.18% | 3.72% | -2.42% | -13.5% | -19.2% | -6.46% | 4.05% | 8.33% |
| Price to Book | 3.19 x | 4.24 x | 4.08 x | 3.41 x | 3.13 x | 2.9 x | 2.55 x | 2.05 x |
| Nbr of stocks (in thousands) | 259,768 | 259,768 | 259,768 | 260,000 | 258,500 | 258,500 | - | - |
| Reference price 2 | 41.17 | 55.83 | 58.67 | 42.50 | 39.10 | 40.35 | 40.35 | 40.35 |
| Announcement Date | 3/1/20 | 1/11/21 | 1/10/22 | 3/1/23 | 2/26/24 | - | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,595 | 2,231 | 3,111 | 2,948 | 2,374 | 3,362 | 5,554 | 6,476 |
| EBITDA 1 | 948.7 | 808.9 | 1,086 | 614.4 | 451.5 | 594.4 | 1,564 | 1,990 |
| EBIT 1 | 732.2 | 592 | 864.7 | 399 | 273.5 | 364.7 | 1,052 | 1,456 |
| Operating Margin | 28.22% | 26.54% | 27.79% | 13.53% | 11.52% | 10.85% | 18.94% | 22.49% |
| Earnings before Tax (EBT) 1 | 788.6 | 624.4 | 874.3 | 295.7 | 176.4 | 341 | 602.3 | 1,066 |
| Net income 1 | 759.3 | 596 | 815 | 294.5 | 171.1 | 278.6 | 614 | 930 |
| Net margin | 29.27% | 26.71% | 26.19% | 9.99% | 7.21% | 8.29% | 11.06% | 14.36% |
| EPS 2 | 2.923 | 2.294 | 3.139 | 1.135 | 0.6610 | 0.9181 | 2.779 | 4.300 |
| Free Cash Flow 1 | 765.1 | 538.3 | -388.8 | -1,886 | -3,117 | -1,165 | 708.7 | 1,374 |
| FCF margin | 29.49% | 24.13% | -12.5% | -63.98% | -131.31% | -34.64% | 12.76% | 21.22% |
| FCF Conversion (EBITDA) | 80.65% | 66.55% | - | - | - | - | 45.32% | 69.05% |
| FCF Conversion (Net income) | 100.76% | 90.32% | - | - | - | - | 115.42% | 147.74% |
| Dividend per Share 2 | 2.150 | 2.167 | 2.167 | - | - | - | 1.752 | 2.345 |
| Announcement Date | 3/1/20 | 1/11/21 | 1/10/22 | 3/1/23 | 2/26/24 | - | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 905.4 | 866.3 | 814 | 656.5 | 611.6 | 626.9 | 581.5 | 594.3 | 570.9 | 321 | 875.3 | 947 | 1,146 |
| EBITDA 1 | - | - | 245.9 | - | - | 109.3 | 127 | 159.8 | 54.35 | 19.36 | 112.2 | 112.2 | 268.1 |
| EBIT 1 | 185.9 | 181.9 | 132 | 55.09 | 30.39 | 64.42 | 82.25 | 79.61 | 47.27 | -25 | 50.01 | 50.01 | 206 |
| Operating Margin | 20.53% | 21% | 16.22% | 8.39% | 4.97% | 10.28% | 14.14% | 13.4% | 8.28% | -7.79% | 5.71% | 5.28% | 17.97% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | 161.3 | 164.4 | 109.6 | 26.96 | -6.409 | 42.69 | 60.3 | 45.15 | 22.93 | -58 | 26.89 | 26.89 | 182.9 |
| Net margin | 17.81% | 18.97% | 13.46% | 4.11% | -1.05% | 6.81% | 10.37% | 7.6% | 4.02% | -18.07% | 3.07% | 2.84% | 15.95% |
| EPS 2 | 0.6225 | 0.6320 | 0.4220 | 0.1040 | -0.0230 | 0.1650 | 0.2330 | 0.1750 | 0.0890 | -0.2260 | 0.1770 | 0.2720 | 0.4183 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 1/10/22 | 5/12/22 | 8/11/22 | 11/1/22 | 3/1/23 | 5/9/23 | 7/27/23 | 10/25/23 | 2/26/24 | 5/9/24 | - | - | - |
1SAR in Million2SAR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | 820 | 2,958 | 6,166 | 7,604 | 7,070 | 6,072 |
| Net Cash position 1 | 34.4 | 49 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | 0.7551 x | 4.813 x | 13.66 x | 12.79 x | 4.522 x | 3.051 x |
| Free Cash Flow 1 | 765 | 538 | -389 | -1,886 | -3,117 | -1,165 | 709 | 1,374 |
| ROE (net income / shareholders' equity) | 23.1% | 17.6% | 22.8% | 8.45% | 5.29% | 6.66% | 16.1% | 21.8% |
| ROA (Net income/ Total Assets) | 17.9% | 15.4% | 16.6% | 4.17% | 1.74% | 2.83% | 5.2% | 6.9% |
| Assets 1 | 4,249 | 3,883 | 4,922 | 7,064 | 9,854 | 9,832 | 11,808 | 13,478 |
| Book Value Per Share 2 | 12.90 | 13.20 | 14.40 | 12.50 | 12.50 | 13.90 | 15.80 | 19.70 |
| Cash Flow per Share 2 | 3.260 | 2.920 | 4.070 | 1.770 | 0.8200 | 0.6900 | 1.940 | 3.950 |
| Capex 1 | 80.8 | 219 | 1,447 | 2,347 | 3,328 | 2,478 | 348 | 350 |
| Capex / Sales | 3.12% | 9.83% | 46.51% | 79.6% | 140.21% | 73.7% | 6.27% | 5.4% |
| Announcement Date | 3/1/20 | 1/11/21 | 1/10/22 | 3/1/23 | 2/26/24 | - | - | - |
1SAR in Million2SAR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
12
Last Close Price
40.35
SAR
Average target price
44.08
SAR
Spread / Average Target
+9.25%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +3.20% | 2.78B | |
| +5.31% | 105B | |
| -6.47% | 62.52B | |
| +72.86% | 49.08B | |
| +16.94% | 38.99B | |
| +5.28% | 32.59B | |
| +14.48% | 20.6B | |
| +15.10% | 17.19B | |
| +18.07% | 15.13B | |
| +4.83% | 14.36B |
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