SAHARA INTERNATIONAL PETROCHEMICAL COMPANY Financials Sahara International Petrochemical Company
Equities
2310
SA000A0KFKK0
Diversified Chemicals
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 32.25 SAR | +3.37% |
|
-0.92% | -5.29% |
| Apr. 28 | Sipchem Posts Decrease in Q1 Profit, Revenue | MT |
| Apr. 23 | Saudi Arabia’s Sipchem to Begin Scheduled Maintenance at Three Plants in May | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 13,171 | 12,658 | 30,541 | 24,687 | 24,760 | 23,386 | - | - |
| Enterprise Value (EV) 1 | 18,734 | 17,376 | 33,280 | 25,565 | 25,483 | 23,232 | 22,469 | 23,386 |
| P/E ratio | 34.5 x | 72.2 x | 8.5 x | 6.93 x | 21 x | 17 x | 11.3 x | 11.5 x |
| Yield | 6.9% | 2.89% | 5.36% | 9.57% | 5.87% | 5.61% | 6.77% | 6.76% |
| Capitalization / Revenue | 2.42 x | 2.38 x | 3.06 x | 2.41 x | 3.25 x | 3.11 x | 2.86 x | 2.79 x |
| EV / Revenue | 3.44 x | 3.26 x | 3.33 x | 2.49 x | 3.35 x | 3.09 x | 2.75 x | 2.79 x |
| EV / EBITDA | 10.6 x | 13.3 x | 6.08 x | 5.14 x | 10.9 x | 9.12 x | 7.22 x | 7.63 x |
| EV / FCF | 16.5 x | - | 7.36 x | 5.4 x | 15.8 x | 15.6 x | 10.1 x | 9.5 x |
| FCF Yield | 6.06% | - | 13.6% | 18.5% | 6.32% | 6.39% | 9.92% | 10.5% |
| Price to Book | 0.99 x | 0.92 x | 2.09 x | 1.56 x | 1.59 x | 1.5 x | 1.44 x | 1.39 x |
| Nbr of stocks (in thousands) | 733,333 | 730,832 | 727,162 | 727,162 | 727,162 | 725,133 | - | - |
| Reference price 2 | 17.96 | 17.32 | 42.00 | 33.95 | 34.05 | 32.25 | 32.25 | 32.25 |
| Announcement Date | 3/24/20 | 3/14/21 | 3/3/22 | 2/28/23 | 3/3/24 | - | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,440 | 5,323 | 9,982 | 10,254 | 7,618 | 7,524 | 8,170 | 8,388 |
| EBITDA 1 | 1,775 | 1,302 | 5,477 | 4,970 | 2,333 | 2,546 | 3,112 | 3,066 |
| EBIT 1 | 965.9 | 359.6 | 4,464 | 4,047 | 1,419 | 1,594 | 2,143 | 2,050 |
| Operating Margin | 17.76% | 6.76% | 44.73% | 39.47% | 18.63% | 21.19% | 26.22% | 24.44% |
| Earnings before Tax (EBT) 1 | 444.8 | - | 4,042 | 4,184 | 1,364 | 1,594 | 2,255 | 2,438 |
| Net income 1 | 299.5 | 175.9 | 3,592 | 3,595 | 1,175 | 1,470 | 2,086 | 2,048 |
| Net margin | 5.51% | 3.3% | 35.98% | 35.06% | 15.42% | 19.54% | 25.53% | 24.42% |
| EPS 2 | 0.5200 | 0.2400 | 4.940 | 4.900 | 1.620 | 1.902 | 2.853 | 2.795 |
| Free Cash Flow 1 | 1,135 | - | 4,520 | 4,735 | 1,610 | 1,486 | 2,229 | 2,462 |
| FCF margin | 20.86% | - | 45.29% | 46.17% | 21.14% | 19.74% | 27.28% | 29.34% |
| FCF Conversion (EBITDA) | 63.91% | - | 82.53% | 95.26% | 69.02% | 58.34% | 71.62% | 80.3% |
| FCF Conversion (Net income) | 378.84% | - | 125.85% | 131.69% | 137.06% | 101.02% | 106.86% | 120.16% |
| Dividend per Share 2 | 1.238 | 0.5000 | 2.250 | 3.250 | 2.000 | 1.809 | 2.182 | 2.180 |
| Announcement Date | 3/24/20 | 3/14/21 | 3/3/22 | 2/28/23 | 3/3/24 | - | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 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 | 2,506 | 3,083 | 2,409 | 3,193 | 2,939 | 1,712 | 2,087 | 1,702 | 1,789 | 2,040 | 1,925 | 1,931 | 1,931 | 1,911 |
| EBITDA 1 | - | - | 1,361 | 1,587 | - | - | 783.6 | 571.1 | 532.4 | 446.1 | 451.5 | 771.1 | 771.1 | 771.1 |
| EBIT 1 | 1,139 | 1,452 | 1,148 | 1,370 | 908.7 | 618.6 | 561 | 353.1 | 304.7 | 200 | 294.3 | 535.8 | 535.8 | 535.8 |
| Operating Margin | 45.48% | 47.09% | 47.65% | 42.89% | 30.92% | 36.13% | 26.88% | 20.75% | 17.03% | 9.81% | 15.29% | 27.74% | 27.74% | 28.03% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | 1,030 | 1,321 | 1,079 | 1,263 | 774.4 | 479 | 470.3 | 312.9 | 233.1 | 158.7 | 181.5 | 511 | 511 | 511 |
| Net margin | 41.09% | 42.85% | 44.77% | 39.56% | 26.35% | 27.97% | 22.53% | 18.39% | 13.03% | 7.78% | 9.43% | 26.46% | 26.46% | 26.73% |
| EPS 2 | 1.420 | 1.820 | 1.480 | 1.740 | 1.070 | 0.6100 | 0.6400 | 0.4300 | 0.3200 | 0.2300 | 0.2500 | 0.7046 | 0.7046 | 0.7046 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 10/24/21 | 3/3/22 | 4/21/22 | 8/1/22 | 10/23/22 | 2/28/23 | 5/3/23 | 7/27/23 | 10/24/23 | 3/3/24 | 4/28/24 | - | - | - |
1SAR in Million2SAR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 5,563 | 4,718 | 2,739 | 878 | 723 | - | - | - |
| Net Cash position 1 | - | - | - | - | - | 154 | 916 | - |
| Leverage (Debt/EBITDA) | 3.133 x | 3.624 x | 0.5 x | 0.1766 x | 0.3097 x | - | - | - |
| Free Cash Flow 1 | 1,135 | - | 4,520 | 4,735 | 1,610 | 1,486 | 2,229 | 2,462 |
| ROE (net income / shareholders' equity) | 3.11% | 1.34% | 26.1% | 23.7% | 7.49% | 9.05% | 11.2% | 11.5% |
| ROA (Net income/ Total Assets) | 1.52% | - | 14.9% | 15% | 5.16% | 5.87% | 8.03% | 8.63% |
| Assets 1 | 19,685 | - | 24,135 | 23,970 | 22,750 | 25,065 | 25,965 | 23,728 |
| Book Value Per Share 2 | 18.20 | 18.90 | 20.10 | 21.80 | 21.50 | 21.50 | 22.40 | 23.10 |
| Cash Flow per Share 2 | 3.100 | 2.200 | 6.740 | 7.250 | 3.190 | 3.550 | 4.080 | - |
| Capex 1 | 662 | 508 | 377 | 585 | 729 | 663 | 510 | 488 |
| Capex / Sales | 12.18% | 9.55% | 3.78% | 5.7% | 9.57% | 8.81% | 6.24% | 5.82% |
| Announcement Date | 3/24/20 | 3/14/21 | 3/3/22 | 2/28/23 | 3/3/24 | - | - | - |
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
BUY
Number of Analysts
9
Last Close Price
32.25
SAR
Average target price
38.34
SAR
Spread / Average Target
+18.90%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -5.29% | 6.24B | |
| -0.19% | 74.89B | |
| +0.63% | 46.52B | |
| -4.19% | 30.82B | |
| +10.82% | 18.19B | |
| -9.69% | 11.54B | |
| +6.39% | 11.24B | |
| -7.37% | 9.73B | |
| +2.79% | 9.4B | |
| +5.97% | 9.37B |
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