View ValuationAlujain 향후 성장Future 기준 점검 4/6Alujain (는) 각각 연간 127.4% 및 2.8% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 127.5% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 4.4% 로 예상됩니다.핵심 정보127.4%이익 성장률127.53%EPS 성장률Chemicals 이익 성장50.9%매출 성장률2.8%향후 자기자본이익률4.43%애널리스트 커버리지Low마지막 업데이트01 Apr 2026최근 향후 성장 업데이트Price Target Changed • Dec 04Price target decreased by 10.0% to ر.س45.00Down from ر.س50.00, the current price target is an average from 2 analysts. New target price is 51% above last closing price of ر.س29.72. Stock is down 23% over the past year. The company is forecast to post earnings per share of ر.س0.16 next year compared to a net loss per share of ر.س0.73 last year.Price Target Changed • Sep 08Price target decreased by 7.5% to ر.س49.00Down from ر.س53.00, the current price target is an average from 2 analysts. New target price is 37% above last closing price of ر.س35.82. Stock is down 12% over the past year. The company posted a net loss per share of ر.س0.73 last year.Price Target Changed • Jun 04Price target increased by 8.1% to ر.س53.00Up from ر.س49.03, the current price target is an average from 2 analysts. New target price is 28% above last closing price of ر.س41.25. Stock is down 3.3% over the past year. The company is forecast to post earnings per share of ر.س0.55 next year compared to a net loss per share of ر.س1.61 last year.Major Estimate Revision • Jan 19Consensus EPS estimates increase by 140%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from ر.س0.052 to ر.س0.125. Revenue forecast unchanged at ر.س1.63b. Net income forecast to grow 601% next year vs 54% growth forecast for Chemicals industry in Saudi Arabia. Consensus price target up from ر.س49.03 to ر.س53.37. Share price rose 3.2% to ر.س43.15 over the past week.Price Target Changed • Jan 19Price target increased by 8.8% to ر.س53.37Up from ر.س49.03, the current price target is an average from 3 analysts. New target price is 24% above last closing price of ر.س43.15. Stock is up 11% over the past year. The company is forecast to post earnings per share of ر.س0.13 for next year compared to ر.س2.42 last year.모든 업데이트 보기Recent updates공시 • May 14Alujain Corporation to Report Q1, 2026 Results on May 13, 2026Alujain Corporation announced that they will report Q1, 2026 results on May 13, 2026Reported Earnings • May 10First quarter 2026 earnings released: EPS: ر.س0.18 (vs ر.س0.25 loss in 1Q 2025)First quarter 2026 results: EPS: ر.س0.18 (up from ر.س0.25 loss in 1Q 2025). Revenue: ر.س365.5m (up 37% from 1Q 2025). Net income: ر.س12.2m (up ر.س29.4m from 1Q 2025). Profit margin: 3.3% (up from net loss in 1Q 2025). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Chemicals industry in Saudi Arabia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance.분석 기사 • May 01We're Keeping An Eye On Alujain's (TADAWUL:2170) Cash Burn RateWe can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made...공시 • Apr 30Alujain Corporation, Annual General Meeting, May 20, 2026Alujain Corporation, Annual General Meeting, May 20, 2026, at 19:15 Arab Standard Time. Location: riyadh Saudi ArabiaReported Earnings • Apr 01Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: ر.س12.05 loss per share (further deteriorated from ر.س0.73 loss in FY 2024). Revenue: ر.س1.30b (down 16% from FY 2024). Net loss: ر.س833.9m (loss widened ر.س783.1m from FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 1.4% growth forecast for the Chemicals industry in Saudi Arabia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance.New Risk • Mar 26New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Saudi stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (6.1% average weekly change).Price Target Changed • Dec 04Price target decreased by 10.0% to ر.س45.00Down from ر.س50.00, the current price target is an average from 2 analysts. New target price is 51% above last closing price of ر.س29.72. Stock is down 23% over the past year. The company is forecast to post earnings per share of ر.س0.16 next year compared to a net loss per share of ر.س0.73 last year.Reported Earnings • Nov 06Third quarter 2025 earnings released: EPS: ر.س0.24 (vs ر.س0.66 in 3Q 2024)Third quarter 2025 results: EPS: ر.س0.24 (down from ر.س0.66 in 3Q 2024). Revenue: ر.س364.1m (up 7.7% from 3Q 2024). Net income: ر.س16.4m (down 64% from 3Q 2024). Profit margin: 4.5% (down from 14% in 3Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Chemicals industry in Saudi Arabia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 122 percentage points per year, which is a significant difference in performance.Price Target Changed • Sep 08Price target decreased by 7.5% to ر.س49.00Down from ر.س53.00, the current price target is an average from 2 analysts. New target price is 37% above last closing price of ر.س35.82. Stock is down 12% over the past year. The company posted a net loss per share of ر.س0.73 last year.Reported Earnings • Aug 14Second quarter 2025 earnings released: EPS: ر.س0.18 (vs ر.س0.21 in 2Q 2024)Second quarter 2025 results: EPS: ر.س0.18 (down from ر.س0.21 in 2Q 2024). Revenue: ر.س342.9m (down 9.9% from 2Q 2024). Net income: ر.س12.4m (down 15% from 2Q 2024). Profit margin: 3.6% (down from 3.8% in 2Q 2024). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Chemicals industry in Saudi Arabia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 122 percentage points per year, which is a significant difference in performance.공시 • May 20Alujain Corporation Approves Quarterly Dividend DistributionAlujain Corporation announced that at its AGM held on May 18, 2025, shareholders distributed dividend to the company shareholder amounted SAR 0.75 per share for each quarter for the next two years, beginning with the first-quarter distributions of 2025 and ending with the fourth-quarter distributions of 2026.Reported Earnings • May 15First quarter 2025 earnings released: ر.س0.25 loss per share (vs ر.س0.081 profit in 1Q 2024)First quarter 2025 results: ر.س0.25 loss per share (down from ر.س0.081 profit in 1Q 2024). Revenue: ر.س267.7m (down 44% from 1Q 2024). Net loss: ر.س17.2m (down 406% from profit in 1Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Chemicals industry in Saudi Arabia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 113 percentage points per year, which is a significant difference in performance.공시 • Apr 22Alujain Corporation, Annual General Meeting, May 18, 2025Alujain Corporation, Annual General Meeting, May 18, 2025, at 19:30 Arab Standard Time. Location: riyadh Saudi ArabiaReported Earnings • Mar 27Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: ر.س0.73 loss per share (improved from ر.س1.61 loss in FY 2023). Revenue: ر.س1.56b (up 11% from FY 2023). Net loss: ر.س50.7m (loss narrowed 38% from FY 2023). Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 5.6% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Chemicals industry in Saudi Arabia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 106 percentage points per year, which is a significant difference in performance.New Risk • Jan 16New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 41% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 0% Paying a dividend despite having no free cash flows. Shareholders have been substantially diluted in the past year (41% increase in shares outstanding).Reported Earnings • Nov 07Third quarter 2024 earnings released: EPS: ر.س0.66 (vs ر.س0.32 in 3Q 2023)Third quarter 2024 results: EPS: ر.س0.66 (up from ر.س0.32 in 3Q 2023). Revenue: ر.س338.2m (down 20% from 3Q 2023). Net income: ر.س45.8m (up 187% from 3Q 2023). Profit margin: 14% (up from 3.8% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Chemicals industry in Saudi Arabia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 13Second quarter 2024 earnings released: EPS: ر.س0.21 (vs ر.س0.06 in 2Q 2023)Second quarter 2024 results: EPS: ر.س0.21 (up from ر.س0.06 in 2Q 2023). Revenue: ر.س380.8m (down 5.3% from 2Q 2023). Net income: ر.س14.6m (up 366% from 2Q 2023). Profit margin: 3.8% (up from 0.8% in 2Q 2023). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Chemicals industry in Saudi Arabia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance.분석 기사 • Aug 06Alujain Corporation (TADAWUL:2170) Screens Well But There Might Be A CatchIt's not a stretch to say that Alujain Corporation's ( TADAWUL:2170 ) price-to-sales (or "P/S") ratio of 1.8x seems...Buy Or Sell Opportunity • Jun 30Now 22% overvaluedThe stock has been flat over the last 90 days, currently trading at ر.س41.60. The fair value is estimated to be ر.س34.19, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 52% over the last 3 years. Meanwhile, the company became loss making.Price Target Changed • Jun 04Price target increased by 8.1% to ر.س53.00Up from ر.س49.03, the current price target is an average from 2 analysts. New target price is 28% above last closing price of ر.س41.25. Stock is down 3.3% over the past year. The company is forecast to post earnings per share of ر.س0.55 next year compared to a net loss per share of ر.س1.61 last year.공시 • Jun 01Basell International Holdings B.V. completed the acquisition of 35% stake in National Petrochemical Industrial Company from Alujain Corporation (SASE:2170).Basell International Holdings B.V. signed an agreement to acquire 35% stake in National Petrochemical Industrial Company from Alujain Corporation (SASE:2170) for SAR 1.87 billion on January 16, 2024. The agreement is signed to take a 35% stake, representing 37.45 million shares in NATPET’s capital. The terms of transaction includes preconditions and warranties related to amendments to the structure of NATPET and the new project company, and obtaining the necessary approvals from the relevant authorities as per the terms of the agreement. Basell International Holdings B.V. completed the acquisition of 35% stake in National Petrochemical Industrial Company from Alujain Corporation (SASE:2170) on May 30, 2024.Buy Or Sell Opportunity • May 28Now 20% overvaluedOver the last 90 days, the stock has fallen 5.3% to ر.س40.60. The fair value is estimated to be ر.س33.80, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 52% over the last 3 years. Meanwhile, the company became loss making.Reported Earnings • May 17First quarter 2024 earnings released: EPS: ر.س0.08 (vs ر.س0.15 loss in 1Q 2023)First quarter 2024 results: EPS: ر.س0.08 (up from ر.س0.15 loss in 1Q 2023). Revenue: ر.س478.2m (up 20% from 1Q 2023). Net income: ر.س5.62m (up ر.س12.8m from 1Q 2023). Profit margin: 1.2% (up from net loss in 1Q 2023). Revenue is forecast to grow 9.5% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Chemicals industry in Saudi Arabia. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.공시 • Apr 06Alujain Corporation, Annual General Meeting, Apr 28, 2024Alujain Corporation, Annual General Meeting, Apr 28, 2024, at 15:30 Coordinated Universal Time. Agenda: To View and discuss the Board of Directors' report for the fiscal year ending on 31 December 2023; to View and discuss the financial statements for the fiscal year ending on 31-12-2023; to consider voting on the auditor's report on the Company's accounts for the fiscal year ending on 31-12-2023, after discussing it; to consider voting on appointment of the Company's auditor from among the candidates, based on the recommendation of the Audit Committee, to examine, review and audit the financial statements for the second, third and annual quarters of the fiscal year 2024 and the first quarter of the fiscal year 2025, and determine his fees; and to consider other matters.Reported Earnings • Mar 31Full year 2023 earnings released: ر.س1.61 loss per share (vs ر.س1.31 profit in FY 2022)Full year 2023 results: ر.س1.61 loss per share (down from ر.س1.31 profit in FY 2022). Revenue: ر.س1.40b (down 27% from FY 2022). Net loss: ر.س82.2m (down 227% from profit in FY 2022). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 5.3% growth forecast for the Chemicals industry in Saudi Arabia. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.Major Estimate Revision • Jan 19Consensus EPS estimates increase by 140%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from ر.س0.052 to ر.س0.125. Revenue forecast unchanged at ر.س1.63b. Net income forecast to grow 601% next year vs 54% growth forecast for Chemicals industry in Saudi Arabia. Consensus price target up from ر.س49.03 to ر.س53.37. Share price rose 3.2% to ر.س43.15 over the past week.Price Target Changed • Jan 19Price target increased by 8.8% to ر.س53.37Up from ر.س49.03, the current price target is an average from 3 analysts. New target price is 24% above last closing price of ر.س43.15. Stock is up 11% over the past year. The company is forecast to post earnings per share of ر.س0.13 for next year compared to ر.س2.42 last year.공시 • Jan 17Basell International Holdings B.V. signed an agreement to acquire 35% stake in National Petrochemical Industrial Company from Alujain Corporation (SASE:2170) for SAR 1.87 billion.Basell International Holdings B.V. signed an agreement to acquire 35% stake in National Petrochemical Industrial Company from Alujain Corporation (SASE:2170) for SAR 1.87 billion on January 16, 2024. The agreement is signed to take a 35% stake, representing 37.45 million shares in NATPET’s capital. The terms of transaction includes preconditions and warranties related to amendments to the structure of NATPET and the new project company, and obtaining the necessary approvals from the relevant authorities as per the terms of the agreement.공시 • Nov 29Alujain Corporation (SASE:2170) completed the acquisition of additional 12.19% stake in National Petrochemical Industrial Company from General Organization for Social Insurance.Alujain Corporation (SASE:2170) signed agreement to acquire additional 12.19% stake in National Petrochemical Industrial Company from General Organization for Social Insurance for approximately SAR 470 million on June 20, 2023. Alujain to acquire 13,044,294 shares of NATPET from GOSI in exchange for 9.06 million shares of Alujain shares and cash consideration amounted to SAR 81.21 million in exchange for 2.02 million shares owned by GOSI in NATPET. Upon completion of the transaction, Alujain's ownership in NATPET will increase from 76.40% to 88.59%, and the GOSI will receive Alujain's shares and the cash consideration mentioned above. The cash portion of the transaction will be financed through facilities from Alinma Bank. National Petrochemical Industrial Company reported revenue and net profit of SAR 1.8 billion and SAR 261 million respectively for the year 2022. The transaction is subject to the approval of the General Assembly of NATPET to distribute in-kind profits to its shareholders, which consist of all the shares owned by NATPET and its subsidiaries in Alujain amounted to (19.99 million) shares, obtaining any necessary or appropriate approvals in relation to the transaction. Alujain Corporation (SASE:2170) completed the acquisition of additional 12.19% stake in National Petrochemical Industrial Company from General Organization for Social Insurance on November 28, 2023.분석 기사 • Oct 24Alujain Corporation's (TADAWUL:2170) Subdued P/S Might Signal An OpportunityWhen close to half the companies operating in the Chemicals industry in Saudi Arabia have price-to-sales ratios (or...Reported Earnings • Aug 09Second quarter 2023 earnings released: EPS: ر.س0.34 (vs ر.س1.28 in 2Q 2022)Second quarter 2023 results: EPS: ر.س0.34 (down from ر.س1.28 in 2Q 2022). Revenue: ر.س401.9m (down 30% from 2Q 2022). Net income: ر.س16.8m (down 73% from 2Q 2022). Profit margin: 4.2% (down from 11% in 2Q 2022). The decrease in margin was driven by lower revenue.공시 • Jul 14Alujain Corporation (SASE:2170) signed an share purchase agreement to acquire additional 16.03% stake in National Petrochemical Industrial Company from shareholders of NATPET for SAR 810 million.Alujain Corporation (SASE:2170) signed an share purchase agreement to acquire additional 16.03% stake in National Petrochemical Industrial Company from shareholders of NATPET for SAR 810 million on July 14, 2023. Alujain to acquire 17,152,451 shares from some shareholders of NATPET. The transaction will be financed through Islamic Murabaha facilities from Alinma Bank. Post transaction Alujain Corporation increased it stake from 57.4% to 73.43% in NATPET.공시 • Jul 12Falaj Holding Company signed an agreement to acquire 98.75% of Zain Industries Company from Alujain Corporation (SASE:2170) for SAR 15.2 million.Falaj Holding Company signed an agreement to acquire 98.75% of Zain Industries Company from Alujain Corporation (SASE:2170) for SAR 15.2 million on July 10, 2023. The price of SAR 15.2 million for the fixed assets, goodwill of the company. In 2022, Zain Industries has revenues of SAR 21.9 million and Net Loss of SAR 7.02 million. The proceeds will be used for general corporate purposes. The completion of the transaction is subject to a number of preconditions, The net assets (current assets less current liabilities) will be determined, verified and paid within 120 days after the sale, based on company’s financial statements which will be prepared within 90 days and Obtaining the required regulatory approvals.Board Change • Jul 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Independent Director Omar Alkhuwaiter was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.분석 기사 • May 23Alujain (TADAWUL:2170) Might Have The Makings Of A Multi-BaggerIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Reported Earnings • Apr 12Full year 2022 earnings released: EPS: ر.س2.42 (vs ر.س24.41 in FY 2021)Full year 2022 results: EPS: ر.س2.42 (down from ر.س24.41 in FY 2021). Revenue: ر.س1.91b (up 268% from FY 2021). Net income: ر.س119.3m (down 93% from FY 2021). Profit margin: 6.2% (down from 312% in FY 2021). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: ر.س0.38 (vs ر.س0.82 in 3Q 2021)Third quarter 2022 results: EPS: ر.س0.38 (down from ر.س0.82 in 3Q 2021). Revenue: ر.س373.4m (up ر.س366.9m from 3Q 2021). Net income: ر.س18.7m (down 67% from 3Q 2021). Profit margin: 5.0% (down from 868% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 11Third quarter 2022 earnings released: EPS: ر.س0.38 (vs ر.س0.82 in 3Q 2021)Third quarter 2022 results: EPS: ر.س0.38 (down from ر.س0.82 in 3Q 2021). Revenue: ر.س373.4m (up ر.س366.9m from 3Q 2021). Net income: ر.س18.7m (down 67% from 3Q 2021). Profit margin: 5.0% (down from 868% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.공시 • Nov 08Alujain Corp. Announces the Receipt of Feedstock Allocation Approval from the Ministry of Energy for the Construction of Propane Gas Processing Plant in Kingdom of Saudi ArabiaAlujain Corp. announced that it has received, on 3 November 2022, the receipt of feedstock allocation approval from the Ministry of Energy for the construction of the new project in Yanbu Industrial City, Kingdom of Saudi Arabia, which includes: Propane gas processing plant (to produce propylene). Plant for the production of polypropylene, and Complex to produce polypropylene compounds and PP specialty materials. The new project, upon its completion, will produce more than 600,000 tons of polypropylene, polypropylene compounds, and specialized construction materials from Polypropylene derivatives, in addition to about 25,000 tons of salable hydrogen annually. The new project will also include a grid for the propylene and polypropylene production units connecting the current company (National Petrochemical Industrial Company -NATPET- - subsidiary company) two processing plants with the two production units in the new project to increase reliability and efficiency and improve the economies of the two companies. The total cost of the new project is estimated at about SAR 7.5 billion ($2 billion). It is expected to start operation in the first half of 2026. The project will also include entering into a strategic partnership with a leading global partner in the propylene and polypropylene industry. This partnership will enable the transfer of required technologies and know-how capabilities for the new project, including the establishment of an R&D center for the specialty products (PP compounding and specialized plastic materials) which will contribute to meeting the needs of the local market, and create future localization opportunities for specialized construction materials and specialty plastic materials covering medical applications, automotive industry and batteries manufacturing.분석 기사 • Oct 31Alujain (TADAWUL:2170) Might Have The Makings Of A Multi-BaggerIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Reported Earnings • Aug 13Second quarter 2022 earnings released: EPS: ر.س1.28 (vs ر.س1.33 in 2Q 2021)Second quarter 2022 results: EPS: ر.س1.28 (down from ر.س1.33 in 2Q 2021). Revenue: ر.س574.6m (up ر.س569.4m from 2Q 2021). Net income: ر.س63.0m (down 32% from 2Q 2021). Profit margin: 11% (down from 1,753% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jun 26Upcoming dividend of ر.س1.50 per shareEligible shareholders must have bought the stock before 03 July 2022. Payment date: 20 July 2022. Payout ratio is a comfortable 3.8% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Saudi dividend payers (4.7%). Lower than average of industry peers (4.8%).공시 • Jun 06Alujain Holding Corp. Announces the Distribution of Cash Dividend for the First Half of 2022, Payable on July 5, 2022Alujain Holding Corp. announced the Board of Directors decision to distribute cash dividends to SAR 1.5 to the Share Par Value to shareholders for the first half of 2022. The eligibility of dividends shall be for the shareholders at the closing of trading on June 30, 2022 and as per the registered shareholders in the register of the Securities Depository Center at the end of the 2nd trading day following the eligibility date. Distribution Date is July 5, 2022.Reported Earnings • May 27First quarter 2022 earnings released: EPS: ر.س1.13 (vs ر.س0.87 in 1Q 2021)First quarter 2022 results: EPS: ر.س1.13. Revenue: ر.س509.4m (up ر.س504.6m from 1Q 2021). Net income: ر.س55.8m (down 7.5% from 1Q 2021). Profit margin: 11% (down from 1,268% in 1Q 2021).Reported Earnings • Apr 12Full year 2021 earnings released: EPS: ر.س23.44 (vs ر.س3.00 in FY 2020)Full year 2021 results: EPS: ر.س23.44 (up from ر.س3.00 in FY 2020). Revenue: ر.س519.3m (up ر.س504.9m from FY 2020). Net income: ر.س1.62b (up ر.س1.42b from FY 2020). Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS ر.س0.82 (vs ر.س0.23 in 3Q 2020)Third quarter 2021 results: Net income: ر.س56.7m (up 256% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 27Second quarter 2021 earnings released: EPS ر.س1.33 (vs ر.س2.64 in 2Q 2020)Second quarter 2021 results: Net income: ر.س92.0m (down 50% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.공시 • Aug 19Alujain Holding Corporation (SASE:2170) signed a purchase agreement to acquire a 16% stake in National Petrochemical Industrial Company from some of NATPET shareholders for approximately SAR 810 million.Alujain Holding Corporation (SASE:2170) signed a purchase agreement to acquire a 16% stake in National Petrochemical Industrial Company from some of NATPET shareholders for approximately SAR 810 million on August 16, 2021. Under the terms, Alujain Holding Corporation will acquire 17.152451 million shares representing 16% of total shares. The transaction will be financed through a recently obtained Islamic Murabaha loan worth SAR 1 billion from Alinma Bank. For the financial year ended on December 31, 2020 National Petrochemical Industrial Company reported revenue of SAR 1,207 million and net profit of SAR 412 million.Reported Earnings • May 10First quarter 2021 earnings released: EPS ر.س0.87 (vs ر.س0.67 loss in 1Q 2020)First quarter 2021 results: Net income: ر.س60.3m (up ر.س106.7m from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.Executive Departure • Apr 03Independent Director has left the companyOn the 31st of March, Ali bin Abdulaziz Al-Turki's tenure in the role of Independent Director ended. We don't have any record of a personal shareholding under Ali's name. Ali is the only executive to leave the company over the last 12 months.공시 • Mar 15Alujain Holding Corporation Announces Board ChangesAlujain Holding Corp. announces the resignation of independent member of Board of Directors, Eng. Ali bin Abdulaziz Al-Turki, as he submitted his resignation on March 11, 2021 due to his work obligations. The Board of Directors approved by circulation the resignation on 14.03.2021 and the resignation is valid from the end of March 31, 2021.Reported Earnings • Mar 10Full year 2020 earnings released: EPS ر.س3.00 (vs ر.س2.76 in FY 2019)Full year 2020 results: Net income: ر.س207.3m (up 8.4% from FY 2019). Over the last 3 years on average, earnings per share has increased by 33% per year whereas the company’s share price has increased by 30% per year.Is New 90 Day High Low • Feb 26New 90-day high: ر.س51.40The company is up 5.0% from its price of ر.س49.00 on 26 November 2020. The Saudi market is down 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Chemicals industry, which is up 13% over the same period.분석 기사 • Dec 17Here's Why We Don't Think Alujain Holding's (TADAWUL:2170) Statutory Earnings Reflect Its Underlying Earnings PotentialMany investors consider it preferable to invest in profitable companies over unprofitable ones, because profitability...Is New 90 Day High Low • Nov 24New 90-day high: ر.س51.60The company is up 39% from its price of ر.س37.15 on 26 August 2020. The Saudi market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 8.0% over the same period.Valuation Update With 7 Day Price Move • Nov 13Market bids up stock over the past weekAfter last week's 17% share price gain to ر.س47.30, the stock is trading at a trailing P/E ratio of 5.4x, up from the previous P/E ratio of 4.7x. This compares to an average P/E of 23x in the Chemicals industry in Saudi Arabia. Total returns to shareholders over the past three years are 139%.Reported Earnings • Nov 07Third quarter 2020 earnings released: EPS ر.س0.23Third quarter 2020 results: Net income: ر.س15.9m (up ر.س124.4m from 3Q 2019).이익 및 매출 성장 예측SASE:2170 - 애널리스트 향후 추정치 및 과거 재무 데이터 (SAR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20281,438121N/AN/A112/31/20271,606126N/A384212/31/20261,51774N/A28013/31/20261,399-804-119270N/A12/31/20251,302-834-292178N/A9/30/20251,333-105-52258N/A6/30/20251,307-76-563143N/A3/31/20251,345-74-480169N/A12/31/20241,555-51-431167N/A9/30/20241,373-1-57413N/A6/30/20241,457-4489404N/A3/31/20241,478-5637336N/A12/31/20231,397-82225417N/A9/30/20231,675-88144246N/A6/30/20231,626-72163245N/A3/31/20231,799-12179209N/A12/31/20221,91165223355N/A9/30/20221,9601,551236382N/A6/30/20221,5931,589168304N/A3/31/20221,0241,618158290N/A12/31/20215191,6226181N/A9/30/202120264-30-30N/A6/30/202117223-27-27N/A3/31/202115314-19-19N/A12/31/202014207-64-64N/A9/30/202016602-30-30N/A6/30/202020477-29-28N/A3/31/202024224-10-10N/A12/31/201924191N/A-1N/A9/30/201925-307N/A8N/A6/30/201925-171N/A11N/A3/31/201926-36N/A-6N/A12/31/201826105N/A-10N/A9/30/201826213N/A-16N/A6/30/201826221N/A-15N/A3/31/201827170N/A-22N/A12/31/201728136N/A-19N/A9/30/201721115N/A-13N/A6/30/2017-647115N/A-176N/A3/31/2017-299141N/A-159N/A12/31/2016N/A115N/A-17N/A9/30/2016401106N/A132N/A6/30/20161,475114N/A419N/A3/31/20161,545126N/A472N/A12/31/20151,461106N/A492N/A9/30/20151,633144N/A505N/A6/30/20151,768133N/A577N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 2170 은 향후 3년 동안 수익을 낼 것으로 예상되며, 이는 절약률(15.1%)보다 빠른 성장으로 간주됩니다.수익 vs 시장: 2170 (는) 향후 3년 동안 평균 시장 성장보다 높은 수익을 올릴 것으로 예상됩니다.고성장 수익: 2170 향후 3년 내에 수익을 낼 것으로 예상됩니다.수익 대 시장: 2170 의 수익(연간 2.8%)이 SA 시장(연간 0.3%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: 2170 의 수익(연간 2.8%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 2170의 자본 수익률은 3년 후 4.4%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YMaterials 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/20 03:21종가2026/05/20 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Alujain Corporation는 4명의 분석가가 다루고 있습니다. 이 중 2명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Jassim Al-JubranAljazira Capital CompanySriharsha PappuHSBCChiradeep GhoshSICO1명의 분석가 더 보기
Price Target Changed • Dec 04Price target decreased by 10.0% to ر.س45.00Down from ر.س50.00, the current price target is an average from 2 analysts. New target price is 51% above last closing price of ر.س29.72. Stock is down 23% over the past year. The company is forecast to post earnings per share of ر.س0.16 next year compared to a net loss per share of ر.س0.73 last year.
Price Target Changed • Sep 08Price target decreased by 7.5% to ر.س49.00Down from ر.س53.00, the current price target is an average from 2 analysts. New target price is 37% above last closing price of ر.س35.82. Stock is down 12% over the past year. The company posted a net loss per share of ر.س0.73 last year.
Price Target Changed • Jun 04Price target increased by 8.1% to ر.س53.00Up from ر.س49.03, the current price target is an average from 2 analysts. New target price is 28% above last closing price of ر.س41.25. Stock is down 3.3% over the past year. The company is forecast to post earnings per share of ر.س0.55 next year compared to a net loss per share of ر.س1.61 last year.
Major Estimate Revision • Jan 19Consensus EPS estimates increase by 140%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from ر.س0.052 to ر.س0.125. Revenue forecast unchanged at ر.س1.63b. Net income forecast to grow 601% next year vs 54% growth forecast for Chemicals industry in Saudi Arabia. Consensus price target up from ر.س49.03 to ر.س53.37. Share price rose 3.2% to ر.س43.15 over the past week.
Price Target Changed • Jan 19Price target increased by 8.8% to ر.س53.37Up from ر.س49.03, the current price target is an average from 3 analysts. New target price is 24% above last closing price of ر.س43.15. Stock is up 11% over the past year. The company is forecast to post earnings per share of ر.س0.13 for next year compared to ر.س2.42 last year.
공시 • May 14Alujain Corporation to Report Q1, 2026 Results on May 13, 2026Alujain Corporation announced that they will report Q1, 2026 results on May 13, 2026
Reported Earnings • May 10First quarter 2026 earnings released: EPS: ر.س0.18 (vs ر.س0.25 loss in 1Q 2025)First quarter 2026 results: EPS: ر.س0.18 (up from ر.س0.25 loss in 1Q 2025). Revenue: ر.س365.5m (up 37% from 1Q 2025). Net income: ر.س12.2m (up ر.س29.4m from 1Q 2025). Profit margin: 3.3% (up from net loss in 1Q 2025). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Chemicals industry in Saudi Arabia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance.
분석 기사 • May 01We're Keeping An Eye On Alujain's (TADAWUL:2170) Cash Burn RateWe can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made...
공시 • Apr 30Alujain Corporation, Annual General Meeting, May 20, 2026Alujain Corporation, Annual General Meeting, May 20, 2026, at 19:15 Arab Standard Time. Location: riyadh Saudi Arabia
Reported Earnings • Apr 01Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: ر.س12.05 loss per share (further deteriorated from ر.س0.73 loss in FY 2024). Revenue: ر.س1.30b (down 16% from FY 2024). Net loss: ر.س833.9m (loss widened ر.س783.1m from FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 1.4% growth forecast for the Chemicals industry in Saudi Arabia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance.
New Risk • Mar 26New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Saudi stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (6.1% average weekly change).
Price Target Changed • Dec 04Price target decreased by 10.0% to ر.س45.00Down from ر.س50.00, the current price target is an average from 2 analysts. New target price is 51% above last closing price of ر.س29.72. Stock is down 23% over the past year. The company is forecast to post earnings per share of ر.س0.16 next year compared to a net loss per share of ر.س0.73 last year.
Reported Earnings • Nov 06Third quarter 2025 earnings released: EPS: ر.س0.24 (vs ر.س0.66 in 3Q 2024)Third quarter 2025 results: EPS: ر.س0.24 (down from ر.س0.66 in 3Q 2024). Revenue: ر.س364.1m (up 7.7% from 3Q 2024). Net income: ر.س16.4m (down 64% from 3Q 2024). Profit margin: 4.5% (down from 14% in 3Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Chemicals industry in Saudi Arabia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 122 percentage points per year, which is a significant difference in performance.
Price Target Changed • Sep 08Price target decreased by 7.5% to ر.س49.00Down from ر.س53.00, the current price target is an average from 2 analysts. New target price is 37% above last closing price of ر.س35.82. Stock is down 12% over the past year. The company posted a net loss per share of ر.س0.73 last year.
Reported Earnings • Aug 14Second quarter 2025 earnings released: EPS: ر.س0.18 (vs ر.س0.21 in 2Q 2024)Second quarter 2025 results: EPS: ر.س0.18 (down from ر.س0.21 in 2Q 2024). Revenue: ر.س342.9m (down 9.9% from 2Q 2024). Net income: ر.س12.4m (down 15% from 2Q 2024). Profit margin: 3.6% (down from 3.8% in 2Q 2024). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Chemicals industry in Saudi Arabia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 122 percentage points per year, which is a significant difference in performance.
공시 • May 20Alujain Corporation Approves Quarterly Dividend DistributionAlujain Corporation announced that at its AGM held on May 18, 2025, shareholders distributed dividend to the company shareholder amounted SAR 0.75 per share for each quarter for the next two years, beginning with the first-quarter distributions of 2025 and ending with the fourth-quarter distributions of 2026.
Reported Earnings • May 15First quarter 2025 earnings released: ر.س0.25 loss per share (vs ر.س0.081 profit in 1Q 2024)First quarter 2025 results: ر.س0.25 loss per share (down from ر.س0.081 profit in 1Q 2024). Revenue: ر.س267.7m (down 44% from 1Q 2024). Net loss: ر.س17.2m (down 406% from profit in 1Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Chemicals industry in Saudi Arabia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 113 percentage points per year, which is a significant difference in performance.
공시 • Apr 22Alujain Corporation, Annual General Meeting, May 18, 2025Alujain Corporation, Annual General Meeting, May 18, 2025, at 19:30 Arab Standard Time. Location: riyadh Saudi Arabia
Reported Earnings • Mar 27Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: ر.س0.73 loss per share (improved from ر.س1.61 loss in FY 2023). Revenue: ر.س1.56b (up 11% from FY 2023). Net loss: ر.س50.7m (loss narrowed 38% from FY 2023). Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 5.6% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Chemicals industry in Saudi Arabia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 106 percentage points per year, which is a significant difference in performance.
New Risk • Jan 16New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 41% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 0% Paying a dividend despite having no free cash flows. Shareholders have been substantially diluted in the past year (41% increase in shares outstanding).
Reported Earnings • Nov 07Third quarter 2024 earnings released: EPS: ر.س0.66 (vs ر.س0.32 in 3Q 2023)Third quarter 2024 results: EPS: ر.س0.66 (up from ر.س0.32 in 3Q 2023). Revenue: ر.س338.2m (down 20% from 3Q 2023). Net income: ر.س45.8m (up 187% from 3Q 2023). Profit margin: 14% (up from 3.8% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Chemicals industry in Saudi Arabia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 13Second quarter 2024 earnings released: EPS: ر.س0.21 (vs ر.س0.06 in 2Q 2023)Second quarter 2024 results: EPS: ر.س0.21 (up from ر.س0.06 in 2Q 2023). Revenue: ر.س380.8m (down 5.3% from 2Q 2023). Net income: ر.س14.6m (up 366% from 2Q 2023). Profit margin: 3.8% (up from 0.8% in 2Q 2023). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Chemicals industry in Saudi Arabia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance.
분석 기사 • Aug 06Alujain Corporation (TADAWUL:2170) Screens Well But There Might Be A CatchIt's not a stretch to say that Alujain Corporation's ( TADAWUL:2170 ) price-to-sales (or "P/S") ratio of 1.8x seems...
Buy Or Sell Opportunity • Jun 30Now 22% overvaluedThe stock has been flat over the last 90 days, currently trading at ر.س41.60. The fair value is estimated to be ر.س34.19, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 52% over the last 3 years. Meanwhile, the company became loss making.
Price Target Changed • Jun 04Price target increased by 8.1% to ر.س53.00Up from ر.س49.03, the current price target is an average from 2 analysts. New target price is 28% above last closing price of ر.س41.25. Stock is down 3.3% over the past year. The company is forecast to post earnings per share of ر.س0.55 next year compared to a net loss per share of ر.س1.61 last year.
공시 • Jun 01Basell International Holdings B.V. completed the acquisition of 35% stake in National Petrochemical Industrial Company from Alujain Corporation (SASE:2170).Basell International Holdings B.V. signed an agreement to acquire 35% stake in National Petrochemical Industrial Company from Alujain Corporation (SASE:2170) for SAR 1.87 billion on January 16, 2024. The agreement is signed to take a 35% stake, representing 37.45 million shares in NATPET’s capital. The terms of transaction includes preconditions and warranties related to amendments to the structure of NATPET and the new project company, and obtaining the necessary approvals from the relevant authorities as per the terms of the agreement. Basell International Holdings B.V. completed the acquisition of 35% stake in National Petrochemical Industrial Company from Alujain Corporation (SASE:2170) on May 30, 2024.
Buy Or Sell Opportunity • May 28Now 20% overvaluedOver the last 90 days, the stock has fallen 5.3% to ر.س40.60. The fair value is estimated to be ر.س33.80, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 52% over the last 3 years. Meanwhile, the company became loss making.
Reported Earnings • May 17First quarter 2024 earnings released: EPS: ر.س0.08 (vs ر.س0.15 loss in 1Q 2023)First quarter 2024 results: EPS: ر.س0.08 (up from ر.س0.15 loss in 1Q 2023). Revenue: ر.س478.2m (up 20% from 1Q 2023). Net income: ر.س5.62m (up ر.س12.8m from 1Q 2023). Profit margin: 1.2% (up from net loss in 1Q 2023). Revenue is forecast to grow 9.5% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Chemicals industry in Saudi Arabia. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
공시 • Apr 06Alujain Corporation, Annual General Meeting, Apr 28, 2024Alujain Corporation, Annual General Meeting, Apr 28, 2024, at 15:30 Coordinated Universal Time. Agenda: To View and discuss the Board of Directors' report for the fiscal year ending on 31 December 2023; to View and discuss the financial statements for the fiscal year ending on 31-12-2023; to consider voting on the auditor's report on the Company's accounts for the fiscal year ending on 31-12-2023, after discussing it; to consider voting on appointment of the Company's auditor from among the candidates, based on the recommendation of the Audit Committee, to examine, review and audit the financial statements for the second, third and annual quarters of the fiscal year 2024 and the first quarter of the fiscal year 2025, and determine his fees; and to consider other matters.
Reported Earnings • Mar 31Full year 2023 earnings released: ر.س1.61 loss per share (vs ر.س1.31 profit in FY 2022)Full year 2023 results: ر.س1.61 loss per share (down from ر.س1.31 profit in FY 2022). Revenue: ر.س1.40b (down 27% from FY 2022). Net loss: ر.س82.2m (down 227% from profit in FY 2022). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 5.3% growth forecast for the Chemicals industry in Saudi Arabia. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
Major Estimate Revision • Jan 19Consensus EPS estimates increase by 140%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from ر.س0.052 to ر.س0.125. Revenue forecast unchanged at ر.س1.63b. Net income forecast to grow 601% next year vs 54% growth forecast for Chemicals industry in Saudi Arabia. Consensus price target up from ر.س49.03 to ر.س53.37. Share price rose 3.2% to ر.س43.15 over the past week.
Price Target Changed • Jan 19Price target increased by 8.8% to ر.س53.37Up from ر.س49.03, the current price target is an average from 3 analysts. New target price is 24% above last closing price of ر.س43.15. Stock is up 11% over the past year. The company is forecast to post earnings per share of ر.س0.13 for next year compared to ر.س2.42 last year.
공시 • Jan 17Basell International Holdings B.V. signed an agreement to acquire 35% stake in National Petrochemical Industrial Company from Alujain Corporation (SASE:2170) for SAR 1.87 billion.Basell International Holdings B.V. signed an agreement to acquire 35% stake in National Petrochemical Industrial Company from Alujain Corporation (SASE:2170) for SAR 1.87 billion on January 16, 2024. The agreement is signed to take a 35% stake, representing 37.45 million shares in NATPET’s capital. The terms of transaction includes preconditions and warranties related to amendments to the structure of NATPET and the new project company, and obtaining the necessary approvals from the relevant authorities as per the terms of the agreement.
공시 • Nov 29Alujain Corporation (SASE:2170) completed the acquisition of additional 12.19% stake in National Petrochemical Industrial Company from General Organization for Social Insurance.Alujain Corporation (SASE:2170) signed agreement to acquire additional 12.19% stake in National Petrochemical Industrial Company from General Organization for Social Insurance for approximately SAR 470 million on June 20, 2023. Alujain to acquire 13,044,294 shares of NATPET from GOSI in exchange for 9.06 million shares of Alujain shares and cash consideration amounted to SAR 81.21 million in exchange for 2.02 million shares owned by GOSI in NATPET. Upon completion of the transaction, Alujain's ownership in NATPET will increase from 76.40% to 88.59%, and the GOSI will receive Alujain's shares and the cash consideration mentioned above. The cash portion of the transaction will be financed through facilities from Alinma Bank. National Petrochemical Industrial Company reported revenue and net profit of SAR 1.8 billion and SAR 261 million respectively for the year 2022. The transaction is subject to the approval of the General Assembly of NATPET to distribute in-kind profits to its shareholders, which consist of all the shares owned by NATPET and its subsidiaries in Alujain amounted to (19.99 million) shares, obtaining any necessary or appropriate approvals in relation to the transaction. Alujain Corporation (SASE:2170) completed the acquisition of additional 12.19% stake in National Petrochemical Industrial Company from General Organization for Social Insurance on November 28, 2023.
분석 기사 • Oct 24Alujain Corporation's (TADAWUL:2170) Subdued P/S Might Signal An OpportunityWhen close to half the companies operating in the Chemicals industry in Saudi Arabia have price-to-sales ratios (or...
Reported Earnings • Aug 09Second quarter 2023 earnings released: EPS: ر.س0.34 (vs ر.س1.28 in 2Q 2022)Second quarter 2023 results: EPS: ر.س0.34 (down from ر.س1.28 in 2Q 2022). Revenue: ر.س401.9m (down 30% from 2Q 2022). Net income: ر.س16.8m (down 73% from 2Q 2022). Profit margin: 4.2% (down from 11% in 2Q 2022). The decrease in margin was driven by lower revenue.
공시 • Jul 14Alujain Corporation (SASE:2170) signed an share purchase agreement to acquire additional 16.03% stake in National Petrochemical Industrial Company from shareholders of NATPET for SAR 810 million.Alujain Corporation (SASE:2170) signed an share purchase agreement to acquire additional 16.03% stake in National Petrochemical Industrial Company from shareholders of NATPET for SAR 810 million on July 14, 2023. Alujain to acquire 17,152,451 shares from some shareholders of NATPET. The transaction will be financed through Islamic Murabaha facilities from Alinma Bank. Post transaction Alujain Corporation increased it stake from 57.4% to 73.43% in NATPET.
공시 • Jul 12Falaj Holding Company signed an agreement to acquire 98.75% of Zain Industries Company from Alujain Corporation (SASE:2170) for SAR 15.2 million.Falaj Holding Company signed an agreement to acquire 98.75% of Zain Industries Company from Alujain Corporation (SASE:2170) for SAR 15.2 million on July 10, 2023. The price of SAR 15.2 million for the fixed assets, goodwill of the company. In 2022, Zain Industries has revenues of SAR 21.9 million and Net Loss of SAR 7.02 million. The proceeds will be used for general corporate purposes. The completion of the transaction is subject to a number of preconditions, The net assets (current assets less current liabilities) will be determined, verified and paid within 120 days after the sale, based on company’s financial statements which will be prepared within 90 days and Obtaining the required regulatory approvals.
Board Change • Jul 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Independent Director Omar Alkhuwaiter was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
분석 기사 • May 23Alujain (TADAWUL:2170) Might Have The Makings Of A Multi-BaggerIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Reported Earnings • Apr 12Full year 2022 earnings released: EPS: ر.س2.42 (vs ر.س24.41 in FY 2021)Full year 2022 results: EPS: ر.س2.42 (down from ر.س24.41 in FY 2021). Revenue: ر.س1.91b (up 268% from FY 2021). Net income: ر.س119.3m (down 93% from FY 2021). Profit margin: 6.2% (down from 312% in FY 2021). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: ر.س0.38 (vs ر.س0.82 in 3Q 2021)Third quarter 2022 results: EPS: ر.س0.38 (down from ر.س0.82 in 3Q 2021). Revenue: ر.س373.4m (up ر.س366.9m from 3Q 2021). Net income: ر.س18.7m (down 67% from 3Q 2021). Profit margin: 5.0% (down from 868% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 11Third quarter 2022 earnings released: EPS: ر.س0.38 (vs ر.س0.82 in 3Q 2021)Third quarter 2022 results: EPS: ر.س0.38 (down from ر.س0.82 in 3Q 2021). Revenue: ر.س373.4m (up ر.س366.9m from 3Q 2021). Net income: ر.س18.7m (down 67% from 3Q 2021). Profit margin: 5.0% (down from 868% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.
공시 • Nov 08Alujain Corp. Announces the Receipt of Feedstock Allocation Approval from the Ministry of Energy for the Construction of Propane Gas Processing Plant in Kingdom of Saudi ArabiaAlujain Corp. announced that it has received, on 3 November 2022, the receipt of feedstock allocation approval from the Ministry of Energy for the construction of the new project in Yanbu Industrial City, Kingdom of Saudi Arabia, which includes: Propane gas processing plant (to produce propylene). Plant for the production of polypropylene, and Complex to produce polypropylene compounds and PP specialty materials. The new project, upon its completion, will produce more than 600,000 tons of polypropylene, polypropylene compounds, and specialized construction materials from Polypropylene derivatives, in addition to about 25,000 tons of salable hydrogen annually. The new project will also include a grid for the propylene and polypropylene production units connecting the current company (National Petrochemical Industrial Company -NATPET- - subsidiary company) two processing plants with the two production units in the new project to increase reliability and efficiency and improve the economies of the two companies. The total cost of the new project is estimated at about SAR 7.5 billion ($2 billion). It is expected to start operation in the first half of 2026. The project will also include entering into a strategic partnership with a leading global partner in the propylene and polypropylene industry. This partnership will enable the transfer of required technologies and know-how capabilities for the new project, including the establishment of an R&D center for the specialty products (PP compounding and specialized plastic materials) which will contribute to meeting the needs of the local market, and create future localization opportunities for specialized construction materials and specialty plastic materials covering medical applications, automotive industry and batteries manufacturing.
분석 기사 • Oct 31Alujain (TADAWUL:2170) Might Have The Makings Of A Multi-BaggerIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Reported Earnings • Aug 13Second quarter 2022 earnings released: EPS: ر.س1.28 (vs ر.س1.33 in 2Q 2021)Second quarter 2022 results: EPS: ر.س1.28 (down from ر.س1.33 in 2Q 2021). Revenue: ر.س574.6m (up ر.س569.4m from 2Q 2021). Net income: ر.س63.0m (down 32% from 2Q 2021). Profit margin: 11% (down from 1,753% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jun 26Upcoming dividend of ر.س1.50 per shareEligible shareholders must have bought the stock before 03 July 2022. Payment date: 20 July 2022. Payout ratio is a comfortable 3.8% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Saudi dividend payers (4.7%). Lower than average of industry peers (4.8%).
공시 • Jun 06Alujain Holding Corp. Announces the Distribution of Cash Dividend for the First Half of 2022, Payable on July 5, 2022Alujain Holding Corp. announced the Board of Directors decision to distribute cash dividends to SAR 1.5 to the Share Par Value to shareholders for the first half of 2022. The eligibility of dividends shall be for the shareholders at the closing of trading on June 30, 2022 and as per the registered shareholders in the register of the Securities Depository Center at the end of the 2nd trading day following the eligibility date. Distribution Date is July 5, 2022.
Reported Earnings • May 27First quarter 2022 earnings released: EPS: ر.س1.13 (vs ر.س0.87 in 1Q 2021)First quarter 2022 results: EPS: ر.س1.13. Revenue: ر.س509.4m (up ر.س504.6m from 1Q 2021). Net income: ر.س55.8m (down 7.5% from 1Q 2021). Profit margin: 11% (down from 1,268% in 1Q 2021).
Reported Earnings • Apr 12Full year 2021 earnings released: EPS: ر.س23.44 (vs ر.س3.00 in FY 2020)Full year 2021 results: EPS: ر.س23.44 (up from ر.س3.00 in FY 2020). Revenue: ر.س519.3m (up ر.س504.9m from FY 2020). Net income: ر.س1.62b (up ر.س1.42b from FY 2020). Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS ر.س0.82 (vs ر.س0.23 in 3Q 2020)Third quarter 2021 results: Net income: ر.س56.7m (up 256% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 27Second quarter 2021 earnings released: EPS ر.س1.33 (vs ر.س2.64 in 2Q 2020)Second quarter 2021 results: Net income: ر.س92.0m (down 50% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.
공시 • Aug 19Alujain Holding Corporation (SASE:2170) signed a purchase agreement to acquire a 16% stake in National Petrochemical Industrial Company from some of NATPET shareholders for approximately SAR 810 million.Alujain Holding Corporation (SASE:2170) signed a purchase agreement to acquire a 16% stake in National Petrochemical Industrial Company from some of NATPET shareholders for approximately SAR 810 million on August 16, 2021. Under the terms, Alujain Holding Corporation will acquire 17.152451 million shares representing 16% of total shares. The transaction will be financed through a recently obtained Islamic Murabaha loan worth SAR 1 billion from Alinma Bank. For the financial year ended on December 31, 2020 National Petrochemical Industrial Company reported revenue of SAR 1,207 million and net profit of SAR 412 million.
Reported Earnings • May 10First quarter 2021 earnings released: EPS ر.س0.87 (vs ر.س0.67 loss in 1Q 2020)First quarter 2021 results: Net income: ر.س60.3m (up ر.س106.7m from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
Executive Departure • Apr 03Independent Director has left the companyOn the 31st of March, Ali bin Abdulaziz Al-Turki's tenure in the role of Independent Director ended. We don't have any record of a personal shareholding under Ali's name. Ali is the only executive to leave the company over the last 12 months.
공시 • Mar 15Alujain Holding Corporation Announces Board ChangesAlujain Holding Corp. announces the resignation of independent member of Board of Directors, Eng. Ali bin Abdulaziz Al-Turki, as he submitted his resignation on March 11, 2021 due to his work obligations. The Board of Directors approved by circulation the resignation on 14.03.2021 and the resignation is valid from the end of March 31, 2021.
Reported Earnings • Mar 10Full year 2020 earnings released: EPS ر.س3.00 (vs ر.س2.76 in FY 2019)Full year 2020 results: Net income: ر.س207.3m (up 8.4% from FY 2019). Over the last 3 years on average, earnings per share has increased by 33% per year whereas the company’s share price has increased by 30% per year.
Is New 90 Day High Low • Feb 26New 90-day high: ر.س51.40The company is up 5.0% from its price of ر.س49.00 on 26 November 2020. The Saudi market is down 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Chemicals industry, which is up 13% over the same period.
분석 기사 • Dec 17Here's Why We Don't Think Alujain Holding's (TADAWUL:2170) Statutory Earnings Reflect Its Underlying Earnings PotentialMany investors consider it preferable to invest in profitable companies over unprofitable ones, because profitability...
Is New 90 Day High Low • Nov 24New 90-day high: ر.س51.60The company is up 39% from its price of ر.س37.15 on 26 August 2020. The Saudi market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 8.0% over the same period.
Valuation Update With 7 Day Price Move • Nov 13Market bids up stock over the past weekAfter last week's 17% share price gain to ر.س47.30, the stock is trading at a trailing P/E ratio of 5.4x, up from the previous P/E ratio of 4.7x. This compares to an average P/E of 23x in the Chemicals industry in Saudi Arabia. Total returns to shareholders over the past three years are 139%.
Reported Earnings • Nov 07Third quarter 2020 earnings released: EPS ر.س0.23Third quarter 2020 results: Net income: ر.س15.9m (up ر.س124.4m from 3Q 2019).