SASE:2030

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Saudi Arabia Refineries

Executive Summary

Saudi Arabia Refineries Co. engages in the extraction of crude oil and construction of refineries, petrochemical plants, bumpers, and refineries.

Rewards

Earnings grew by 18.5% over the past year

Risk Analysis

No risks detected for 2030 from our risk checks.


Snowflake Analysis

Flawless balance sheet with acceptable track record.

Share Price & News

How has Saudi Arabia Refineries's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 2030 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.1%

2030

0.6%

SA Oil and Gas

0.7%

SA Market


1 Year Return

-8.1%

2030

-20.9%

SA Oil and Gas

-17.9%

SA Market

Return vs Industry: 2030 exceeded the SA Oil and Gas industry which returned -21.1% over the past year.

Return vs Market: 2030 exceeded the SA Market which returned -17.9% over the past year.


Shareholder returns

2030IndustryMarket
7 Day1.1%0.6%0.7%
30 Day5.2%2.2%1.9%
90 Day8.9%4.4%5.4%
1 Year-5.1%-8.1%-16.8%-20.9%-14.5%-17.9%
3 Year15.1%8.3%-7.9%-20.0%9.3%-1.3%
5 Year-34.7%-39.5%-12.6%-28.2%-1.8%-17.5%

Price Volatility Vs. Market

How volatile is Saudi Arabia Refineries's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Saudi Arabia Refineries undervalued compared to its fair value and its price relative to the market?

30.63x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 2030 (SAR35.4) is trading above our estimate of fair value (SAR17.36)

Significantly Below Fair Value: 2030 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 2030 is poor value based on its PE Ratio (30.6x) compared to the Oil and Gas industry average (9.7x).

PE vs Market: 2030 is poor value based on its PE Ratio (30.6x) compared to the SA market (21x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 2030's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 2030 is good value based on its PB Ratio (1.6x) compared to the SA Oil and Gas industry average (1.6x).


Next Steps

Future Growth

How is Saudi Arabia Refineries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

18.6%

Forecasted Energy industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Saudi Arabia Refineries has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Saudi Arabia Refineries performed over the past 5 years?

20.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2030 has high quality earnings.

Growing Profit Margin: 2030's current net profit margins (79.7%) are lower than last year (82.4%).


Past Earnings Growth Analysis

Earnings Trend: 2030's earnings have grown significantly by 20.8% per year over the past 5 years.

Accelerating Growth: 2030's earnings growth over the past year (18.5%) is below its 5-year average (20.8% per year).

Earnings vs Industry: 2030 earnings growth over the past year (18.5%) exceeded the Oil and Gas industry -4.3%.


Return on Equity

High ROE: 2030's Return on Equity (5.3%) is considered low.


Next Steps

Financial Health

How is Saudi Arabia Refineries's financial position?


Financial Position Analysis

Short Term Liabilities: 2030's short term assets (SAR41.0M) exceed its short term liabilities (SAR9.8M).

Long Term Liabilities: 2030's short term assets (SAR41.0M) exceed its long term liabilities (SAR558.6K).


Debt to Equity History and Analysis

Debt Level: 2030 is debt free.

Reducing Debt: 2030 has not had any debt for past 5 years.

Debt Coverage: 2030 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 2030 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Saudi Arabia Refineries's current dividend yield, its reliability and sustainability?

2.12%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 2030's dividend (2.12%) isn’t notable compared to the bottom 25% of dividend payers in the SA market (2.68%).

High Dividend: 2030's dividend (2.12%) is low compared to the top 25% of dividend payers in the SA market (6.41%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, 2030 has been paying a dividend for less than 10 years.

Growing Dividend: 2030's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (64.9%), 2030's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

8.2yrs

Average board tenure


CEO

Muhammad Bin Turki Aal Saud

8.17yrs

Tenure

Prince. Muhammad Bin Khalid Bin Turki Aal Saud has been Vice-Chairman and Managing Director at Saudi Arabia Refineries Company since May 4, 2012 and also served as its Manager. 


Board Members

NamePositionTenureCompensationOwnership
Muhammad Bin Turki Aal Saud
Vice-Chairman & MD8.17yrsno datano data
Saoud Abdul Aziz Al-Suleiman
Independent Directorno datano datano data
Abdullah Al Suood
Chairman8.17yrsno datano data
Mohammad Rafh
Independent Directorno datano data0.025% SAR132.8k
Mohammed Al Nabit
Independent Directorno datano datano data
Abdul Abdul Kader Wali
Independent Directorno datano data0.0080% SAR42.5k
Khaled Al Hamdan
Directorno datano datano data
Omar Al Maliki
Independent Director4.42yrsno data0.0067% SAR35.4k

8.2yrs

Average Tenure

Experienced Board: 2030's board of directors are considered experienced (8.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Saudi Arabia Refineries Co.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Saudi Arabia Refineries Co.
  • Ticker: 2030
  • Exchange: SASE
  • Founded:
  • Industry: Oil and Gas Refining and Marketing
  • Sector: Energy
  • Market Cap: ر.س531.000m
  • Shares outstanding: 15.00m
  • Website: https://www.almasafi.com.sa

Location

  • Saudi Arabia Refineries Co.
  • Adham Center
  • Al-Ruwais
  • Jeddah
  • 23215
  • Saudi Arabia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2030SASE (Saudi Arabian Stock Exchange)YesCommon SharesSASARApr 2006

Biography

Saudi Arabia Refineries Co. engages in the extraction of crude oil and construction of refineries, petrochemical plants, bumpers, and refineries. It is also involved in the purchase and sale of lands and other real estate; and management and leasing of non-residential real estate properties, as well as dealing in securities. Saudi Arabia Refineries Co. is based in Jeddah, the Kingdom of Saudi Arabia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/04 16:36
End of Day Share Price2020/07/02 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.