SASE:2380

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Rabigh Refining and Petrochemical

Market Cap

ر.س19.4b

Last Updated

2021/06/17 15:58 UTC

Data Sources

Company Financials +

Executive Summary

Rabigh Refining and Petrochemical Company engages in the development, construction, and operation of an integrated refining and petrochemical complex in the Middle East, the Asia Pacific, and internationally. More Details


Snowflake Analysis

Reasonable growth potential and overvalued.

Share Price & News

How has Rabigh Refining and Petrochemical's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 2380 is not significantly more volatile than the rest of SA stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 2380's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

1.5%

2380

-0.1%

SA Oil and Gas

-0.07%

SA Market


1 Year Return

59.0%

2380

7.0%

SA Oil and Gas

15.5%

SA Market

Return vs Industry: 2380 exceeded the SA Oil and Gas industry which returned 7% over the past year.

Return vs Market: 2380 exceeded the SA Market which returned 15.5% over the past year.


Shareholder returns

2380IndustryMarket
7 Day1.5%-0.1%-0.07%
30 Day-1.1%-0.6%0.7%
90 Day29.7%0.5%4.1%
1 Year59.0%59.0%11.4%7.0%19.9%15.5%
3 Year-20.9%-20.9%2.5%-10.9%41.8%28.3%
5 Year95.4%92.2%38.1%11.6%94.7%64.9%

Long-Term Price Volatility Vs. Market

How volatile is Rabigh Refining and Petrochemical's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Rabigh Refining and Petrochemical undervalued compared to its fair value and its price relative to the market?

2.84x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: 2380 (SAR22.2) is trading above our estimate of fair value (SAR2.08)

Significantly Below Fair Value: 2380 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 2380 is unprofitable, so we can't compare its PE Ratio to the Asian Oil and Gas industry average.

PE vs Market: 2380 is unprofitable, so we can't compare its PE Ratio to the SA market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 2380's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 2380 is good value based on its PB Ratio (2.8x) compared to the SA Oil and Gas industry average (4.5x).


Future Growth

How is Rabigh Refining and Petrochemical forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

46.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2380 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (8.8%).

Earnings vs Market: 2380 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: 2380's is expected to become profitable in the next 3 years.

Revenue vs Market: 2380's revenue (12% per year) is forecast to grow faster than the SA market (3.9% per year).

High Growth Revenue: 2380's revenue (12% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 2380's Return on Equity is forecast to be low in 3 years time (5.4%).


Past Performance

How has Rabigh Refining and Petrochemical performed over the past 5 years?

-39.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2380 is currently unprofitable.

Growing Profit Margin: 2380 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 2380 is unprofitable, and losses have increased over the past 5 years at a rate of 39.6% per year.

Accelerating Growth: Unable to compare 2380's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 2380 is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (0.7%).


Return on Equity

High ROE: 2380 has a negative Return on Equity (-19.46%), as it is currently unprofitable.


Financial Health

How is Rabigh Refining and Petrochemical's financial position?


Financial Position Analysis

Short Term Liabilities: 2380's short term assets (SAR12.1B) do not cover its short term liabilities (SAR21.6B).

Long Term Liabilities: 2380's short term assets (SAR12.1B) do not cover its long term liabilities (SAR43.9B).


Debt to Equity History and Analysis

Debt Level: 2380's debt to equity ratio (623.9%) is considered high.

Reducing Debt: 2380's debt to equity ratio has increased from 474.6% to 623.9% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: 2380 has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if 2380 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Dividend

What is Rabigh Refining and Petrochemical current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 2380's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 2380's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 2380's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 2380's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 2380 is not paying a notable dividend for the SA market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 2380's dividend in 3 years as they are not forecast to pay a notable one for the SA market.


Next Steps

Management

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

4.8yrs

Average management tenure


CEO

Othman Al-Ghamdi

0.42

Tenure

Eng. Othman Ali Al-Ghamdi has been Chief Executive Officer and Executive Director Rabigh Refining and Petrochemical Company since January 1, 2021 and serves as its President. He had been Chief Executive Of...


Leadership Team

Experienced Management: 2380's management team is considered experienced (4.8 years average tenure).


Board Members

Experienced Board: 2380's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


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

Rabigh Refining and Petrochemical Company's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Rabigh Refining and Petrochemical Company
  • Ticker: 2380
  • Exchange: SASE
  • Founded: 2005
  • Industry: Oil and Gas Refining and Marketing
  • Sector: Energy
  • Market Cap: ر.س19.447b
  • Shares outstanding: 876.00m
  • Website: https://www.petrorabigh.com

Location

  • Rabigh Refining and Petrochemical Company
  • PO Box 101
  • Rabigh
  • 21911
  • Saudi Arabia

Listings


Biography

Rabigh Refining and Petrochemical Company engages in the development, construction, and operation of an integrated refining and petrochemical complex in the Middle East, the Asia Pacific, and international...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/17 15:58
End of Day Share Price2021/06/17 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.