2380

Rabigh Refining and PetrochemicalSASE:2380 Stock Report

Market Cap

ر.س23.6b

7D

-0.6%

1Y

88.9%

Updated

22 Sep, 2021

Data

Company Financials +
2380 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance3/6
Financial Health0/6
Dividends0/6

2380 Overview

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.

Price History & Performance

Summary of all time highs, changes and price drops for Rabigh Refining and Petrochemical
Historical stock prices
Current Share Priceر.س26.90
52 Week Highر.س11.92
52 Week Lowر.س28.35
Beta0.84
1 Month Change16.65%
3 Month Change21.50%
1 Year Change88.90%
3 Year Change15.75%
5 Year Change192.07%
Change since IPO-45.38%

Recent News & Updates

May 28
Returns On Capital Are Showing Encouraging Signs At Rabigh Refining and Petrochemical (TADAWUL:2380)

Returns On Capital Are Showing Encouraging Signs At Rabigh Refining and Petrochemical (TADAWUL:2380)

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...

Apr 05
Bullish: Analysts Just Made An Incredible Upgrade To Their Rabigh Refining and Petrochemical Company (TADAWUL:2380) Forecasts

Bullish: Analysts Just Made An Incredible Upgrade To Their Rabigh Refining and Petrochemical Company (TADAWUL:2380) Forecasts

Celebrations may be in order for Rabigh Refining and Petrochemical Company ( TADAWUL:2380 ) shareholders, with the...

Shareholder Returns

2380SA Oil and GasSA Market
7D-0.6%-0.009%-0.2%
1Y88.9%-4.4%5.2%

Return vs Industry: 2380 exceeded the SA Oil and Gas industry which returned -4.4% over the past year.

Return vs Market: 2380 exceeded the SA Market which returned 5.2% over the past year.

Price Volatility

Is 2380's price volatile compared to industry and market?
2380 volatility
2380 Beta0.84
Industry Beta0.89
Market Beta1

Stable Share Price: 2380 is more volatile than 75% of SA stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 2380's weekly volatility (5%) has been stable over the past year, but is still higher than 75% of SA stocks.

About the Company

FoundedEmployeesCEOWebsite
2005n/aOthman Al-Ghamdihttps://www.petrorabigh.com

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. The company operates through Refined Products and Petrochemicals segments. It offers polymers, such as linear low density polyethylene, high density polyethylene, homopolymer polypropylene, impact copolymer polypropylene, ethylene vinyl acetate, ethylene propylene rubber, termo plastic olefin TPO, poly methyl methacrylate, and polyamide 6; and monomers, including propylene oxide, methyl methacrylate, phenol, acetone, para xylene, BENZEN, and mono ethylene glycol.

Rabigh Refining and Petrochemical Fundamentals Summary

How do Rabigh Refining and Petrochemical's earnings and revenue compare to its market cap?
2380 fundamental statistics
Market Capر.س23.56b
Earnings (TTM)ر.س817.11m
Revenue (TTM)ر.س36.35b

28.8x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
2380 income statement (TTM)
Revenueر.س36.35b
Cost of Revenueر.س32.85b
Gross Profitر.س3.50b
Expensesر.س2.68b
Earningsر.س817.11m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.93
Gross Margin9.63%
Net Profit Margin2.25%
Debt/Equity Ratio557.8%

How did 2380 perform over the long term?

See historical performance and comparison

Valuation

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

28.84x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 2380 (SAR26.9) is trading above our estimate of fair value (SAR2.77)

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


Price To Earnings Ratio

PE vs Industry: 2380 is good value based on its PE Ratio (28.8x) compared to the SA Oil and Gas industry average (31.2x).

PE vs Market: 2380 is good value based on its PE Ratio (28.8x) compared to the SA market (31x).


Price to Earnings Growth Ratio

PEG Ratio: 2380's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: 2380 is good value based on its PB Ratio (3.1x) compared to the SA Oil and Gas industry average (3.9x).


Future Growth

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

-35.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2380's earnings are forecast to decline over the next 3 years (-35% per year).

Earnings vs Market: 2380's earnings are forecast to decline over the next 3 years (-35% per year).

High Growth Earnings: 2380's earnings are forecast to decline over the next 3 years.

Revenue vs Market: 2380's revenue (6.1% per year) is forecast to grow faster than the SA market (3.1% per year).

High Growth Revenue: 2380's revenue (6.1% 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 (7.4%).


Past Performance

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

-36.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2380 has high quality earnings.

Growing Profit Margin: 2380 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 2380 has become profitable over the past 5 years, growing earnings by -36.8% per year.

Accelerating Growth: 2380 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 2380 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (12.3%).


Return on Equity

High ROE: 2380's Return on Equity (10.8%) is considered low.


Financial Health

How is Rabigh Refining and Petrochemical's financial position?


Financial Position Analysis

Short Term Liabilities: 2380's short term assets (SAR14.3B) do not cover its short term liabilities (SAR22.7B).

Long Term Liabilities: 2380's short term assets (SAR14.3B) do not cover its long term liabilities (SAR43.4B).


Debt to Equity History and Analysis

Debt Level: 2380's debt to equity ratio (557.8%) is considered high.

Reducing Debt: 2380's debt to equity ratio has increased from 466.8% to 557.8% over the past 5 years.

Debt Coverage: 2380's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 2380's interest payments on its debt are not well covered by EBIT (1.9x coverage).


Balance Sheet


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?

5.1yrs

Average management tenure


CEO

Othman Al-Ghamdi

0.67

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 seasoned and experienced (5.1 years average tenure).


Board Members

Experienced Board: 2380's board of directors are considered experienced (3 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

Rabigh Refining and Petrochemical Company's 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.س23.564b
  • Shares outstanding: 876.00m
  • Website: https://www.petrorabigh.com

Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/22 15:19
End of Day Share Price2021/09/22 00:00
Earnings2021/06/30
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.