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4030

National Shipping Company of Saudi Arabia SASE:4030 Stock Report

Last Price

ر.س24.76

Market Cap

ر.س12.2b

7D

3.6%

1Y

-18.7%

Updated

07 Aug, 2022

Data

Company Financials
4030 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance1/6
Financial Health2/6
Dividends3/6

4030 Stock Overview

The National Shipping Company of Saudi Arabia, together with its subsidiaries, purchases, sells, and operates vessels for the transportation of cargo in the Kingdom of Saudi Arabia.

National Shipping Company of Saudi Arabia Competitors

Price History & Performance

Summary of all time highs, changes and price drops for National Shipping Company of Saudi Arabia
Historical stock prices
Current Share Priceر.س24.76
52 Week Highر.س30.96
52 Week Lowر.س18.46
Beta0.16
1 Month Change20.43%
3 Month Change-12.57%
1 Year Change-18.66%
3 Year Change14.63%
5 Year Change-4.42%
Change since IPO300.22%

Recent News & Updates

Jun 22
National Shipping Company of Saudi Arabia (TADAWUL:4030) May Have Issues Allocating Its Capital

National Shipping Company of Saudi Arabia (TADAWUL:4030) May Have Issues Allocating Its Capital

What financial metrics can indicate to us that a company is maturing or even in decline? More often than not, we'll see...

Mar 02
National Shipping Company of Saudi Arabia (TADAWUL:4030) Is Finding It Tricky To Allocate Its Capital

National Shipping Company of Saudi Arabia (TADAWUL:4030) Is Finding It Tricky To Allocate Its Capital

When we're researching a company, it's sometimes hard to find the warning signs, but there are some financial metrics...

Shareholder Returns

4030SA Oil and GasSA Market
7D3.6%0.01%0.5%
1Y-18.7%23.3%18.2%

Return vs Industry: 4030 underperformed the SA Oil and Gas industry which returned 23.3% over the past year.

Return vs Market: 4030 underperformed the SA Market which returned 18.2% over the past year.

Price Volatility

Is 4030's price volatile compared to industry and market?
4030 volatility
4030 Average Weekly Movement4.4%
Oil and Gas Industry Average Movement4.4%
Market Average Movement5.1%
10% most volatile stocks in SA Market8.0%
10% least volatile stocks in SA Market3.2%

Stable Share Price: 4030 is not significantly more volatile than the rest of SA stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 4030's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1978n/aAhmed Al-Subaeyhttps://www.bahri.sa

The National Shipping Company of Saudi Arabia, together with its subsidiaries, purchases, sells, and operates vessels for the transportation of cargo in the Kingdom of Saudi Arabia. The company operates through Transportation of Oil, Transportation of Chemicals, Logistics, and Transportation of Dry Bulk segments. It transports crude oil, petrochemical products, and liquified petroleum gas; provides technical ship management and logistics services; and packs and stores grain.

National Shipping Company of Saudi Arabia Fundamentals Summary

How do National Shipping Company of Saudi Arabia's earnings and revenue compare to its market cap?
4030 fundamental statistics
Market Capر.س12.19b
Earnings (TTM)ر.س302.89m
Revenue (TTM)ر.س6.44b

40.2x

P/E Ratio

1.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
4030 income statement (TTM)
Revenueر.س6.44b
Cost of Revenueر.س5.82b
Gross Profitر.س614.90m
Other Expensesر.س312.02m
Earningsر.س302.89m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.62
Gross Margin9.55%
Net Profit Margin4.70%
Debt/Equity Ratio95.6%

How did 4030 perform over the long term?

See historical performance and comparison

Dividends

6.5%

Current Dividend Yield

260%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 4030 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 4030?

Other financial metrics that can be useful for relative valuation.

4030 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3.4x
Enterprise Value/EBITDA12.8x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 4030's PE Ratio compare to its peers?

4030 PE Ratio vs Peers
The above table shows the PE ratio for 4030 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average14.6x
2380 Rabigh Refining and Petrochemical
14.8x6.7%ر.س31.3b
4200 Aldrees Petroleum and Transport Services
26.8x26.7%ر.س5.6b
GLNG Golar LNG
6.4x-30.9%US$2.5b
8088 Iwatani
10.5x-0.4%JP¥314.6b
4030 National Shipping Company of Saudi Arabia
40.2xn/aر.س12.2b

Price-To-Earnings vs Peers: 4030 is expensive based on its Price-To-Earnings Ratio (40.2x) compared to the peer average (14.6x).


Price to Earnings Ratio vs Industry

How does 4030's PE Ratio compare vs other companies in the Asian Oil and Gas Industry?

Price-To-Earnings vs Industry: 4030 is expensive based on its Price-To-Earnings Ratio (40.2x) compared to the SA Oil and Gas industry average (26.9x)


Price to Earnings Ratio vs Fair Ratio

What is 4030's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

4030 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio40.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 4030's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 4030 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 4030 (SAR24.76) is trading above our estimate of fair value (SAR8.95)

Significantly Below Fair Value: 4030 is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-2.7%

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 National Shipping Company of Saudi Arabia 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.


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  • Take a look at our analysis of 4030’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.

Past Performance

How has National Shipping Company of Saudi Arabia performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-6.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 4030 has high quality earnings.

Growing Profit Margin: 4030's current net profit margins (4.7%) are lower than last year (9%).


Past Earnings Growth Analysis

Earnings Trend: 4030's earnings have declined by 6.3% per year over the past 5 years.

Accelerating Growth: 4030's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 4030 had negative earnings growth (-36.1%) over the past year, making it difficult to compare to the Oil and Gas industry average (38.6%).


Return on Equity

High ROE: 4030's Return on Equity (3.5%) is considered low.


Discover strong past performing companies

Financial Health

How is National Shipping Company of Saudi Arabia's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 4030's short term assets (SAR4.3B) do not cover its short term liabilities (SAR6.8B).

Long Term Liabilities: 4030's short term assets (SAR4.3B) do not cover its long term liabilities (SAR5.2B).


Debt to Equity History and Analysis

Debt Level: 4030's net debt to equity ratio (85.4%) is considered high.

Reducing Debt: 4030's debt to equity ratio has reduced from 99.6% to 95.6% over the past 5 years.

Debt Coverage: 4030's debt is not well covered by operating cash flow (6.1%).

Interest Coverage: 4030's interest payments on its debt are well covered by EBIT (3.2x coverage).


Balance Sheet


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Dividend

What is National Shipping Company of Saudi Arabia current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


6.46%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 4030's dividend (6.46%) is higher than the bottom 25% of dividend payers in the SA market (1.81%).

High Dividend: 4030's dividend (6.46%) is in the top 25% of dividend payers in the SA market (4.36%)


Stability and Growth of Payments

Stable Dividend: 4030's dividend payments have been volatile in the past 10 years.

Growing Dividend: 4030's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (260%), 4030's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: 4030 is paying a dividend but the company has no free cash flows.


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Management

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

4.4yrs

Average management tenure


CEO

Ahmed Al-Subaey

0.33

Tenure

ر.س330,000

Compensation

Eng. Ahmed Ali Al-Subaey has been an Executive Director and Chief Executive Officer at The National Shipping Company of Saudi Arabia since April 01, 2022. He had been a Non-Executive Director of The Nation...


Leadership Team

Experienced Management: 4030's management team is considered experienced (4.4 years average tenure).


Board Members

Experienced Board: 4030's board of directors are considered experienced (4.3 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

The National Shipping Company of Saudi Arabia's employee growth, exchange listings and data sources


Key Information

  • Name: The National Shipping Company of Saudi Arabia
  • Ticker: 4030
  • Exchange: SASE
  • Founded: 1978
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Implied Market Cap: ر.س12.187b
  • Shares outstanding: 492.19m
  • Website: https://www.bahri.sa

Location

  • The National Shipping Company of Saudi Arabia
  • Olaya Towers, Tower B
  • 12th-15th Floors
  • Riyadh
  • 1142
  • Saudi Arabia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/07 00:00
End of Day Share Price2022/08/07 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.