SASE:4030

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National Shipping Company of Saudi Arabia

Market Cap

ر.س15.4b

Last Updated

2021/06/17 15:43 UTC

Data Sources

Company Financials

Executive Summary

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


Snowflake Analysis

Good value with proven track record and pays a dividend.

Share Price & News

How has National Shipping Company of Saudi Arabia's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 4030 is less volatile than 75% of SA stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: 4030's weekly volatility (2%) has been stable over the past year.


Market Performance


7 Day Return

-1.3%

4030

-0.1%

SA Oil and Gas

-0.07%

SA Market


1 Year Return

10.5%

4030

7.0%

SA Oil and Gas

15.5%

SA Market

Return vs Industry: 4030 exceeded the SA Oil and Gas industry which returned 8.4% over the past year.

Return vs Market: 4030 underperformed the SA Market which returned 17% over the past year.


Shareholder returns

4030IndustryMarket
7 Day-1.3%-0.1%-0.07%
30 Day2.8%-0.6%0.7%
90 Day0.4%0.5%4.1%
1 Year16.2%10.5%11.4%7.0%19.9%15.5%
3 Year53.1%32.1%2.5%-10.9%41.8%28.3%
5 Year24.6%-3.6%38.1%11.6%94.7%64.9%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is National Shipping Company of Saudi Arabia undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 4030 (SAR39.05) is trading below our estimate of fair value (SAR127.47)

Significantly Below Fair Value: 4030 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 4030's PE Ratio (12.9x) is in line with the Asian Oil and Gas industry average.

PE vs Market: 4030 is good value based on its PE Ratio (12.9x) compared to the SA market (32.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 4030's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 4030 is good value based on its PB Ratio (1.5x) compared to the SA Oil and Gas industry average (4.5x).


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?

7.7%

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.


Past Performance

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

-12.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 4030 has high quality earnings.

Growing Profit Margin: 4030's current net profit margins (15.9%) are higher than last year (12.4%).


Past Earnings Growth Analysis

Earnings Trend: 4030's earnings have declined by 12.2% per year over the past 5 years.

Accelerating Growth: 4030's earnings growth over the past year (38.9%) exceeds its 5-year average (-12.2% per year).

Earnings vs Industry: 4030 earnings growth over the past year (38.9%) exceeded the Oil and Gas industry 0.7%.


Return on Equity

High ROE: 4030's Return on Equity (11.8%) is considered low.


Financial Health

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


Financial Position Analysis

Short Term Liabilities: 4030's short term assets (SAR4.0B) exceed its short term liabilities (SAR2.3B).

Long Term Liabilities: 4030's short term assets (SAR4.0B) do not cover its long term liabilities (SAR8.3B).


Debt to Equity History and Analysis

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

Reducing Debt: 4030's debt to equity ratio has increased from 78.9% to 85.4% over the past 5 years.

Debt Coverage: 4030's debt is well covered by operating cash flow (37.1%).

Interest Coverage: 4030's interest payments on its debt are well covered by EBIT (7x coverage).


Balance Sheet


Dividend

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

5.12%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 4030's dividend (5.12%) is higher than the bottom 25% of dividend payers in the SA market (1.51%).

High Dividend: 4030's dividend (5.12%) is in the top 25% of dividend payers in the SA market (4.57%)


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.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (65.9%), 4030'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?

3.3yrs

Average management tenure


CEO

Abdullah bin Al-Dubaikhi

3.25yrs

Tenure

Eng. Abdullah bin Ali Al-Dubaikhi serves as the Chief Executive Officer at The National Shipping Company of Saudi Arabia since March 2018. He served as CEO of the Saudi Agricultural and Livestock Investmen...


Leadership Team

Experienced Management: 4030's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: 4030's board of directors are not considered experienced ( 2.1 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

The National Shipping Company of Saudi Arabia's company bio, 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
  • Market Cap: ر.س15.376b
  • Shares outstanding: 393.75m
  • Website: https://www.bahri.sa

Location

  • The National Shipping Company of Saudi Arabia
  • Olaya Towers, Tower B
  • 12th-15th Floors
  • Riyadh
  • 11492
  • Saudi Arabia

Listings


Biography

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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/17 15:43
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.