SASE:2010

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Saudi Basic Industries

Executive Summary

Saudi Basic Industries Corporation manufactures, markets, and distributes chemicals, polymers, plastics, agri-nutrients, and metal products worldwide. More Details


Snowflake Analysis

Flawless balance sheet with moderate growth potential.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 2010 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.2%

2010

-1.2%

SA Chemicals

-0.2%

SA Market


1 Year Return

-4.3%

2010

-1.0%

SA Chemicals

-0.6%

SA Market

Return vs Industry: 2010 underperformed the SA Chemicals industry which returned -0.3% over the past year.

Return vs Market: 2010 underperformed the SA Market which returned -0.4% over the past year.


Shareholder returns

2010IndustryMarket
7 Day-1.2%-1.2%-0.2%
30 Day0.3%1.2%4.7%
90 Day1.3%5.6%12.0%
1 Year0.4%-4.3%3.6%-1.0%2.7%-0.6%
3 Year-2.1%-13.6%7.0%-5.0%18.0%6.8%
5 Year43.3%13.8%40.1%14.2%31.6%10.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Saudi Basic Industries undervalued compared to its fair value and its price relative to the market?

41.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 2010 (SAR88.8) is trading below our estimate of fair value (SAR151.99)

Significantly Below Fair Value: 2010 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 2010 is unprofitable, so we can't compare its PE Ratio to the SA Chemicals industry average.

PE vs Market: 2010 is unprofitable, so we can't compare its PE Ratio to the SA market.


Price to Earnings Growth Ratio

PEG Ratio: 2010 is unprofitable, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: 2010's PB Ratio (1.6x) is in line with the SA Chemicals industry average.


Next Steps

Future Growth

How is Saudi Basic Industries forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

56.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2010 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (8.8%).

Earnings vs Market: 2010 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: 2010's is expected to become profitable in the next 3 years.

Revenue vs Market: 2010's revenue (7.5% per year) is forecast to grow slower than the SA market (13.1% per year).

High Growth Revenue: 2010's revenue (7.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 2010's Return on Equity is forecast to be low in 3 years time (8%).


Next Steps

Past Performance

How has Saudi Basic Industries performed over the past 5 years?

-17.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2010 is currently unprofitable.

Growing Profit Margin: 2010 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 2010 is unprofitable, and losses have increased over the past 5 years at a rate of 17.1% per year.

Accelerating Growth: Unable to compare 2010's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 2010 is unprofitable, making it difficult to compare its past year earnings growth to the Chemicals industry (-21.3%).


Return on Equity

High ROE: 2010 has a negative Return on Equity (-1.44%), as it is currently unprofitable.


Next Steps

Financial Health

How is Saudi Basic Industries's financial position?


Financial Position Analysis

Short Term Liabilities: 2010's short term assets (SAR76.5B) exceed its short term liabilities (SAR39.0B).

Long Term Liabilities: 2010's short term assets (SAR76.5B) exceed its long term liabilities (SAR57.0B).


Debt to Equity History and Analysis

Debt Level: 2010 is debt free.

Reducing Debt: 2010 has no debt compared to 5 years ago when its debt to equity ratio was 35.6%.

Debt Coverage: 2010 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 2010 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Saudi Basic Industries's current dividend yield, its reliability and sustainability?

3.38%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 2010's dividend (3.38%) is higher than the bottom 25% of dividend payers in the SA market (2.32%).

High Dividend: 2010's dividend (3.38%) is low compared to the top 25% of dividend payers in the SA market (5.22%).


Stability and Growth of Payments

Stable Dividend: 2010's dividend payments have been volatile in the past 10 years.

Growing Dividend: 2010's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (918.3%), 2010's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 2010's dividends in 3 years are forecast to be covered by earnings (87% payout ratio).


Next Steps

Management

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

5.3yrs

Average management tenure


CEO

Yousef Bin Abdullah Al-Benyan

5.67yrs

Tenure

ر.س477,000

Compensation

Mr. Yousef Bin Abdullah Al-Benyan serves as Non-Executive Chairman at Saudi Arabian Fertilizer Company since 2020. He is Chief Executive Officer of Saudi Basic Industries Corporation and has been its Vice ...


Leadership Team

NamePositionTenureCompensationOwnership
Yousef Bin Abdullah Al-Benyan
Vice Chairman & CEO5.67yrsر.س477.00k0.0015%
SAR 3.9m
Khalid Al-Dabbagh
Executive Chairman0.25yrno datano data
Timothy Leveille
Executive Vice President of Corporate Finance2.67yrsno datano data
Bob Maughon
Executive Vice President of Technology and Innovation0.92yrno datano data
Naveena Shastri
VP & General Counsel3.67yrsno datano data
Abdulaziz Al-Oudan
Executive Vice President of Corporate Human Resources5.33yrsno datano data
Samir Al-Abdrabbuh
Executive Vice President of Agri-Nutrientsno datano datano data
Ernesto Occhiello
Executive Vice President of Specialtiesno datano datano data
Omar Al-Amoudi
Executive Vice President of Engineering & Project Management7.67yrsno datano data
Abdulrahman Al-Fageeh
Executive Vice President of Petrochemicals6.58yrsno datano data
Ahmed Al-Shaikh
Executive Vice President of Manufacturing5.33yrsno datano data
Abdulrahman Shamsaddin
Executive Vice President of Shared Services0.67yrno datano data

5.3yrs

Average Tenure

Experienced Management: 2010's management team is seasoned and experienced (5.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Yousef Bin Abdullah Al-Benyan
Vice Chairman & CEO5.67yrsر.س477.00k0.0015%
SAR 3.9m
Khalid Al-Dabbagh
Executive Chairman0.25yrno datano data
Calum MacLean
Non-Executive Director2.92yrsر.س483.00kno data
Khaled bin Hamza Nahas
Independent Directorno dataر.س507.00k0.043%
SAR 115.6m
Nader Al Wahaibi
Independent Director2.42yrsر.س454.37k0.000010%
SAR 26.6k
Abdullah Bin Mohammed Al-Issa
Independent Director13.42yrsر.س525.00k0.010%
SAR 26.6m
Mohammed bin Talal Bin Al-Nahhas
Independent Director4yrsر.س498.00kno data
Ziad Al-Murshed
Non-Executive Director0.25yrno datano data
Olivier Thorel
Non- Executive Director0.25yrno datano data

2.7yrs

Average Tenure

Experienced Board: 2010's board of directors are not considered experienced ( 2.7 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

Saudi Basic Industries Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Saudi Basic Industries Corporation
  • Ticker: 2010
  • Exchange: SASE
  • Founded: 1976
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Market Cap: ر.س266.400b
  • Shares outstanding: 3.00b
  • Website: https://www.sabic.com

Number of Employees


Location

  • Saudi Basic Industries Corporation
  • PO Box 5101
  • Qurtubah district
  • Riyadh
  • 11422
  • Saudi Arabia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2010SASE (Saudi Arabian Stock Exchange)YesOrdinary SharesSASARDec 1995

Biography

Saudi Basic Industries Corporation manufactures, markets, and distributes chemicals, polymers, plastics, agri-nutrients, and metal products worldwide. The company operates through Petrochemicals & Specialt ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/25 00:53
End of Day Share Price2020/09/24 00:00
Earnings2020/06/30
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.