Saudi Basic Industries
Market Cap
ر.س278.7b
Last Updated
2020/01/21 16:37 UTC
Data Sources
Company Financials +
Executive Summary
Saudi Basic Industries Corporation manufactures, markets, and distributes chemicals, polymers, plastics, agri-nutrients, and metal products worldwide.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet second-rate dividend payer.
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
-0.3%
2010
-0.3%
SA Chemicals
-0.6%
SA Market
1 Year Return
-23.2%
2010
-18.8%
SA Chemicals
-1.9%
SA Market
Return vs Industry: 2010 underperformed the SA Chemicals industry which returned -19.3% over the past year.
Return vs Market: 2010 underperformed the SA Market which returned -1.7% over the past year.
Shareholder returns
| 2010 | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.3% | -0.3% | -0.6% |
| 30 Day | 1.0% | 2.2% | -1.2% |
| 90 Day | 3.2% | 4.8% | 7.0% |
| 1 Year | -20.0%-23.2% | -15.5%-18.8% | 1.6%-1.9% |
| 3 Year | 10.5%-1.8% | 12.8%0.9% | 30.9%18.2% |
| 5 Year | 41.5%10.6% | 24.0%0.7% | 22.9%3.3% |
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
1 week ago | Simply Wall St
Should You Be Concerned About Saudi Basic Industries Corporation's (TADAWUL:2010) ROE?4 weeks ago | Simply Wall St
Is Saudi Basic Industries Corporation (TADAWUL:2010) Creating Value For Shareholders?Valuation
Is Saudi Basic Industries undervalued compared to its fair value and its price relative to the market?
10.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 2010 (SAR93.2) is trading below our estimate of fair value (SAR104.4)
Significantly Below Fair Value: 2010 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: 2010 is poor value based on its PE Ratio (29.2x) compared to the Chemicals industry average (18.9x).
PE vs Market: 2010 is poor value based on its PE Ratio (29.2x) compared to the SA market (24.2x).
Price to Earnings Growth Ratio
PEG Ratio: 2010 is poor value based on its PEG Ratio (1.8x)
Price to Book Ratio
PB vs Industry: 2010 is overvalued based on its PB Ratio (1.7x) compared to the SA Chemicals industry average (1.6x).
Next Steps
Future Growth
How is Saudi Basic Industries forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
17.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2010's forecast earnings growth (16.5% per year) is above the savings rate (8.5%).
Earnings vs Market: 2010's earnings (16.5% per year) are forecast to grow faster than the SA market (5.5% per year).
High Growth Earnings: 2010's earnings are forecast to grow, but not significantly.
Revenue vs Market: 2010's revenue (4% per year) is forecast to grow slower than the SA market (4.9% per year).
High Growth Revenue: 2010's revenue (4% 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 (8.4%).
Next Steps
Past Performance
How has Saudi Basic Industries performed over the past 5 years?
-5.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2010 has high quality earnings.
Growing Profit Margin: 2010's current net profit margins (6.5%) are lower than last year (13%).
Past Earnings Growth Analysis
Earnings Trend: 2010's earnings have declined by -5.3% per year over the past 5 years.
Accelerating Growth: 2010's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 2010 had negative earnings growth (-56.5%) over the past year, making it difficult to compare to the Chemicals industry average (-32.6%).
Return on Equity
High ROE: 2010's Return on Equity (7.2%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Saudi Basic Industries's financial position?
Financial Position Analysis
Short Term Liabilities: 2010's short term assets (SAR93.9B) exceed its short term liabilities (SAR31.7B).
Long Term Liabilities: 2010's short term assets (SAR93.9B) exceed its long term liabilities (SAR65.8B).
Debt to Equity History and Analysis
Debt Level: 2010's debt to equity ratio (22.5%) is considered satisfactory.
Reducing Debt: 2010's debt to equity ratio has reduced from 40% to 22.5% over the past 5 years.
Debt Coverage: 2010's debt is well covered by operating cash flow (76.1%).
Interest Coverage: 2010's interest payments on its debt are well covered by EBIT (26.4x coverage).
Balance Sheet
Inventory Level: 2010 has a high level of physical assets or inventory.
Debt Coverage by Assets: 2010's debt is covered by short term assets (assets are 2x debt).
Next Steps
Dividend
What is Saudi Basic Industries's current dividend yield, its reliability and sustainability?
4.74%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: 2010's dividend (4.72%) is higher than the bottom 25% of dividend payers in the SA market (2.19%).
High Dividend: 2010's dividend (4.72%) is low compared to the top 25% of dividend payers in the SA market (4.9%).
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 (137.8%), 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 (74% payout ratio).
Next Steps
Management
What is the CEO of Saudi Basic Industries's salary, the management and board of directors tenure and is there insider trading?
4.0yrs
Average management tenure
CEO
Yousef Bin Abdullah Al-Benyan 0
5yrs
Tenure
ر.س772,000
Compensation
Mr. Yousef Bin Abdullah Al-Benyan serves as the Chief Executive Officer of Saudi Basic Industries Corporation and has been its Vice Chairman since October 19, 2015. Mr. Bin Abdullah Al-Benyan served as an ...
Management Age and Tenure
4.0yrs
Average Tenure
Experienced Management: 2010's management team is considered experienced (4 years average tenure).
Board Age and Tenure
2.8yrs
Average Tenure
63yo
Average Age
Experienced Board: 2010's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Insider Trading
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.
Management Team
Yousef Bin Abdullah Al-Benyan
Vice Chairman & CEO
- Tenure: 5yrs
- Compensation: ر.س772.00k
Abdulrahman Al-Fageeh
Executive Vice President of Petrochemicals
- Tenure: 5.9yrs
Awadh Al-Maker
Executive Vice President of Shared Services
- Tenure: 3.3yrs
Samir Al-Abdrabbuh
Executive Vice President of Agri-Nutrients
Ernesto Occhiello
Executive Vice President of Specialties
Tim Leveille
Executive Vice President of Corporate Finance
- Tenure: 2yrs
Naveena Shastri
VP & General Counsel
- Tenure: 3yrs
Omar Al-Amoudi
Executive Vice President of Engineering & Project Management
- Tenure: 7yrs
Abdulaziz Al-Oudan
Executive Vice President of Corporate Human Resources
- Tenure: 4.7yrs
Bob Maughon
Executive Vice President of Technology and Innovation
- Tenure: 0.3yrs
Board Members
Calum MacLean (55yo)
Director
- Tenure: 2.3yrs
- Compensation: ر.س75.86k
Abdulaziz Al-Jarbou (71yo)
Chairman of the Board
Khaled bin Hamza Nahas
Independent Director
- Compensation: ر.س814.00k
Yousef Bin Abdullah Al-Benyan
Vice Chairman & CEO
- Tenure: 5yrs
- Compensation: ر.س772.00k
Roberto Gualdoni (63yo)
Director
- Tenure: 2.3yrs
- Compensation: ر.س81.86k
Nader Al-Wehibi
Director
Abdullah Bin Mohammed Al-Issa
Independent Director
- Tenure: 12.8yrs
- Compensation: ر.س814.00k
Mohammed bin Talal Bin Al-Nahhas
Independent Director
- Tenure: 3.3yrs
- Compensation: ر.س489.48k
Rashid bin Ibrahim bin Sharif
Director
- Tenure: 1yrs
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.س278.700b
- Shares outstanding: 3.00b
- Website: https://www.sabic.com
Number of Employees
Location
- Saudi Basic Industries Corporation
- Damman Highway
- Qordoba
- Riyadh
- 11422
- Saudi Arabia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 2010 | SASE (Saudi Arabian Stock Exchange) | Yes | Ordinary Shares | SA | SAR | Dec 1995 |
Biography
Saudi Basic Industries Corporation manufactures, markets, and distributes chemicals, polymers, plastics, agri-nutrients, and metal products worldwide. The company operates through Petrochemicals, Agri-Nutrients, and Hadeed segments. It offers polymers, such as acrylonitrile-butadiene-styrene, metallocene polyethylene, carbon black, polybutylene terephthalate, polybutylene terephthalate, polycarbonate, polyethylene, polyethylene terephthalate, polymethyl methacrylate, polyoxymethylene, polypropylene, polystyrene, polyvinyl chloride, and synthetic rubbers. The company also provides engineering thermoplastic resins and compounds, composites, functional surfaces substrates, ethylene oxide derivatives, additives, and films and sheets, as well as products under the NORYL, ULTEM, EXTEM, and LNP brands. In addition, it offers chemicals, including aromatics, chlor-alkali, ethanolamines, glycols, linear alpha olefins, natural detergent alcohol, olefins and gases, OXO alcohols and performance monomers, and oxygenates. Further, the company provides fertilizers comprising urea, ammonia, and a portfolio of nitrogen-based inorganic products; produces steel products, such as hot and cold rolled flat products, and long products; operates e-business portal for sales; and offers color services under the ColorXpress name. Its polymers are used in automotive, aviation, electronics, construction, alternative energy, and health care industries. The company was founded in 1976 and is headquartered in Riyadh, Saudi Arabia.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/21 16:37 |
| End of Day Share Price | 2020/01/20 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.