Stock Analysis
- Saudi Arabia
- /
- Chemicals
- /
- SASE:2010
Saudi Basic Industries First Quarter 2024 Earnings: EPS: ر.س0.21 (vs ر.س0.27 in 1Q 2023)
Saudi Basic Industries (TADAWUL:2010) First Quarter 2024 Results
Key Financial Results
- Revenue: ر.س32.7b (down 10% from 1Q 2023).
- Net income: ر.س632.9m (down 20% from 1Q 2023).
- Profit margin: 1.9% (down from 2.2% in 1Q 2023).
- EPS: ر.س0.21 (down from ر.س0.27 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Saudi Basic Industries Earnings Insights
Looking ahead, revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Chemicals industry in Saudi Arabia.
Performance of the Saudi Chemicals industry.
The company's shares are down 3.0% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 3 warning signs for Saudi Basic Industries (1 is concerning!) that you need to be mindful of.
Valuation is complex, but we're helping make it simple.
Find out whether Saudi Basic Industries is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
View the Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About SASE:2010
Saudi Basic Industries
Engages in the manufacture, marketing, and distribution of chemicals, polymers, plastics, agri-nutrients, and metal products worldwide.
Flawless balance sheet and good value.