Stock Analysis
- Saudi Arabia
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- Chemicals
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- SASE:2020
SABIC Agri-Nutrients First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
SABIC Agri-Nutrients (TADAWUL:2020) First Quarter 2024 Results
Key Financial Results
- Revenue: ر.س2.52b (down 8.8% from 1Q 2023).
- Net income: ر.س840.9m (down 14% from 1Q 2023).
- Profit margin: 33% (down from 36% in 1Q 2023). The decrease in margin was driven by lower revenue.
- EPS: ر.س1.77 (down from ر.س2.06 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
SABIC Agri-Nutrients Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) missed analyst estimates by 11%.
Looking ahead, revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Chemicals industry in Saudi Arabia.
Performance of the Saudi Chemicals industry.
The company's shares are up 4.8% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with SABIC Agri-Nutrients, and understanding these should be part of your investment process.
Valuation is complex, but we're helping make it simple.
Find out whether SABIC Agri-Nutrients 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.
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About SASE:2020
SABIC Agri-Nutrients
Engages in the production, conversion, manufacturing, marketing, and trade of agri-nutrients and chemical products in the Kingdom of Saudi Arabia, the United States, Bangladesh, India, Singapore, and internationally.