Saudi Aramco Base Oil Company - Luberef Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Saudi Aramco Base Oil Company - Luberef (TADAWUL:2223) Full Year 2024 Results

Key Financial Results

• Revenue: ر.س10.0b (up 5.8% from FY 2023).
• Net income: ر.س972.0m (down 36% from FY 2023).
• Profit margin: 9.7% (down from 16% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: ر.س5.78 (down from ر.س8.98 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Saudi Aramco Base Oil Company - Luberef Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 9.9%.

Looking ahead, revenue is expected to decline by 3.8% p.a. on average during the next 2 years, while revenues in the Chemicals industry in Saudi Arabia are expected to grow by 3.6%.

Performance of the Saudi Chemicals industry.

The company's shares are down 2.2% from a week ago.

Valuation

Our analysis of these results suggests Saudi Aramco Base Oil Company - Luberef may be undervalued based on 6 important criteria we look at. Click here to view our comprehensive analysis and gain insights into the stock's investment prospects.

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