2310 Stock Overview
Sahara International Petrochemical Company owns, establishes, operates, and manages industrial projects related to chemical and petrochemical industries in the Kingdom of Saudi Arabia and internationally.
Sahara International Petrochemical Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||ر.س46.75|
|52 Week High||ر.س60.00|
|52 Week Low||ر.س29.30|
|1 Month Change||-13.59%|
|3 Month Change||-12.94%|
|1 Year Change||53.03%|
|3 Year Change||122.20%|
|5 Year Change||231.80%|
|Change since IPO||25.81%|
Recent News & Updates
Calculating The Fair Value Of Sahara International Petrochemical Company (TADAWUL:2310)
How far off is Sahara International Petrochemical Company ( TADAWUL:2310 ) from its intrinsic value? Using the most...
Should You Be Adding Sahara International Petrochemical (TADAWUL:2310) To Your Watchlist Today?
Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
|2310||SA Chemicals||SA Market|
Return vs Industry: 2310 exceeded the SA Chemicals industry which returned -10.6% over the past year.
Return vs Market: 2310 exceeded the SA Market which returned 12.5% over the past year.
|2310 Average Weekly Movement||5.9%|
|Chemicals Industry Average Movement||4.9%|
|Market Average Movement||4.9%|
|10% most volatile stocks in SA Market||7.2%|
|10% least volatile stocks in SA Market||3.1%|
Stable Share Price: 2310 is more volatile than 75% of SA stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: 2310's weekly volatility (6%) has been stable over the past year, but is still higher than 75% of SA stocks.
About the Company
Sahara International Petrochemical Company owns, establishes, operates, and manages industrial projects related to chemical and petrochemical industries in the Kingdom of Saudi Arabia and internationally. The company operates through Basic Chemicals, Intermediate Chemicals, Polymers, Trading, and Corporate and Others segments. It offers basic products, including methanol, butane, tetrahydrofuran, maleic anhydride, carbon monoxide, and gamma butyrolactone; and intermediate products, such as acetic acid, acetic anhydride, vinyl acetate monomer, dichloroethane, and caustic soda, as well as ethyl and butyl acetates.
Sahara International Petrochemical Fundamentals Summary
|2310 fundamental statistics|
Is 2310 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|2310 income statement (TTM)|
|Cost of Revenue||ر.س4.35b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||5.86|
|Net Profit Margin||41.11%|
How did 2310 perform over the long term?See historical performance and comparison
6.4%Current Dividend Yield
Is 2310 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 2310?
Other financial metrics that can be useful for relative valuation.
|What is 2310's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 2310's PE Ratio compare to its peers?
|2310 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
2290 Yanbu National Petrochemical
2350 Saudi Kayan Petrochemical
2330 Advanced Petrochemical
2060 National Industrialization
2310 Sahara International Petrochemical
Price-To-Earnings vs Peers: 2310 is good value based on its Price-To-Earnings Ratio (8x) compared to the peer average (13.9x).
Price to Earnings Ratio vs Industry
How does 2310's PE Ratio compare vs other companies in the Asian Chemicals Industry?
Price-To-Earnings vs Industry: 2310 is good value based on its Price-To-Earnings Ratio (8x) compared to the SA Chemicals industry average (12.4x)
Price to Earnings Ratio vs Fair Ratio
What is 2310's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||8x|
|Fair PE Ratio||n/a|
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 2310's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of 2310 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 2310 (SAR46.75) is trading above our estimate of fair value (SAR45.15)
Significantly Below Fair Value: 2310 is trading above our estimate of fair value.
Price to Earnings Growth Ratio
PEG Ratio: 2310's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
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How is Sahara International Petrochemical forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2310's earnings are forecast to decline over the next 3 years (-14.9% per year).
Earnings vs Market: 2310's earnings are forecast to decline over the next 3 years (-14.9% per year).
High Growth Earnings: 2310's earnings are forecast to decline over the next 3 years.
Revenue vs Market: 2310's revenue is expected to decline over the next 3 years (-7.7% per year).
High Growth Revenue: 2310's revenue is forecast to decline over the next 3 years (-7.7% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 2310's Return on Equity is forecast to be low in 3 years time (14.6%).
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How has Sahara International Petrochemical performed over the past 5 years?
Past Performance Score6/6
Past Performance Score 6/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2310 has high quality earnings.
Growing Profit Margin: 2310's current net profit margins (41.1%) are higher than last year (10.8%).
Past Earnings Growth Analysis
Earnings Trend: 2310's earnings have grown significantly by 52.7% per year over the past 5 years.
Accelerating Growth: 2310's earnings growth over the past year (565.3%) exceeds its 5-year average (52.7% per year).
Earnings vs Industry: 2310 earnings growth over the past year (565.3%) exceeded the Chemicals industry 313%.
Return on Equity
High ROE: 2310's Return on Equity (27.8%) is considered high.
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How is Sahara International Petrochemical's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 2310's short term assets (SAR6.8B) exceed its short term liabilities (SAR2.8B).
Long Term Liabilities: 2310's short term assets (SAR6.8B) exceed its long term liabilities (SAR5.6B).
Debt to Equity History and Analysis
Debt Level: 2310's net debt to equity ratio (7.7%) is considered satisfactory.
Reducing Debt: 2310's debt to equity ratio has reduced from 110.2% to 30.1% over the past 5 years.
Debt Coverage: 2310's debt is well covered by operating cash flow (114.9%).
Interest Coverage: 2310's interest payments on its debt are well covered by EBIT (41x coverage).
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What is Sahara International Petrochemical current dividend yield, its reliability and sustainability?
Dividend Score 5/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 2310's dividend (6.42%) is higher than the bottom 25% of dividend payers in the SA market (1.91%).
High Dividend: 2310's dividend (6.42%) is in the top 25% of dividend payers in the SA market (4.42%)
Stability and Growth of Payments
Stable Dividend: 2310's dividend payments have been volatile in the past 10 years.
Growing Dividend: 2310's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (38.4%), 2310's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (42.5%), 2310's dividend payments are well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Abdullah Al-Saadoon (64 yo)
Eng. Abdullah S. Al-Saadoon serves as Chief Operating Officer at Sahara International Petrochemical Company (Alternate name Sipchem) since 2019 and has been its Chief Executive Officer since January 01, 20...
Experienced Management: 2310's management team is considered experienced (3.4 years average tenure).
Experienced Board: 2310's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Sahara International Petrochemical Company's employee growth, exchange listings and data sources
- Name: Sahara International Petrochemical Company
- Ticker: 2310
- Exchange: SASE
- Founded: 1999
- Industry: Commodity Chemicals
- Sector: Materials
- Implied Market Cap: ر.س33.995b
- Shares outstanding: 727.16m
- Website: https://www.sipchem.com
Number of Employees
- Sahara International Petrochemical Company
- PO Box 355776
- Saudi Arabia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/28 00:00|
|End of Day Share Price||2022/06/28 00:00|
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.