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. More Details
Adequate balance sheet with proven track record.
Share Price & News
How has Sahara International Petrochemical's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 2310 is not significantly more volatile than the rest of SA stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: 2310's weekly volatility (4%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: 2310 exceeded the SA Chemicals industry which returned 43.8% over the past year.
Return vs Market: 2310 exceeded the SA Market which returned 15.5% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Sahara International Petrochemical's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StSahara International Petrochemical (TADAWUL:2310) Might Have The Makings Of A Multi-Bagger
1 month ago | Simply Wall StWe Think Sahara International Petrochemical's (TADAWUL:2310) Profit Is Only A Baseline For What They Can Achieve
1 month ago | Simply Wall StIs Sahara International Petrochemical Company (TADAWUL:2310) A Strong Dividend Stock?
Is Sahara International Petrochemical undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 2310 (SAR28.3) is trading above our estimate of fair value (SAR21.6)
Significantly Below Fair Value: 2310 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 2310 is good value based on its PE Ratio (32.1x) compared to the SA Chemicals industry average (34.1x).
PE vs Market: 2310's PE Ratio (32.1x) is in line with the SA market.
Price to Earnings Growth Ratio
PEG Ratio: 2310's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: 2310 is good value based on its PB Ratio (1.6x) compared to the SA Chemicals industry average (2.2x).
How is Sahara International Petrochemical forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
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 (-6.1% per year).
Earnings vs Market: 2310's earnings are forecast to decline over the next 3 years (-6.1% 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 (-2.9% per year).
High Growth Revenue: 2310's revenue is forecast to decline over the next 3 years (-2.9% 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 (7.5%).
How has Sahara International Petrochemical performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2310 has a large one-off loss of SAR231.1M impacting its March 31 2021 financial results.
Growing Profit Margin: 2310's current net profit margins (10.8%) are higher than last year (2.3%).
Past Earnings Growth Analysis
Earnings Trend: 2310's earnings have grown by 3.1% per year over the past 5 years.
Accelerating Growth: 2310's earnings growth over the past year (385%) exceeds its 5-year average (3.1% per year).
Earnings vs Industry: 2310 earnings growth over the past year (385%) exceeded the Chemicals industry 23.6%.
Return on Equity
High ROE: 2310's Return on Equity (4.4%) is considered low.
How is Sahara International Petrochemical's financial position?
Financial Position Analysis
Short Term Liabilities: 2310's short term assets (SAR5.9B) exceed its short term liabilities (SAR3.9B).
Long Term Liabilities: 2310's short term assets (SAR5.9B) do not cover its long term liabilities (SAR6.3B).
Debt to Equity History and Analysis
Debt Level: 2310's debt to equity ratio (50.7%) is considered high.
Reducing Debt: 2310's debt to equity ratio has reduced from 120.6% to 50.7% over the past 5 years.
Debt Coverage: 2310's debt is well covered by operating cash flow (26%).
Interest Coverage: 2310's interest payments on its debt are well covered by EBIT (4.3x coverage).
What is Sahara International Petrochemical current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 2310's dividend (1.77%) is higher than the bottom 25% of dividend payers in the SA market (1.51%).
High Dividend: 2310's dividend (1.77%) is low compared to the top 25% of dividend payers in the SA market (4.53%).
Stability and Growth of Payments
Stable Dividend: 2310 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 2310 has only been paying a dividend for 9 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (56.8%), 2310's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 2310's dividends in 3 years are forecast to be covered by earnings (67.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Abdullah Al-Saadoon (63 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 not considered experienced ( 1.5 years average tenure), which suggests a new team.
Experienced Board: 2310's board of directors are not considered experienced ( 1.5 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 company bio, employee growth, exchange listings and data sources
- Name: Sahara International Petrochemical Company
- Ticker: 2310
- Exchange: SASE
- Founded: 1999
- Industry: Commodity Chemicals
- Sector: Materials
- Market Cap: ر.س20.251b
- Shares outstanding: 727.16m
- Website: https://www.sipchem.com
Number of Employees
- Sahara International Petrochemical Company
- PO Box 355776
- Saudi Arabia
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. ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/06/18 11:52|
|End of Day Share Price||2021/06/17 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.