Advanced Petrochemical Company produces and sells polypropylene, polysilicon, and polysilicon downstream products in the Kingdom of Saudi Arabia. More Details
Flawless balance sheet and good value.
Share Price & News
How has Advanced Petrochemical's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 2330 is less volatile than 75% of SA stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: 2330's weekly volatility (2%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: 2330 underperformed the SA Chemicals industry which returned 47.7% over the past year.
Return vs Market: 2330 exceeded the SA Market which returned 14.8% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Advanced Petrochemical's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StAdvanced Petrochemical (TADAWUL:2330) Will Be Looking To Turn Around Its Returns
4 months ago | Simply Wall StDon't Buy Advanced Petrochemical Company (TADAWUL:2330) For Its Next Dividend Without Doing These Checks
4 months ago | Simply Wall StAre Dividend Investors Making A Mistake With Advanced Petrochemical Company (TADAWUL:2330)?
Is Advanced Petrochemical undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 2330 (SAR74.4) is trading below our estimate of fair value (SAR232.22)
Significantly Below Fair Value: 2330 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 2330 is good value based on its PE Ratio (24.3x) compared to the SA Chemicals industry average (33.8x).
PE vs Market: 2330 is good value based on its PE Ratio (24.3x) compared to the SA market (33.9x).
Price to Earnings Growth Ratio
PEG Ratio: 2330 is poor value based on its PEG Ratio (15.9x)
Price to Book Ratio
PB vs Industry: 2330 is overvalued based on its PB Ratio (4.8x) compared to the SA Chemicals industry average (2.5x).
How is Advanced Petrochemical forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2330's forecast earnings growth (1.5% per year) is below the savings rate (8.8%).
Earnings vs Market: 2330's earnings (1.5% per year) are forecast to grow slower than the SA market (6.8% per year).
High Growth Earnings: 2330's earnings are forecast to grow, but not significantly.
Revenue vs Market: 2330's revenue (9% per year) is forecast to grow faster than the SA market (3.3% per year).
High Growth Revenue: 2330's revenue (9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 2330's Return on Equity is forecast to be low in 3 years time (19.5%).
How has Advanced Petrochemical performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2330 has high quality earnings.
Growing Profit Margin: 2330's current net profit margins (28.5%) are higher than last year (28.3%).
Past Earnings Growth Analysis
Earnings Trend: 2330's earnings have declined by 1.7% per year over the past 5 years.
Accelerating Growth: 2330's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 2330 had negative earnings growth (-5.6%) over the past year, making it difficult to compare to the Chemicals industry average (40.5%).
Return on Equity
High ROE: 2330's Return on Equity (19.8%) is considered low.
How is Advanced Petrochemical's financial position?
Financial Position Analysis
Short Term Liabilities: 2330's short term assets (SAR1.0B) exceed its short term liabilities (SAR947.4M).
Long Term Liabilities: 2330's short term assets (SAR1.0B) exceed its long term liabilities (SAR137.3M).
Debt to Equity History and Analysis
Debt Level: 2330's debt to equity ratio (9.7%) is considered satisfactory.
Reducing Debt: 2330's debt to equity ratio has reduced from 45.3% to 9.7% over the past 5 years.
Debt Coverage: 2330's debt is well covered by operating cash flow (241.5%).
Interest Coverage: 2330's interest payments on its debt are well covered by EBIT (68.1x coverage).
What is Advanced Petrochemical current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 2330's dividend (3.49%) is higher than the bottom 25% of dividend payers in the SA market (1.46%).
High Dividend: 2330's dividend (3.49%) is low compared to the top 25% of dividend payers in the SA market (4.32%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, 2330 has been paying a dividend for less than 10 years.
Growing Dividend: 2330's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (84.9%), 2330's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 2330's dividends in 3 years are forecast to be covered by earnings (75.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Fahad bin Al Matrafi
Engineer Fahad Salem Al Matrafi serves as President and Chief Executive Officer at Advanced Petrochemical Company since March 2020 and served as Chief Financial Officer since August 16, 2019 until March 20...
Experienced Board: 2330'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.
Advanced Petrochemical Company's company bio, employee growth, exchange listings and data sources
- Name: Advanced Petrochemical Company
- Ticker: 2330
- Exchange: SASE
- Founded: 2005
- Industry: Commodity Chemicals
- Sector: Materials
- Market Cap: ر.س16.106b
- Shares outstanding: 216.47m
- Website: https://www.advancedpetrochem.com
- Advanced Petrochemical Company
- Jubail Industrial City
- PO Box: 11022
- Saudi Arabia
Advanced Petrochemical Company produces and sells polypropylene, polysilicon, and polysilicon downstream products in the Kingdom of Saudi Arabia. The company provides photovoltaic cells and photovoltaic; h...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/07/30 14:04|
|End of Day Share Price||2021/07/29 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.