SASE:2350

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Saudi Kayan Petrochemical

Market Cap

ر.س26.3b

Last Updated

2021/06/17 16:12 UTC

Data Sources

Company Financials +

Executive Summary

Saudi Kayan Petrochemical Company manufactures chemicals, polymers, and specialty products. More Details


Snowflake Analysis

Fair value with moderate growth potential.

Share Price & News

How has Saudi Kayan Petrochemical's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 2350 is not significantly more volatile than the rest of SA stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 2350's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-0.7%

2350

-1.3%

SA Chemicals

-0.07%

SA Market


1 Year Return

102.3%

2350

43.8%

SA Chemicals

15.5%

SA Market

Return vs Industry: 2350 exceeded the SA Chemicals industry which returned 43.8% over the past year.

Return vs Market: 2350 exceeded the SA Market which returned 15.5% over the past year.


Shareholder returns

2350IndustryMarket
7 Day-0.7%-1.3%-0.07%
30 Day0.5%0.5%0.7%
90 Day10.7%14.6%4.1%
1 Year102.3%102.3%48.0%43.8%19.9%15.5%
3 Year21.0%21.0%21.6%8.7%41.8%28.3%
5 Year174.1%174.1%100.9%66.7%94.7%64.9%

Long-Term Price Volatility Vs. Market

How volatile is Saudi Kayan Petrochemical's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Saudi Kayan Petrochemical undervalued compared to its fair value and its price relative to the market?

28.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 2350 (SAR17.54) is trading below our estimate of fair value (SAR24.5)

Significantly Below Fair Value: 2350 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 2350 is poor value based on its PE Ratio (117x) compared to the SA Chemicals industry average (34.1x).

PE vs Market: 2350 is poor value based on its PE Ratio (117x) compared to the SA market (32.1x).


Price to Earnings Growth Ratio

PEG Ratio: 2350 is poor value based on its PEG Ratio (3.8x)


Price to Book Ratio

PB vs Industry: 2350 is good value based on its PB Ratio (1.8x) compared to the SA Chemicals industry average (2.2x).


Future Growth

How is Saudi Kayan Petrochemical forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

30.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2350's forecast earnings growth (30.9% per year) is above the savings rate (8.8%).

Earnings vs Market: 2350's earnings (30.9% per year) are forecast to grow faster than the SA market (8.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 2350's revenue (2.3% per year) is forecast to grow slower than the SA market (3.9% per year).

High Growth Revenue: 2350's revenue (2.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 2350's Return on Equity is forecast to be low in 3 years time (9.6%).


Past Performance

How has Saudi Kayan Petrochemical performed over the past 5 years?

-16.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2350 has high quality earnings.

Growing Profit Margin: 2350 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 2350 has become profitable over the past 5 years, growing earnings by -16.9% per year.

Accelerating Growth: 2350 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 2350 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Chemicals industry (23.6%).


Return on Equity

High ROE: 2350's Return on Equity (1.5%) is considered low.


Financial Health

How is Saudi Kayan Petrochemical's financial position?


Financial Position Analysis

Short Term Liabilities: 2350's short term assets (SAR6.3B) exceed its short term liabilities (SAR3.2B).

Long Term Liabilities: 2350's short term assets (SAR6.3B) do not cover its long term liabilities (SAR16.0B).


Debt to Equity History and Analysis

Debt Level: 2350's debt to equity ratio (113.1%) is considered high.

Reducing Debt: 2350's debt to equity ratio has reduced from 214.4% to 113.1% over the past 5 years.

Debt Coverage: 2350's debt is not well covered by operating cash flow (11.6%).

Interest Coverage: 2350's interest payments on its debt are not well covered by EBIT (2.4x coverage).


Balance Sheet


Dividend

What is Saudi Kayan Petrochemical current dividend yield, its reliability and sustainability?

1.60%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 2350's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 2350's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 2350's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 2350's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 2350's dividend in 3 years as they are not forecast to pay a notable one for the SA market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.3yrs

Average board tenure


CEO

Saudi Kayan Petrochemical has no CEO, or we have no data on them.


Board Members

Experienced Board: 2350's board of directors are not considered experienced ( 0.3 years average tenure), which suggests a new board.


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Saudi Kayan Petrochemical Company's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Saudi Kayan Petrochemical Company
  • Ticker: 2350
  • Exchange: SASE
  • Founded: 2007
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Market Cap: ر.س26.310b
  • Shares outstanding: 1.50b
  • Website: https://www.saudikayan.com

Location

  • Saudi Kayan Petrochemical Company
  • PO Box 110320
  • Jubail
  • 31961
  • Saudi Arabia

Listings


Biography

Saudi Kayan Petrochemical Company manufactures chemicals, polymers, and specialty products. The company offers ethylene for use as a feed stock for polyethylene and ethylene glycol; propylene for use as a ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/17 16:12
End of Day Share Price2021/06/17 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.