Sahara International Petrochemical Co. (Sipchem) posted a 67% drop in net profit to SAR 1.01 billion in the first nine months of 2023, compared to SAR 3.11 billion in the prior-year period.
| Item | 9m 2022 | 9m 2023 | Change |
|---|---|---|---|
| Revenues | 8,298.94 | 5,578.23 | (32.8 %) |
| Gross Income | 4,028.43 | 1,740.36 | (56.8 %) |
| Operating Income | 3,430.00 | 1,218.83 | (64.5 %) |
| Net Income | 3,116.33 | 1,016.34 | (67.4 %) |
| Average Shares | 733.33 | 733.33 | - |
| EPS (Riyals) | 4.25 | 1.39 | (67.4 %) |
The lower profit was due to a decline in revenues on lower product prices, as well as a fall in sales volumes due to the periodic turnaround maintenance activities of International Methanol Co. and International Diol Co.
In addition, the company's share of profits from investments in a joint venture and associates decreased.
| Item | Q3 2022 | Q3 2023 | Change |
|---|---|---|---|
| Revenues | 2,853.42 | 1,789.37 | (37.3 %) |
| Gross Income | 1,123.18 | 457.83 | (59.2 %) |
| Operating Income | 909.91 | 304.68 | (66.5 %) |
| Net Income | 774.41 | 233.09 | (69.9 %) |
| Average Shares | 733.33 | 733.33 | - |
| EPS (Riyals) | 1.06 | 0.32 | (69.9 %) |
| Item | Q2 2023 | Q3 2023 | Change |
|---|---|---|---|
| Revenues | 1,701.55 | 1,789.37 | 5.2 % |
| Gross Income | 527.62 | 457.83 | (13.2 %) |
| Operating Income | 353.11 | 304.68 | (13.7 %) |
| Net Income | 312.92 | 233.09 | (25.5 %) |
| Average Shares | 733.33 | 733.33 | - |
| EPS (Riyals) | 0.43 | 0.32 | (25.5 %) |
In Q3 2023, the petrochemical producer posted a 70% drop in its net profit to SAR 233.1 million from SAR 774.41 million in Q3 2022.
This was due to a fall in the company's share of profits from investments in joint venture and associates as well as lower product prices despite a drop in material prices.
Compared with the previous quarter, net profit fell by 25.5% from SAR 312.92 million, mainly due to lower product prices and a decline in the profit share from a joint venture and associates.
Total shareholders’ equity, after minority interest, declined to SAR 15.90 billion by the end of the nine-month period, from SAR 16.40 billion a year earlier.
| Period | Revenues | Change | Gross Income | Change | Net Income | Change | EPS(Riyal) |
|---|---|---|---|---|---|---|---|
| Q1 2014 | 927.45 | 8.2 % | 233.36 | 29.3 % | 68.66 | 6.5 % | 0.19 |
| Q2 2014 | 1,177.63 | 29.1 % | 522.46 | 41.7 % | 244.60 | 40.6 % | 0.67 |
| Q3 2014 | 1,019.33 | 2.1 % | 317.91 | (8.0 %) | 160.57 | (13.3 %) | 0.44 |
| Q4 2014 | 999.99 | (23.3 %) | 322.92 | (31.2 %) | 132.40 | (32.7 %) | 0.36 |
| 2014 | 4,124.41 | 1.3 % | 1,396.64 | 2.4 % | 606.23 | (2.3 %) | 1.65 |
| Q1 2015 | 802.03 | (13.5 %) | 234.08 | 0.3 % | 80.62 | 17.4 % | 0.22 |
| Q2 2015 | 1,006.95 | (14.5 %) | 287.40 | (45.0 %) | 110.07 | (55.0 %) | 0.30 |
| Q3 2015 | 809.93 | (20.5 %) | 209.37 | (34.1 %) | 71.58 | (55.4 %) | 0.20 |
| Q4 2015 | 871.77 | (12.8 %) | 102.15 | (68.4 %) | 25.98 | (80.4 %) | 0.07 |
| 2015 | 3,514.84 | (14.8 %) | 832.99 | (40.4 %) | 288.24 | (52.5 %) | 0.79 |
| Q1 2016 | 923.99 | 15.2 % | 268.86 | 14.9 % | 49.23 | (38.9 %) | 0.13 |
| Q2 2016 | 923.62 | (8.3 %) | 215.25 | (25.1 %) | 11.37 | (89.7 %) | 0.03 |
| Q3 2016 | 717.85 | (11.4 %) | 128.24 | (38.8 %) | (49.38) | (169.0 %) | (0.13) |
| Q4 2016 | 949.59 | 8.9 % | 249.11 | 143.9 % | 31.87 | 22.7 % | 0.09 |
| 2016 | 3,515.04 | 0.0 % | 861.45 | 3.4 % | 43.08 | (85.1 %) | 0.12 |
| Q1 2017 | 1,199.01 | 29.8 % | 352.28 | 31.0 % | 91.65 | 86.2 % | 0.25 |
| Q2 2017 | 918.28 | (0.6 %) | 281.06 | 30.6 % | 59.79 | 425.9 % | 0.16 |
| Q3 2017 | 1,063.57 | 48.2 % | 367.04 | 186.2 % | 121.55 | 346.1 % | 0.33 |
| Q4 2017 | 1,278.63 | 34.6 % | 425.67 | 70.9 % | 164.40 | 415.9 % | 0.45 |
| 2017 | 4,459.49 | 26.9 % | 1,426.05 | 65.5 % | 437.39 | 915.2 % | 1.19 |
| Q1 2018 | 1,170.94 | (2.3 %) | 414.77 | 17.7 % | 151.39 | 65.2 % | 0.41 |
| Q2 2018 | 1,474.46 | 60.6 % | 545.06 | 93.9 % | 211.37 | 253.5 % | 0.58 |
| Q3 2018 | 1,337.75 | 25.8 % | 470.38 | 28.2 % | 180.27 | 48.3 % | 0.49 |
| Q4 2018 | 1,052.66 | (17.7 %) | 204.57 | (51.9 %) | 39.92 | (75.7 %) | 0.11 |
| 2018 | 5,035.80 | 12.9 % | 1,634.78 | 14.6 % | 582.95 | 33.3 % | 1.59 |
| Q1 2019 | 1,121.61 | (4.2 %) | 405.07 | (2.3 %) | 114.72 | (24.2 %) | 0.18 |
| Q2 2019 | 1,409.42 | (4.4 %) | 488.57 | (10.4 %) | 210.85 | (0.2 %) | 0.33 |
| Q3 2019 | 1,402.02 | 4.8 % | 361.57 | (23.1 %) | 111.05 | (38.4 %) | 0.17 |
| Q4 2019 | 1,506.69 | 43.1 % | 380.04 | 85.8 % | (137.10) | (443.4 %) | (0.21) |
| 2019 | 5,439.73 | 8.0 % | 1,635.24 | 0.0 % | 299.53 | (48.6 %) | 0.47 |
| Q1 2020 | 1,404.09 | 25.2 % | 272.39 | (32.8 %) | (52.83) | (146.0 %) | (0.07) |
| Q2 2020 | 950.24 | (32.6 %) | 161.65 | (66.9 %) | (98.96) | (146.9 %) | (0.13) |
| Q3 2020 | 1,361.94 | (2.9 %) | 220.28 | (39.1 %) | 10.01 | (91.0 %) | 0.01 |
| Q4 2020 | 1,606.75 | 6.6 % | 518.62 | 36.5 % | 317.64 | 331.7 % | 0.43 |
| 2020 | 5,323.02 | (2.1 %) | 1,172.94 | (28.3 %) | 175.86 | (41.3 %) | 0.24 |
| Q1 2021 | 2,030.98 | 44.6 % | 956.06 | 251.0 % | 411.47 | 878.9 % | 0.56 |
| Q2 2021 | 2,362.65 | 148.6 % | 1,477.57 | 814.1 % | 829.88 | 938.6 % | 1.13 |
| Q3 2021 | 2,505.60 | 84.0 % | 1,369.30 | 521.6 % | 1,029.51 | 10180.7 % | 1.40 |
| Q4 2021 | 2,787.47 | 73.5 % | 1,539.43 | 196.8 % | 1,321.00 | 315.9 % | 1.80 |
| 2021 | 9,686.69 | 82.0 % | 5,342.36 | 355.5 % | 3,591.84 | 1942.4 % | 4.90 |
| Q1 2022 | 2,348.11 | 15.6 % | 1,321.34 | 38.2 % | 1,078.82 | 162.2 % | 1.47 |
| Q2 2022 | 3,097.40 | 31.1 % | 1,583.91 | 7.2 % | 1,263.10 | 52.2 % | 1.72 |
| Q3 2022 | 2,853.42 | 13.9 % | 1,123.18 | (18.0 %) | 774.41 | (24.8 %) | 1.06 |
| Q4 2022 | 1,954.69 | (29.9 %) | 810.24 | (47.4 %) | 478.96 | (63.7 %) | 0.65 |
| 2022 | 10,253.63 | 5.9 % | 4,838.68 | (9.4 %) | 3,595.29 | 0.1 % | 4.90 |
| Q1 2023 | 2,087.31 | (11.1 %) | 754.92 | (42.9 %) | 470.33 | (56.4 %) | 0.64 |
| Q2 2023 | 1,701.55 | (45.1 %) | 527.62 | (66.7 %) | 312.92 | (75.2 %) | 0.43 |
| Q3 2023 | 1,789.37 | (37.3 %) | 457.83 | (59.2 %) | 233.09 | (69.9 %) | 0.32 |
| Period | Revenues | Change | Gross Income | Change | Net Income | Change | EPS(Riyal) |
|---|---|---|---|---|---|---|---|
| 2013 | 4,071.61 | 3.8 % | 1,364.56 | 7.7 % | 620.45 | 3.2 % | 1.69 |
| 2014 | 4,124.41 | 1.3 % | 1,396.64 | 2.4 % | 606.23 | (2.3 %) | 1.65 |
| 2015 | 3,514.84 | (14.8 %) | 832.99 | (40.4 %) | 288.24 | (52.5 %) | 0.79 |
| 2016 | 3,515.04 | 0.0 % | 861.45 | 3.4 % | 43.08 | (85.1 %) | 0.12 |
| 2017 | 4,459.49 | 26.9 % | 1,426.05 | 65.5 % | 437.39 | 915.2 % | 1.19 |
| 2018 | 5,035.80 | 12.9 % | 1,634.78 | 14.6 % | 582.95 | 33.3 % | 1.59 |
| 2019 | 5,439.73 | 8.0 % | 1,635.24 | 0.0 % | 299.53 | (48.6 %) | 0.47 |
| 2020 | 5,323.02 | (2.1 %) | 1,172.94 | (28.3 %) | 175.86 | (41.3 %) | 0.24 |
| 2021 | 9,686.69 | 82.0 % | 5,342.36 | 355.5 % | 3,591.84 | 1942.4 % | 4.90 |
| 2022 | 10,253.63 | 5.9 % | 4,838.68 | (9.4 %) | 3,595.29 | 0.1 % | 4.90 |
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| Q1 2014 | 34.22 % | 42.01 % | 15.08 % |
| Q2 2014 | 35.65 % | 42.65 % | 15.78 % |
| Q3 2014 | 34.86 % | 41.78 % | 15.15 % |
| Q4 2014 | 33.86 % | 42.36 % | 15.61 % |
| 2014 | 33.86 % | 42.36 % | 15.61 % |
| Q1 2015 | 34.94 % | 44.44 % | 16.40 % |
| Q2 2015 | 30.36 % | 40.88 % | 13.61 % |
| Q3 2015 | 29.12 % | 40.95 % | 11.94 % |
| Q4 2015 | 23.86 % | 36.22 % | 8.26 % |
| 2015 | 23.70 % | 35.97 % | 8.20 % |
| Q1 2016 | 24.02 % | 36.37 % | 7.70 % |
| Q2 2016 | 22.54 % | 33.34 % | 5.09 % |
| Q3 2016 | 20.79 % | 27.62 % | 1.71 % |
| Q4 2016 | 24.51 % | 33.63 % | 1.84 % |
| 2016 | 24.51 % | 33.63 % | 1.84 % |
| Q1 2017 | 24.93 % | 31.95 % | 2.26 % |
| Q2 2017 | 26.70 % | 34.06 % | 3.54 % |
| Q3 2017 | 30.25 % | 38.89 % | 7.38 % |
| Q4 2017 | 31.98 % | 37.10 % | 9.81 % |
| 2017 | 31.98 % | 37.10 % | 9.81 % |
| Q1 2018 | 33.59 % | 39.50 % | 11.15 % |
| Q2 2018 | 35.14 % | 40.29 % | 13.23 % |
| Q3 2018 | 35.27 % | 39.61 % | 13.93 % |
| Q4 2018 | 32.46 % | 36.75 % | 11.59 % |
| 2018 | 32.46 % | 36.75 % | 11.59 % |
| Q1 2019 | 32.59 % | 36.33 % | 11.28 % |
| Q2 2019 | 31.87 % | 35.20 % | 11.22 % |
| Q3 2019 | 29.28 % | 32.93 % | 9.47 % |
| Q4 2019 | 30.06 % | 31.54 % | 6.31 % |
| 2019 | 30.06 % | 31.54 % | 6.31 % |
| Q1 2020 | 26.26 % | 27.08 % | 6.15 % |
| Q2 2020 | 22.34 % | 23.24 % | 0.71 % |
| Q3 2020 | 19.80 % | 21.11 % | (1.27 %) |
| Q4 2020 | 22.04 % | 24.54 % | 5.51 % |
| 2020 | 22.04 % | 24.54 % | 5.51 % |
| Q1 2021 | 31.20 % | 32.90 % | 12.25 % |
| Q2 2021 | 43.09 % | 42.55 % | 23.49 % |
| Q3 2021 | 50.81 % | 49.65 % | 32.32 % |
| Q4 2021 | 55.15 % | 56.32 % | 39.38 % |
| 2021 | 55.15 % | 56.32 % | 39.38 % |
| Q1 2022 | 57.05 % | 58.67 % | 43.20 % |
| Q2 2022 | 54.14 % | 56.66 % | 43.61 % |
| Q3 2022 | 50.22 % | 52.99 % | 39.94 % |
| Q4 2022 | 47.19 % | 48.47 % | 35.42 % |
| 2022 | 47.19 % | 48.47 % | 35.42 % |
| Q1 2023 | 42.75 % | 43.94 % | 30.25 % |
| Q2 2023 | 37.41 % | 39.25 % | 24.11 % |
| Q3 2023 | 33.86 % | 36.34 % | 20.33 % |
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| 2013 | 33.51 % | 42.25 % | 15.24 % |
| 2014 | 33.86 % | 42.36 % | 15.61 % |
| 2015 | 23.70 % | 35.97 % | 8.20 % |
| 2016 | 24.51 % | 33.63 % | 1.84 % |
| 2017 | 31.98 % | 37.10 % | 9.81 % |
| 2018 | 32.46 % | 36.75 % | 11.59 % |
| 2019 | 30.06 % | 31.54 % | 6.31 % |
| 2020 | 22.04 % | 24.54 % | 5.51 % |
| 2021 | 55.15 % | 56.32 % | 39.38 % |
| 2022 | 47.19 % | 48.47 % | 35.42 % |
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| Q1 2014 | 25.16 % | 32.27 % | 7.40 % |
| Q2 2014 | 44.36 % | 52.19 % | 20.77 % |
| Q3 2014 | 31.19 % | 41.03 % | 15.75 % |
| Q4 2014 | 32.29 % | 41.51 % | 16.99 % |
| Q1 2015 | 29.19 % | 41.05 % | 10.05 % |
| Q2 2015 | 28.54 % | 39.96 % | 10.93 % |
| Q3 2015 | 25.85 % | 41.40 % | 8.84 % |
| Q4 2015 | 11.72 % | 22.65 % | 2.98 % |
| Q1 2016 | 29.10 % | 41.00 % | 7.65 % |
| Q2 2016 | 23.30 % | 28.72 % | 1.23 % |
| Q3 2016 | 17.86 % | 15.00 % | (6.88 %) |
| Q4 2016 | 26.23 % | 45.31 % | 3.36 % |
| Q1 2017 | 29.38 % | 34.00 % | 7.64 % |
| Q2 2017 | 30.61 % | 37.42 % | 6.51 % |
| Q3 2017 | 34.51 % | 39.96 % | 11.43 % |
| Q4 2017 | 33.29 % | 37.41 % | 12.86 % |
| Q1 2018 | 35.42 % | 43.01 % | 12.68 % |
| Q2 2018 | 36.97 % | 40.87 % | 15.30 % |
| Q3 2018 | 35.16 % | 37.34 % | 14.52 % |
| Q4 2018 | 19.43 % | 23.27 % | 1.43 % |
| Q1 2019 | 36.11 % | 41.41 % | 11.39 % |
| Q2 2019 | 34.66 % | 37.13 % | 15.28 % |
| Q3 2019 | 25.79 % | 29.18 % | 8.12 % |
| Q4 2019 | 25.22 % | 21.17 % | (7.54 %) |
| Q1 2020 | 19.40 % | 21.25 % | 9.69 % |
| Q2 2020 | 17.01 % | 20.72 % | (10.41 %) |
| Q3 2020 | 16.17 % | 21.17 % | 0.74 % |
| Q4 2020 | 32.28 % | 32.53 % | 15.33 % |
| Q1 2021 | 47.07 % | 46.76 % | 28.14 % |
| Q2 2021 | 62.54 % | 58.06 % | 38.18 % |
| Q3 2021 | 54.65 % | 55.04 % | 41.09 % |
| Q4 2021 | 55.23 % | 62.95 % | 47.05 % |
| Q1 2022 | 56.27 % | 58.06 % | 45.94 % |
| Q2 2022 | 51.14 % | 51.25 % | 40.78 % |
| Q3 2022 | 39.36 % | 40.98 % | 27.14 % |
| Q4 2022 | 41.45 % | 43.51 % | 26.37 % |
| Q1 2023 | 36.17 % | 37.54 % | 22.53 % |
| Q2 2023 | 31.01 % | 33.56 % | 18.39 % |
| Q3 2023 | 25.59 % | 29.75 % | 13.03 % |
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| Q1 2014 | 366.67 | 1.70 | 1.70 | 15.35 |
| Q2 2014 | 366.67 | 1.90 | 1.90 | 15.45 |
| Q3 2014 | 366.67 | 1.83 | 1.83 | 15.90 |
| Q4 2014 | 366.67 | 1.65 | 1.76 | 16.28 |
| Q1 2015 | 366.67 | 1.69 | 1.79 | 15.85 |
| Q2 2015 | 366.67 | 1.32 | 1.42 | 15.59 |
| Q3 2015 | 366.67 | 1.08 | 1.18 | 15.78 |
| Q4 2015 | 366.67 | 0.79 | 0.79 | 15.85 |
| Q1 2016 | 366.67 | 0.70 | 0.76 | 14.36 |
| Q2 2016 | 366.67 | 0.43 | 0.49 | 14.38 |
| Q3 2016 | 366.67 | 0.10 | 0.16 | 14.25 |
| Q4 2016 | 366.67 | 0.12 | 0.18 | 14.36 |
| Q1 2017 | 366.67 | 0.23 | 0.23 | 14.61 |
| Q2 2017 | 366.67 | 0.37 | 0.37 | 14.77 |
| Q3 2017 | 366.67 | 0.83 | 0.83 | 15.10 |
| Q4 2017 | 366.67 | 1.19 | 1.19 | 15.55 |
| Q1 2018 | 366.67 | 1.36 | 1.35 | 15.97 |
| Q2 2018 | 366.67 | 1.77 | 1.80 | 16.05 |
| Q3 2018 | 366.67 | 1.93 | 2.00 | 16.04 |
| Q4 2018 | 366.67 | 1.59 | 1.59 | 16.14 |
| Q1 2019 | 641.67 | 0.85 | 0.88 | 15.81 |
| Q2 2019 | 641.67 | 0.85 | 0.86 | 18.89 |
| Q3 2019 | 641.67 | 0.74 | 0.74 | 18.44 |
| Q4 2019 | 641.67 | 0.47 | 0.54 | 18.19 |
| Q1 2020 | 733.33 | 0.18 | 0.48 | 18.09 |
| Q2 2020 | 733.33 | (0.24) | 0.05 | 17.97 |
| Q3 2020 | 733.33 | (0.38) | (0.09) | 17.94 |
| Q4 2020 | 733.33 | 0.24 | 0.40 | 17.71 |
| Q1 2021 | 733.33 | 0.87 | 0.99 | 17.77 |
| Q2 2021 | 733.33 | 2.14 | 2.36 | 18.18 |
| Q3 2021 | 733.33 | 3.53 | 3.75 | 19.56 |
| Q4 2021 | 733.33 | 4.90 | 5.20 | 19.89 |
| Q1 2022 | 733.33 | 5.81 | 5.89 | 21.37 |
| Q2 2022 | 733.33 | 6.40 | 6.39 | 21.31 |
| Q3 2022 | 733.33 | 6.05 | 6.04 | 22.36 |
| Q4 2022 | 733.33 | 4.90 | 4.95 | 21.56 |
| Q1 2023 | 733.33 | 4.07 | 4.12 | 22.17 |
| Q2 2023 | 733.33 | 2.78 | 2.83 | 21.39 |
| Q3 2023 | 733.33 | 2.04 | 2.09 | 21.69 |
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| 2013 | 366.67 | 1.69 | 1.69 | 15.80 |
| 2014 | 366.67 | 1.65 | 1.76 | 16.28 |
| 2015 | 366.67 | 0.79 | 0.79 | 15.85 |
| 2016 | 366.67 | 0.12 | 0.18 | 14.36 |
| 2017 | 366.67 | 1.19 | 1.19 | 15.55 |
| 2018 | 366.67 | 1.59 | 1.59 | 16.14 |
| 2019 | 641.67 | 0.47 | 0.54 | 18.19 |
| 2020 | 733.33 | 0.24 | 0.40 | 17.71 |
| 2021 | 733.33 | 4.90 | 5.20 | 19.89 |
| 2022 | 733.33 | 4.90 | 4.95 | 21.56 |
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| Q1 2014 | 38.15 | 38.15 | 4.23 |
| Q2 2014 | 33.35 | 33.35 | 4.09 |
| Q3 2014 | 46.97 | 46.97 | 5.40 |
| Q4 2014 | 32.10 | 30.23 | 3.26 |
| Q1 2015 | 33.93 | 31.99 | 3.61 |
| Q2 2015 | 47.97 | 44.52 | 4.06 |
| Q3 2015 | 35.01 | 31.97 | 2.39 |
| Q4 2015 | 35.64 | 35.64 | 1.77 |
| Q1 2016 | 37.63 | 34.72 | 1.84 |
| Q2 2016 | More than 50 | More than 50 | 1.82 |
| Q3 2016 | More than 50 | More than 50 | 1.86 |
| Q4 2016 | More than 50 | More than 50 | 2.63 |
| Q1 2017 | More than 50 | More than 50 | 2.43 |
| Q2 2017 | More than 50 | More than 50 | 1.91 |
| Q3 2017 | 37.93 | 37.93 | 2.09 |
| Q4 2017 | 29.26 | 29.26 | 2.24 |
| Q1 2018 | 31.26 | 31.44 | 2.65 |
| Q2 2018 | 25.34 | 24.91 | 2.79 |
| Q3 2018 | 23.41 | 22.60 | 2.82 |
| Q4 2018 | 25.11 | 25.09 | 2.47 |
| Q1 2019 | 27.06 | 26.28 | 2.55 |
| Q2 2019 | 28.03 | 27.69 | 1.10 |
| Q3 2019 | 27.73 | 28.00 | 0.98 |
| Q4 2019 | 43.97 | 38.36 | 0.99 |
| Q1 2020 | More than 50 | 25.61 | 0.68 |
| Q2 2020 | NEG | More than 50 | 0.80 |
| Q3 2020 | NEG | NEG | 0.92 |
| Q4 2020 | More than 50 | 43.29 | 0.98 |
| Q1 2021 | 25.32 | 22.24 | 1.24 |
| Q2 2021 | 14.33 | 12.99 | 1.69 |
| Q3 2021 | 12.41 | 11.68 | 2.24 |
| Q4 2021 | 8.57 | 8.07 | 2.11 |
| Q1 2022 | 9.25 | 9.11 | 2.51 |
| Q2 2022 | 7.77 | 7.78 | 2.36 |
| Q3 2022 | 6.92 | 6.93 | 1.87 |
| Q4 2022 | 6.85 | 6.78 | 1.58 |
| Q1 2023 | 9.29 | 9.18 | 1.71 |
| Q2 2023 | 13.12 | 12.89 | 1.72 |
| Q3 2023 | 18.54 | 18.10 | 1.74 |
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| 2013 | 37.59 | 37.59 | 4.03 |
| 2014 | 32.10 | 30.23 | 3.26 |
| 2015 | 35.64 | 35.64 | 1.77 |
| 2016 | More than 50 | More than 50 | 2.63 |
| 2017 | 29.26 | 29.26 | 2.24 |
| 2018 | 25.11 | 25.09 | 2.47 |
| 2019 | 43.97 | 38.36 | 0.99 |
| 2020 | More than 50 | 43.29 | 0.98 |
| 2021 | 8.57 | 8.07 | 2.11 |
| 2022 | 6.85 | 6.78 | 1.58 |
Q3 2023
2023
| Period | Marketing activities | Intermediate chemicals | Basic chemicals | Polymers | Corporate and others | Petrochemical sector | Eliminations |
|---|---|---|---|---|---|---|---|
| Q1 2014 | 225.80 | - | - | - | - | 701.65 | - |
| Q2 2014 | 143.30 | - | - | - | - | 1,034.33 | - |
| Q3 2014 | 128.72 | - | - | - | - | 890.61 | - |
| Q4 2014 | 226.62 | - | - | - | - | 773.37 | - |
| Q1 2015 | 59.50 | - | - | - | - | 742.53 | - |
| Q2 2015 | 99.40 | - | - | - | - | 907.55 | - |
| Q3 2015 | 64.73 | - | - | - | - | 745.20 | - |
| Q4 2015 | 279.26 | - | - | - | - | 592.51 | - |
| Q1 2016 | - | 565.13 | 341.67 | 271.08 | 51.78 | - | (305.68) |
| Q2 2016 | 928.40 | 603.96 | 337.22 | 260.71 | - | - | (1156.44) |
| Q3 2016 | 391.59 | 385.17 | 276.06 | 251.18 | - | - | (584.60) |
| Q4 2016 | 569.76 | 416.92 | 372.05 | 290.91 | 1.55 | - | (701.59) |
| Q1 2017 | 899.09 | 606.65 | 508.76 | 318.09 | 2.55 | - | (1136.12) |
| Q2 2017 | 616.75 | 513.05 | 359.97 | 228.20 | 74.44 | - | (874.13) |
| Q3 2017 | 599.04 | 435.32 | 498.62 | 285.49 | 33.22 | - | (788.11) |
| Q4 2017 | 774.81 | 747.67 | 494.99 | 266.44 | 14.89 | - | (1020.16) |
| Q1 2018 | 731.01 | 565.18 | 540.95 | 296.35 | 41.82 | - | (1004.36) |
| Q2 2018 | 825.69 | 693.27 | 536.49 | 298.43 | 40.58 | - | (920.00) |
| Q3 2018 | 781.59 | 810.39 | 384.43 | 407.53 | 44.84 | - | (1091.03) |
| Q4 2018 | 629.36 | 746.38 | 320.81 | 352.07 | 17.51 | - | (1013.48) |
| Q1 2019 | 720.42 | 690.39 | 414.52 | 295.77 | 76.68 | - | (1076.18) |
| Q2 2019 | 791.99 | 577.35 | 392.95 | 590.67 | 134.60 | - | (1078.15) |
| Q3 2019 | 802.75 | 360.16 | 590.10 | 701.89 | (86.24) | - | (966.65) |
| Q4 2019 | 589.67 | 697.60 | 442.78 | 997.51 | 19.14 | - | (1240.01) |
| Q1 2020 | 1,022.46 | 591.42 | 465.32 | 506.80 | 12.04 | - | (1193.95) |
| Q2 2020 | 646.72 | 445.67 | 370.55 | 419.67 | 13.86 | - | (946.23) |
| Q3 2020 | 867.35 | 588.25 | 351.95 | 652.64 | 18.36 | - | (1116.61) |
| Q4 2020 | 1,122.06 | 606.62 | 503.76 | 755.12 | 10.16 | - | (1390.98) |
| Q1 2021 | 1,456.57 | 762.03 | 648.12 | 828.79 | 7.40 | - | (1671.93) |
| Q2 2021 | 1,730.16 | 1,133.47 | 753.07 | 958.38 | 3.80 | - | (2216.22) |
| Q3 2021 | 1,964.72 | 1,096.97 | 841.12 | 810.62 | 0.08 | - | (2207.91) |
| Q4 2021 | 2,283.86 | 1,312.85 | 903.74 | 856.89 | 5.25 | - | (2575.13) |
| Q1 2022 | 1,935.17 | 1,181.01 | 873.20 | 652.58 | 3.04 | - | (2296.89) |
| Q2 2022 | 2,544.64 | 1,417.72 | 912.22 | 1,010.31 | 9.10 | - | (2796.58) |
| Q3 2022 | 2,140.18 | 1,208.16 | 747.00 | 1,021.86 | 10.02 | - | (2273.78) |
| Q4 2022 | 1,428.30 | 832.54 | 651.93 | 676.06 | 5.91 | - | (1640.05) |
| Q1 2023 | 1,476.57 | 818.13 | 654.38 | 746.82 | 32.19 | - | (1640.79) |
| Q2 2023 | 1,157.22 | 727.83 | 302.88 | 614.42 | 21.54 | - | (1122.33) |
| Q3 2023 | 1,329.18 | 464.48 | 484.70 | 733.30 | 20.54 | - | (1242.83) |
| Period | Marketing activities | Intermediate chemicals | Basic chemicals | Polymers | Corporate and others | Petrochemical sector | Eliminations |
|---|---|---|---|---|---|---|---|
| 2013 | 796.21 | - | - | - | - | 3,275.40 | - |
| 2014 | 724.45 | - | - | - | - | 3,399.96 | - |
| 2015 | 502.89 | - | - | - | - | 3,011.95 | - |
| 2016 | 1,889.74 | 1,971.19 | 1,326.99 | 1,073.88 | 1.55 | - | (2748.31) |
| 2017 | 2,889.69 | 2,302.69 | 1,861.84 | 1,093.17 | 125.10 | - | (3812.99) |
| 2018 | 2,967.65 | 2,814.53 | 1,788.84 | 1,354.77 | 144.75 | - | (4034.73) |
| 2019 | 2,904.83 | 2,325.51 | 1,840.36 | 2,585.85 | 144.18 | - | (4360.99) |
| 2020 | 3,663.54 | 2,231.95 | 1,691.59 | 2,334.24 | 49.48 | - | (4647.78) |
| 2021 | 7,435.31 | 4,305.32 | 3,146.05 | 3,454.68 | 16.53 | - | (8671.19) |
| 2022 | 8,048.28 | 4,639.42 | 3,184.34 | 3,360.81 | 28.08 | - | (9007.31) |
| Item | Q3 2023 (e) | Q3 2023 (a) | Change |
|---|---|---|---|
| Average | 390.48 | 233.09 | (40.3 %) |
| Item | Q3 2023 (e) | Q3 2023 (a) | Change |
|---|---|---|---|
| Hermes | 259.00 | 233.09 | (10.0) % |
| Bank of America | 340.86 | 233.09 | (31.6) % |
| U-Capital | 344.90 | 233.09 | (32.4) % |
| SNB Capital | 350.00 | 233.09 | (33.4) % |
| AlJazira Capital | 357.90 | 233.09 | (34.9) % |
| OSOOL AND BAKHEET | 383.76 | 233.09 | (39.3) % |
| Riyad Capital | 426.00 | 233.09 | (45.3) % |
| Al Rajhi Capital | 433.00 | 233.09 | (46.2) % |
| Arqaam Capital | 477.00 | 233.09 | (51.1) % |
| KASB Capital | 532.35 | 233.09 | (56.2) % |
| Current | |
| Market Cap (M Riyal) | 23,136.56 |
| Enterprise Value (EV) (M) | 24,632.10 |
| Shares Outstanding ((M)) | 733.33 |
| EPS ( Riyal) (TTM) | 1.21 |
| Book Value (BV) ( Riyal) | 21.49 |
| Par Value ( Riyal) | 10.00 |
| Adjusted P/E (Last12) | 31.34 |
| P/E (TTM) | 26.11 |
| Price/book | 1.47 |
| Return on Average Assets (%) (TTM) | 3.9 |
| Return on Average Equity (%) (TTM) | 5.5 |
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