SABIC incurs SAR 1 bln loss in 9M 2023, SAR 2.9 bln in Q3 on Hadeed sale

Saudi Basic Industries Corp. (SABIC) turned to a net loss of SAR 1.04 billion in the first nine months of 2023, against a net profit of SAR 16.24 billion a year earlier.

Financials (M)

Item	9m 2022	9m 2023	Change‬
Revenues	143,540.81	106,505.05	(25.8 %)
Gross Income	35,614.60	17,751.51	(50.2 %)
Operating Income	19,831.28	4,228.47	(78.7 %)
Net Income	16,237.02	(1041.03)	(106.4 %)
Average Shares	3,000.00	3,000.00	-
EPS (Riyals)	5.41	(0.35)	(106.4 %)

The losses were attributed to a stagnation in global demand for chemicals, which weighed on average selling prices. Accordingly, sales value dropped by SAR 37 billion year-on-year (YoY).

SABIC reported a decline of SAR 3.64 billion YoY in its profit share from joint ventures and associates, primarily due to a decrease in sales volumes and selling prices.

Moreover, the company recorded SAR 2.93 billion non-cash losses on the Public Investment Fund’s acquisition of SABIC’s entire stake in the Saudi Iron and Steel Co. (Hadeed), which was previously announced.

This deal will enable SABIC to focus on its strategic business portfolio, to maintain its leadership competitiveness and prepare the company for a new era of growth in the field of petrochemicals.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2022	Q3 2023	Change‬
Revenues	43,316.20	35,975.30	(16.9 %)
Gross Income	8,182.04	6,658.29	(18.6 %)
Operating Income	2,849.93	2,038.39	(28.5 %)
Net Income	1,835.92	(2876.36)	(256.7 %)
Average Shares	3,000.00	3,000.00	-
EPS (Riyals)	0.61	(0.96)	(256.7 %)

Item	Q2 2023	Q3 2023	Change‬
Revenues	34,097.38	35,975.30	5.5 %
Gross Income	5,437.06	6,658.29	22.5 %
Operating Income	993.24	2,038.39	105.2 %
Net Income	1,178.42	(2876.36)	(344.1 %)
Average Shares	3,000.00	3,000.00	-
EPS (Riyals)	0.39	(0.96)	(344.1 %)

In the three-month period, the giant petrochemical producer swung to a net loss of SAR 2.9 billion, versus a net profit of SAR 1.84 billion in Q3 2022.

SABIC cited stagnation in global demand for chemicals, which weighed on average selling prices, and led sales value to drop by SAR 7.3 billion year-on-year (YoY).

It reported a decline of SAR 919 million YoY in its profit share from JVs and associates, primarily due to a decrease in sales volumes and selling prices.

An impairment charge of SAR 255 million was recorded in certain capital assets, as part of the restructuring program in Europe to improve the return on investment.

Moreover, the company recorded SAR 2.93 billion non-cash losses on the Public Investment Fund’s acquisition of SABIC’s entire stake in Hadeed.

Compared with the previous quarter, SABIC swung to losses from net earnings of SAR 1.18 billion in Q2 2023, as its profit share from JVs and associates decreased by SAR 669 million on a sequential basis.

An impairment charge of SAR 255 million was recorded in certain capital assets.

Total shareholders’ equity, after minority interest, declined to SAR 173.90 billion as of Sept. 30, 2023, from SAR 182.88 billion a year earlier.

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Share Price

Saudi Basic Industries Corp. (SABIC)

	Current
Market Cap (M Riyal)	200,100.00
Enterprise Value (EV) (M)	228,118.89
Shares Outstanding ((M))	3,000.00
EPS ( Riyal) (TTM)	0.57
Book Value (BV) ( Riyal)	55.16
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	More than 100
P/E (TTM)	More than 100
Price/book	1.21
Return on Average Assets (%) (TTM)	0.6
Return on Average Equity (%) (TTM)	1.0

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2014	49,220.59	5.3 %	14,112.50	0.7 %	10,853.57	(1.8 %)
Q2 2014	48,171.67	7.1 %	13,432.88	2.9 %	10,068.03	1.0 %
Q3 2014	48,070.62	(1.5 %)	13,740.65	(4.8 %)	10,410.26	(7.6 %)
Q4 2014	43,741.90	(9.7 %)	11,099.25	(19.6 %)	7,404.87	(27.8 %)
2014	188,988.65	0.0 %	51,477.16	(6.9 %)	37,731.27	(11.3 %)
Q1 2015	34,563.66	(29.8 %)	9,415.16	(33.3 %)	6,123.56	(43.6 %)
Q2 2015	42,094.99	(12.6 %)	12,721.92	(5.3 %)	9,381.47	(6.8 %)
Q3 2015	37,351.85	(22.3 %)	11,830.42	(13.9 %)	8,576.92	(17.6 %)
Q4 2015	34,156.59	(21.9 %)	9,074.93	(18.2 %)	5,135.92	(30.6 %)
2015	148,085.74	(21.6 %)	43,027.76	(16.4 %)	29,299.94	(22.3 %)
Q1 2016	33,467.91	(3.2 %)	10,107.66	7.4 %	4,665.26	(23.8 %)
Q2 2016	36,258.34	(13.9 %)	12,895.61	1.4 %	7,411.32	(21.0 %)
Q3 2016	35,797.36	(4.2 %)	13,221.21	11.8 %	7,855.53	(8.4 %)
Q4 2016	37,475.21	9.7 %	11,089.73	22.2 %	6,163.93	20.0 %
2016	142,998.83	(3.4 %)	47,239.69	9.8 %	25,870.10	(11.7 %)
Q1 2017	36,320.80	8.5 %	13,534.02	33.9 %	8,336.38	78.7 %
Q2 2017	34,438.19	(5.0 %)	10,345.55	(19.8 %)	5,584.92	(24.6 %)
Q3 2017	38,678.75	8.0 %	13,587.03	2.8 %	8,502.77	8.2 %
Q4 2017	40,328.24	7.6 %	12,472.69	12.5 %	6,574.32	6.7 %
2017	149,765.97	4.7 %	49,907.73	5.6 %	29,000.00	12.1 %
Q1 2018	41,861.60	15.3 %	14,531.51	7.4 %	10,325.83	23.9 %
Q2 2018	43,284.60	25.7 %	16,100.12	55.6 %	10,829.83	93.9 %
Q3 2018	43,711.93	13.0 %	15,126.31	11.3 %	9,955.59	17.1 %
Q4 2018	40,270.21	(0.1 %)	12,195.24	(2.2 %)	5,169.11	(21.4 %)
2018	169,128.34	12.9 %	57,841.32	15.9 %	36,280.37	25.1 %
Q1 2019	36,010.40	(14.0 %)	9,406.12	(35.3 %)	4,528.64	(56.1 %)
Q2 2019	34,899.15	(19.4 %)	8,542.92	(46.9 %)	3,617.27	(66.6 %)
Q3 2019	32,809.63	(24.9 %)	7,978.34	(47.3 %)	3,282.45	(67.0 %)
Q4 2019	31,676.83	(21.3 %)	3,477.34	(71.5 %)	(1639.25)	(131.7 %)
2019	135,396.00	(19.9 %)	29,404.72	(49.2 %)	9,789.11	(73.0 %)
Q1 2020	30,193.15	(16.2 %)	5,420.00	(42.4 %)	445.65	(90.2 %)
Q2 2020	24,619.43	(29.5 %)	3,587.99	(58.0 %)	(1291.91)	(135.7 %)
Q3 2020	29,295.07	(10.7 %)	6,519.82	(18.3 %)	1,840.41	(43.9 %)
Q4 2020	32,841.64	3.7 %	7,959.13	128.9 %	3,113.82	290.0 %
2020	116,949.29	(13.6 %)	23,181.16	(21.2 %)	4,107.96	(58.0 %)
Q1 2021	37,530.68	24.3 %	11,086.06	104.5 %	6,540.09	1367.5 %
Q2 2021	42,419.19	72.3 %	13,652.60	280.5 %	8,816.78	782.5 %
Q3 2021	43,697.92	49.2 %	12,294.30	88.6 %	6,933.07	276.7 %
Q4 2021	51,235.34	56.0 %	13,085.34	64.4 %	7,685.34	146.8 %
2021	174,883.13	49.5 %	47,877.13	106.5 %	29,967.41	629.5 %
Q1 2022	52,641.59	40.3 %	13,476.89	21.6 %	8,586.28	31.3 %
Q2 2022	55,976.30	32.0 %	15,093.17	10.6 %	9,110.99	3.3 %
Q3 2022	43,316.20	(0.9 %)	8,182.04	(33.4 %)	2,849.93	(58.9 %)
Q4 2022	39,535.78	(22.8 %)	5,707.14	(56.4 %)	193.99	(97.5 %)
2022	183,076.59	4.7 %	41,321.74	(13.7 %)	20,025.27	(33.2 %)
Q1 2023	36,432.36	(30.8 %)	5,845.25	(56.6 %)	1,196.84	(86.1 %)
Q2 2023	34,097.38	(39.1 %)	5,437.06	(64.0 %)	993.24	(89.1 %)
Q3 2023	35,975.30	(16.9 %)	6,658.29	(18.6 %)	2,038.39	(28.5 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2013	188,986.04	0.0 %	55,298.90	3.6 %	42,539.23	3.7 %
2014	188,988.65	0.0 %	51,477.16	(6.9 %)	37,731.27	(11.3 %)
2015	148,085.74	(21.6 %)	43,027.76	(16.4 %)	29,299.94	(22.3 %)
2016	142,998.83	(3.4 %)	47,239.69	9.8 %	25,870.10	(11.7 %)
2017	149,765.97	4.7 %	49,907.73	5.6 %	29,000.00	12.1 %
2018	169,128.34	12.9 %	57,841.32	15.9 %	36,280.37	25.1 %
2019	135,396.00	(19.9 %)	29,404.72	(49.2 %)	9,789.11	(73.0 %)
2020	116,949.29	(13.6 %)	23,181.16	(21.2 %)	4,107.96	(58.0 %)
2021	174,883.13	49.5 %	47,877.13	106.5 %	29,967.41	629.5 %
2022	183,076.59	4.7 %	41,321.74	(13.7 %)	20,025.27	(33.2 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2014	6,441.74	(1.9 %)	2.15	-	6,441.74	2.15
Q2 2014	6,456.47	6.9 %	2.15	-	6,456.47	2.15
Q3 2014	6,178.79	(4.4 %)	2.06	-	6,178.79	2.06
Q4 2014	4,356.31	(29.8 %)	1.45	-	4,356.31	1.45
2014	23,347.11	(7.6 %)	7.78	-	23,347.11	7.78
Q1 2015	3,934.65	(38.9 %)	1.31	-	3,934.65	1.31
Q2 2015	6,170.75	(4.4 %)	2.06	-	6,170.75	2.06
Q3 2015	5,603.55	(9.3 %)	1.87	-	5,603.55	1.87
Q4 2015	3,075.27	(29.4 %)	1.03	(375.21)	3,450.48	1.15
2015	18,768.69	(19.6 %)	6.26	(375.21)	19,143.90	6.38
Q1 2016	2,909.90	(26.0 %)	0.97	-	2,909.90	0.97
Q2 2016	4,958.84	(19.6 %)	1.65	(365.81)	5,324.64	1.77
Q3 2016	5,230.26	(6.7 %)	1.74	-	5,230.26	1.74
Q4 2016	4,514.62	46.8 %	1.50	(339.56)	4,854.17	1.62
2016	17,613.61	(6.2 %)	5.87	(705.36)	18,318.97	6.11
Q1 2017	5,234.52	79.9 %	1.74	-	5,234.52	1.74
Q2 2017	3,705.70	(25.3 %)	1.24	(278.00)	3,983.70	1.33
Q3 2017	5,787.55	10.7 %	1.93	-	5,787.55	1.93
Q4 2017	3,704.09	(18.0 %)	1.23	(486.00)	4,188.47	1.40
2017	18,431.85	4.6 %	6.14	(764.00)	19,195.85	6.40
Q1 2018	5,508.08	5.2 %	1.84	(1380.00)	6,888.08	2.30
Q2 2018	6,695.32	80.7 %	2.23	-	6,695.32	2.23
Q3 2018	6,097.89	5.4 %	2.03	-	6,097.89	2.03
Q4 2018	3,219.39	(13.1 %)	1.07	-	3,219.39	1.07
2018	21,520.68	16.8 %	7.17	(1380.00)	22,900.68	7.63
Q1 2019	3,322.59	(39.7 %)	1.11	-	3,322.59	1.11
Q2 2019	2,029.98	(69.7 %)	0.68	-	2,029.98	0.68
Q3 2019	737.04	(87.9 %)	0.25	(1510.00)	2,247.04	0.75
Q4 2019	(891.49)	(127.7 %)	(0.30)	(1300.00)	408.51	0.14
2019	5,198.11	(75.8 %)	1.73	(2810.00)	8,008.11	2.67
Q1 2020	(1045.94)	(131.5 %)	(0.35)	(1069.00)	23.06	0.01
Q2 2020	(2223.98)	(209.6 %)	(0.74)	(1180.00)	(1043.98)	(0.35)
Q3 2020	1,088.53	47.7 %	0.36	683.00	405.53	0.14
Q4 2020	2,248.22	352.2 %	0.75	300.00	1,948.22	0.65
2020	66.83	(98.7 %)	0.02	(1266.00)	1,332.83	0.44
Q1 2021	4,862.37	564.9 %	1.62	-	4,862.37	1.62
Q2 2021	7,643.17	443.7 %	2.55	-	7,643.17	2.55
Q3 2021	5,594.64	414.0 %	1.86	-	5,594.64	1.86
Q4 2021	4,973.69	121.2 %	1.66	(760.00)	5,733.69	1.91
2021	23,066.00	34417.0 %	7.69	(760.00)	23,826.00	7.94
Q1 2022	6,474.95	33.2 %	2.16	(384.00)	6,858.95	2.29
Q2 2022	7,926.15	3.7 %	2.64	-	7,926.15	2.64
Q3 2022	1,835.92	(67.2 %)	0.61	(515.00)	2,350.92	0.78
Q4 2022	292.70	(94.1 %)	0.10	252.96	39.74	0.01
2022	16,529.72	(28.3 %)	5.51	(646.04)	17,175.77	5.73
Q1 2023	656.91	(89.9 %)	0.22	-	656.91	0.22
Q2 2023	1,178.42	(85.1 %)	0.39	-	1,178.42	0.39
Q3 2023	(2876.36)	(256.7 %)	(0.96)	(3186.04)	309.68	0.10

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2013	25,278.38	2.0 %	8.43	-	25,278.38	8.43
2014	23,347.11	(7.6 %)	7.78	-	23,347.11	7.78
2015	18,768.69	(19.6 %)	6.26	(375.21)	19,143.90	6.38
2016	17,613.61	(6.2 %)	5.87	(705.36)	18,318.97	6.11
2017	18,431.85	4.6 %	6.14	(764.00)	19,195.85	6.40
2018	21,520.68	16.8 %	7.17	(1380.00)	22,900.68	7.63
2019	5,198.11	(75.8 %)	1.73	(2810.00)	8,008.11	2.67
2020	66.83	(98.7 %)	0.02	(1266.00)	1,332.83	0.44
2021	23,066.00	34417.0 %	7.69	(760.00)	23,826.00	7.94
2022	16,529.72	(28.3 %)	5.51	(646.04)	17,175.77	5.73

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	28.93 %	29.68 %	13.14 %
Q2 2014	28.66 %	29.37 %	13.14 %
Q3 2014	28.41 %	29.14 %	13.04 %
Q4 2014	27.69 %	28.28 %	12.39 %
2014	27.24 %	27.78 %	12.35 %
Q1 2015	27.32 %	27.97 %	11.99 %
Q2 2015	27.88 %	28.53 %	12.25 %
Q3 2015	28.57 %	29.23 %	12.72 %
Q4 2015	29.05 %	30.32 %	12.93 %
2015	29.06 %	30.40 %	12.93 %
Q1 2016	29.74 %	29.60 %	12.33 %
Q2 2016	31.09 %	29.52 %	12.24 %
Q3 2016	32.43 %	29.34 %	12.11 %
Q4 2016	33.09 %	28.53 %	12.81 %
2016	33.04 %	28.37 %	12.81 %
Q1 2017	34.79 %	30.33 %	14.15 %
Q2 2017	33.46 %	29.82 %	13.40 %
Q3 2017	33.05 %	29.93 %	13.52 %
Q4 2017	33.34 %	29.28 %	12.82 %
2017	33.32 %	29.28 %	12.82 %
Q1 2018	32.80 %	29.66 %	13.42 %
Q2 2018	34.54 %	30.95 %	14.35 %
Q3 2018	34.42 %	31.02 %	14.11 %
Q4 2018	34.27 %	30.40 %	13.54 %
2018	34.20 %	30.40 %	13.54 %
Q1 2019	32.35 %	28.15 %	11.84 %
Q2 2019	29.23 %	24.59 %	9.47 %
Q3 2019	26.48 %	21.57 %	7.51 %
Q4 2019	21.72 %	17.97 %	5.91 %
2019	21.72 %	17.97 %	5.91 %
Q1 2020	19.62 %	15.94 %	3.63 %
Q2 2020	17.15 %	14.65 %	1.37 %
Q3 2020	16.41 %	13.61 %	(0.18 %)
Q4 2020	20.08 %	15.66 %	1.14 %
2020	19.82 %	15.66 %	1.14 %
Q1 2021	23.46 %	18.83 %	4.97 %
Q2 2021	27.60 %	22.75 %	10.46 %
Q3 2021	28.75 %	23.87 %	12.81 %
Q4 2021	28.66 %	25.18 %	13.63 %
2021	27.38 %	25.18 %	13.62 %
Q1 2022	27.64 %	24.29 %	13.60 %
Q2 2022	26.50 %	22.78 %	12.83 %
Q3 2022	24.53 %	20.82 %	11.26 %
Q4 2022	22.18 %	18.23 %	8.97 %
2022	22.57 %	18.67 %	9.38 %
Q1 2023	19.87 %	15.72 %	6.26 %
Q2 2023	16.41 %	12.81 %	2.76 %
Q3 2023	16.19 %	13.38 %	1.50 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2013	29.26 %	30.07 %	13.38 %
2014	27.24 %	27.78 %	12.35 %
2015	29.06 %	30.40 %	12.93 %
2016	33.04 %	28.37 %	12.81 %
2017	33.32 %	29.28 %	12.82 %
2018	34.20 %	30.40 %	13.54 %
2019	21.72 %	17.97 %	5.91 %
2020	19.82 %	15.66 %	1.14 %
2021	27.38 %	25.18 %	13.62 %
2022	22.57 %	18.67 %	9.38 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	28.67 %	29.25 %	13.09 %
Q2 2014	27.89 %	28.34 %	13.40 %
Q3 2014	28.58 %	29.43 %	12.85 %
Q4 2014	25.37 %	25.83 %	9.96 %
Q1 2015	27.24 %	28.12 %	11.38 %
Q2 2015	30.22 %	30.64 %	14.66 %
Q3 2015	31.67 %	32.63 %	15.00 %
Q4 2015	26.57 %	29.64 %	10.10 %
Q1 2016	30.20 %	24.86 %	8.69 %
Q2 2016	35.57 %	30.52 %	14.69 %
Q3 2016	36.93 %	32.03 %	14.61 %
Q4 2016	29.59 %	26.54 %	12.95 %
Q1 2017	37.26 %	32.38 %	14.41 %
Q2 2017	30.04 %	28.38 %	11.57 %
Q3 2017	35.13 %	32.30 %	14.96 %
Q4 2017	30.93 %	24.34 %	10.39 %
Q1 2018	34.71 %	33.40 %	16.45 %
Q2 2018	37.20 %	33.54 %	15.47 %
Q3 2018	34.60 %	32.39 %	13.95 %
Q4 2018	30.28 %	21.74 %	7.99 %
Q1 2019	26.12 %	23.68 %	9.23 %
Q2 2019	24.48 %	19.04 %	5.82 %
Q3 2019	24.32 %	21.72 %	6.85 %
Q4 2019	10.98 %	6.41 %	1.29 %
Q1 2020	17.95 %	16.08 %	0.08 %
Q2 2020	14.57 %	14.10 %	(4.24 %)
Q3 2020	22.26 %	18.44 %	1.38 %
Q4 2020	24.23 %	13.97 %	5.93 %
Q1 2021	29.54 %	26.50 %	12.96 %
Q2 2021	32.18 %	29.21 %	18.02 %
Q3 2021	28.13 %	23.86 %	12.80 %
Q4 2021	25.54 %	22.01 %	11.19 %
Q1 2022	25.60 %	22.91 %	13.03 %
Q2 2022	26.96 %	22.50 %	14.16 %
Q3 2022	18.89 %	14.67 %	5.43 %
Q4 2022	14.44 %	9.83 %	0.10 %
Q1 2023	16.04 %	12.94 %	1.80 %
Q2 2023	15.95 %	13.75 %	3.46 %
Q3 2023	18.51 %	17.40 %	0.86 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2014	3,000.00	8.39	8.39	54.16
Q2 2014	3,000.00	8.52	8.52	53.42
Q3 2014	3,000.00	8.43	8.43	52.72
Q4 2014	3,000.00	7.81	7.81	53.78
Q1 2015	3,000.00	6.98	6.98	54.49
Q2 2015	3,000.00	6.88	6.88	53.81
Q3 2015	3,000.00	6.69	6.69	52.93
Q4 2015	3,000.00	6.26	6.39	53.97
Q1 2016	3,000.00	5.92	6.04	55.32
Q2 2016	3,000.00	5.52	5.76	53.63
Q3 2016	3,000.00	5.39	5.64	53.13
Q4 2016	3,000.00	5.87	6.11	52.51
Q1 2017	3,000.00	6.65	6.88	54.32
Q2 2017	3,000.00	6.23	6.43	52.20
Q3 2017	3,000.00	6.41	6.62	53.93
Q4 2017	3,000.00	6.14	6.40	54.64
Q1 2018	3,000.00	6.24	6.95	57.11
Q2 2018	3,000.00	7.23	7.85	54.44
Q3 2018	3,000.00	7.34	7.96	56.39
Q4 2018	3,000.00	7.17	7.63	57.69
Q1 2019	3,000.00	6.45	6.45	58.35
Q2 2019	3,000.00	4.89	4.89	56.51
Q3 2019	3,000.00	3.10	3.61	55.88
Q4 2019	3,000.00	1.73	2.67	59.57
Q1 2020	3,000.00	0.28	1.57	55.65
Q2 2020	3,000.00	(1.14)	0.54	54.50
Q3 2020	3,000.00	(1.02)	(0.07)	55.01
Q4 2020	3,000.00	0.02	0.44	55.88
Q1 2021	3,000.00	1.99	2.06	57.14
Q2 2021	3,000.00	5.28	4.95	56.45
Q3 2021	3,000.00	6.78	6.68	58.00
Q4 2021	3,000.00	7.69	7.94	60.05
Q1 2022	3,000.00	8.23	8.61	62.53
Q2 2022	3,000.00	8.32	8.70	60.22
Q3 2022	3,000.00	7.07	7.62	60.96
Q4 2022	3,000.00	5.51	5.73	62.02
Q1 2023	3,000.00	3.57	3.66	62.33
Q2 2023	3,000.00	1.32	1.41	58.93
Q3 2023	3,000.00	(0.25)	0.73	57.97

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2013	3,000.00	8.43	8.43	52.09
2014	3,000.00	7.78	7.78	53.78
2015	3,000.00	6.26	6.38	53.97
2016	3,000.00	5.87	6.11	52.51
2017	3,000.00	6.14	6.40	54.64
2018	3,000.00	7.17	7.63	57.69
2019	3,000.00	1.73	2.67	59.57
2020	3,000.00	0.02	0.44	55.88
2021	3,000.00	7.69	7.94	60.05
2022	3,000.00	5.51	5.73	62.02

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2014	14.01	14.01	2.17
Q2 2014	13.46	13.46	2.15
Q3 2014	15.57	15.57	2.49
Q4 2014	10.69	10.69	1.55
Q1 2015	11.46	11.46	1.47
Q2 2015	13.82	13.82	1.77
Q3 2015	11.76	11.76	1.49
Q4 2015	12.22	11.98	1.42
Q1 2016	12.64	12.38	1.35
Q2 2016	14.71	14.08	1.51
Q3 2016	14.97	14.32	1.52
Q4 2016	15.58	14.98	1.74
Q1 2017	14.57	14.07	1.78
Q2 2017	16.43	15.90	1.96
Q3 2017	16.03	15.53	1.91
Q4 2017	16.59	15.93	1.87
Q1 2018	18.67	16.75	2.04
Q2 2018	17.45	16.07	2.32
Q3 2018	17.10	15.76	2.22
Q4 2018	16.20	15.22	2.01
Q1 2019	19.39	19.39	2.14
Q2 2019	23.44	23.44	2.03
Q3 2019	29.65	25.51	1.65
Q4 2019	54.19	35.18	1.58
Q1 2020	More than 100	44.60	1.26
Q2 2020	NEG	More than 100	1.62
Q3 2020	NEG	NEG	1.61
Q4 2020	More than 100	More than 100	1.81
Q1 2021	58.94	57.06	2.05
Q2 2021	23.06	24.59	2.16
Q3 2021	18.78	19.06	2.20
Q4 2021	15.08	14.60	1.93
Q1 2022	15.92	15.21	2.10
Q2 2022	12.21	11.67	1.69
Q3 2022	12.56	11.65	1.46
Q4 2022	16.23	15.62	1.44
Q1 2023	25.29	24.69	1.45
Q2 2023	66.75	62.61	1.50
Q3 2023	NEG	More than 100	1.42

Period	P/E	Adjusted P/E	Price/book
2013	13.23	13.23	2.14
2014	10.73	10.73	1.55
2015	12.23	11.99	1.42
2016	15.58	14.98	1.74
2017	16.59	15.93	1.87
2018	16.20	15.22	2.01
2019	54.19	35.18	1.58
2020	More than 100	More than 100	1.81
2021	15.09	14.61	1.93
2022	16.23	15.62	1.44

Business Segments (Million)

Compared With The

Period	Consolidated	Fertilizer	Discontinued operation	Headquarters & Others	Adjustments
Q1 2014	56,362.00	1,809.27	3,729.90	3,382.36	(16062.94)
Q2 2014	55,657.69	1,653.50	3,763.80	2,988.81	(15892.13)
Q3 2014	55,728.15	2,001.26	2,891.70	3,109.06	(15659.54)
Q4 2014	49,169.09	1,783.59	3,121.59	2,605.94	(13154.46)
Q1 2015	38,571.99	1,536.62	3,071.69	2,034.46	(10651.10)
Q2 2015	48,753.89	1,498.62	3,168.16	2,381.16	(12706.56)
Q3 2015	44,576.63	1,516.72	2,276.49	2,207.92	(13225.90)
Q4 2015	38,815.62	1,413.55	2,152.13	1,985.75	(11292.09)
Q1 2016	36,009.96	1,151.04	2,407.64	16,590.12	(22690.85)
Q2 2016	40,144.35	1,196.11	2,612.40	18,495.91	(26190.44)
Q3 2016	41,183.30	1,136.61	1,549.86	18,131.31	(26203.71)
Q4 2016	43,213.13	1,217.55	2,439.43	21,307.70	(30702.59)
Q1 2017	43,365.86	1,342.01	2,062.61	21,132.68	(31582.36)
Q2 2017	40,597.88	1,207.35	1,874.58	19,335.71	(28577.34)
Q3 2017	48,770.97	1,150.65	2,376.33	22,248.45	(35867.65)
Q1 2018	36,868.48	1,724.61	3,268.50	-	-
Q2 2018	38,307.47	2,118.96	2,858.17	-	-
Q3 2018	39,050.58	2,135.48	2,525.87	-	-
Q4 2018	36,195.52	1,959.00	2,115.69	-	-
Q1 2019	30,944.66	1,810.55	3,255.19	-	-
Q2 2019	30,536.22	1,801.59	2,561.34	-	-
Q3 2019	28,825.18	1,679.27	2,305.18	-	-
Q4 2019	27,181.32	1,826.98	2,668.54	-	-
Q1 2020	25,957.94	1,470.01	2,765.19	-	-
Q2 2020	20,917.56	1,870.70	1,831.17	-	-
Q3 2020	25,154.78	1,742.85	2,397.45	-	-
Q4 2020	28,607.57	1,706.63	2,527.44	-	-
Q1 2021	32,709.68	1,840.00	2,981.00	-	-
Q2 2021	36,430.48	2,478.05	3,510.67	-	-
Q3 2021	37,856.20	2,742.03	3,099.69	-	-
Q4 2021	42,883.42	5,132.80	3,219.12	-	-
Q1 2022	44,281.86	4,044.45	4,315.28	-	-
Q2 2022	46,210.88	5,687.48	4,077.93	-	-
Q3 2022	39,051.82	4,264.32	-	-	-
Q4 2022	35,301.43	4,234.35	-	-	-
Q1 2023	34,007.34	2,425.03	-	-	-
Q2 2023	31,602.85	2,494.53	-	-	-
Q3 2023	33,505.36	2,469.95	-	-	-

Period	Consolidated	Fertilizer	Discontinued operation	Headquarters & Others	Adjustments
2013	220,293.08	7,284.88	14,277.66	11,293.94	(64163.53)
2014	216,916.93	7,247.62	13,506.99	12,086.17	(60769.07)
2015	170,718.13	5,965.51	10,668.47	8,609.29	(47875.66)
2016	160,550.74	4,701.31	9,009.32	74,525.04	(105787.59)
2017	135,301.99	5,909.39	8,554.59	-	-
2018	150,422.06	7,938.05	10,768.23	-	-
2019	117,487.38	7,118.39	10,790.24	-	-
2020	100,637.85	6,790.18	9,521.25	-	-
2021	149,879.77	12,192.88	12,810.48	-	-
2022	164,845.99	18,230.61	-	-	-

Analysts Estimates (Million)

Item	Q3 2023 (e)	Q3 2023 (a)	Change‬
Average	237.53	(2876.36)	(1310.9 %)

Estimates vs Actual (Million)

Item	Q3 2023 (e)	Q3 2023 (a)	Change
Hermes	(1506.00)	(2876.36)	(91.0) %
OSOOL AND BAKHEET	(880.10)	(2876.36)	(226.8) %
Value Capital	1,933.82	(2876.36)	(248.7) %
JP Morgan	1,840.00	(2876.36)	(256.3) %
Riyad Capital	(717.00)	(2876.36)	(301.2) %
Arqaam Capital	(691.00)	(2876.36)	(316.3) %
U-Capital	1,117.00	(2876.36)	(357.5) %
AlJazira Capital	708.00	(2876.36)	(506.3) %
Bank of America	529.63	(2876.36)	(643.1) %
Al Rajhi Capital	522.00	(2876.36)	(651.0) %
SNB Capital	(336.00)	(2876.36)	(756.1) %
Goldman Sachs	330.00	(2876.36)	(971.6) %

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SABIC incurs SAR 1 bln loss in 9M 2023, SAR 2.9 bln in Q3 on Hadeed sale

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SABIC incurs SAR 1 bln loss in 9M 2023, SAR 2.9 bln in Q3 on Hadeed sale

Financials (M)

Current Quarter Comparison (M)

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Share Price

Saudi Basic Industries Corp. (SABIC)

Financial Ratios

Financial results (Million)

Financial results (Million)

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Profitability

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