Saudi Kayan widens 9M 2023 loss to SAR 1.51 bln; Q3 at SAR 449 mln

23/10/2023 Argaam Exclusive

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Saudi Kayan Petrochemical Co. (Saudi Kayan) posted a net loss of SAR 1.51 billion for the first nine months of 2023, compared with SAR 452.8 million in the year-ago period.

Financials (M)

Item	9m 2022	9m 2023	Change‬
Revenues	9,141.04	6,029.05	(34.0 %)
Gross Income	415.55	(575.42)	(238.5 %)
Operating Income	(125.04)	(1033.24)	(726.4 %)
Net Income	(452.77)	(1514.38)	(234.5 %)
Average Shares	1,500.00	1,500.00	-
EPS (Riyals)	(0.30)	(1.01)	(234.5 %)

The nine-month losses were attributed to a decrease in the average selling prices of products and sales volume due to the scheduled periodic maintenance of some plants that were previously announced on Jan. 18, 2023.

This was in addition to an increase in financing costs and a provision of SAR 75 million for property, plants and equipment that were affected by the fire accident in the operating unit of the bisphenol plant. On the other hand, the company recorded a decrease in the average feedstock cost.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2022	Q3 2023	Change‬
Revenues	2,596.32	2,137.26	(17.7 %)
Gross Income	(488.69)	(120.62)	75.3 %
Operating Income	(675.56)	(274.06)	59.4 %
Net Income	(812.27)	(448.98)	44.7 %
Average Shares	1,500.00	1,500.00	-
EPS (Riyals)	(0.54)	(0.30)	44.7 %

Item	Q2 2023	Q3 2023	Change‬
Revenues	2,209.30	2,137.26	(3.3 %)
Gross Income	(111.04)	(120.62)	(8.6 %)
Operating Income	(262.89)	(274.06)	(4.3 %)
Net Income	(392.13)	(448.98)	(14.5 %)
Average Shares	1,500.00	1,500.00	-
EPS (Riyals)	(0.26)	(0.30)	(14.5 %)

In Q3 2022, the petrochemical producer reported a net loss of SAR 449 million, compared with SAR 812.27 million a year earlier.

This was mainly due to the lower average cost of feedstock and recording a provision of SAR 75 million for property, plants and equipment that were affected by the fire accident in the operating unit of the bisphenol plant.

Compared with the previous quarter, Saudi Kayan widened Q3 loss from SAR 392.13 million.

Shareholders’ equity, no minority interest, increased to SAR 140.23 billion as of Sept. 30, 2023, compared to SAR 16.33 billion in the year-earlier period.

View More Financial Results

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2014	2,909.36	39.9 %	260.96	344.4 %	161.50	1604.9 %
Q2 2014	2,965.26	29.6 %	126.54	728.2 %	7.23	106.8 %
Q3 2014	3,235.38	6.0 %	317.95	4.3 %	207.06	4.5 %
Q4 2014	2,526.04	(13.9 %)	267.87	1.3 %	144.72	(9.7 %)
2014	11,636.03	12.4 %	975.60	56.1 %	522.78	102.4 %
Q1 2015	1,752.65	(39.8 %)	(367.86)	(241.0 %)	(442.91)	(374.2 %)
Q2 2015	2,149.08	(27.5 %)	257.85	103.8 %	150.02	1975.8 %
Q3 2015	2,194.63	(32.2 %)	269.19	(15.3 %)	174.88	(15.5 %)
Q4 2015	1,879.36	(25.6 %)	(368.21)	(237.5 %)	(475.53)	(428.6 %)
2015	7,975.72	(31.5 %)	(209.04)	(121.4 %)	(593.53)	(213.5 %)
Q1 2016	1,692.59	(3.4 %)	185.21	150.3 %	11.55	102.6 %
Q2 2016	2,154.63	0.3 %	508.21	97.1 %	311.41	107.6 %
Q3 2016	2,313.08	5.4 %	579.95	115.4 %	385.77	120.6 %
Q4 2016	2,448.52	30.3 %	531.95	244.5 %	350.46	173.7 %
2016	8,608.82	7.9 %	1,766.26	944.9 %	1,059.20	278.5 %
Q1 2017	2,667.18	57.6 %	726.70	292.4 %	554.92	4703.2 %
Q2 2017	2,308.72	7.2 %	582.69	14.7 %	438.87	40.9 %
Q3 2017	2,703.09	16.9 %	780.94	34.7 %	624.02	61.8 %
Q4 2017	2,304.93	(5.9 %)	155.60	(70.7 %)	11.62	(96.7 %)
2017	9,983.93	16.0 %	2,228.39	26.2 %	1,630.48	53.9 %
Q1 2018	2,727.33	2.3 %	861.63	18.6 %	721.07	29.9 %
Q2 2018	3,524.25	52.6 %	1,300.66	123.2 %	1,116.46	154.4 %
Q3 2018	3,376.06	24.9 %	929.49	19.0 %	761.53	22.0 %
Q4 2018	2,635.52	14.3 %	273.55	75.8 %	61.53	429.5 %
2018	12,263.16	22.8 %	3,365.33	51.0 %	2,660.58	63.2 %
Q1 2019	2,544.34	(6.7 %)	265.99	(69.1 %)	98.49	(86.3 %)
Q2 2019	2,429.18	(31.1 %)	196.70	(84.9 %)	39.59	(96.5 %)
Q3 2019	2,303.21	(31.8 %)	379.59	(59.2 %)	201.23	(73.6 %)
Q4 2019	2,259.67	(14.3 %)	229.92	(15.9 %)	39.70	(35.5 %)
2019	9,536.40	(22.2 %)	1,072.21	(68.1 %)	379.00	(85.8 %)
Q1 2020	1,887.93	(25.8 %)	(220.77)	(183.0 %)	(350.93)	(456.3 %)
Q2 2020	1,536.91	(36.7 %)	(70.76)	(136.0 %)	(215.41)	(644.1 %)
Q3 2020	2,105.54	(8.6 %)	236.53	(37.7 %)	79.72	(60.4 %)
Q4 2020	2,476.95	9.6 %	480.88	109.1 %	299.91	655.5 %
2020	8,007.33	(16.0 %)	447.88	(58.2 %)	(167.38)	(144.2 %)
Q1 2021	2,683.33	42.1 %	757.71	443.2 %	593.12	269.0 %
Q2 2021	2,973.71	93.5 %	1,048.75	1582.2 %	901.23	518.4 %
Q3 2021	3,434.07	63.1 %	983.04	315.6 %	788.81	889.4 %
Q4 2021	3,565.10	43.9 %	768.16	59.7 %	540.98	80.4 %
2021	12,656.21	58.1 %	3,557.65	694.3 %	2,824.13	1787.2 %
Q1 2022	3,137.89	16.9 %	468.79	(38.1 %)	304.33	(48.7 %)
Q2 2022	3,406.82	14.6 %	435.45	(58.5 %)	246.20	(72.7 %)
Q3 2022	2,596.32	(24.4 %)	(488.69)	(149.7 %)	(675.56)	(185.6 %)
Q4 2022	2,016.98	(43.4 %)	(512.39)	(166.7 %)	(711.03)	(231.4 %)
2022	11,157.02	(11.8 %)	(96.84)	(102.7 %)	(836.07)	(129.6 %)
Q1 2023	1,682.49	(46.4 %)	(339.36)	(172.4 %)	(496.29)	(263.1 %)
Q2 2023	2,209.30	(35.2 %)	(111.04)	(125.5 %)	(262.89)	(206.8 %)
Q3 2023	2,137.26	(17.7 %)	(120.62)	75.3 %	(274.06)	59.4 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2013	10,352.65	9.2 %	625.10	312.3 %	258.26	244.4 %
2014	11,636.03	12.4 %	975.60	56.1 %	522.78	102.4 %
2015	7,975.72	(31.5 %)	(209.04)	(121.4 %)	(593.53)	(213.5 %)
2016	8,608.82	7.9 %	1,766.26	944.9 %	1,059.20	278.5 %
2017	9,983.93	16.0 %	2,228.39	26.2 %	1,630.48	53.9 %
2018	12,263.16	22.8 %	3,365.33	51.0 %	2,660.58	63.2 %
2019	9,536.40	(22.2 %)	1,072.21	(68.1 %)	379.00	(85.8 %)
2020	8,007.33	(16.0 %)	447.88	(58.2 %)	(167.38)	(144.2 %)
2021	12,656.21	58.1 %	3,557.65	694.3 %	2,824.13	1787.2 %
2022	11,157.02	(11.8 %)	(96.84)	(102.7 %)	(836.07)	(129.6 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2014	9.94	106.4 %	0.01	-	9.94	0.01
Q2 2014	(133.09)	44.1 %	(0.09)	-	(133.09)	(0.09)
Q3 2014	66.91	54.6 %	0.04	-	66.91	0.04
Q4 2014	11.78	244.7 %	0.01	-	11.78	0.01
2014	(44.71)	87.1 %	(0.03)	-	(44.71)	(0.03)
Q1 2015	(591.64)	(6052.2 %)	(0.39)	-	(591.64)	(0.39)
Q2 2015	(13.42)	89.9 %	(0.01)	-	(13.42)	(0.01)
Q3 2015	(13.81)	(120.6 %)	(0.01)	-	(13.81)	(0.01)
Q4 2015	(624.14)	(5397.8 %)	(0.42)	-	(624.14)	(0.42)
2015	(1243.01)	(2,680.5 %)	(0.83)	-	(1243.01)	(0.83)
Q1 2016	(194.99)	67.0 %	(0.13)	(22.64)	(172.35)	(0.11)
Q2 2016	97.31	825.1 %	0.06	(6.23)	103.54	0.07
Q3 2016	158.16	1245.6 %	0.11	-	158.16	0.11
Q4 2016	91.58	114.7 %	0.06	-	91.58	0.06
2016	152.06	112.2 %	0.10	(28.87)	180.93	0.12
Q1 2017	265.46	236.1 %	0.18	(68.78)	334.24	0.22
Q2 2017	242.01	148.7 %	0.16	(1.75)	243.75	0.16
Q3 2017	381.03	140.9 %	0.25	(2.16)	383.19	0.26
Q4 2017	(220.32)	(340.6 %)	(0.15)	(4.13)	(216.20)	(0.14)
2017	668.17	339.4 %	0.45	(76.81)	744.98	0.50
Q1 2018	462.58	74.3 %	0.31	(23.51)	486.09	0.32
Q2 2018	878.66	263.1 %	0.59	(1.33)	879.99	0.59
Q3 2018	471.91	23.8 %	0.31	-	471.91	0.31
Q4 2018	(110.90)	49.7 %	(0.07)	-	(110.90)	(0.07)
2018	1,702.25	154.8 %	1.13	(24.84)	1,727.09	1.15
Q1 2019	(197.49)	(142.7 %)	(0.13)	-	(197.49)	(0.13)
Q2 2019	(273.13)	(131.1 %)	(0.18)	-	(273.13)	(0.18)
Q3 2019	1.26	(99.7 %)	0.00	-	1.26	0.00
Q4 2019	(167.41)	(51.0 %)	(0.11)	-	(167.41)	(0.11)
2019	(636.78)	(137.4 %)	(0.42)	-	(636.78)	(0.42)
Q1 2020	(516.79)	(161.7 %)	(0.34)	-	(516.79)	(0.34)
Q2 2020	(398.19)	(45.8 %)	(0.27)	-	(398.19)	(0.27)
Q3 2020	(28.16)	(2342.1 %)	(0.02)	-	(28.16)	(0.02)
Q4 2020	158.42	194.6 %	0.11	(34.93)	193.35	0.13
2020	(784.73)	(23.2 %)	(0.52)	(34.93)	(749.79)	(0.50)
Q1 2021	492.89	195.4 %	0.33	-	492.89	0.33
Q2 2021	781.00	296.1 %	0.52	-	781.00	0.52
Q3 2021	667.45	2470.1 %	0.44	-	667.45	0.44
Q4 2021	449.28	183.6 %	0.30	-	449.28	0.30
2021	2,390.62	404.6 %	1.59	-	2,390.62	1.59
Q1 2022	209.38	(57.5 %)	0.14	-	209.38	0.14
Q2 2022	150.13	(80.8 %)	0.10	-	150.13	0.10
Q3 2022	(812.27)	(221.7 %)	(0.54)	-	(812.27)	(0.54)
Q4 2022	(791.12)	(276.1 %)	(0.53)	-	(791.12)	(0.53)
2022	(1243.89)	(152.0 %)	(0.83)	-	(1243.89)	(0.83)
Q1 2023	(673.27)	(421.6 %)	(0.45)	-	(673.27)	(0.45)
Q2 2023	(392.13)	(361.2 %)	(0.26)	17.00	(409.13)	(0.27)
Q3 2023	(448.98)	44.7 %	(0.30)	-	(448.98)	(0.30)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2013	(346.41)	55.1 %	(0.23)	-	(346.41)	(0.23)
2014	(44.71)	87.1 %	(0.03)	-	(44.71)	(0.03)
2015	(1243.01)	(2,680.5 %)	(0.83)	-	(1243.01)	(0.83)
2016	152.06	112.2 %	0.10	(28.87)	180.93	0.12
2017	668.17	339.4 %	0.45	(76.81)	744.98	0.50
2018	1,702.25	154.8 %	1.13	(24.84)	1,727.09	1.15
2019	(636.78)	(137.4 %)	(0.42)	-	(636.78)	(0.42)
2020	(784.73)	(23.2 %)	(0.52)	(34.93)	(749.79)	(0.50)
2021	2,390.62	404.6 %	1.59	-	2,390.62	1.59
2022	(1243.89)	(152.0 %)	(0.83)	-	(1243.89)	(0.83)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	7.25 %	24.70 %	(1.62 %)
Q2 2014	8.07 %	22.57 %	(0.64 %)
Q3 2014	8.05 %	21.45 %	(0.44 %)
Q4 2014	8.36 %	25.33 %	(0.38 %)
2014	8.38 %	25.35 %	(0.38 %)
Q1 2015	3.29 %	22.85 %	(6.16 %)
Q2 2015	4.92 %	26.19 %	(5.45 %)
Q3 2015	4.95 %	28.93 %	(7.04 %)
Q4 2015	(2.62 %)	23.62 %	(15.58 %)
2015	(2.62 %)	23.62 %	(15.58 %)
Q1 2016	4.35 %	28.35 %	(10.41 %)
Q2 2016	7.50 %	29.78 %	(8.92 %)
Q3 2016	11.26 %	31.82 %	(6.65 %)
Q4 2016	20.97 %	39.26 %	2.10 %
2016	20.52 %	39.26 %	2.10 %
Q1 2017	24.49 %	41.16 %	7.17 %
Q2 2017	24.87 %	41.90 %	8.50 %
Q3 2017	25.89 %	42.76 %	10.39 %
Q4 2017	22.50 %	39.48 %	7.46 %
2017	22.32 %	39.49 %	7.46 %
Q1 2018	23.70 %	40.57 %	8.93 %
Q2 2018	27.52 %	42.11 %	13.62 %
Q3 2018	27.21 %	40.68 %	13.59 %
Q4 2018	27.44 %	40.23 %	14.08 %
2018	27.44 %	40.23 %	14.08 %
Q1 2019	22.93 %	35.96 %	8.64 %
Q2 2019	15.16 %	29.92 %	(1.00 %)
Q3 2019	11.26 %	27.64 %	(5.85 %)
Q4 2019	11.24 %	28.50 %	(6.68 %)
2019	11.24 %	28.50 %	(6.68 %)
Q1 2020	6.59 %	25.47 %	(10.77 %)
Q2 2020	3.98 %	24.94 %	(13.54 %)
Q3 2020	2.25 %	23.88 %	(14.26 %)
Q4 2020	5.32 %	27.22 %	(9.36 %)
2020	5.59 %	27.46 %	(9.36 %)
Q1 2021	15.95 %	35.84 %	2.95 %
Q2 2021	24.65 %	41.94 %	14.05 %
Q3 2021	28.27 %	43.47 %	18.45 %
Q4 2021	28.11 %	41.44 %	18.89 %
2021	28.11 %	41.44 %	18.89 %
Q1 2022	24.93 %	37.69 %	16.07 %
Q2 2022	19.61 %	31.67 %	10.90 %
Q3 2022	9.32 %	22.27 %	(0.03 %)
Q4 2022	(0.87 %)	14.02 %	(11.15 %)
2022	(0.87 %)	14.02 %	(11.15 %)
Q1 2023	(9.33 %)	7.73 %	(21.92 %)
Q2 2023	(17.07 %)	2.86 %	(31.58 %)
Q3 2023	(13.47 %)	8.64 %	(28.87 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2013	6.04 %	24.41 %	(3.35 %)
2014	8.38 %	25.35 %	(0.38 %)
2015	(2.62 %)	23.62 %	(15.58 %)
2016	20.52 %	39.26 %	2.10 %
2017	22.32 %	39.49 %	7.46 %
2018	27.44 %	40.23 %	14.08 %
2019	11.24 %	28.50 %	(6.68 %)
2020	5.59 %	27.46 %	(9.36 %)
2021	28.11 %	41.44 %	18.89 %
2022	(0.87 %)	14.02 %	(11.15 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	8.97 %	26.18 %	0.34 %
Q2 2014	4.27 %	21.38 %	(4.49 %)
Q3 2014	9.83 %	25.10 %	2.07 %
Q4 2014	10.60 %	29.30 %	0.47 %
Q1 2015	(20.99 %)	11.87 %	(33.76 %)
Q2 2015	12.00 %	35.84 %	(0.62 %)
Q3 2015	12.27 %	35.37 %	(0.63 %)
Q4 2015	(19.59 %)	6.89 %	(33.21 %)
Q1 2016	10.94 %	33.59 %	(10.18 %)
Q2 2016	23.59 %	41.06 %	4.81 %
Q3 2016	25.07 %	42.17 %	6.84 %
Q4 2016	21.73 %	38.86 %	3.74 %
Q1 2017	27.25 %	42.46 %	12.53 %
Q2 2017	25.24 %	44.19 %	10.56 %
Q3 2017	28.89 %	45.37 %	14.18 %
Q4 2017	6.75 %	24.40 %	(9.38 %)
Q1 2018	31.59 %	46.40 %	17.82 %
Q2 2018	36.91 %	47.86 %	24.97 %
Q3 2018	27.53 %	39.68 %	13.98 %
Q4 2018	10.38 %	24.32 %	(4.21 %)
Q1 2019	10.45 %	26.59 %	(7.76 %)
Q2 2019	8.10 %	25.93 %	(11.24 %)
Q3 2019	16.48 %	34.42 %	0.05 %
Q4 2019	10.17 %	27.38 %	(7.41 %)
Q1 2020	(11.69 %)	11.67 %	(27.37 %)
Q2 2020	(4.60 %)	23.44 %	(25.91 %)
Q3 2020	11.23 %	31.40 %	(1.34 %)
Q4 2020	19.41 %	37.86 %	7.81 %
Q1 2021	28.24 %	44.56 %	18.37 %
Q2 2021	35.27 %	50.46 %	26.26 %
Q3 2021	28.63 %	40.62 %	19.44 %
Q4 2021	21.55 %	32.38 %	12.60 %
Q1 2022	14.94 %	28.41 %	6.67 %
Q2 2022	12.78 %	24.89 %	4.41 %
Q3 2022	(18.82 %)	(2.47 %)	(31.29 %)
Q4 2022	(25.40 %)	(5.53 %)	(39.22 %)
Q1 2023	(20.17 %)	4.59 %	(40.02 %)
Q2 2023	(5.03 %)	15.46 %	(18.52 %)
Q3 2023	(5.64 %)	18.17 %	(21.01 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2014	1,500.00	(0.12)	(0.12)	9.40
Q2 2014	1,500.00	(0.05)	(0.05)	9.31
Q3 2014	1,500.00	(0.04)	(0.04)	9.36
Q4 2014	1,500.00	(0.03)	(0.03)	9.37
Q1 2015	1,500.00	(0.43)	(0.43)	8.97
Q2 2015	1,500.00	(0.35)	(0.35)	8.96
Q3 2015	1,500.00	(0.40)	(0.40)	8.95
Q4 2015	1,500.00	(0.83)	(0.83)	8.54
Q1 2016	1,500.00	(0.56)	(0.55)	8.58
Q2 2016	1,500.00	(0.49)	(0.47)	8.45
Q3 2016	1,500.00	(0.38)	(0.36)	8.56
Q4 2016	1,500.00	0.10	0.12	8.83
Q1 2017	1,500.00	0.41	0.46	9.01
Q2 2017	1,500.00	0.50	0.55	9.17
Q3 2017	1,500.00	0.65	0.70	9.42
Q4 2017	1,500.00	0.45	0.50	9.27
Q1 2018	1,500.00	0.58	0.60	9.60
Q2 2018	1,500.00	1.00	1.02	10.18
Q3 2018	1,500.00	1.06	1.08	10.50
Q4 2018	1,500.00	1.13	1.15	10.47
Q1 2019	1,500.00	0.69	0.70	10.32
Q2 2019	1,500.00	(0.07)	(0.07)	10.13
Q3 2019	1,500.00	(0.39)	(0.39)	10.08
Q4 2019	1,500.00	(0.42)	(0.42)	9.97
Q1 2020	1,500.00	(0.64)	(0.64)	9.62
Q2 2020	1,500.00	(0.72)	(0.72)	9.33
Q3 2020	1,500.00	(0.74)	(0.74)	9.30
Q4 2020	1,500.00	(0.52)	(0.50)	9.34
Q1 2021	1,500.00	0.15	0.17	9.71
Q2 2021	1,500.00	0.94	0.96	10.21
Q3 2021	1,500.00	1.40	1.42	10.65
Q4 2021	1,500.00	1.59	1.59	10.98
Q1 2022	1,500.00	1.40	1.40	11.18
Q2 2022	1,500.00	0.98	0.98	11.36
Q3 2022	1,500.00	0.00	0.00	10.89
Q4 2022	1,500.00	(0.83)	(0.83)	10.32
Q1 2023	1,500.00	(1.42)	(1.42)	9.86
Q2 2023	1,500.00	(1.78)	(1.79)	9.61
Q3 2023	1,500.00	(1.54)	(1.55)	9.35

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2013	1,500.00	(0.23)	(0.23)	9.40
2014	1,500.00	(0.03)	(0.03)	9.37
2015	1,500.00	(0.83)	(0.83)	8.54
2016	1,500.00	0.10	0.12	8.83
2017	1,500.00	0.45	0.50	9.27
2018	1,500.00	1.13	1.15	10.47
2019	1,500.00	(0.42)	(0.42)	9.97
2020	1,500.00	(0.52)	(0.50)	9.34
2021	1,500.00	1.59	1.59	10.98
2022	1,500.00	(0.83)	(0.83)	10.32

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2014	NEG	NEG	1.76
Q2 2014	NEG	NEG	1.58
Q3 2014	NEG	NEG	1.78
Q4 2014	NEG	NEG	1.17
Q1 2015	NEG	NEG	1.20
Q2 2015	NEG	NEG	1.20
Q3 2015	NEG	NEG	0.93
Q4 2015	NEG	NEG	0.79
Q1 2016	NEG	NEG	0.59
Q2 2016	NEG	NEG	0.77
Q3 2016	NEG	NEG	0.63
Q4 2016	87.20	73.29	1.00
Q1 2017	19.42	17.30	0.88
Q2 2017	17.45	15.97	0.96
Q3 2017	13.82	12.87	0.96
Q4 2017	23.98	21.50	1.15
Q1 2018	23.71	22.88	1.43
Q2 2018	15.76	15.44	1.55
Q3 2018	15.90	15.61	1.61
Q4 2018	11.63	11.46	1.26
Q1 2019	20.24	20.21	1.36
Q2 2019	NEG	NEG	1.21
Q3 2019	NEG	NEG	1.01
Q4 2019	NEG	NEG	1.11
Q1 2020	NEG	NEG	0.75
Q2 2020	NEG	NEG	0.88
Q3 2020	NEG	NEG	1.26
Q4 2020	NEG	NEG	1.53
Q1 2021	More than 100	92.00	1.64
Q2 2021	19.29	18.82	1.77
Q3 2021	14.66	14.42	1.93
Q4 2021	10.68	10.68	1.55
Q1 2022	16.09	16.09	2.02
Q2 2022	16.03	16.03	1.39
Q3 2022	NEG	NEG	1.26
Q4 2022	NEG	NEG	1.32
Q1 2023	NEG	NEG	1.23
Q2 2023	NEG	NEG	1.44
Q3 2023	NEG	NEG	1.34

Period	P/E	Adjusted P/E	Price/book
2013	NEG	NEG	1.67
2014	NEG	NEG	1.17
2015	NEG	NEG	0.79
2016	87.20	73.29	1.00
2017	23.98	21.50	1.15
2018	11.63	11.46	1.26
2019	NEG	NEG	1.11
2020	NEG	NEG	1.53
2021	10.68	10.68	1.55
2022	NEG	NEG	1.32

Analysts Estimates (Million)

Item	Q3 2023 (e)	Q3 2023 (a)	Change‬
Average	(270.72)	(448.98)	(65.8 %)

Estimates vs Actual (Million)

Item	Q3 2023 (e)	Q3 2023 (a)	Change
Goldman Sachs	(345.00)	(448.98)	(30.1) %
OSOOL AND BAKHEET	(342.70)	(448.98)	(31.0) %
AlJazira Capital	(331.00)	(448.98)	(35.6) %
Riyad Capital	(321.00)	(448.98)	(39.9) %
Arqaam Capital	(312.00)	(448.98)	(43.9) %
JP Morgan	(253.00)	(448.98)	(77.5) %
SNB Capital	(251.00)	(448.98)	(78.9) %
Bank of America	(10.07)	(448.98)	(4358.5) %

Financial Ratios

	Current
Market Cap (M Riyal)	10,305.00
Enterprise Value (EV) (M)	18,965.11
Shares Outstanding ((M))	1,500.00
EPS ( Riyal) (TTM)	(1.16)
Book Value (BV) ( Riyal)	8.10
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	NEG
Price/book	0.85
Return on Average Assets (%) (TTM)	(6.64 )
Return on Average Equity (%) (TTM)	(13.30 )

Saudi Kayan Petrochemical Co. (SAUDI KAYAN)

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Saudi Kayan widens 9M 2023 loss to SAR 1.51 bln; Q3 at SAR 449 mln

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Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Saudi Kayan Petrochemical Co. (SAUDI KAYAN)

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Saudi Kayan widens 9M 2023 loss to SAR 1.51 bln; Q3 at SAR 449 mln

View other reports

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Saudi Kayan Petrochemical Co. (SAUDI KAYAN)

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