Saudi Kayan cuts H1 2024 loss to SAR 821.9M; Q2 at SAR 250.1M

28/07/2024 Argaam Exclusive

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Saudi Kayan Petrochemical Co. narrowed H1 2024 net losses to SAR 821.9 million, from SAR 1.06 billion a year earlier.

Financials (M)

Item	6m 2023	6m 2024	Change‬
Revenues	3,891.79	4,082.08	4.9 %
Gross Income	(450.40)	(308.92)	31.4 %
Operating Income	(759.18)	(645.60)	15.0 %
Net Income	(1065.40)	(821.95)	22.9 %
Average Shares	1,500.00	1,500.00	-
EPS (Riyals)	(0.71)	(0.55)	22.9 %

The lower losses were driven by higher revenue in the six-month period, in addition to better sales volumes and a decline in production costs. Saudi Kayan partially collected the Bisphenol plant insurance claim of SAR 177 million in the same period.

In Q2 2024, net losses narrowed by 36.2% to SAR 250.1 million, from SAR 392.1 million in the prior-year period. The drop in the quarterly net losses was attributed to an increase in average product selling prices. The company alsopartially collected the Bisphenol plant insurance claim of SAR 130 million during the quarter.

On the other hand, the second-quarter revenue decreased on an annual basis amid lower sales volumes.

Similarly, the petrochemical producer’s net losses plunged by 56.3% from SAR 571.8 million in Q1 2024 as revenues soared on a sequential basis amid higher average selling prices.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2023	Q2 2024	Change‬
Revenues	2,209.30	2,106.24	(4.7 %)
Gross Income	(111.04)	(34.10)	69.3 %
Operating Income	(262.89)	(203.60)	22.6 %
Net Income	(392.13)	(250.09)	36.2 %
Average Shares	1,500.00	1,500.00	-
EPS (Riyals)	(0.26)	(0.17)	36.2 %

Item	Q1 2024	Q2 2024	Change‬
Revenues	1,975.84	2,106.24	6.6 %
Gross Income	(274.82)	(34.10)	87.6 %
Operating Income	(393.40)	(203.60)	48.2 %
Net Income	(571.86)	(250.09)	56.3 %
Average Shares	1,500.00	1,500.00	-
EPS (Riyals)	(0.38)	(0.17)	56.3 %

Total shareholders’ equity, no minority interest, stood at SAR 12.51 billion as of June 30, 2024, down from SAR 14.41 billion a year earlier.

Accumulated losses amounted to SAR 3.53 billion at the end of the current period, representing 23.6% of the company's capital.

Attached Documents:

View More Financial Results

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
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 %
Q4 2023	2,141.60	6.2 %	(271.02)	47.1 %	(436.89)	38.6 %
2023	8,170.64	(26.8 %)	(846.44)	(774.1 %)	(1470.13)	(75.8 %)
Q1 2024	1,975.84	17.4 %	(274.82)	19.0 %	(393.40)	20.7 %
Q2 2024	2,106.24	(4.7 %)	(34.10)	69.3 %	(203.60)	22.6 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
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 %)
2023	8,170.64	(26.8 %)	(846.44)	(774.1 %)	(1470.13)	(75.8 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
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)
Q4 2023	(622.10)	21.4 %	(0.41)	-	(622.10)	(0.41)
2023	(2136.47)	(71.8 %)	(1.42)	17.00	(2153.47)	(1.44)
Q1 2024	(571.86)	15.1 %	(0.38)	46.70	(618.56)	(0.41)
Q2 2024	(250.09)	36.2 %	(0.17)	141.31	(391.40)	(0.26)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
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)
2023	(2136.47)	(71.8 %)	(1.42)	17.00	(2153.47)	(1.44)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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 %)
Q4 2023	(10.31 %)	12.11 %	(26.36 %)
2023	(10.36 %)	12.11 %	(26.36 %)
Q1 2024	(9.19 %)	13.32 %	(24.80 %)
Q2 2024	(8.38 %)	14.33 %	(24.89 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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 %)
2023	(10.36 %)	12.11 %	(26.36 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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 %)
Q4 2023	(12.66 %)	8.52 %	(29.05 %)
Q1 2024	(13.91 %)	10.88 %	(31.31 %)
Q2 2024	(1.62 %)	19.56 %	(18.58 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
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
Q4 2023	1,500.00	(1.42)	(1.44)	8.86
Q1 2024	1,500.00	(1.36)	(1.40)	8.50
Q2 2024	1,500.00	(1.26)	(1.39)	8.34

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
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
2023	1,500.00	(1.42)	(1.44)	8.86

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
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
Q4 2023	NEG	NEG	1.24
Q1 2024	NEG	NEG	1.07
Q2 2024	NEG	NEG	0.97

Period	P/E	Adjusted P/E	Price/book
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
2023	NEG	NEG	1.24

Analysts Estimates (Million)

Item	Q2 2024 (e)	Q2 2024 (a)	Change‬
Average	(457.56)	(250.09)	45.34 %

Estimates vs Actual (Million)

Item	Q2 2024 (e)	Q2 2024 (a)	Change
Arqaam Capital	(421.00)	(250.09)	40.6 %
JP Morgan	(451.00)	(250.09)	44.5 %
OSOOL AND BAKHEET	(486.27)	(250.09)	48.6 %
AlJazira Capital	(503.60)	(250.09)	50.3 %
SNB Capital	(516.00)	(250.09)	51.5 %
GIB Capital	(517.00)	(250.09)	51.6 %
Riyad Capital	(524.00)	(250.09)	52.3 %
Bank of America	(534.60)	(250.09)	53.2 %
Goldman Sachs	(555.00)	(250.09)	54.9 %
Citi Bank Group	(67.12)	(250.09)	(272.6) %

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 cuts H1 2024 loss to SAR 821.9M; Q2 at SAR 250.1M

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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 cuts H1 2024 loss to SAR 821.9M; Q2 at SAR 250.1M

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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