Petro Rabigh swings to SAR 1.588 bln profit in 9M 2021

26/10/2021 Argaam Exclusive

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Rabigh Refining and Petrochemical Co. (Petro Rabigh) reported a net profit after Zakat and tax of SAR 1.588 billion for the first nine months of 2021, versus a net loss after Zakat and tax of SAR 3.842 billion in the prior-year period.

This profit was driven by higher petrochemicals margins and improved market conditions. In addition, the first nine months of 2020 witnessed a 60-day complex shutdown, coupled with lower demand and decreased margins.

Financials (M)

Item	9m 2020	9m 2021	Change‬
Revenues	13,819.74	32,521.78	135.3 %
Gross Income	(1705.39)	3,588.81	310.4 %
Operating Income	(2807.13)	2,370.32	184.4 %
Net Income	(3841.73)	1,587.76	141.3 %
Average Shares	1,250.63	1,250.63	-
EPS (Riyals)	(3.07)	1.27	141.3 %

The Q3 2021 net profit after Zakat and tax stood at SAR 221 million, versus a net loss after Zakat and tax of SAR 610 million in the year-earlier period, on higher product margins, due to an improvement in market conditions and the gradual recovery of the global economy.

In addition, plant operations were relatively stable for the current quarter, compared to the same quarter last year.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2020	Q3 2021	Change‬
Revenues	7,051.72	11,276.98	59.9 %
Gross Income	133.19	935.43	602.3 %
Operating Income	(303.97)	467.94	253.9 %
Net Income	(609.80)	221.45	136.3 %
Average Shares	1,250.63	1,250.63	-
EPS (Riyals)	(0.49)	0.18	136.3 %

Item	Q2 2021	Q3 2021	Change‬
Revenues	11,109.27	11,276.98	1.5 %
Gross Income	1,367.05	935.43	(31.6 %)
Operating Income	989.49	467.94	(52.7 %)
Net Income	716.94	221.45	(69.1 %)
Average Shares	1,250.63	1,250.63	-
EPS (Riyals)	0.57	0.18	(69.1 %)

On a sequential basis, net profit tumbled 69.2%.

Total shareholders’ equity, after minority interest, increased by 25.8% year-on-year (YoY) to SAR 7.802 billion at the end of the nine-month period.

The accumulated losses decreased to SAR 1.205 billion, representing 13.76% of the capital, as of Sept. 30, 2021, according to the unaudited condensed interim financial statements.

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Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2012	15,998.12	6.3 %	381.45	(59.4 %)	151.39	(78.7 %)
Q2 2012	14,844.32	94.6 %	173.23	196.8 %	(62.19)	84.0 %
Q3 2012	15,503.01	9.9 %	644.33	924.6 %	460.97	269.8 %
Q4 2012	15,665.42	(5.6 %)	330.16	9.3 %	103.79	93.2 %
2012	62,010.88	16.2 %	1,529.17	55.4 %	653.96	536.2 %
Q1 2013	10,189.36	(36.3 %)	(449.51)	(217.8 %)	(628.46)	(515.1 %)
Q2 2013	14,195.60	(4.4 %)	(6.50)	(103.8 %)	(210.91)	(239.1 %)
Q3 2013	12,539.61	(19.1 %)	201.93	(68.7 %)	27.94	(93.9 %)
Q4 2013	13,673.13	(12.7 %)	715.18	116.6 %	498.43	380.2 %
2013	50,597.71	(18.4 %)	461.09	(69.8 %)	(313.01)	(147.9 %)
Q1 2014	14,235.50	39.7 %	672.14	249.5 %	416.31	166.2 %
Q2 2014	14,040.48	(1.1 %)	446.38	6968.4 %	192.36	191.2 %
Q3 2014	14,814.36	18.1 %	558.23	176.4 %	306.15	995.8 %
Q4 2014	11,146.41	(18.5 %)	48.49	(93.2 %)	(181.08)	(136.3 %)
2014	54,236.75	7.2 %	1,725.24	274.2 %	733.74	334.4 %
Q1 2015	7,648.01	(46.3 %)	577.44	(14.1 %)	225.34	(45.9 %)
Q2 2015	8,495.54	(39.5 %)	740.32	65.9 %	493.77	156.7 %
Q3 2015	6,674.60	(54.9 %)	(250.09)	(144.8 %)	(463.33)	(251.3 %)
Q4 2015	2,695.71	(75.8 %)	(772.34)	(1692.7 %)	(1015.87)	(461.0 %)
2015	25,513.86	(53.0 %)	295.33	(82.9 %)	(760.10)	(203.6 %)
Q1 2016	4,947.26	(35.3 %)	221.46	(61.6 %)	(9.53)	(104.2 %)
Q2 2016	6,335.74	(25.4 %)	400.82	(45.9 %)	115.95	(76.5 %)
Q3 2016	6,375.62	(4.5 %)	25.03	110.0 %	(201.43)	56.5 %
Q4 2016	7,487.51	177.8 %	460.12	159.6 %	217.56	121.4 %
2016	25,146.13	(1.4 %)	1,107.43	275.0 %	122.57	116.1 %
Q1 2017	6,702.23	35.5 %	65.14	(70.6 %)	(172.65)	(1,711.3 %)
Q2 2017	8,843.80	39.6 %	634.67	58.3 %	392.70	238.7 %
Q3 2017	9,141.32	43.4 %	1,101.80	4301.9 %	809.76	502.0 %
Q4 2017	9,523.67	27.2 %	894.42	94.4 %	623.16	186.4 %
2017	34,211.01	36.0 %	2,696.02	143.4 %	1,652.95	1248.6 %
Q1 2018	9,856.35	47.1 %	772.06	1085.3 %	377.56	318.7 %
Q2 2018	10,742.81	21.5 %	664.18	4.6 %	297.20	(24.3 %)
Q3 2018	12,041.25	31.7 %	607.50	(44.9 %)	343.71	(57.6 %)
Q4 2018	8,357.79	(12.2 %)	271.31	(69.7 %)	(91.05)	(114.6 %)
2018	40,998.19	19.8 %	2,315.04	(14.1 %)	927.42	(43.9 %)
Q1 2019	8,428.02	(14.5 %)	817.68	5.9 %	460.79	22.0 %
Q2 2019	9,031.62	(15.9 %)	290.65	(56.2 %)	(55.00)	(118.5 %)
Q3 2019	8,742.11	(27.4 %)	870.60	43.3 %	595.98	73.4 %
Q4 2019	7,860.24	(6.0 %)	(261.02)	(196.2 %)	(650.58)	(614.5 %)
2019	34,061.98	(16.9 %)	1,717.91	(25.8 %)	351.19	(62.1 %)
Q1 2020	4,061.63	(51.8 %)	(1385.50)	(269.4 %)	(1714.55)	(472.1 %)
Q2 2020	2,706.39	(70.0 %)	(453.08)	(255.9 %)	(788.61)	(1,333.8 %)
Q3 2020	7,051.72	(19.3 %)	133.19	(84.7 %)	(303.97)	(151.0 %)
Q4 2020	8,050.46	2.4 %	802.78	407.6 %	315.69	148.5 %
2020	21,870.20	(35.8 %)	(902.61)	(152.5 %)	(2491.45)	(809.4 %)
Q1 2021	10,135.53	149.5 %	1,286.33	192.8 %	912.88	153.2 %
Q2 2021	11,109.27	310.5 %	1,367.05	401.7 %	989.49	225.5 %
Q3 2021	11,276.98	59.9 %	935.43	602.3 %	467.94	253.9 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2011	53,376.84	14.0 %	984.19	35.1 %	102.79	191.1 %
2012	62,010.88	16.2 %	1,529.17	55.4 %	653.96	536.2 %
2013	50,597.71	(18.4 %)	461.09	(69.8 %)	(313.01)	(147.9 %)
2014	54,236.75	7.2 %	1,725.24	274.2 %	733.74	334.4 %
2015	25,513.86	(53.0 %)	295.33	(82.9 %)	(760.10)	(203.6 %)
2016	25,146.13	(1.4 %)	1,107.43	275.0 %	122.57	116.1 %
2017	34,211.01	36.0 %	2,696.02	143.4 %	1,652.95	1248.6 %
2018	40,998.19	19.8 %	2,315.04	(14.1 %)	927.42	(43.9 %)
2019	34,061.98	(16.9 %)	1,717.91	(25.8 %)	351.19	(62.1 %)
2020	21,870.20	(35.8 %)	(902.61)	(152.5 %)	(2491.45)	(809.4 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2012	115.85	(83.4 %)	0.09	-	115.85	0.09
Q2 2012	(104.36)	74.1 %	(0.08)	-	(104.36)	(0.08)
Q3 2012	409.31	245.9 %	0.33	-	409.31	0.33
Q4 2012	68.07	35.3 %	0.05	-	68.07	0.05
2012	488.86	641.9 %	0.39	-	488.86	0.39
Q1 2013	(658.06)	(668.1 %)	(0.53)	-	(658.06)	(0.53)
Q2 2013	(236.70)	(126.8 %)	(0.19)	-	(236.70)	(0.19)
Q3 2013	14.03	(96.6 %)	0.01	-	14.03	0.01
Q4 2013	1,239.91	1721.5 %	0.99	750.00	489.91	0.39
2013	359.18	(26.5 %)	0.29	750.00	(390.82)	(0.31)
Q1 2014	413.05	162.8 %	0.33	-	413.05	0.33
Q2 2014	171.98	172.7 %	0.14	-	171.98	0.14
Q3 2014	294.33	1997.6 %	0.24	-	294.33	0.24
Q4 2014	(197.92)	(116.0 %)	(0.16)	-	(197.92)	(0.16)
2014	681.43	89.7 %	0.54	-	681.43	0.54
Q1 2015	205.43	(50.3 %)	0.16	-	205.43	0.16
Q2 2015	504.92	193.6 %	0.40	-	504.92	0.40
Q3 2015	(460.12)	(256.3 %)	(0.37)	-	(460.12)	(0.37)
Q4 2015	(1008.73)	(409.7 %)	(0.81)	-	(1008.73)	(0.81)
2015	(758.51)	(211.3 %)	(0.61)	-	(758.51)	(0.61)
Q1 2016	(36.64)	(117.8 %)	(0.03)	-	(36.64)	(0.03)
Q2 2016	101.00	(80.0 %)	0.08	-	101.00	0.08
Q3 2016	(210.55)	54.2 %	(0.17)	-	(210.55)	(0.17)
Q4 2016	180.98	117.9 %	0.14	-	180.98	0.14
2016	34.78	104.6 %	0.03	-	34.78	0.03
Q1 2017	(239.69)	(554.2 %)	(0.19)	-	(239.69)	(0.19)
Q2 2017	315.66	212.6 %	0.25	-	315.66	0.25
Q3 2017	706.47	435.5 %	0.56	-	706.47	0.56
Q4 2017	640.54	253.9 %	0.51	-	640.54	0.51
2017	1,422.98	3991.1 %	1.14	-	1,422.98	1.14
Q1 2018	296.15	223.6 %	0.24	-	296.15	0.24
Q2 2018	234.50	(25.7 %)	0.19	-	234.50	0.19
Q3 2018	243.44	(65.5 %)	0.19	-	243.44	0.19
Q4 2018	(105.53)	(116.5 %)	(0.08)	-	(105.53)	(0.08)
2018	668.56	(53.0 %)	0.53	-	668.56	0.53
Q1 2019	256.84	(13.3 %)	0.21	-	256.84	0.21
Q2 2019	(308.45)	(231.5 %)	(0.25)	-	(308.45)	(0.25)
Q3 2019	394.17	61.9 %	0.32	-	394.17	0.32
Q4 2019	(886.71)	(740.3 %)	(0.71)	-	(886.71)	(0.71)
2019	(544.15)	(181.4 %)	(0.44)	-	(544.15)	(0.44)
Q1 2020	(1796.83)	(799.6 %)	(1.44)	-	(1796.83)	(1.44)
Q2 2020	(1435.09)	(365.3 %)	(1.15)	-	(1435.09)	(1.15)
Q3 2020	(609.80)	(254.7 %)	(0.49)	-	(609.80)	(0.49)
Q4 2020	60.61	106.8 %	0.05	-	60.61	0.05
2020	(3781.13)	(594.9 %)	(3.02)	-	(3781.13)	(3.02)
Q1 2021	649.37	136.1 %	0.52	-	649.37	0.52
Q2 2021	716.94	150.0 %	0.57	-	716.94	0.57
Q3 2021	221.45	136.3 %	0.18	-	221.45	0.18

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2011	65.89	(68.4 %)	0.05	-	65.89	0.05
2012	488.86	641.9 %	0.39	-	488.86	0.39
2013	359.18	(26.5 %)	0.29	750.00	(390.82)	(0.31)
2014	681.43	89.7 %	0.54	-	681.43	0.54
2015	(758.51)	(211.3 %)	(0.61)	-	(758.51)	(0.61)
2016	34.78	104.6 %	0.03	-	34.78	0.03
2017	1,422.98	3991.1 %	1.14	-	1,422.98	1.14
2018	668.56	(53.0 %)	0.53	-	668.56	0.53
2019	(544.15)	(181.4 %)	(0.44)	-	(544.15)	(0.44)
2020	(3781.13)	(594.9 %)	(3.02)	-	(3781.13)	(3.02)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2012	0.79 %	3.11 %	(0.95 %)
Q2 2012	1.27 %	3.34 %	(0.36 %)
Q3 2012	2.38 %	4.44 %	0.75 %
Q4 2012	2.47 %	4.57 %	0.79 %
2012	2.47 %	4.57 %	0.79 %
Q1 2013	1.24 %	3.66 %	(0.51 %)
Q2 2013	0.93 %	3.43 %	(0.75 %)
Q3 2013	0.14 %	2.80 %	(1.55 %)
Q4 2013	0.91 %	3.72 %	(0.77 %)
2013	0.91 %	3.72 %	(0.77 %)
Q1 2014	2.90 %	5.38 %	1.24 %
Q2 2014	3.74 %	6.20 %	2.00 %
Q3 2014	4.21 %	6.49 %	2.41 %
Q4 2014	3.18 %	5.56 %	1.26 %
2014	3.18 %	5.56 %	1.26 %
Q1 2015	3.42 %	5.94 %	0.99 %
Q2 2015	4.57 %	7.40 %	1.92 %
Q3 2015	3.29 %	6.76 %	0.15 %
Q4 2015	1.16 %	5.55 %	(2.97 %)
2015	1.16 %	5.55 %	(2.97 %)
Q1 2016	(0.27 %)	5.38 %	(4.39 %)
Q2 2016	(1.94 %)	4.26 %	(6.80 %)
Q3 2016	(0.61 %)	5.96 %	(5.67 %)
Q4 2016	4.40 %	10.11 %	0.14 %
2016	4.40 %	10.11 %	0.14 %
Q1 2017	3.54 %	8.81 %	(0.63 %)
Q2 2017	4.03 %	9.05 %	0.16 %
Q3 2017	7.03 %	11.47 %	2.99 %
Q4 2017	7.88 %	11.97 %	4.16 %
2017	7.88 %	11.97 %	4.16 %
Q1 2018	9.11 %	12.46 %	5.24 %
Q2 2018	8.74 %	11.61 %	4.78 %
Q3 2018	6.97 %	9.69 %	3.36 %
Q4 2018	5.65 %	8.20 %	1.63 %
2018	5.65 %	8.20 %	1.63 %
Q1 2019	5.97 %	8.57 %	1.59 %
Q2 2019	5.25 %	7.92 %	0.23 %
Q3 2019	6.51 %	9.27 %	0.69 %
Q4 2019	5.04 %	8.05 %	(1.60 %)
2019	5.04 %	8.05 %	(1.60 %)
Q1 2020	(1.63 %)	2.47 %	(8.75 %)
Q2 2020	(5.26 %)	1.02 %	(15.94 %)
Q3 2020	(9.07 %)	(1.80 %)	(21.81 %)
Q4 2020	(4.13 %)	3.21 %	(17.29 %)
2020	(4.13 %)	3.21 %	(17.29 %)
Q1 2021	6.33 %	12.28 %	(4.78 %)
Q2 2021	9.88 %	14.42 %	2.25 %
Q3 2021	10.82 %	14.65 %	4.06 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2011	1.84 %	4.14 %	0.12 %
2012	2.47 %	4.57 %	0.79 %
2013	0.91 %	3.72 %	(0.77 %)
2014	3.18 %	5.56 %	1.26 %
2015	1.16 %	5.55 %	(2.97 %)
2016	4.40 %	10.11 %	0.14 %
2017	7.88 %	11.97 %	4.16 %
2018	5.65 %	8.20 %	1.63 %
2019	5.04 %	8.05 %	(1.60 %)
2020	(4.13 %)	3.21 %	(17.29 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2012	2.38 %	4.34 %	0.72 %
Q2 2012	1.17 %	3.27 %	(0.70 %)
Q3 2012	4.16 %	6.49 %	2.64 %
Q4 2012	2.11 %	4.15 %	0.43 %
Q1 2013	(4.41 %)	(0.81 %)	(6.46 %)
Q2 2013	(0.05 %)	2.36 %	(1.67 %)
Q3 2013	1.61 %	4.57 %	0.11 %
Q4 2013	5.23 %	7.74 %	3.58 %
Q1 2014	4.72 %	6.85 %	2.90 %
Q2 2014	3.18 %	5.49 %	1.22 %
Q3 2014	3.77 %	5.92 %	1.99 %
Q4 2014	0.44 %	3.50 %	(1.78 %)
Q1 2015	7.55 %	10.34 %	2.69 %
Q2 2015	8.71 %	12.42 %	5.94 %
Q3 2015	(3.75 %)	0.91 %	(6.89 %)
Q4 2015	(28.65 %)	(18.25 %)	(37.42 %)
Q1 2016	4.48 %	12.20 %	(0.74 %)
Q2 2016	6.33 %	11.18 %	1.59 %
Q3 2016	0.39 %	6.16 %	(3.30 %)
Q4 2016	6.15 %	11.19 %	2.42 %
Q1 2017	0.97 %	6.44 %	(3.58 %)
Q2 2017	7.18 %	11.30 %	3.57 %
Q3 2017	12.05 %	15.56 %	7.73 %
Q4 2017	9.39 %	13.03 %	6.73 %
Q1 2018	7.83 %	10.08 %	3.00 %
Q2 2018	6.18 %	8.40 %	2.18 %
Q3 2018	5.05 %	7.88 %	2.02 %
Q4 2018	3.25 %	6.16 %	(1.26 %)
Q1 2019	9.70 %	12.15 %	3.05 %
Q2 2019	3.22 %	5.63 %	(3.42 %)
Q3 2019	9.96 %	13.22 %	4.51 %
Q4 2019	(3.32 %)	0.69 %	(11.28 %)
Q1 2020	(34.11 %)	(24.25 %)	(44.24 %)
Q2 2020	(16.74 %)	0.46 %	(53.03 %)
Q3 2020	1.89 %	7.49 %	(8.65 %)
Q4 2020	9.97 %	14.25 %	0.75 %
Q1 2021	12.69 %	17.19 %	6.41 %
Q2 2021	12.31 %	16.43 %	6.45 %
Q3 2021	8.30 %	10.91 %	1.96 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2012	1,250.63	(0.41)	(0.41)	6.56
Q2 2012	1,250.63	(0.17)	(0.17)	6.48
Q3 2012	1,250.63	0.38	0.38	6.80
Q4 2012	1,250.63	0.39	0.39	6.85
Q1 2013	1,250.63	(0.23)	(0.23)	6.32
Q2 2013	1,250.63	(0.33)	(0.33)	6.13
Q3 2013	1,250.63	(0.65)	(0.65)	6.15
Q4 2013	1,250.63	0.29	(0.31)	7.13
Q1 2014	1,250.63	1.14	0.54	7.46
Q2 2014	1,250.63	1.47	0.87	7.59
Q3 2014	1,250.63	1.69	1.09	7.81
Q4 2014	1,250.63	0.54	0.54	7.64
Q1 2015	1,250.63	0.38	0.38	7.80
Q2 2015	1,250.63	0.65	0.65	8.20
Q3 2015	1,250.63	0.04	0.04	7.47
Q4 2015	1,250.63	(0.61)	(0.61)	6.68
Q1 2016	1,250.63	(0.80)	(0.80)	6.57
Q2 2016	1,250.63	(1.12)	(1.12)	6.66
Q3 2016	1,250.63	(0.92)	(0.92)	6.48
Q4 2016	1,250.63	0.03	0.03	6.71
Q1 2017	1,250.63	(0.13)	(0.13)	6.43
Q2 2017	1,250.63	0.04	0.04	6.71
Q3 2017	1,250.63	0.77	0.77	7.34
Q4 2017	1,250.63	1.14	1.14	8.06
Q1 2018	1,250.63	1.57	1.57	8.36
Q2 2018	1,250.63	1.50	1.50	8.26
Q3 2018	1,250.63	1.13	1.13	8.51
Q4 2018	1,250.63	0.53	0.53	8.43
Q1 2019	1,250.63	0.50	0.50	8.68
Q2 2019	1,250.63	0.07	0.07	8.51
Q3 2019	1,250.63	0.19	0.19	8.88
Q4 2019	1,250.63	(0.44)	(0.44)	8.03
Q1 2020	1,250.63	(2.08)	(2.08)	6.59
Q2 2020	1,250.63	(2.98)	(2.98)	5.44
Q3 2020	1,250.63	(3.78)	(3.78)	4.96
Q4 2020	1,250.63	(3.02)	(3.02)	4.96
Q1 2021	1,250.63	(1.07)	(1.07)	5.48
Q2 2021	1,250.63	0.65	0.65	6.07
Q3 2021	1,250.63	1.32	1.32	6.24

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2011	1,250.63	0.05	0.05	6.47
2012	1,250.63	0.39	0.39	6.85
2013	1,250.63	0.29	(0.31)	7.13
2014	1,250.63	0.54	0.54	7.64
2015	1,250.63	(0.61)	(0.61)	6.68
2016	1,250.63	0.03	0.03	6.71
2017	1,250.63	1.14	1.14	8.06
2018	1,250.63	0.53	0.53	8.43
2019	1,250.63	(0.44)	(0.44)	8.03
2020	1,250.63	(3.02)	(3.02)	4.96

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2012	NEG	NEG	3.77
Q2 2012	NEG	NEG	2.75
Q3 2012	45.98	45.98	2.55
Q4 2012	42.03	42.03	2.40
Q1 2013	NEG	NEG	2.60
Q2 2013	NEG	NEG	2.42
Q3 2013	NEG	NEG	2.31
Q4 2013	79.05	NEG	3.18
Q1 2014	21.37	44.92	3.28
Q2 2014	19.67	33.21	3.81
Q3 2014	18.24	28.23	3.96
Q4 2014	31.19	31.19	2.22
Q1 2015	52.78	52.78	2.56
Q2 2015	30.59	30.59	2.41
Q3 2015	More than 100	More than 100	2.01
Q4 2015	NEG	NEG	1.72
Q1 2016	NEG	NEG	1.50
Q2 2016	NEG	NEG	1.62
Q3 2016	NEG	NEG	1.43
Q4 2016	More than 100	More than 100	1.64
Q1 2017	NEG	NEG	1.85
Q2 2017	More than 100	More than 100	1.59
Q3 2017	16.71	16.71	1.75
Q4 2017	13.53	13.53	1.91
Q1 2018	14.84	14.84	2.78
Q2 2018	17.68	17.68	3.21
Q3 2018	19.32	19.32	2.57
Q4 2018	33.42	33.42	2.12
Q1 2019	37.77	37.77	2.19
Q2 2019	More than 100	More than 100	2.29
Q3 2019	98.10	98.10	2.09
Q4 2019	NEG	NEG	2.53
Q1 2020	NEG	NEG	1.52
Q2 2020	NEG	NEG	2.31
Q3 2020	NEG	NEG	2.95
Q4 2020	NEG	NEG	2.61
Q1 2021	NEG	NEG	2.88
Q2 2021	33.67	33.67	3.63
Q3 2021	19.89	19.89	4.20

Period	P/E	Adjusted P/E	Price/book
2011	More than 100	More than 100	3.37
2012	42.03	42.03	2.40
2013	79.05	NEG	3.18
2014	31.19	31.19	2.22
2015	NEG	NEG	1.72
2016	More than 100	More than 100	1.64
2017	13.53	13.53	1.91
2018	33.42	33.42	2.12
2019	NEG	NEG	2.53
2020	NEG	NEG	2.61

Business Segments (Million)

Compared With The

Period	Refined products	Petrochemical products
Q1 2012	13,734.88	2,263.24
Q2 2012	12,337.62	2,506.70
Q3 2012	13,523.90	1,979.12
Q4 2012	12,945.52	2,719.91
Q1 2013	9,081.84	1,107.53
Q2 2013	12,300.99	1,894.61
Q3 2013	10,172.41	2,367.20
Q4 2013	11,310.72	2,362.41
Q1 2014	11,728.13	2,507.37
Q2 2014	11,627.12	2,413.36
Q3 2014	12,239.59	2,574.78
Q4 2014	8,501.53	2,644.88
Q1 2015	5,808.61	1,839.40
Q2 2015	6,508.04	1,987.50
Q3 2015	5,337.85	1,336.75
Q4 2015	1,846.11	849.60
Q1 2016	3,949.86	997.40
Q2 2016	4,609.96	1,725.79
Q3 2016	5,036.36	1,339.26
Q4 2016	5,827.73	1,659.77
Q1 2017	5,288.48	1,413.75
Q2 2017	6,781.72	2,062.09
Q3 2017	6,986.55	2,154.77
Q4 2017	7,180.40	2,343.26
Q1 2018	7,525.00	2,331.35
Q2 2018	8,067.19	2,675.62
Q3 2018	9,410.60	2,630.65
Q4 2018	6,444.51	1,913.28
Q1 2019	6,512.69	1,915.32
Q2 2019	7,046.58	1,985.04
Q3 2019	6,930.13	1,811.98
Q4 2019	5,387.40	2,472.84
Q1 2020	2,632.33	1,429.31
Q2 2020	1,726.85	979.54
Q3 2020	4,196.94	2,854.78
Q4 2020	4,657.58	3,392.88
Q1 2021	6,339.68	3,795.84
Q2 2021	6,401.95	4,707.33
Q3 2021	6,925.36	4,351.62

Period	Refined products	Petrochemical products
2011	45,265.31	8,111.52
2012	52,541.91	9,468.97
2013	42,865.96	7,731.75
2014	44,096.36	10,140.39
2015	19,500.61	6,013.25
2016	19,423.91	5,722.22
2017	26,237.14	7,973.87
2018	31,447.30	9,550.89
2019	25,876.80	8,185.18
2020	13,213.70	8,656.50

Analysts Estimates (Million)

Item	Q3 2021 (e)	Q3 2021 (a)	Change‬
Average	890.10	221.45	(75.1 %)

Estimates vs Actual (Million)

Item	Q3 2021 (e)	Q3 2021 (a)	Change
OSOOL AND BAKHEET	890.10	221.45	(75.1) %

Financial Ratios

	Current
Market Cap (M Riyal)	14,153.37
Enterprise Value (EV) (M)	42,437.95
Shares Outstanding ((M))	1,671.00
EPS ( Riyal) (TTM)	(3.08)
Book Value (BV) ( Riyal)	6.33
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	NEG
Price/book	1.34
Return on Average Assets (%) (TTM)	(8.04 )
Return on Average Equity (%) (TTM)	(45.74 )

Rabigh Refining and Petrochemical Co. (PETRO RABIGH)

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Petro Rabigh swings to SAR 1.588 bln profit in 9M 2021

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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

Business Segments (Million)

Revenue by Business Segment (Latest) 2021 Q3

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Rabigh Refining and Petrochemical Co. (PETRO RABIGH)

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Petro Rabigh swings to SAR 1.588 bln profit in 9M 2021

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

Business Segments (Million) Q3 2021

Revenue by Business Segment (Latest) 2021 Q3

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Rabigh Refining and Petrochemical Co. (PETRO RABIGH)

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Business Segments (Million)