SABIC net profit drops 38% in Q1 2019

28/04/2019 Argaam Exclusive

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Petrochemicals giant Saudi Basic Industries Corp. (SABIC) reported a net profit after zakat and tax of SAR 3.41 billion for the first quarter of 2019, a 38.1 percent year-on-year (YoY) decrease on lower average selling prices.

When compared to the previous quarter, Q1 2019 net profit rose 5.2 percent due to lower selling, general and administrative expenses, lower other expenses, and higher profit share from associates and joint ventures.

This is despite the drop in average selling prices.

Current Quarter Comparison (M)

Compared With The

Item	Q1 2018	Q1 2019	Change‬
Revenues	41,861.60	36,010.40	(14.0 %)
Gross Income	14,531.51	9,406.12	(35.3 %)
Operating Income	10,325.83	4,528.64	(56.1 %)
Net Income	5,508.08	3,322.59	(39.7 %)
Average Shares	3,000.00	3,000.00	-
EPS (Riyals)	1.84	1.11	(39.7 %)

Item	Q4 2018	Q1 2019	Change‬
Revenues	40,270.21	36,010.40	(10.6 %)
Gross Income	12,195.24	9,406.12	(22.9 %)
Operating Income	5,169.11	4,528.64	(12.4 %)
Net Income	3,219.39	3,322.59	3.2 %
Average Shares	3,000.00	3,000.00	-
EPS (Riyals)	1.07	1.11	3.2 %

Total sales during the first quarter amounted to SAR 37.37 billion, a decrease of 7 percent compared to the same quarter of the previous year, and a decrease of 11 percent against the previous quarter.

“Though lower petrochemical prices negatively impacted SABIC’s first quarter results, we continued to deliver strong operational performance, including the highest quarterly sales volumes over the last four quarters,” Yousef Al-Benyan, SABIC vice chairman and CEO, said.

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2010	34,126.21	72.2 %	12,216.99	237.3 %	9,712.31	521.7 %
Q2 2010	38,853.88	63.6 %	11,837.07	90.3 %	9,130.36	123.8 %
Q3 2010	37,882.14	37.3 %	11,723.36	36.8 %	8,977.78	41.1 %
Q4 2010	41,107.80	28.7 %	12,769.26	25.1 %	10,072.14	26.2 %
2010	151,970.03	47.4 %	48,546.68	69.6 %	37,892.59	89.6 %
Q1 2011	44,873.39	31.5 %	15,425.16	26.3 %	12,507.69	28.8 %
Q2 2011	49,085.83	26.3 %	16,494.46	39.3 %	13,276.32	45.4 %
Q3 2011	48,929.99	29.2 %	16,812.63	43.4 %	13,500.42	50.4 %
Q4 2011	47,009.05	14.4 %	13,398.12	4.9 %	9,553.95	(5.1 %)
2011	189,898.25	25.0 %	62,130.36	28.0 %	48,838.37	28.9 %
Q1 2012	48,345.54	7.7 %	14,321.77	(7.2 %)	11,472.86	(8.3 %)
Q2 2012	46,528.08	(5.2 %)	12,516.82	(24.1 %)	9,450.05	(28.8 %)
Q3 2012	44,806.32	(8.4 %)	12,881.14	(23.4 %)	9,863.62	(26.9 %)
Q4 2012	49,345.60	5.0 %	13,673.60	2.1 %	10,239.02	7.2 %
2012	189,025.55	(0.5 %)	53,393.33	(14.1 %)	41,025.54	(16.0 %)
Q1 2013	46,738.92	(3.3 %)	14,015.38	(2.1 %)	11,051.99	(3.7 %)
Q2 2013	44,993.01	(3.3 %)	13,049.15	4.3 %	9,971.24	5.5 %
Q3 2013	48,820.23	9.0 %	14,429.15	12.0 %	11,266.96	14.2 %
Q4 2013	48,433.88	(1.8 %)	13,805.23	1.0 %	10,249.04	0.1 %
2013	188,986.04	0.0 %	55,298.90	3.6 %	42,539.23	3.7 %
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 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2009	103,105.17	(31.6 %)	28,618.98	(39.4 %)	19,984.78	(47.5 %)
2010	151,970.03	47.4 %	48,546.68	69.6 %	37,892.59	89.6 %
2011	189,898.25	25.0 %	62,130.36	28.0 %	48,838.37	28.9 %
2012	189,025.55	(0.5 %)	53,393.33	(14.1 %)	41,025.54	(16.0 %)
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 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2010	5,432.18	657.8 %	1.81	-	5,432.18	1.81
Q2 2010	5,015.91	177.9 %	1.67	-	5,015.91	1.67
Q3 2010	5,326.41	46.0 %	1.78	-	5,326.41	1.78
Q4 2010	5,754.16	25.2 %	1.92	-	5,754.16	1.92
2010	21,528.66	137.3 %	7.18	-	21,528.66	7.18
Q1 2011	7,689.30	41.6 %	2.56	-	7,689.30	2.56
Q2 2011	8,100.75	61.5 %	2.70	-	8,100.75	2.70
Q3 2011	8,185.29	53.7 %	2.73	-	8,185.29	2.73
Q4 2011	5,266.42	(8.5 %)	1.76	-	5,266.42	1.76
2011	29,241.75	35.8 %	9.75	-	29,241.75	9.75
Q1 2012	7,271.01	(5.4 %)	2.42	-	7,271.01	2.42
Q2 2012	5,303.28	(34.5 %)	1.77	-	5,303.28	1.77
Q3 2012	6,312.41	(22.9 %)	2.10	-	6,312.41	2.10
Q4 2012	5,893.56	11.9 %	1.96	-	5,893.56	1.96
2012	24,780.26	(15.3 %)	8.26	-	24,780.26	8.26
Q1 2013	6,563.44	(9.7 %)	2.19	-	6,563.44	2.19
Q2 2013	6,042.14	13.9 %	2.01	-	6,042.14	2.01
Q3 2013	6,465.14	2.4 %	2.16	-	6,465.14	2.16
Q4 2013	6,207.65	5.3 %	2.07	-	6,207.65	2.07
2013	25,278.38	2.0 %	8.43	-	25,278.38	8.43
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

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2009	9,073.72	(58.8 %)	3.02	(1181.25)	10,254.97	3.42
2010	21,528.66	137.3 %	7.18	-	21,528.66	7.18
2011	29,241.75	35.8 %	9.75	-	29,241.75	9.75
2012	24,780.26	(15.3 %)	8.26	-	24,780.26	8.26
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

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2010	31.69 %	31.88 %	13.18 %
Q2 2010	32.32 %	32.16 %	14.10 %
Q3 2010	32.20 %	31.89 %	14.26 %
Q4 2010	31.94 %	31.92 %	14.17 %
2010	31.94 %	31.92 %	14.17 %
Q1 2011	31.81 %	31.88 %	14.62 %
Q2 2011	32.62 %	32.45 %	15.54 %
Q3 2011	33.43 %	33.06 %	16.16 %
Q4 2011	32.72 %	31.94 %	15.40 %
2011	32.72 %	31.94 %	15.40 %
Q1 2012	31.56 %	31.01 %	14.91 %
Q2 2012	29.90 %	29.78 %	13.64 %
Q3 2012	28.45 %	28.71 %	12.94 %
Q4 2012	28.25 %	28.97 %	13.11 %
2012	28.25 %	28.97 %	13.11 %
Q1 2013	28.33 %	29.12 %	12.84 %
Q2 2013	28.85 %	29.58 %	13.35 %
Q3 2013	29.05 %	29.86 %	13.15 %
Q4 2013	29.26 %	30.07 %	13.38 %
2013	29.26 %	30.07 %	13.38 %
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 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2009	27.76 %	29.83 %	9.95 %
2010	31.94 %	31.92 %	14.17 %
2011	32.72 %	31.94 %	15.40 %
2012	28.25 %	28.97 %	13.11 %
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 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2010	35.80 %	34.89 %	15.92 %
Q2 2010	30.47 %	30.34 %	12.91 %
Q3 2010	30.95 %	30.65 %	14.06 %
Q4 2010	31.06 %	32.10 %	14.00 %
Q1 2011	34.37 %	34.03 %	17.14 %
Q2 2011	33.60 %	32.69 %	16.50 %
Q3 2011	34.36 %	33.36 %	16.73 %
Q4 2011	28.50 %	27.68 %	11.20 %
Q1 2012	29.62 %	30.16 %	15.04 %
Q2 2012	26.90 %	27.73 %	11.40 %
Q3 2012	28.75 %	29.23 %	14.09 %
Q4 2012	27.71 %	28.73 %	11.94 %
Q1 2013	29.99 %	30.82 %	14.04 %
Q2 2013	29.00 %	29.57 %	13.43 %
Q3 2013	29.56 %	30.34 %	13.24 %
Q4 2013	28.50 %	29.54 %	12.82 %
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 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2010	3,000.00	5.16	5.16	37.90
Q2 2010	3,000.00	6.23	6.23	38.07
Q3 2010	3,000.00	6.79	6.79	38.34
Q4 2010	3,000.00	7.18	7.18	40.26
Q1 2011	3,000.00	7.93	7.93	42.82
Q2 2011	3,000.00	8.96	8.96	43.52
Q3 2011	3,000.00	9.91	9.91	44.25
Q4 2011	3,000.00	9.75	9.75	46.01
Q1 2012	3,000.00	9.61	9.61	47.89
Q2 2012	3,000.00	8.68	8.68	46.57
Q3 2012	3,000.00	8.05	8.05	46.59
Q4 2012	3,000.00	8.26	8.26	48.47
Q1 2013	3,000.00	8.02	8.02	50.66
Q2 2013	3,000.00	8.27	8.27	49.81
Q3 2013	3,000.00	8.32	8.32	49.94
Q4 2013	3,000.00	8.43	8.43	52.09
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

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2009	3,000.00	3.02	3.42	36.08
2010	3,000.00	7.18	7.18	40.26
2011	3,000.00	9.75	9.75	46.01
2012	3,000.00	8.26	8.26	48.47
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

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2010	19.28	19.28	2.63
Q2 2010	13.76	13.76	2.25
Q3 2010	13.22	13.22	2.34
Q4 2010	14.60	14.60	2.60
Q1 2011	13.27	13.27	2.46
Q2 2011	11.61	11.61	2.39
Q3 2011	9.33	9.33	2.09
Q4 2011	9.87	9.87	2.09
Q1 2012	11.24	11.24	2.26
Q2 2012	10.69	10.69	1.99
Q3 2012	11.30	11.30	1.95
Q4 2012	10.87	10.87	1.85
Q1 2013	11.96	11.96	1.90
Q2 2013	11.06	11.06	1.84
Q3 2013	11.57	11.57	1.93
Q4 2013	13.23	13.23	2.14
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

Period	P/E	Adjusted P/E	Price/book
2009	27.28	24.13	2.29
2010	14.60	14.60	2.60
2011	9.87	9.87	2.09
2012	10.87	10.87	1.85
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

Business Segments (Million)

Compared With The

Period	Consolidated	Fertilizer	Discontinued operation	Headquarters & Others	Adjustments
Q1 2010	37,913.16	1,515.19	3,040.29	2,626.17	(10968.61)
Q2 2010	39,749.88	1,439.74	3,748.96	2,612.43	(8697.12)
Q3 2010	41,417.63	1,593.85	3,250.73	2,955.80	(11335.86)
Q4 2010	48,824.43	2,226.99	3,317.72	3,998.59	(17259.93)
Q1 2011	51,918.16	1,842.35	4,008.72	3,578.36	(16474.20)
Q2 2011	55,736.42	1,786.56	4,176.68	5,083.80	(17697.62)
Q3 2011	57,089.31	2,498.04	3,755.39	4,712.41	(19125.16)
Q4 2011	53,981.35	2,527.24	3,591.54	4,502.15	(17593.23)
Q1 2012	55,098.17	1,908.48	4,182.36	3,656.39	(16499.86)
Q2 2012	53,726.78	1,872.52	3,698.15	4,531.69	(17301.06)
Q3 2012	51,562.45	2,325.68	3,433.73	3,511.68	(16027.22)
Q4 2012	57,518.09	2,393.37	3,530.93	4,002.42	(18099.20)
Q1 2013	53,485.63	2,102.58	3,993.24	2,395.35	(15237.88)
Q2 2013	51,386.20	1,614.73	3,837.76	2,646.29	(14491.96)
Q3 2013	58,011.68	1,745.25	3,197.53	2,815.69	(16949.92)
Q4 2013	57,409.57	1,822.33	3,249.14	3,436.61	(17483.77)
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	-	-

Period	Consolidated	Fertilizer	Discontinued operation	Headquarters & Others	Adjustments
2009	111,975.92	5,100.77	10,312.07	6,139.00	(30422.59)
2010	167,905.11	6,775.77	13,357.70	12,192.99	(48261.53)
2011	218,725.23	8,654.19	15,532.32	17,876.73	(70890.21)
2012	217,905.49	8,500.05	14,845.17	15,702.18	(67927.34)
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	-	-

Analysts Estimates (Million)

Item	Q1 2019 (e)	Q1 2019 (a)	Change‬
Average	4,261.40	3,322.59	(22.0 %)

Estimates vs Actual (Million)

Item	Q1 2019 (e)	Q1 2019 (a)	Change
Al Rajhi Capital	3,212.00	3,322.59	3.4 %
SNB Capital	4,116.00	3,322.59	(19.3) %
OSOOL AND BAKHEET	4,300.00	3,322.59	(22.7) %
AlJazira Capital	4,350.40	3,322.59	(23.6) %
Riyad Capital	4,616.00	3,322.59	(28.0) %
Sico	4,974.00	3,322.59	(33.2) %

Financial Ratios

	Current
Market Cap (M Riyal)	209,700.00
Enterprise Value (EV) (M)	237,718.89
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	1.27
Return on Average Assets (%) (TTM)	0.6
Return on Average Equity (%) (TTM)	1.0

Saudi Basic Industries Corp. (SABIC)

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SABIC net profit drops 38% in Q1 2019

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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) 2019 Q1

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Saudi Basic Industries Corp. (SABIC)

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SABIC net profit drops 38% in Q1 2019

View other reports

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) Q1 2019

Revenue by Business Segment (Latest) 2019 Q1

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Saudi Basic Industries Corp. (SABIC)

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Business Segments (Million)