SABIC 2021 net profit rises to SAR 23 bln for 2021; Q4 profit hits SAR 4.9 bln

03/02/2022 Argaam Exclusive

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Saudi Basic Industries Corp. (SABIC) reported a net profit after Zakat and tax of SAR 23 billion for 2021, a rise of 32.8% from SAR 66.8 million in the year-ago period.

Financials (M)

Item	2020	2021	Change‬
Revenues	116,949.29	174,883.13	49.5 %
Gross Income	23,181.16	47,877.13	106.5 %
Operating Income	4,107.96	29,967.41	629.5 %
Net Income	66.83	23,066.00	34417.0 %
Average Shares	3,000.00	3,000.00	-
EPS (Riyals)	0.02	7.69	34417.0 %

The robust profit was driven by higher average selling prices and an increase in the company’s profit share from joint ventures and associates.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2020	Q4 2021	Change‬
Revenues	32,841.64	51,235.34	56.0 %
Gross Income	7,959.13	13,085.34	64.4 %
Operating Income	3,113.82	7,685.34	146.8 %
Net Income	2,248.22	4,973.69	121.2 %
Average Shares	3,000.00	3,000.00	-
EPS (Riyals)	0.75	1.66	121.2 %

Item	Q3 2021	Q4 2021	Change‬
Revenues	43,697.92	51,235.34	17.2 %
Gross Income	12,294.30	13,085.34	6.4 %
Operating Income	6,933.07	7,685.34	10.9 %
Net Income	5,594.64	4,973.69	(11.1 %)
Average Shares	3,000.00	3,000.00	-
EPS (Riyals)	1.86	1.66	(11.1 %)

SABIC’s net profit after Zakat and tax surged over twofold to SAR 4.9 billion in Q4 2021, from SAR 2.24 billion a year earlier, thanks to a rise in average selling prices and better sales volumes.

The strong rise came although the giant petrochemical producer recorded impairment and restructuring provisions in certain capital assets of SAR 0.92 billion, of which SABIC’s share amounted to SAR 0.76 billion. Finance charges also increased mainly due to the re-measurement of derivatives equity instruments for forward contracts related to certain joint venture agreements by SAR 0.59 billion.

On a quarterly basis, the fourth-quarter net profit dropped 11.9% from SAR 5.59 billion in the previous quarter, as the company recorded impairment and restructuring provisions in certain capital assets of SAR 0.92 billion, of which SABIC’s share amounted to SAR 0.76 billion.

Total shareholders’ equity, excluding minority interests, grew by 7.2% to SAR 179.8 billion as of Dec. 31, 2021, from SAR 167.6 billion a year earlier.

View more financial results

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
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 %)
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 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
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 %
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 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
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
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

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
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
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

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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 %
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 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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 %
2019	21.72 %	17.97 %	5.91 %
2020	19.82 %	15.66 %	1.14 %
2021	27.38 %	25.18 %	13.62 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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 %
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 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
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
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

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
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
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

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
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
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

Period	P/E	Adjusted P/E	Price/book
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
2019	54.19	35.18	1.58
2020	More than 100	More than 100	1.81
2021	15.09	14.61	1.93

Business Segments (Million)

Compared With The

Period	Consolidated	Fertilizer	Discontinued operation	Headquarters & Others	Adjustments
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	-	-
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	-	-

Period	Consolidated	Fertilizer	Discontinued operation	Headquarters & Others	Adjustments
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	-	-
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	-	-

Analysts Estimates (Million)

Item	Q4 2021 (e)	Q4 2021 (a)	Change‬
Average	5,768.57	4,973.69	(13.8 %)

Estimates vs Actual (Million)

Item	Q4 2021 (e)	Q4 2021 (a)	Change
ALEMBIC	5,460.00	4,973.69	(8.9) %
SNB Capital	5,496.00	4,973.69	(9.5) %
Al Rajhi Capital	5,502.00	4,973.69	(9.6) %
Bank of America	5,539.00	4,973.69	(10.2) %
Riyad Capital	5,578.00	4,973.69	(10.8) %
AlJazira Capital	5,605.00	4,973.69	(11.3) %
OSOOL AND BAKHEET	7,200.00	4,973.69	(30.9) %

Financial Ratios

	Current
Market Cap (M Riyal)	209,100.00
Enterprise Value (EV) (M)	237,118.89
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	1.26
Return on Average Assets (%) (TTM)	0.6
Return on Average Equity (%) (TTM)	1.0

Saudi Basic Industries Corp. (SABIC)

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SABIC 2021 net profit rises to SAR 23 bln for 2021; Q4 profit hits SAR 4.9 bln

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Financials (M)

Current Quarter Comparison (M)

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Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

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Ratios And Multiples

Business Segments (Million)

Revenue by Business Segment (Latest) 2021 Q4

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Analysts Estimates (Million)

Estimates vs Actual (Million)

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Saudi Basic Industries Corp. (SABIC)

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SABIC 2021 net profit rises to SAR 23 bln for 2021; Q4 profit hits SAR 4.9 bln

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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) Q4 2021

Revenue by Business Segment (Latest) 2021 Q4

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)