SABIC H1 2023 profit slumps 87% to SAR 1.8 bln; Q2 at SAR 1.2 bln

03/08/2023 Argaam Exclusive

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Saudi Basic Industries Corp. (SABIC) reported an 87% slump in H1 2023 net profit to SAR 1.8 billion from SAR 14.4 billion in H1 2022.

Financials (M)

Item	6m 2022	6m 2023	Change‬
Revenues	108,617.88	76,860.17	(29.2 %)
Gross Income	28,570.07	11,056.21	(61.3 %)
Operating Income	17,697.26	1,901.89	(89.3 %)
Net Income	14,401.10	1,835.33	(87.3 %)
Average Shares	3,000.00	3,000.00	-
EPS (Riyals)	4.80	0.61	(87.3 %)

The global economy faces a continuous slowdown as a result of tightening monetary policies to confront inflation, leading to weaker demand and a decrease in average selling prices of the company's products as well as lower quantities sold.

Accordingly, gross profit and EBIT sharply declined despite lower feedstock cost and lower selling and distribution expenses.

Year to date, SABIC's share in the results of non-integral joint ventures and associated companies decreased compared with a year earlier. This adverse effect was offset by re-measurement gains in option rights related to joint venture agreements and lower Zakat and tax expenses. Hence, net income decreased in accordance with the result from operations compared to the prior year period.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2022	Q2 2023	Change‬
Revenues	55,976.30	37,166.81	(33.6 %)
Gross Income	15,093.17	5,373.26	(64.4 %)
Operating Income	9,110.99	775.28	(91.5 %)
Net Income	7,926.15	1,178.42	(85.1 %)
Average Shares	3,000.00	3,000.00	-
EPS (Riyals)	2.64	0.39	(85.1 %)

Item	Q1 2023	Q2 2023	Change‬
Revenues	36,432.36	37,166.81	2.0 %
Gross Income	5,845.25	5,373.26	(8.1 %)
Operating Income	1,196.84	775.28	(35.2 %)
Net Income	656.91	1,178.42	79.4 %
Average Shares	3,000.00	3,000.00	-
EPS (Riyals)	0.22	0.39	79.4 %

In Q2 2023, net profit fell 85% to SAR 1.2 billion from SAR 7.9 billion in the prior year period, mainly due to weaker demand and a decrease in the average selling prices of the company's products as well as lower quantities sold.

Compared to Q1 2023, net profit climbed 78.8% from SAR 660 million, due to the re-measurement gains in option rights related to joint venture agreements.

Total shareholders’ equity, after minority interests, fell to SAR 176.78 billion as of June 30, 2023 from SAR 180.66 billion a year earlier.

View more financial results

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
Q1 2014	49,220.59	5.3 %	14,112.50	0.7 %	6,441.74	(1.9 %)	2.15
Q2 2014	48,171.67	7.1 %	13,432.88	2.9 %	6,456.47	6.9 %	2.15
Q3 2014	48,070.62	(1.5 %)	13,740.65	(4.8 %)	6,178.79	(4.4 %)	2.06
Q4 2014	43,741.90	(9.7 %)	11,099.25	(19.6 %)	4,356.31	(29.8 %)	1.45
2014	188,988.65	0.0 %	51,477.16	(6.9 %)	23,347.11	(7.6 %)	7.78
Q1 2015	34,563.66	(29.8 %)	9,415.16	(33.3 %)	3,934.65	(38.9 %)	1.31
Q2 2015	42,094.99	(12.6 %)	12,721.92	(5.3 %)	6,170.75	(4.4 %)	2.06
Q3 2015	37,351.85	(22.3 %)	11,830.42	(13.9 %)	5,603.55	(9.3 %)	1.87
Q4 2015	34,156.59	(21.9 %)	9,074.93	(18.2 %)	3,075.27	(29.4 %)	1.03
2015	148,085.74	(21.6 %)	43,027.76	(16.4 %)	18,768.69	(19.6 %)	6.26
Q1 2016	33,467.91	(3.2 %)	10,107.66	7.4 %	2,909.90	(26.0 %)	0.97
Q2 2016	36,258.34	(13.9 %)	12,895.61	1.4 %	4,958.84	(19.6 %)	1.65
Q3 2016	35,797.36	(4.2 %)	13,221.21	11.8 %	5,230.26	(6.7 %)	1.74
Q4 2016	37,475.21	9.7 %	11,089.73	22.2 %	4,514.62	46.8 %	1.50
2016	142,998.83	(3.4 %)	47,239.69	9.8 %	17,613.61	(6.2 %)	5.87
Q1 2017	36,320.80	8.5 %	13,534.02	33.9 %	5,234.52	79.9 %	1.74
Q2 2017	34,438.19	(5.0 %)	10,345.55	(19.8 %)	3,705.70	(25.3 %)	1.24
Q3 2017	38,678.75	8.0 %	13,587.03	2.8 %	5,787.55	10.7 %	1.93
Q4 2017	40,328.24	7.6 %	12,472.69	12.5 %	3,704.09	(18.0 %)	1.23
2017	149,765.97	4.7 %	49,907.73	5.6 %	18,431.85	4.6 %	6.14
Q1 2018	41,861.60	15.3 %	14,531.51	7.4 %	5,508.08	5.2 %	1.84
Q2 2018	43,284.60	25.7 %	16,100.12	55.6 %	6,695.32	80.7 %	2.23
Q3 2018	43,711.93	13.0 %	15,126.31	11.3 %	6,097.89	5.4 %	2.03
Q4 2018	40,270.21	(0.1 %)	12,195.24	(2.2 %)	3,219.39	(13.1 %)	1.07
2018	169,128.34	12.9 %	57,841.32	15.9 %	21,520.68	16.8 %	7.17
Q1 2019	36,010.40	(14.0 %)	9,406.12	(35.3 %)	3,322.59	(39.7 %)	1.11
Q2 2019	34,899.15	(19.4 %)	8,542.92	(46.9 %)	2,029.98	(69.7 %)	0.68
Q3 2019	32,809.63	(24.9 %)	7,978.34	(47.3 %)	737.04	(87.9 %)	0.25
Q4 2019	31,676.83	(21.3 %)	3,477.34	(71.5 %)	(891.49)	(127.7 %)	(0.30)
2019	135,396.00	(19.9 %)	29,404.72	(49.2 %)	5,198.11	(75.8 %)	1.73
Q1 2020	30,193.15	(16.2 %)	5,420.00	(42.4 %)	(1045.94)	(131.5 %)	(0.35)
Q2 2020	24,619.43	(29.5 %)	3,587.99	(58.0 %)	(2223.98)	(209.6 %)	(0.74)
Q3 2020	29,295.07	(10.7 %)	6,519.82	(18.3 %)	1,088.53	47.7 %	0.36
Q4 2020	32,841.64	3.7 %	7,959.13	128.9 %	2,248.22	352.2 %	0.75
2020	116,949.29	(13.6 %)	23,181.16	(21.2 %)	66.83	(98.7 %)	0.02
Q1 2021	37,530.68	24.3 %	11,086.06	104.5 %	4,862.37	564.9 %	1.62
Q2 2021	42,419.19	72.3 %	13,652.60	280.5 %	7,643.17	443.7 %	2.55
Q3 2021	43,697.92	49.2 %	12,294.30	88.6 %	5,594.64	414.0 %	1.86
Q4 2021	51,235.34	56.0 %	13,085.34	64.4 %	4,973.69	121.2 %	1.66
2021	174,883.13	49.5 %	47,877.13	106.5 %	23,066.00	34417.0 %	7.69
Q1 2022	52,641.59	40.3 %	13,476.89	21.6 %	6,474.95	33.2 %	2.16
Q2 2022	55,976.30	32.0 %	15,093.17	10.6 %	7,926.15	3.7 %	2.64
Q3 2022	43,316.20	(0.9 %)	8,182.04	(33.4 %)	1,835.92	(67.2 %)	0.61
Q4 2022	39,535.78	(22.8 %)	5,707.14	(56.4 %)	292.70	(94.1 %)	0.10
2022	183,076.59	4.7 %	41,321.74	(13.7 %)	16,529.72	(28.3 %)	5.51
Q1 2023	36,432.36	(30.8 %)	5,845.25	(56.6 %)	656.91	(89.9 %)	0.22
Q2 2023	37,166.81	(33.6 %)	5,373.26	(64.4 %)	1,178.42	(85.1 %)	0.39

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2013	188,986.04	0.0 %	55,298.90	3.6 %	25,278.38	2.0 %	8.43
2014	188,988.65	0.0 %	51,477.16	(6.9 %)	23,347.11	(7.6 %)	7.78
2015	148,085.74	(21.6 %)	43,027.76	(16.4 %)	18,768.69	(19.6 %)	6.26
2016	142,998.83	(3.4 %)	47,239.69	9.8 %	17,613.61	(6.2 %)	5.87
2017	149,765.97	4.7 %	49,907.73	5.6 %	18,431.85	4.6 %	6.14
2018	169,128.34	12.9 %	57,841.32	15.9 %	21,520.68	16.8 %	7.17
2019	135,396.00	(19.9 %)	29,404.72	(49.2 %)	5,198.11	(75.8 %)	1.73
2020	116,949.29	(13.6 %)	23,181.16	(21.2 %)	66.83	(98.7 %)	0.02
2021	174,883.13	49.5 %	47,877.13	106.5 %	23,066.00	34417.0 %	7.69
2022	183,076.59	4.7 %	41,321.74	(13.7 %)	16,529.72	(28.3 %)	5.51

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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 %
Q1 2022	27.64 %	24.29 %	13.60 %
Q2 2022	26.50 %	22.78 %	12.83 %
Q3 2022	24.53 %	20.82 %	11.26 %
Q4 2022	22.18 %	18.23 %	8.97 %
2022	22.57 %	18.67 %	9.38 %
Q1 2023	19.87 %	15.72 %	6.26 %
Q2 2023	16.05 %	12.42 %	2.70 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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 %
2022	22.57 %	18.67 %	9.38 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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 %
Q1 2022	25.60 %	22.91 %	13.03 %
Q2 2022	26.96 %	22.50 %	14.16 %
Q3 2022	18.89 %	14.67 %	5.43 %
Q4 2022	14.44 %	9.83 %	0.10 %
Q1 2023	16.04 %	12.94 %	1.80 %
Q2 2023	14.46 %	12.02 %	3.17 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
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
Q1 2022	3,000.00	8.23	8.61	62.53
Q2 2022	3,000.00	8.32	8.70	60.22
Q3 2022	3,000.00	7.07	7.62	60.96
Q4 2022	3,000.00	5.51	5.73	62.02
Q1 2023	3,000.00	3.57	3.66	62.33
Q2 2023	3,000.00	1.32	1.41	58.93

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
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
2022	3,000.00	5.51	5.73	62.02

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
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
Q1 2022	15.92	15.21	2.10
Q2 2022	12.21	11.67	1.69
Q3 2022	12.56	11.65	1.46
Q4 2022	16.23	15.62	1.44
Q1 2023	25.29	24.69	1.45
Q2 2023	66.75	62.61	1.50

Period	P/E	Adjusted P/E	Price/book
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
2022	16.23	15.62	1.44

Business Segments (Million)

Compared With The

Period	Consolidated	Fertilizer	Discontinued operation	Headquarters & Others	Adjustments
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	-	-
Q1 2022	44,281.86	4,044.45	4,315.28	-	-
Q2 2022	46,210.88	5,687.48	4,077.93	-	-
Q3 2022	39,051.82	4,264.32	-	-	-
Q4 2022	35,301.43	4,234.35	-	-	-
Q1 2023	34,007.34	2,425.03	-	-	-
Q2 2023	31,602.84	2,494.53	3,069.44	-	-

Period	Consolidated	Fertilizer	Discontinued operation	Headquarters & Others	Adjustments
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	-	-
2022	164,845.99	18,230.61	-	-	-

Analysts Estimates (Million)

Item	Q2 2023 (e)	Q2 2023 (a)	Change‬
Average	1,161.17	1,178.42	1.49 %

Estimates vs Actual (Million)

Item	Q2 2023 (e)	Q2 2023 (a)	Change
SNB Capital	1,200.00	1,178.42	(1.8) %
Riyad Capital	1,224.00	1,178.42	(3.7) %
JP Morgan	1,120.00	1,178.42	5.2 %
OSOOL AND BAKHEET	1,250.00	1,178.42	(5.7) %
Goldman Sachs	1,110.00	1,178.42	6.2 %
AlJazira Capital	1,387.00	1,178.42	(15.0) %
Hermes	1,017.00	1,178.42	15.9 %
Bank of America	714.48	1,178.42	64.9 %
U-Capital	3,537.90	1,178.42	(66.7) %
Value Capital	500.71	1,178.42	135.4 %
HSBC	474.00	1,178.42	148.6 %
Al Rajhi Capital	399.00	1,178.42	195.3 %

Financial Ratios

	Current
Market Cap (M Riyal)	222,000.00
Enterprise Value (EV) (M)	247,035.13
Shares Outstanding ((M))	3,000.00
EPS ( Riyal) (TTM)	(1.06)
Book Value (BV) ( Riyal)	55.65
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	More than 100
P/E (TTM)	NEG
Price/book	1.33
Return on Average Assets (%) (TTM)	(1.06 )
Return on Average Equity (%) (TTM)	(1.80 )

Saudi Basic Industries Corp. (SABIC)

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SABIC H1 2023 profit slumps 87% to SAR 1.8 bln; Q2 at SAR 1.2 bln

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Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (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) 2023 Q2

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 H1 2023 profit slumps 87% to SAR 1.8 bln; Q2 at SAR 1.2 bln

View other reports

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q2 2023

Revenue by Business Segment (Latest) 2023 Q2

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)