SABIC’s H1 2024 profit jumps 32% to SAR 2.4B; Q2 at SAR 2.2B

01/08/2024 Argaam Exclusive

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Saudi Basic Industries Corp. (SABIC) reported a net profit rise of 32% to SAR 2.4 billion in the first half of 2024, from SAR 1.8 billion a year earlier.

Financials (M)

Item	6m 2023	6m 2024	Change‬
Revenues	70,529.75	68,404.42	(3.0 %)
Gross Income	11,093.22	13,056.18	17.7 %
Operating Income	2,190.08	3,385.51	54.6 %
Net Income	1,835.33	2,429.75	32.4 %
Average Shares	3,000.00	3,000.00	-
EPS (Riyals)	0.61	0.81	32.4 %

The profit growth was driven by an 18% rise year-on-year (YoY) in gross profit, thanks to improved profit margins and despite a partial increase in operating expenses (OpEx) due to some nonrecurring charges. SABIC’s shares in the results of associates increased by SAR 245 million.

The company also recorded a reversal of Zakat provision, which led to positive non-cash gains of SAR 214 million in H1 2024 compared to Zakat expense of SAR 919 million a year earlier.

Gains from fair valuation of derivative equity instruments decreased, reducing the non-cash finance income by SAR 556 million. On the other hand, the first-half revenue declined on lower sales volumes.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2023	Q2 2024	Change‬
Revenues	34,097.38	35,718.60	4.8 %
Gross Income	5,437.06	7,193.82	32.3 %
Operating Income	993.24	2,252.77	126.8 %
Net Income	1,178.42	2,183.53	85.3 %
Average Shares	3,000.00	3,000.00	-
EPS (Riyals)	0.39	0.73	85.3 %

Item	Q1 2024	Q2 2024	Change‬
Revenues	32,685.82	35,718.60	9.3 %
Gross Income	5,862.36	7,193.82	22.7 %
Operating Income	1,132.74	2,252.77	98.9 %
Net Income	246.22	2,183.53	786.8 %
Average Shares	3,000.00	3,000.00	-
EPS (Riyals)	0.08	0.73	786.8 %

In Q2 2024, the giant petrochemical producer’s bottom line soared 85% to SAR 2.2 billion from SAR 1.1 billion in Q2 2023, thanks to higher revenue amid better. Average selling prices and a slight increase in sales volumes.

Gross profits jumped 32% YoY on improved profit margins of some key products.

Moreover, net earnings skyrocketed to SAR 2.2 billion from SAR 246.2 million in Q1 2024.

Shareholders’ equity, after minority interest, stood at SAR 163.91 billion as of June 30, 2024, compared to SAR 176.78 billion a year earlier.

Attached Documents:

View More Financial Results

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
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 %
Q1 2022	52,641.59	40.3 %	13,476.89	21.6 %	8,586.28	31.3 %
Q2 2022	55,976.30	32.0 %	15,093.17	10.6 %	9,110.99	3.3 %
Q3 2022	43,316.20	(0.9 %)	8,182.04	(33.4 %)	2,849.93	(58.9 %)
Q4 2022	39,535.78	(22.8 %)	5,707.14	(56.4 %)	193.99	(97.5 %)
2022	183,076.59	4.7 %	41,321.74	(13.7 %)	20,025.27	(33.2 %)
Q1 2023	36,432.36	(30.8 %)	5,845.25	(56.6 %)	1,196.84	(86.1 %)
Q2 2023	34,097.38	(39.1 %)	5,437.06	(64.0 %)	993.24	(89.1 %)
Q3 2023	35,975.30	(16.9 %)	6,658.29	(18.6 %)	2,038.39	(28.5 %)
Q4 2023	35,032.14	(11.4 %)	5,968.57	4.6 %	726.62	274.6 %
2023	141,537.19	(22.7 %)	23,720.08	(42.6 %)	4,955.09	(75.3 %)
Q1 2024	32,685.82	(10.3 %)	5,862.36	0.3 %	1,132.74	(5.4 %)
Q2 2024	35,718.60	4.8 %	7,193.82	32.3 %	2,252.77	126.8 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
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 %
2022	183,076.59	4.7 %	41,321.74	(13.7 %)	20,025.27	(33.2 %)
2023	141,537.19	(22.7 %)	23,720.08	(42.6 %)	4,955.09	(75.3 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
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
Q1 2022	6,474.95	33.2 %	2.16	(384.00)	6,858.95	2.29
Q2 2022	7,926.15	3.7 %	2.64	-	7,926.15	2.64
Q3 2022	1,835.92	(67.2 %)	0.61	(515.00)	2,350.92	0.78
Q4 2022	292.70	(94.1 %)	0.10	252.96	39.74	0.01
2022	16,529.72	(28.3 %)	5.51	(646.04)	17,175.77	5.73
Q1 2023	656.91	(89.9 %)	0.22	-	656.91	0.22
Q2 2023	1,178.42	(85.1 %)	0.39	-	1,178.42	0.39
Q3 2023	(2876.36)	(256.7 %)	(0.96)	(3186.04)	309.68	0.10
Q4 2023	(1731.25)	(691.5 %)	(0.58)	(1906.87)	175.62	0.06
2023	(2772.28)	(116.8 %)	(0.92)	(5092.92)	2,320.63	0.77
Q1 2024	246.22	(62.5 %)	0.08	(365.59)	611.81	0.20
Q2 2024	2,183.53	85.3 %	0.73	183.86	1,999.67	0.67

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
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
2022	16,529.72	(28.3 %)	5.51	(646.04)	17,175.77	5.73
2023	(2772.28)	(116.8 %)	(0.92)	(5092.92)	2,320.63	0.77

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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	16.41 %	12.81 %	2.76 %
Q3 2023	16.19 %	13.38 %	1.50 %
Q4 2023	16.89 %	13.54 %	1.64 %
2023	16.76 %	13.54 %	1.64 %
Q1 2024	17.36 %	13.71 %	1.65 %
Q2 2024	18.42 %	14.39 %	2.22 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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 %
2023	16.76 %	13.54 %	1.64 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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	15.95 %	13.75 %	3.46 %
Q3 2023	18.51 %	17.40 %	0.86 %
Q4 2023	17.04 %	10.02 %	0.50 %
Q1 2024	17.94 %	13.56 %	1.87 %
Q2 2024	20.14 %	16.39 %	5.60 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
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
Q3 2023	3,000.00	(0.25)	0.73	57.97
Q4 2023	3,000.00	(0.92)	0.77	55.81
Q1 2024	3,000.00	(1.06)	0.76	55.65
Q2 2024	3,000.00	(0.73)	1.03	54.64

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
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
2023	3,000.00	(0.92)	0.77	55.81

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
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
Q3 2023	NEG	More than 100	1.42
Q4 2023	NEG	More than 100	1.50
Q1 2024	NEG	More than 100	1.41
Q2 2024	NEG	71.49	1.35

Period	P/E	Adjusted P/E	Price/book
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
2023	NEG	More than 100	1.50

Business Segments (Million)

Compared With The

Period	Consolidated	Fertilizer	Discontinued operation	Headquarters & Others	Adjustments
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	31,602.85	2,494.53	-	-	-
Q3 2023	33,505.36	2,469.95	-	-	-
Q4 2023	32,142.29	2,889.85	-	-	-
Q1 2024	30,422.20	2,263.62	-	-	-
Q2 2024	33,330.11	2,388.49	-	-	-

Period	Consolidated	Fertilizer	Discontinued operation	Headquarters & Others	Adjustments
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	-	-	-
2023	131,257.83	10,279.36	-	-	-

Analysts Estimates (Million)

Item	Q2 2024 (e)	Q2 2024 (a)	Change‬
Average	759.61	2,183.53	187.45 %

Estimates vs Actual (Million)

Item	Q2 2024 (e)	Q2 2024 (a)	Change
JP Morgan	1,140.00	2,183.53	91.5 %
Bank of America	1,039.00	2,183.53	110.2 %
YAQEEN	1,005.00	2,183.53	117.3 %
SNB Capital	837.00	2,183.53	160.9 %
Value Capital	825.39	2,183.53	164.5 %
Hermes	773.00	2,183.53	182.5 %
Goldman Sachs	690.00	2,183.53	216.5 %
Al Rajhi Capital	687.00	2,183.53	217.8 %
AlJazira Capital	670.00	2,183.53	225.9 %
Riyad Capital	627.00	2,183.53	248.2 %
OSOOL AND BAKHEET	536.97	2,183.53	306.6 %
U-Capital	285.00	2,183.53	666.1 %

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’s H1 2024 profit jumps 32% to SAR 2.4B; Q2 at SAR 2.2B

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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) 2024 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’s H1 2024 profit jumps 32% to SAR 2.4B; Q2 at SAR 2.2B

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) Q2 2024

Revenue by Business Segment (Latest) 2024 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)