SAUDI KAYAN PETROCHEMICAL COMPANY |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 7.96 SAR | -0.50% |
|
-0.13% | -27.37% |
| Jul. 09 | Citi Cuts Saudi Kayan Petrochemical PT, Keeps at Neutral | MT |
| May. 16 | Saudi Exchange to Launch Single Stock Option Deals on Saudi Kayan Petrochemical | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 16,650 | 21,450 | 25,530 | 20,490 | 16,440 | 11,940 | - | - |
| Enterprise Value (EV) 1 | 33,672 | 37,128 | 37,989 | 30,147 | 26,056 | 21,123 | 19,908 | 18,167 |
| P/E ratio | -26.4 x | -27.5 x | 10.6 x | -16.5 x | -7.72 x | -9.68 x | 29.2 x | 17.2 x |
| Yield | - | - | - | - | - | - | - | 4.77% |
| Capitalization / Revenue | 1.75 x | 2.68 x | 2.02 x | 1.84 x | 2.01 x | 1.28 x | 1.17 x | 1.13 x |
| EV / Revenue | 3.53 x | 4.64 x | 3 x | 2.7 x | 3.19 x | 2.26 x | 1.95 x | 1.72 x |
| EV / EBITDA | 12.6 x | 17.3 x | 7.29 x | 20.2 x | 26.9 x | 13.5 x | 6.52 x | 5.17 x |
| EV / FCF | 17.8 x | 26.5 x | 11.2 x | 10.7 x | 252 x | 10.2 x | 7.2 x | 6.38 x |
| FCF Yield | 5.63% | 3.77% | 8.94% | 9.37% | 0.4% | 9.76% | 13.9% | 15.7% |
| Price to Book | 1.11 x | 1.53 x | 1.55 x | 1.32 x | 1.24 x | 0.97 x | 0.96 x | 0.97 x |
| Nbr of stocks (in thousands) | 1,500,000 | 1,500,000 | 1,500,000 | 1,500,000 | 1,500,000 | 1,500,000 | - | - |
| Reference price 2 | 11.10 | 14.30 | 17.02 | 13.66 | 10.96 | 7.960 | 7.960 | 7.960 |
| Announcement Date | 1/30/20 | 1/31/21 | 2/3/22 | 3/1/23 | 2/25/24 | - | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 9,536 | 8,007 | 12,656 | 11,157 | 8,171 | 9,349 | 10,231 | 10,547 |
| EBITDA 1 | 2,663 | 2,144 | 5,210 | 1,493 | 969.4 | 1,569 | 3,052 | 3,515 |
| EBIT 1 | 379 | -192.6 | 2,826 | -857.3 | -1,446 | -885.6 | 798.7 | 1,037 |
| Operating Margin | 3.97% | -2.41% | 22.33% | -7.68% | -17.7% | -9.47% | 7.81% | 9.83% |
| Earnings before Tax (EBT) 1 | -538.5 | -538.5 | 2,517 | -1,218 | -2,130 | -1,745 | 712.5 | 867 |
| Net income 1 | -636.8 | -784.7 | 2,393 | -1,244 | -2,136 | -1,345 | 553.1 | 856.5 |
| Net margin | -6.68% | -9.8% | 18.91% | -11.15% | -26.15% | -14.39% | 5.41% | 8.12% |
| EPS 2 | -0.4200 | -0.5200 | 1.600 | -0.8300 | -1.420 | -0.8225 | 0.2727 | 0.4629 |
| Free Cash Flow 1 | 1,895 | 1,400 | 3,395 | 2,826 | 103.5 | 2,062 | 2,766 | 2,849 |
| FCF margin | 19.87% | 17.49% | 26.82% | 25.33% | 1.27% | 22.05% | 27.03% | 27.01% |
| FCF Conversion (EBITDA) | 71.14% | 65.31% | 65.16% | 189.25% | 10.67% | 131.36% | 90.63% | 81.05% |
| FCF Conversion (Net income) | - | - | 141.87% | - | - | - | 500.09% | 332.63% |
| Dividend per Share 2 | - | - | - | - | - | - | - | 0.3800 |
| Announcement Date | 1/30/20 | 1/31/21 | 2/3/22 | 3/1/23 | 2/25/24 | - | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,565 | 3,138 | 3,407 | 2,596 | 2,016 | 1,682 | 2,209 | 2,137 | 2,142 | 1,976 | 2,162 | 2,188 | 2,736 | 2,189 |
| EBITDA 1 | 1,185 | 879.5 | 834.5 | -81.88 | -138.9 | 72.71 | 640.4 | 396.4 | 129.8 | 208.9 | 388.1 | 535.6 | 839.3 | 717.1 |
| EBIT 1 | 543.2 | 304.3 | 246.2 | -675.6 | -732.3 | -494.6 | -262.9 | -266 | -445.1 | -393.4 | -249.6 | -52.17 | -11.46 | 125.7 |
| Operating Margin | 15.24% | 9.7% | 7.23% | -26.02% | -36.32% | -29.4% | -11.9% | -12.44% | -20.78% | -19.91% | -11.55% | -2.38% | -0.42% | 5.74% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | -624.7 | -571.3 | - | - | - | - |
| Net income 1 | 452.6 | 209.4 | 150.1 | -812.3 | -791.1 | -673.3 | -392.1 | -449 | -622.1 | -571.9 | -500.5 | -534.6 | 346.4 | - |
| Net margin | 12.69% | 6.67% | 4.41% | -31.29% | -39.24% | -40.02% | -17.75% | -21.01% | -29.05% | -28.95% | -23.15% | -24.43% | 12.66% | - |
| EPS 2 | 0.3000 | 0.1400 | 0.1000 | -0.5400 | -0.5300 | -0.4500 | -0.2600 | -0.3000 | -0.4100 | -0.3800 | -0.3564 | -0.3564 | 0.2309 | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/3/22 | 5/8/22 | 8/2/22 | 10/24/22 | 3/1/23 | 5/9/23 | 8/2/23 | 10/23/23 | 2/25/24 | 4/29/24 | - | - | - | - |
1SAR in Million2SAR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 17,022 | 15,678 | 12,459 | 9,657 | 9,616 | 9,183 | 7,968 | 6,227 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 6.391 x | 7.311 x | 2.391 x | 6.467 x | 9.919 x | 5.851 x | 2.611 x | 1.771 x |
| Free Cash Flow 1 | 1,895 | 1,400 | 3,395 | 2,826 | 103 | 2,062 | 2,766 | 2,849 |
| ROE (net income / shareholders' equity) | -4.16% | -5.42% | 15.7% | -7.79% | -14.9% | -7.9% | 3.13% | 4.14% |
| ROA (Net income/ Total Assets) | -1.66% | -2.29% | 7.21% | -4.07% | -7.78% | -6.16% | 2.95% | 0.38% |
| Assets 1 | 38,453 | 34,337 | 33,180 | 30,585 | 27,477 | 21,826 | 18,749 | 225,395 |
| Book Value Per Share 2 | 9.970 | 9.340 | 11.00 | 10.30 | 8.860 | 8.170 | 8.290 | 8.200 |
| Cash Flow per Share 2 | 1.470 | 1.160 | 2.550 | 2.120 | 0.5900 | 0.6800 | 1.570 | 1.920 |
| Capex 1 | 304 | 338 | 423 | 354 | 781 | 649 | 605 | 686 |
| Capex / Sales | 3.19% | 4.22% | 3.34% | 3.18% | 9.56% | 6.94% | 5.91% | 6.51% |
| Announcement Date | 1/30/20 | 1/31/21 | 2/3/22 | 3/1/23 | 2/25/24 | - | - | - |
1SAR in Million2SAR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
D+
Sell
Buy
Mean consensus
HOLD
Number of Analysts
10
Last Close Price
7.96
SAR
Average target price
10.22
SAR
Spread / Average Target
+28.39%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -27.37% | 3.18B | |
| +3.49% | 102B | |
| -10.18% | 59.99B | |
| +82.86% | 51.32B | |
| +4.83% | 34.84B | |
| -0.81% | 30.66B | |
| +5.39% | 18.79B | |
| +20.79% | 17.98B | |
| +7.97% | 13.79B | |
| +78.32% | 13.28B |
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