Saudi Kayan Petrochemical (2350: SAR12.0) up 7.3% in 2 days 01 December 2022

STOCK REVIEW

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Saudi Kayan Petrochemical Company (TASI:2350), Saudi Arabia's 5th largest Petrochemical industries company by market cap, extended its gains on Thursday, rising an additional 28.0 hallalah (2.4%) to close at SAR12.0. The shares have jumped 82.0 hallalah (7.3%) over the past two trading days, compared with the All Share Index (TASI) which rose 70.6 points (0.7%) in the two days for a relative price increase of 6.7%.

Cumulative volume in the 2 days was 1.1 times the average 2-day volume of 1.6 million shares. There were 1,454,601 shares worth SAR17.5 million ($4.7 million) traded today.

SAUDI KAYAN PETROCHEMICAL Stock Dashboard [traded in Saudi Riyal, SAR]

ExchangeSAUDI ARABIANMarket CapSAR18 billion
Currency1.000 USD = 3.75 Saudi Riyal (SAR)Shares Outstanding1,500,000,000
Dec 01, 2022SAR12.0% Held by Top 9 Shareholders35.1
Ave Daily Volume1,563,937 shares2350 in IndicesAll Share, Petrochemical Industries
52-Week Range10.80 - 24.06PV$1000 (1 yr)SAR704
SectorPetrochemical Industries

Financial News

Quarterly Report (Q3/2022):

Release Date: November 01, 2022

Quarterly Report Analysis Q3 2022: Saudi Kayan Petrochemical reports 490% sequential rise in Quarterly Revenue

Saudi Kayan Petrochemical (TASI:2350), announced total revenue of SAR2.6b ($692m) for the quarter-ended 30 September 2022 [Q3/2022], up 490% from the previous quarter [Q2/2022] and down 24% from the year-earlier period [Q3/2021].

Quarterly Report (Q3 2022)

Quarter-ended30 Sep [Q3/2022]30 Jun [Q2/2022]31 Mar [Q1/2022]
Revenue, SAR2.6billion440million470million
Revenue, $ million692117125
Sequential growth in Revenue %490-6.4-38.9
Net Profit, SAR million-812150209
Net Profit, $ million-21740.055.8
Sequential growth in Net Profit %--28.3-54

Compared with the Previous Corresponding Period [PCP; Q3/2021], year-over-year [y.o.y.] Revenue was down 24.4%.

Quarter-ended30 Sep [Q3/2022]30 Sep [Q3/2021]
Revenue, SAR billion2.63.4
Revenue, $ million692916
PCP growth in Revenue %-24.41,312

Stock vs Index (Annual Percentage Change)

December 31Last price in SAR Annual ReturnIndex return of All Share Index (TASI)
2021SAR17.0219.029.8
2020SAR14.3028.83.6
2019SAR11.10-15.97.2
2018SAR13.2023.48.3
2017SAR10.70--

Over 5 years Saudi Kayan Petrochemical Company is up a total 59.1% at an annualized rate of 12.3% compared to the Index being up 56.1% at an annualized rate of 11.8%.

Saudi Kayan Petrochemical Company has outperformed the All Share Index (TASI) in 2 of the past 5 years

years: 2020, 2018;

DATA & ARCHIVE DOWNLOAD CENTER

2350: EXCEL TABLES ARE AVAILABLE TO EXPORT DATA:

+ PRICE VOLUME - 5-YEAR HISTORY

+ FINANCIALS - 10-YEAR HISTORY [INCLUDING Q3/2022]:

+ PEER COMPARISON - STOCK IN PETROCHEMICAL INDUSTRIES SECTOR AND STOCK IN INDICES

2350: LINKS IN HTML TO FURTHER INFORMATION:

+ NEWS ARCHIVES - 2350 PAST 3 YEARS IN HTML:

+ PRICE VOLUME CHARTS IN HTML

+ EUR vs SAR EXCHANGE RATE CHARTS IN HTML

INDEX

SECTION 1 THE PAST QUARTER: FINANCIALS

SECTION 2 TODAY'S BEARISH SIGNALS

SECTION 3 ONGOING BEARISH PARAMETERS

SECTION 4 TODAY'S BULLISH SIGNALS

SECTION 5 ONGOING BULLISH PARAMETERS

SECTION 6 CORPORATE PROFILE

SECTION 7 FINANCIALS FY 2021

SECTION 8 FINANCIALS AS REPORTED Q3 2022, PAST 7 YEARS

SECTION 9 TOP SHAREHOLDERS

SECTION 10 PEER COMPARISON & RANKING OF 2350

SECTION 11 CURRENCY SYNOPSIS: SAUDI RIYAL (SAR)

STOCK IDENTIFIERS

GLOSSARY

SECTION 1 THE PAST QUARTER: FINANCIALS

1.1 Saudi Kayan Petrochemical Financials Summary:

+ Sales were up 688.3% from $120.5 million in FY2020 to $950.3 million in FY2021.

+ There was a turnaround in Net profit from -$209.3 million in FY2020 to $637.5 million in FY2021.

Year ended DecFY2021FY2020FY2019
Sales ($ M)950.3120.5316.5
Pretax ($ M)670.7(178.9)(143.6)
Net ($ M)637.5(209.3)(169.8)

1.2 Quarterly Financials (Q3/2022)

Saudi Kayan Petrochemical reports 490% sequential rise in Quarterly Revenue

Release Date: November 01, 2022

Saudi Kayan Petrochemical (TASI:2350), announced total revenue of SAR2.6b ($692m) for the quarter-ended 30 September 2022 [Q3/2022], up 490% from the previous quarter [Q2/2022] and down 24% from the year-earlier period [Q3/2021].

Quarterly Report (Q3 2022)

Quarter-ended30 Sep [Q3/2022]30 Jun [Q2/2022]31 Mar [Q1/2022]
Revenue, SAR2.6billion440million470million
Revenue, $ million692117125
Sequential growth in Revenue %490-6.4-38.9
Net Profit, SAR million-812150209
Net Profit, $ million-21740.055.8
Sequential growth in Net Profit %--28.3-54

Compared with the Previous Corresponding Period [PCP; Q3/2021], year-over-year [y.o.y.] Revenue was down 24.4%.

Quarter-ended30 Sep [Q3/2022]30 Sep [Q3/2021]
Revenue, SAR billion2.63.4
Revenue, $ million692916
PCP growth in Revenue %-24.41,312

Currency Conversion (September 30, 2022): $1 = SAR3.75

Currency Conversion (September 30, 2021): $1 = SAR3.75

SECTION 2 TODAY'S BEARISH SIGNALS

2.1 Rank in the bottom 18% by Price Performance in the Saudi Arabian market

DescriptionValueRank
Rel Strength 6 mo19In Bottom 18%

2.2 Downtrend

Price/Moving Average Price of 0.67 and negative MACD:

- The Price/MAP 200 for Saudi Kayan Petrochemical is 0.67. Being less than 1 is a bearish indicator. It is lower than the Price/MAP 200 for the All Share Index (TASI) of 0.89, a second bearish indicator. The stock is trading below both its MAPs and the 50-day MAP of SAR12.86 is lower than the 200-day MAP of SAR17.80, a third bearish indicator. The 200-day MAP has decreased to SAR17.80, a fourth bearish indicator.

- The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) of 11.6 minus the 26-day EMA of 12.0 is negative, suggesting a bearish signal.

Past Month:

- Falls to Rises: In the past month the number of falls outnumbered rises 14:8 or 1.8:1.

Past Quarter:

- In the last three months the stock has hit a new 52-week low ten times, pointing to a significant downtrend.

The Worst 3 weeks in the past quarter

In the past quarter the steepest fall of 8.6% took place in the week beginning Sunday October 23. The fall was exacerbated by volume of 1.4 times average.

Sun-ThuChange %All Share index (TASI) Change %RPC %Vol Ind [1 is avg]
Oct 23-27-8.6-2.1-6.51.4
Aug 28-Sep 01-7.6-3.6-4.11
Nov 06-10-7.4-2-5.51.1

Trailing Relative Strength (6 months) at 19 percentile:

- The stock has a 6-month relative strength of 19 in the Saudi Arabian market of 211 stocks indicating it is trailing 81% of the market.

2.3 Other Bearish Signals

- Return on Equity of 14.5% versus sector average of 17.0% and market average of 18.3%.

- Total Liabilities/EBITDA of 6.5 is more than 5, this compares unfavourably with the Joseph Piotroski benchmark of 5.

- Return on Assets of 7.3% versus sector average of 9.4%.

- As per the Du Pont analysis, Return on Equity of 14.5% is lower than sector average of 17.0%. This is computed as net profit margin of 67.1% times asset turnover [sales/assets] of 0.11 times leverage factor [total assets/shareholders' equity] of 2.0.

SECTION 3 ONGOING BEARISH PARAMETERS

3.1 Present Value of SAR1000 Invested in the Past [3 Mo, 1 Yr]; The Worst Periods with PVSAR1000 < 829

PVSAR1,0003 mo ago1 yr ago
2350.TASISAR828SAR704
Petrochemical Industries sectorSAR835SAR799
All Share Index (TASI)SAR898SAR997

3.2 The Worst Periods [3 Mo, 1 Yr] with Price Change % < -17.1

1-Year price change of -29.6% for Saudi Kayan Petrochemical underperformed the change of 0.9% in the All Share index (TASI) for a relative price change of -30.5%.

Price Change %QuarterYear
Saudi Kayan Petrochemical-17.2-29.6
Petrochemical Industries sector-17.6-19.8
All Share index (TASI)-10.90.9

3.3 Moving Annual Return of -29.6% in the past year:

Moving Annual Return was -29.6% in the past year. Based on a dynamic start date of 5 years ago, the real rate of return has averaged 11.4%

2350Close (SAR)Annual Return %
Dec 0112(29.6)
1 Yr ago17.0442.0
2 Yrs ago1219.0
3 Yrs ago10.08(27.5)
4 Yrs ago13.953.1

Close 5 years ago SAR9.08

3.4 Annualised Period-based Total Shareholder Returns [TSR %]: The Worst Period with TSR < -29.5%

TSR %1 yr
2350.TASI-29.6

3.5 Declining Volume, down 87% in 5 years

In the past five years, Average Daily Volume of Trading (ADVT) has decreased 86.8% to 1.6 million shares.

Avg. Daily Volume Traded 12 months ended Dec 01, million shares

YearADVT
20221.6
20219.1
20207.2
20196.2
201811.9

3.6 Declining share turnover, down 43% in 5 years

In the past five years, average daily share turnover has decreased 42.9% to SAR92.2 million ($24.6 million). This suggests decreased liquidity.

Past five years, 12 months ended Dec 01 (SAR million)

YearAverage Daily Turnover
202292.2
2021154.9
202069.9
201975.4
2018161.5

3.7 Satisfies 3 out of 9 criteria of Joseph Piotroski [pass mark 5]:

- Positive net income.

- Positive operating cashflow.

- Good quality of earnings [operating cashflow exceeds net income].

But does not meet the following 6 criteria of Joseph Piotroski:

- Return on Assets improvement.

- Improvement in long-term debt to total assets.

- Improvement in current ratio.

- Total shares on issue unchanged (or reduction in total shares on issue).

- Improvement in gross margin.

- Improvement in asset turnover.

SECTION 4 TODAY'S BULLISH SIGNALS

4.1 PAST WEEK: WEAK MOMENTUM UP - 2350 lifts 8.3% on volume 0.8 times average

Week 49 of 2022: Up 8.3%; Saudi Kayan Petrochemical (2350) outperformed the All Share index (TASI) in 4 out of 5 days. The price ranged between a low of SAR11.06 on Sunday Nov 27 and a high of SAR12.0 on Thursday Dec 01.

DateSaudi Kayan PetrochemicalClose [SAR]Change %RPC % *Comment
Sun Nov 27In 7th consecutive fall11.06-0.21.1Week-low of 11.06
Mon Nov 28Hits year-low 10th time in three months11.261.82.3Price/MAP50 below 1 and falling
Tue Nov 29Falls in 4 out of last 5 days; 5-day fall of 1.9%11.18-0.7-0.8Steepest Fall
Wed Nov 30In top 1% performers of All Share Index (TASI)11.724.84.6Top Rise; VI*=1.2
Thu Dec 01Up 7.3% in 2 days122.42.1Week-high of 12

* RPC - Relative Price Change is % price change of stock less % change of the All Share Index (TASI).

[Volume Index (VI); 1 is average]

4.2 Rank in the top 12% by Relative Valuation in the Saudi Arabian market

DescriptionValueRank
Price to Book Value1.1In Top 12%

4.3 Rank in the top 5% by Price Performance in the Saudi Arabian market

DescriptionValueRank
1-week Price Change %8.3In Top 5%

4.4 Undervaluation

Price to Book of 1.1 < Sector average of 4.5:

- The Price to Book of 1.1 indicates undervaluation compared with sector average of 4.5 and 8.2 for the Saudi Market.

MCap/Total Assets:

- Tobin's Q Ratio, defined as MCap divided by Total Assets, is 0.5. Compared with the rest of the market the stock is undervalued.

4.5 Other Bullish Signals

- Return on Capital Employed of 8.7% versus sector average of 5.8%.

SECTION 5 ONGOING BULLISH PARAMETERS

5.1 Rule of 40

The stock scores a favorable score exceeding 40 when using the Rule of 40 (Revenue Growth plus EBITDA margin). Y.o.y revenue growth of 688%, EBITDA margin is 70.6% and the sum of the two 758.9% needs to exceed 40%.

5.2 Rank in the top 15% by Size in the Saudi Arabian market

DescriptionValueRank
Ave daily TurnoverSAR17.5 million ($4.7 million)In Top 9%
Annual RevenueSAR3.6 billion ($950.3 million)In Top 14%
MCap$5 billionIn Top 15%

5.3 Rank in the top 14% by Performance in the Saudi Arabian market

DescriptionValueRank
Net Profit Margin %67.1In Top 14%

5.4 Present Value of SAR1000 Invested in the Past 3 Years; The Best Period with PVSAR1000 > 1,189

PVSAR1,0003 yrs ago
2350.TASISAR1,190
Petrochemical Industries sectorSAR1,134
All Share Index (TASI)SAR1,370

5.5 Annualised Period-based Total Shareholder Returns [TSR %]: The Best Periods with TSR > 5.6%

TSR %3 yrs5 yrs
2350.TASI5.95.7

5.6 Improved EBIT Margins:

EBIT margin is positive and has increased from -8.4% to 19.9% in the past year.

FYEBIT Margins (%)
202119.9
2020-8.4
2019-5.6
201815.3
20177.9

5.7 Increased VWAP, up 31% in 5 years

In the past five years Volume Weighted Average Price (VWAP) has increased by 31.1% to SAR18.15. Based on a dynamic start date of five years ago, there have been declines in VWAP in 3 out of 5 years.

Past five years, 12 months ended Dec 01 (SAR)

YearHigh PriceVWAPLow Price
202224.0618.1510.8
202121.4617.011.68
202012.389.776.77
201914.9212.569.63
201818.5913.849.05

5.8 Growth > 490% for Revenue:

- Revenue growth has shown signs of recovery in recent quarters. [All figures in %]

Qtr-endedRevenue GrowthNet Profit GrowthNet Profit Margin
Sep 22 [Q3 vs Q2]490--31.3
Jun 22 [Q2 vs Q1]-6.4-28.334.1
Mar 22 [Q1 vs Q4]-38.9-53.744.5

5.9 - Revenue growth rate has shown signs of recovery in recent years. [compared with previous year, all figures in %]

FYRevenue Growth
2021688
2020-62
2019-67

SECTION 6 CORPORATE PROFILE

6.1 Activities

Saudi Kayan Petrochemical operates in the chemical and petrochemical industry. The Company operates a petrochemical complex located at Jubail Industrial City, with an annual production capacity exceeding 4 million metric tons of petrochemical and chemical products. It is Saudi Arabia's 5th largest Petrochemical industries company by market capitalisation.

6.2 Contact Details

Websitehttp:// http://www.saudikayan.com
Physical AddressPO Box 10302 , Al -Jubail Industrial area , Kingdom Of Saudi Arabia
Phone33593000
Fax33593111
EmailShares@Saudikayan.sabic.com

SECTION 7 FINANCIALS FY 2021

7.1 Financials, FY 2021 [year-ended 31 December 2021 ]

Saudi Kayan Petrochemical Revenue up 688%

Release Date: March 10, 2022

Saudi Kayan Petrochemical (TASI:2350) reported total revenue for the year-ended 31 December 2021 [FY2021] of SAR3.6b ($950m), up 688% from SAR452m ($121m) in the previous year [FY2020].

7.2 Annual growth in Revenue

Year-ended31 December [FY/2021]31 December [FY/2020]
Revenue, SAR3.6b452m
Revenue, $ Million950121
Growth in Revenue %688.3-61.9
Net Profit, SAR2.4b-785m
Net Profit, $ Million637-209

Major changes compared with previous year (FY2021 vs FY2020):

Favourable Changes:

- Administration expenses to Sales down from 7.6% to 5.8%

- Total liabilities to Total assets down 13.8% from 0.6 to 0.5

- Working capital to total assets up from 7.5% to 9.1%

- Total current assets to Total Assets up from 17.4% to 21.1%

- Total Liabilities to Operating Cash Flow of 4.1 compares favourably with the Joseph Piotroski benchmark of <4. This ratio has improved by 63.4% from the previous year's ratio of 11.1.

Unfavourable Changes:

- Total non-current assets to Total Assets down from 82.6% to 78.9%

- Fixed Assets to Total Assets down from 82.2% to 78.7%

- Other non-current assets to Total Assets down from 0.3% to 0.2%

- Total Liabilities to EBITDA of 6.5 compares unfavourably with the Joseph Piotroski benchmark of <5

Currency Conversion (December 31, 2021): $1 = SAR3.75

Currency Conversion (December 31, 2020): $1 = SAR3.75

Five-year record of growth and performance:

In the last 5 years Total Revenue averaged SAR2,245.2M ($598.7M), EBITDA averaged SAR795.8M ($212.2M) and Net Profit averaged SAR667.9M ($178.1M). Compound Annual Growth Rate (CAGR) averaged -16.2% for Total Revenue, 77.8% for Net Profit and 61.1% for EBITDA.

DescriptionAnnual (SAR B)Annual ($ M)5-year Avg (SAR M)5-year Avg ($ M)5-year CAGR %
Total Revenue3.6950.32,245.2598.7(16.2)
EBITDA2.5670.7795.8212.261.1
Operating Profit2.5670.7795.8212.261.1
Net Profit2.4637.5667.9178.177.8

SECTION 8 FINANCIALS AS REPORTED Q3 2022, PAST 7 YEARS

8.1 Financials as reported (Q3/2022)

RESULTS OF OPERATIONS AND FINANCIAL CONDITION

(In SAR Thousand, except per share data and shares outstanding)

INCOME STATEMENT AS REPORTED (Q3/2022)

DescriptionSAR ThousandSAR Thousand
Sep 3020222021Change %
Sales2,596,3243,434,066Down 24.4
Cost of sales-3,085,014-2,451,024Deterioration 25.9
Gross (loss) profit-488,690983,042Deterioration
Selling and distribution expenses-68,013-67,903Deterioration 0.2
General and administrative expenses-118,854-126,330Improved 5.9
Operating (loss) profit-675,557788,809Deterioration
Finance income4,5431,509Up 201.1
Finance cost-121,890-68,791Deterioration 77.2
Other (expense) income - net-212,314Deterioration
(Loss) profit before zakat-792,925723,841Deterioration
Zakat-19,343-56,395Improved 65.7
(Loss) profit for the period-812,268667,446Deterioration
Other comprehensive income (loss)
Items that will not be reclassified to the interim condensed statement of profit or loss in subsequent periods:
Re-measurement of defined benefit obligations106,872-9,842Recovery
Other comprehensive income (loss) for the period106,872-9,842Recovery
Total comprehensive (loss) income for the period-705,396657,604Deterioration
Earnings per share
Number of shares outstanding (in thousands)1,500,000,0001,500,000,000Steady
Basic and diluted earnings per share attributable to the shareholders of the Company (Saudi Riyals)-54.0 hallalah44.0 hallalahDeterioration

BALANCE SHEET AS REPORTED (Q3/2022)

DescriptionSAR ThousandSAR Thousand
Sep 30, 2022Dec 31, 2021Change %
ASSETS
Non-current assets
Property plant and equipment23,735,56425,300,616Down 6.2
Right-of-use assets282,427292,603Down 3.5
Intangible assets225,229248,822Down 9.5
Other non-current assets57,15668,241Down 16.2
Total non-current assets24,300,37625,910,282Down 6.2
Current assets
Inventories1,496,4071,758,316Down 14.9
Trade receivables3,069,2103,840,044Down 20.1
Prepayments71,54994,775Down 24.5
Other current assets325,282332,440Down 2.2
Cash and cash equivalents1,291,632918,594Up 40.6
Total current assets6,254,0806,944,169Down 9.9
Total assets30,554,45632,854,451Down 7.0
EOUITY AND LIABILITIES
Equity
Share capital15,000,00015,000,000Steady
Statutory reserve288,470288,470Steady
Other components of equity620,874620,874Steady
Actuarial gain / (loss) reserve206,486-108,531Recovery
Retained earnings215,694668,459Down 67.7
Total equity16,331,52416,469,272Down 0.8
Liabilities
Non-current liabilities
Term loans8,095,38511,266,857Down 28.1
Lease liabilities236,795268,652Down 11.9
Employees' benefits669,866906,557Down 26.1
Total non-current liabilities9,002,04612,442,066Down 27.6
Current liabilities
Current portion of term loans3,184,8491,801,857Up 76.8
Current portion of lease liabilities81,29840,647Up 100.0
Trade payables774,256837,519Down 7.6
Accruals and other current liabilities1,075,6521,119,621Down 3.9
Zakat provision104,831143,469Down 26.9
Total current liabilities5,220,8863,943,113Up 32.4
Total liabilities14,222,93216,385,179Down 13.2
Total equity and liabilities30,554,45632,854,451Down 7.0

CASH FLOW AS REPORTED (Q3/2022)

DescriptionSAR ThousandSAR Thousand
Sep 3020222021Change %
Cash flows from operating activities
(Loss) / profit before zakat-378,9232,064,299Deterioration
Adjustment for:
Depreciation of property plant and equipment1,738,1691,742,674Down 0.3
Depreciation of right-of-use assets43,53443,948Down 0.9
Amortization of intangible assets18,93721,143Down 10.4
Employees' benefits78,32671,778Up 9.1
Loss on disposal of property plant and equipment1,41013,339Down 89.4
Write-off of intangible assets4,656
Finance cost266,945212,485Up 25.6
Finance income-10,569-4,319Deterioration 144.7
1,762,4854,165,347Down 57.7
Changes in:
Inventories261,909-376,202Recovery
Trade receivables770,834-1,184,424Recovery
Prepayments23,22622,197Up 4.6
Other current and non-current assets18,756-36,744Recovery
Trade payables-63,26365,874Deterioration
Accruals and other current liabilities-163,303187,001Deterioration
Cash generated from operations2,610,6442,843,049Down 8.2
Zakat paid-112,480-96,699Deterioration 16.3
Net cash generated from operating activities2,498,1642,746,350Down 9.0
Cash flows from investing activities
Additions to property plant and equipment-174,527-373,984Improved 53.3
Additions to intangible assets-485
Short term investments made during the period-768,750
Finance income received10,0563,671Up 173.9
Net cash used in investing activities-164,471-1,139,548Improved 85.6
Cash flows from financing activities
Repayment of term loans-1,805,532-936,191Deterioration 92.9
Payment of lease liabilities-36,658-36,190Deterioration 1.3
Finance cost paid-118,465-128,626Improved 7.9
Cash used in financing activities-1,960,655-1,101,007Deterioration 78.1
Net increase in cash and cash equivalents373,038505,795Down 26.2
Cash and cash equivalents at the beginning of the period918,594585,845Up 56.8
Cash and cash equivalents at the end of the period1,291,6321,091,640Up 18.3

8.2 Download SAUDI KAYAN PETROCHEMICAL Financials Past 7 Years

Description (December 31)2021202020192018201720162015
Income Statement
Revenue per share5.32
Other Revenue (M)634.3127.8224.8133.630.3
Tax (M)124.5113.998.2178.8124.196.783
Net profit2.4 B(784.7 M)(636.8 M)1.7 B668.2 M134.7 M(1.2 B)
EPS(0.83)
Balance Sheet
Equity Share Capital (B)16.5141515.713.912.912.8
Retained Earnings(2.2 B)
Total Debt (B)27
Total Assets (B)32.933.335.340.740.340.742.2
Current Asset (B)6.95.85.89.57.14.66
Fixed Asset (B)25.827.429.4313334.135.5
Working Capital (B)32.52.96.23.81.11.7
Cash Flow
Operating Cash Flow (B)41.72.23.62.8
Investing Cash Flow198.2 M(542.2 M)1.3 B(905.3 M)(638 M)
Financing Cash Flow(3.9 B)(1.5 B)(5 B)(1.6 B)65.2 M
Net Cash Flow332.7 M(348 M)(1.5 B)1.1 B2.3 B

SECTION 9 TOP SHAREHOLDERS

Top 9 shareholders

Name of the Share Holder% of Capital
Saudi Basic Industries Corp35.0
National Gypsum Co0.03
Yousef bin Abdullah Mohamed Al Benyan0.01
Ahmed Bin Taris Al Shaikh0.004
Abdulaziz Habdan Abdallah Al Habdan0.003
Nader Ibrahim Ali Al Wehibi0.001
Anas bin Yousef bin Yacoub Kentab0.001
Ayman Bin Fouad Khayat0.0002
Ahmed Mohammed Ahmed Aljabr0.0001

% held by Top 9 shareholders 35.0%

SECTION 10 PEER COMPARISON & RANKING OF 2350

10.1 BUYSELLSIGNALS FUNDAMENTALS VALUATION RANKING:

Saudi Kayan Petrochemical vs Saudi Market

Out of 211 stocks in the Saudi Arabian Market, Saudi Kayan Petrochemical is ranked fourteenth(14) by Net Profit $, seventeenth(17) by Revenue, nineteenth(19) by Price/Net Tangible Assets and Twenty-fifth(25) by EBITDA Margin%.

Saudi Avg23502350 Rank
Net Profit $754.2 M637.5 M14
Revenue $2.7 B950.3 M17
Price/Net Tangible Assets8.2x1.1x19
EBITDA Margin%-70.625
Discount to 52-Wk High (%)21.750.128
Market Cap $12.7 B4.8 B29
P/Sales-5.05x51
ROA (%)7.87.353
Premium to 52-Wk Low (%)3.411.199

Negative values are shown in brackets.

10.2 Stock in Index and Stock in Sector

Description2350All Share Index (TASI)% of All Share Index (TASI)Petrochemical industries sector% of Petrochemical industries sector
Net Profit $637.5 M141.2 B0.55.8 B11.0
Revenue $950.3 M468.3 B0.215.6 B6.1
Total Assets $8.8 B1,943.1 B0.5140 B6.3
MCap $4.8 B2,578.9 B0.2124.7 B3.8

10.3 MARKET SHARE

Saudi Kayan Petrochemical vs Petrochemical Industries sector [Petrochemical Industries sector Total in Brackets]

Revenue of SAR3.6 billion ($950.3 million)[10.3% of aggregate sector revenue of SAR56.8 billion; up from 5.3% in the previous year.]

Net Profit of SAR2.4 billion ($637.5 million) [11.0% of aggregate sector net profit of SAR20.2 billion; down from 38.1% in the previous year.]

EBIT of SAR2.5 billion ($670.7 million) [10.7% of aggregate sector EBIT of SAR23.7 billion; down from 52.5% in the previous year.]

10.4 GLOBAL RANK [out of 47,492 stocks] AND RANK OF SAUDI KAYAN PETROCHEMICAL IN THE MIDDLE EAST & AFRICA REGION [out of 2,119 stocks]

DescriptionValueGlobal RankIn MEA Region
MCap ($)4.8B3,089163
Total Assets ($)8.8B3,203121
Revenue ($)950.3M6,905141
Net Profit ($)637.5M1,88857
Return on Equity %14.58,911409
Net Profit Margin %67.11,625117
Price to Book1.113,540733
PV1000 (1Year) $*70428,2491,352
$* Change (1Year) %-29.727,5751,330

* 1 year ago $1 = SAR 3.75

Dec 01, 2022: $ 1 equals SAR 3.75

10.5 RANK OF SAUDI KAYAN PETROCHEMICAL IN THE ALL SHARE INDEX (TASI) [out of 165 stocks], IN THE SAUDI MARKET [out of 211 stocks] AND IN THE PETROCHEMICAL INDUSTRIES SECTOR [out of 11 stocks]

DescriptionValueIn All Share Index (TASI)In Saudi MarketIn Petrochemical industries sector
MCap (SAR)18B24306
Total Assets (SAR)32.9B19203
Revenue (SAR)3.6B17186
Net Profit (SAR)2.4B13133
Return on Equity %14.551718
Net Profit Margin %67.116185
Price to Book1.118191
PV1000 (1Year) SAR70411712210

10.6 LONG-TERM FUNDAMENTAL RANKING: 4 OUT OF 5 [5 is best]

Saudi Kayan Petrochemical is ranked number 5 out of 12 listed petrochemical industries companies in the Saudi Arabia with a market capitalization of SAR18 billion ($4.8 billion).

In the petrochemical industries companies it has the 3rd highest total assets and 5th highest revenues.

Within its sector it has a relatively moderate Price/Sales of 5.

It has a low relative ROE of 14.5% and ROA of 7.3%.

Stocks are scored on a set of parameters reflecting fundamental analytical tools involving valuation, size and financial performance. They are ranked according to the average values of those parameters. The highest ranking is 5 and the lowest ranking is 1.

SECTION 11 CURRENCY SYNOPSIS: SAUDI RIYAL (SAR)

11.1 % Change of SAR vs Currency Basket Period-Based

LastCountry1-day %1-week %1-Year %3-Yrs %
SAR1=0.267USDUnited States Of America0.0---
SAR1=1.905CNYChina-0.3-0.112.11.6
SAR1=36.92JPYJapan-0.1-2.122.326.5
SAR1=0.258EUREuropean Union0.3-0.29.36.5
SAR1=351.55KRWSouth Korea-0.7-2.511.011.6
SAR1=0.366SGDSingapore-0.2-0.90.10.3
SAR1=0.429NZDNew Zealand-0.2-0.99.23.3
SAR1=0.223GBPUnited Kingdom0.3-0.611.38.1
SAR1=0.398AUDAustralia--0.86.10.9
SAR1=2.081HKDHong Kong-0.1-0.2--0.3
SAR1=0.254CHFSwitzerland0.70.33.5-4.7
SAR1=0.362CADCanada1.01.36.12.1
SAR1=2.818SEKSweden0.6-0.516.210.4
SAR1=2.665NOKNorway0.3-1.110.28.4
SAR1=5.125MXNMexico-0.3-1.2-11.6-1.6

STOCK IDENTIFIERS

ISIN: SA000A0MQCJ2

RIC: 2350.SE

GLOSSARY

ADVT: Average Daily Volume of shares Traded

Annual Return: Dividends Paid In a 12-Month Period/Price at the Beginning of the Period + Capital Gain or Loss over 1 Year/Price 1 Year Ago (%)

Current Ratio: Current Assets/Current Liabilities (times)

EBIT Margin : Earnings Before Interest and Tax/Revenue (%)

Moving Average Price (n periods): Sum of Prices for each Period/Number of Periods

PV1000: Present value of 1000 invested 1 year/'n' years ago

Price Close/Moving Avg Price: Latest Price/Moving Average Price

Price/NTA: Closing Share Price/Net Tangible Assets Per Share (times)

Price/Sales: Share Price/Sales Per Share (times)

Relative Price Change [RPC]: Relative price change is price change of stock with respect to Benchmark Index

Relative Strength (6 Months): Price close today/Price close 6 months ago, then ranked by percentile within the entire market.

Return on Assets: Net Profit/Total Assets (%)

Return on Equity (Shareholders' Funds): Net Profit/Net Assets (%)

TSR: Total Shareholder Returns is expressed as an annualized rate of return for shareholders after allowing for capital appreciation and dividend

Total Liabilities/Total Assets: Total Liabilities/Total Assets

Volume Weighted Average Price (VWAP): The Volume Weighted Average Price (VWAP) is the summation of turnover divided by total volume in the same period.

Disclaimer: While this document is based on information sources which are considered reliable, it has been prepared without consideration of your specific investment objectives, financial situation or needs, so you should carry out your own analysis or seek professional investment advice before an investment decision is made. The document contains unbiased, independent equities data and analysis from Jupiter International (Australia) Pty Ltd trading as BuySellSignals (AFS Licence 222756), who provide round the clock analysis on every stock, every sector, every market, every day. BuySellSignals is not a broker, and does not have executing, corporate advisory or investment banking functions. Jupiter International (Australia) Pty Ltd, its directors, employees and contractors do not represent, warrant or guarantee, expressly or impliedly, that the information contained in this document is complete or accurate.

Data for the BuySellSignals algorithms is drawn from annual reports, company websites and similar sources of publicly available data. It should be used as a guide only.

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