Financials SABIC Agri-Nutrients Company

Equities

2020

SA0007879139

Agricultural Chemicals

End-of-day quote Saudi Arabian S.E. 06:00:00 2024-04-27 pm EDT 5-day change 1st Jan Change
114.2 SAR +4.96% Intraday chart for SABIC Agri-Nutrients Company -1.38% -17.37%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 32,292 33,583 84,068 69,596 65,788 51,793 - -
Enterprise Value (EV) 1 31,538 33,118 78,450 56,615 54,740 41,123 40,223 38,972
P/E ratio 22 x 25.9 x 16.1 x 6.94 x 18 x 13.7 x 13.2 x 14.2 x
Yield 3.87% 2.48% 2.41% 8.21% 4.34% 6% 5.92% 6.1%
Capitalization / Revenue 9.82 x 10.1 x 8.76 x 3.67 x 5.96 x 4.71 x 4.62 x 4.64 x
EV / Revenue 9.59 x 9.95 x 8.18 x 2.98 x 4.96 x 3.74 x 3.58 x 3.5 x
EV / EBITDA 11.6 x 17.8 x 11.5 x 5.08 x 11.6 x 8.84 x 8.36 x 8.32 x
EV / FCF 29.7 x 17.8 x 17.7 x 5.22 x 11.4 x 11.2 x 11.1 x 10.5 x
FCF Yield 3.37% 5.61% 5.66% 19.1% 8.75% 8.94% 8.98% 9.5%
Price to Book 4.06 x 4.12 x 5.41 x 3.5 x 3.71 x 2.8 x 2.58 x 2.46 x
Nbr of stocks (in thousands) 416,667 416,667 476,035 476,035 476,035 476,035 - -
Reference price 2 77.50 80.60 176.6 146.2 138.2 108.8 108.8 108.8
Announcement Date 1/26/20 1/21/21 1/31/22 3/1/23 3/4/24 - - -
1SAR in Million2SAR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,288 3,328 9,592 18,981 11,033 10,999 11,220 11,151
EBITDA 1 2,724 1,860 6,815 11,149 4,700 4,652 4,810 4,681
EBIT 1 1,325 1,308 5,815 10,294 3,785 3,762 3,923 3,825
Operating Margin 40.32% 39.31% 60.63% 54.24% 34.3% 34.21% 34.96% 34.3%
Earnings before Tax (EBT) 1 1,469 1,354 5,984 10,916 4,328 4,380 4,254 4,301
Net income 1 1,468 1,294 5,229 10,037 3,659 3,827 3,913 3,670
Net margin 44.66% 38.9% 54.51% 52.88% 33.17% 34.8% 34.87% 32.91%
EPS 2 3.520 3.110 10.98 21.08 7.690 7.923 8.217 7.671
Free Cash Flow 1 1,063 1,858 4,438 10,836 4,791 3,676 3,612 3,702
FCF margin 32.33% 55.84% 46.27% 57.09% 43.43% 33.43% 32.19% 33.2%
FCF Conversion (EBITDA) 39.02% 99.92% 65.13% 97.19% 101.94% 79.03% 75.08% 79.09%
FCF Conversion (Net income) 72.39% 143.56% 84.88% 107.96% 130.93% 96.06% 92.3% 100.88%
Dividend per Share 2 3.000 2.000 4.250 12.00 6.000 6.523 6.444 6.642
Announcement Date 1/26/20 1/21/21 1/31/22 3/1/23 3/4/24 - - -
1SAR in Million2SAR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2021 S2 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 2,207 4,040 - 4,657 5,700 4,417 4,206 2,760 2,629 2,672 2,972 2,517 2,548 2,580 2,469
EBITDA 1 - - 4,947 - - - - 1,160 907.8 1,240 1,392 1,263 1,066 1,131 1,064
EBIT 1 1,369 2,993 - 2,614 3,120 2,415 2,144 957 678 1,003 1,146 730 827.7 892.7 825.8
Operating Margin 62.04% 74.09% - 56.13% 54.73% 54.67% 50.98% 34.67% 25.79% 37.53% 38.57% 29% 32.49% 34.6% 33.44%
Earnings before Tax (EBT) - - - - - - - - - - - - - - -
Net income 1 1,206 2,764 - 2,513 3,025 2,331 2,168 981 651 1,049 978.4 841 - - -
Net margin 54.67% 68.41% - 53.96% 53.07% 52.76% 51.55% 35.54% 24.76% 39.27% 32.92% 33.41% - - -
EPS 2 2.530 5.810 - 5.280 - 4.900 4.550 2.060 1.370 2.200 2.060 1.770 1.608 1.744 1.500
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 10/31/21 1/31/22 1/31/22 5/10/22 8/11/22 10/31/22 3/1/23 5/1/23 8/1/23 11/1/23 3/4/24 4/25/24 - - -
1SAR in Million2SAR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 754 465 5,618 12,981 11,048 10,670 11,569 12,821
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 1,063 1,858 4,438 10,836 4,791 3,677 3,612 3,702
ROE (net income / shareholders' equity) 18.5% 16% 44.1% 56.6% 19.4% 19.7% 19.1% 19.2%
ROA (Net income/ Total Assets) 15.4% 13.2% 35.1% 42.8% 14% 13.9% 13.9% 11%
Assets 1 9,566 9,829 14,894 23,455 26,180 27,487 28,112 33,376
Book Value Per Share 2 19.10 19.60 32.70 41.80 37.30 38.90 42.10 44.20
Cash Flow per Share 2 4.270 5.030 10.80 24.40 11.90 8.420 10.30 12.20
Capex 1 718 236 712 770 889 680 692 674
Capex / Sales 21.85% 7.08% 7.42% 4.06% 8.05% 6.19% 6.17% 6.05%
Announcement Date 1/26/20 1/21/21 1/31/22 3/1/23 3/4/24 - - -
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+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
108.8 SAR
Average target price
137.6 SAR
Spread / Average Target
+26.52%
Consensus
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