SAUDI ARABIAN OIL COMPANY |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 29.95 SAR | 0.00% |
|
-0.50% | -9.24% |
| 05:16pm | News Highlights : Top Energy News of the Day - Wednesday at 11 AM ET | DJ |
| 01:17pm | News Highlights : Top Energy News of the Day - Wednesday at 7 AM ET | DJ |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 7,050,006 | 6,995,905 | 7,155,811 | 7,058,889 | 7,982,949 | 7,246,364 | - | - |
| Enterprise Value (EV) 1 | 7,002,376 | 7,317,949 | 7,340,080 | 6,944,771 | 7,889,780 | 7,247,940 | 7,238,580 | 7,237,056 |
| P/E ratio | 21.4 x | 37.6 x | 18.1 x | 11.8 x | 17.6 x | 16.1 x | 15.9 x | 15.8 x |
| Yield | 4.4% | 3.2% | 3.91% | - | 5.14% | 6.32% | 4.82% | 5.12% |
| Capitalization / Revenue | 5.7 x | 8.12 x | 4.76 x | 3.11 x | 4.3 x | 4.1 x | 4.15 x | 4.22 x |
| EV / Revenue | 5.66 x | 8.49 x | 4.89 x | 3.06 x | 4.25 x | 4.1 x | 4.14 x | 4.21 x |
| EV / EBITDA | 9.66 x | 15.9 x | 8.56 x | 5.62 x | 8.17 x | 7.64 x | 7.5 x | 7.45 x |
| EV / FCF | 23.8 x | 39.7 x | 18.2 x | 12.5 x | 20.8 x | 19.9 x | 19.7 x | 20.8 x |
| FCF Yield | 4.2% | 2.52% | 5.49% | 8.02% | 4.81% | 5.03% | 5.08% | 4.81% |
| Price to Book | 6.8 x | 1.88 x | 6.43 x | 4.87 x | 5.2 x | 4.83 x | 4.41 x | 4.15 x |
| Nbr of stocks (in thousands) | 242,000,242 | 241,858,445 | 241,858,445 | 241,893,399 | 241,907,556 | 241,948,700 | - | - |
| Reference price 2 | 29.13 | 28.93 | 29.59 | 29.18 | 33.00 | 29.95 | 29.95 | 29.95 |
| Announcement Date | 3/16/20 | 3/22/21 | 3/21/22 | 3/13/23 | 3/10/24 | - | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,236,785 | 862,091 | 1,501,758 | 2,266,373 | 1,856,373 | 1,768,878 | 1,746,417 | 1,719,122 |
| EBITDA 1 | 725,137 | 459,568 | 857,439 | 1,235,695 | 965,330 | 948,659 | 964,627 | 971,302 |
| EBIT 1 | 674,871 | 383,360 | 771,918 | 1,144,077 | 868,290 | 855,159 | 867,038 | 870,123 |
| Operating Margin | 54.57% | 44.47% | 51.4% | 50.48% | 46.77% | 48.34% | 49.65% | 50.61% |
| Earnings before Tax (EBT) 1 | 666,741 | 372,424 | 769,521 | 1,152,962 | 888,067 | 859,270 | 859,916 | 857,936 |
| Net income 1 | 330,816 | 184,926 | 395,203 | 597,215 | 452,753 | 450,917 | 455,626 | 458,238 |
| Net margin | 26.75% | 21.45% | 26.32% | 26.35% | 24.39% | 25.49% | 26.09% | 26.66% |
| EPS 2 | 1.364 | 0.7686 | 1.636 | 2.473 | 1.870 | 1.858 | 1.887 | 1.898 |
| Free Cash Flow 1 | 293,910 | 184,267 | 402,956 | 556,991 | 379,506 | 364,684 | 367,725 | 348,148 |
| FCF margin | 23.76% | 21.37% | 26.83% | 24.58% | 20.44% | 20.62% | 21.06% | 20.25% |
| FCF Conversion (EBITDA) | 40.53% | 40.1% | 47% | 45.08% | 39.31% | 38.44% | 38.12% | 35.84% |
| FCF Conversion (Net income) | 88.84% | 99.64% | 101.96% | 93.26% | 83.82% | 80.88% | 80.71% | 75.98% |
| Dividend per Share 2 | 1.281 | 0.9256 | 1.157 | - | 1.695 | 1.892 | 1.444 | 1.533 |
| Announcement Date | 3/16/20 | 3/22/21 | 3/21/22 | 3/13/23 | 3/10/24 | - | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2021 Q3 | 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 | 622,229 | 405,382 | 446,269 | 516,897 | 648,373 | 613,935 | 487,168 | 459,833 | 448,318 | 488,935 | 459,287 | 419,557 | 448,884 | 460,596 | 451,894 | 473,644 |
| EBITDA 1 | - | 234,935 | 250,338 | 298,653 | 345,942 | 322,728 | 268,372 | 244,159 | 235,245 | 258,801 | 227,125 | 220,692 | 243,778 | 249,255 | 235,911 | 258,242 |
| EBIT 1 | - | 212,806 | 228,110 | 277,705 | 324,489 | 300,234 | 241,649 | 222,184 | 212,553 | 234,446 | 199,107 | 202,050 | 218,791 | 224,055 | 220,647 | 232,113 |
| Operating Margin | - | 52.5% | 51.11% | 53.73% | 50.05% | 48.9% | 49.6% | 48.32% | 47.41% | 47.95% | 43.35% | 47.96% | 48.74% | 48.64% | 48.83% | 49.01% |
| Earnings before Tax (EBT) 1 | - | 212,158 | 227,307 | 277,817 | 329,794 | - | 243,072 | 229,234 | 217,431 | 238,373 | 203,029 | 194,518 | 222,563 | 208,508 | 188,291 | - |
| Net income 1 | - | 109,072 | 116,639 | 142,012 | 173,795 | 156,068 | 125,340 | 117,471 | 108,881 | 123,534 | 102,867 | 104,652 | 114,906 | 116,092 | 108,349 | 119,098 |
| Net margin | - | 26.91% | 26.14% | 27.47% | 26.8% | 25.42% | 25.73% | 25.55% | 24.29% | 25.27% | 22.4% | 24.94% | 25.6% | 25.2% | 23.98% | 25.15% |
| EPS 2 | - | 0.4546 | 0.4876 | 0.5909 | 0.7182 | - | 0.5182 | 0.4900 | 0.4500 | 0.5100 | 0.4200 | 0.4300 | 0.4747 | 0.4796 | 0.4476 | 0.4922 |
| Dividend per Share 2 | - | 0.2893 | 0.2878 | 0.2909 | 0.2909 | - | - | 0.3000 | 0.4500 | 0.4500 | 0.4815 | 0.4815 | 0.4820 | 0.4820 | 0.3610 | 0.3610 |
| Announcement Date | 3/16/20 | 11/1/21 | 3/21/22 | 5/16/22 | 8/15/22 | 11/1/22 | 3/13/23 | 5/9/23 | 8/7/23 | 11/7/23 | 3/10/24 | 5/7/24 | - | - | - | - |
1SAR in Million2SAR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 322,044 | 184,269 | - | - | 1,577 | - | - |
| Net Cash position 1 | 47,631 | - | - | 114,118 | 93,169 | - | 7,783 | 9,308 |
| Leverage (Debt/EBITDA) | - | 0.7008 x | 0.2149 x | - | - | 0.001662 x | - | - |
| Free Cash Flow 1 | 293,910 | 184,267 | 402,956 | 556,991 | 379,506 | 364,684 | 367,725 | 348,148 |
| ROE (net income / shareholders' equity) | 32.2% | 18.3% | 37.6% | 46.6% | 30.4% | 28.3% | 27.6% | 26.6% |
| ROA (Net income/ Total Assets) | 23.3% | 10.9% | 19.4% | 25.7% | 18.2% | 18.2% | 18.3% | 18.1% |
| Assets 1 | 1,420,506 | 1,704,194 | 2,038,179 | 2,327,806 | 2,485,428 | 2,478,521 | 2,491,418 | 2,526,433 |
| Book Value Per Share 2 | 4.280 | 15.40 | 4.600 | 5.990 | 6.340 | 6.200 | 6.790 | 7.220 |
| Cash Flow per Share 2 | 1.720 | 1.180 | 2.160 | 2.890 | 2.220 | 2.200 | 2.320 | 2.180 |
| Capex 1 | 122,995 | 101,030 | 119,645 | 141,161 | 158,308 | 190,421 | 200,166 | 191,243 |
| Capex / Sales | 9.94% | 11.72% | 7.97% | 6.23% | 8.53% | 10.77% | 11.46% | 11.12% |
| Announcement Date | 3/16/20 | 3/22/21 | 3/21/22 | 3/13/23 | 3/10/24 | - | - | - |
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
B
Sell
Buy
Mean consensus
HOLD
Number of Analysts
15
Last Close Price
29.95
SAR
Average target price
33.5
SAR
Spread / Average Target
+11.84%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -9.24% | 1,932B | |
| +16.38% | 458B | |
| +41.09% | 247B | |
| +12.44% | 232B | |
| +10.07% | 108B | |
| -5.42% | 82.18B | |
| -2.68% | 51.54B | |
| -.--% | 51.19B | |
| +25.87% | 50.22B | |
| +27.99% | 38.4B |
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