Risk factor
Negligible price volatility
Profitability factor
Solid dividends
About
Saudi Basic Industries Corporation manufactures, markets, and distributes chemicals, polymers, plastics, agri-nutrients, and metal products worldwide. The company operates through Petrochemicals & Specialties, Agri-Nutrients, and Metals (Hadeed) segments. It offers polymers, such as acrylonitrile butadiene styrene, acrylonitrile styrene acrylate, carbon black, ethylene vinyl acetate, polyamide, polybutylene terephthalate, polycarbonate, polycarbonate/acrylonitrile-butadiene-styrene, polyethylene terephthalate, polymethyl methacrylate, polyoxymethylene, polypropylene, polystyrene, polyethylane, polyvinyl chloride, and synthetic rubbers. The company also provides engineering thermoplastic resins and compounds, composites, thermosets and additives, copolymers, and additive manufacturing solutions. In addition, it offers chemicals, including aromatics, chlor-alkali, ethanolamines, ethoxylates, ethyleneamines, glycols, linear alpha olefins, natural detergent alcohol, olefins and gases, OXO alcohols and performance monomers, and oxygenates. Further, the company provides fertilizers comprising urea, ammonia, and a portfolio of nitrogen-based inorganic products; produces steel products, such as hot and cold rolled flat, concrete reinforcing bars, wire rod coils, light sections, and steel billets products; operates e-business portal for sales; and offers color services under the ColorXpress name, as well as engineering services. It serves agriculture, automotive, building and construction, consumer, electrical and electronics, healthcare, industrial, mass transportation, and packaging industries. The company was incorporated in 1976 and is headquartered in Riyadh, Saudi Arabia. Saudi Basic Industries Corporation operates as a subsidiary of Aramco Chemicals Company.
Company Valuation
Based on key historical and expected multiples, the stock is fairly valued relative to its peers. Specifically, the stock is 'expensive' on P/E, neutral on EV/EBITDA, rea
Target Price
The average target price of 2010.SR is 62 and suggests 1% upside potential. Usually, this means a HOLD recommendation among investment firms. This neutral recommendation
