Risk factor
Very high price volatility
Profitability factor
Favourable price performance
About
Arabian Plastic Industrial Company Limited (APICO) is a Saudi Arabian enterprise primarily engaged in the manufacturing and distribution of disposable plastic goods. The company's diverse product range is developed using various production methods, including injection molding, extrusion film, blow molding, and thermoforming. From its extrusion film division, APICO offers items such as car seat and floor protection mats, a variety of industrial and agricultural rolls (like greenhouse, jumbo, shrink, and wrap rolls), and an extensive selection of plastic bags, including grip-hole, jumbo, loop-handle, medical waste, shopping, T-shirt, trash, and wicket hole designs. Slitted sheets are also part of this offering. The company further provides thermoformed plastic packaging solutions, which include cups, trays, food containers, dishes, lids, lunchboxes, and bowls, in addition to PP/PET sheet rolls used in subsequent manufacturing processes. Its blow molding operations produce a variety of bottles and cans. Moreover, APICO manufactures a comprehensive line of injection-molded plastic articles. This category features pails, food storage and microwave-safe containers, cups, baby sliders and ladders, battery casings, buckets, a wide assortment of caps and lids, crates, drinking water bottle caps/covers, industrial pallets, bowls and dishes, and wash basins. Founded in 1996, Arabian Plastic Industrial Company Limited is headquartered in Jeddah, Saudi Arabia.
Company Valuation
From both historical and forecast perspectives, the stock is fairly priced compared to similar stocks. In particular, the stock is reasonably priced on P/E, of fair value