SAUDI ARABIAN OIL COMPANY |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 30.1 SAR | -0.17% |
|
-0.17% | -8.79% |
| 10:15am | News Highlights : Top Energy News of the Day - Tuesday at 4 AM ET | DJ |
| 06:15am | News Highlights : Top Energy News of the Day - Tuesday at 12 AM ET | DJ |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 70,50,006 | 69,95,905 | 71,55,811 | 70,58,889 | 79,82,949 | 72,82,656 | - | - |
| Enterprise Value (EV) 1 | 70,02,376 | 73,17,949 | 73,40,080 | 69,44,771 | 78,89,780 | 72,28,233 | 72,03,900 | 72,49,027 |
| P/E ratio | 21.4 x | 37.6 x | 18.1 x | 11.8 x | 17.6 x | 16.3 x | 15.8 x | 16 x |
| Yield | 4.4% | 3.2% | 3.91% | - | 5.14% | 5.81% | 4.62% | 4.92% |
| Capitalization / Revenue | 5.7 x | 8.12 x | 4.76 x | 3.11 x | 4.3 x | 4.1 x | 4.19 x | 4.25 x |
| EV / Revenue | 5.66 x | 8.49 x | 4.89 x | 3.06 x | 4.25 x | 4.07 x | 4.14 x | 4.23 x |
| EV / EBITDA | 9.66 x | 15.9 x | 8.56 x | 5.62 x | 8.17 x | 7.61 x | 7.48 x | 7.48 x |
| EV / FCF | 23.8 x | 39.7 x | 18.2 x | 12.5 x | 20.8 x | 19.8 x | 19.6 x | 20.8 x |
| FCF Yield | 4.2% | 2.52% | 5.49% | 8.02% | 4.81% | 5.05% | 5.1% | 4.8% |
| Price to Book | 6.8 x | 1.88 x | 6.43 x | 4.87 x | 5.2 x | 4.72 x | 4.43 x | 4.17 x |
| Nbr of stocks (in thousands) | 24,20,00,242 | 24,18,58,445 | 24,18,58,445 | 24,18,93,399 | 24,19,07,556 | 24,19,48,700 | - | - |
| Reference price 2 | 29.13 | 28.93 | 29.59 | 29.18 | 33.00 | 30.10 | 30.10 | 30.10 |
| Announcement Date | 16/03/20 | 22/03/21 | 21/03/22 | 13/03/23 | 10/03/24 | - | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 12,36,785 | 8,62,091 | 15,01,758 | 22,66,373 | 18,56,373 | 17,74,320 | 17,39,428 | 17,12,557 |
| EBITDA 1 | 7,25,137 | 4,59,568 | 8,57,439 | 12,35,695 | 9,65,330 | 9,49,367 | 9,63,162 | 9,68,977 |
| EBIT 1 | 6,74,871 | 3,83,360 | 7,71,918 | 11,44,077 | 8,68,290 | 8,55,849 | 8,66,226 | 8,67,902 |
| Operating Margin | 54.57% | 44.47% | 51.4% | 50.48% | 46.77% | 48.24% | 49.8% | 50.68% |
| Earnings before Tax (EBT) 1 | 6,66,741 | 3,72,424 | 7,69,521 | 11,52,962 | 8,88,067 | 8,66,392 | 8,92,125 | 8,59,570 |
| Net income 1 | 3,30,816 | 1,84,926 | 3,95,203 | 5,97,215 | 4,52,753 | 4,46,411 | 4,62,880 | 4,53,090 |
| Net margin | 26.75% | 21.45% | 26.32% | 26.35% | 24.39% | 25.16% | 26.61% | 26.46% |
| EPS 2 | 1.364 | 0.7686 | 1.636 | 2.473 | 1.870 | 1.852 | 1.911 | 1.880 |
| Free Cash Flow 1 | 2,93,910 | 1,84,267 | 4,02,956 | 5,56,991 | 3,79,506 | 3,64,684 | 3,67,725 | 3,48,148 |
| FCF margin | 23.76% | 21.37% | 26.83% | 24.58% | 20.44% | 20.55% | 21.14% | 20.33% |
| FCF Conversion (EBITDA) | 40.53% | 40.1% | 47% | 45.08% | 39.31% | 38.41% | 38.18% | 35.93% |
| FCF Conversion (Net income) | 88.84% | 99.64% | 101.96% | 93.26% | 83.82% | 81.69% | 79.44% | 76.84% |
| Dividend per Share 2 | 1.281 | 0.9256 | 1.157 | - | 1.695 | 1.750 | 1.390 | 1.482 |
| Announcement Date | 16/03/20 | 22/03/21 | 21/03/22 | 13/03/23 | 10/03/24 | - | - | - |
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 | 6,22,229 | 4,05,382 | 4,46,269 | 5,16,897 | 6,48,373 | 6,13,935 | 4,87,168 | 4,59,833 | 4,48,318 | 4,88,935 | 4,59,287 | 4,21,619 | 4,25,322 | 4,30,881 | 4,31,597 | 4,34,516 |
| EBITDA 1 | - | 2,34,935 | 2,50,338 | 2,98,653 | 3,45,942 | 3,22,728 | 2,68,372 | 2,44,159 | 2,35,245 | 2,58,801 | 2,27,125 | 2,20,827 | 2,40,900 | 2,48,168 | 2,39,037 | 2,45,600 |
| EBIT 1 | - | 2,12,806 | 2,28,110 | 2,77,705 | 3,24,489 | 3,00,234 | 2,41,649 | 2,22,184 | 2,12,553 | 2,34,446 | 1,99,107 | 2,01,993 | 2,13,934 | 2,20,327 | 2,16,157 | 2,20,359 |
| Operating Margin | - | 52.5% | 51.11% | 53.73% | 50.05% | 48.9% | 49.6% | 48.32% | 47.41% | 47.95% | 43.35% | 47.91% | 50.3% | 51.13% | 50.08% | 50.71% |
| Earnings before Tax (EBT) 1 | - | 2,12,158 | 2,27,307 | 2,77,817 | 3,29,794 | - | 2,43,072 | 2,29,234 | 2,17,431 | 2,38,373 | 2,03,029 | 2,28,570 | 2,25,872 | 2,23,961 | 2,20,903 | 2,30,061 |
| Net income 1 | - | 1,09,072 | 1,16,639 | 1,42,012 | 1,73,795 | 1,56,068 | 1,25,340 | 1,17,471 | 1,08,881 | 1,23,534 | 1,02,867 | 1,06,261 | 1,11,741 | 1,13,580 | 1,10,409 | 1,11,989 |
| Net margin | - | 26.91% | 26.14% | 27.47% | 26.8% | 25.42% | 25.73% | 25.55% | 24.29% | 25.27% | 22.4% | 25.2% | 26.27% | 26.36% | 25.58% | 25.77% |
| EPS 2 | - | 0.4546 | 0.4876 | 0.5909 | 0.7182 | - | 0.5182 | 0.4900 | 0.4500 | 0.5100 | 0.4200 | 0.4248 | 0.4662 | 0.4778 | 0.4559 | 0.4610 |
| Dividend per Share 2 | - | 0.2893 | 0.2878 | 0.2909 | 0.2909 | - | - | 0.3000 | 0.4500 | 0.4500 | 0.4815 | 0.4820 | 0.4820 | 0.4820 | 0.3500 | 0.3500 |
| Announcement Date | 16/03/20 | 01/11/21 | 21/03/22 | 16/05/22 | 15/08/22 | 01/11/22 | 13/03/23 | 09/05/23 | 07/08/23 | 07/11/23 | 10/03/24 | - | - | - | - | - |
1SAR in Million2SAR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 3,22,044 | 1,84,269 | - | - | - | - | - |
| Net Cash position 1 | 47,631 | - | - | 1,14,118 | 93,169 | 54,423 | 78,756 | 33,629 |
| Leverage (Debt/EBITDA) | - | 0.7008 x | 0.2149 x | - | - | - | - | - |
| Free Cash Flow 1 | 2,93,910 | 1,84,267 | 4,02,956 | 5,56,991 | 3,79,506 | 3,64,684 | 3,67,725 | 3,48,148 |
| ROE (net income / shareholders' equity) | 32.2% | 18.3% | 37.6% | 46.6% | 30.4% | 28.1% | 27.4% | 26% |
| ROA (Net income/ Total Assets) | 23.3% | 10.9% | 19.4% | 25.7% | 18.2% | 17.5% | 17.7% | 16.8% |
| Assets 1 | 14,20,506 | 17,04,194 | 20,38,179 | 23,27,806 | 24,85,428 | 25,55,851 | 26,13,987 | 26,98,933 |
| Book Value Per Share 2 | 4.280 | 15.40 | 4.600 | 5.990 | 6.340 | 6.380 | 6.790 | 7.230 |
| Cash Flow per Share 2 | 1.720 | 1.180 | 2.160 | 2.890 | 2.220 | 2.260 | 2.330 | 2.190 |
| Capex 1 | 1,22,995 | 1,01,030 | 1,19,645 | 1,41,161 | 1,58,308 | 1,91,642 | 2,02,256 | 1,91,817 |
| Capex / Sales | 9.94% | 11.72% | 7.97% | 6.23% | 8.53% | 10.8% | 11.63% | 11.2% |
| Announcement Date | 16/03/20 | 22/03/21 | 21/03/22 | 13/03/23 | 10/03/24 | - | - | - |
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
30.1
SAR
Average target price
33.72
SAR
Spread / Average Target
+12.03%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -8.79% | 1,942B | |
| +19.66% | 472B | |
| +43.02% | 248B | |
| +12.68% | 232B | |
| +12.97% | 172B | |
| +13.18% | 110B | |
| -0.26% | 52.28B | |
| -.--% | 50.08B | |
| +27.80% | 51.16B | |
| +33.29% | 40.21B |
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