Saudi Basic Industries Corp (2010) Fair Value & Analysis

Basic Materials · SA · Market cap 149B SAR (≈ $39.6B) · ISIN SA0007879121

What is Saudi Basic Industries Corp really worth?

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

What matters now

• The price sits above even our optimistic bull case (46.88 SAR). The favourable scenario is already priced in.
• Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.
• A fairly wide model range (25.64 SAR to 46.88 SAR) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 21, 2026.

How to read this chart

60‑month range 43.18 SAR – 111.47 SAR · fair‑value band 25.64 SAR – 46.88 SAR · the 49.44 SAR price screens above the 36.26 SAR fair value. Dashed = 300-day average. As of Aug 21, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Saudi Basic Industries Corp (2010) currently trades at 49.44 SAR, while our model-based Fair Value estimate is 36.26 SAR, implying the stock looks roughly 36.4% overvalued today. The Quality Score stands at 47/100 (below-average quality), in the Basic Materials sector. Bull case: the DCF Models group reads highest at a median of 40.13 SAR per share, and 1 of the 15 models we run sit above the 49.44 SAR price. Bear case: the Earnings-Based group reads lowest at 13.05 SAR, and 14 of the 15 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Saudi Basic Industries Corp generated revenue of 113B SAR at a net margin of −21.7%. Revenue declined 10.6% year over year. It earns a return on equity of 0.5%. Net debt stands at 9.3B SAR. Fundamentals as of Aug 21, 2026

Our scenario range runs from 25.64 SAR (bear case) to 46.88 SAR (bull case); at 49.44 SAR, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 21% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −31% fair-value upside, at −27%, 2010 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Widest divergence: DCF Models (40.13 SAR) versus Earnings-Based (13.05 SAR). Highest evidence: FCF DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

Saudi Basic Industries Corporation manufactures, markets, and distributes chemicals, polymers, plastics, and agri-nutrients in the Kingdom of Saudi Arabia, China, the Americas, Europe, Africa, rest of Asia, and internationally. The company operates in two segments: Petrochemicals and Agri-Nutrients.

Full company description

Saudi Basic Industries Corporation manufactures, markets, and distributes chemicals, polymers, plastics, and agri-nutrients in the Kingdom of Saudi Arabia, China, the Americas, Europe, Africa, rest of Asia, and internationally. The company operates in two segments: Petrochemicals and Agri-Nutrients. It provides chemical products from hydrocarbon feedstock, including methane, ethane, propane, butane, and light naphtha; and olefins, methanol, aromatics, glycols, carbon dioxide, and methyl tert-butyl ether. The company also offers polyethylene products, including linear low-density polyethylene, low-density polyethylene, and high-density polyethylene; polypropylene products, such as homo, random, and impact polypropylene, as well as polypropylene compounds, homo polymer, random copolymer, impact copolymer, and specialty automotive grades; specialties products comprising resins, compounds and copolymers, and various thermosets and additives under the NORYL, ULTEM, EXTEM, and SILTEM brands; and polycarbonate, polyvinyl chloride, polyethylene terephthalate, polystyrene, and acrylonitrile butadiene styrene. In addition, it provides a range of fertilizer products, including urea, ammonia, and phosphate, as well as compound fertilizers. The company was founded in 1976 and is headquartered in Riyadh, the Kingdom of Saudi Arabia. Saudi Basic Industries Corporation operates as a subsidiary of Aramco Chemicals Company.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Saudi Basic Industries Corp reported revenue of 117B SAR in FY2025 versus 175B SAR in FY2021, a compound −9.7%/yr. Reported net income was −25.8B SAR in FY2025.

2010 screens 36% overvalued. Compare with A. Schulman, Inc →

Peer Group

Chemicals · 341 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs Chemicals median · lower = cheaper

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Similar stocks

10 more Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 21, 2026).

Explore undervalued stocks

More undervalued Basic Materials stocks →

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

Discover tools

Frequently asked questions