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Data-driven stock valuation

Sahara International Petrochemical Company SJSC (2310) fair value: what the stock is really worth

We calculate from audited financials what Sahara International Petrochemical Company SJSC is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.

  1. Compare price with fair valuebelow fair value = cheap, above = expensive
  2. Check the quality50 and up solid, 75 and up strong
  3. Watch it or check another stockalert when fair value or trend changes

Basic Materials · SA · Market cap 9.5B SAR (≈ $2.5B) · ISIN SA000A0KFKK0

At a glance

SI Sahara International Petrochemical Company SJSC 2310 · SR
Price13.15 SAR
Fair Value21.04 SAR
Upside+60.0%
Quality44/100

Below-average quality, trading 38% below our fair value of 21.04 SAR.

As of Aug 23, 2026, the fair value of Sahara International Petrochemical Company SJSC is 21.04 SAR per share against a price of 13.15 SAR, so the fair value sits 60% above the price. A model estimate from reported figures, not an analyst target.

!Weak Growth (revenue 5y +5.0 %/yr)
!Loss-making · -33.7% net margin
Low debt · generates free cash flow
·3.80% dividend yield
!Trails peers (4/13)
!Narrow moat 1/100
!Evidence only medium, so the estimate is less certain
Evidence: Medium Range 13.65 SAR to 30.76 SAR

Fair value as of: Aug 23, 2026

From 12 valuation models · updated 19 days ago

Fair value updated Aug 23, 2026, revised from 11.21 SAR to 21.04 SAR (+87.7%) since Aug 13, 2026. Share price +3.3% over the past month.

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What runs behind every stock

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

What matters now

  • The large discount to fair value meets weak quality (44/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (13.65 SAR). The market is more pessimistic than our downside scenario.
  • A fairly wide model range (13.65 SAR to 30.76 SAR) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

46.22 SAR 12.73 SAR Fair Value 21.04 SAR May 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 23, 2026.

How to read this chart

60‑month range 12.73 SAR – 46.22 SAR · fair‑value band 13.65 SAR – 30.76 SAR · the 13.15 SAR price screens below the 21.04 SAR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 23, 2026.

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Analysis

Sahara International Petrochemical Company SJSC (2310) currently trades at 13.15 SAR, while our model-based Fair Value estimate is 21.04 SAR, implying the stock looks roughly 37.5% undervalued today. The Quality Score stands at 44/100 (below-average quality), in the Basic Materials sector. Bull case: the Dividend Discount group reads highest at a median of 14.01 SAR per share, and 3 of the 12 models we run sit above the 13.15 SAR price. Bear case: the Multiples group reads lowest at 5.00 SAR, and 9 of the 12 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Sahara International Petrochemical Company SJSC generated revenue of 5.0B SAR at a net margin of −33.7%. Revenue declined 54.8% year over year. It earns a return on equity of −11.7%. Net debt stands at 1.5B SAR. Fundamentals as of Aug 23, 2026

Scenario range: 13.65 SAR (bear) to 30.76 SAR (bull), the price of 13.15 SAR sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 36% below its 52-week high and 3% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −42% fair-value upside, at 60%, 2310 screens cheaper than that median.

Fair Value models

Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF 8.70 SAR 13.57 SAR 20.66 SAR 77
Growth DCF 8.84 SAR 13.13 SAR 19.02 SAR 76
5Y EBITDA Exit 5.12 SAR 7.62 SAR 10.43 SAR 73
All 12 models by family
DCF Models
FCF DCF 8.70 SAR 13.57 SAR 20.66 SAR 77
5Y Revenue Exit 7.53 SAR 12.11 SAR 17.89 SAR 70
5Y EBITDA Exit 5.12 SAR 7.62 SAR 10.43 SAR 73
10Y Revenue Exit 7.64 SAR 11.86 SAR 17.40 SAR 64
10Y EBITDA Exit 6.38 SAR 8.82 SAR 11.85 SAR 67
Dividend Discount
Gordon GGM 8.68 SAR 17.30 SAR 26.20 SAR 64
DDM Multi-Stage 8.68 SAR 14.01 SAR 18.27 SAR 64
Multiples
EV/EBITDA 3.57 SAR 5.00 SAR 6.44 SAR 67
EV/Revenue 7.25 SAR 10.68 SAR 14.10 SAR 53
Asset-Based
NCAV (Graham) 9.29 SAR 12.46 SAR 18.59 SAR 54
Growth DCF
Growth DCF 8.84 SAR 13.13 SAR 19.02 SAR 76
Rev-Margin DCF 7.53 SAR 12.15 SAR 17.46 SAR 70

Widest divergence: Dividend Discount (14.01 SAR) versus Multiples (5.00 SAR). Highest evidence: FCF DCF (77).

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Key figures & financial health

P/S ratio 1.86 TTM
EPS (TTM) −2.34 SAR
Dividend yield 3.8%
Net margin −12.6% FY2025
Return on equity −11.7% TTM
Return on assets (EBIT) 8.4% avg 5y
More key figures
Profitability
Operating margin −21.7% TTM
Growth
Revenue (TTM) 5.0B SAR TTM
Revenue growth (YoY) −54.8% 3y avg −12.8%
EPS growth (YoY) +7.7%
Balance sheet & cash flow
Free cash flow 644M SAR FY2025
Net debt 1.5B SAR FY2025 · ≈ 2.4 yrs of FCF

Figures from reported company fundamentals · as of Aug 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 44/100

Of which business quality 46 · Market factors (momentum, volatility) 37

Profitability 4
Margins and returns on capital today
Quality Growth 11
Are margins and returns improving?
Cashflow 48
Earnings quality: real cash, not paper profit
Fin. Strength 58
Balance sheet, leverage, solvency risk
Investment 89
Disciplined investing over empire-building
Low Volatility 87
Calm price path (market factor)
Momentum 23
Price trend over the last 3–12 months (market factor)
52W Momentum 3
Distance to the 52-week high (market factor)
Net Issuance 91
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Sahara International Petrochemical Company owns, establishes, operates, and manages industrial projects related to chemical and petrochemical industries in the Kingdom of Saudi Arabia. The company operates through Basic Chemicals, Intermediate Chemicals, Polymers, Marketing, and Corporate and Others segments.

Full company description

Sahara International Petrochemical Company owns, establishes, operates, and manages industrial projects related to chemical and petrochemical industries in the Kingdom of Saudi Arabia. The company operates through Basic Chemicals, Intermediate Chemicals, Polymers, Marketing, and Corporate and Others segments. It offers basic products, including methanol, butane, and carbon monoxide; and intermediate products, such as acetic acid, vinyl acetate monomer, ethyl acetate, butyl acetate, and utilities. The company also provides polymer products consisting of low-density polyethylene, polyvinyl acetate, polyvinyl alcohol, polybutylene terephthalate, polypropylene, and electrical connecting wire products; acetic anhydride, butanediol, caustic soda, ethylene dichloride, gamma butyrolactone, methanol, and tetrahydrofuran products. In addition, the company manufactures and sells molds, and related services; and engages in the manufacture of metal equipment and spare parts. Further, it produces ethylene-vinyl acetate films and industrial utility services. The company was formerly known as Saudi International Petrochemical Company and changed its name to Sahara International Petrochemical Company in May 2019. Sahara International Petrochemical Company was incorporated in 1999 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sahara International Petrochemical Company SJSC reported revenue of 6.8B SAR in FY2025 versus 9.7B SAR in FY2021, a compound −8.4%/yr. Reported net income was −861M SAR in FY2025.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
6.8B SAR
Latest YoY
−3.6%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−12.8%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+5.0%
Avg. revenue growth/yr (19Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+9.0%
EBIT margin (trend) Operating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
6.8% (2020) → −7.8% (2025)
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue −8.4%/yr
FY21 9.7B SAR
FY22 10.3B SAR
FY23 7.6B SAR
FY24 7.1B SAR
FY25 6.8B SAR
Net income
FY21 3.6B SAR
FY22 3.6B SAR
FY23 1.2B SAR
FY24 426M SAR
FY25 −861M SAR
Character of growth · EPS growth decomposed (2014-2025) +2.6 % p.a.
Revenue per share +0.0 %

of which total revenue +8.5 % · buybacks/dilution −7.8 %

EBIT margin −3.7 %
Tax rate +2.0 %
Residual (interest, one-offs) +4.4 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Sahara International Petrochemical Company SJSC Fair Value". https://www.fairvalue-calculator.com/stock/2310

Peer Group

Chemicals · 338 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
Quality Score 44 · Below median
Fair Value upside +60% · Top 25%
Profitability
Return on assets −2% · Bottom 25%
Net margin (TTM) −34% · Bottom 25%
Operating margin (TTM) −22% · Bottom 25%
Growth and dividend
Revenue growth −55% · Bottom 25%
Dividend yield (TTM) 3.8% · Top 25%
Balance sheet
Debt / equity 0.14× · Above median

Valuation Multiples vs Chemicals median · lower = cheaper

P/B 0.18× · Cheapest 25%
P/S (TTM) 0.50× · Cheaper than median
P/FCF 3.9× · Pricier than median
EV/EBITDA 13.2× · Pricier than median

What the price implies (reverse DCF)

The inverse question: what free-cash-flow growth must Sahara International Petrochemical Company SJSC deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.

Implied FCF growth, 10 years+6.4 % per year
Achieved revenue growth, 5 years+5.0 % p.a.
Sector median revenue growth+3.3 %
FCF yield on price6.77 %
Discount rate (WACC) in the models10.3 %

The price demands roughly the growth the company recently delivered. Ranking of the largest stocks →

Context: sector, industry, market

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 0
FUTURE0 · sector 24
PAST0 · sector 20
HEALTH93 · sector 94
DIVIDEND76 · sector 31

Values & ESG

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

None of the checked exposures detected

Similar stocks

10 more Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 23, 2026).

Stock Price Fair Value vs Fair Value
Saudi Basic Industries Corporation 2010 49.50 SAR 18.13 SAR −63%
A. Schulman, Inc SLMNP $849.00 $203.64 −76%
Ningxia Baofeng Energy Group 600989 ¥24.49 ¥20.17 −18%
Dow Inc DOW $29.44 $21.03 −29%
Zhejiang Juhua Co 600160 ¥37.00 ¥21.62 −42%
Rongsheng Petrochemical Co 002493 ¥13.76 ¥2.39 −83%
Zangge Mining Company 000408 ¥78.04 ¥20.99 −73%
Ganfeng Lithium Group 002460 ¥49.11 ¥16.17 −67%
PT Barito Pacific Tbk, BRPT 1,770 IDR 1,567 IDR −11%
Hengli Petrochemical Co 600346 ¥18.87 ¥17.09 −9%

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Frequently asked questions

Is Sahara International Petrochemical Company SJSC (2310) overvalued or undervalued?
As of Aug 23, 2026, our model estimates a fair value of 21.04 SAR versus a price of 13.15 SAR, about +60% upside (undervalued).
What is the fair value of 2310?
Our model-based fair value for Sahara International Petrochemical Company SJSC is 21.04 SAR (as of Aug 23, 2026), built from audited fundamentals. The current price: 13.15 SAR.
What is the quality score of 2310?
Sahara International Petrochemical Company SJSC has a Quality Score of 44/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Sahara International Petrochemical Company SJSC (2310)?
Our model-based price target is the fair value of 21.04 SAR (as of Aug 23, 2026) from 12 valuation models. Cautious scenario 13.65 SAR, optimistic scenario 30.76 SAR. It is a calculation from audited fundamentals, not an analyst target.
What is the Sahara International Petrochemical Company SJSC stock forecast for 2026?
Our models put fair value at 21.04 SAR, about +60% upside versus a price of 13.15 SAR (undervalued). Cautious scenario 13.65 SAR, optimistic scenario 30.76 SAR. The calculation is refreshed regularly with new filings.
What is the revenue of Sahara International Petrochemical Company SJSC (2310)?
Sahara International Petrochemical Company SJSC reported trailing-twelve-month revenue of about 5.0B SAR (latest available figure, as of Aug 23, 2026).
What is the net profit margin of 2310?
The net profit margin of Sahara International Petrochemical Company SJSC is about −33.7%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Sahara International Petrochemical Company SJSC pay a dividend?
Sahara International Petrochemical Company SJSC currently shows a dividend yield of about 3.80% relative to its recent price (as of Aug 23, 2026).
What growth is priced into Sahara International Petrochemical Company SJSC (2310)?
For today's price to be fair in a discounted-cash-flow model, Sahara International Petrochemical Company SJSC would have to grow free cash flow by +6.4 % per year for ten years (discount rate 10.3 %, then 2 % perpetual growth). Over the last 5 years revenue grew +5.0 % per year. As of Aug 23, 2026.
What discount rate (WACC) does the fair value of 2310 use?
Our models discount Sahara International Petrochemical Company SJSC at 10.3 %: a base by market capitalisation (mid), country premium for Saudi Arabia. The same rate applies in all 26 models.
What is the intrinsic value of Sahara International Petrochemical Company SJSC (2310)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sahara International Petrochemical Company SJSC it is 21.04 SAR per share (as of Aug 23, 2026), against a price of 13.15 SAR. It is the blended result of 12 valuation models (cash flow, earnings, asset, dividend).
Is Sahara International Petrochemical Company SJSC stock overvalued or undervalued in 2026?
As of Aug 23, 2026, 2310 trades below its calculated fair value: price 13.15 SAR, fair value 21.04 SAR, a gap of about +60% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 2310?
No. The price is what the market pays today (13.15 SAR); the fair value is what the company's own numbers justify (21.04 SAR). For Sahara International Petrochemical Company SJSC the two are 7.89 SAR per share apart. That gap is exactly why we show both numbers side by side.
How much is Sahara International Petrochemical Company SJSC worth?
The market values Sahara International Petrochemical Company SJSC at about 9.5B SAR (market capitalisation, as of Aug 23, 2026). Per share that is 13.15 SAR; our models calculate a fair value of 21.04 SAR per share.
What do the bullish and bearish scenarios say about 2310?
Our models span a range for Sahara International Petrochemical Company SJSC: cautious scenario 13.65 SAR, base 21.04 SAR, optimistic 30.76 SAR per share (as of Aug 23, 2026, price 13.15 SAR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Sahara International Petrochemical Company SJSC (2310)?
Balance-sheet figures for Sahara International Petrochemical Company SJSC (as of Aug 23, 2026): return on equity −11.7%, debt of 0.14 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is 2310 from its 52-week high?
Sahara International Petrochemical Company SJSC trades at 13.15 SAR, about 36% below its 52-week high of 20.60 SAR and 3% above the low of 12.72 SAR (as of Aug 23, 2026). Distance from the high says nothing about value: that is what the fair value of 21.04 SAR is for.
Which stocks are comparable to Sahara International Petrochemical Company SJSC?
From the same area (Basic Materials) we also value Saudi Basic Industries Corporation, A. Schulman, Inc, Ningxia Baofeng Energy Group, Dow Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Sahara International Petrochemical Company SJSC stock attractive at the current price?
The data as of Aug 23, 2026: price 13.15 SAR, calculated fair value 21.04 SAR (+60%), Quality Score 44/100, from 12 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 2310 calculated?
We run Sahara International Petrochemical Company SJSC through 12 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 21.04 SAR, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 32.6 % above its aggregate fair value. Sahara International Petrochemical Company SJSC currently trades 60 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on <a href="/is-it-worth-investing-now/">is it worth investing now</a>.
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