Sahara International Petrochemical Company SJSC (2310) Fair Value & Analysis
Basic Materials · SA · Market cap 9.3B SAR (≈ $2.5B) · ISIN SA000A0KFKK0
What is Sahara International Petrochemical Company SJSC really worth?
Below-average quality, trading 37% below our fair value of 21.02 SAR.
Strengths
Risks
For context
Fair value as of: Aug 23, 2026
From 12 valuation models · updated 13 days ago
Fair value updated Aug 23, 2026, revised from 11.21 SAR to 21.02 SAR (+87.5%) since Aug 13, 2026. Share price +3.6% over the past month.
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 (13.63 SAR). The market is more pessimistic than our downside scenario.
- A fairly wide model range (13.63 SAR to 30.74 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 23, 2026.
How to read this chart
60‑month range 12.73 SAR – 46.22 SAR · fair‑value band 13.63 SAR – 30.74 SAR · the 13.19 SAR price screens below the 21.02 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.
Analysis
Sahara International Petrochemical Company SJSC (2310) currently trades at 13.19 SAR, while our model-based Fair Value estimate is 21.02 SAR, implying the stock looks roughly 37.3% 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 13.19 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
Our scenario range runs from 13.63 SAR (bear case) to 30.74 SAR (bull case); at 13.19 SAR, the current price sits below 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 36% below its 52-week high and 4% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −48% fair-value upside, at 59%, 2310 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.
All 12 models by family
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
More key figures
Figures from reported company fundamentals · as of Aug 23, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 46 · Market factors (momentum, volatility) 35
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.
of which total revenue +8.5 % · buybacks/dilution −7.8 %
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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Peer Group
Chemicals · 339 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.
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 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 | $30.51 | $21.03 | −31% |
| Zhejiang Juhua Co 600160 | ¥41.32 | ¥21.62 | −48% |
| Rongsheng Petrochemical Co 002493 | ¥13.76 | ¥2.39 | −83% |
| Zangge Mining Company 000408 | ¥78.04 | ¥20.99 | −73% |
| Ganfeng Lithium Group 002460 | ¥52.53 | ¥16.17 | −69% |
| PT Barito Pacific Tbk, BRPT | 1,855 IDR | 1,584 IDR | −15% |
| Hengli Petrochemical Co 600346 | ¥18.87 | ¥17.09 | −9% |
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