SAUDI ARAMCO BASE OIL COMPANY - LUBEREF Financials Saudi Aramco Base Oil Company - Luberef
Equities
2223
SA15M1HH2NH5
Oil & Gas Refining and Marketing
|
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 136.2 SAR | -0.87% |
|
-3.13% | -6.20% |
| May. 20 | UAE's ADNOC buys stake in NextDecade's Rio Grande LNG project | RE |
| May. 20 | French startup Pasqal to deploy first quantum computer in Saudi Arabia | RE |
Valuation
| Fiscal Period: December | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Capitalization 1 | 15,694 | 24,502 | 23,186 | - | - |
| Enterprise Value (EV) 1 | 15,738 | 24,263 | 23,162 | 22,867 | 22,562 |
| P/E ratio | 7.94 x | 16.2 x | 17.4 x | 16.7 x | 13.4 x |
| Yield | 5.38% | 6.89% | 5.45% | 5.17% | 6.22% |
| Capitalization / Revenue | 1.48 x | 2.58 x | 2.37 x | 2.47 x | 2.31 x |
| EV / Revenue | 1.48 x | 2.56 x | 2.36 x | 2.44 x | 2.25 x |
| EV / EBITDA | 6.27 x | 12.7 x | 13.9 x | 14.4 x | 11.2 x |
| EV / FCF | 7,980,088 x | - | - | - | - |
| FCF Yield | 0% | - | - | - | - |
| Price to Book | 3.09 x | 5.03 x | 4.82 x | 4.48 x | 4.19 x |
| Nbr of stocks (in thousands) | 168,750 | 168,750 | 168,750 | - | - |
| Reference price 2 | 93.00 | 145.2 | 137.4 | 137.4 | 137.4 |
| Announcement Date | 2/23/23 | 2/28/24 | - | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net sales 1 | 6,760 | 10,614 | 9,489 | 9,799 | 9,382 | 10,031 |
| EBITDA 1 | - | 2,511 | 1,912 | 1,661 | 1,584 | 2,014 |
| EBIT 1 | - | 2,171 | 1,590 | 1,381 | 1,418 | 1,713 |
| Operating Margin | - | 20.46% | 16.76% | 14.09% | 15.11% | 17.08% |
| Earnings before Tax (EBT) 1 | - | 2,132 | - | 1,634 | 1,761 | - |
| Net income 1 | 1,503 | 1,978 | 1,510 | 1,562 | 1,684 | - |
| Net margin | 22.23% | 18.64% | 15.91% | 15.94% | 17.95% | - |
| EPS 2 | - | 11.72 | 8.980 | 7.907 | 8.231 | 10.25 |
| Free Cash Flow | - | 1,972 | - | - | - | - |
| FCF margin | - | 18.58% | - | - | - | - |
| FCF Conversion (EBITDA) | - | 78.53% | - | - | - | - |
| FCF Conversion (Net income) | - | 99.7% | - | - | - | - |
| Dividend per Share 2 | - | 5.000 | 10.00 | 7.495 | 7.106 | 8.551 |
| Announcement Date | 11/27/22 | 2/23/23 | 2/28/24 | - | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,797 | 2,613 | 2,549 | 2,530 | 2,185 | 2,374 | 2,365 | 2,278 |
| EBITDA 1 | - | - | - | 353.8 | - | 572.9 | 539.6 | 549.4 |
| EBIT 1 | 473.5 | - | 355.6 | 280.5 | 246.1 | 498.5 | 464.7 | 473.9 |
| Operating Margin | 26.36% | - | 13.95% | 11.09% | 11.26% | 21% | 19.65% | 20.8% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - |
| Net income | 445.7 | 454.9 | 340.4 | - | 239 | - | - | - |
| Net margin | 24.8% | 17.41% | 13.35% | - | 10.94% | - | - | - |
| EPS | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | - | - | - | - | - | 4.996 | - | 3.835 |
| Announcement Date | 5/11/23 | 8/2/23 | 11/12/23 | 2/28/24 | 5/5/24 | - | - | - |
1SAR in Million2SAR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | 44.6 | - | - | - | - |
| Net Cash position 1 | - | - | 239 | 24.5 | 319 | 625 |
| Leverage (Debt/EBITDA) | - | 0.0178 x | - | - | - | - |
| Free Cash Flow | - | 1,972 | - | - | - | - |
| ROE (net income / shareholders' equity) | - | 42.4% | 30.3% | 27.5% | 25.4% | 30.8% |
| ROA (Net income/ Total Assets) | - | 23.3% | 17.3% | 17.7% | 18.8% | - |
| Assets 1 | - | 8,505 | 8,751 | 8,825 | 8,957 | - |
| Book Value Per Share 2 | - | 30.10 | 28.90 | 28.50 | 30.70 | 32.80 |
| Cash Flow per Share 2 | - | 12.00 | 13.80 | 9.400 | 9.010 | 12.10 |
| Capex 1 | - | 44.7 | 213 | 265 | 461 | 235 |
| Capex / Sales | - | 0.42% | 2.25% | 2.7% | 4.91% | 2.35% |
| Announcement Date | 11/27/22 | 2/23/23 | 2/28/24 | - | - | - |
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
Sell
Buy
Mean consensus
HOLD
Number of Analysts
5
Last Close Price
137.4
SAR
Average target price
152.7
SAR
Spread / Average Target
+11.14%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -6.20% | 6.18B | |
| +14.86% | 237B | |
| +3.85% | 103B | |
| +25.18% | 102B | |
| +7.33% | 60.58B | |
| +24.62% | 52.97B | |
| +23.54% | 36.55B | |
| +29.46% | 27.61B | |
| -13.38% | 20.62B | |
| +10.82% | 19.49B |
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