Earnings Alerts

Saudi Arabian Fertilizer Co (SAFCO) Earnings Miss Estimates, Profit Down 64% Year-on-Year

By February 26, 2024 No Comments
  • Sabic Agri-Nutrients FY profit was 3.66 billion riyals, which is a 64% decrease compared to the previous year.
  • The profit estimate was 3.78 billion riyals, so the actual profit missed the estimate.
  • The company’s revenue was 11.03 billion riyals, which is a 42% decrease from the previous year.
  • The estimated revenue was 10.92 billion riyals, meaning the actual revenue exceeded the estimate.
  • Earnings per share (EPS) was 7.69 riyals, which is a decrease from the previous year’s 21.08 riyals.
  • The estimated EPS was 7.94 riyals, so the actual EPS was less than the estimate.
  • The operating profit was 3.66 billion riyals, which is a 65% decrease from the previous year.
  • The estimated operating profit was 3.75 billion riyals, so the actual operating profit was less than the estimate.
  • The company cites a decrease in average selling prices of its products as the reason for lower profits.
  • Currently, there are 5 buy ratings, 10 hold ratings, and 0 sell ratings for the company.

A look at Saudi Arabian Fertilizer Co Smart Scores

FactorScoreMagnitude
Value3
Dividend5
Growth5
Resilience5
Momentum3
OVERALL SMART SCORE4.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

The long-term outlook for Saudi Arabian Fertilizer Co, a leading manufacturer of agricultural supplies, is looking positive according to the Smartkarma Smart Scores. With a strong overall score of 4 out of 5, the company is expected to perform well in the coming years.

One of the key factors contributing to the company’s high score is its strong dividend payout, with a perfect score of 5. This indicates that investors can expect steady returns from their investment in Saudi Arabian Fertilizer Co. Additionally, the company has also received high scores for growth and resilience, highlighting its potential for future expansion and ability to weather any potential challenges.

While the company’s value and momentum scores are slightly lower at 3, the overall outlook for Saudi Arabian Fertilizer Co remains positive. With its strong track record in manufacturing essential agricultural supplies such as ammonia, urea, sulfuric acid, and melamine, the company is well-positioned to continue its success in the long-term.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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