- Sabic Agri-Nutrients reported a second-quarter profit of 1.06 billion riyals, which is a 50% increase compared to the previous year. This result exceeded the estimated profit of 949.3 million riyals.
- The company’s revenue for the second quarter reached 3.29 billion riyals, marking a 23% year-on-year increase and surpassing the estimated revenue of 3.01 billion riyals.
- Operating profit in the second quarter was 1.03 billion riyals, a substantial 52% increase from the previous year and higher than the estimated 895.7 million riyals.
- A 23% year-on-year increase in average selling prices contributed significantly to the revenue growth.
- There was an increase in the cost of goods sold, primarily due to higher costs of feedstock.
- The company also experienced higher revenues from an associate and joint ventures.
- Market analysts have mixed recommendations on Sabic Agri-Nutrients stock, with 8 buys, 3 holds, and 1 sell.
A look at Saudi Arabian Fertilizer Co Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 2 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.0 |
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
Based on the Smartkarma Smart Scores, Saudi Arabian Fertilizer Co displays a mix of strengths and weaknesses in its long-term outlook. With a high Dividend score of 5, investors can expect solid returns in the form of dividends from this company. Additionally, the company shows strong Resilience and Momentum scores, indicating its ability to weather market fluctuations and maintain a positive growth trend.
However, Saudi Arabian Fertilizer Co lags behind in terms of Value and Growth with scores of 3 and 2 respectively. This suggests that the company may not be currently undervalued and might face challenges in achieving significant growth in the future. Overall, while the company excels in rewarding investors with dividends and demonstrates resilience and momentum, potential investors should carefully consider its value and growth prospects before making investment decisions.
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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