Simply Wall St cuts fair value to SAR 48.00 for SABIC stock ahead of results

Published on 10/20/2026 at 09:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SABIC posted a SAR 75.82 million Q2 loss after SAR 24.81 billion revenue. For SABIC stock, Q3 results are due October 26.

Earnings and valuation checkpoints

Simply Wall St lowered its fair value estimate from SAR 50.00 to SAR 48.00 on October 16, 2026.
SABIC generated SAR 24.81 billion in second-quarter 2026 revenue and posted a SAR 75.82 million net loss.
The company is scheduled to report third-quarter 2026 results on October 26, 2026.
SABIC stock was last at SAR 44.82 on October 20, 2026, while its 52-week range was SAR 44.00 to SAR 62.50.

SABIC, SA0007879121, Illustration mit AI erstellt.

Simply Wall St lowered its fair value estimate for Saudi Basic Industries from SAR 50.00 to SAR 48.00 on October 16, 2026, according to Simply Wall St. The revision comes as the Saudi chemical producer approaches its scheduled third-quarter results on October 26, 2026.

Valuation meets weak earnings

The latest reported quarter showed why margins and profit recovery remain central to the valuation debate. In the second quarter of 2026, revenue reached SAR 24.81 billion, while Saudi Basic Industries recorded a SAR 75.82 million net loss, according to Simply Wall St. Revenue exceeded analyst estimates by 2.20 percent, but earnings per share missed expectations.

The valuation cut is therefore a quantified counterweight to the revenue result. The revised SAR 48.00 estimate stands SAR 3.18 above the latest SAR 44.82 Tadawul price, an implied 7.10 percent premium based on those two Saudi riyal figures.

Three dated milestones shape the setup

On August 6, 2026, the second-quarter report showed SAR 24.81 billion of revenue and a SAR 75.82 million net loss. On September 29, 2026, Saudi Basic Industries announced that third-quarter results would be published on October 26, 2026. On October 16, 2026, Simply Wall St cut its fair value estimate from SAR 50.00 to SAR 48.00.

What does the SAR 48.00 estimate mean?

The estimate is only SAR 3.18 above the latest market price, leaving the valuation case dependent on evidence of improving earnings rather than revenue alone. A further loss forecast would challenge that case, while a margin recovery in the third-quarter report could provide a more constructive test of the revised estimate.

Next date for the earnings test

Saudi Basic Industries is scheduled to report third-quarter 2026 results on October 26, 2026, according to Simply Wall St. A forecast from Riyad Capital cited by Argaam projected a SAR 673 million third-quarter loss.

Market value remains below the yearly high

Saudi Basic Industries stock was last at SAR 44.82 on Tadawul on October 20, 2026, at 10:26 a.m. AST. The company had a market capitalization of SAR 134.5 billion, while its 52-week range stood at SAR 44.00 to SAR 62.50 on the same date. That range places the latest price close to the lower boundary and keeps the October 26 report as the next concrete test for the recovery narrative.