Simply Wall St cuts fair value to SAR 58.16 for SABIC stock

Published on 10/16/2026 at 15:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached SAR 24.81 billion. SABIC stock last stood at SAR 44.56 on October 15, 2026, down 0.31 percent.

SABIC valuation and operating figures

Simply Wall St reduced its fair value estimate to SAR 58.16 on October 7, 2026.
Second-quarter revenue reached SAR 24.81 billion, down 18 percent from a year earlier.
SABIC stock last stood at SAR 44.56 on October 15, 2026, down 0.31 percent versus the prior close.
Saudi Basic Industries Corporation had a market capitalization of SAR 133.7 billion on October 15, 2026.

SABIC, SA0007879121, Illustration mit AI erstellt.

Simply Wall St reduced its fair value estimate for Saudi Basic Industries Corporation to SAR 58.16 from SAR 59.46 on October 7, 2026, according to Simply Wall St. The cut leaves the estimate 23.39 percent above the last Tadawul price of SAR 44.56.

Saudi Basic Industries Corporation posted SAR 24.81 billion in revenue in the second quarter of 2026, down 18.00 percent from the same period a year earlier. Its net loss was SAR 75.82 million, compared with net income of SAR 13.20 million in the first quarter, while cash from operations reached SAR 302.12 million in the quarter. The reported figures come from the standardized second-quarter financial statement data.

Revenue pressure remains visible

Argaam reported on September 29, 2026 that second-quarter revenue fell about 5 percent from the prior quarter and 18 percent year over year. The same report said adjusted earnings before interest, taxes, depreciation and amortization were SAR 3.40 billion, equal to a 13.60 percent margin. These figures frame the stock's valuation debate: operating earnings remained positive, but weaker volumes and a loss at the group level constrained the result.

What the valuation implies

The Simply Wall St estimate is SAR 1.30 lower than the previous SAR 59.46 level, a 2.19 percent reduction. Its latest assessment also placed the future price-to-earnings multiple at 23.95, down from 36.11, according to the October 7 update. The estimate is therefore a dated valuation reference, not a forecast adopted by this article.

Comparison with peers

SABIC: minus 0.31 percent, P/E minus 6.50, market capitalization SAR 133.7 billion.

Saudi Kayan Petrochemical Company (Tadawul, SAR): minus 1.94 percent, P/E minus 2.95, market capitalization SAR 6.8 billion.

Yanbu National Petrochemical Company (Tadawul, SAR): minus 1.19 percent, P/E 61.45, market capitalization SAR 17.8 billion.

Next date and market position

Saudi Basic Industries Corporation is scheduled to report third-quarter 2026 results on October 26, 2026, according to Simply Wall St. The date gives the market a defined near-term checkpoint after the second-quarter loss and the recent fair value reduction.

Price stays below the valuation estimate

The last Tadawul price was SAR 44.56 on October 15, 2026 at 3:19 p.m. AST, down 0.31 percent versus the prior close of October 14, 2026. The quotation sat SAR 17.94 below the latest fair value estimate, equivalent to 30.85 percent below that target.