Saudi Basic Industries Corporation (2010.SR) stock analysis

In our weekly check, Saudi Basic Industries Corporation is graded C (A to F). Of 23 checks on debt, profit, cash flow and trend: 12 pass, warnings: 3, red flags: 8.

About Saudi Basic Industries Corporation

Saudi Basic Industries Corporation is a Basic Materials company (Chemicals), listed on SAU as 2010.SR.

What our checks show for 2010.SR

Red flags

• The net margin fell by 34.3 points over 5 years, to -21.1%: the company keeps less of each sale as profit.
• The gross margin fell by 6.7 points, to 20.8%: costs are rising faster than prices.
• Revenue fell 19% a year over the last 3 years.
• Earnings per share grew only 7.5% a year over the last 3 years.
• The company is losing money: the net margin is -21.1%.
• Saudi Basic Industries Corporation pays a dividend while losing money: it is funded from reserves or debt.
• The stock has fallen as much as 86% from a peak. Would you have held through that?
• Return on capital (ROCE) is only 2.8%.

Warning signs

• Operating profit covers interest only 3.5 times: a weak year could make the payments hard.
• Analysts expect earnings per share to shrink about 27.4% a year.
• The stock is still below its previous peak.

Strengths

• Net debt is only 0.7x a year of EBITDA: the balance sheet has room.
• Operating cash flow is 0.69x net profit: the profit arrives as real cash.
• Analysts expect the net margin to improve by 29.1 points from today's -21.1%.
• A large company: market value $34.96 billion.
• Beta 0.15: the stock usually moves less than the market.
• Pay in shares is only 0% of free cash flow.

Next earnings report: 2026-11-02

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Questions

What grade does Saudi Basic Industries Corporation (2010.SR) have?

In our weekly check, Saudi Basic Industries Corporation is graded C (A to F). Of 23 checks on debt, profit, cash flow and trend: 12 pass, warnings: 3, red flags: 8. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of 2010.SR stock?

This week's biggest flags for Saudi Basic Industries Corporation: Margins falling, Gross margin falling, Weak revenue growth. In total 11 of 23 checks show a warning or a red flag.

What does Saudi Basic Industries Corporation do?

Saudi Basic Industries Corporation is a Basic Materials company (Chemicals), listed on SAU as 2010.SR.

When does Saudi Basic Industries Corporation report earnings next?

The next earnings report is expected on 2026-11-02. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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