Saudi Aramco Base Oil Company - Luberef (2223.SR) stock analysis

In our weekly check, Saudi Aramco Base Oil Company - Luberef is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 15 pass, warnings: 8, red flags: 2.

About Saudi Aramco Base Oil Company - Luberef

Saudi Aramco Base Oil Company - Luberef is an Energy company (Oil & Gas Exploration & Production), listed on SAU as 2223.SR.

What our checks show for 2223.SR

Red flags

• The gross margin fell by 4.2 points, to 18.9%: costs are rising faster than prices.
• Revenue fell 4.3% a year over the last 3 years.

Warning signs

• The net margin fell by 2.1 points over 5 years, to 14.8%: the company keeps less of each sale as profit.
• Analysts expect only about 4.4% a year of growth in revenue.
• Analysts expect the net margin to shrink by 0.5 points from today's 14.8%.
• Earnings per share fell 11.2% a year over the last 3 years.
• Net profit fell 11.3% a year over the last 3 years.
• The stock has fallen as much as 54% from a peak. Would you have held through that?
• The stock is still below its previous peak.
• Thinly traded (about 296 thousand shares a day): buying and selling can move the price.

Strengths

• Debt is low: 0.18x equity.
• Operating profit covers interest 26.4 times over.
• Free cash flow is 11.1% of revenue: cash for dividends, buybacks or growth.
• The price is 13.8 times earnings (P/E), reasonable for its growth.
• Beta 0.37: the stock usually moves less than the market.
• Return on capital (ROCE) is 23.1%: the business earns well on the money put into it.

Similar companies

NESTE.HE · DINO · 2380.SR · QFLS.QA · CSAN3.SA

Questions

What grade does Saudi Aramco Base Oil Company - Luberef (2223.SR) have?

In our weekly check, Saudi Aramco Base Oil Company - Luberef is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 15 pass, warnings: 8, red flags: 2. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of 2223.SR stock?

This week's biggest flags for Saudi Aramco Base Oil Company - Luberef: Gross margin falling, Weak revenue growth, Margins falling. In total 10 of 25 checks show a warning or a red flag.

What does Saudi Aramco Base Oil Company - Luberef do?

Saudi Aramco Base Oil Company - Luberef is an Energy company (Oil & Gas Exploration & Production), listed on SAU as 2223.SR.

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 2026-11-07

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