2010.SR
Hot AirSaudi Basic Industries Corporation · Basic Materials · Saudi Arabia · $38.4B cap · $18.7M/day traded
SAR 48.06 +0.9% · close 5 Nov · scored 7 Nov
Hot Air: Strong momentum and nothing else: weak business, rich price.
As of 7 Nov 2026, the MoatMap Score for Saudi Basic Industries Corporation (2010.SR) is 53/100, ranked against 25,000+ stocks in 38 markets (Quality 46, Value 45, Momentum 56, each scored against its sector).
Does the score work? Each tenth of the ranking, tracked monthly. See the record →
ABOUT SAUDI BASIC INDUSTRIES CORPORATION
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Saudi Basic Industries Corporation manufactures, markets, and distributes chemicals, polymers, plastics, and agri-nutrients in the Kingdom of Saudi Arabia, China, the Americas, Europe, Africa, rest of Asia, and internationally.
FINANCIAL SUMMARY (SAR)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 183.1B | 141.5B | 117.7B | 116.5B | -14.0% | 110.5B | 105.9B | 120.8B | 1.8% |
| EPS (SAR) | 5.51 | -0.92 | 0.51 | -8.59 | -69.6% | 2.26 | — | — | — |
| Shares | 3.0B | 3.0B | 3.0B | 3.0B | 0.0% | 3.0B | — | — | — |
| Debt | 34.8B | 33.5B | 35.2B | 37.1B | 2.1% | 47.2B | — | — | — |
| Equity | 186.0B | 167.4B | 156.4B | 128.7B | -11.6% | — | — | — | — |
| Op CF | 35.8B | 24.5B | 16.4B | 16.0B | -23.6% | 14.2B | — | — | — |
| Inv CF | -12.6B | -11.8B | -8.0B | -7.7B | — | — | — | — | — |
| Fin CF | -25.4B | -18.9B | -11.6B | -10.9B | — | — | — | — | — |
Made a new 52-week low 9 trading days ago, 21% below its 52-week high. The fall has not stopped yet.
The Momentum score still reads 56: it looks back six months, so it has not caught up with this fall.
Calmer than 84% of stocks we rank over the past year (volatility 24% a year).
How this is worked out
The MoatMap Score weighs the business, its price and its trend. The price check reads only the chart: the price side of the Momentum score, in words.
The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn (the Turning up rule above) cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: how much the price moved day to day over the past year, scaled to a yearly figure (annualised volatility) and ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Basic Materials, ranked by industry match, size, and score similarity. Cross-listings of 2010.SR are excluded.
| Ticker | Company | Mkt Cap | Score |
|---|---|---|---|
| 2010.SR | Saudi Basic Industries Corporation(you) | $38.4B | 53 |
| 2290.SR | Yanbu National Petrochemical Company | $4.7B | 79 |
| 2310.SR | Sahara International Petrochemical Company | $2.2B | 30 |
| 2350.SR | Saudi Kayan Petrochemical Company | $1.9B | 26 |
| 2330.SR | Advanced Petrochemical Company | $1.6B | 23 |
| 2060.SR | National Industrialization Company | $1.3B | 19 |
| 1211.SR | Saudi Arabian Mining Company (Maaden) | $61.1B | 43 |
| 2001.SR | Methanol Chemicals Company | $89M | 42 |
| 9517.SR | MOBI Industry Co. | $222M | 94 |
| 2020.SR | SABIC Agri-Nutrients Company | $14.7B | 80 |
Peer medians: ROE 8.1% · P/E 16.7x · Gross margin 22.5%
Company Deep Dive
A 10,000-word report: the business and its segments, what management promised on earnings calls and whether it delivered, the competition, and how things could turn out.