2223.SR
Premium GrowerSaudi Aramco Base Oil Company - Luberef · Energy · Saudi Arabia · $5.1B cap · $7.3M/day traded
SAR 113.00 -2.2% · close 5 Nov · scored 7 Nov
Premium Grower: Strong business with the market behind it, priced at a premium.
As of 7 Nov 2026, the MoatMap Score for Saudi Aramco Base Oil Company - Luberef (2223.SR) is 85/100, ranked against 25,000+ stocks in 38 markets (Quality 78, Value 44, Momentum 63, each scored against its sector).
Does the score work? Each tenth of the ranking, tracked monthly. See the record →
ABOUT SAUDI ARAMCO BASE OIL COMPANY - LUBEREF
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Saudi Aramco Base Oil Company - Luberef produces and sells base oils and various by-products in the Kingdom of Saudi Arabia, the United Arab Emirates, India, South Africa, Egypt, Singapore, the United States, South Korea, Cyprus, and internationally.
FINANCIAL SUMMARY (SAR)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 10.6B | 9.5B | 10.0B | 8.1B | -8.6% | 9.6B | 11.4B | 10.0B | 11.3% |
| EPS (SAR) | 11.72 | 8.98 | 5.78 | 5.08 | -24.3% | 8.47 | 13.15 | 11.19 | 48.4% |
| Shares | 168.2M | 168.3M | 168.3M | 168.3M | +0.1% | 168.3M | — | — | — |
| Debt | 2.2B | 2.1B | 1.1B | 949.1M | -24.6% | 945.3M | — | — | — |
| Equity | 5.1B | 4.9B | 4.4B | 4.6B | -3.4% | — | — | — | — |
| Op CF | 2.0B | 2.3B | 1.8B | 1.5B | -9.0% | 2.5B | — | — | — |
| Inv CF | -48.8M | -1.7B | 976.6M | -378.0M | — | — | — | — | — |
| Fin CF | -1.4B | -2.0B | -2.6B | -887.3M | — | — | — | — | — |
No clear trend: not near its 52-week low, and not in a steady uptrend.
Calmer than 66% of stocks we rank over the past year (volatility 34% 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 Energy, ranked by industry match, size, and score similarity. Cross-listings of 2223.SR are excluded.
| Ticker | Company | Mkt Cap | Score |
|---|---|---|---|
| 2223.SR | Saudi Aramco Base Oil Company - Luberef(you) | $5.1B | 85 |
| 2380.SR | Rabigh Refining and Petrochemical Company | $8.5B | 83 |
| 2382.SR | ADES Holding Company | $5.0B | 33 |
| 2381.SR | Arabian Drilling Company | $2.2B | 36 |
| 4146.SR | Gas Arabian Services Company | $567M | 63 |
| 2080.SR | National Gas and Industrialization Company | $1.2B | 43 |
| 2222.SR | Saudi Arabian Oil Company | $1.7T | 86 |
Peer medians: ROE 19.2% · P/E 14.1x · Gross margin 14.4%
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.