Saudi Kayan Petrochemical Company SJSC

Saudi Kayan Petrochemical Company SJSC exhibits a strained capital structure characterized by significant leverage and negative liquidity metrics. The company reports total assets of 22.72 billion SAR against total liabilities of 13.54 billion SAR, resulting in total equity of 9.18 billion SAR. Long-term debt stands at 9.14 billion SAR, yielding a debt-to-equity ratio of 1.0. Liquidity is constrained, with a current ratio of 0.85, indicating that current liabilities exceed current assets. Cash and equivalents are minimal at 56.26 million SAR, while operating cash flow is negative at -302.68 million SAR and free cash flow is negative at -564.52 million SAR. The risk assessment flags medium liquidity risk and notes that net cash is negative after subtracting total debt.

Profitability metrics are deeply negative, reflecting a period of operational loss. The company reports a net income of -2.29 billion SAR on revenue of 8.46 billion SAR. Return on equity is -23.23%, and return on assets is -9.38%. Gross profit is negative at -893.86 million SAR, and operating income is negative at -1.64 billion SAR. These figures indicate that the company is currently unable to cover its operating costs with its revenue, leading to a erosion of shareholder equity. No cohort median data is provided to benchmark these profitability metrics against industry peers.

Segment and geographic revenue breakdowns are not available in the provided data. Consequently, specific insights into revenue concentration by product line or region cannot be derived. The analysis must rely on aggregate financial figures to assess the company's performance.

Growth trajectory analysis is limited by the absence of historical period data. Only the latest normalized period's financial snapshot is provided, preventing a year-over-year or quarter-over-quarter trend analysis of revenue or net income. The current period shows a substantial net loss, but without historical context, the directionality of this performance cannot be determined.

Risk factors include medium liquidity risk and low dilution risk. The key flag highlights negative net cash after debt subtraction, which poses a challenge for meeting short-term obligations without external financing or asset sales. The debt-to-equity ratio of 1.0 suggests a balanced but leveraged capital structure that may limit financial flexibility in a downturn.

Recent events are reflected in analyst estimates, which show a mean price target of 5.62 SAR and a median price target of 5.70 SAR. The mean recommendation is 3.12, indicating a neutral to slightly negative sentiment, with no strong buy ratings, two buy ratings, and three hold ratings. Competitor context lists Chevron, Shell, and BP, but no specific comparative data is provided.

Revenue SAR 1.49B, −27,8% YoY; Operating income +28,8% YoY.

• ▍Revenue SAR 1.49B, −27,8% YoY
• ▍Operating income +28,8% YoY
• ▍Net income +20,8% YoY
• ▍Free cash flow +48,2% YoY
• ▍Net margin -41.3%

Revenue SAR 2.01B, −10,3% YoY; Operating income −0,5% YoY.

• ▍Revenue SAR 2.01B, −10,3% YoY
• ▍Operating income −0,5% YoY
• ▍Net income +0,0% YoY
• ▍Free cash flow −60,6% YoY
• ▍Net margin -34.1%

Revenue SAR 2.15B, −10,2% YoY; Operating income −28,9% YoY.

• ▍Revenue SAR 2.15B, −10,2% YoY
• ▍Operating income −28,9% YoY
• ▍Net income −13,5% YoY
• ▍Free cash flow −26,8% YoY
• ▍Net margin -15.6%

Revenue SAR 2.23B, +5,9% YoY; Operating income −235,1% YoY.

• ▍Revenue SAR 2.23B, +5,9% YoY
• ▍Operating income −235,1% YoY
• ▍Net income −98,5% YoY
• ▍Free cash flow −112,8% YoY
• ▍Net margin -22.2%

Revenue SAR 2.06B; Operating income -SAR 648.9M.

• ▍Revenue SAR 2.06B
• ▍Operating income -SAR 648.9M
• ▍Net margin -37.6%

Revenue SAR 2.25B; Operating income -SAR 522.6M.

• ▍Revenue SAR 2.25B
• ▍Operating income -SAR 522.6M
• ▍Net margin -30.5%

Revenue SAR 2.40B; Operating income -SAR 126.5M.

• ▍Revenue SAR 2.40B
• ▍Operating income -SAR 126.5M
• ▍Net margin -12.3%

Revenue SAR 2.11B; Operating income -SAR 91.3M.

• ▍Revenue SAR 2.11B
• ▍Operating income -SAR 91.3M
• ▍Net margin -11.9%

Revenue SAR 8.46B, −3,1% YoY; Operating income −44,9% YoY.

• ▍Revenue SAR 8.46B, −3,1% YoY
• ▍Operating income −44,9% YoY
• ▍Net income −27,2% YoY
• ▍Free cash flow −1 117,9% YoY
• ▍Net margin -27.1%

Revenue SAR 8.73B, +6,8% YoY; Operating income +21,6% YoY.

• ▍Revenue SAR 8.73B, +6,8% YoY
• ▍Operating income +21,6% YoY
• ▍Net income +15,6% YoY
• ▍Free cash flow +90,0% YoY
• ▍Net margin -20.7%

Revenue SAR 8.17B, −26,8% YoY; Operating income −68,7% YoY.

• ▍Revenue SAR 8.17B, −26,8% YoY
• ▍Operating income −68,7% YoY
• ▍Net income −71,8% YoY
• ▍Free cash flow −157,9% YoY
• ▍Net margin -26.1%

Revenue SAR 11.16B, −11,8% YoY; Operating income −130,8% YoY.

• ▍Revenue SAR 11.16B, −11,8% YoY
• ▍Operating income −130,8% YoY
• ▍Net income −152,0% YoY
• ▍Free cash flow −81,7% YoY
• ▍Net margin -11.1%