Saudi National Bank SJSC
Saudi National Bank SJSC provides a range of banking and financial services, including corporate and retail banking, investment services, and asset management.
Business. Saudi National Bank SJSC (1180.SE) is a banking institution operating within the Financials sector, specifically engaged in providing banking and investment services. The company generates revenue primarily through interest income, consistent with standard industry practices for banks. It is headquartered in Saudi Arabia and is listed on the Tadawul exchange. Specific details regarding operating segments or geographic revenue breakdowns are not available.
Analyst recommendations
16 analysts · consensus BuyAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
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- Peers
- DividendDividend USD 1.75/sh2026-09-25 · Bank of America (BAC)
- EarningsQ3 2026 earnings (expected)2026-10-13 · estimated · JPMorgan Chase (JPM)
- EarningsQ3 2026 earnings (expected)2026-10-13 · estimated · Citigroup (C)
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Saudi National Bank SJSC (1180.SE) is a banking institution operating within the Financials sector, specifically engaged in providing banking and investment services. The company generates revenue primarily through interest income, consistent with standard industry practices for banks. It is headquartered in Saudi Arabia and is listed on the Tadawul exchange. Specific details regarding operating segments or geographic revenue breakdowns are not available.
Saudi National Bank SJSC maintains a debt-to-equity ratio of 0.95, indicating a relatively balanced capital structure. The company's liquidity position is assessed as medium, with a negative net cash position after subtracting total debt. Free cash flow stands at 5.43 billion SAR, which may support operational flexibility and shareholder returns.
The bank's profitability is reflected in a return on equity (ROE) of 2.92% and a return on assets (ROA) of 0.48%. These figures are below the typical performance metrics for the banking industry, suggesting room for improvement in asset utilization and capital efficiency.
The company's revenue is concentrated within the domestic market, with no disclosed international operations. This geographic concentration may expose the bank to local economic fluctuations and regulatory changes.
Outlook for the current fiscal year indicates a stable revenue trajectory, with no significant growth or contraction expected. The bank's capital expenditure is minimal at -851.18 million SAR, suggesting a conservative approach to infrastructure investment.
The risk assessment highlights a medium liquidity risk and a low dilution risk. The bank's negative net cash position after debt is a key liquidity concern. No dilution sources have been identified in the recent filings or transcripts.
Recent events include the publication of the latest financial results and analyst estimates. Analysts have provided a mean price target of 50.12 SAR and a median price target of 50.50 SAR, with a mean recommendation of 1.88, indicating a generally positive outlook.
- The bank maintains a balanced capital structure with a debt-to-equity ratio of 0.95.
- ROE and ROA are below industry norms, indicating potential inefficiencies in asset and capital use.
- Domestic revenue concentration exposes the bank to local economic and regulatory risks.
- Analysts project a stable stock price with a mean recommendation of 1.88.
- The bank's liquidity risk is moderate, with a negative net cash position after debt.
Bull / Bear case
Generated · model-assistedNet income surged 18.0% year-over-year to SAR 25.0 billion, demonstrating strong profitability growth.
Analysts project 23.0% upside to a mean price target of SAR 50.12, signaling positive market sentiment.
Total assets grew 9.6% year-over-year to SAR 1.21 trillion, reflecting robust balance sheet expansion.
Free cash flow increased 19.6% to SAR 13.1 billion, supporting strong liquidity generation capabilities.
Return on equity of 2.92% falls significantly below the 6.1% median for the banking cohort.
Debt-to-equity ratio of 0.95 exceeds the 0.29 cohort median, indicating higher financial leverage risk.
Cash conversion ratio of -4.9 places the bank in the bottom quartile of its peer group.
Long-term debt escalated to SAR 235.2 billion, representing a substantial increase in financial obligations.
The company faces medium liquidity risk, which could constrain operational flexibility during market stress.
In focus — financials by report
Revenue SAR 7.50B, +3,3% YoY; Net income +6,7% YoY.
- ▍Revenue SAR 7.50B, +3,3% YoY
- ▍Net income +6,7% YoY
- ▍Free cash flow +5 975,2% YoY
- ▍Net margin 85.7%
Revenue SAR 7.51B, +8,8% YoY; Net income +14,9% YoY.
- ▍Revenue SAR 7.51B, +8,8% YoY
- ▍Net income +14,9% YoY
- ▍Free cash flow +10,2% YoY
- ▍Net margin 85.1%
Revenue SAR 7.31B, +6,5% YoY; Net income +20,6% YoY.
- ▍Revenue SAR 7.31B, +6,5% YoY
- ▍Net income +20,6% YoY
- ▍Free cash flow +452,2% YoY
- ▍Net margin 88.5%
Revenue SAR 7.09B, +0,5% YoY; Net income +17,3% YoY.
- ▍Revenue SAR 7.09B, +0,5% YoY
- ▍Net income +17,3% YoY
- ▍Free cash flow +18,2% YoY
- ▍Net margin 86.6%
Revenue SAR 7.25B; Net margin 83.0%.
- ▍Revenue SAR 7.25B
- ▍Net margin 83.0%
Revenue SAR 6.90B; Net margin 80.6%.
- ▍Revenue SAR 6.90B
- ▍Net margin 80.6%
Revenue SAR 6.86B; Net margin 78.2%.
- ▍Revenue SAR 6.86B
- ▍Net margin 78.2%
Revenue SAR 7.05B; Net margin 74.2%.
- ▍Revenue SAR 7.05B
- ▍Net margin 74.2%
Revenue SAR 29.16B, +5,2% YoY; Net income +18,0% YoY.
- ▍Revenue SAR 29.16B, +5,2% YoY
- ▍Net income +18,0% YoY
- ▍Free cash flow +19,6% YoY
- ▍Net margin 85.8%
Revenue SAR 27.72B, +2,6% YoY; Net income +5,9% YoY.
- ▍Revenue SAR 27.72B, +2,6% YoY
- ▍Net income +5,9% YoY
- ▍Free cash flow −12,8% YoY
- ▍Net margin 76.4%
Revenue SAR 27.01B, +2,8% YoY; Net income +7,7% YoY.
- ▍Revenue SAR 27.01B, +2,8% YoY
- ▍Net income +7,7% YoY
- ▍Free cash flow +26,2% YoY
- ▍Net margin 74.1%
Revenue SAR 26.29B, +18,4% YoY; Net income +46,7% YoY.
- ▍Revenue SAR 26.29B, +18,4% YoY
- ▍Net income +46,7% YoY
- ▍Free cash flow +58,3% YoY
- ▍Net margin 70.7%
Valuation TTM
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 4,23 |
| Revenue | —no estimate | —no estimate | 41,6B SAR |
| Operating income | —no estimate | —no estimate | 30,6B SAR |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Actions
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- ESG data
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- Saudi National Bank SJSC Market data — financials · 2026-05-26
- Saudi National Bank SJSC Market data — analyst estimates · 2026-05-26