Sahara International Petrochemical Company SJSC (2310) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Sahara International Petrochemical Company SJSC SAR 18.85, price SAR 11.93, upside +58.0%, quality 44 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 1, 2026.
How to read this chart
60‑month range 11.78 SAR – 46.22 SAR · fair‑value band 12.10 SAR – 27.10 SAR · the 11.93 SAR price screens below the 18.85 SAR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 1, 2026.
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Sahara International Petrochemical Company owns, establishes, operates, and manages industrial projects related to chemical and petrochemical industries in the Kingdom of Saudi Arabia. The company operates through Basic Chemicals, Intermediate Chemicals, Polymers, Marketing, and Corporate and Others segments.
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Sahara International Petrochemical Company owns, establishes, operates, and manages industrial projects related to chemical and petrochemical industries in the Kingdom of Saudi Arabia. The company operates through Basic Chemicals, Intermediate Chemicals, Polymers, Marketing, and Corporate and Others segments. It offers basic products, including methanol, butane, and carbon monoxide; and intermediate products, such as acetic acid, vinyl acetate monomer, ethyl acetate, butyl acetate, and utilities. The company also provides polymer products consisting of low-density polyethylene, polyvinyl acetate, polyvinyl alcohol, polybutylene terephthalate, polypropylene, and electrical connecting wire products; acetic anhydride, butanediol, caustic soda, ethylene dichloride, gamma butyrolactone, methanol, and tetrahydrofuran products. In addition, the company manufactures and sells molds, and related services; and engages in the manufacture of metal equipment and spare parts. Further, it produces ethylene-vinyl acetate films and industrial utility services. The company was formerly known as Saudi International Petrochemical Company and changed its name to Sahara International Petrochemical Company in May 2019. Sahara International Petrochemical Company was incorporated in 1999 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.
Stock analysis
Sahara International Petrochemical Company SJSC (2310) currently trades at 11.93 SAR, while our model-based Fair Value estimate is 18.85 SAR, implying the stock looks roughly 36.7% undervalued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of 14.01 SAR per share, and 8 of the 12 models we run sit above the 11.93 SAR price.
Bear case: the Multiples group reads lowest at 5.00 SAR, and 4 of the 12 models stay below the price. Evidence for this calculation is medium.
Scenario range: 12.10 SAR (bear) to 27.10 SAR (bull), the price of 11.93 SAR sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 44/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Sahara International Petrochemical Company SJSC reported revenue of 6.8B SAR in FY2025 versus 9.7B SAR in FY2021, a compound −8.4%/yr. Reported net income was −861M SAR in FY2025.
Key figures
Market cap 8.6B SAR (≈ $2.3B) · P/S ratio 1.74 · EPS (TTM) −2.34 SAR · Dividend yield 4.2% · Net margin −12.6% · Return on equity −11.7% · Return on assets (EBIT) 8.4% · Operating margin −21.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 41% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −25% fair-value upside, at 58%, 2310 screens cheaper than that median.
Fair Value models
Bear 12.10 SARFair Value 18.85 SARBull 27.10 SAR
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−3.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−12.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.0%
Start year 2020 (pandemic). Over 10 years: +6.8% a year
Revenue growth 19 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.0%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
6.8% (2020) → −7.8% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes about as much growth as the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+6.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+2.1%
Yearly sales growth analysts expect, extended to five years.
After inflation (Saudi Arabia: IMF forecast 2.1% a year to 2030, 1.7% from 2016 to 2025) that is about +4.0% a year for the price and 0.0% for the forecasts.
Compare Sahara International Petrochemical Company SJSC with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Chemicals · 350 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score44 · Below median
Fair Value upside+60.0% · Top 25%
Profitability
Return on assets−1.9% · Bottom 25%
Net margin (TTM)−33.7% · Bottom 25%
Operating margin (TTM)−21.7% · Bottom 25%
Growth and dividend
Revenue growth−54.8% · Bottom 25%
Dividend yield (TTM)4.2% · Top 25%
Balance sheet
Debt / equity0.14× · Above median
Valuation Multiplesvs Chemicals median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Sahara International Petrochemical Company SJSC Fair Value". https://www.fairvalue-calculator.com/stock/2310
Frequently asked questions
Is Sahara International Petrochemical Company SJSC (2310) overvalued or undervalued?
As of Oct 1, 2026, our model estimates a fair value of 18.85 SAR versus a price of 11.93 SAR, about +58% upside (undervalued).
What is the fair value of 2310?
Our model-based fair value for Sahara International Petrochemical Company SJSC is 18.85 SAR (as of Oct 1, 2026), built from audited fundamentals. The current price: 11.93 SAR.
What is the quality score of 2310?
Sahara International Petrochemical Company SJSC has a Quality Score of 44/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Sahara International Petrochemical Company SJSC (2310)?
Our model-based price target is the fair value of 18.85 SAR (as of Oct 1, 2026) from 12 valuation models. Cautious scenario 12.10 SAR, optimistic scenario 27.10 SAR. It is a calculation from audited fundamentals, not an analyst target.
What is the Sahara International Petrochemical Company SJSC stock forecast for 2026?
Our models put fair value at 18.85 SAR, about +58% upside versus a price of 11.93 SAR (undervalued). Cautious scenario 12.10 SAR, optimistic scenario 27.10 SAR. The calculation is refreshed regularly with new filings.
What is the revenue of Sahara International Petrochemical Company SJSC (2310)?
Sahara International Petrochemical Company SJSC reported trailing-twelve-month revenue of about 5.0B SAR (latest available figure, as of Oct 1, 2026).
Does Sahara International Petrochemical Company SJSC pay a dividend?
Sahara International Petrochemical Company SJSC currently shows a dividend yield of about 4.19% relative to its recent price (as of Oct 1, 2026).
What growth is priced into Sahara International Petrochemical Company SJSC (2310)?
For today's price to be fair in a discounted-cash-flow model, Sahara International Petrochemical Company SJSC would have to grow free cash flow by +6.2 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +5.1 % per year. As of Oct 1, 2026.
What discount rate (WACC) does the fair value of 2310 use?
Our models discount Sahara International Petrochemical Company SJSC at 10.3 %: a base by market capitalisation (mid), country premium for Saudi Arabia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Sahara International Petrochemical Company SJSC that is +6.2 % per year a year over ten years, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has Sahara International Petrochemical Company SJSC (2310) delivered so far?
Over the past 5 years revenue at Sahara International Petrochemical Company SJSC grew +5.1 % a year. The price currently implies +6.2 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Sahara International Petrochemical Company SJSC (2310) growing?
The median revenue growth in the sector is +5.1 % a year. That is the yardstick for the growth priced into Sahara International Petrochemical Company SJSC (+6.2 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Sahara International Petrochemical Company SJSC (2310)?
The free-cash-flow yield on the price is 7.46 %: that much free cash flow Sahara International Petrochemical Company SJSC produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Sahara International Petrochemical Company SJSC (2310)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sahara International Petrochemical Company SJSC it is 18.85 SAR per share (as of Oct 1, 2026), against a price of 11.93 SAR. It is the blended result of 12 valuation models (cash flow, earnings, asset, dividend).
Is Sahara International Petrochemical Company SJSC stock overvalued or undervalued in 2026?
As of Oct 1, 2026, 2310 trades below its calculated fair value: price 11.93 SAR, fair value 18.85 SAR, a gap of about +58% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 2310?
No. The price is what the market pays today (11.93 SAR); the fair value is what the company's own numbers justify (18.85 SAR). For Sahara International Petrochemical Company SJSC the two are 6.92 SAR per share apart. That gap is exactly why we show both numbers side by side.
How much is Sahara International Petrochemical Company SJSC worth?
The market values Sahara International Petrochemical Company SJSC at about 8.6B SAR (market capitalisation, as of Oct 1, 2026). Per share that is 11.93 SAR; our models calculate a fair value of 18.85 SAR per share.
What do the bullish and bearish scenarios say about 2310?
Our models span a range for Sahara International Petrochemical Company SJSC: cautious scenario 12.10 SAR, base 18.85 SAR, optimistic 27.10 SAR per share (as of Oct 1, 2026, price 11.93 SAR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Sahara International Petrochemical Company SJSC (2310)?
Balance-sheet figures for Sahara International Petrochemical Company SJSC (as of Oct 1, 2026): return on equity −11.7%, debt of 0.14 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is 2310 from its 52-week high?
Sahara International Petrochemical Company SJSC trades at 11.93 SAR, about 41% below its 52-week high of 20.08 SAR and 1% above the low of 11.78 SAR (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of 18.85 SAR is for.
Which stocks are comparable to Sahara International Petrochemical Company SJSC?
From the same area (Basic Materials) we also value Ningxia Baofeng Energy Group, Dow Inc, Hengli Petrochemical Co, Zangge Mining Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Sahara International Petrochemical Company SJSC stock attractive at the current price?
The data as of Oct 1, 2026: price 11.93 SAR, calculated fair value 18.85 SAR (+58%), Quality Score 44/100, from 12 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 2310 calculated?
We run Sahara International Petrochemical Company SJSC through 12 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 18.85 SAR, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.7 % above its aggregate fair value. Sahara International Petrochemical Company SJSC currently trades 37 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Sahara International Petrochemical Company SJSC (2310)?
The closing price on Oct 1, 2026 was 11.93 SAR. Our model-based fair value is 18.85 SAR, about +58% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sahara International Petrochemical Company SJSC right now?
The large discount to fair value meets weak quality (44/100). That raises the risk this is a value trap rather than a bargain. A fairly wide model range (12.10 SAR to 27.10 SAR) leaves room in how you read the outcome.
Where does the earnings growth of Sahara International Petrochemical Company SJSC (2310) come from?
Earnings per share at Sahara International Petrochemical Company SJSC grew +2.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share +0.0 %, EBIT margin −3.7 %, tax rate +2.0 %, residual (interest, one-offs) +4.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Sahara International Petrochemical Company SJSC
How large is the market capitalisation of Sahara International Petrochemical Company SJSC (2310)?
The market capitalisation of Sahara International Petrochemical Company SJSC is 8.6B SAR (≈ $2.3B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Sahara International Petrochemical Company SJSC (2310)?
The price-to-sales ratio of Sahara International Petrochemical Company SJSC is 1.74 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Sahara International Petrochemical Company SJSC (2310)?
Earnings per share at Sahara International Petrochemical Company SJSC are −2.34 SAR. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Sahara International Petrochemical Company SJSC (2310)?
The dividend yield of Sahara International Petrochemical Company SJSC is 4.2%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Sahara International Petrochemical Company SJSC (2310)?
The net margin of Sahara International Petrochemical Company SJSC is −12.6% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Sahara International Petrochemical Company SJSC (2310)?
The return on equity (ROE) of Sahara International Petrochemical Company SJSC is −11.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Sahara International Petrochemical Company SJSC (2310)?
On an EBIT basis the return on assets of Sahara International Petrochemical Company SJSC is 8.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Sahara International Petrochemical Company SJSC (2310)?
The operating margin of Sahara International Petrochemical Company SJSC is −21.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sahara International Petrochemical Company SJSC (2310)?
Revenue at Sahara International Petrochemical Company SJSC is growing −54.8% versus a year earlier (3y avg −12.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Sahara International Petrochemical Company SJSC (2310)?
Earnings per share at Sahara International Petrochemical Company SJSC are growing +7.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Sahara International Petrochemical Company SJSC (2310) carry?
The net debt of Sahara International Petrochemical Company SJSC is 1.5B SAR (fiscal year 2025, ≈ 2.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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