Sahara International Petrochemical Company (2310) Fair Value & Analysis
Basic Materials · SA · Market cap 9.3B SAR
Fair value as of: Jul 31, 2026
From 12 valuation models · updated today
Share price −11.0% over the past month.
What matters now
- The large discount to fair value meets weak quality (39/100). That raises the risk this is a value trap rather than a bargain.
- The price is below even our cautious bear case (13.21 SAR). The market is more pessimistic than our downside scenario.
- A fairly wide model range (13.21 SAR to 29.78 SAR) leaves room in how you read the outcome.
Price vs Fair Value (12 months)
12‑month range 12.73 SAR – 20.08 SAR · fair‑value band 13.21 SAR – 29.78 SAR · the 12.73 SAR price screens below the 20.37 SAR fair value. As of Jul 31, 2026.
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Sahara International Petrochemical Company (2310) currently trades at 12.73 SAR, while our model-based Fair Value estimate is 20.37 SAR, implying the stock looks roughly 60.0% undervalued today. We read business quality at 39/100 (below-average quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.
Over the trailing twelve months, Sahara International Petrochemical Company generated revenue of 5.0B SAR at a net margin of -33.7%. Revenue declined 54.8% year over year. It earns a return on equity of -11.7%. Net debt stands at 1.5B SAR. Fundamentals as of Jul 31, 2026
Our scenario range runs from 13.21 SAR (bear case) to 29.78 SAR (bull case); at 12.73 SAR, the current price sits below that range. The share trades about 38% below its 52-week high, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -51% fair-value upside, at 60%, 2310 screens cheaper than that median.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 31, 2026. TTM = trailing twelve months.
Quality Score breakdown
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
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.
Full company description
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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Sahara International Petrochemical Company 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.
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Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 31, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Linde plc LIN | €425.60 | €106.89 | -75% |
| BASF SE BASN | 1,034 MXN | 559.88 MXN | -46% |
| Saudi Basic Industries Corporation 2010 | 49.60 SAR | 18.13 SAR | -63% |
| Ningxia Baofeng Energy Group 600989 | ¥23.43 | ¥34.39 | +47% |
| Dow Inc D1OW34 | R$43.91 | R$31.57 | -28% |
| Zhejiang Juhua Co 600160 | ¥40.39 | ¥19.73 | -51% |
| Rongsheng Petrochemical Co 002493 | ¥12.04 | ¥3.01 | -75% |
| PT Barito Pacific Tbk, BRPT | 1,590 IDR | 0.0900 IDR | -100% |
| LG Chem, Ltd 051910 | 281,500 KRW | 587,755 KRW | +109% |
| Formosa Chemicals & Fibre Corporation 1326 | 53.10 TWD | 23.70 TWD | -55% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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