Saudi Kayan Petrochemical Company (2350) Fair Value & Analysis

Basic Materials · SA · Market cap 7.5B SAR

What matters now

• Weak quality (36/100) and above fair value at the same time, the margin of safety is missing on both counts.
• A fairly wide model range (3.06 SAR to 6.12 SAR) leaves room in how you read the outcome.
• Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Price vs Fair Value (12 months)

12‑month range 4.50 SAR – 6.28 SAR · fair‑value band 3.06 SAR – 6.12 SAR · the 5.00 SAR price screens above the 4.10 SAR fair value. As of Jul 31, 2026.

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Analysis

Saudi Kayan Petrochemical Company (2350) currently trades at 5.00 SAR, while our model-based Fair Value estimate is 4.10 SAR, implying the stock looks roughly 18.0% overvalued today. We read business quality at 36/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Over the trailing twelve months, Saudi Kayan Petrochemical Company generated revenue of 7.9B SAR at a net margin of -27.1%. Revenue declined 27.8% year over year. It earns a return on equity of -22.1%. Net debt stands at 9.0B SAR. Fundamentals as of Jul 31, 2026

Our scenario range runs from 3.06 SAR (bear case) to 6.12 SAR (bull case); at 5.00 SAR, the current price sits within that range. The share trades about 22% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -57% fair-value upside, at -18%, 2350 screens cheaper than that median.

Key figures & financial health

Quality Score breakdown

About the company

Saudi Kayan Petrochemical Company manufactures and sells chemicals, polymers, and specialty products in Saudi Arabia and internationally.

Full company description

Saudi Kayan Petrochemical Company manufactures and sells chemicals, polymers, and specialty products in Saudi Arabia and internationally. The company offers ethylene for use as a feed stock for polyethylene and ethylene glycol; propylene for use as a feed stock for polypropylene and cumene; benzene for use as a feed stock for cumene plant; polypropylene for automotive, electric appliances, hot water pipe system fibers, and film wraps; and high- and low-density polyethylene for automotive gasoline tanks, pipes, bottles, and containers. It also provides ethylene oxide for use as a feed stock to ethylene glycols, polycarbonates, and ethanolamines; monoethylene glycol for use in polyester fibers, PET soft drinks package, antifreeze and coolants, heat transfer fluids, and chemical intermediates; diethylene glycol used in unsaturated polyester resins, polyurethanes and plasticizers, grinding aids, gas dehydration, printing ink, and paint pigments; and triethylene glycol for the dehydration of industrial gases and solvents, and plasticizers. The company offers cumene and phenol used as a feed stock to phenol and bisphenol-A plants; acetone used in solvents, and BPA and methyl methacrylate manufacturing; bisphenol A for use in polycarbonates and epoxy resins; and polycarbonate for use in optical media, construction and housing, automotive, aircraft, electronic components, lenses, toys, hobby items, and medical appliances; monoethanolamine, diethanolamine, and triethanolamine used in gas sweetening, detergent and specialty cleaning formulations, concrete mixtures, flexible urethane foam catalysts, pharmaceuticals, personal care products, and herbicides; ethoxylates for the detergent, paint, and leather industries; N-butanol for use in solvents, plasticizers, and coatings; iso-butanol used in direct solvents, chemical intermediates, and additives; and natural detergent alcohol for use in detergents. The company was incorporated in 2007 and is based in Jubail, Saudi Arabia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Saudi Kayan Petrochemical Company reported revenue of 8.5B SAR in FY2025 versus 12.7B SAR in FY2021, a compound −9.6%/yr. Reported net income was −2.3B 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.

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Frequently asked questions

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.