Rabigh Refining and Petrochemical Company (2380) Fair Value & Analysis
Energy · SA · Market cap 32.8B SAR
Fair value as of: Jul 31, 2026
From 4 valuation models · updated today
Share price +21.7% over the past month.
What matters now
- The price sits above even our optimistic bull case (7.80 SAR). The favourable scenario is already priced in.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
- Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (3.90 SAR to 7.80 SAR) leaves room in how you read the outcome.
Price vs Fair Value (12 months)
12‑month range 6.46 SAR – 16.18 SAR · fair‑value band 3.90 SAR – 7.80 SAR · the 14.87 SAR price screens above the 5.22 SAR fair value. As of Jul 31, 2026.
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Rabigh Refining and Petrochemical Company (2380) currently trades at 14.87 SAR, while our model-based Fair Value estimate is 5.22 SAR, implying the stock looks roughly 64.9% overvalued today. We read business quality at 45/100 (below-average quality), in the Energy 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, Rabigh Refining and Petrochemical Company generated revenue of 38.6B SAR at a net margin of -4.5%. Revenue grew 32.4% year over year. It earns a return on equity of -13.7%. Net debt stands at 24.4B SAR. Fundamentals as of Jul 31, 2026
Our scenario range runs from 3.90 SAR (bear case) to 7.80 SAR (bull case); at 14.87 SAR, the current price sits above that range. The share trades about 9% below its 52-week high and 138% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at -51% fair-value upside, at -65%, 2380 screens richer 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
Rabigh Refining and Petrochemical Company engages in the development, construction, and operation of an integrated refining and petrochemical complex in the Middle East, the Asia Pacific, and internationally. The company operates in Refined Products and Petrochemicals segments.
Full company description
Rabigh Refining and Petrochemical Company engages in the development, construction, and operation of an integrated refining and petrochemical complex in the Middle East, the Asia Pacific, and internationally. The company operates in Refined Products and Petrochemicals segments. It offers polymers, such as high-density polyethylene, polypropylene homo polymer, block copolymer polypropylene, linear low-density polyethylene, ethylene vinyl acetate, ethylene propylene diene rubber, termo plastic olefin, poly methyl methacrylate, and polyamide 6. The company also provides mono ethylene glycol, propylene oxide, methyl methacrylate, phenol, acetone, para xylene, and benzen monomer related products. In addition, it offers fuel oil, diesel, gasoline, kerosene, light naphtha, and liquefied petroleum gas. Its products are used in various end products, such as plastics, detergents, lubricants, resins, coolants, anti-freeze, paint, carpets, rope, clothing, shampoo, auto interiors, epoxy glue, insulation, film, fibers, household appliances, packaging, candles, pipes, and other applications. The company was incorporated in 2005 and is headquartered in Rabigh, the Kingdom of Saudi Arabia. As of October 9, 2025 Rabigh Refining and Petrochemical Company is a subsidiary of Saudi Arabian Oil Company.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Rabigh Refining and Petrochemical Company reported revenue of 35.0B SAR in FY2025 versus 45.6B SAR in FY2021, a compound −6.4%/yr. Reported net income was −3.9B SAR in FY2025.
Is 2380 fairly valued? → Check now
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 Oil & Gas Refining & Marketing stocks, each showing price versus our Fair Value estimate (as of Jul 31, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Reliance Industries Limited RELIANCE | ₹1,291 | ₹812.28 | -37% |
| Valero Energy Corporation VLO | $257.99 | $109.18 | -58% |
| Marathon Petroleum Corporation MPC | $263.28 | $114.61 | -56% |
| Phillips 66 PSX | $183.08 | $50.63 | -72% |
| Neste Oyj NESTE | €26.77 | €6.38 | -76% |
| Formosa Petrochemical Corporation 6505 | 52.10 TWD | 20.61 TWD | -60% |
| ENEOS Holdings JXHLY | $15.55 | $17.72 | +14% |
| Indian Oil Corporation IOC | ₹136.88 | ₹343.46 | +151% |
| HF Sinclair Corporation DINO | $72.83 | $35.64 | -51% |
| Bharat Petroleum Corporation BPCL | ₹308.60 | ₹846.81 | +174% |
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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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