SABIC Agri-Nutrients third quarter 2022 results: revenues in line with expectations

SABIC Agri-Nutrients (TADAWUL:2020) Third Quarter 2022 Results

Main financial results

  • Revenue: £4.42 billion (up 100% compared to Q3 2021).
  • Net income: £2.33 billion (up 93% compared to Q3 2021).
  • Profit margin: 53% (vs. 55% in Q3 2021). The lower margin was driven by higher expenses.
SASE: 2020 Earnings and Revenue Growth November 3, 2022

All figures shown in the table above are for the 12 month period (TTM)

SABIC Agri-Nutrients meets expectations

Revenue is in line with analysts’ estimates.

Going forward, revenue is expected to fall by an average of 22% per year over the next 3 years, compared to a decline of 5.4% expected for the chemical industry in Saudi Arabia.

Performance of the Saudi chemical industry.

Shares of the company are down 4.2% from a week ago.

Risk analysis

What about the risks? Every business has them, and we’ve spotted 2 warning signs for SABIC Agri-Nutrients (1 of which makes us a little uncomfortable!) that you should know.

Valuation is complex, but we help make it simple.

Find out if SABIC Agri-Nutrients is potentially overvalued or undervalued by viewing our full analysis, which includes fair value estimates, risks and warnings, dividends, insider trading and financial health.

See the free analysis

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

Comments are closed.