Market: Tadawul-4030 Symbol: NSCSA:AB ISIN: SA0007870054 Industry: Transportation

The National Shipping Company of Saudi Arabia (Bahri) was formed by a Royal Decree in the year 1978 as a Public Company, 22% ownership held by the Public Investment Fund "PIF" of the Saudi Government, 20% by Saudi Aramco Development Company and the remaining is widely held in public shares by Saudi Nationals.

Bahri has grown from a small shipping firm operating multipurpose vessels to become one of the biggest shipping conglomerates in the world and occupies a pre-eminent position among its industry peers at national, regional and international levels in all sectors of its business operations. It is the first national carrier, having celebrated its Silver Jubilee in the year 2004 and continues to successfully stride the triumphant march in 38 years of its existence and has generated a strong VIP customer base.

During the course of its diversification, the Company's services have been expanded to include transportation of Oil, General Cargo, Chemicals, and Dry Bulk. Having started off its operations for transporting general cargo and containers initially, the company with its commendable track record, has established the reputation of providing high standard of services to its customers in all sectors.

Share Data
16/09/2019
Currency SAR
Previous Close 26.25
Change (%) -2.05
52 Weeks High 35.15
Volume 401,276
Number of Shares (mil) 394
Market Cap(mil) 10,336
52 Weeks Low 24.50
Key Figures
2014
2015
2016
2017
2018
(* in SAR "000")
Revenues*
2014
3,626,412
2015
7,464,018
2016
6,788,484
2017
6,045,835
2018
6,129,910
Gross Income*
2014
456,290
2015
2,016,609
2016
1,758,073
2017
1,320,681
2018
1,240,234
Net Income*
2014
533,840
2015
1,817,583
2016
1,717,871
2017
800,313
2018
481,238
EPS (SAR) Attributable to Operating Income
2014
1.70
2015
5.03
2016
4.64
2017
2.86
2018
2.76
EPS (SAR) Attributable to Net Income
2014
1.58
2015
4.62
2016
4.36
2017
2.03
2018
1.22
EBITDA*
2014
1,280,636
2015
2,951,646
2016
2,863,590
2017
2,159,105
2018
1,894,644
Dividends (SAR)
2014
1.00
2015
2.50
2016
2.50
2017
1.50
2018
1.50**
Current Assets*
2014
1,838,528
2015
2,840,531
2016
3,812,768
2017
3,561,802
2018
3,320,796
Current Liabilities*
2014
4,722,716
2015
1,837,952
2016
2,021,118
2017
2,002,265
2018
2,072,058
Total Assets*
2014
17,144,411
2015
19,096,651
2016
20,837,255
2017
21,182,583
2018
21,197,644
Shareholders' Equity*
2014
7,815,072
2015
9,284,658
2016
9,677,928
2017
9,495,218
2018
9,377,871
Cash Flow From Operations*
2014
940,856
2015
2,923,047
2016
2,187,733
2017
1,140,085
2018
1,119,244
Paid Up Capital*
2014
3,937,500
2015
3,937,500
2016
3,937,500
2017
3,937,500
2018
3,937,500
Book Value*
2014
8,185,269
2015
9,699,078
2016
10,087,097
2017
9,918,031
2018
9,819,301
Ratios
2014
2015
2016
2017
2018
Gross Margin (%)
2014
12.58
2015
26.88
2016
25.90
2017
21.84
2018
20.23
Book Value per Share
2014
20.79
2015
24.63
2016
25.62
2017
25.19
2018
24.94
Dividends Payout Ratio (%)
2014
73.76
2015
54.20
2016
55.92
2017
73.23
2018
122.95
Net Profit Margin (%)
2014
14.72
2015
24.35
2016
25.31
2017
13.24
2018
7.85
EBITDA Margin (%)
2014
35.31
2015
39.34
2016
42.18
2017
35.71
2018
30.91
Return On Assets (%)
2014
3.12
2015
9.52
2016
8.24
2017
3.78
2018
2.27
Return On Equity (%)
2014
6.52
2015
18.74
2016
17.03
2017
8.07
2018
4.90
Equity/Assets (x)
2014
0.48
2015
0.51
2016
0.48
2017
0.47
2018
0.46
Current Ratio (x)
2014
0.39*
2015
1.55
2016
1.89
2017
1.78
2018
1.60
Debt/Equity (x)
2014
1.00
2015
0.83
2016
0.96
2017
1.03
2018
1.04
* Current ratio decreased at the end of 2014 due to short-term borrowing (bridge loan) of ~SAR 3.2 billion to finance Vela Transaction, which was re-financed by a long term debt (Sukuk) during 3rd quarter of 2015.
** Dividend per share - 2018: Propsed.
Peers
Revenues
Net Income
Net Income Margin
Earnings per Share
Dry Bulk
Star Bulk Carriers (US$ Thousand)
Revenues
331,976
Net Income
(9,771)
Net Income Margin
(2.94)%
Earnings per Share
US$ (0.16)
D´Amico (ITA) (US$ Thousand)
Revenues
390,971
Net Income
(38,083)
Net Income Margin
(9.74)%
Earnings per Share
US$ (0.075)
Pangaea Logistics (US$ Thousand)
Revenues
385,088
Net Income
9,100
Net Income Margin
2.36 %
Earnings per Share
US$ 0.20
Oil
Mitsui O.S.K. (TOK) (Millions of yen)
Revenues
1,652,393
Net Income
(41,440)
Net Income Margin
(2.51) %
Earnings per Share
¥ (396.16)
Euronav (BRU) (US$ Thousand)
Revenues
513,368
Net Income
1,383
Net Income Margin
0.27 %
Earnings per Share
US$ 0.01
Gener8 Maritime (US$ Thousand)
Revenues
307,819
Net Income
(168,541)
Net Income Margin
(54.75) %
Earnings per Share
US$ (2.03)
DHT Holdings (NYSE) (US$ Thousand)
Revenues
355,052
Net Income
6,602
Net Income Margin
1.86 %
Earnings per Share
US$ 0.05
Nippon Yusen (TOK) (Millions of yen)
Revenues
1,923,881
Net Income
26,763
Net Income Margin
1.39 %
Earnings per Share
¥ 119.57
Kawasaki Kisen (TOK) (Millions of yen)
Revenues
1,162,025
Net Income
10,384
Net Income Margin
0.89 %
Earnings per Share
¥ 111.13
Chemicals
A.P. Møller-Mærsk B (USD million)
Revenues
30,945
Net Income
(1,164)
Net Income Margin
(3.76) %
Earnings per Share
US$ (58)
TORM A (US$ Thousand)
Revenues
656,991
Net Income
2,407
Net Income Margin
0.37 %
Earnings per Share
US$ 0.04
Dampskibsselskabet Norden (COP) (USD million)
Revenues
1,808.6
Net Income
24.6
Net Income Margin
1.36 %
Earnings per Share
US$ 0.6
Great Eastern Shipping (BSE) (in crores)
Revenues
3,376.50
Net Income
(209.57)
Net Income Margin
(6.21) %
Earnings per Share
(cr/US$) (13.90)