Market: Tadawul Symbol: 4030 ISIN:SA0007870054 Industry: Energy

The National Shipping Company of Saudi Arabia (Bahri) was formed by a Royal Decree in the year 1978 as a Public Company, 22.55% 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 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
28/11/2023
Currency SAR
Previous Close 22.08
Change (%) -0.18
52 Weeks High 24.06
Volume 176,774
Number of Shares (mil) 738
Market Cap(mil) 16,301
52 Weeks Low 17.33
Key Figures
2018
2019
2020
2021
2022
(SAR Thousand)
Revenues
2018
6,129,910
2019
6,567,015
2020
8,393,001
2021
5,351,075
2022
8,582,580
Gross Income
2018
1,246,983
2019
1,426,997
2020
2,121,870
2021
556,495
2022
1,471,133
Net Income
2018
488,357
2019
643,493
2020
1,614,823
2021
233,632
2022
1,162,597
EBITDA
2018
1,894,644
2019
2,232,240
2020
3,136,033
2021
1,670,381
2022
2,885,204
EPS (SAR) Attributable to Operating Income
2018
2.76
2019
3.11
2020
4.74
2021
1.08
2022
3.03
EPS (SAR) Attributable to Net Income
2018
1.22
2019
1.58
2020
3.99
2021
0.39
2022
2.11
Dividends (SAR)
2018
1.50
2019
1.50
2020
2.00
2021
1.00
2022
-
Current Assets
2018
3,320,796
2019
3,737,763
2020
3,907,212
2021
3,891,740
2022
5,568,533
Current Liabilities
2018
2,072,058
2019
2,456,153
2020
2,371,931
2021
6,664,581
2022
2,805,619
Total Assets
2018
21,197,644
2019
20,676,596
2020
21,105,308
2021
21,649,618
2022
22,898,097
Shareholders' Equity
2018
9,377,871
2019
9,212,167
2020
9,989,681
2021
9,413,106
2022
10,491,154
Cash Flow From Operations
2018
1,119,244
2019
1,797,901
2010
3,762,787
2021
805,536
2022
1,989,685
Paid Up Capital
2018
3,937,500
2019
3,937,500
2020
3,937,500
2021
3,937,500
2022
4,921,875
Book Value
2018
9,819,301
2019
9,676,871
2020
10,498,436
2021
9,959,997
2022
11,129,425
Ratios
2018
2019
2020
2021
2022
Gross Margin (%)
2018
20.23
2019
21.73
2020
25.28
2021
10.40
2022
17.14
Book Value per Share
2018
24.94
2019
24.58
2020
26.66
2021
25.30
2022
22.61
Dividends Payout Ratio (%)
2018
122.95
2019
94.93
2020
49.14
2021
205.00
2022
-
Net Profit Margin (%)
2018
7.97
2019
9.80
2020
19.24
2021
4.37
2022
13.55
EBITDA Margin (%)
2018
30.91
2019
33.99
2020
37.36
2021
31.22
2022
33.62
Return On Assets (%)
2018
2.30
2019
3.11
2020
7.65
2021
1.08
2022
5.08
Return On Equity (%)
2018
4.97
2019
6.65
2020
15.38
2021
2.35
2022
10.45
Equity/Assets (x)
2018
0.46
2019
0.47
2020
0.50
2021
0.46
2022
0.49
Current Ratio (x)
2018
1.60
2019
1.52
2020
1.65
2021
0.58
2022
1.98
Debt/Equity (x)
2018
1.04
2019
0.98
2020
0.85
2021
0.96
2022
0.86

* The Board of Directors decided in its meeting held on 21st of September 2020 to distribute cash dividends of SAR 394 million to the shareholders for the 1st half of the financial year 2020 amounted to SAR 1 per share. These dividends have been paid on 22nd of October 2020.

 

Peers (As at the end of FY2022)
Revenues
Net Income
Net Income Margin
Earnings per Share
Dry Bulk
Star Bulk Carriers (USD Thousand)
Revenues
1,437,156
Net Income
565,999
Net Income Margin
39.38%
Earnings per Share
US$ 5.54
D´Amico (ITA) (USD Thousand)
Revenues
479,619
Net Income
134,869
Net Income Margin
28.12%
Earnings per Share
US$ 0.11
Pangaea Logistics (USD Thousand)
Revenues
699,707
Net Income
85,508
Net Income Margin
12.22%
Earnings per Share
US$ 1.79
Oil
Mitsui O.S.K. (TOK) (Yen Million)
Revenues
1,611,984
Net Income
796,060
Net Income Margin
49.38%
Earnings per Share
¥ 2,204.04
Euronav (BRU) (USD Thousand)
Revenues
854,669
Net Income
203,251
Net Income Margin
23.78%
Earnings per Share
US$1.01
DHT Holdings (NYSE) (USD Thousand)
Revenues
454,146
Net Income
61,979
Net Income Margin
13.65%
Earnings per Share
US$0.37
Nippon Yusen (TOK) (Yen Million)
Revenues
2,616,066
Net Income
296,350
Net Income Margin
11.33%
Earnings per Share
¥ 1,933.71
Kawasaki Kisen (TOK) (Yen Million)
Revenues
942,606
Net Income
698,994
Net Income Margin
74.16%
Earnings per Share
¥ 2,571.02
Chemicals
A.P. Møller-Mærsk B (USD Million)
Revenues
81,529
Net Income
29,321
Net Income Margin
35.96%
Earnings per Share
US$ 1,600
TORM A (USD Thousand)
Revenues
1,443,351
Net Income
562,574
Net Income Margin
38.98%
Earnings per Share
US$ 6.92
Dampskibsselskabet Norden (COP) (USD Million)
Revenues
5,312.4
Net Income
743.5
Net Income Margin
14.00%
Earnings per Share
US$ 21.2
Great Eastern Shipping (BSE) (INR Crore)
Revenues
5,690.5
Net Income
2,575.0
Net Income Margin
45.25%
Earnings per Share
(cr/US$) 180.36