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
03/12/2024
Currency SAR
Previous Close 27.15
Change (%) 0.00
52 Weeks High 30.40
Volume 247,743
Number of Shares (mil) 738
Market Cap(mil) 20,044
52 Weeks Low 21.60
Key Figures
2019
2020
2021
2022
2023
(SAR Thousand)
Revenues
2019
6,567,015
2020
8,393,001
2021
5,351,075
2022
8,582,580
2023
8,777,500
Gross Income
2019
1,426,997
2020
2,121,870
2021
556,495
2022
1,471,133
2023
2,073,126
Net Income
2019
643,493
2020
1,614,823
2021
233,632
2022
1,162,597
2023
1,793,012
EBITDA
2019
2,232,240
2020
3,136,033
2021
1,670,381
2022
2,885,204
2023
3,921,148
EPS (SAR) Attributable to Operating Income
2019
3.11
2020
4.74
2021
1.08
2022
3.03
2023
3.05
EPS (SAR) Attributable to Net Income
2019
1.58
2020
3.99
2021
0.39
2022
1.41
2023
2.19
Dividends (SAR)
2019
1.50
2020
2.00
2021
1.00
2022
0.50
2023
-
Current Assets
2019
3,737,763
2020
3,907,212
2021
3,891,740
2022
5,568,533
2023
5,302,241
Current Liabilities
2019
2,456,153
2020
2,371,931
2021
6,664,581
2022
2,819,694
2023
2,805,894
Total Assets
2019
20,676,596
2020
21,105,308
2021
21,649,618
2022
22,898,097
2023
23,111,627
Shareholders' Equity
2019
9,212,167
2020
9,989,681
2021
9,413,106
2022
10,491,154
2023
11,838,577
Cash Flow From Operations
2019
1,797,901
2010
3,762,787
2021
805,536
2022
2,003,760
2023
3,671,427
Paid Up Capital
2019
3,937,500
2020
3,937,500
2021
3,937,500
2022
4,921,875
2023
7,382,812
Book Value
2019
9,676,871
2020
10,498,436
2021
9,959,997
2022
11,115,350
2023
12,642,236
Ratios
2019
2020
2021
2022
2023
Gross Margin (%)
2019
21.73
2020
25.28
2021
10.40
2022
17.14
2023
23.62
Book Value per Share
2019
24.58
2020
26.66
2021
25.30
2022
22.58
2023
17.12
Dividends Payout Ratio (%)
2019
94.93
2020
49.14
2021
205.00
2022
-
2023
-
Net Profit Margin (%)
2019
9.80
2020
19.24
2021
4.37
2022
13.55
2023
20.43
EBITDA Margin (%)
2019
33.99
2020
37.36
2021
31.22
2022
33.62
2023
44.67
Return On Assets (%)
2019
3.11
2020
7.65
2021
1.08
2022
5.08
2023
7.76
Return On Equity (%)
2019
6.65
2020
15.38
2021
2.35
2022
10.46
2023
14.18
Equity/Assets (x)
2019
0.47
2020
0.50
2021
0.46
2022
0.49
2023
0.55
Current Ratio (x)
2019
1.52
2020
1.65
2021
0.58
2022
1.97
2023
1.89
Debt/Equity (x)
2019
0.98
2020
0.85
2021
0.96
2022
0.86
2023
0.61

* The Board of Directors recommended in its meeting held on 14 March 2023 to the General Assembly of the Company the distribution of cash dividends of SAR 246 million to the shareholders for the financial year ended 31 December 2022 amounting to SAR 0.5 per share. The General Assembly had approved the recommendation in its meeting held on 19 June 2023. These dividends have been paid on 16 July 2023.

Peers (As at the end of FY2023)
Revenues
Net Income
Net Income Margin
Earnings per Share
Dry Bulk
Star Bulk Carriers (USD Thousand)
Revenues
949,269
Net Income
173,556
Net Income Margin
18.28%
Earnings per Share
US$1.76
D´Amico (ITA) (USD Thousand)
Revenues
538,954
Net Income
192,225
Net Income Margin
35.67%
Earnings per Share
US$1.575
Pangaea Logistics (USD Thousand)
Revenues
499,268
Net Income
28,538
Net Income Margin
5.72 %
Earnings per Share
US$0.59
Oil
Mitsui O.S.K. (TOK) (Yen Million)
Revenues
1,627,912
Net Income
261,651
Net Income Margin
16.07%
Earnings per Share
¥722.85
Euronav (BRU) (USD Thousand)
Revenues
1,235,127
Net Income
858,027
Net Income Margin
69.47%
Earnings per Share
US$4.25
DHT Holdings (NYSE) (USD Thousand)
Revenues
560,556
Net Income
161,397
Net Income Margin
28.79%
Earnings per Share
US$0.99
Nippon Yusen (TOK) (Yen Million)
Revenues
2,387,240
Net Income
174,679
Net Income Margin
7.32%
Earnings per Share
¥468.13
Kawasaki Kisen (TOK) (Yen Million)
Revenues
962,300
Net Income
106,918
Net Income Margin
11.11%
Earnings per Share
¥145.24
Chemicals
A.P. Møller-Mærsk B (USD Million)
Revenues
51,065
Net Income
3,908
Net Income Margin
7.65%
Earnings per Share
US$227.00
TORM A (USD Thousand)
Revenues
1,520,393
Net Income
647,967
Net Income Margin
42.62%
Earnings per Share
US$7.75
Dampskibsselskabet Norden (COP) (USD Million)
Revenues
3,692
Net Income
400
Net Income Margin
10.84 %
Earnings per Share
US$12.40
Great Eastern Shipping (BSE) (INR Crore)
Revenues
5,255
Net Income
2,614
Net Income Margin
49.74 %
Earnings per Share
(cr/US$)183.11
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Olaya District, Tahlia Road intersection with Olaya Street
P.O. Box 8931, Riyadh 11492
Tel: 00966-11-4785454
Fax: 00966-11-4778036
E-mail: IR@bahri.sa
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