Market: Tadawul Symbol: 4030 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
06/08/2020
Currency SAR
Previous Close 38.05
Change (%) -0.26
52 Weeks High 41.05
Volume 2,037,939
Number of Shares (mil) 394
Market Cap(mil) 14,982
52 Weeks Low 25.75
Key Figures
2015
2016
2017
2018
2019
(SAR Thousand)
Revenues
2015
7,464,018
2016
6,788,484
2017
6,045,835
2018
6,129,910
2019
6,567,015
Gross Income
2015
2,016,609
2016
1,758,073
2017
1,320,681
2018
1,246,983
2019
1,426,997
Net Income
2015
1,817,583
2016
1,749,726
2017
806,511
2018
488,357
2019
643,493
EBITDA
2015
2,951,646
2016
2,863,590
2017
2,159,105
2018
1,894,644
2019
2,124,464
EPS (SAR) Attributable to Operating Income
2015
5.03
2016
4.64
2017
2.86
2018
2.76
2019
3.11
EPS (SAR) Attributable to Net Income
2015
4.62
2016
4.36
2017
2.03
2018
1.22
2019
1.58
Dividends (SAR)
2015
2.50
2016
2.50
2017
1.50
2018
1.50
2019
1.50*
Current Assets
2015
2,840,531
2016
3,812,768
2017
3,561,802
2018
3,320,796
2019
3,621,994
Current Liabilities
2015
1,837,952
2016
2,021,118
2017
2,002,265
2018
2,072,058
2019
2,337,752
Total Assets
2015
19,096,651
2016
20,837,255
2017
21,182,583
2018
21,197,644
2019
20,560,827
Shareholders' Equity
2015
9,284,658
2016
9,677,928
2017
9,495,218
2018
9,377,871
2019
9,212,167
Cash Flow From Operations
2015
2,923,047
2016
2,187,733
2017
1,140,085
2018
1,119,244
2019
1,690,125
Paid Up Capital
2015
3,937,500
2016
3,937,500
2017
3,937,500
2018
3,937,500
2019
3,937,500
Book Value
2015
9,699,078
2016
10,087,097
2017
9,918,031
2018
9,819,301
2019
9,676,871
Ratios
2015
2016
2017
2018
2019
Gross Margin (%)
2015
26.88
2016
25.90
2017
21.84
2018
20.23
2019
21.73
Book Value per Share
2015
24.63
2016
25.62
2017
25.19
2018
24.94
2019
24.57
Dividends Payout Ratio (%)
2015
54.20
2016
55.92
2017
73.23
2018
122.95
2019
94.93
Net Profit Margin (%)
2015
24.35
2016
25.77
2017
13.34
2018
7.97
2019
9.80
EBITDA Margin (%)
2015
39.34
2016
42.18
2017
35.71
2018
30.91
2019
32.35
Return On Assets (%)
2015
9.52
2016
8.40
2017
3.81
2018
2.30
2019
3.13
Return On Equity (%)
2015
18.74
2016
17.35
2017
8.13
2018
4.97
2019
6.65
Equity/Assets (x)
2015
0.51
2016
0.48
2017
0.47
2018
0.46
2019
0.47
Current Ratio (x)
2015
1.55
2016
1.89
2017
1.78
2018
1.60
2019
1.55
Debt/Equity (x)
2015
0.83
2016
0.96
2017
1.03
2018
1.04
2019
0.98

* The Board of Directors decided in its meeting held on 26th of December 2019 to distribute cash dividends to shareholders in the amount of SAR 197 million for H1 2019 at the rate of SAR 0.5 per share. The Board of Directors also recommended, in its meeting held on 19th of January 2020, the distribution of cash dividends valued at SAR 394 million to the shareholders for H2 2019 at SAR 1 per share.

 

Peers (As at the end of FY2018)
Revenues
Net Income
Net Income Margin
Earnings per Share
Dry Bulk
Star Bulk Carriers (USD Thousand)
Revenues
651,561
Net Income
58,397
Net Income Margin
8.96%
Earnings per Share
US$ 0.76
D´Amico (ITA) (USD Thousand)
Revenues
399,046
Net Income
(55,100)
Net Income Margin
13.81%
Earnings per Share
US$ (0.085)
Pangaea Logistics (USD Thousand)
Revenues
372,970
Net Income
23,982
Net Income Margin
6.43%
Earnings per Share
US$ 0.42
Oil
Mitsui O.S.K. (TOK) (USD Thousand)
Revenues
11,118,813
Net Income
242,139
Net Income Margin
2.18%
Earnings per Share
US$ 2.025
Euronav (BRU) (USD Thousand)
Revenues
600,024
Net Income
(110,070)
Net Income Margin
(18.34)%
Earnings per Share
US$ (0.57)
DHT Holdings (NYSE) (USD Thousand)
Revenues
375,941
Net Income
(46,927)
Net Income Margin
(12.48)%
Earnings per Share
US$ (0.33)
Nippon Yusen (TOK) (USD Thousand)
Revenues
16,481,667
Net Income
(371,319)
Net Income Margin
(2.25)%
Earnings per Share
US$ (2.38)
Kawasaki Kisen (TOK) (Yen Million)
Revenues
836,731
Net Income
(108,783)
Net Income Margin
13.00%
Earnings per Share
¥ (1,192.08)
Chemicals
A.P. Møller-Mærsk B (USD Million)
Revenues
39,019
Net Income
3,221
Net Income Margin
8.25%
Earnings per Share
US$ (10)
TORM A (USD Thousand)
Revenues
635,366
Net Income
(34,779)
Net Income Margin
(5.47)%
Earnings per Share
US$ (0.48)
Dampskibsselskabet Norden (COP) (USD Million)
Revenues
2,451.4
Net Income
28.8
Net Income Margin
1.17%
Earnings per Share
US$ 0.7
Great Eastern Shipping (BSE) (INR Crore)
Revenues
2,913.41
Net Income
(19.47)
Net Income Margin
(0.67)%
Earnings per Share
(cr/US$) (1.29)