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% 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
07/08/2022
Currency SAR
Previous Close 24.76
Change (%) 1.64
52 Weeks High 30.96
Volume 980,226
Number of Shares (mil) 492
Market Cap(mil) 12,187
52 Weeks Low 18.46
Key Figures
2017
2018
2019
2020
2021
(SAR Thousand)
Revenues
2017
6,045,835
2018
6,129,910
2019
6,567,015
2020
8,393,001
2021
5,351,075
Gross Income
2017
1,320,681
2018
1,246,983
2019
1,426,997
2020
2,121,870
2021
556,495
Net Income
2017
806,511
2018
488,357
2019
643,493
2020
1,614,823
2021
233,632
EBITDA
2017
2,159,105
2018
1,894,644
2019
2,232,240
2020
3,136,033
2021
1,670,395
EPS (SAR) Attributable to Operating Income
2017
2.86
2018
2.76
2019
3.11
2020
4.74
2021
-
EPS (SAR) Attributable to Net Income
2017
2.03
2018
1.22
2019
1.58
2020
3.99
2021
0.49
Dividends (SAR)
2017
1.50
2018
1.50
2019
1.50
2020
2.00
2021
1.00
Current Assets
2017
3,561,802
2018
3,320,796
2019
3,737,763
2020
3,907,212
2021
3,914,098
Current Liabilities
2017
2,002,265
2018
2,072,058
2019
2,456,153
2020
2,371,931
2021
6,686,939
Total Assets
2017
21,182,583
2018
21,197,644
2019
20,676,596
2020
21,105,308
2021
21,671,976
Shareholders' Equity
2017
9,495,218
2018
9,377,871
2019
9,212,167
2020
9,989,681
2021
9,413,106
Cash Flow From Operations
2017
1,140,085
2018
1,119,244
2019
1,797,901
2010
3,762,787
2021
734,203
Paid Up Capital
2017
3,937,500
2018
3,937,500
2019
3,937,500
2020
3,937,500
2021
3,937,500
Book Value
2017
9,918,031
2018
9,819,301
2019
9,676,871
2020
10,498,436
2021
9,959,997
Ratios
2017
2018
2019
2020
2021
Gross Margin (%)
2017
21.84
2018
20.23
2019
21.73
2020
25.28
2021
10.40
Book Value per Share
2017
25.19
2018
24.94
2019
24.58
2020
26.66
2021
-
Dividends Payout Ratio (%)
2017
73.23
2018
122.95
2019
94.93
2020
49.14
2021
205.00
Net Profit Margin (%)
2017
13.34
2018
7.97
2019
9.80
2020
19.24
2021
4.37
EBITDA Margin (%)
2017
35.71
2018
30.91
2019
33.99
2020
37.36
2021
31.22
Return On Assets (%)
2017
3.81
2018
2.30
2019
3.11
2020
7.65
2021
1.08
Return On Equity (%)
2017
8.13
2018
4.97
2019
6.65
2020
15.38
2021
2.35
Equity/Assets (x)
2017
0.47
2018
0.46
2019
0.47
2020
0.50
2021
0.46
Current Ratio (x)
2017
1.78
2018
1.60
2019
1.52
2020
1.65
2021
0.59
Debt/Equity (x)
2017
1.03
2018
1.04
2019
0.98
2020
0.85
2021
0.96

* 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 FY2021)
Revenues
Net Income
Net Income Margin
Earnings per Share
Dry Bulk
Star Bulk Carriers (USD Thousand)
Revenues
1,427,423
Net Income
680,530
Net Income Margin
47.68%
Earnings per Share
US$ 6.73
D´Amico (ITA) (USD Thousand)
Revenues
246,455
Net Income
-37,261
Net Income Margin
-15.12%
Earnings per Share
US$ -0.030
Pangaea Logistics (USD Thousand)
Revenues
718,104
Net Income
72,374
Net Income Margin
10.08%
Earnings per Share
US$ 1.53
Oil
Mitsui O.S.K. (TOK) (Yen Million)
Revenues
1,269,310
Net Income
708,819
Net Income Margin
55.84%
Earnings per Share
¥ 1,970.16
Euronav (BRU) (USD Thousand)
Revenues
419,770
Net Income
-338,777
Net Income Margin
-80.71%
Earnings per Share
US$ -1.68
DHT Holdings (NYSE) (USD Thousand)
Revenues
295,853
Net Income
-11,507
Net Income Margin
-3.89%
Earnings per Share
US$ -0.07
Nippon Yusen (TOK) (Yen Million)
Revenues
2,280,775
Net Income
268,939
Net Income Margin
11.79%
Earnings per Share
¥ 5,973.76
Kawasaki Kisen (TOK) (Yen Million)
Revenues
756,983
Net Income
646,633
Net Income Margin
85.42%
Earnings per Share
¥ 6,887.54
Chemicals
A.P. Møller-Mærsk B (USD Million)
Revenues
61,787
Net Income
18,033
Net Income Margin
29.19%
Earnings per Share
US$ 941
TORM A (USD Thousand)
Revenues
619,532
Net Income
-42,089
Net Income Margin
-6.79%
Earnings per Share
US$ -0.54
Dampskibsselskabet Norden (COP) (USD Million)
Revenues
3,551.80
Net Income
204.5
Net Income Margin
5.76%
Earnings per Share
US$ 5.45
Great Eastern Shipping (BSE) (INR Crore)
Revenues
3,508.94
Net Income
629.68
Net Income Margin
17.95%
Earnings per Share
(cr/US$) 42.99