Nama Chemicals Co. (2210) — Financial Analysis & Intrinsic Value · TASIV

Nama Chemicals Co. intrinsic value and dividend analysis using DCF, P/B, PEG and PSG models. Includes dividend yield, payout ratio, and dividend sustainability assessment. Sector: Materials. Listed on Saudi Exchange Tadawul.

Company Overview

Nama Chemicals Company owns and operates petrochemical and chemical production facilities in Saudi Arabia and international markets, manufacturing epoxy resins and chlor-alkali products such as caustic soda, epichlorohydrin, and calcium chloride. It also has real estate operations. Founded in 1992, it is based in Jubail.

Financial Performance

Revenue declined by about 15% over the two-year period, while net income moved in the opposite direction, swinging from a net loss to a net profit despite the lower revenue. Operating cash flow remained negative in both years and widened by about 47%, diverging from the shift seen in net income. Overall, the company's historical financial performance over the two-year period shows lower revenue alongside a shift from a net loss to a net profit, even as operating cash flow remained negative and widened further.

Dividends

Dividend per share remained unchanged at SAR 2.5 throughout the 2-year recorded period. Payments have been made on an Annual basis throughout this period. The company's per-share dividend has stayed flat across all recorded years.

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