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Last SR33.90 SAR
Change Today -1.14 / -3.25%
Volume 2.2M
NSCSA On Other Exchanges
Symbol
Exchange
Saudi Arabia
As of 7:48 AM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

national shipping co of/the (NSCSA) Snapshot

Open
SR35.60
Previous Close
SR35.04
Day High
SR35.80
Day Low
SR33.50
52 Week High
05/31/15 - SR56.75
52 Week Low
12/17/14 - SR26.20
Market Cap
13.3B
Average Volume 10 Days
3.5M
EPS TTM
SR2.51
Shares Outstanding
393.8M
EX-Date
04/2/15
P/E TM
13.5x
Dividend
SR1.00
Dividend Yield
2.95%
Current Stock Chart for NATIONAL SHIPPING CO OF/THE (NSCSA)

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national shipping co of/the (NSCSA) Details

The National Shipping Company of Saudi Arabia, together with its subsidiaries, primarily engages in the purchase, sale, and operation of vessels for the transportation of cargo and passengers; and other marine transportation activities in the Kingdom of Saudi Arabia. It operates through four segments: Oil Transportation, Petrochemical Transportation, General Cargo Transportation, and Dry Bulk Transportation. The company transports crude oil, chemical products, general cargo, and dry bulk cargo; and offers ship management services, as well as provides other services comprising technical management, commercial management, sale and purchase, technical and marine consultancy, and insurance and claim handling services. It also offers liner services; and freight forwarding and NVOCC services, such as shipping, clearance, road transportation, documentation and warehousing/distribution, system based online track/trace, vendor management, purchase order management services, etc., as well as turnkey project management services for the oil, cement, power, steel, and water conversion industries. The company owns and operates 31 very large crude carriers (VLCCs); 24 chemical carriers; 6 RoRo ships; 5 dry-bulk vessels; 1 floating storage VLCC; 4 MRs; and 1 Aframax. In addition, it owns land and properties in the United Kingdom and internationally. The company was founded in 1978 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.

Founded in 1978

national shipping co of/the (NSCSA) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

national shipping co of/the (NSCSA) Key Developments

The National Shipping Company of Saudi Arabia Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

The National Shipping Company of Saudi Arabia reported earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net profit was SAR 342.48 million against SAR 130.43 million a year ago. Operational profit was SAR 411.92 million against SAR 119.3 million a year ago. The increase in the net income is mainly due to the increase in VLCC fleet from 17 to 31 VLCCs, 5 product tankers and 1 floating storage as a result of completing the merger of Vela Marine international Ltd. assets and operations. The increase in average time charter equivalent rate in crude oil transportation spot market during the current quarter compared to the corresponding quarter of 2014. For the six months, the company reported net profit was SAR 740.89 million or SAR 1.88 per share against SAR 325.57 million or SAR 1.03 per share a year ago. Operational profit was SAR 839.87 million against SAR 286.03 million a year ago.

The National Shipping Company of Saudi Arabia Signs Contract with Hyundai Samho Heavy Industries for Five Additional VLCCs

The National Shipping Company of Saudi Arabia, or Bahri, has signed a contract with Hyundai Samho Heavy Industries to build additional five very large crude carriers, or VLCCs. These carriers will be delivered during 2017/2018. The financial impact of these contracts will appear after the delivery of the vessels. The Company will announce the financing details at a later time. These VLCCs are designed to the latest international technical specifications and are fitted with environmentally friendly specifications and high efficiency in fuel consumption, with a capacity of 300,000 DWT/per carrier. The signing of these contracts is for continuous renewal of the current fleet to meet the needs of the local and global markets.

Saudi Electricity Company and The National Shipping Company of Saudi Arabia Inks Deal for Transporting Equipment Spare Parts

Saudi Electricity Company (SEC) and The National Shipping Company of Saudi Arabia (Bahri) have signed a memorandum of understanding. The five-year agreement envisages that Bahri will transfer all the equipment tools spare parts and products imported from outside by SEC. This is aimed at supporting strategic resettlement of projects for electrical industries and exchange of experiences between the two sides to provide appropriate work environment. This in turn is expected to contribute to the successful implementation of government plans to promote domestic industries in light of the overall economic boom in the Kingdom at all levels in recent years. According to the MoU which was signed at SEC headquarters a joint working group comprising a number of specialists and experts from the two companies will be formed to study the ever strengthening and organizing cooperation between them and to put in plans needed to implement the strategies of SEC and Bahri in the resettlement of electrical industries. Integrated logistics services for the marine land and air transportation will be provided as stipulated in the MoU. SEC will nominate Bahri to offer its services to those who deal with suppliers and contractors from internally and externally in accordance with the high reliability of Bahri. SEC revealed in May its strategy to localize electrical industries in the Kingdom through three major initiatives based on stimulating local contractors and manufacturers and highlight investment opportunities in the promotion of spare parts and materials industries locally. Bahri represents the vital and important role in contributing to the growth of Saudi shipping industry and linking it to many important global markets with its fleet of ships and giant tankers that move across the seas of the world as well as ownership of the network of multiple branches and subsidiaries and many agents around the world. This in turn makes it easy to link the Saudi economy with the most important economies and global markets through several strategic business sectors represented in oil transport gas and marine chemicals transport general cargo bulk cargo transport and ship management. The company indicated that identifying investment opportunities in the localization of materials and marketing industry and presenting these sectors to the investors will encourage the establishment of local factories to import global technical experiments. It will also help attract and train qualified nationals and raise the local content rate among local manufacturers by using local materials and products (raw) thus leading to the establishment of research centers to transfer and develop technology.

 

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NSCSA

Industry Average

Valuation NSCSA Industry Range
Price/Earnings 14.1x
Price/Sales 2.5x
Price/Book 1.7x
Price/Cash Flow 14.6x
TEV/Sales 1.0x
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