Saudi Electricity Valuation
Is 5110 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of 5110 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 5110 (SAR16.94) is trading above our estimate of fair value (SAR4.94)
Significantly Below Fair Value: 5110 is trading above our estimate of fair value.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 5110?
Other financial metrics that can be useful for relative valuation.
| What is 5110's n/a Ratio? | |
|---|---|
| n/a | 0x |
| n/a | n/a |
| Market Cap | ر.س70.58b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 2.5x |
| Enterprise Value/EBITDA | 6.2x |
| PEG Ratio | 0.9x |
Price to Earnings Ratio vs Peers
How does 5110's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 66.5x | ||
2083 Power and Water Utility Company for Jubail and Yanbu | 41.2x | 34.7% | ر.س15.2b |
EDP EDP | 13.4x | -1.7% | €17.2b |
H Hydro One | 25x | 6.6% | CA$28.1b |
2082 ACWA Power | 186.5x | 15.5% | ر.س355.3b |
5110 Saudi Electricity | 25.6x | 28.7% | ر.س70.6b |
Price-To-Earnings vs Peers: 5110 is good value based on its Price-To-Earnings Ratio (25.6x) compared to the peer average (66.5x).
Price to Earnings Ratio vs Industry
How does 5110's PE Ratio compare vs other companies in the Asian Electric Utilities Industry?
Price-To-Earnings vs Industry: 5110 is expensive based on its Price-To-Earnings Ratio (25.6x) compared to the Asian Electric Utilities industry average (17.5x).
Price to Earnings Ratio vs Fair Ratio
What is 5110's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 25.6x |
| Fair PE Ratio | 34x |
Price-To-Earnings vs Fair Ratio: 5110 is good value based on its Price-To-Earnings Ratio (25.6x) compared to the estimated Fair Price-To-Earnings Ratio (34x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | ر.س16.94 | ر.س19.07 +12.6% | 4.3% | ر.س20.00 | ر.س18.00 | n/a | 3 |
| Sep ’25 | ر.س17.26 | ر.س19.07 +10.5% | 4.3% | ر.س20.00 | ر.س18.00 | n/a | 3 |
| Aug ’25 | ر.س17.10 | ر.س19.83 +16.0% | 8.3% | ر.س22.00 | ر.س18.00 | n/a | 3 |
| Jul ’25 | ر.س16.46 | ر.س19.50 +18.5% | 6.3% | ر.س21.00 | ر.س18.00 | n/a | 3 |
| Jun ’25 | ر.س16.72 | ر.س19.80 +18.4% | 6.5% | ر.س21.00 | ر.س18.00 | n/a | 3 |
| May ’25 | ر.س18.36 | ر.س22.13 +20.6% | 9.2% | ر.س25.00 | ر.س20.40 | n/a | 3 |
| Apr ’25 | ر.س19.70 | ر.س22.13 +12.4% | 9.2% | ر.س25.00 | ر.س20.40 | n/a | 3 |
| Mar ’25 | ر.س20.00 | ر.س20.55 +2.8% | 2.2% | ر.س21.00 | ر.س20.10 | n/a | 2 |
| Feb ’25 | ر.س18.72 | ر.س20.55 +9.8% | 2.2% | ر.س21.00 | ر.س20.10 | n/a | 2 |
| Jan ’25 | ر.س19.12 | ر.س20.30 +6.2% | 3.4% | ر.س21.00 | ر.س19.60 | n/a | 2 |
| Dec ’24 | ر.س18.06 | ر.س20.30 +12.4% | 3.4% | ر.س21.00 | ر.س19.60 | n/a | 2 |
| Nov ’24 | ر.س17.70 | ر.س24.10 +36.2% | 12.0% | ر.س27.00 | ر.س21.20 | n/a | 2 |
| Oct ’24 | ر.س19.00 | ر.س24.10 +26.8% | 12.0% | ر.س27.00 | ر.س21.20 | n/a | 2 |
| Sep ’24 | ر.س20.70 | ر.س24.10 +16.4% | 12.0% | ر.س27.00 | ر.س21.20 | ر.س17.26 | 2 |
| Aug ’24 | ر.س22.10 | ر.س23.90 +8.1% | 13.0% | ر.س27.00 | ر.س20.80 | ر.س17.10 | 2 |
| Jul ’24 | n/a | ر.س23.90 0% | 13.0% | ر.س27.00 | ر.س20.80 | ر.س16.46 | 2 |
| Jun ’24 | ر.س21.20 | ر.س23.90 +12.7% | 13.0% | ر.س27.00 | ر.س20.80 | ر.س16.72 | 2 |
| May ’24 | ر.س24.32 | ر.س25.45 +4.6% | 6.1% | ر.س27.00 | ر.س23.90 | ر.س18.36 | 2 |
| Apr ’24 | ر.س23.36 | ر.س25.45 +8.9% | 6.1% | ر.س27.00 | ر.س23.90 | ر.س19.70 | 2 |
| Mar ’24 | ر.س21.78 | ر.س25.40 +16.6% | 6.3% | ر.س27.00 | ر.س23.80 | ر.س20.00 | 2 |
| Feb ’24 | ر.س23.22 | ر.س25.40 +9.4% | 6.3% | ر.س27.00 | ر.س23.80 | ر.س18.72 | 2 |
| Jan ’24 | ر.س23.16 | ر.س25.40 +9.7% | 6.3% | ر.س27.00 | ر.س23.80 | ر.س19.12 | 2 |
| Dec ’23 | ر.س24.30 | ر.س25.40 +4.5% | 6.3% | ر.س27.00 | ر.س23.80 | ر.س18.06 | 2 |
| Nov ’23 | ر.س26.50 | ر.س26.53 +0.1% | 2.5% | ر.س27.00 | ر.س25.60 | ر.س17.70 | 3 |
| Oct ’23 | ر.س24.54 | ر.س27.20 +10.8% | 5.1% | ر.س29.00 | ر.س25.60 | ر.س19.00 | 3 |
| Sep ’23 | ر.س25.30 | ر.س27.03 +6.9% | 5.9% | ر.س29.00 | ر.س25.10 | ر.س20.70 | 3 |
Analyst Forecast: Target price is less than 20% higher than the current share price.