Abu Dhabi Ship Building PJSC Valuation

Is ADSB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

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 ADSB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ADSB (AED5.5) is trading above our estimate of fair value (AED0.94)

Significantly Below Fair Value: ADSB is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ADSB?

Key metric: As ADSB is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ADSB. This is calculated by dividing ADSB's market cap by their current earnings.
What is ADSB's PE Ratio?
PE Ratio	20.3x
Earnings	د.إ57.48m
Market Cap	د.إ1.17b

ADSB key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.6x
Enterprise Value/EBITDA	12.9x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does ADSB's PE Ratio compare to its peers?

The above table shows the PE ratio for ADSB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	6.3x
ESG ESG Emirates Stallions Group PJSC	8.5x	n/a	د.إ1.7b
DSI Drake and Scull International P.J.S.C	0.3x	n/a	د.إ983.9m
RAKCEC R.A.K. Ceramics P.J.S.C	10.4x	2.8%	د.إ2.4b
OC Orascom Construction	5.8x	2.5%	US$727.6m
ADSB Abu Dhabi Ship Building PJSC	20.3x	n/a	د.إ1.2b

Price-To-Earnings vs Peers: ADSB is expensive based on its Price-To-Earnings Ratio (20.3x) compared to the peer average (6.3x).

Price to Earnings Ratio vs Industry

How does ADSB's PE Ratio compare vs other companies in the Asian Aerospace & Defense Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: ADSB is good value based on its Price-To-Earnings Ratio (20.3x) compared to the Asian Aerospace & Defense industry average (48.7x).

Price to Earnings Ratio vs Fair Ratio

What is ADSB'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.

ADSB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	20.3x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ADSB's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.