ADNOC Logistics & Services plc

ADX:ADNOCLS Stock Report

Market Cap: د.إ32.7b

ADNOC Logistics & Services Valuation

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

Valuation Score

4/6

Valuation Score 4/6

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

Discounted Cash Flow
Simply Wall St
د.إ4.60
Fair Value
3.9% undervalued intrinsic discount
11
Number of Analysts

Below Fair Value: ADNOCLS (AED4.42) is trading below our estimate of fair value (AED4.6)

Significantly Below Fair Value: ADNOCLS is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ADNOCLS. This is calculated by dividing ADNOCLS's market cap by their current earnings.
What is ADNOCLS's PE Ratio?
PE Ratio11.8x
EarningsUS$756.17m
Market CapUS$8.90b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ADNOCLS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.9x
NMDCENR NMDC Energy - P.J.S.C
8.3x7.6%د.إ11.7b
ADNOCDRILL ADNOC Drilling Company P.J.S.C
16.5x8.6%د.إ79.0b
ADNOCGAS ADNOC Gas
13x-3.5%د.إ239.5b
DANA Dana Gas PJSC
9.8x8.6%د.إ5.5b
ADNOCLS ADNOC Logistics & Services
11.8x9.8%د.إ32.7b

Price-To-Earnings vs Peers: ADNOCLS is good value based on its Price-To-Earnings Ratio (11.8x) compared to the peer average (11.9x).

Price to Earnings Ratio vs Industry

How does ADNOCLS's PE Ratio compare vs other companies in the Asian Oil and Gas Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ADNOCLS 11.8xIndustry Avg. 9.8xNo. of Companies33PE0612182430+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ADNOCLS is expensive based on its Price-To-Earnings Ratio (11.8x) compared to the Asian Oil and Gas industry average (9.8x).

Price to Earnings Ratio vs Fair Ratio

What is ADNOCLS'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.

ADNOCLS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.8x
Fair PE Ratio12.7x

Price-To-Earnings vs Fair Ratio: ADNOCLS is good value based on its Price-To-Earnings Ratio (11.8x) compared to the estimated Fair Price-To-Earnings Ratio (12.7x).

Analyst Price Targets

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

The above table shows the analyst ADNOCLS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentد.إ4.42
د.إ6.43
+45.4%
8.9%د.إ7.20د.إ5.30n/a11
Apr ’26د.إ4.93
د.إ6.59
+33.8%
5.9%د.إ7.20د.إ6.00n/a10
Mar ’26د.إ5.01
د.إ6.62
+32.2%
6.5%د.إ7.30د.إ6.00n/a10
Feb ’26د.إ5.18
د.إ6.57
+26.9%
5.7%د.إ7.20د.إ6.00n/a10
Jan ’26د.إ5.43
د.إ6.57
+21.1%
5.7%د.إ7.20د.إ6.00n/a10
Dec ’25د.إ5.50
د.إ6.57
+19.5%
5.7%د.إ7.20د.إ6.00n/a10
Nov ’25د.إ5.79
د.إ6.18
+6.8%
10.7%د.إ7.20د.إ5.00n/a9
Oct ’25د.إ5.41
د.إ5.90
+9.0%
13.8%د.إ7.20د.إ4.80n/a9
Sep ’25د.إ5.40
د.إ5.65
+4.7%
14.7%د.إ7.20د.إ4.70n/a9
Aug ’25د.إ4.75
د.إ5.48
+15.3%
15.3%د.إ7.20د.إ4.70n/a9
Jul ’25د.إ4.19
د.إ5.18
+23.6%
8.9%د.إ6.00د.إ4.70n/a9
Jun ’25د.إ4.07
د.إ5.07
+24.7%
7.5%د.إ6.00د.إ4.70n/a8
May ’25د.إ3.97
د.إ4.93
+24.1%
6.7%د.إ5.70د.إ4.60n/a8
Apr ’25د.إ4.06
د.إ4.88
+20.2%
6.1%د.إ5.50د.إ4.50د.إ4.938
Mar ’25د.إ3.90
د.إ4.65
+19.3%
10.3%د.إ5.50د.إ3.73د.إ5.018
Feb ’25د.إ3.98
د.إ4.36
+9.6%
7.3%د.إ4.90د.إ3.73د.إ5.188
Jan ’25د.إ3.83
د.إ4.34
+13.4%
7.2%د.إ4.90د.إ3.73د.إ5.438
Dec ’24د.إ3.76
د.إ4.27
+13.5%
5.6%د.إ4.60د.إ3.73د.إ5.508
Nov ’24د.إ3.36
د.إ4.05
+20.5%
8.5%د.إ4.45د.إ3.31د.إ5.798
Oct ’24د.إ3.65
د.إ3.95
+8.2%
8.3%د.إ4.30د.إ3.31د.إ5.418
Sep ’24د.إ3.72
د.إ3.95
+6.1%
8.3%د.إ4.30د.إ3.31د.إ5.408
Aug ’24د.إ3.59
د.إ3.75
+4.3%
6.2%د.إ4.08د.إ3.31د.إ4.758
AnalystConsensusTarget
Consensus Narrative from 11 Analysts
د.إ6.43
Fair Value
31.2% undervalued intrinsic discount
11
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/04/15 18:08
End of Day Share Price 2025/04/15 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

ADNOC Logistics & Services plc is covered by 14 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Sidharth SabooArqaam Capital Research Offshore S.A.L.
Ali AfifiArqaam Capital Research Offshore S.A.L.
Klas BergelindCitigroup Inc