Gulf Pharmaceutical Industries P.S.C Valuation

Q: What is the Fair Price of JULPHAR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

JULPHAR (AED1.33) is trading below our estimate of [[fair value]] (AED35.77)

Is JULPHAR 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-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of JULPHAR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: JULPHAR (AED1.33) is trading below our estimate of fair value (AED35.77)

Significantly Below Fair Value: JULPHAR is trading below fair value by more than 20%.

Key Valuation Metric

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

Key metric: As JULPHAR is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for JULPHAR. This is calculated by dividing JULPHAR's market cap by their current revenue.
What is JULPHAR's PS Ratio?
PS Ratio	0.9x
Sales	د.إ1.71b
Market Cap	د.إ1.54b

JULPHAR 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	1.4x
Enterprise Value/EBITDA	18x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does JULPHAR's PS Ratio compare to its peers?

The above table shows the PS ratio for JULPHAR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	9.1x
506879 Gujarat Themis Biosyn	23.3x	n/a	₹36.0b
SIGA SIGA Technologies	3x	7.5%	US$502.0m
688117 ChengDu ShengNuo BiotecLtd	6.6x	27.7%	CN¥3.2b
300452 Anhui Sunhere Pharmaceutical ExcipientsLtd	3.5x	15.5%	CN¥2.9b
JULPHAR Gulf Pharmaceutical Industries P.S.C	0.9x	n/a	د.إ1.5b

Price-To-Sales vs Peers: JULPHAR is good value based on its Price-To-Sales Ratio (0.9x) compared to the peer average (9.1x).

Price to Sales Ratio vs Industry

How does JULPHAR's PS Ratio compare vs other companies in the Asian Pharmaceuticals Industry?

48 Companies	Price / Sales	Estimated Growth	Market Cap

48 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: JULPHAR is good value based on its Price-To-Sales Ratio (0.9x) compared to the Asian Pharmaceuticals industry average (2.7x).

Price to Sales Ratio vs Fair Ratio

What is JULPHAR's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

JULPHAR PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.9x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate JULPHAR's Price-To-Sales 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.