Abu Dhabi National Energy Company PJSC Valuation

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

Valuation Score

0/6

Valuation Score 0/6

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

Below Fair Value: TAQA (AED2.83) is trading above our estimate of fair value (AED1.72)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for TAQA. This is calculated by dividing TAQA's market cap by their current earnings.
What is TAQA's PE Ratio?
PE Ratio	41.5x
Earnings	د.إ7.66b
Market Cap	د.إ318.19b

TAQA 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	7x
Enterprise Value/EBITDA	18.9x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TAQA 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	21.9x
DEWA Dubai Electricity and Water Authority (PJSC)	17.5x	6.8%	د.إ123.5b
NG. National Grid	28.2x	15.5%	UK£48.6b
SRE Sempra	20.7x	8.3%	US$59.7b
D Dominion Energy	21.4x	10.9%	US$48.8b
TAQA Abu Dhabi National Energy Company PJSC	41.5x	n/a	د.إ318.2b

Price-To-Earnings vs Peers: TAQA is expensive based on its Price-To-Earnings Ratio (41.5x) compared to the peer average (21.9x).

Price to Earnings Ratio vs Industry

How does TAQA's PE Ratio compare vs other companies in the Global Integrated Utilities Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: TAQA is expensive based on its Price-To-Earnings Ratio (41.5x) compared to the Global Integrated Utilities industry average (17.5x).

Price to Earnings Ratio vs Fair Ratio

What is TAQA'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.

TAQA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	41.5x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate TAQA'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?

The above table shows the analyst TAQA forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	د.إ2.83	د.إ2.32 -18.1%	24.4%	د.إ2.90	د.إ1.55	n/a	3
Nov ’25	د.إ2.83	د.إ2.72 -3.8%	32.9%	د.إ3.72	د.إ1.55	n/a	3
Oct ’25	د.إ2.90	د.إ2.03 -30.2%	23.5%	د.إ2.50	د.إ1.55	n/a	2
Sep ’25	د.إ2.53	د.إ1.96 -22.5%	20.9%	د.إ2.37	د.إ1.55	n/a	2
Aug ’25	د.إ2.72	د.إ2.55 -6.4%	35.1%	د.إ3.72	د.إ1.55	n/a	3
Jul ’25	د.إ2.93	د.إ2.55 -13.1%	35.1%	د.إ3.72	د.إ1.55	n/a	3
Jun ’25	د.إ2.60	د.إ2.55 -2.1%	35.1%	د.إ3.72	د.إ1.55	n/a	3
May ’25	د.إ2.77	د.إ2.53 -8.7%	36.1%	د.إ3.72	د.إ1.50	n/a	3
Apr ’25	د.إ3.05	د.إ2.53 -17.0%	36.1%	د.إ3.72	د.إ1.50	n/a	3
Mar ’25	د.إ3.09	د.إ2.53 -18.1%	36.1%	د.إ3.72	د.إ1.50	n/a	3
Feb ’25	د.إ3.15	د.إ2.71 -14.0%	33.8%	د.إ3.72	د.إ1.50	n/a	3
Jan ’25	د.إ3.50	د.إ2.71 -22.6%	33.8%	د.إ3.72	د.إ1.50	n/a	3
Dec ’24	د.إ3.17	د.إ2.61 -17.7%	42.5%	د.إ3.72	د.إ1.50	n/a	2
Nov ’24	د.إ3.06	د.إ2.61 -14.7%	42.5%	د.إ3.72	د.إ1.50	د.إ2.83	2
Oct ’24	د.إ3.50	د.إ2.61 -25.4%	42.5%	د.إ3.72	د.إ1.50	د.إ2.90	2
Sep ’24	د.إ3.45	د.إ2.61 -24.3%	42.5%	د.إ3.72	د.إ1.50	د.إ2.53	2
Aug ’24	د.إ3.23	د.إ2.45 -24.1%	38.8%	د.إ3.40	د.إ1.50	د.إ2.72	2
Jul ’24	د.إ3.53	د.إ2.45 -30.6%	38.8%	د.إ3.40	د.إ1.50	د.إ2.93	2
Jun ’24	د.إ3.00	د.إ2.45 -18.3%	38.8%	د.إ3.40	د.إ1.50	د.إ2.60	2
May ’24	د.إ3.21	د.إ2.36 -26.5%	44.1%	د.إ3.40	د.إ1.32	د.إ2.77	2
Apr ’24	د.إ3.49	د.إ2.36 -32.4%	44.1%	د.إ3.40	د.إ1.32	د.إ3.05	2
Mar ’24	د.إ3.37	د.إ2.36 -30.0%	44.1%	د.إ3.40	د.إ1.32	د.إ3.09	2
Feb ’24	د.إ3.15	د.إ2.36 -25.1%	44.1%	د.إ3.40	د.إ1.32	د.إ3.15	2
Jan ’24	د.إ3.43	د.إ2.07 -39.6%	45.4%	د.إ3.40	د.إ1.32	د.إ3.50	3
Dec ’23	د.إ3.49	د.إ1.41 -59.6%	6.4%	د.إ1.50	د.إ1.32	د.إ3.17	2
Nov ’23	د.إ3.68	د.إ1.57 -57.2%	15.4%	د.إ1.90	د.إ1.32	د.إ3.06	3

Analyst Forecast: Target price is lower than the current share price.