Aluminium Bahrain B.S.C.

BAX:ALBH Stock Report

Market Cap: ب.د2.0b

Aluminium Bahrain B.S.C Valuation

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

Below Fair Value: ALBH (BHD1.38) is trading below our estimate of fair value (BHD2.61)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ALBH. This is calculated by dividing ALBH's market cap by their current earnings.
What is ALBH's PE Ratio?
PE Ratio11.4x
Earningsب.د170.87m
Market Capب.د1.95b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ALBH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.3x
002532 Tianshan Aluminum GroupLtd
10.2x13.0%CN¥37.1b
NATIONALUM National Aluminium
15.2x14.2%₹471.7b
600219 Shandong Nanshan AluminiumLtd
9.7x2.4%CN¥46.6b
486 United Company RUSAL International
14.3x100.1%HK$47.6b
ALBH Aluminium Bahrain B.S.C
11.4x11.6%ب.د2.0b

Price-To-Earnings vs Peers: ALBH is good value based on its Price-To-Earnings Ratio (11.4x) compared to the peer average (12.3x).

Price to Earnings Ratio vs Industry

How does ALBH's PE Ratio compare vs other companies in the Asian Metals and Mining Industry?

27 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ALBH 11.4xIndustry Avg. 19.4xNo. of Companies96PE01632486480+
27 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ALBH is good value based on its Price-To-Earnings Ratio (11.4x) compared to the Asian Metals and Mining industry average (19.4x).

Price to Earnings Ratio vs Fair Ratio

What is ALBH'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.

ALBH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ALBH'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 ALBH forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentب.د1.38
ب.د1.53
+10.5%
1.6%ب.د1.55ب.د1.50n/a4
Nov ’25ب.د1.33
ب.د1.48
+10.9%
7.0%ب.د1.55ب.د1.30n/a4
Oct ’25ب.د1.26
ب.د1.48
+17.5%
7.0%ب.د1.55ب.د1.30n/a4
Sep ’25ب.د1.09
ب.د1.47
+34.6%
8.0%ب.د1.55ب.د1.30n/a3
Aug ’25ب.د1.07
ب.د1.47
+37.1%
8.0%ب.د1.55ب.د1.30n/a3
Jul ’25ب.د1.17
ب.د1.47
+25.9%
8.0%ب.د1.55ب.د1.30n/a3
Jun ’25ب.د1.20
ب.د1.45
+20.8%
10.1%ب.د1.55ب.د1.20n/a4
May ’25ب.د1.26
ب.د1.40
+11.1%
9.8%ب.د1.55ب.د1.20n/a4
Apr ’25ب.د1.24
ب.د1.40
+13.4%
9.8%ب.د1.55ب.د1.20n/a4
Mar ’25ب.د1.15
ب.د1.40
+21.7%
9.8%ب.د1.55ب.د1.20n/a4
Feb ’25ب.د1.38
ب.د1.41
+2.4%
10.7%ب.د1.60ب.د1.20n/a4
Jan ’25ب.د1.15
ب.د1.41
+23.4%
10.7%ب.د1.60ب.د1.20n/a4
Dec ’24ب.د1.08
ب.د1.41
+30.8%
10.7%ب.د1.60ب.د1.20n/a4
Nov ’24ب.د1.08
ب.د1.41
+30.8%
10.7%ب.د1.60ب.د1.20ب.د1.334
Oct ’24ب.د1.10
ب.د1.41
+28.9%
10.7%ب.د1.60ب.د1.20ب.د1.264
Sep ’24ب.د1.12
ب.د1.41
+26.1%
10.7%ب.د1.60ب.د1.20ب.د1.094
Aug ’24ب.د1.12
ب.د1.36
+21.5%
8.1%ب.د1.50ب.د1.20ب.د1.074
Jul ’24ب.د1.09
ب.د1.36
+24.8%
8.1%ب.د1.50ب.د1.20ب.د1.174
Jun ’24ب.د1.10
ب.د1.38
+25.5%
9.2%ب.د1.50ب.د1.20ب.د1.204
May ’24ب.د1.04
ب.د1.39
+33.9%
8.4%ب.د1.50ب.د1.20ب.د1.264
Apr ’24ب.د1.02
ب.د1.42
+38.8%
8.9%ب.د1.50ب.د1.20ب.د1.244
Mar ’24ب.د1.20
ب.د1.42
+18.1%
8.9%ب.د1.50ب.د1.20ب.د1.154
Feb ’24ب.د1.20
ب.د1.41
+17.1%
9.2%ب.د1.55ب.د1.20ب.د1.384
Jan ’24ب.د1.09
ب.د1.38
+26.9%
10.4%ب.د1.55ب.د1.20ب.د1.153
Dec ’23ب.د1.01
ب.د1.53
+50.9%
6.7%ب.د1.65ب.د1.35ب.د1.085
Nov ’23ب.د1.00
ب.د1.53
+52.5%
6.7%ب.د1.65ب.د1.35ب.د1.085

Analyst Forecast: Target price is less than 20% higher than the current share price.

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