Sembcorp Industries Ltd

DB:SBOA Stock Report

Market Cap: €7.0b

Sembcorp Industries Valuation

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

Valuation Score

6/6

Valuation Score 6/6

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

Below Fair Value: SBOA (€3.84) is trading below our estimate of fair value (€23.41)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for SBOA. This is calculated by dividing SBOA's market cap by their current earnings.
What is SBOA's PE Ratio?
PE Ratio10.4x
EarningsS$952.00m
Market CapS$9.86b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SBOA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.5x
MVV1 MVV Energie
11.1xn/a€2.0b
MNV6 Mainova
32.6xn/a€1.9b
EOAN E.ON
16.7x9.2%€30.0b
WWG Gelsenwasser
13.6xn/a€1.8b
SBOA Sembcorp Industries
10.4x4.6%€9.9b

Price-To-Earnings vs Peers: SBOA is good value based on its Price-To-Earnings Ratio (10.4x) compared to the peer average (18.5x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
SBOA 10.4xIndustry Avg. 16.7xNo. of Companies8PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SBOA is good value based on its Price-To-Earnings Ratio (10.4x) compared to the Global Integrated Utilities industry average (16.4x).

Price to Earnings Ratio vs Fair Ratio

What is SBOA'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.

SBOA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.4x
Fair PE Ratio19.3x

Price-To-Earnings vs Fair Ratio: SBOA is good value based on its Price-To-Earnings Ratio (10.4x) compared to the estimated Fair Price-To-Earnings Ratio (19.3x).

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 SBOA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€3.84
€4.85
+26.3%
7.9%€5.29€4.03n/a11
Dec ’25€3.60
€4.81
+33.5%
8.3%€5.26€4.01n/a11
Nov ’25€3.40
€4.69
+38.0%
10.5%€5.18€3.47n/a11
Oct ’25€3.80
€4.69
+23.5%
10.5%€5.18€3.47n/a11
Sep ’25€3.32
€4.63
+39.5%
11.5%€5.15€3.44n/a11
Aug ’25€3.22
€4.64
+44.0%
9.8%€5.14€3.43n/a12
Jul ’25€3.26
€4.64
+42.2%
9.8%€5.14€3.43n/a12
Jun ’25€3.46
€4.67
+35.0%
9.8%€5.15€3.44n/a12
May ’25€3.64
€4.67
+28.3%
9.8%€5.15€3.44n/a12
Apr ’25€3.66
€4.67
+27.6%
9.8%€5.15€3.44n/a12
Mar ’25€3.44
€4.67
+35.7%
9.8%€5.15€3.44n/a12
Feb ’25€3.80
€4.65
+22.4%
11.6%€5.10€3.10n/a12
Jan ’25€3.58
€4.56
+27.4%
11.3%€4.97€3.10€3.8412
Dec ’24€3.48
€4.51
+29.7%
11.3%€4.92€3.07€3.6012
Nov ’24€3.26
€4.59
+40.8%
11.2%€4.98€3.11€3.4012
Oct ’24€3.48
€4.59
+31.9%
11.2%€4.98€3.11€3.8012
Sep ’24€3.60
€4.47
+24.2%
11.6%€4.88€3.05€3.3211
Aug ’24€3.76
€3.90
+3.7%
16.2%€4.76€2.90€3.2211
Jul ’24€3.84
€3.73
-2.9%
15.3%€4.55€2.92€3.2610
Jun ’24€3.50
€3.33
-4.7%
9.5%€4.13€2.97€3.4610
May ’24€2.88
€3.14
+8.9%
6.5%€3.48€2.80€3.6411
Apr ’24€3.00
€3.11
+3.7%
8.2%€3.55€2.55€3.6611
Mar ’24€2.54
€3.14
+23.7%
8.2%€3.60€2.59€3.4411
Feb ’24€2.48
€2.88
+16.2%
9.6%€3.59€2.58€3.8010
Jan ’24€2.36
€2.86
+21.2%
7.6%€3.36€2.58€3.5810

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 Analysis2025/01/02 10:21
End of Day Share Price 2025/01/02 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Sembcorp Industries Ltd is covered by 37 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Glenford TanBNP Paribas Securities (Asia)
Nathan GeeBofA Global Research
Pavel MolchanovCGS International