Sembcorp Salalah Power & Water Company SAOG Valuation

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

SSPW (OMR0.1) is trading below our estimate of [[fair value]] (OMR0.42)

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

Below Fair Value: SSPW (OMR0.1) is trading below our estimate of fair value (OMR0.42)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for SSPW. This is calculated by dividing SSPW's market cap by their current earnings.
What is SSPW's PE Ratio?
PE Ratio	4.3x
Earnings	ر.ع21.70m
Market Cap	ر.ع92.59m

SSPW 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	1.5x
Enterprise Value/EBITDA	3x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SSPW 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	4.9x
PHPC Phoenix Power Company SAOG	3.7x	n/a	ر.ع83.4m
SUWP Al Suwadi Power Company SAOG	3.8x	n/a	ر.ع57.9m
BATP Al Batinah Power Company SAOG	3.9x	n/a	ر.ع54.7m
MSPW Musandam Power Company SAOG	8x	n/a	ر.ع19.4m
SSPW Sembcorp Salalah Power & Water Company SAOG	4.3x	n/a	ر.ع92.6m

Price-To-Earnings vs Peers: SSPW is good value based on its Price-To-Earnings Ratio (4.3x) compared to the peer average (4.9x).

Price to Earnings Ratio vs Industry

How does SSPW's PE Ratio compare vs other companies in the Asian Renewable Energy Industry?

9 Companies	Price / Earnings	Estimated Growth	Market Cap

9 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: SSPW is good value based on its Price-To-Earnings Ratio (4.3x) compared to the Asian Renewable Energy industry average (14x).

Price to Earnings Ratio vs Fair Ratio

What is SSPW'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.

SSPW PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	4.3x
Fair PE Ratio	n/a

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

Analyst Forecast: Insufficient data to show price forecast.

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