Qatar Fuel Company Q.P.S.C. ("WOQOD")

DSM:QFLS Stock Report

Market Cap: ر.ق14.7b

Qatar Fuel Company Q.P.S.C. (WOQOD) Valuation

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

Valuation Score

1/6

Valuation Score 1/6

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

Below Fair Value: QFLS (QAR15.2) is trading above our estimate of fair value (QAR9.92)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for QFLS. This is calculated by dividing QFLS's market cap by their current earnings.
What is QFLS's PE Ratio?
PE Ratio14.5x
Earningsر.ق1.04b
Market Capر.ق14.73b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for QFLS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.6x
QGTS Qatar Gas Transport Company Limited (Nakilat) (QPSC)
14.2x10.0%ر.ق23.4b
GISS Gulf International Services Q.P.S.C
9.8x13.9%ر.ق5.7b
PKI Parkland
24.4x33.4%CA$5.9b
500109 Mangalore Refinery and Petrochemicals
30.1x53.1%₹276.1b
QFLS Qatar Fuel Company Q.P.S.C. (WOQOD)
14.5x4.3%ر.ق14.7b

Price-To-Earnings vs Peers: QFLS is good value based on its Price-To-Earnings Ratio (14.5x) compared to the peer average (19.6x).

Price to Earnings Ratio vs Industry

How does QFLS's PE Ratio compare vs other companies in the Asian Oil and Gas Industry?

8 CompaniesPrice / EarningsEstimated GrowthMarket Cap
QFLS 14.5xIndustry Avg. 10.5xNo. of Companies37PE0816243240+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: QFLS is expensive based on its Price-To-Earnings Ratio (14.5x) compared to the Asian Oil and Gas industry average (10.5x).

Price to Earnings Ratio vs Fair Ratio

What is QFLS'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.

QFLS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.5x
Fair PE Ratio10.9x

Price-To-Earnings vs Fair Ratio: QFLS is expensive based on its Price-To-Earnings Ratio (14.5x) compared to the estimated Fair Price-To-Earnings Ratio (10.9x).

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 QFLS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentر.ق15.20
ر.ق18.23
+19.9%
2.1%ر.ق18.59ر.ق17.70n/a3
Nov ’25ر.ق15.33
ر.ق18.27
+19.1%
0.7%ر.ق18.40ر.ق18.13n/a2
Oct ’25ر.ق15.31
ر.ق18.27
+19.3%
0.7%ر.ق18.40ر.ق18.13n/a2
Sep ’25ر.ق14.70
ر.ق18.27
+24.3%
0.7%ر.ق18.40ر.ق18.13n/a2
Aug ’25ر.ق14.82
ر.ق18.27
+23.2%
0.7%ر.ق18.40ر.ق18.13n/a2
Jul ’25ر.ق15.05
ر.ق18.27
+21.4%
0.7%ر.ق18.40ر.ق18.13n/a2
Jun ’25ر.ق13.45
ر.ق18.27
+35.8%
0.7%ر.ق18.40ر.ق18.13n/a2
May ’25ر.ق14.40
ر.ق18.05
+25.3%
2.0%ر.ق18.40ر.ق17.69n/a2
Apr ’25ر.ق14.71
ر.ق18.05
+22.7%
2.0%ر.ق18.40ر.ق17.69n/a2
Mar ’25ر.ق14.96
ر.ق18.05
+20.6%
2.0%ر.ق18.40ر.ق17.69n/a2
Feb ’25ر.ق15.88
ر.ق18.05
+13.6%
2.0%ر.ق18.40ر.ق17.69n/a2
Jan ’25ر.ق16.58
ر.ق18.05
+8.8%
2.0%ر.ق18.40ر.ق17.69n/a2
Dec ’24ر.ق15.92
ر.ق18.05
+13.3%
2.0%ر.ق18.40ر.ق17.69n/a2
Nov ’24ر.ق14.75
ر.ق18.05
+22.3%
2.0%ر.ق18.40ر.ق17.69ر.ق15.332

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

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