Damaan Islamic Insurance Company Beema (Q.P.S.C.) Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: BEMA (QAR3.95) is trading below our estimate of fair value (QAR4.31)

Significantly Below Fair Value: BEMA is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for BEMA. This is calculated by dividing BEMA's market cap by their current earnings.
What is BEMA's PE Ratio?
PE Ratio	7.9x
Earnings	ر.ق100.16m
Market Cap	ر.ق790.00m

BEMA 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	5.4x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for BEMA 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	8.4x
QISI Qatar Islamic Insurance Group Q.P.S.C	8.2x	n/a	ر.ق1.3b
QLMI QLM Life & Medical Insurance Company Q.P.S.C	9.2x	n/a	ر.ق721.0m
AKHI Al Khaleej Takaful Insurance Company Q.P.S.C	8.4x	n/a	ر.ق593.8m
DOHI Doha Insurance Group Q.P.S.C	7.8x	n/a	ر.ق1.3b
BEMA Damaan Islamic Insurance Company Beema (Q.P.S.C.)	7.9x	n/a	ر.ق790.0m

Price-To-Earnings vs Peers: BEMA is good value based on its Price-To-Earnings Ratio (7.9x) compared to the peer average (8.4x).

Price to Earnings Ratio vs Industry

How does BEMA's PE Ratio compare vs other companies in the Asian Insurance Industry?

7 Companies	Price / Earnings	Estimated Growth	Market Cap

7 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: BEMA is good value based on its Price-To-Earnings Ratio (7.9x) compared to the Asian Insurance industry average (10.8x).

Price to Earnings Ratio vs Fair Ratio

What is BEMA'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.

BEMA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	7.9x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate BEMA'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.