Alinma Bank

SASE:1150 Stock Report

Market Cap: ر.س72.3b

Alinma Bank Valuation

Is 1150 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • 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 1150 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1150 (SAR28.9) is trading above our estimate of fair value (SAR7.57)

Significantly Below Fair Value: 1150 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1150?

Key metric: As 1150 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 1150. This is calculated by dividing 1150's market cap by their current earnings.
What is 1150's PE Ratio?
PE Ratio13.6x
Earningsر.س5.30b
Market Capر.س72.25b

Price to Earnings Ratio vs Peers

How does 1150's PE Ratio compare to its peers?

The above table shows the PE ratio for 1150 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.7x
1060 Saudi Awwal Bank
9.2x7.0%ر.س69.3b
1010 Riyad Bank
9.8x5.9%ر.س85.2b
1080 Arab National Bank
9.1x3.8%ر.س41.8b
1140 Bank Albilad
18.7x12.3%ر.س48.3b
1150 Alinma Bank
13.6x11.0%ر.س72.3b

Price-To-Earnings vs Peers: 1150 is expensive based on its Price-To-Earnings Ratio (13.6x) compared to the peer average (11.7x).

Price to Earnings Ratio vs Industry

How does 1150's PE Ratio compare vs other companies in the Asian Banks Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
1150 13.6xIndustry Avg. 9.0xNo. of Companies79PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 1150 is expensive based on its Price-To-Earnings Ratio (13.6x) compared to the Asian Banks industry average (9x).

Price to Earnings Ratio vs Fair Ratio

What is 1150'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.

1150 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.6x
Fair PE Ratio12x

Price-To-Earnings vs Fair Ratio: 1150 is expensive based on its Price-To-Earnings Ratio (13.6x) compared to the estimated Fair Price-To-Earnings Ratio (12x).

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 1150 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentر.س28.95
ر.س34.07
+17.7%
7.2%ر.س39.00ر.س30.00n/a16
Dec ’25ر.س27.75
ر.س34.07
+22.8%
7.2%ر.س39.00ر.س30.00n/a16
Nov ’25ر.س28.10
ر.س34.36
+22.3%
6.6%ر.س39.00ر.س30.00n/a16
Oct ’25ر.س28.75
ر.س34.27
+19.2%
5.9%ر.س37.00ر.س30.00n/a16
Sep ’25ر.س31.65
ر.س34.49
+9.0%
6.3%ر.س38.00ر.س30.00n/a16
Aug ’25ر.س32.10
ر.س34.70
+8.1%
6.1%ر.س39.00ر.س30.00n/a16
Jul ’25ر.س31.00
ر.س34.87
+12.5%
6.4%ر.س39.00ر.س30.00n/a16
Jun ’25ر.س30.60
ر.س34.87
+14.0%
6.4%ر.س39.00ر.س30.00n/a16
May ’25ر.س32.60
ر.س35.73
+9.6%
8.5%ر.س43.00ر.س30.00n/a15
Apr ’25ر.س33.60
ر.س34.39
+2.3%
8.9%ر.س39.20ر.س28.00n/a15
Mar ’25ر.س35.16
ر.س32.46
-7.7%
10.9%ر.س37.60ر.س25.20n/a14
Feb ’25ر.س33.76
ر.س31.11
-7.9%
10.8%ر.س38.00ر.س25.20n/a13
Jan ’25ر.س31.92
ر.س29.71
-6.9%
10.3%ر.س33.36ر.س23.20n/a12
Dec ’24ر.س28.64
ر.س29.31
+2.3%
10.5%ر.س33.36ر.س23.20ر.س27.7512
Nov ’24ر.س27.64
ر.س28.89
+4.5%
10.0%ر.س33.36ر.س24.64ر.س28.1012
Oct ’24ر.س26.92
ر.س29.29
+8.8%
9.6%ر.س33.36ر.س24.64ر.س28.7511
Sep ’24ر.س29.52
ر.س28.97
-1.9%
9.3%ر.س33.36ر.س22.80ر.س31.6512
Aug ’24ر.س29.52
ر.س28.27
-4.2%
9.0%ر.س32.00ر.س22.80ر.س32.1011
Jul ’24n/a
ر.س28.73
0%
8.6%ر.س32.00ر.س22.80ر.س31.0011
Jun ’24ر.س25.64
ر.س28.60
+11.5%
10.5%ر.س32.00ر.س20.32ر.س30.6011
May ’24ر.س25.84
ر.س29.55
+14.3%
11.9%ر.س34.40ر.س20.32ر.س32.6012
Apr ’24ر.س23.56
ر.س29.88
+26.8%
13.0%ر.س34.88ر.س20.32ر.س33.6011
Mar ’24ر.س23.28
ر.س30.74
+32.1%
14.3%ر.س36.00ر.س20.32ر.س35.1610
Feb ’24ر.س26.36
ر.س31.30
+18.8%
13.9%ر.س36.00ر.س20.32ر.س33.7610
Jan ’24ر.س26.08
ر.س31.66
+21.4%
14.4%ر.س36.00ر.س20.32ر.س31.929
Dec ’23ر.س27.04
ر.س31.73
+17.4%
11.3%ر.س36.00ر.س23.36ر.س28.649

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/31 15:06
End of Day Share Price 2024/12/31 00:00
Earnings2024/09/30
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

Alinma Bank is covered by 23 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Fahad QureshiAljazira Capital Company
Jassim Al-JubranAljazira Capital Company
Jaap MeijerArqaam Capital Research Offshore S.A.L.