Saudi Tadawul Group Holding Valuation

Is 1111 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 1111 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow

Simply Wall St

ر.س6.27

Fair Value

3.2k% overvalued

Number of Analysts

Below Fair Value: 1111 (SAR209.8) is trading above our estimate of fair value (SAR6.27)

Significantly Below Fair Value: 1111 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1111?

Key metric: As 1111 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 1111. This is calculated by dividing 1111's market cap by their current earnings.
What is 1111's PE Ratio?
PE Ratio	42.1x
Earnings	ر.س597.47m
Market Cap	ر.س25.18b

1111 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	16x
Enterprise Value/EBITDA	43.2x
PEG Ratio	3.4x

Price to Earnings Ratio vs Peers

How does 1111's PE Ratio compare to its peers?

The above table shows the PE ratio for 1111 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	25.2x
4280 Kingdom Holding	27.7x	3.9%	ر.س36.7b
MKTX MarketAxess Holdings	29.5x	10.2%	US$8.3b
4083 United International Holding	21.6x	14.5%	ر.س4.6b
S68 Singapore Exchange	22.2x	4.2%	S$13.3b
1111 Saudi Tadawul Group Holding	42.1x	12.5%	ر.س25.2b

Price-To-Earnings vs Peers: 1111 is expensive based on its Price-To-Earnings Ratio (42.1x) compared to the peer average (25.3x).

Price to Earnings Ratio vs Industry

How does 1111's PE Ratio compare vs other companies in the Asian Capital Markets Industry?

42 Companies	Price / Earnings	Estimated Growth	Market Cap

42 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 1111 is expensive based on its Price-To-Earnings Ratio (42.1x) compared to the Asian Capital Markets industry average (17x).

Price to Earnings Ratio vs Fair Ratio

What is 1111'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.

1111 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	42.1x
Fair PE Ratio	35.1x

Price-To-Earnings vs Fair Ratio: 1111 is expensive based on its Price-To-Earnings Ratio (42.1x) compared to the estimated Fair Price-To-Earnings Ratio (35.1x).

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 1111 forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	ر.س209.80	ر.س233.16 +11.1%	4.1%	ر.س247.70	ر.س220.00	n/a	5
Jan ’26	ر.س216.80	ر.س224.63 +3.6%	12.2%	ر.س247.70	ر.س167.00	n/a	6
Dec ’25	ر.س217.40	ر.س226.30 +4.1%	12.1%	ر.س247.70	ر.س167.00	n/a	6
Nov ’25	ر.س238.80	ر.س226.30 -5.2%	12.1%	ر.س247.70	ر.س167.00	n/a	6
Oct ’25	ر.س236.40	ر.س225.47 -4.6%	11.9%	ر.س247.70	ر.س167.00	n/a	6
Sep ’25	ر.س244.00	ر.س221.83 -9.1%	10.9%	ر.س247.70	ر.س167.00	n/a	7
Aug ’25	ر.س230.20	ر.س222.39 -3.4%	12.0%	ر.س261.60	ر.س167.00	n/a	7
Jul ’25	ر.س238.00	ر.س220.24 -7.5%	12.9%	ر.س261.60	ر.س162.00	n/a	7
Jun ’25	ر.س235.40	ر.س219.53 -6.7%	13.0%	ر.س261.60	ر.س162.00	n/a	7
May ’25	ر.س260.00	ر.س217.24 -16.4%	13.5%	ر.س261.60	ر.س162.00	n/a	7
Apr ’25	ر.س268.00	ر.س201.06 -25.0%	17.9%	ر.س261.60	ر.س152.80	n/a	7
Mar ’25	ر.س242.00	ر.س157.43 -34.9%	19.4%	ر.س197.60	ر.س109.00	n/a	6
Feb ’25	ر.س212.40	ر.س157.43 -25.9%	19.4%	ر.س197.60	ر.س109.00	ر.س210.60	6
Jan ’25	ر.س191.80	ر.س160.42 -16.4%	10.4%	ر.س182.00	ر.س131.00	ر.س216.80	6
Dec ’24	ر.س182.80	ر.س157.50 -13.8%	10.7%	ر.س182.00	ر.س131.00	ر.س217.40	5
Nov ’24	ر.س168.00	ر.س158.10 -5.9%	11.2%	ر.س185.00	ر.س131.00	ر.س238.80	5
Oct ’24	ر.س191.40	ر.س160.10 -16.4%	10.8%	ر.س185.00	ر.س131.00	ر.س236.40	5
Sep ’24	ر.س198.00	ر.س160.10 -19.1%	10.8%	ر.س185.00	ر.س131.00	ر.س244.00	5
Aug ’24	ر.س201.80	ر.س158.70 -21.4%	12.4%	ر.س185.00	ر.س124.00	ر.س230.20	5
Jul ’24	n/a	ر.س151.30 0%	14.6%	ر.س185.00	ر.س124.00	ر.س238.00	5
Jun ’24	ر.س161.20	ر.س150.50 -6.6%	14.3%	ر.س185.00	ر.س124.00	ر.س235.40	5
May ’24	ر.س167.20	ر.س150.50 -10.0%	14.3%	ر.س185.00	ر.س124.00	ر.س260.00	5
Apr ’24	ر.س144.40	ر.س164.40 +13.9%	17.5%	ر.س207.00	ر.س124.00	ر.س268.00	5
Mar ’24	ر.س141.40	ر.س177.80 +25.7%	12.8%	ر.س207.00	ر.س151.00	ر.س242.00	5
Feb ’24	ر.س162.20	ر.س179.80 +10.9%	13.4%	ر.س207.00	ر.س151.00	ر.س212.40	5

Analyst Price Target

Consensus Narrative from 5 Analysts

ر.س233.16

Fair Value

10.0% undervalued

Number of Analysts

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

Discover undervalued companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/02/03 20:58
End of Day Share Price	2025/02/03 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

Saudi Tadawul Group Holding Company is covered by 11 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
null null	Aljazira Capital Company
Danish Kazmi	Al Rajhi Capital
Jaap Meijer	Arqaam Capital Research Offshore S.A.L.