Saudi Arabian Oil Company

SASE:2222 Stock Report

Market Cap: ر.س6.6t

Saudi Arabian Oil Valuation

Is 2222 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of 2222 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: 2222 (SAR27.2) is trading above our estimate of future cash flow value (SAR23.23)

Significantly Below Future Cash Flow Value: 2222 is trading above our estimate of future cash flow value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2222?

Key metric: As 2222 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 2222. This is calculated by dividing 2222's market cap by their current earnings.
What is 2222's PE Ratio?
PE Ratio18.9x
Earningsر.س348.04b
Market Capر.س6.57t

Price to Earnings Ratio vs Peers

How does 2222's PE Ratio compare to its peers?

The above table shows the PE ratio for 2222 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average20x
XOM Exxon Mobil
24x9.31%US$616.3b
CVX Chevron
32.8x10.56%US$366.1b
857 PetroChina
10.6x2.66%HK$2.3t
SHEL Shell
12.6x7.15%UK£174.9b
2222 Saudi Arabian Oil
18.9x4.40%ر.س6.6t

Price-To-Earnings vs Peers: 2222 is good value based on its Price-To-Earnings Ratio (18.9x) compared to the peer average (20.5x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does 2222's PE Ratio compare vs other companies in the Asian Oil and Gas Industry?

12 CompaniesPrice / EarningsEstimated GrowthMarket Cap
2222 18.9xIndustry Avg. 14.3xNo. of Companies54PE01224364860+
12 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 2222 is expensive based on its Price-To-Earnings Ratio (18.9x) compared to the Asian Oil and Gas industry average (14.4x).

Price to Earnings Ratio vs Fair Ratio

What is 2222'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.

2222 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.9x
Fair PE Ratio28.1x

Price-To-Earnings vs Fair Ratio: 2222 is good value based on its Price-To-Earnings Ratio (18.9x) compared to the estimated Fair Price-To-Earnings Ratio (28.1x).

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 2222 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentر.س27.20
ر.س29.60
+8.83%
9.09%ر.س35.00ر.س26.50n/a18
May ’27ر.س27.76
ر.س29.60
+6.63%
9.09%ر.س35.00ر.س26.50n/a18
Apr ’27ر.س27.56
ر.س28.43
+3.15%
8.49%ر.س34.00ر.س25.20n/a18
Mar ’27ر.س25.80
ر.س28.19
+9.26%
7.33%ر.س33.00ر.س25.20n/a18
Feb ’27ر.س25.18
ر.س28.47
+13.05%
7.66%ر.س33.00ر.س25.30n/a20
Jan ’27ر.س23.88
ر.س28.75
+20.41%
7.11%ر.س33.00ر.س25.50n/a19
Dec ’26ر.س24.33
ر.س28.86
+18.61%
7.12%ر.س33.00ر.س25.50n/a19
Nov ’26ر.س25.90
ر.س28.78
+11.12%
8.31%ر.س34.70ر.س25.40n/a19
Oct ’26ر.س24.60
ر.س28.73
+16.77%
8.49%ر.س34.70ر.س25.40n/a19
Sep ’26ر.س23.60
ر.س28.65
+21.39%
8.58%ر.س34.70ر.س25.00n/a19
Aug ’26ر.س24.30
ر.س29.08
+19.67%
8.70%ر.س34.70ر.س25.00n/a19
Jul ’26ر.س24.36
ر.س29.47
+20.99%
7.85%ر.س34.70ر.س25.00n/a19
Jun ’26ر.س24.82
ر.س29.87
+20.34%
7.39%ر.س34.70ر.س25.00n/a20
May ’26ر.س25.20
ر.س30.32
+20.32%
7.18%ر.س35.00ر.س26.50ر.س27.7619
Apr ’26ر.س26.75
ر.س30.66
+14.62%
7.04%ر.س35.00ر.س26.50ر.س27.5619
Mar ’26ر.س27.10
ر.س30.88
+13.93%
7.37%ر.س35.50ر.س26.50ر.س25.8018
Feb ’26ر.س27.80
ر.س30.96
+11.38%
7.37%ر.س35.50ر.س26.50ر.س25.1818
Jan ’26ر.س28.05
ر.س31.17
+11.12%
7.89%ر.س37.00ر.س26.50ر.س23.8819
Dec ’25ر.س27.55
ر.س31.38
+13.90%
8.03%ر.س37.00ر.س26.50ر.س24.3319
Nov ’25ر.س27.00
ر.س32.20
+19.24%
7.37%ر.س37.00ر.س28.02ر.س25.9018
Oct ’25ر.س27.20
ر.س32.59
+19.82%
6.74%ر.س37.00ر.س29.40ر.س24.6017
Sep ’25ر.س27.85
ر.س32.97
+18.39%
7.70%ر.س37.50ر.س29.40ر.س23.6016
Aug ’25ر.س27.50
ر.س33.35
+21.26%
7.55%ر.س37.50ر.س30.00ر.س24.3015
Jul ’25ر.س28.00
ر.س33.69
+20.30%
6.85%ر.س37.50ر.س30.00ر.س24.3615
Jun ’25ر.س29.00
ر.س33.06
+14.01%
5.84%ر.س37.00ر.س30.00ر.س24.8213
May ’25ر.س30.05
ر.س33.59
+11.78%
6.93%ر.س38.00ر.س30.00ر.س25.2015
ر.س29.6
Fair Value
8.1% undervalued intrinsic discount
18
Number of Analysts

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

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/07 08:01
End of Day Share Price 2026/05/07 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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.

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 Github.

Analyst Sources

Saudi Arabian Oil Company is covered by 25 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jassim Al-JubranAljazira Capital Company
Mazen Al-SudairiAl Rajhi Capital
Madhu AppissaAl Rajhi Capital