Rabigh Refining and Petrochemical Valuation
Is 2380 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
4/6Valuation Score 4/6
Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of 2380 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 2380 (SAR7.44) is trading below our estimate of fair value (SAR7.63)
Significantly Below Fair Value: 2380 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 2380?
Other financial metrics that can be useful for relative valuation.
| What is 2380's n/a Ratio? | |
|---|---|
| n/a | 0x |
| n/a | n/a |
| Market Cap | ر.س12.40b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 1.1x |
| Enterprise Value/EBITDA | 233.9x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does 2380's PS Ratio compare to its peers?
| Company | Forward PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 3.1x | ||
4200 Aldrees Petroleum and Transport Services | 0.9x | 11.6% | ر.س12.9b |
4030 National Shipping Company of Saudi Arabia | 2.3x | n/a | ر.س20.2b |
2381 Arabian Drilling | 3.9x | 10.9% | ر.س13.8b |
2382 ADES Holding | 5.1x | 12.5% | ر.س22.0b |
2380 Rabigh Refining and Petrochemical | 0.3x | 6.3% | ر.س12.4b |
Price-To-Sales vs Peers: 2380 is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (3.1x).
Price to Earnings Ratio vs Industry
How does 2380's PE Ratio compare vs other companies in the Asian Oil and Gas Industry?
Price-To-Sales vs Industry: 2380 is good value based on its Price-To-Sales Ratio (0.3x) compared to the Asian Oil and Gas industry average (0.8x).
Price to Sales Ratio vs Fair Ratio
What is 2380's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 0.3x |
| Fair PS Ratio | 0.9x |
Price-To-Sales vs Fair Ratio: 2380 is good value based on its Price-To-Sales Ratio (0.3x) compared to the estimated Fair Price-To-Sales Ratio (0.9x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | ر.س7.44 | ر.س7.25 -2.6% | 3.5% | ر.س7.50 | ر.س6.99 | n/a | 2 |
| Apr ’25 | ر.س7.42 | ر.س7.77 +4.6% | 3.4% | ر.س8.03 | ر.س7.50 | n/a | 2 |
| Mar ’25 | ر.س8.27 | ر.س7.77 -6.1% | 3.4% | ر.س8.03 | ر.س7.50 | n/a | 2 |
| Feb ’25 | ر.س9.09 | ر.س8.02 -11.8% | 0.2% | ر.س8.03 | ر.س8.00 | n/a | 2 |
| Jan ’25 | ر.س10.38 | ر.س8.10 -22.0% | 1.2% | ر.س8.19 | ر.س8.00 | n/a | 2 |
| Dec ’24 | ر.س10.90 | ر.س8.10 -25.7% | 1.2% | ر.س8.19 | ر.س8.00 | n/a | 2 |
| Nov ’24 | ر.س9.98 | ر.س7.84 -21.5% | 2.1% | ر.س8.00 | ر.س7.67 | n/a | 2 |
| Oct ’24 | ر.س10.76 | ر.س7.88 -26.8% | 1.6% | ر.س8.00 | ر.س7.75 | n/a | 2 |
| Sep ’24 | ر.س10.32 | ر.س7.88 -23.7% | 1.6% | ر.س8.00 | ر.س7.75 | n/a | 2 |
| Aug ’24 | ر.س10.38 | ر.س8.14 -21.6% | 1.7% | ر.س8.27 | ر.س8.00 | n/a | 2 |
| Jul ’24 | n/a | ر.س8.69 0% | 9.1% | ر.س9.80 | ر.س8.00 | n/a | 3 |
| Jun ’24 | ر.س11.12 | ر.س8.69 -21.9% | 9.1% | ر.س9.80 | ر.س8.00 | n/a | 3 |
| May ’24 | ر.س11.18 | ر.س8.90 -20.4% | 8.3% | ر.س9.80 | ر.س8.00 | n/a | 3 |
| Apr ’24 | ر.س10.08 | ر.س9.57 -5.1% | 5.0% | ر.س10.00 | ر.س8.90 | ر.س7.42 | 3 |
| Mar ’24 | ر.س10.20 | ر.س10.93 +7.2% | 13.4% | ر.س13.00 | ر.س9.80 | ر.س8.27 | 3 |
| Feb ’24 | ر.س11.34 | ر.س10.80 -4.8% | 11.8% | ر.س12.60 | ر.س9.80 | ر.س9.09 | 3 |
| Jan ’24 | ر.س10.78 | ر.س10.80 +0.2% | 11.8% | ر.س12.60 | ر.س9.80 | ر.س10.38 | 3 |
| Dec ’23 | ر.س10.58 | ر.س12.70 +20.0% | 17.7% | ر.س15.50 | ر.س10.00 | ر.س10.90 | 3 |
| Nov ’23 | ر.س12.28 | ر.س14.43 +17.5% | 22.7% | ر.س17.80 | ر.س10.00 | ر.س9.98 | 3 |
| Oct ’23 | ر.س13.72 | ر.س19.30 +40.7% | 27.2% | ر.س24.10 | ر.س12.00 | ر.س10.76 | 3 |
| Sep ’23 | ر.س17.26 | ر.س19.20 +11.2% | 27.1% | ر.س24.10 | ر.س12.00 | ر.س10.32 | 3 |
| Aug ’23 | ر.س18.78 | ر.س22.80 +21.4% | 5.7% | ر.س24.10 | ر.س21.50 | ر.س10.38 | 2 |
| Jul ’23 | ر.س17.06 | ر.س25.90 +51.8% | 17.0% | ر.س30.30 | ر.س21.50 | n/a | 2 |
| Jun ’23 | ر.س26.90 | ر.س28.70 +6.7% | 5.6% | ر.س30.30 | ر.س27.10 | ر.س11.12 | 2 |
| May ’23 | ر.س28.80 | ر.س23.80 -17.4% | 38.5% | ر.س32.00 | ر.س11.00 | ر.س11.18 | 3 |
| Apr ’23 | ر.س28.25 | ر.س23.80 -15.8% | 38.5% | ر.س32.00 | ر.س11.00 | ر.س10.08 | 3 |
Analyst Forecast: Target price is lower than the current share price.