Almarai Valuation
Is 2280 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation 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 2280 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 2280 (SAR58) is trading below our estimate of fair value (SAR88.79)
Significantly Below Fair Value: 2280 is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 2280?
Key metric: As 2280 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is 2280's PE Ratio? | |
|---|---|
| PE Ratio | 25.7x |
| Earnings | ر.س2.25b |
| Market Cap | ر.س58.00b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 3.3x |
| Enterprise Value/EBITDA | 12.9x |
| PEG Ratio | 1.8x |
Price to Earnings Ratio vs Peers
How does 2280's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 15.7x | ||
2050 Savola Group | 12.4x | 23.2% | ر.س11.1b |
2270 Saudia Dairy & Foodstuff | 20.9x | 8.5% | ر.س10.7b |
2283 First Milling | 13.7x | 11.8% | ر.س3.3b |
2284 Modern Mills | 16x | 7.9% | ر.س3.3b |
2280 Almarai | 25.7x | 13.9% | ر.س58.0b |
Price-To-Earnings vs Peers: 2280 is expensive based on its Price-To-Earnings Ratio (25.7x) compared to the peer average (15.7x).
Price to Earnings Ratio vs Industry
How does 2280's PE Ratio compare vs other companies in the Asian Food Industry?
| 27 Companies | Price / Earnings | Estimated Growth | Market Cap |
|---|---|---|---|
| 27 Companies | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Earnings vs Industry: 2280 is expensive based on its Price-To-Earnings Ratio (25.7x) compared to the Asian Food industry average (17x).
Price to Earnings Ratio vs Fair Ratio
What is 2280'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 25.7x |
| Fair PE Ratio | 25.9x |
Price-To-Earnings vs Fair Ratio: 2280 is good value based on its Price-To-Earnings Ratio (25.7x) compared to the estimated Fair Price-To-Earnings Ratio (25.9x).
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.س58.00 | ر.س66.93 +15.4% | 5.7% | ر.س71.50 | ر.س60.00 | n/a | 13 |
| Dec ’25 | ر.س57.00 | ر.س66.93 +17.4% | 5.7% | ر.س71.50 | ر.س60.00 | n/a | 13 |
| Nov ’25 | ر.س55.10 | ر.س65.88 +19.6% | 5.7% | ر.س71.50 | ر.س60.00 | n/a | 14 |
| Oct ’25 | ر.س55.70 | ر.س65.71 +18.0% | 5.1% | ر.س71.50 | ر.س61.90 | n/a | 13 |
| Sep ’25 | ر.س54.00 | ر.س65.71 +21.7% | 5.1% | ر.س71.50 | ر.س61.90 | n/a | 13 |
| Aug ’25 | ر.س59.90 | ر.س65.13 +8.7% | 5.8% | ر.س71.50 | ر.س58.00 | n/a | 14 |
| Jul ’25 | ر.س56.90 | ر.س64.70 +13.7% | 5.8% | ر.س71.00 | ر.س58.00 | n/a | 14 |
| Jun ’25 | ر.س52.30 | ر.س64.70 +23.7% | 5.8% | ر.س71.00 | ر.س58.00 | n/a | 14 |
| May ’25 | ر.س56.20 | ر.س63.62 +13.2% | 6.6% | ر.س71.00 | ر.س55.00 | n/a | 14 |
| Apr ’25 | ر.س57.00 | ر.س63.41 +11.2% | 6.6% | ر.س71.00 | ر.س55.00 | n/a | 14 |
| Mar ’25 | ر.س58.80 | ر.س63.38 +7.8% | 6.6% | ر.س71.00 | ر.س55.00 | n/a | 14 |
| Feb ’25 | ر.س57.10 | ر.س64.27 +12.5% | 6.8% | ر.س71.00 | ر.س55.00 | n/a | 14 |
| Jan ’25 | ر.س55.50 | ر.س63.55 +14.5% | 7.2% | ر.س73.00 | ر.س54.00 | n/a | 14 |
| Dec ’24 | ر.س55.80 | ر.س63.55 +13.9% | 7.2% | ر.س73.00 | ر.س54.00 | ر.س57.00 | 14 |
| Nov ’24 | ر.س55.20 | ر.س63.78 +15.5% | 7.0% | ر.س73.00 | ر.س54.00 | ر.س55.10 | 15 |
| Oct ’24 | ر.س63.40 | ر.س64.50 +1.7% | 7.0% | ر.س73.00 | ر.س54.00 | ر.س55.70 | 13 |
| Sep ’24 | ر.س63.40 | ر.س62.48 -1.4% | 7.4% | ر.س73.00 | ر.س54.00 | ر.س54.00 | 13 |
| Aug ’24 | ر.س67.60 | ر.س62.48 -7.6% | 7.4% | ر.س73.00 | ر.س54.00 | ر.س59.90 | 13 |
| Jul ’24 | n/a | ر.س60.11 0% | 8.5% | ر.س68.00 | ر.س50.00 | ر.س56.90 | 14 |
| Jun ’24 | ر.س54.50 | ر.س58.69 +7.7% | 8.9% | ر.س68.00 | ر.س50.00 | ر.س52.30 | 14 |
| May ’24 | ر.س58.00 | ر.س57.72 -0.5% | 8.6% | ر.س66.00 | ر.س50.00 | ر.س56.20 | 14 |
| Apr ’24 | ر.س56.40 | ر.س56.01 -0.7% | 9.8% | ر.س66.00 | ر.س47.00 | ر.س57.00 | 14 |
| Mar ’24 | ر.س53.40 | ر.س56.01 +4.9% | 9.8% | ر.س66.00 | ر.س47.00 | ر.س58.80 | 14 |
| Feb ’24 | ر.س55.60 | ر.س55.21 -0.7% | 9.8% | ر.س66.00 | ر.س47.00 | ر.س57.10 | 14 |
| Jan ’24 | ر.س53.50 | ر.س54.86 +2.5% | 9.1% | ر.س64.00 | ر.س47.00 | ر.س55.50 | 14 |
| Dec ’23 | ر.س53.40 | ر.س54.90 +2.8% | 9.0% | ر.س64.00 | ر.س47.00 | ر.س55.80 | 14 |
Analyst Forecast: Target price is less than 20% higher than the current share price.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 09:06 |
| End of Day Share Price | 2024/12/19 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 |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* 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
Almarai Company is covered by 28 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.
| Analyst | Institution |
|---|---|
| Talha Nazar ul Haque | Aljazira Capital Company |
| Jassim Al-Jubran | Aljazira Capital Company |
| Kais Kriaa | AlphaMena |