Tanmiah Food Valuation
Is 2281 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-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 2281 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 2281 (SAR100.6) is trading below our estimate of fair value (SAR244.28)
Significantly Below Fair Value: 2281 is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 2281?
Key metric: As 2281 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is 2281's PE Ratio? | |
|---|---|
| PE Ratio | 21x |
| Earnings | ر.س95.82m |
| Market Cap | ر.س1.99b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 1.3x |
| Enterprise Value/EBITDA | 14.3x |
| PEG Ratio | 2x |
Price to Earnings Ratio vs Peers
How does 2281's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 21.9x | ||
2285 Arabian Mills for Food Products | 10.2x | 5.89% | ر.س2.3b |
9559 Balady Poultry | 10.1x | n/a | ر.س1.2b |
2287 Arabian Company for Agricultural and Industrial Investment | 55.6x | n/a | ر.س1.5b |
2286 Fourth Milling | 11.8x | 7.32% | ر.س2.1b |
2281 Tanmiah Food | 21x | 10.70% | ر.س2.0b |
Price-To-Earnings vs Peers: 2281 is good value based on its Price-To-Earnings Ratio (21x) compared to the peer average (21.9x).
Price to Earnings Ratio vs Industry
How does 2281's PE Ratio compare vs other companies in the SA Food Industry?
| 1 Company | Price / Earnings | Estimated Growth | Market Cap |
|---|---|---|---|
2050 Savola Group | 0.7x | -115.90% | US$2.09b |
| 1 Company | Estimated Growth | Market Cap |
|---|
Price-To-Earnings vs Industry: 2281 is expensive based on its Price-To-Earnings Ratio (21x) compared to the SA Food industry average (19.9x).
Price to Earnings Ratio vs Fair Ratio
What is 2281'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 | 21x |
| Fair PE Ratio | 15.4x |
Price-To-Earnings vs Fair Ratio: 2281 is expensive based on its Price-To-Earnings Ratio (21x) compared to the estimated Fair Price-To-Earnings Ratio (15.4x).
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.س100.60 | ر.س142.10 +41.25% | 5.38% | ر.س155.00 | ر.س135.00 | n/a | 4 |
| May ’26 | ر.س108.80 | ر.س142.10 +30.61% | 5.38% | ر.س155.00 | ر.س135.00 | n/a | 4 |
| Apr ’26 | ر.س123.00 | ر.س137.80 +12.03% | 1.44% | ر.س139.40 | ر.س135.00 | n/a | 3 |
| Mar ’26 | ر.س123.80 | ر.س139.20 +12.44% | 0.14% | ر.س139.40 | ر.س139.00 | n/a | 2 |
| Feb ’26 | ر.س125.20 | ر.س134.20 +7.19% | 3.87% | ر.س139.40 | ر.س129.00 | n/a | 2 |
| Sep ’25 | ر.س138.20 | ر.س139.67 +1.06% | 7.96% | ر.س155.00 | ر.س129.00 | n/a | 3 |
| Aug ’25 | ر.س138.00 | ر.س133.33 -3.38% | 13.81% | ر.س155.00 | ر.س110.00 | n/a | 3 |
| Jul ’25 | ر.س121.00 | ر.س133.33 +10.19% | 13.81% | ر.س155.00 | ر.س110.00 | n/a | 3 |
| Jun ’25 | ر.س115.60 | ر.س133.33 +15.34% | 13.81% | ر.س155.00 | ر.س110.00 | n/a | 3 |
| May ’25 | ر.س141.00 | ر.س127.67 -9.46% | 20.24% | ر.س155.00 | ر.س93.00 | ر.س108.80 | 3 |
| Apr ’25 | ر.س141.00 | ر.س127.67 -9.46% | 20.24% | ر.س155.00 | ر.س93.00 | ر.س123.00 | 3 |
| Mar ’25 | ر.س133.00 | ر.س127.67 -4.01% | 20.24% | ر.س155.00 | ر.س93.00 | ر.س123.80 | 3 |
| Feb ’25 | ر.س99.50 | ر.س101.50 +2.01% | 8.37% | ر.س110.00 | ر.س93.00 | ر.س125.20 | 2 |
| Jan ’25 | ر.س102.20 | ر.س101.50 -0.68% | 8.37% | ر.س110.00 | ر.س93.00 | ر.س119.20 | 2 |
| Aug ’24 | ر.س118.80 | ر.س143.00 +20.37% | 1.40% | ر.س145.00 | ر.س141.00 | ر.س138.00 | 2 |
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/20 13:32 |
| End of Day Share Price | 2025/05/20 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
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 |
| |
| Key Developments | 10 years |
|
* 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
Tanmiah Food Company is covered by 9 analysts. 3 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 |
|---|---|
| Fahad Qureshi | Aljazira Capital Company |
| Jassim Al-Jubran | Aljazira Capital Company |
| Mazen Al-Sudairi | Al Rajhi Capital |