Modern Mills Valuation
Is 2284 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 2284 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 2284 (SAR40.65) is trading below our estimate of fair value (SAR60.53)
Significantly Below Fair Value: 2284 is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 2284?
Key metric: As 2284 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is 2284's PE Ratio? | |
|---|---|
| PE Ratio | 15.9x |
| Earnings | ر.س209.01m |
| Market Cap | ر.س3.33b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 4.1x |
| Enterprise Value/EBITDA | 13x |
| PEG Ratio | n/a |
Price to Earnings Ratio vs Peers
How does 2284's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 16.4x | ||
2283 First Milling | 13.6x | n/a | ر.س3.3b |
2285 Arabian Mills for Food Products | 12.5x | n/a | ر.س2.7b |
2286 Fourth Milling | 14.5x | n/a | ر.س2.4b |
2281 Tanmiah Food | 25.1x | 23.6% | ر.س2.7b |
2284 Modern Mills | 15.9x | n/a | ر.س3.3b |
Price-To-Earnings vs Peers: 2284 is good value based on its Price-To-Earnings Ratio (15.9x) compared to the peer average (16.4x).
Price to Earnings Ratio vs Industry
How does 2284's PE Ratio compare vs other companies in the Asian Food Industry?
| 24 Companies | Price / Earnings | Estimated Growth | Market Cap |
|---|---|---|---|
| 24 Companies | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Earnings vs Industry: 2284 is good value based on its Price-To-Earnings Ratio (15.9x) compared to the Asian Food industry average (17x).
Price to Earnings Ratio vs Fair Ratio
What is 2284'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 | 15.9x |
| Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 2284's Price-To-Earnings Fair Ratio for valuation analysis.
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.س40.65 | ر.س55.25 +35.9% | 2.3% | ر.س56.50 | ر.س54.00 | n/a | 2 |
| Nov ’25 | ر.س43.90 | ر.س55.25 +25.9% | 2.3% | ر.س56.50 | ر.س54.00 | n/a | 2 |
| Oct ’25 | ر.س48.25 | ر.س62.87 +30.3% | 9.7% | ر.س71.10 | ر.س56.50 | n/a | 3 |
| Sep ’25 | ر.س49.25 | ر.س64.40 +30.8% | 9.2% | ر.س71.10 | ر.س56.50 | n/a | 4 |
| Aug ’25 | ر.س50.10 | ر.س64.40 +28.5% | 9.2% | ر.س71.10 | ر.س56.50 | n/a | 4 |
| Jul ’25 | ر.س48.80 | ر.س64.40 +32.0% | 9.2% | ر.س71.10 | ر.س56.50 | n/a | 4 |
| Jun ’25 | ر.س48.00 | ر.س64.40 +34.2% | 9.2% | ر.س71.10 | ر.س56.50 | n/a | 4 |
| May ’25 | ر.س56.40 | ر.س67.03 +18.9% | 6.5% | ر.س71.10 | ر.س61.00 | n/a | 3 |
| Apr ’25 | ر.س59.70 | ر.س70.05 +17.3% | 1.5% | ر.س71.10 | ر.س69.00 | n/a | 2 |
Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.