Bupa Arabia for Cooperative Insurance Valuation

Q: What is the Fair Price of 8210 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

8210 (SAR202.8) is trading above our estimate of [[fair value]] (SAR74.79)

Is 8210 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

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 8210 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 8210 (SAR202.8) is trading above our estimate of fair value (SAR74.79)

Significantly Below Fair Value: 8210 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 8210?

Key metric: As 8210 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 8210. This is calculated by dividing 8210's market cap by their current earnings.
What is 8210's PE Ratio?
PE Ratio	24.7x
Earnings	ر.س1.23b
Market Cap	ر.س30.32b

8210 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.6x
Enterprise Value/EBITDA	20.4x
PEG Ratio	1.8x

Price to Earnings Ratio vs Peers

How does 8210's PE Ratio compare to its peers?

The above table shows the PE ratio for 8210 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	41.7x
8010 Company for Cooperative Insurance	22.5x	13.4%	ر.س21.3b
8180 Al Sagr Cooperative Insurance	17.7x	n/a	ر.س501.6m
8230 Al Rajhi Company for Cooperative Insurance	42.4x	29.3%	ر.س16.6b
8313 Rasan Information Technology	84.1x	n/a	ر.س5.5b
8210 Bupa Arabia for Cooperative Insurance	24.7x	14.0%	ر.س30.3b

Price-To-Earnings vs Peers: 8210 is good value based on its Price-To-Earnings Ratio (24.7x) compared to the peer average (41.7x).

Price to Earnings Ratio vs Industry

How does 8210's PE Ratio compare vs other companies in the SA Insurance Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

No more companies available in this PE range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 8210 is expensive based on its Price-To-Earnings Ratio (24.7x) compared to the SA Insurance industry average (18x).

Price to Earnings Ratio vs Fair Ratio

What is 8210'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.

8210 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	24.7x
Fair PE Ratio	28.7x

Price-To-Earnings vs Fair Ratio: 8210 is good value based on its Price-To-Earnings Ratio (24.7x) compared to the estimated Fair Price-To-Earnings Ratio (28.7x).

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 8210 forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	ر.س202.80	ر.س235.84 +16.3%	9.1%	ر.س272.20	ر.س206.00	n/a	5
Dec ’25	ر.س188.40	ر.س236.24 +25.4%	14.9%	ر.س272.20	ر.س175.00	n/a	5
Nov ’25	ر.س201.40	ر.س240.20 +19.3%	13.9%	ر.س272.20	ر.س175.00	n/a	6
Oct ’25	ر.س210.00	ر.س240.20 +14.4%	13.9%	ر.س272.20	ر.س175.00	n/a	6
Sep ’25	ر.س227.00	ر.س240.24 +5.8%	15.2%	ر.س272.20	ر.س175.00	n/a	5
Aug ’25	ر.س227.20	ر.س240.24 +5.7%	15.2%	ر.س272.20	ر.س175.00	n/a	5
Jul ’25	ر.س239.00	ر.س222.05 -7.1%	25.1%	ر.س272.20	ر.س130.00	n/a	4
Jun ’25	ر.س231.00	ر.س214.30 -7.2%	26.5%	ر.س272.20	ر.س130.00	n/a	4
May ’25	ر.س239.00	ر.س214.30 -10.3%	26.5%	ر.س272.20	ر.س130.00	n/a	4
Apr ’25	ر.س241.00	ر.س207.30 -14.0%	25.2%	ر.س272.20	ر.س130.00	n/a	4
Mar ’25	ر.س229.60	ر.س185.67 -19.1%	22.7%	ر.س232.00	ر.س130.00	n/a	3
Feb ’25	ر.س203.40	ر.س184.25 -9.4%	19.9%	ر.س232.00	ر.س130.00	n/a	4
Jan ’25	ر.س214.40	ر.س183.40 -14.5%	17.9%	ر.س232.00	ر.س130.00	n/a	5
Dec ’24	ر.س199.40	ر.س183.40 -8.0%	17.9%	ر.س232.00	ر.س130.00	ر.س188.40	5
Nov ’24	ر.س208.00	ر.س171.25 -17.7%	14.4%	ر.س195.00	ر.س130.00	ر.س201.40	4
Oct ’24	ر.س208.60	ر.س171.25 -17.9%	14.4%	ر.س195.00	ر.س130.00	ر.س210.00	4
Sep ’24	ر.س201.60	ر.س161.50 -19.9%	12.8%	ر.س180.00	ر.س130.00	ر.س227.00	4
Aug ’24	ر.س174.00	ر.س161.50 -7.2%	12.8%	ر.س180.00	ر.س130.00	ر.س227.20	4
Jul ’24	n/a	ر.س155.33 0%	13.1%	ر.س180.00	ر.س130.00	ر.س239.00	3
Jun ’24	ر.س172.20	ر.س143.07 -16.9%	7.4%	ر.س156.00	ر.س130.00	ر.س231.00	3
May ’24	ر.س177.00	ر.س145.40 -17.9%	5.4%	ر.س156.00	ر.س137.00	ر.س239.00	3
Apr ’24	ر.س173.80	ر.س145.40 -16.3%	5.4%	ر.س156.00	ر.س137.00	ر.س241.00	3
Mar ’24	ر.س158.40	ر.س149.25 -5.8%	6.4%	ر.س160.80	ر.س137.00	ر.س229.60	4
Feb ’24	ر.س162.00	ر.س149.20 -7.9%	6.5%	ر.س160.80	ر.س136.80	ر.س203.40	4
Jan ’24	ر.س144.60	ر.س149.20 +3.2%	6.5%	ر.س160.80	ر.س136.80	ر.س214.40	4
Dec ’23	ر.س140.32	ر.س149.20 +6.3%	6.5%	ر.س160.80	ر.س136.80	ر.س199.40	4

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 02:57
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	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

Bupa Arabia for Cooperative Insurance Company is covered by 17 analysts. 4 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
Madhu Appissa	Al Rajhi Capital
Jaap Meijer	Arqaam Capital Research Offshore S.A.L.