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 (SAR183.6) is trading above our estimate of [[fair value]] (SAR71.88)

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

Valuation Score

3/6

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

Below Fair Value: 8210 (SAR183.6) is trading above our estimate of fair value (SAR71.88)

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	22.4x
Earnings	ر.س1.23b
Market Cap	ر.س27.45b

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	1.4x
Enterprise Value/EBITDA	18.4x
PEG Ratio	1.5x

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	43.6x
8010 Company for Cooperative Insurance	20.9x	19.9%	ر.س19.8b
8180 Al Sagr Cooperative Insurance	18.3x	n/a	ر.س519.6m
8230 Al Rajhi Company for Cooperative Insurance	45.2x	29.3%	ر.س17.7b
8313 Rasan Information Technology	89.9x	n/a	ر.س5.8b
8210 Bupa Arabia for Cooperative Insurance	22.4x	15.0%	ر.س27.4b

Price-To-Earnings vs Peers: 8210 is good value based on its Price-To-Earnings Ratio (22.4x) compared to the peer average (43.6x).

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 (22.4x) compared to the SA Insurance industry average (21.1x).

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	22.4x
Fair PE Ratio	29.3x

Price-To-Earnings vs Fair Ratio: 8210 is good value based on its Price-To-Earnings Ratio (22.4x) compared to the estimated Fair Price-To-Earnings Ratio (29.3x).

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.س183.60	ر.س236.24 +28.7%	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	n/a	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
Nov ’23	ر.س157.28	ر.س148.00 -5.9%	10.0%	ر.س160.80	ر.س127.20	ر.س208.00	3

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.