Saudi Arabian Mining Company (Ma'aden)

SASE:1211 Stock Report

Market Cap: ر.س196.4b

Saudi Arabian Mining Company (Ma'aden) Valuation

Is 1211 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • 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 1211 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1211 (SAR53.3) is trading above our estimate of fair value (SAR17)

Significantly Below Fair Value: 1211 is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1211?

Other financial metrics that can be useful for relative valuation.

1211 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/Revenue7.6x
Enterprise Value/EBITDA20.4x
PEG Ratio2.2x

Price to Earnings Ratio vs Peers

How does 1211's PE Ratio compare to its peers?

The above table shows the PE ratio for 1211 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average38.8x
1322 Al Masane Al Kobra Mining
42.9x41.4%ر.س6.1b
2010 Saudi Basic Industries
85.6x55.2%ر.س211.5b
2020 SABIC Agri-Nutrients
16.2x3.0%ر.س54.2b
GMEXICO B Grupo México. de
10.7x6.1%Mex$808.1b
1211 Saudi Arabian Mining Company (Ma'aden)
50.8x23.2%ر.س196.4b

Price-To-Earnings vs Peers: 1211 is expensive based on its Price-To-Earnings Ratio (50.8x) compared to the peer average (38.9x).


Price to Earnings Ratio vs Industry

How does 1211's PE Ratio compare vs other companies in the Asian Metals and Mining Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a29.4%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a29.4%
n/an/an/a
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Price-To-Earnings vs Industry: 1211 is expensive based on its Price-To-Earnings Ratio (50.8x) compared to the Asian Metals and Mining industry average (19.5x).


Price to Earnings Ratio vs Fair Ratio

What is 1211'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.

1211 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio50.8x
Fair PE Ratio42.7x

Price-To-Earnings vs Fair Ratio: 1211 is expensive based on its Price-To-Earnings Ratio (50.8x) compared to the estimated Fair Price-To-Earnings Ratio (42.7x).


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 1211 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentر.س53.30
ر.س43.76
-17.9%
19.7%ر.س58.00ر.س31.50n/a9
Nov ’25ر.س56.40
ر.س42.16
-25.2%
17.9%ر.س55.00ر.س31.50n/a8
Oct ’25ر.س48.90
ر.س40.56
-17.1%
17.6%ر.س55.00ر.س31.50n/a8
Sep ’25ر.س42.30
ر.س37.19
-12.1%
12.2%ر.س45.00ر.س31.00n/a8
Aug ’25ر.س42.80
ر.س36.81
-14.0%
12.2%ر.س45.00ر.س31.50n/a8
Jul ’25ر.س42.45
ر.س35.42
-16.6%
15.4%ر.س45.00ر.س27.00n/a9
Jun ’25ر.س46.20
ر.س35.42
-23.3%
15.4%ر.س45.00ر.س27.00n/a9
May ’25ر.س50.30
ر.س34.13
-32.2%
16.0%ر.س45.00ر.س27.00n/a9
Apr ’25ر.س49.45
ر.س34.02
-31.2%
16.1%ر.س45.00ر.س27.00n/a9
Mar ’25ر.س49.75
ر.س32.43
-34.8%
14.3%ر.س40.00ر.س25.70n/a9
Feb ’25ر.س46.75
ر.س32.66
-30.1%
13.7%ر.س40.00ر.س25.70n/a10
Jan ’25ر.س49.80
ر.س33.11
-33.5%
13.8%ر.س40.00ر.س25.70n/a10
Dec ’24ر.س39.85
ر.س32.82
-17.6%
9.0%ر.س35.70ر.س25.70n/a9
Nov ’24ر.س35.75
ر.س33.94
-5.1%
7.6%ر.س36.20ر.س27.90ر.س56.409
Oct ’24ر.س39.80
ر.س34.22
-14.0%
8.1%ر.س37.17ر.س27.90ر.س48.909
Sep ’24ر.س40.50
ر.س33.78
-16.6%
8.8%ر.س37.17ر.س27.90ر.س42.308
Aug ’24ر.س43.80
ر.س34.32
-21.6%
12.9%ر.س44.33ر.س27.33ر.س42.8010
Jul ’24n/a
ر.س34.37
0%
14.7%ر.س44.33ر.س26.67ر.س42.4510
Jun ’24ر.س40.80
ر.س36.69
-10.1%
19.0%ر.س46.67ر.س26.67ر.س46.2010
May ’24ر.س46.00
ر.س37.67
-18.1%
16.9%ر.س46.67ر.س26.67ر.س50.3010
Apr ’24ر.س42.67
ر.س37.79
-11.4%
16.9%ر.س46.67ر.س26.67ر.س49.4510
Mar ’24ر.س42.60
ر.س37.89
-11.0%
17.1%ر.س46.67ر.س26.67ر.س49.7510
Feb ’24ر.س49.27
ر.س38.66
-21.5%
14.8%ر.س46.67ر.س27.33ر.س46.7510
Jan ’24ر.س44.40
ر.س39.63
-10.8%
20.5%ر.س53.33ر.س22.67ر.س49.8010
Dec ’23ر.س46.53
ر.س40.40
-13.2%
21.8%ر.س53.33ر.س22.67ر.س39.859
Nov ’23ر.س50.27
ر.س40.44
-19.6%
21.8%ر.س53.33ر.س22.67ر.س35.759

Analyst Forecast: Target price is lower than the current share price.


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