Saudi Basic Industries Valuation
Is 2010 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation 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 2010 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 2010 (SAR67.4) is trading below our estimate of fair value (SAR157.95)
Significantly Below Fair Value: 2010 is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 2010?
Key metric: As 2010 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is 2010's PE Ratio? | |
|---|---|
| PE Ratio | 81.8x |
| Earnings | ر.س2.47b |
| Market Cap | ر.س202.20b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 1.6x |
| Enterprise Value/EBITDA | 13.2x |
| PEG Ratio | 1.5x |
Price to Earnings Ratio vs Peers
How does 2010's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 39.4x | ||
2290 Yanbu National Petrochemical | 44x | 27.8% | ر.س20.8b |
2310 Sahara International Petrochemical | 31.5x | 35.9% | ر.س17.8b |
2223 Saudi Aramco Base Oil Company - Luberef | 18.3x | 20.8% | ر.س18.9b |
2250 Saudi Industrial Investment Group | 63.8x | 30.3% | ر.س12.8b |
2010 Saudi Basic Industries | 81.8x | 53.3% | ر.س202.2b |
Price-To-Earnings vs Peers: 2010 is expensive based on its Price-To-Earnings Ratio (81.8x) compared to the peer average (39.4x).
Price to Earnings Ratio vs Industry
How does 2010's PE Ratio compare vs other companies in the Asian Chemicals Industry?
| 21 Companies | Price / Earnings | Estimated Growth | Market Cap |
|---|---|---|---|
| 21 Companies | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Earnings vs Industry: 2010 is expensive based on its Price-To-Earnings Ratio (81.8x) compared to the Asian Chemicals industry average (24x).
Price to Earnings Ratio vs Fair Ratio
What is 2010'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 | 81.8x |
| Fair PE Ratio | 67.4x |
Price-To-Earnings vs Fair Ratio: 2010 is expensive based on its Price-To-Earnings Ratio (81.8x) compared to the estimated Fair Price-To-Earnings Ratio (67.4x).
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.س67.40 | ر.س83.68 +24.2% | 11.1% | ر.س99.00 | ر.س69.00 | n/a | 13 |
| Dec ’25 | ر.س68.70 | ر.س84.22 +22.6% | 11.2% | ر.س99.00 | ر.س69.00 | n/a | 13 |
| Nov ’25 | ر.س72.70 | ر.س87.82 +20.8% | 19.3% | ر.س141.00 | ر.س69.00 | n/a | 14 |
| Oct ’25 | ر.س76.10 | ر.س89.52 +17.6% | 18.6% | ر.س141.00 | ر.س72.00 | n/a | 13 |
| Sep ’25 | ر.س75.50 | ر.س89.52 +18.6% | 18.6% | ر.س141.00 | ر.س72.00 | n/a | 13 |
| Aug ’25 | ر.س79.40 | ر.س89.40 +12.6% | 18.1% | ر.س141.00 | ر.س74.00 | n/a | 14 |
| Jul ’25 | ر.س74.00 | ر.س91.52 +23.7% | 17.3% | ر.س141.00 | ر.س74.00 | n/a | 14 |
| Jun ’25 | ر.س76.00 | ر.س91.52 +20.4% | 17.3% | ر.س141.00 | ر.س74.00 | n/a | 14 |
| May ’25 | ر.س83.80 | ر.س91.78 +9.5% | 17.9% | ر.س141.00 | ر.س74.00 | n/a | 13 |
| Apr ’25 | ر.س78.70 | ر.س92.30 +17.3% | 17.2% | ر.س141.00 | ر.س74.00 | n/a | 14 |
| Mar ’25 | ر.س78.80 | ر.س91.91 +16.6% | 18.9% | ر.س141.00 | ر.س72.00 | n/a | 12 |
| Feb ’25 | ر.س78.40 | ر.س93.52 +19.3% | 17.9% | ر.س141.00 | ر.س72.00 | n/a | 14 |
| Jan ’25 | ر.س83.70 | ر.س94.60 +13.0% | 14.9% | ر.س131.00 | ر.س72.00 | n/a | 14 |
| Dec ’24 | ر.س79.20 | ر.س95.47 +20.5% | 14.3% | ر.س131.00 | ر.س73.90 | ر.س68.70 | 14 |
| Nov ’24 | ر.س75.70 | ر.س98.76 +30.5% | 12.5% | ر.س131.00 | ر.س78.00 | ر.س72.70 | 14 |
| Oct ’24 | ر.س82.70 | ر.س99.14 +19.9% | 12.6% | ر.س131.00 | ر.س78.00 | ر.س76.10 | 14 |
| Sep ’24 | ر.س88.40 | ر.س98.88 +11.9% | 12.6% | ر.س131.00 | ر.س78.00 | ر.س75.50 | 14 |
| Aug ’24 | ر.س85.10 | ر.س100.62 +18.2% | 13.6% | ر.س131.00 | ر.س78.00 | ر.س79.40 | 12 |
| Jul ’24 | n/a | ر.س101.41 0% | 13.5% | ر.س131.00 | ر.س78.00 | ر.س74.00 | 12 |
| Jun ’24 | ر.س88.30 | ر.س101.41 +14.8% | 13.5% | ر.س131.00 | ر.س78.00 | ر.س76.00 | 12 |
| May ’24 | ر.س91.20 | ر.س102.02 +11.9% | 12.7% | ر.س131.00 | ر.س78.00 | ر.س83.80 | 12 |
| Apr ’24 | ر.س90.30 | ر.س102.08 +13.0% | 13.4% | ر.س134.00 | ر.س78.00 | ر.س78.70 | 12 |
| Mar ’24 | ر.س89.10 | ر.س102.52 +15.1% | 13.8% | ر.س134.00 | ر.س78.00 | ر.س78.80 | 12 |
| Feb ’24 | ر.س92.90 | ر.س102.31 +10.1% | 13.9% | ر.س134.00 | ر.س78.00 | ر.س78.40 | 12 |
| Jan ’24 | ر.س90.00 | ر.س102.98 +14.4% | 17.3% | ر.س150.00 | ر.س78.00 | ر.س83.70 | 12 |
| Dec ’23 | ر.س84.00 | ر.س105.77 +25.9% | 17.2% | ر.س150.00 | ر.س78.00 | ر.س79.20 | 12 |
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 | 2024/12/18 12:21 |
| End of Day Share Price | 2024/12/18 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 |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
Saudi Basic Industries Corporation is covered by 30 analysts. 10 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 |
|---|---|
| null null | Alembic Global Advisors |
| Talha Nazar ul Haque | Aljazira Capital Company |
| Kais Kriaa | AlphaMena |