Saudi Basic Industries Corporation

SASE:2010 Stock Report

Market Cap: ر.س209.1b

Saudi Basic Industries Valuation

Is 2010 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 2010 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2010 (SAR69.7) is trading below our estimate of fair value (SAR156.47)

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.

The above table shows the Price to Earnings ratio for 2010. This is calculated by dividing 2010's market cap by their current earnings.
What is 2010's PE Ratio?
PE Ratio84.6x
Earningsر.س2.47b
Market Capر.س209.10b

Price to Earnings Ratio vs Peers

How does 2010's PE Ratio compare to its peers?

The above table shows the PE ratio for 2010 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average41.1x
2290 Yanbu National Petrochemical
47.3x27.8%ر.س22.4b
2310 Sahara International Petrochemical
32.7x35.9%ر.س18.5b
2223 Saudi Aramco Base Oil Company - Luberef
18.1x20.4%ر.س18.7b
2250 Saudi Industrial Investment Group
66.3x30.3%ر.س13.3b
2010 Saudi Basic Industries
84.6x55.2%ر.س209.1b

Price-To-Earnings vs Peers: 2010 is expensive based on its Price-To-Earnings Ratio (84.6x) compared to the peer average (41.1x).

Price to Earnings Ratio vs Industry

How does 2010's PE Ratio compare vs other companies in the Asian Chemicals Industry?

25 CompaniesPrice / EarningsEstimated GrowthMarket Cap
2010 84.6xIndustry Avg. 22.4xNo. of Companies150PE01632486480+
25 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 2010 is expensive based on its Price-To-Earnings Ratio (84.6x) compared to the Asian Chemicals industry average (22.4x).

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.

2010 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio84.6x
Fair PE Ratio70.2x

Price-To-Earnings vs Fair Ratio: 2010 is expensive based on its Price-To-Earnings Ratio (84.6x) compared to the estimated Fair Price-To-Earnings Ratio (70.2x).

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 2010 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentر.س69.70
ر.س84.53
+21.3%
11.0%ر.س99.00ر.س69.00n/a13
Nov ’25ر.س72.70
ر.س87.82
+20.8%
19.3%ر.س141.00ر.س69.00n/a14
Oct ’25ر.س76.10
ر.س89.52
+17.6%
18.6%ر.س141.00ر.س72.00n/a13
Sep ’25ر.س75.50
ر.س89.52
+18.6%
18.6%ر.س141.00ر.س72.00n/a13
Aug ’25ر.س79.40
ر.س89.40
+12.6%
18.1%ر.س141.00ر.س74.00n/a14
Jul ’25ر.س74.00
ر.س91.52
+23.7%
17.3%ر.س141.00ر.س74.00n/a14
Jun ’25ر.س76.00
ر.س91.52
+20.4%
17.3%ر.س141.00ر.س74.00n/a14
May ’25ر.س83.80
ر.س91.78
+9.5%
17.9%ر.س141.00ر.س74.00n/a13
Apr ’25ر.س78.70
ر.س92.30
+17.3%
17.2%ر.س141.00ر.س74.00n/a14
Mar ’25ر.س78.80
ر.س91.91
+16.6%
18.9%ر.س141.00ر.س72.00n/a12
Feb ’25ر.س78.40
ر.س93.52
+19.3%
17.9%ر.س141.00ر.س72.00n/a14
Jan ’25ر.س83.70
ر.س94.60
+13.0%
14.9%ر.س131.00ر.س72.00n/a14
Dec ’24ر.س79.20
ر.س95.47
+20.5%
14.3%ر.س131.00ر.س73.90n/a14
Nov ’24ر.س75.70
ر.س98.76
+30.5%
12.5%ر.س131.00ر.س78.00ر.س72.7014
Oct ’24ر.س82.70
ر.س99.14
+19.9%
12.6%ر.س131.00ر.س78.00ر.س76.1014
Sep ’24ر.س88.40
ر.س98.88
+11.9%
12.6%ر.س131.00ر.س78.00ر.س75.5014
Aug ’24ر.س85.10
ر.س100.62
+18.2%
13.6%ر.س131.00ر.س78.00ر.س79.4012
Jul ’24n/a
ر.س101.41
0%
13.5%ر.س131.00ر.س78.00ر.س74.0012
Jun ’24ر.س88.30
ر.س101.41
+14.8%
13.5%ر.س131.00ر.س78.00ر.س76.0012
May ’24ر.س91.20
ر.س102.02
+11.9%
12.7%ر.س131.00ر.س78.00ر.س83.8012
Apr ’24ر.س90.30
ر.س102.08
+13.0%
13.4%ر.س134.00ر.س78.00ر.س78.7012
Mar ’24ر.س89.10
ر.س102.52
+15.1%
13.8%ر.س134.00ر.س78.00ر.س78.8012
Feb ’24ر.س92.90
ر.س102.31
+10.1%
13.9%ر.س134.00ر.س78.00ر.س78.4012
Jan ’24ر.س90.00
ر.س102.98
+14.4%
17.3%ر.س150.00ر.س78.00ر.س83.7012
Dec ’23ر.س84.00
ر.س105.77
+25.9%
17.2%ر.س150.00ر.س78.00ر.س79.2012
Nov ’23ر.س87.00
ر.س110.78
+27.3%
15.3%ر.س150.00ر.س85.00ر.س75.7012

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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