Saudi Basic Industries Valuation
Is 2010 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
4/6Valuation Score 4/6
Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales 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 (SAR81.9) is trading below our estimate of fair value (SAR147.27)
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?
Other financial metrics that can be useful for relative valuation.
| What is 2010's n/a Ratio? | |
|---|---|
| n/a | 0x |
| n/a | n/a |
| Market Cap | ر.س244.50b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 1.9x |
| Enterprise Value/EBITDA | 15.5x |
| PEG Ratio | 3.2x |
Price to Sales Ratio vs Peers
How does 2010's PS Ratio compare to its peers?
| Company | Forward PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 3x | ||
2310 Sahara International Petrochemical | 3.1x | 3.3% | ر.س23.5b |
2223 Saudi Aramco Base Oil Company - Luberef | 2.7x | 1.1% | ر.س26.0b |
2290 Yanbu National Petrochemical | 4.6x | 13.0% | ر.س21.1b |
2350 Saudi Kayan Petrochemical | 1.7x | 7.8% | ر.س13.8b |
2010 Saudi Basic Industries | 1.7x | 5.0% | ر.س244.5b |
Price-To-Sales vs Peers: 2010 is good value based on its Price-To-Sales Ratio (1.7x) compared to the peer average (3x).
Price to Earnings Ratio vs Industry
How does 2010's PE Ratio compare vs other companies in the Asian Chemicals Industry?
Price-To-Sales vs Industry: 2010 is expensive based on its Price-To-Sales Ratio (1.7x) compared to the Asian Chemicals industry average (1.3x).
Price to Sales Ratio vs Fair Ratio
What is 2010's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 1.7x |
| Fair PS Ratio | 4.7x |
Price-To-Sales vs Fair Ratio: 2010 is good value based on its Price-To-Sales Ratio (1.7x) compared to the estimated Fair Price-To-Sales Ratio (4.7x).
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.س81.90 | ر.س92.51 +13.0% | 17.3% | ر.س141.00 | ر.س74.00 | n/a | 14 |
| 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 | n/a | 14 |
| Nov ’24 | ر.س75.70 | ر.س98.76 +30.5% | 12.5% | ر.س131.00 | ر.س78.00 | n/a | 14 |
| Oct ’24 | ر.س82.70 | ر.س99.14 +19.9% | 12.6% | ر.س131.00 | ر.س78.00 | n/a | 14 |
| Sep ’24 | ر.س88.40 | ر.س98.88 +11.9% | 12.6% | ر.س131.00 | ر.س78.00 | n/a | 14 |
| Aug ’24 | ر.س85.10 | ر.س100.62 +18.2% | 13.6% | ر.س131.00 | ر.س78.00 | n/a | 12 |
| Jul ’24 | n/a | ر.س101.41 0% | 13.5% | ر.س131.00 | ر.س78.00 | n/a | 12 |
| Jun ’24 | ر.س88.30 | ر.س101.41 +14.8% | 13.5% | ر.س131.00 | ر.س78.00 | n/a | 12 |
| May ’24 | ر.س91.20 | ر.س102.02 +11.9% | 12.7% | ر.س131.00 | ر.س78.00 | n/a | 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 |
| Nov ’23 | ر.س87.00 | ر.س110.78 +27.3% | 15.3% | ر.س150.00 | ر.س85.00 | ر.س75.70 | 12 |
| Oct ’23 | ر.س88.80 | ر.س116.53 +31.2% | 13.1% | ر.س150.00 | ر.س90.00 | ر.س82.70 | 11 |
| Sep ’23 | ر.س99.00 | ر.س117.93 +19.1% | 12.6% | ر.س150.00 | ر.س90.00 | ر. س88.40 | 11 |
| Aug ’23 | ر.س102.00 | ر.س120.32 +18.0% | 12.9% | ر.س150.00 | ر.س90.00 | ر.س85.10 | 12 |
| Jul ’23 | ر.س101.60 | ر.س122.67 +20.7% | 10.8% | ر.س150.00 | ر.س105.00 | n/a | 12 |
| Jun ’23 | ر.س113.60 | ر.س126.57 +11.4% | 11.5% | ر.س150.00 | ر.س105.00 | ر.س88.30 | 11 |
| May ’23 | ر.س131.00 | ر.س124.12 -5.3% | 12.5% | ر.س150.00 | ر.س98.00 | ر.س91.20 | 13 |
| Apr ’23 | ر.س131.00 | ر.س123.30 -5.9% | 11.9% | ر.س150.00 | ر.س98.00 | ر.س90.30 | 13 |
Analyst Forecast: Target price is less than 20% higher than the current share price.