National Industrialization Company

SASE:2060 Stock Report

Market Cap: ر.س8.8b

National Industrialization Valuation

Is 2060 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • 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 2060 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2060 (SAR13.24) is trading above our estimate of fair value (SAR10.17)

Significantly Below Fair Value: 2060 is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2060?

Other financial metrics that can be useful for relative valuation.

2060 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/Revenue4x
Enterprise Value/EBITDA78.8x
PEG Ratio1.4x

Price to Earnings Ratio vs Peers

How does 2060's PE Ratio compare to its peers?

The above table shows the PE ratio for 2060 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average61.9x
2330 Advanced Petrochemical
59.2x44.9%ر.س10.0b
2310 Sahara International Petrochemical
19.1x15.5%ر.س22.2b
2223 Saudi Aramco Base Oil Company - Luberef
18.7x5.5%ر.س28.2b
2250 Saudi Industrial Investment Group
150.6x36.4%ر.س16.8b
2060 National Industrialization
50.7x35.0%ر.س8.8b

Price-To-Earnings vs Peers: 2060 is good value based on its Price-To-Earnings Ratio (50.7x) compared to the peer average (61.9x).


Price to Earnings Ratio vs Industry

How does 2060's PE Ratio compare vs other companies in the Asian Chemicals Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a43.1%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a43.1%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: 2060 is expensive based on its Price-To-Earnings Ratio (50.7x) compared to the Asian Chemicals industry average (21.8x).


Price to Earnings Ratio vs Fair Ratio

What is 2060'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.

2060 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio50.7x
Fair PE Ratio33.9x

Price-To-Earnings vs Fair Ratio: 2060 is expensive based on its Price-To-Earnings Ratio (50.7x) compared to the estimated Fair Price-To-Earnings Ratio (33.9x).


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 2060 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentر.س13.24
ر.س14.12
+6.6%
11.0%ر.س16.00ر.س11.50n/a6
Mar ’25ر.س13.18
ر.س14.12
+7.1%
11.0%ر.س16.00ر.س11.50n/a6
Feb ’25ر.س11.72
ر.س14.12
+20.4%
11.0%ر.س16.00ر.س11.50n/a6
Jan ’25ر.س12.40
ر.س14.32
+15.5%
10.1%ر.س16.00ر.س11.50n/a6
Dec ’24ر.س12.20
ر.س14.32
+17.3%
10.1%ر.س16.00ر.س11.50n/a6
Nov ’24ر.س11.56
ر.س14.32
+23.8%
10.1%ر.س16.00ر.س11.50n/a6
Oct ’24ر.س12.58
ر.س14.57
+15.8%
10.3%ر.س16.00ر.س11.50n/a6
Sep ’24ر.س12.74
ر.س14.37
+12.8%
10.1%ر.س16.00ر.س11.50n/a6
Aug ’24ر.س14.02
ر.س14.12
+0.7%
13.9%ر.س16.00ر.س10.00n/a6
Jul ’24n/a
ر.س13.68
0%
14.1%ر.س15.50ر.س10.00n/a5
Jun ’24ر.س15.18
ر.س13.68
-9.9%
14.1%ر.س15.50ر.س10.00n/a5
May ’24ر.س13.50
ر.س13.68
+1.3%
14.1%ر.س15.50ر.س10.00n/a5
Apr ’24ر.س12.22
ر.س14.48
+18.5%
9.7%ر.س16.00ر.س12.00n/a5
Mar ’24ر.س12.00
ر.س14.48
+20.7%
9.7%ر.س16.00ر.س12.00ر.س13.185
Feb ’24ر.س12.36
ر.س14.48
+17.2%
9.7%ر.س16.00ر.س12.00ر.س11.725
Jan ’24ر.س12.34
ر.س16.95
+37.4%
24.8%ر.س25.00ر.س12.00ر.س12.406
Dec ’23ر.س11.34
ر.س18.13
+59.9%
24.5%ر.س25.00ر.س12.00ر.س12.206
Nov ’23ر.س12.96
ر.س19.30
+48.9%
21.3%ر.س25.00ر.س12.00ر.س11.566
Oct ’23ر.س13.64
ر.س20.22
+48.2%
15.8%ر.س25.00ر.س14.50ر.س12.586
Sep ’23ر.س15.74
ر.س20.22
+28.4%
15.8%ر.س25.00ر.س14.50ر.س12.746
Aug ’23ر.س17.10
ر.س20.63
+20.7%
17.6%ر.س25.00ر.س14.50ر.س14.026
Jul ’23ر.س16.12
ر.س20.63
+28.0%
17.6%ر.س25.00ر.س14.50n/a6
Jun ’23ر.س18.56
ر.س21.30
+14.8%
16.9%ر.س25.00ر.س14.50ر.س15.186
May ’23ر.س20.64
ر.س21.30
+3.2%
16.9%ر.س25.00ر.س14.50ر.س13.506
Apr ’23ر.س23.10
ر.س20.56
-11.0%
17.1%ر.س24.50ر.س14.50ر.س12.225
Mar ’23ر.س23.08
ر.س20.38
-11.7%
17.0%ر.س24.50ر.س14.50ر.س12.005

Analyst Forecast: Target price is less than 20% higher than the current share price.


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