Yanbu National Petrochemical Company

SASE:2290 Stock Report

Market Cap: ر.س21.8b

Yanbu National Petrochemical Valuation

Is 2290 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 2290 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2290 (SAR37.85) is trading below our estimate of fair value (SAR54.35)

Significantly Below Fair Value: 2290 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2290?

Key metric: As 2290 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 2290. This is calculated by dividing 2290's market cap by their current earnings.
What is 2290's PE Ratio?
PE Ratio45.2x
Earningsر.س473.34m
Market Capر.س21.80b

Price to Earnings Ratio vs Peers

How does 2290's PE Ratio compare to its peers?

The above table shows the PE ratio for 2290 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average72.1x
2310 Sahara International Petrochemical
31.5x35.9%ر.س17.8b
2223 Saudi Aramco Base Oil Company - Luberef
17.8x20.4%ر.س18.4b
2250 Saudi Industrial Investment Group
66.1x30.3%ر.س13.3b
2330 Advanced Petrochemical
173.2x89.8%ر.س8.9b
2290 Yanbu National Petrochemical
45x27.8%ر.س21.3b

Price-To-Earnings vs Peers: 2290 is good value based on its Price-To-Earnings Ratio (45x) compared to the peer average (72.1x).

Price to Earnings Ratio vs Industry

How does 2290's PE Ratio compare vs other companies in the Asian Chemicals Industry?

41 CompaniesPrice / EarningsEstimated GrowthMarket Cap
2290 45.2xIndustry Avg. 22.9xNo. of Companies178PE020406080100+
41 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 2290 is expensive based on its Price-To-Earnings Ratio (45x) compared to the Asian Chemicals industry average (22.9x).

Price to Earnings Ratio vs Fair Ratio

What is 2290'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.

2290 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio45.2x
Fair PE Ratio33.1x

Price-To-Earnings vs Fair Ratio: 2290 is expensive based on its Price-To-Earnings Ratio (45x) compared to the estimated Fair Price-To-Earnings Ratio (33x).

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 2290 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentر.س37.85
ر.س39.92
+5.5%
9.8%ر.س47.00ر.س34.10n/a10
Nov ’25ر.س39.80
ر.س40.57
+1.9%
9.7%ر.س47.00ر.س34.20n/a11
Oct ’25ر.س42.70
ر.س39.25
-8.1%
10.3%ر.س45.00ر.س32.00n/a11
Sep ’25ر.س40.15
ر.س39.25
-2.2%
10.3%ر.س45.00ر.س32.00n/a11
Aug ’25ر.س39.85
ر.س39.17
-1.7%
11.2%ر.س45.00ر.س32.00n/a13
Jul ’25ر.س37.10
ر.س39.86
+7.4%
11.0%ر.س45.92ر.س32.50n/a14
Jun ’25ر.س36.20
ر.س39.79
+9.9%
11.2%ر.س45.92ر.س32.00n/a14
May ’25ر.س38.65
ر.س39.82
+3.0%
11.1%ر.س45.92ر.س32.00n/a14
Apr ’25ر.س37.70
ر.س41.07
+8.9%
13.2%ر.س48.50ر.س32.00n/a14
Mar ’25ر.س37.45
ر.س41.07
+9.7%
13.2%ر.س48.50ر.س32.00n/a14
Feb ’25ر.س37.95
ر.س41.14
+8.4%
13.7%ر.س48.50ر.س32.00n/a13
Jan ’25ر.س38.10
ر.س42.62
+11.9%
12.1%ر.س49.00ر.س32.00n/a13
Dec ’24ر.س37.65
ر.س43.04
+14.3%
11.1%ر.س49.00ر.س32.00n/a12
Nov ’24ر.س37.50
ر.س43.69
+16.5%
11.4%ر.س51.00ر.س33.00ر.س39.8012
Oct ’24ر.س41.45
ر.س44.66
+7.7%
11.1%ر.س51.00ر.س33.00ر.س42.7012
Sep ’24ر.س42.30
ر.س44.76
+5.8%
10.1%ر.س51.00ر.س34.00ر.س40.1512
Aug ’24ر.س45.25
ر.س44.84
-0.9%
9.9%ر.س50.00ر.س34.00ر.س39.8512
Jul ’24n/a
ر.س44.21
0%
10.5%ر.س50.00ر.س34.00ر.س37.1013
Jun ’24ر.س42.50
ر.س44.15
+3.9%
10.5%ر.س50.00ر.س34.00ر.س36.2013
May ’24ر.س44.15
ر.س44.24
+0.2%
9.2%ر.س50.00ر.س35.00ر.س38.6513
Apr ’24ر.س42.15
ر.س43.78
+3.9%
10.2%ر.س50.00ر.س35.00ر.س37.7013
Mar ’24ر.س42.05
ر.س44.08
+4.8%
10.9%ر.س50.00ر.س35.00ر.س37.4512
Feb ’24ر.س44.05
ر.س43.98
-0.2%
11.3%ر.س50.00ر.س35.00ر.س37.9511
Jan ’24ر.س41.40
ر.س50.75
+22.6%
18.4%ر.س74.00ر.س38.00ر.س38.1011
Dec ’23ر.س41.10
ر.س54.28
+32.1%
16.7%ر.س74.00ر.س42.00ر.س37.6511
Nov ’23ر.س44.35
ر.س57.06
+28.7%
14.5%ر.س74.00ر.س45.00ر.س37.5011

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

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