Advanced Petrochemical Company

SASE:2330 Stock Report

Market Cap: ر.س8.3b

Advanced Petrochemical Valuation

Is 2330 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation 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 2330 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2330 (SAR32) is trading below our estimate of fair value (SAR140)

Significantly Below Fair Value: 2330 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2330?

Key metric: As 2330 is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 2330. This is calculated by dividing 2330's market cap by their current revenue.
What is 2330's PS Ratio?
PS Ratio3.8x
Salesر.س2.18b
Market Capر.س8.27b

Price to Sales Ratio vs Peers

How does 2330's PS Ratio compare to its peers?

The above table shows the PS ratio for 2330 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.2x
2350 Saudi Kayan Petrochemical
1.2x6.3%ر.س10.4b
2060 National Industrialization
1.8x3.2%ر.س6.8b
2310 Sahara International Petrochemical
2.4x5.5%ر.س17.8b
2290 Yanbu National Petrochemical
3.5x6.6%ر.س21.3b
2330 Advanced Petrochemical
3.8x48.2%ر.س8.3b

Price-To-Sales vs Peers: 2330 is expensive based on its Price-To-Sales Ratio (3.8x) compared to the peer average (2.2x).

Price to Sales Ratio vs Industry

How does 2330's PS Ratio compare vs other companies in the Asian Chemicals Industry?

145 CompaniesPrice / SalesEstimated GrowthMarket Cap
2330 3.8xIndustry Avg. 1.4xNo. of Companies231PS01.22.43.64.86+
145 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 2330 is expensive based on its Price-To-Sales Ratio (3.8x) compared to the Asian Chemicals industry average (1.4x).

Price to Sales Ratio vs Fair Ratio

What is 2330'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.

2330 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3.8x
Fair PS Ratio9.8x

Price-To-Sales vs Fair Ratio: 2330 is good value based on its Price-To-Sales Ratio (3.8x) compared to the estimated Fair Price-To-Sales Ratio (9.8x).

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 2330 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentر.س32.00
ر.س44.61
+39.4%
10.7%ر.س53.00ر.س36.10n/a7
Dec ’25ر.س34.10
ر.س44.61
+30.8%
10.7%ر.س53.00ر.س36.10n/a7
Nov ’25ر.س36.35
ر.س41.86
+15.2%
21.5%ر.س53.00ر.س21.00n/a8
Oct ’25ر.س38.20
ر.س42.80
+12.0%
21.8%ر.س53.00ر.س21.00n/a8
Sep ’25ر.س38.10
ر.س42.80
+12.3%
21.8%ر.س53.00ر.س21.00n/a8
Aug ’25ر.س39.95
ر.س43.02
+7.7%
21.5%ر.س53.00ر.س21.00n/a8
Jul ’25ر.س38.70
ر.س44.45
+14.9%
19.7%ر.س53.00ر.س21.00n/a10
Jun ’25ر.س40.10
ر.س44.05
+9.8%
19.1%ر.س53.00ر.س21.00n/a11
May ’25ر.س41.95
ر.س44.08
+5.1%
19.1%ر.س53.00ر.س21.00n/a11
Apr ’25ر.س40.90
ر.س43.82
+7.1%
19.1%ر.س53.00ر.س21.00n/a12
Mar ’25ر.س38.25
ر.س43.82
+14.6%
19.1%ر.س53.00ر.س21.00n/a12
Feb ’25ر.س38.70
ر.س43.83
+13.3%
20.6%ر.س56.00ر.س21.00n/a11
Jan ’25ر.س39.00
ر.س45.32
+16.2%
16.8%ر.س56.00ر.س29.00n/a11
Dec ’24ر.س37.40
ر.س45.27
+21.0%
17.6%ر.س56.00ر.س29.00ر.س34.1010
Nov ’24ر.س37.40
ر.س46.37
+24.0%
16.7%ر.س56.00ر.س29.00ر.س36.3510
Oct ’24ر.س40.00
ر.س46.53
+16.3%
16.3%ر.س56.00ر.س29.00ر.س38.2010
Sep ’24ر.س42.55
ر.س45.53
+7.0%
15.8%ر.س56.00ر.س29.00ر.س38.1010
Aug ’24ر.س45.60
ر.س45.63
+0.07%
15.7%ر.س56.00ر.س29.00ر.س39.9510
Jul ’24n/a
ر.س45.29
0%
16.1%ر.س56.00ر.س29.00ر.س38.709
Jun ’24ر.س44.50
ر.س45.56
+2.4%
16.1%ر.س56.00ر.س29.00ر.س40.109
May ’24ر.س47.60
ر.س45.45
-4.5%
16.7%ر.س56.00ر.س29.00ر.س41.959
Apr ’24ر.س47.80
ر.س43.34
-9.3%
25.4%ر.س56.00ر.س15.00ر.س40.909
Mar ’24ر.س47.00
ر.س43.60
-7.2%
25.8%ر.س58.00ر.س15.00ر.س38.259
Feb ’24ر.س45.80
ر.س43.60
-4.8%
25.8%ر.س58.00ر.س15.00ر.س38.709
Jan ’24ر.س42.25
ر.س50.52
+19.6%
17.3%ر.س69.00ر.س39.93ر.س39.0010
Dec ’23ر.س41.45
ر.س51.73
+24.8%
15.4%ر.س69.00ر.س43.00ر.س37.4010

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

DataLast Updated (UTC time)
Company Analysis2024/12/30 05:43
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Advanced Petrochemical Company is covered by 25 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullAlembic Global Advisors
Jassim Al-JubranAljazira Capital Company
Mazen Al-SudairiAl Rajhi Capital