Advanced Petrochemical Company

SASE:2330 Stock Report

Mkt Cap: ر.س11.8b

We’ve recently updated our valuation analysis.

Advanced Petrochemical Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

2330 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/Revenue5.8x
Enterprise Value/EBITDA32.4x
PEG Ratio1.3x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for 2330 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average17x
2060 National Industrialization
23x26.2%ر.س10.1b
2223 Saudi Aramco Base Oil Company - Luberef
11.2x-2.9%ر.س23.3b
2310 Sahara International Petrochemical
9x-6.5%ر.س26.9b
2010 Saudi Basic Industries
25x19.9%ر.س269.1b
2330 Advanced Petrochemical
68.9x51.5%ر.س11.8b

Price-To-Earnings vs Peers: 2330 is expensive based on its Price-To-Earnings Ratio (68.1x) compared to the peer average (17x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a21.6%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a21.6%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: 2330 is expensive based on its Price-To-Earnings Ratio (68.1x) compared to the Asian Chemicals industry average (19.5x)


Price to Earnings Ratio vs Fair Ratio

What is 2330'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.

2330 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio68.9x
Fair PE Ratio55.5x

Price-To-Earnings vs Fair Ratio: 2330 is expensive based on its Price-To-Earnings Ratio (68.9x) compared to the estimated Fair Price-To-Earnings Ratio (55.5x).


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 (SAR45.4) is trading above our estimate of fair value (SAR39.76)

Significantly Below Fair Value: 2330 is trading above our estimate of fair value.


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.س45.95
ر.س45.56
-0.8%
16.1%ر.س56.00ر.س29.00n/a9
May ’24ر.س47.60
ر.س45.45
-4.5%
16.7%ر.س56.00ر.س29.00n/a9
Apr ’24ر.س47.80
ر.س43.34
-9.3%
25.4%ر.س56.00ر.س15.00n/a9
Mar ’24ر.س47.00
ر.س43.60
-7.2%
25.8%ر.س58.00ر.س15.00n/a9
Feb ’24ر.س45.80
ر.س43.60
-4.8%
25.8%ر.س58.00ر.س15.00n/a9
Jan ’24ر.س42.25
ر.س50.52
+19.6%
17.3%ر.س69.00ر.س39.93n/a10
Dec ’23ر.س41.45
ر.س51.73
+24.8%
15.4%ر.س69.00ر.س43.00n/a10
Nov ’23ر.س43.75
ر.س55.51
+26.9%
17.2%ر.س75.00ر.س43.56n/a10
Oct ’23ر.س44.65
ر.س57.50
+28.8%
17.9%ر.س78.00ر.س44.00n/a10
Sep ’23ر.س49.00
ر.س59.90
+22.3%
18.8%ر.س78.00ر.س44.00n/a10
Aug ’23ر.س51.90
ر.س60.26
+16.1%
18.8%ر.س78.00ر.س44.00n/a10
Jul ’23ر.س51.40
ر.س61.55
+19.7%
17.7%ر.س78.00ر.س44.00n/a10
Jun ’23ر.س57.50
ر.س63.94
+11.2%
17.2%ر.س78.00ر.س44.00ر.س44.509
May ’23ر.س67.10
ر.س60.97
-9.1%
17.3%ر.س80.00ر.س44.00ر.س47.6010
Apr ’23ر.س70.50
ر.س61.92
-12.2%
12.7%ر.س75.00ر.س47.50ر.س47.809
Mar ’23ر.س64.50
ر.س61.94
-4.0%
12.8%ر.س75.00ر.س47.50ر.س47.009
Feb ’23ر.س62.58
ر.س62.04
-0.9%
12.6%ر.س75.00ر.س47.50ر.س45.809
Jan ’23ر.س58.67
ر.س62.72
+6.9%
12.4%ر.س75.00ر.س47.50ر.س42.259
Dec ’22ر.س58.17
ر.س63.00
+8.3%
12.3%ر.س75.00ر.س47.50ر.س41.459
Nov ’22ر.س61.67
ر.س63.64
+3.2%
11.4%ر.س75.00ر.س47.50ر.س43.759
Oct ’22ر.س62.50
ر.س63.86
+2.2%
12.2%ر.س75.00ر.س47.50ر.س44.659
Sep ’22ر.س59.92
ر.س63.65
+6.2%
12.9%ر.س75.00ر.س45.83ر.س49.009
Aug ’22ر.س61.83
ر.س63.09
+2.0%
13.4%ر.س75.00ر.س45.83ر.س51.909
Jul ’22ر.س60.08
ر.س63.46
+5.6%
13.7%ر.س75.00ر.س45.83ر.س51.409
Jun ’22ر.س68.75
ر.س62.35
-9.3%
14.9%ر.س75.00ر.س45.83ر.س57.509

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


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