Najran Cement Valuation
Is 3002 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
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 3002 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 3002 (SAR9.88) is trading above our estimate of fair value (SAR2.62)
Significantly Below Fair Value: 3002 is trading above our estimate of fair value.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 3002?
Other financial metrics that can be useful for relative valuation.
| What is 3002's n/a Ratio? | |
|---|---|
| n/a | 0x |
| n/a | n/a |
| Market Cap | ر.س1.68b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 3.9x |
| Enterprise Value/EBITDA | 10.1x |
| PEG Ratio | 7.7x |
Price to Earnings Ratio vs Peers
How does 3002's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 29.1x | ||
3004 Northern Region Cement | 30.9x | n/a | ر.س1.7b |
3001 Hail Cement | 44.2x | n/a | ر.س1.1b |
3091 Al Jouf Cement | 14.6x | n/a | ر.س1.2b |
3090 Tabuk Cement | 26.7x | -3.5% | ر.س1.1b |
3002 Najran Cement | 16.8x | 2.2% | ر.س1.7b |
Price-To-Earnings vs Peers: 3002 is good value based on its Price-To-Earnings Ratio (16.8x) compared to the peer average (29.1x).
Price to Earnings Ratio vs Industry
How does 3002's PE Ratio compare vs other companies in the SA Basic Materials Industry?
Price-To-Earnings vs Industry: 3002 is good value based on its Price-To-Earnings Ratio (16.8x) compared to the SA Basic Materials industry average (26.6x).
Price to Earnings Ratio vs Fair Ratio
What is 3002'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 16.8x |
| Fair PE Ratio | 14.3x |
Price-To-Earnings vs Fair Ratio: 3002 is expensive based on its Price-To-Earnings Ratio (16.8x) compared to the estimated Fair Price-To-Earnings Ratio (14.3x).
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.س9.88 | ر.س10.75 +8.8% | 2.3% | ر.س11.00 | ر.س10.50 | n/a | 2 |
| Apr ’25 | ر.س10.18 | ر.س12.75 +25.2% | 13.7% | ر.س14.50 | ر.س11.00 | n/a | 2 |
| Mar ’25 | ر.س10.36 | ر.س12.75 +23.1% | 13.7% | ر.س14.50 | ر.س11.00 | n/a | 2 |
| Feb ’25 | ر.س10.28 | ر.س12.75 +24.0% | 13.7% | ر.س14.50 | ر.س11.00 | n/a | 2 |
| Jan ’25 | ر.س11.44 | ر.س14.70 +28.5% | 15.6% | ر.س17.60 | ر.س12.00 | n/a | 3 |
| Dec ’24 | ر.س11.54 | ر.س14.70 +27.4% | 15.6% | ر.س17.60 | ر.س12.00 | n/a | 3 |
| Nov ’24 | ر.س10.66 | ر.س14.70 +37.9% | 15.6% | ر.س17.60 | ر.س12.00 | n/a | 3 |
| Oct ’24 | ر.س12.22 | ر.س14.70 +20.3% | 15.6% | ر.س17.60 | ر.س12.00 | n/a | 3 |
| Sep ’24 | ر.س12.50 | ر.س14.70 +17.6% | 15.6% | ر.س17.60 | ر.س12.00 | n/a | 3 |
| Aug ’24 | ر.س12.94 | ر.س16.30 +26.0% | 8.0% | ر.س17.60 | ر.س15.00 | n/a | 2 |
| Jul ’24 | n/a | ر.س16.30 0% | 8.0% | ر.س17.60 | ر.س15.00 | n/a | 2 |
| Jun ’24 | ر.س13.92 | ر.س14.80 +6.3% | 1.9% | ر.س15.00 | ر.س14.40 | n/a | 3 |
| May ’24 | ر.س14.70 | ر.س14.80 +0.7% | 1.9% | ر.س15.00 | ر.س14.40 | n/a | 3 |
| Apr ’24 | ر.س12.96 | ر.س14.80 +14.2% | 1.9% | ر.س15.00 | ر.س14.40 | ر.س10.18 | 3 |
| Mar ’24 | ر.س12.32 | ر.س14.80 +20.1% | 1.9% | ر.س15.00 | ر.س14.40 | ر.س10.36 | 3 |
| Feb ’24 | ر.س12.66 | ر.س14.80 +16.9% | 1.9% | ر.س15.00 | ر.س14.40 | ر.س10.28 | 3 |
| Jan ’24 | ر.س12.22 | ر.س16.13 +32.0% | 12.7% | ر.س19.00 | ر.س14.40 | ر.س11.44 | 3 |
| Dec ’23 | ر.س12.28 | ر.س17.00 +38.4% | 11.8% | ر.س19.00 | ر.س15.00 | ر.س11.54 | 2 |
| Nov ’23 | ر.س12.40 | ر.س19.33 +55.9% | 19.0% | ر.س24.00 | ر.س15.00 | ر.س10.66 | 3 |
| Oct ’23 | ر.س12.70 | ر.س19.33 +52.2% | 19.0% | ر.س24.00 | ر.س15.00 | ر.س12.22 | 3 |
| Sep ’23 | ر.س13.70 | ر.س19.33 +41.1% | 19.0% | ر.س24.00 | ر.س15.00 | ر.س12.50 | 3 |
| Aug ’23 | ر.س15.34 | ر.س20.00 +30.4% | 14.7% | ر.س24.00 | ر.س17.00 | ر.س12.94 | 3 |
| Jul ’23 | ر.س14.76 | ر.س20.00 +35.5% | 14.7% | ر.س24.00 | ر.س17.00 | n/a | 3 |
| Jun ’23 | ر.س16.36 | ر.س20.50 +25.3% | 17.1% | ر.س24.00 | ر.س17.00 | ر.س13.92 | 2 |
| May ’23 | ر.س18.36 | ر.س21.50 +17.1% | 11.6% | ر.س24.00 | ر.س19.00 | ر.س14.70 | 2 |
Analyst Forecast: Target price is less than 20% higher than the current share price.