Sustained Infrastructure Holding Company

SASE:2190 Stock Report

Market Cap: ر.س2.4b

Sustained Infrastructure Holding Valuation

Is 2190 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 2190 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
ر.س61.51
Fair Value
52.4% undervalued intrinsic discount
3
Number of Analysts

Below Fair Value: 2190 (SAR29.25) is trading below our estimate of fair value (SAR61.51)

Significantly Below Fair Value: 2190 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2190?

Key metric: As 2190 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 2190. This is calculated by dividing 2190's market cap by their current earnings.
What is 2190's PE Ratio?
PE Ratio52.7x
Earningsر.س45.16m
Market Capر.س2.36b

Price to Earnings Ratio vs Peers

How does 2190's PE Ratio compare to its peers?

The above table shows the PE ratio for 2190 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average44.6x
4261 Theeb Rent A Car
15.5x9.80%ر.س2.8b
4040 Saudi Public Transport
118.8xn/aر.س1.8b
4031 Saudi Ground Services
25.6x10.16%ر.س9.0b
4262 Lumi Rental
18.4x11.72%ر.س3.5b
2190 Sustained Infrastructure Holding
52.7x36.73%ر.س2.4b

Price-To-Earnings vs Peers: 2190 is expensive based on its Price-To-Earnings Ratio (52.7x) compared to the peer average (44.6x).

Price to Earnings Ratio vs Industry

How does 2190's PE Ratio compare vs other companies in the Asian Infrastructure Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
2190 52.7xIndustry Avg. 13.9xNo. of Companies25PE0816243240+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 2190 is expensive based on its Price-To-Earnings Ratio (52.7x) compared to the Asian Infrastructure industry average (13.9x).

Price to Earnings Ratio vs Fair Ratio

What is 2190'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.

2190 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio52.7x
Fair PE Ratio29.6x

Price-To-Earnings vs Fair Ratio: 2190 is expensive based on its Price-To-Earnings Ratio (52.7x) compared to the estimated Fair Price-To-Earnings Ratio (29.6x).

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 2190 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentر.س29.25
ر.س41.13
+40.63%
0.46%ر.س41.40ر.س41.00n/a3
May ’26ر.س29.40
ر.س41.13
+39.91%
0.46%ر.س41.40ر.س41.00n/a3
Apr ’26ر.س30.10
ر.س41.13
+36.66%
0.46%ر.س41.40ر.س41.00n/a3
Mar ’26ر.س30.60
ر.س41.20
+34.64%
0.49%ر.س41.40ر.س41.00n/a2
Feb ’26ر.س35.90
ر.س41.20
+14.76%
0.49%ر.س41.40ر.س41.00n/a2
Sep ’25ر.س33.75
ر.س35.70
+5.78%
15.97%ر.س41.40ر.س30.00n/a2
Aug ’25ر.س34.00
ر.س35.70
+5.00%
15.97%ر.س41.40ر.س30.00n/a2
Jul ’25ر.س38.75
ر.س29.85
-22.97%
0.50%ر.س30.00ر.س29.70n/a2
Jun ’25ر.س35.70
ر.س29.85
-16.39%
0.50%ر.س30.00ر.س29.70n/a2
May ’25ر.س38.10
ر.س29.85
-21.65%
0.50%ر.س30.00ر.س29.70ر.س29.402
Apr ’25ر.س38.70
ر.س29.85
-22.87%
0.50%ر.س30.00ر.س29.70ر.س30.102
Mar ’25ر.س31.25
ر.س29.85
-4.48%
0.50%ر.س30.00ر.س29.70ر.س30.602
Feb ’25ر.س30.50
ر.س31.85
+4.43%
6.75%ر.س34.00ر.س29.70ر.س35.902
Jan ’25ر.س30.25
ر.س31.85
+5.29%
6.75%ر.س34.00ر.س29.70ر.س31.702
Dec ’24ر.س27.70
ر.س31.85
+14.98%
6.75%ر.س34.00ر.س29.70ر.س29.252
Nov ’24ر.س24.78
ر.س31.05
+25.30%
9.50%ر.س34.00ر.س28.10ر.س30.252
AnalystConsensusTarget
Consensus Narrative from 3 Analysts
ر.س41.13
Fair Value
28.9% undervalued intrinsic discount
3
Number of Analysts

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 Analysis2025/05/21 22:46
End of Day Share Price 2025/05/21 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

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.

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 Github.

Analyst Sources

Sustained Infrastructure Holding Company is covered by 4 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Danish KazmiAl Rajhi Capital
Nour SherifArqaam Capital Research Offshore S.A.L.
Mohamed ElmessiryCI Capital Research