Alkhorayef Water and Power Technologies Company

SASE:2081 Stock Report

Market Cap: ر.س5.2b

Alkhorayef Water and Power Technologies Valuation

Is 2081 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-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 2081 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2081 (SAR149.2) is trading below our estimate of fair value (SAR461.29)

Significantly Below Fair Value: 2081 is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2081?

Key metric: As 2081 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 2081. This is calculated by dividing 2081's market cap by their current earnings.
What is 2081's PE Ratio?
PE Ratio27.5x
Earningsر.س189.83m
Market Capر.س5.18b

Price to Earnings Ratio vs Peers

How does 2081's PE Ratio compare to its peers?

The above table shows the PE ratio for 2081 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average40.8x
2084 Miahona
79.3xn/aر.س4.5b
2080 National Gas and Industrialization
33.1xn/aر.س7.7b
2083 Power and Water Utility Company for Jubail and Yanbu
39.2xn/aر.س14.2b
000685 Zhongshan Public Utilities GroupLtd
11.7xn/aCN¥13.6b
2081 Alkhorayef Water and Power Technologies
27.5x21.8%ر.س5.2b

Price-To-Earnings vs Peers: 2081 is good value based on its Price-To-Earnings Ratio (27.5x) compared to the peer average (40.7x).


Price to Earnings Ratio vs Industry

How does 2081's PE Ratio compare vs other companies in the Asian Water Utilities Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
2081 27.5xIndustry Avg. 15.2xNo. of Companies7PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 2081 is expensive based on its Price-To-Earnings Ratio (27.5x) compared to the Asian Water Utilities industry average (15.2x).


Price to Earnings Ratio vs Fair Ratio

What is 2081'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.

2081 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27.5x
Fair PE Ratio29.2x

Price-To-Earnings vs Fair Ratio: 2081 is good value based on its Price-To-Earnings Ratio (27.5x) compared to the estimated Fair Price-To-Earnings Ratio (29.2x).


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 2081 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentر.س149.20
ر.س147.50
-1.1%
12.5%ر.س166.00ر.س129.00n/a2
Dec ’25ر.س142.80
ر.س147.50
+3.3%
12.5%ر.س166.00ر.س129.00n/a2
Nov ’25ر.س160.60
ر.س147.50
-8.2%
12.5%ر.س166.00ر.س129.00n/a2
Oct ’25ر.س161.00
ر.س147.50
-8.4%
12.5%ر.س166.00ر.س129.00n/a2
Sep ’25ر.س183.00
ر.س147.50
-19.4%
12.5%ر.س166.00ر.س129.00n/a2
Aug ’25ر.س181.20
ر.س147.29
-18.7%
12.7%ر.س166.00ر.س128.57n/a2
Jul ’25ر.س183.40
ر.س147.29
-19.7%
12.7%ر.س166.00ر.س128.57n/a2
Jun ’25ر.س161.00
ر.س126.43
-21.5%
1.7%ر.س128.57ر.س124.29n/a2
May ’25ر.س162.86
ر.س117.50
-27.9%
5.8%ر.س124.29ر.س110.71n/a2
Apr ’25ر.س157.00
ر.س117.50
-25.2%
5.8%ر.س124.29ر.س110.71n/a2
Mar ’25ر.س173.29
ر.س117.50
-32.2%
5.8%ر.س124.29ر.س110.71n/a2
Feb ’25ر.س154.00
ر.س117.50
-23.7%
5.8%ر.س124.29ر.س110.71n/a2
Jan ’25ر.س142.57
ر.س117.50
-17.6%
5.8%ر.س124.29ر.س110.71n/a2
Dec ’24ر.س112.00
ر.س117.50
+4.9%
5.8%ر.س124.29ر.س110.71ر.س142.802
Nov ’24ر.س97.86
ر.س116.07
+18.6%
4.6%ر.س121.43ر.س110.71ر.س160.602
Oct ’24ر.س100.29
ر.س116.07
+15.7%
4.6%ر.س121.43ر.س110.71ر.س161.002
Sep ’24ر.س109.29
ر.س116.67
+6.8%
3.8%ر.س121.43ر.س110.71ر.س183.003
Aug ’24ر.س114.29
ر.س109.76
-4.0%
12.8%ر.س121.43ر.س90.00ر.س181.203
Jul ’24n/a
ر.س109.76
0%
12.8%ر.س121.43ر.س90.00ر.س183.403
Jun ’24ر.س109.86
ر.س109.76
-0.09%
12.8%ر.س121.43ر.س90.00ر.س161.003
May ’24ر.س104.14
ر.س108.33
+4.0%
12.0%ر.س117.86ر.س90.00ر.س162.863
Apr ’24ر.س95.29
ر.س107.38
+12.7%
13.3%ر.س117.86ر.س87.14ر.س157.003
Mar ’24ر.س98.00
ر.س107.38
+9.6%
13.3%ر.س117.86ر.س87.14ر.س173.293
Feb ’24ر.س102.14
ر.س102.14
+0.0%
14.7%ر.س117.14ر.س87.14ر.س154.002
Jan ’24ر.س101.57
ر.س102.14
+0.6%
14.7%ر.س117.14ر.س87.14ر.س142.572
Dec ’23ر.س101.43
ر.س102.14
+0.7%
14.7%ر.س117.14ر.س87.14ر.س112.002

Analyst Forecast: Target price is lower than the current share price.


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