Saudi Electricity Valuation
Is 5110 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
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 5110?
Other financial metrics that can be useful for relative valuation.
| What is 5110's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | ر.س90.75b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 2.7x |
| Enterprise Value/EBITDA | 5.3x |
| PEG Ratio | 0.7x |
Price to Earnings Ratio vs Peers
How does 5110's PE Ratio compare to its peers?
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 41.7x | ||
2082 ACWA POWER | 76.6x | 22.8% | ر.س110.0b |
FE FirstEnergy | 52.2x | 12.5% | US$21.4b |
EIX Edison International | 30.9x | 11.6% | US$25.9b |
CEZ CEZ a. s | 8.3x | -7.4% | Kč536.0b |
5110 Saudi Electricity | 13.9x | 19.3% | ر.س90.7b |
Price-To-Earnings vs Peers: 5110 is good value based on its Price-To-Earnings Ratio (13.9x) compared to the peer average (41.7x).
Price to Earnings Ratio vs Industry
How does 5110's PE Ratio compare vs other companies in the Asian Electric Utilities Industry?
Price-To-Earnings vs Industry: 5110 is good value based on its Price-To-Earnings Ratio (13.9x) compared to the Asian Electric Utilities industry average (14.4x)
Price to Earnings Ratio vs Fair Ratio
What is 5110'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 | 13.9x |
| Fair PE Ratio | 32x |
Price-To-Earnings vs Fair Ratio: 5110 is good value based on its Price-To-Earnings Ratio (13.9x) compared to the estimated Fair Price-To-Earnings Ratio (32x).
Share Price vs Fair Value
What is the Fair Price of 5110 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 5110 (SAR21.6) is trading above our estimate of fair value (SAR7.99)
Significantly Below Fair Value: 5110 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?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | ر.س21.60 | ر.س23.90 +10.6% | 13.0% | ر.س27.00 | ر.س20.80 | n/a | 2 |
| May ’24 | ر.س24.32 | ر.س25.45 +4.6% | 6.1% | ر.س27.00 | ر.س23.90 | n/a | 2 |
| Apr ’24 | ر.س23.36 | ر.س25.45 +8.9% | 6.1% | ر.س27.00 | ر.س23.90 | n/a | 2 |
| Mar ’24 | ر.س21.78 | ر.س25.40 +16.6% | 6.3% | ر.س27.00 | ر.س23.80 | n/a | 2 |
| Feb ’24 | ر.س23.22 | ر.س25.40 +9.4% | 6.3% | ر.س27.00 | ر.س23.80 | n/a | 2 |
| Jan ’24 | ر.س23.16 | ر.س25.40 +9.7% | 6.3% | ر.س27.00 | ر.س23.80 | n/a | 2 |
| Dec ’23 | ر.س24.30 | ر.س25.40 +4.5% | 6.3% | ر.س27.00 | ر.س23.80 | n/a | 2 |
| Nov ’23 | ر.س26.50 | ر.س26.53 +0.1% | 2.5% | ر.س27.00 | ر.س25.60 | n/a | 3 |
| Oct ’23 | ر.س24.54 | ر.س27.20 +10.8% | 5.1% | ر.س29.00 | ر.س25.60 | n/a | 3 |
| Sep ’23 | ر.س25.30 | ر.س27.03 +6.9% | 5.9% | ر.س29.00 | ر.س25.10 | n/a | 3 |
| Aug ’23 | ر.س25.45 | ر.س27.23 +7.0% | 5.0% | ر.س29.00 | ر.س25.70 | n/a | 3 |
| Jul ’23 | ر.س24.20 | ر.س27.73 +14.6% | 3.2% | ر.س29.00 | ر.س27.00 | n/a | 3 |
| Jun ’23 | ر.س24.42 | ر.س27.73 +13.6% | 3.2% | ر.س29.00 | ر.س27.00 | ر.س21.60 | 3 |
| May ’23 | ر.س27.05 | ر.س27.30 +0.9% | 4.0% | ر.س29.00 | ر.س26.00 | ر.س24.32 | 4 |
| Apr ’23 | ر.س26.50 | ر.س27.30 +3.0% | 4.0% | ر.س29.00 | ر.س26.00 | ر.س23.36 | 4 |
| Mar ’23 | ر.س28.15 | ر.س26.53 -5.8% | 5.7% | ر.س29.00 | ر.س24.90 | ر.س21.78 | 4 |
| Feb ’23 | ر.س26.40 | ر.س26.15 -0.9% | 6.6% | ر.س29.00 | ر.س24.70 | ر.س23.22 | 4 |
| Jan ’23 | ر.س23.98 | ر.س26.18 +9.2% | 6.5% | ر.س29.00 | ر.س24.80 | ر.س23.16 | 4 |
| Dec ’22 | ر.س23.72 | ر.س25.93 +9.3% | 5.0% | ر.س28.00 | ر.س24.80 | ر.س24.30 | 4 |
| Nov ’22 | ر.س29.40 | ر.س25.95 -11.7% | 4.9% | ر.س28.00 | ر.س24.90 | ر.س26.50 | 4 |
| Oct ’22 | ر.س26.90 | ر.س26.36 -2.0% | 5.3% | ر.س28.00 | ر.س24.90 | ر.س24.54 | 5 |
| Sep ’22 | ر.س28.15 | ر.س25.96 -7.8% | 7.5% | ر.س28.00 | ر.س22.90 | ر.س25.30 | 5 |
| Aug ’22 | ر.س25.75 | ر.س25.16 -2.3% | 7.0% | ر.س28.00 | ر.س22.90 | ر.س25.45 | 5 |
| Jul ’22 | ر.س24.12 | ر.س25.16 +4.3% | 7.0% | ر.س28.00 | ر.س22.90 | ر.س24.20 | 5 |
| Jun ’22 | ر.س24.50 | ر.س25.16 +2.7% | 7.0% | ر.س28.00 | ر.س22.90 | ر.س24.42 | 5 |
Analyst Forecast: Target price is less than 20% higher than the current share price.