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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Ps Multiple | 3.9x - 4.3x | 4.1x |
Selected Fwd Ps Multiple | 2.1x - 2.3x | 2.2x |
Fair Value | ﷼16.47 - ﷼18.20 | ﷼17.33 |
Upside | -6.2% - 3.6% | -1.3% |
Benchmarks | Ticker | Full Ticker |
---|---|---|
Sumou Real Estate Company | 432,300.0% | SASE:4323 |
Arriyadh Development Co. | 415,000.0% | SASE:4150 |
View United Real Estate Development Co. | 959,100.0% | SASE:9591 |
Enma Al Rawabi Company | 952,100.0% | SASE:9521 |
Dar Al Arkan Real Estate Development Company | 430,000.0% | SASE:4300 |
Retal Urban Development Company | 432,200.0% | SASE:4322 |
Select Price / LTM Sales Ratio | ||||||||
Benchmark Companies | ||||||||
4323 | 4150 | 9591 | 9521 | 4300 | 4322 | |||
SASE:4323 | SASE:4150 | SASE:9591 | SASE:9521 | SASE:4300 | SASE:4322 | |||
Historical Sales Growth | ||||||||
5Y CAGR | 19.0% | 5.2% | NM- | 7.4% | 1.5% | 35.2% | ||
3Y CAGR | 60.9% | 8.6% | NM- | 13.2% | 14.7% | 23.9% | ||
Latest Twelve Months | 56.9% | -5.2% | -13.6% | 164.2% | 38.9% | 50.9% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | 49.2% | 98.1% | 21.9% | 58.6% | 11.3% | 17.4% | ||
Prior Fiscal Year | 37.6% | 80.1% | 19.4% | 66.2% | 22.6% | 14.8% | ||
Latest Fiscal Year | 24.8% | 92.1% | 20.1% | 68.3% | 21.0% | 12.9% | ||
Latest Twelve Months | 24.8% | 92.1% | 23.4% | 53.3% | 21.0% | 12.9% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | 17.2x | 40.7x | 13.1x | 15.3x | 19.7x | 26.1x | ||
Price / LTM Sales | 5.1x | 24.8x | 3.0x | 8.2x | 6.7x | 4.2x | ||
LTM P/E Ratio | 20.4x | 26.9x | 12.6x | 15.5x | 32.0x | 32.9x | ||
Low | Mid | High | ||||||
Benchmark LTM P/S Ratio | 3.0x | 6.7x | 24.8x | |||||
Historical LTM P/S Ratio | 0.0x | 3.7x | 4.2x | |||||
Selected Price / Sales Multiple | 3.9x | 4.1x | 4.3x | |||||
(x) LTM Sales | 2,063 | 2,063 | 2,063 | |||||
(=) Equity Value | 8,120 | 8,547 | 8,974 | |||||
(/) Shares Outstanding | 499.2 | 499.2 | 499.2 | |||||
Implied Value Range | 16.26 | 17.12 | 17.98 | |||||
FX Rate: SAR/SAR | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 16.26 | 17.12 | 17.98 | 17.56 | ||||
Upside / (Downside) | -7.4% | -2.5% | 2.4% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | 4323 | 4150 | 9591 | 9521 | 4300 | 4322 | |
Value of Common Equity | 2,188 | 7,977 | 236 | 1,080 | 25,272 | 8,767 | |
(/) Shares Outstanding | 50.0 | 233.9 | 33.0 | 40.0 | 1,080.0 | 499.2 | |
Implied Stock Price | 43.75 | 34.10 | 7.14 | 27.00 | 23.40 | 17.56 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 43.75 | 34.10 | 7.14 | 27.00 | 23.40 | 17.56 | |
Trading Currency | SAR | SAR | SAR | SAR | SAR | SAR | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |