Saudi Electricity Company (5110) fair value: what the stock is really worth
We calculate from audited financials what Saudi Electricity Company is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
Check the quality50 and up solid, 75 and up strong
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Utilities · SA · Market cap 67.8B SAR (≈ $18.1B) · ISIN SA0007879550
At a glance
SESaudi Electricity Company5110 · SR
Price16.28 SAR
Fair Value45.43 SAR
Upside+179.1%
Quality47/100
Below-average quality, trading 64% below our fair value of 45.43 SAR.
As of Aug 13, 2026, the fair value of Saudi Electricity Company is 45.43 SAR per share against a price of 16.28 SAR, so the fair value sits 179% above the price. A model estimate from reported figures, not an analyst target.
!Expensive Growth (revenue 5y +8.3 %/yr)
✓Solidly profitable · 13.3% net margin
!High debt · negative free cash flow
·4.30% dividend yield
✓Ranks above peers (9/13)
!Moderate moat 45/100
!Weak on past: 21 out of 100
!Weak on balance sheet: 2 out of 100
Evidence: HighRange 31.80 SAR to 66.17 SAR
Fair value as of: Aug 13, 2026
From 16 valuation models · updated 28 days ago
Share price −4.0% over the past month.
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69 individual criteria per stock, every one traceable See the method →
What matters now
The price is below even our cautious bear case (31.80 SAR). The market is more pessimistic than our downside scenario.
Solid quality (47/100) at a price below fair value, the discount is the argument here, not the business quality.
A fairly wide model range (31.80 SAR to 66.17 SAR) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range 11.25 SAR – 25.65 SAR · fair‑value band 31.80 SAR – 66.17 SAR · the 16.28 SAR price screens below the 45.43 SAR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 13, 2026.
Saudi Electricity Company (5110) currently trades at 16.28 SAR, while our model-based Fair Value estimate is 45.43 SAR, implying the stock looks roughly 64.2% undervalued today. The Quality Score stands at 47/100 (below-average quality), in the Utilities sector. Bull case: the Growth Earnings group reads highest at a median of 45.43 SAR per share, and 11 of the 16 models we run sit above the 16.28 SAR price. Bear case: the Economic Profit group reads lowest at 5.64 SAR, and 5 of the 16 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Saudi Electricity Company generated revenue of 104B SAR at a net margin of 13.3%. Revenue grew 9.4% year over year. It earns a return on equity of 5.4%. Net debt stands at 372B SAR. Fundamentals as of Aug 13, 2026
Scenario range: 31.80 SAR (bear) to 66.17 SAR (bull), the price of 16.28 SAR sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 12% below its 52-week high and 29% above its 52-week low, currently above its 200-day average. For context, the median of 10 Utilities peers we cover trades at −38% fair-value upside, at 179%, 5110 screens cheaper than that median.
Fair Value models
Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then (0.3132 SAR per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
ModelBear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence
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Key figures & financial health
P/E ratio14.2
P/S ratio1.80P/E × margin
EPS (TTM)1.15 SARprice ÷ EPS = P/E 14.2
Dividend yield4.3%payout 60.9%
Net margin12.7%FY2025
Return on equity5.4%TTM
More key figures
Profitability
Return on assets (EBIT)3.1%avg 5y
Operating margin14.3%TTM
Growth
Revenue (TTM)104B SARTTM
Revenue growth (YoY)+9.4%3y avg +12.3%
EPS growth (YoY)−35.0%
Balance sheet & cash flow
Free cash flow−43.1B SARFY2025
Net debt372B SARFY2025
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality47/100
Of which business quality 44
· Market factors (momentum, volatility) 65
Profitability30
Margins and returns on capital today
Quality Growth66
Are margins and returns improving?
Cashflow50
Earnings quality: real cash, not paper profit
Fin. Strength6
Balance sheet, leverage, solvency risk
Investment50
Disciplined investing over empire-building
Low Volatility92
Calm price path (market factor)
Momentum54
Price trend over the last 3–12 months (market factor)
52W Momentum55
Distance to the 52-week high (market factor)
Net Issuance82
Buybacks instead of dilution
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Saudi Energy Company, together with its subsidiaries, generates, transmits, and distributes electricity in the Kingdom of Saudi Arabia. It operates through Generation, Transmission, Distribution and Subscriber Services, and Others segments.
Full company description
Saudi Energy Company, together with its subsidiaries, generates, transmits, and distributes electricity in the Kingdom of Saudi Arabia. It operates through Generation, Transmission, Distribution and Subscriber Services, and Others segments. The company engages in the construction, lease, management, and operation of electric and fiber optic networks to provide telecommunication services; electricity transmission activities; management of construction projects; development of detailed designs; purchase of materials; execution of projects in the energy sector; water purification and desalination; wireless telecommunication activities; management of computing facilities; preparation of data hosting sites on networks; development, management, lease, buy, and sale of land and real estate; and investment activities. In addition, it provides support services for the issuance of international bonds and sukuks, and wholesale services for infrastructures. It serves governmental, industrial, agricultural, commercial, and residential consumers. The company was formerly known as Saudi Electricity Company and change its name to Saudi Energy Company in March 2026. The company was incorporated in 2000 and is based in Riyadh, the Kingdom of Saudi Arabia.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Saudi Electricity Company reported revenue of 102B SAR in FY2025 versus 69.3B SAR in FY2021, a compound +10.2%/yr. Reported net income was 13.0B SAR in FY2025, compounding −2.6%/yr from FY2021.
Growth Quality 44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
102B SAR
Latest YoY
+15.3%
Avg. revenue growth/yr (3Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+12.3%
Avg. revenue growth/yr (5Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+8.3%
Avg. revenue growth/yr (19Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+9.1%
Value creation/yr (5Y) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+38.1%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+33.8%
Dividend yield4.3%
Trend ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5Y 33.8% vs 10Y 19.9%, picking up
Operating margin (EBIT) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.11.1% (2020) → 18.4% (2025) · rising
Worst earnings drop166% (2008) (loss year, drop beyond 100%) · in SAR
Revenue+10.2%/yr
FY2169.3B SAR
FY2272.1B SAR
FY2375.3B SAR
FY2488.7B SAR
FY25102B SAR
Net income−2.6%/yr
FY2114.4B SAR
FY2215.1B SAR
FY2310.2B SAR
FY24−1.9B SAR
FY2513.0B SAR
Character of growth · EPS growth decomposed (2014-2025)+19.0 % p.a.
Revenue per share+8.3 %
of which total revenue +8.3 % · buybacks/dilution +0.0 %
EBIT margin+19.9 %
Tax rate−0.3 %
Residual (interest, one-offs)−8.0 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
This stockSector peers
VALUE100· sector 3
FUTURE47· sector 32
PAST21· sector 39
HEALTH2· sector 53
DIVIDEND86· sector 64
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
None of the checked exposures detected
Similar stocks
10 more Utilities - Regulated Electric stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
Is Saudi Electricity Company (5110) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 45.43 SAR versus a price of 16.28 SAR, about +179% upside (undervalued).
What is the fair value of 5110?
Our model-based fair value for Saudi Electricity Company is 45.43 SAR (as of Aug 13, 2026), built from audited fundamentals. The current price: 16.28 SAR.
What is the quality score of 5110?
Saudi Electricity Company has a Quality Score of 47/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Saudi Electricity Company (5110)?
Our model-based price target is the fair value of 45.43 SAR (as of Aug 13, 2026) from 16 valuation models. Cautious scenario 31.80 SAR, optimistic scenario 66.17 SAR. It is a calculation from audited fundamentals, not an analyst target.
What is the Saudi Electricity Company stock forecast for 2026?
Our models put fair value at 45.43 SAR, about +179% upside versus a price of 16.28 SAR (undervalued). Cautious scenario 31.80 SAR, optimistic scenario 66.17 SAR. The calculation is refreshed regularly with new filings.
What is the revenue of Saudi Electricity Company (5110)?
Saudi Electricity Company reported trailing-twelve-month revenue of about 104B SAR (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 5110?
The net profit margin of Saudi Electricity Company is about 13.3%, meaning it keeps roughly 13.3% of revenue as net income. Based on the latest reported figures.
Does Saudi Electricity Company pay a dividend?
Saudi Electricity Company currently shows a dividend yield of about 4.30% relative to its recent price (as of Aug 13, 2026).
What is the intrinsic value of Saudi Electricity Company (5110)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Saudi Electricity Company it is 45.43 SAR per share (as of Aug 13, 2026), against a price of 16.28 SAR. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Saudi Electricity Company stock overvalued or undervalued in 2026?
As of Aug 13, 2026, 5110 trades below its calculated fair value: price 16.28 SAR, fair value 45.43 SAR, a gap of about +179% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 5110?
No. The price is what the market pays today (16.28 SAR); the fair value is what the company's own numbers justify (45.43 SAR). For Saudi Electricity Company the two are 29.15 SAR per share apart. That gap is exactly why we show both numbers side by side.
How much is Saudi Electricity Company worth?
The market values Saudi Electricity Company at about 67.8B SAR (market capitalisation, as of Aug 13, 2026). Per share that is 16.28 SAR; our models calculate a fair value of 45.43 SAR per share.
What do the bullish and bearish scenarios say about 5110?
Our models span a range for Saudi Electricity Company: cautious scenario 31.80 SAR, base 45.43 SAR, optimistic 66.17 SAR per share (as of Aug 13, 2026, price 16.28 SAR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 5110?
Saudi Electricity Company trades at a price-to-earnings ratio of 14.2 (as of Aug 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 45.43 SAR is built from several models across several years. Other multiples: P/B 0.8, P/S 0.7, EV/EBITDA 5.6.
How solid is the balance sheet of Saudi Electricity Company (5110)?
Balance-sheet figures for Saudi Electricity Company (as of Aug 13, 2026): return on equity 5.4%, debt of 1.97 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is 5110 from its 52-week high?
Saudi Electricity Company trades at 16.28 SAR, about 12% below its 52-week high of 18.48 SAR and 29% above the low of 12.66 SAR (as of Aug 13, 2026). Distance from the high says nothing about value: that is what the fair value of 45.43 SAR is for.
Which stocks are comparable to Saudi Electricity Company?
From the same area (Utilities) we also value NextEra Energy, Inc, The Southern Company, Duke Energy Corporation, National Grid plc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Saudi Electricity Company stock attractive at the current price?
The data as of Aug 13, 2026: price 16.28 SAR, calculated fair value 45.43 SAR (+179%), Quality Score 47/100, from 16 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 5110 calculated?
We run Saudi Electricity Company through 16 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 45.43 SAR, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 32.6 % above its aggregate fair value. Saudi Electricity Company currently trades 179 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on <a href="/is-it-worth-investing-now/">is it worth investing now</a>.
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