Saudi Electricity Company (5110) Fair Value & Analysis
Utilities · SA · Market cap 70.7B SAR
Strengths
Risks
Fair value as of: Aug 13, 2026
From 16 valuation models · updated 13 days ago
Share price −3.0% over the past month.
Below-average quality, trading 62% below our fair value.
What runs behind every stock
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 17.25 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.
Analysis
Saudi Electricity Company (5110) currently trades at 17.25 SAR, while our model-based Fair Value estimate is 45.43 SAR, implying the stock looks roughly 163.4% undervalued today. The Quality Score stands at 47/100 (below-average quality), in the Utilities sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
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
Our scenario range runs from 31.80 SAR (bear case) to 66.17 SAR (bull case); at 17.25 SAR, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 7% below its 52-week high and 36% 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 163%, 5110 screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 16 models by family
Widest divergence: Growth Earnings (45.43 SAR) versus Economic Profit (5.64 SAR). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 44 · Market factors (momentum, volatility) 73
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.
of which total revenue +8.3 pp · buybacks/dilution +0.0 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
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Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- 3D Systems’ Saudi Arabian Joint Venture NAMI Obtains Critical Military Manufacturing License for Local Defense Hardware Production
- Mitsubishi Power wins contract for Saudi dual-fuel boiler project
- SMBC Asks Banks to Confirm Saudi Energy Loan Backing Amid War
- Saudi Electricity Company Launches New Corporate Identity, Rebrands as Saudi Energy
Peer Group
Utilities - Regulated Electric · 154 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Utilities - Regulated Electric median · lower = cheaper
Snowflake
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Utilities - Regulated Electric stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| NextEra Energy, Inc NEE | $85.78 | $32.94 | -62% |
| The Southern Company SO | $92.52 | $58.81 | -36% |
| Duke Energy Corporation DUK | $123.99 | $74.89 | -40% |
| National Grid plc NGG | $80.68 | $63.94 | -21% |
| American Electric Power Company AEP | $126.35 | $77.23 | -39% |
| Dominion Energy, Inc D | $66.60 | $46.34 | -30% |
| Entergy Corporation ETR | $108.08 | $52.92 | -51% |
| Xcel Energy Inc XEL | $77.68 | $44.61 | -43% |
| Exelon Corporation EXC | $43.78 | $37.60 | -14% |
| Endesa, S.A ELE | €41.57 | €25.72 | -38% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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