Hajras · هجرس

Hajras

Equity Research Report

Saudi Electricity Company

5110 · TASI — Main Market · 2026-07-29

Snapshot

Price16.40 SAR

Market cap68.33B SAR

P/E17.01×

P/B0.27×

ROE1.56%

Dividend yield4.27%

Revenue CAGR12.35%

Valuation (Hajras)

Fair value20.77 SAR

Ratingundervalued

Upside/(downside)26.62%

DCF—

DDM20.77

Graham35.03

Discount rate6.48%

DCF growth8.00%

Financials

SAR	FY22	FY23	FY24	FY25
Revenue	72.08B	75.33B	88.67B	102.22B
Net income	7.47B	2.59B	-1.93B	4.02B
EPS	1.79	0.62	-0.46	0.96
DPS	0.70	0.69	0.70	0.70
Equity	257.05B	256.32B	251.37B	257.68B

This report is for informational purposes only and is not investment advice. Sources: Hajras valuation & financials, Yahoo/SEC EDGAR, and investment-house targets.