MARAFIQ (Power and Water Utility Co.) intrinsic value and dividend analysis using DCF, P/B, PEG and PSG models. Includes dividend yield, payout ratio, and dividend sustainability assessment. Sector: Utilities. Listed on Saudi Exchange Tadawul.
Power and Water Utility Company for Jubail and Yanbu (MARAFIQ) supplies electricity, water, and gas to governmental, industrial, commercial, and residential customers in the Jubail and Yanbu industrial cities. Its operations span power generation and distribution, seawater cooling and desalination, and wastewater collection and treatment. Incorporated in 2000, it is based in Jubail.
TASIV estimates this company's intrinsic value using a DCF (Discounted Cash Flow) model. As of TASIV's most recent data refresh, the estimated intrinsic value is SAR 18.84 compared to a market price of SAR 45.30 (Trading significantly above DCF model value). This is an analytical estimate, not investment advice.
Revenue increased steadily by about 9% over the three-year period. Net income was far more volatile, falling by more than 96% in the second year before rebounding sharply, ending about 15% lower overall despite the stable revenue trend. Operating cash flow also fluctuated but ended about 17% higher, a larger increase than either revenue or net income achieved. Overall, the company's historical financial performance shows steady revenue growth alongside considerably more volatile profitability and cash generation.
Over the 3 years on record, dividend per share moved both up and down, from SAR 2.2 to a recent SAR 1.8, with a low of SAR 1.45 and a high of SAR 2.2 along the way. Payments have been made on a Semi-Annual basis throughout this period. The company's dividend history shows no consistent year-over-year direction. Current dividend yield is approximately 3.97%, with a payout ratio of approximately 100.13%.
TASIV's Competitive Advantage assessment for this company is High (63/100), based on profitability, predictability, financial strength, and growth resilience.
Based on TASIV's DCF (Discounted Cash Flow) model, the estimated intrinsic value of MARAFIQ (Power and Water Utility Co.) is approximately SAR 18.84, compared to a current market price of SAR 45.30. This is an analytical estimate based on the company's financial data, not investment advice or a recommendation to buy or sell.
According to TASIV's model, MARAFIQ (Power and Water Utility Co.) is currently "Trading significantly above DCF model value".
MARAFIQ (Power and Water Utility Co.)'s dividend yield is approximately 3.97%, with a payout ratio of approximately 100.13%, based on TASIV's most recent verified data.
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