Miahona Company Limited (2084) fair value: what the stock is really worth
As of Nov 2, 2026: fair value (intrinsic value) of Miahona Company Limited stock SAR 18.10, price SAR 8.72, upside +107.6%, quality 54 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 31, 2026.
How to read this chart
29‑month range 7.75 SAR – 43.41 SAR · fair‑value band 5.64 SAR – 27.83 SAR · the 8.72 SAR price screens below the 18.10 SAR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 31, 2026.
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Miahona Company Limited provides water facilities and water treatment services in the Kingdom of Saudi Arabia.
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It engages in the production, transportation, and distribution of water; construction of the non-residential buildings, such as schools, hospitals, hotels, etc.; construction, operation, and maintenance of water desalination stations and plants, water and wastewater networks, and torrents networks; developing and operating of industrial cities; and constructing and operating of electricity stations.
The company is also involved in the purchase of lands for constructions; developing and investing in buildings by sale and rent; drilling of various water wells; construction, operation, repair, and maintenance of sewer systems or sewer treatment facilities, sewage disposals plants, and pumping stations; construction of utility projects; and operation and maintenance of water supply, sanitation, waste management, and treatment activities.
In addition, it engages in water technology and re-use of water activities; and recycling of water treatment and networks, as well as undertakes public construction contracting, piping, electrical, mechanical, maintenance, operation, and road works.
Further, the company engages in building construction and electrical installations. The company was incorporated in 2008 and is headquartered in Riyadh, the Kingdom of Saudi Arabia. Miahona Company Limited operates as a subsidiary of Vision International Investment Company.
Stock analysis
Miahona Company Limited (2084) currently trades at 8.72 SAR, while our model-based Fair Value estimate is 18.10 SAR, implying the stock looks roughly 51.8% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 17.28 SAR per share, and 7 of the 13 models we run sit above the 8.72 SAR price.
Bear case: the Economic Profit group reads lowest at 3.66 SAR, and 6 of the 13 models stay below the price. Data coverage for this calculation is high.
Scenario range: 5.64 SAR (bear) to 27.83 SAR (bull), the price of 8.72 SAR sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 54/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Miahona Company Limited reported revenue of 700M SAR in FY2025 versus 256M SAR in FY2021, a compound +28.6%/yr. Reported net income was 72.4M SAR in FY2025, compounding +30.0%/yr from FY2021.
Key figures
Market cap 1.4B SAR (≈ $374M) Small · P/E ratio 218.0 · P/S ratio 2.46 · EPS (TTM) 0.0400 SAR · Dividend yield 1.7% · Net margin 1.6% · Return on equity 2.5% · Return on assets (EBIT) 5.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 33 out of 100 (low confidence).
What moves the price
The share trades about 62% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 12% fair-value upside, at 108%, 2084 screens cheaper than that median.
Fair Value models
Bear5.64 SARFair Value 18.10 SARBull27.83 SAR
Price 8.72 SAR · Upside +107.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘ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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.90/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+81.7%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+36.3%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+25.1%
Start year 2020 (pandemic)
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−24.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−25.7%
Dividend (yield on the price)1.7%
Profit margin 2020 to 2025 ⓘ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.13% → 15%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+2.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Saudi Arabia: IMF forecast 2.1% a year to 2030, 1.7% from 2016 to 2025) that is about +0.4% a year for the price.
Compare Miahona Company Limited with another stock
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Peer Groupⓘ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.Conglomerates · 311 stocks
Beats the industry median on 4/14 measures
Overall it trails its industry peers.
Valuation
Quality Score54 · Above median
Fair Value upside+107.6% · Top 25%
Profitability
Return on equity (12 months)2.5% · Below median
Return on assets4.3% · Above median
Net margin (12 months)1.6% · Bottom 25%
Operating margin (12 months)4.0% · Below median
Growth and dividend
Revenue growth (quarter YoY)−37.8% · Bottom 25%
Dividend yield (12 months)1.7% · Below median
Balance sheet
Debt / equity1.53× · Highest 25%
Valuation Multiplesvs Conglomerates median · lower = cheaper
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.
Cite: Fair Value Calculator (2026). "Miahona Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/2084
Frequently asked questions
Is Miahona Company Limited (2084) overvalued or undervalued?
As of Oct 31, 2026, our model estimates a fair value of 18.10 SAR versus a price of 8.72 SAR, about +108% upside (undervalued).
What is the fair value of 2084?
Our model-based fair value for Miahona Company Limited is 18.10 SAR (as of Oct 31, 2026), built from audited fundamentals. The current price: 8.72 SAR.
What is the quality score of 2084?
Miahona Company Limited has a Quality Score of 54/100. 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 Miahona Company Limited (2084)?
Our model-based price target is the fair value of 18.10 SAR (as of Oct 31, 2026) from 13 valuation models. Cautious scenario 5.64 SAR, optimistic scenario 27.83 SAR. It is a calculation from audited fundamentals, not an analyst target.
What is the Miahona Company Limited stock forecast for 2026?
Our models put fair value at 18.10 SAR, about +108% upside versus a price of 8.72 SAR (undervalued). Cautious scenario 5.64 SAR, optimistic scenario 27.83 SAR. The calculation is refreshed regularly with new filings.
What is the revenue of Miahona Company Limited (2084)?
Miahona Company Limited reported trailing-twelve-month revenue of about 572M SAR (latest available figure, as of Oct 31, 2026).
Does Miahona Company Limited pay a dividend?
Miahona Company Limited currently shows a dividend yield of 1.72% relative to its recent price (as of Oct 31, 2026).
What growth is priced into Miahona Company Limited (2084)?
For today's price to be fair in a discounted-cash-flow model, Miahona Company Limited would have to grow free cash flow by +2.4 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +25.1 % per year. As of Oct 31, 2026.
What discount rate (WACC) does the fair value of 2084 use?
Our models discount Miahona Company Limited at 10.3 %: a base by market capitalisation (small), damped by beta 0.21, country premium for Saudi Arabia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Miahona Company Limited that is +2.4 % per year a year over ten years, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has Miahona Company Limited (2084) delivered so far?
Over the past 5 years revenue at Miahona Company Limited grew +25.1 % a year. The price currently implies +2.4 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Miahona Company Limited (2084) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Miahona Company Limited (+2.4 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Miahona Company Limited (2084)?
The free-cash-flow yield on the price is 10.27 %: that much free cash flow Miahona Company Limited produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Miahona Company Limited (2084)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Miahona Company Limited it is 18.10 SAR per share (as of Oct 31, 2026), against a price of 8.72 SAR. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Miahona Company Limited stock overvalued or undervalued in 2026?
As of Oct 31, 2026, 2084 trades below its calculated fair value: price 8.72 SAR, fair value 18.10 SAR, a gap of about +108% (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 2084?
No. The price is what the market pays today (8.72 SAR); the fair value is what the company's own numbers justify (18.10 SAR). For Miahona Company Limited the two are 9.38 SAR per share apart. That gap is exactly why we show both numbers side by side.
How much is Miahona Company Limited worth?
The market values Miahona Company Limited at about 1.4B SAR (market capitalisation, as of Oct 31, 2026). Per share that is 8.72 SAR; our models calculate a fair value of 18.10 SAR per share.
What do the bullish and bearish scenarios say about 2084?
Our models span a range for Miahona Company Limited: cautious scenario 5.64 SAR, base 18.10 SAR, optimistic 27.83 SAR per share (as of Oct 31, 2026, price 8.72 SAR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2084?
Miahona Company Limited trades at a price-to-earnings ratio of 218.0 (as of Oct 31, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 18.10 SAR is built from several models across several years. Other multiples: P/B 3.0, P/S 2.5, EV/EBITDA 33.2.
How solid is the balance sheet of Miahona Company Limited (2084)?
Balance-sheet figures for Miahona Company Limited (as of Oct 31, 2026): return on equity 2.5%, debt of 1.53 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is 2084 from its 52-week high?
Miahona Company Limited trades at 8.72 SAR, about 62% below its 52-week high of 23.09 SAR and 13% above the low of 7.75 SAR (as of Nov 2, 2026). Distance from the high says nothing about value: that is what the fair value of 18.10 SAR is for.
Which stocks are comparable to Miahona Company Limited?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, Swire Pacific Limited, SGH Limited, 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 Miahona Company Limited stock attractive at the current price?
The data as of Oct 31, 2026: price 8.72 SAR, calculated fair value 18.10 SAR (+108%), Quality Score 54/100, from 13 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 2084 calculated?
We run Miahona Company Limited through 13 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 18.10 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 14.9 % above its aggregate fair value. Miahona Company Limited currently trades 52 % 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 is it worth investing now.
What is the share price of Miahona Company Limited (2084)?
The closing price on Nov 2, 2026 was 8.72 SAR. Our model-based fair value is 18.10 SAR, about +108% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Miahona Company Limited right now?
The model range is unusually wide (5.64 SAR to 27.83 SAR). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Miahona Company Limited
How large is the market capitalisation of Miahona Company Limited (2084)?
The market capitalisation of Miahona Company Limited is 1.4B SAR (≈ $374M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Miahona Company Limited (2084)?
The price-to-sales ratio of Miahona Company Limited is 2.46 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Miahona Company Limited (2084)?
Earnings per share at Miahona Company Limited are 0.0400 SAR (price ÷ EPS = P/E 218.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Miahona Company Limited (2084)?
The dividend yield of Miahona Company Limited is 1.7%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Miahona Company Limited (2084)?
The net margin of Miahona Company Limited is 1.6% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Miahona Company Limited (2084)?
The return on equity (ROE) of Miahona Company Limited is 2.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Miahona Company Limited (2084)?
On an EBIT basis the return on assets of Miahona Company Limited is 5.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Miahona Company Limited (2084)?
The operating margin of Miahona Company Limited is 4.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Miahona Company Limited (2084)?
Revenue at Miahona Company Limited is growing −37.8% versus a year earlier (3y avg +36.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Miahona Company Limited (2084)?
Earnings per share at Miahona Company Limited are growing −61.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Miahona Company Limited (2084) carry?
The net debt of Miahona Company Limited is 527M SAR (fiscal year 2025, ≈ 3.7 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Oct 31, 2026