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STOCK COMPARISON

National Co for Glass Industrie vs Smurfit WestRock: Fair Value & Quality

Both stocks run through our valuation models. Here is how National Co for Glass Industrie (2150) and Smurfit WestRock (SW) compare, as of Oct 1, 2026.

As of Oct 1, 2026, Fair Value Calculator sees Smurfit WestRock as the less overvalued of the two: National Co for Glass Industrie trades at SAR 34.78 versus a fair value of SAR 23.53 (−32.3%), while Smurfit WestRock trades at $44.10 versus $44.08 (−0.0%).
National Co for Glass Industrie
2150.SR · SAR · Materials
−32.3%
upside to fair value
overvalued
PriceSAR 34.78
Fair ValueSAR 23.53
Quality47/100
Smurfit WestRock
SW · USD · Materials
−0.0%
upside to fair value
fairly valued
Price$44.10
Fair Value$44.08
Quality39/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

National Co for Glass IndustrieSmurfit WestRock
Valuation
11.8×P/E (TTM)46.9×
n/aForward P/E (FY2027)12.9×
n/aMedian P/E at FY-end (9 FY, ex one-offs where documented)19.1×
8.76×P/S (TTM)0.74×
1.41×P/B1.07×
41.5×EV/EBITDA7.8×
n/aPEG0.28×
−32.3%Fair value upside−0.0%
3.6%Dividend yield4.0%
SAR 1.25Dividend per share$1.77
Profitability
5.1%Operating margin5.5%
n/aEBIT margin trend (5Y)0.68×
12.3%Return on equity2.7%
-0.1%Return on assets2.6%
Growth
9.9%Revenue growth (YoY)1.1%
4.6%Avg. growth/yr (3Y)35.2%
12.4%Avg. growth/yr (5Y)29.6%
+29.3%Value creation/yr+0.9%
Balance & size
n/aInterest coverage (EBIT/interest)2.6×
0.03×Debt / equity0.62×
$308MMarket cap$23B
expensiveGrowth qualitymixed
Smurfit WestRock, median P/E at fiscal year-end, 9 fiscal years (2016 to 2025), reported earnings, 4 of the years ex one-offs: 19.1.
Forward P/E: price divided by the analyst consensus for the first fiscal year that has not started yet. The current year carries special items from quarters already reported.

Smurfit WestRock leads: 3 to 10 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

National Co for Glass Industrieof which business quality 47 · market factors 48 Smurfit WestRockof which business quality 40 · market factors 50
ProfitabilityMargins and returns on capital today
42
26
Quality GrowthAre margins and returns improving?
13
74
CashflowEarnings quality: real cash, not paper profit
21
44
Fin. StrengthBalance sheet, leverage, solvency risk
76
35
InvestmentDisciplined investing over empire-building
51
24
Low VolatilityCalm price path (market factor)
93
51
MomentumPrice trend over the last 3–12 months (market factor)
36
48
52W MomentumDistance to the 52-week high (market factor)
18
52
Net IssuanceShare count: buybacks or dilution?
81
42

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyNational Co for Glass IndustriePrice SAR 34.78Smurfit WestRockPrice $44.10
DCF Models−31.7%below the priceSAR 23.77+2.9%close to the price$45.40
Earnings-Based−26.3%below the priceSAR 25.62−65.1%below the price$15.40
Dividend Discount−86.9%below the priceSAR 4.57−31.6%below the price$30.18
Multiples−26.6%below the priceSAR 25.53−38.6%below the price$27.09
Asset-Based−51.9%below the priceSAR 16.73−37.6%below the price$27.50
Growth DCFn/a+7.6%close to the price$47.44
Economic Profit−34.0%below the priceSAR 22.95−45.7%below the price$23.97
Growth Earnings−5.1%close to the priceSAR 33.01−54.6%below the price$20.01
Minimum−86.9%below the priceSAR 4.57−65.1%below the price$15.40
Maximum−5.1%close to the priceSAR 33.01+7.6%close to the price$47.44
Median−31.7%below the priceSAR 23.77−38.1%below the price$27.29
Geometric mean−45.3%below the priceSAR 19.02−36.9%below the price$27.81

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

National Co for Glass Industrie: 9 of 11 models see the stock below the current price.

Smurfit WestRock: 20 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

National Co for Glass Industrie
Price SAR 34.78
Fair Value SAR 23.53
Bear SAR 17.30Bull SAR 27.11
Smurfit WestRock
Price $44.10
Fair Value $44.08
Bear $25.09Bull $45.04

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

National Co for Glass Industrie · Materials

Quality score47 · below median
Fair value upside−32.3% · below median

Smurfit WestRock · Materials

Quality score39 · below median
Fair value upside−0.0% · above median

Bottom line

As of Oct 1, 2026, Fair Value Calculator sees Smurfit WestRock as the less overvalued of the two: National Co for Glass Industrie trades at SAR 34.78 versus a fair value of SAR 23.53 (−32.3%), while Smurfit WestRock trades at $44.10 versus $44.08 (−0.0%).

National Co for Glass Industrie has the higher quality score (47/100).

Open Smurfit WestRock live analysis →
National Co for Glass Industrie · Smurfit WestRock

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.