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STOCK COMPARISON

SICO Saudi REIT Fund Unit vs Goodman: Fair Value & Quality

Both stocks run through our valuation models. Here is how SICO Saudi REIT Fund Unit (4337) and Goodman (GMG) compare, as of Sep 14, 2026.

As of Sep 14, 2026, Fair Value Calculator sees Goodman as the less overvalued of the two: SICO Saudi REIT Fund Unit trades at SAR 4.53 versus a fair value of SAR 0.62 (-86%), while Goodman trades at A$26.91 versus A$7.37 (-73%).
SICO Saudi REIT Fund Unit
4337.SR · SAR · Real Estate
-86%
upside to fair value
overvalued
PriceSAR 4.53
Fair ValueSAR 0.62
Quality53/100
Goodman
GMG.AU · AUD · Real Estate
-73%
upside to fair value
overvalued
PriceA$26.91
Fair ValueA$7.37
Quality61/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

SICO Saudi REIT Fund UnitGoodman
Valuation
P/E (TTM)35.5×
3.10×P/S (TTM)14.24×
0.30×P/B1.89×
3.8×EV/EBITDA25.0×
PEG2.72×
−86.3%Fair value upside−72.6%
Dividend yield1.1%
Dividend per shareA$0.30
Profitability
44%Operating margin56%
0.01×EBIT margin trend (5Y)0.79×
-6%Return on equity8%
1%Return on assets4%
Growth
24%Revenue growth (YoY)-16%
-17.1%Avg. growth/yr (3Y)2.4%
21.9%Avg. growth/yr (5Y)8.1%
Value creation/yr+3.2%
Balance & size
0.1×Interest coverage (EBIT/interest)2.0×
Debt / equity0.20×
$73MMarket cap$44B
weakGrowth qualityhealthy

Goodman leads: 4 to 7 metric wins.

Dash = 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.

SICO Saudi REIT Fund Unitof which business quality 48 · market factors 56 Goodmanof which business quality 61 · market factors 37
ProfitabilityMargins and returns on capital today
7
38
Quality GrowthAre margins and returns improving?
66
62
CashflowEarnings quality: real cash, not paper profit
33
76
Fin. StrengthBalance sheet, leverage, solvency risk
41
74
InvestmentDisciplined investing over empire-building
100
57
Low VolatilityCalm price path (market factor)
88
64
MomentumPrice trend over the last 3–12 months (market factor)
38
31
52W MomentumDistance to the 52-week high (market factor)
51
17
Net IssuanceShare count: buybacks or dilution?
82
55

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 familySICO Saudi REIT Fund UnitPrice SAR 4.53GoodmanPrice A$26.91
DCF Modelsn/a-73%below the priceA$7.40
Dividend Discount-64%below the priceSAR 1.62-82%below the priceA$4.92
Multiples-90%below the priceSAR 0.45-76%below the priceA$6.55
Asset-Based-38%below the priceSAR 2.83-72%below the priceA$7.64
Growth DCFn/a-70%below the priceA$8.19
Economic Profitn/a-64%below the priceA$9.80
Minimum-90%below the priceSAR 0.45-82%below the priceA$4.92
Maximum-38%below the priceSAR 2.83-64%below the priceA$9.80
Median-64%below the priceSAR 1.62-72%below the priceA$7.52
Geometric mean-72%below the priceSAR 1.27-73%below the priceA$7.26

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%.

SICO Saudi REIT Fund Unit: 6 of 6 models see the stock below the current price.

Goodman: 16 of 16 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.

SICO Saudi REIT Fund Unit
Price SAR 4.53
Fair Value SAR 0.62
Bear SAR 0.62Bull SAR 1.42
Goodman
Price A$26.91
Fair Value A$7.37
Bear A$4.54Bull A$10.95

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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.

SICO Saudi REIT Fund Unit · Real Estate

Quality score53 · above median
Fair value upside-86% · bottom 25%

Goodman · Real Estate

Quality score61 · Top 25%
Fair value upside-73% · bottom 25%

Bottom line

As of Sep 14, 2026, Fair Value Calculator sees Goodman as the less overvalued of the two: SICO Saudi REIT Fund Unit trades at SAR 4.53 versus a fair value of SAR 0.62 (-86%), while Goodman trades at A$26.91 versus A$7.37 (-73%).

Goodman has the higher quality score (61/100).

See the full analysis →

More comparisons

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