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STOCK COMPARISON

Saudi Airlines Catering vs Aena: Fair Value & Quality

Both stocks run through our valuation models. Here is how Saudi Airlines Catering (6004) and Aena (AENA) compare, as of Sep 14, 2026.

As of Sep 14, 2026, Fair Value Calculator sees Aena as the more attractively valued of the two: Saudi Airlines Catering trades at SAR 69.65 versus a fair value of SAR 43.82 (-37%), while Aena trades at €24.66 versus €27.13 (+10%).
Saudi Airlines Catering
6004.SR · SAR · Industrials
-37%
upside to fair value
overvalued
PriceSAR 69.65
Fair ValueSAR 43.82
Quality48/100
Aena
AENA.MC · EUR · Industrials
+10%
upside to fair value
undervalued
Price€24.66
Fair Value€27.13
Quality69/100
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Head-to-head numbers

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

Saudi Airlines CateringAena
Valuation
18.0×P/E (TTM)18.2×
0.61×P/S (TTM)7.08×
0.97×P/B4.97×
3.5×EV/EBITDA13.1×
PEG3.02×
−37.1%Fair value upside+10.0%
3.3%Dividend yield4.2%
SAR 2.30Dividend per share€1.09
Profitability
16%Operating margin31%
21%Return on equity24%
6%Return on assets10%
Growth
13%Revenue growth (YoY)12%
10.3%Avg. growth/yr (3Y)14.4%
21.4%Avg. growth/yr (5Y)23.5%
+8.9%Value creation/yr+12.4%
Balance & size
9.0×Interest coverage (EBIT/interest)11.3×
0.24×Debt / equity0.53×
$2BMarket cap$46B
expensiveGrowth qualityhealthy

Aena leads: 5 to 9 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.

Saudi Airlines Cateringof which business quality 49 · market factors 40 Aenaof which business quality 68 · market factors 54
ProfitabilityMargins and returns on capital today
55
63
Quality GrowthAre margins and returns improving?
33
50
CashflowEarnings quality: real cash, not paper profit
22
80
Fin. StrengthBalance sheet, leverage, solvency risk
78
72
InvestmentDisciplined investing over empire-building
14
56
Low VolatilityCalm price path (market factor)
90
81
MomentumPrice trend over the last 3–12 months (market factor)
28
41
52W MomentumDistance to the 52-week high (market factor)
5
45
Net IssuanceShare count: buybacks or dilution?
81
82

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 familySaudi Airlines CateringPrice SAR 69.65AenaPrice €24.66
DCF Modelsn/a+17%above the price€28.85
Earnings-Based-56%below the priceSAR 30.68-43%below the price€14.12
Dividend Discount-48%below the priceSAR 36.28-29%below the price€17.57
Multiples-6%close to the priceSAR 65.76+10%close to the price€27.07
Asset-Based-82%below the priceSAR 12.87-83%below the price€4.11
Growth DCFn/a-22%below the price€19.22
Economic Profit-48%below the priceSAR 35.87-40%below the price€14.75
Growth Earnings+1%close to the priceSAR 70.60-2%close to the price€24.15
Minimum-82%below the priceSAR 12.87-83%below the price€4.11
Maximum+1%close to the priceSAR 70.60+17%above the price€28.85
Median-48%below the priceSAR 36.07-25%below the price€18.39
Geometric mean-48%below the priceSAR 36.55-33%below the price€16.48

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%.

Saudi Airlines Catering: 12 of 16 models see the stock below the current price.

Aena: 15 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.

Saudi Airlines Catering
Price SAR 69.65
Fair Value SAR 43.82
Bear SAR 26.01Bull SAR 80.45
Aena
Price €24.66
Fair Value €27.13
Bear €17.35Bull €40.86

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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.

Saudi Airlines Catering · Industrials

Quality score48 · below median
Fair value upside-37% · below median

Aena · Industrials

Quality score69 · Top 25%
Fair value upside+10% · above median

Bottom line

As of Sep 14, 2026, Fair Value Calculator sees Aena as the more attractively valued of the two: Saudi Airlines Catering trades at SAR 69.65 versus a fair value of SAR 43.82 (-37%), while Aena trades at €24.66 versus €27.13 (+10%).

Aena has the higher quality score (69/100).

See the full analysis →

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