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Riyad Bank (1010) Fair Value & Analysis

Financial Services · SA · Market cap 80.8B SAR

RB Riyad Bank 1010 · SR
Price20.29 SAR
Fair Value33.98 SAR
Upside+67.5%
Quality43/100
Expensive Growth
Highly profitable · 61.1% net margin
Low debt · negative free cash flow
5.23% dividend yield
Ranks above peers (10/12)
Wide moat 73/100
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Evidence: High Range 25.48 SAR – 42.47 SAR Share as image

Fair value as of: Aug 4, 2026

From 17 valuation models · updated today

Share price +4.6% over the past month.

Below-average quality, screening 67% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (43/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (25.48 SAR). The market is more pessimistic than our downside scenario.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

950,926 SAR 13.89 SAR Fair Value 33.98 SAR Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 4, 2026.

How to read this chart

60‑month range 13.89 SAR – 950,926 SAR · fair‑value band 25.48 SAR – 42.47 SAR · the 20.29 SAR price screens below the 33.98 SAR fair value. Dashed = 300-day average. As of Aug 4, 2026.

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Analysis

Riyad Bank (1010) currently trades at 20.29 SAR, while our model-based Fair Value estimate is 33.98 SAR, implying the stock looks roughly 67.5% undervalued today. We read business quality at 43/100 (below-average quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Riyad Bank generated revenue of 17.3B SAR at a net margin of 61.1%. Revenue grew 3.0% year over year. It earns a return on equity of 13.9%. Net debt stands at 1.1B SAR. Fundamentals as of Aug 4, 2026

Our scenario range runs from 25.48 SAR (bear case) to 42.47 SAR (bull case); at 20.29 SAR, the current price sits below that range. For context, the median of 10 Financial Services peers we cover trades at 42% fair-value upside, at 67%, 1010 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income 18.40 SAR 22.67 SAR 47.54 SAR 76
ROIC Compounder 36.55 SAR 43.63 SAR 51.74 SAR 72
Gordon GGM 12.05 SAR 25.06 SAR 39.75 SAR 70
All 17 models by family
DCF Models
Owner Earnings 36.58 SAR 53.04 SAR 78.92 SAR 31
Earnings-Based
Graham-Dodd 17.77 SAR 61.49 SAR 82.59 SAR 54
Lynch FV 14.23 SAR 20.33 SAR 26.43 SAR 50
PEG = 1.0 14.23 SAR 20.33 SAR 26.43 SAR 46
EPV 34.57 SAR 38.72 SAR 42.35 SAR 59
Dividend Discount
Gordon GGM 12.05 SAR 25.06 SAR 39.75 SAR 70
DDM Multi-Stage 12.05 SAR 20.94 SAR 26.30 SAR 61
Multiples
P/E Multiple 39.20 SAR 52.27 SAR 65.34 SAR 63
P/S Multiple 8.64 SAR 11.52 SAR 14.40 SAR 58
P/B Multiple 33.32 SAR 44.43 SAR 55.54 SAR 55
EV/EBIT 49.02 SAR 62.13 SAR 75.24 SAR 53
EV/EBITDA 39.90 SAR 49.97 SAR 60.04 SAR 54
EV/Revenue 17.74 SAR 21.20 SAR 24.65 SAR 43
Asset-Based
NCAV (Graham) 9.47 SAR 12.70 SAR 18.95 SAR 50
Economic Profit
Residual Income 18.40 SAR 22.67 SAR 47.54 SAR 76
ROIC Compounder 36.55 SAR 43.63 SAR 51.74 SAR 72
Growth Earnings
Growth-Adj P/E 33.87 SAR 48.38 SAR 62.90 SAR 68

Widest divergence: DCF Models (53.04 SAR) versus Asset-Based (12.70 SAR). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 17.3B SAR
Revenue growth (YoY) +3.0%
Net margin 61.1%
Return on equity 13.9%
Free cash flow −25.9B SAR FY2025
P/E ratio 8.1
More key figures
Operating margin 68.6%
EPS (TTM) 2.50 SAR
Dividend yield 5.2%
EPS growth (YoY) +2.2%
Net debt 1.1B SAR FY2025

Figures from reported company fundamentals · as of Aug 4, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 43/100

Of which business quality 38 · Market factors (momentum, volatility) 38

Profitability 38
Margins and returns on capital today
Quality Growth 57
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 30
Balance sheet, leverage, solvency risk
Investment 45
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 19
Distance to the 52-week high (market factor)
Net Issuance 83
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Riyad Bank provides banking and investment services in the Kingdom of Saudi Arabia. It operates through the Retail Banking, Investment Banking and Brokerage, Corporate Banking, and Treasury and Investments segments. The Retail Banking segment offers deposits, credit, and investment products for individuals.

Full company description

Riyad Bank provides banking and investment services in the Kingdom of Saudi Arabia. It operates through the Retail Banking, Investment Banking and Brokerage, Corporate Banking, and Treasury and Investments segments. The Retail Banking segment offers deposits, credit, and investment products for individuals. Its Investment Banking and Brokerage segment provides investment management services, as well as asset management services related to dealing, managing, arranging, advising, and custody of securities. The Corporate Banking segment offers current accounts, deposits, loans, overdrafts, and other credit facilities for small to medium sized businesses. Its Treasury and Investments segment provides money market, trading, and treasury and derivative products and services, as well as manages investment portfolios. The company also offers credit cards; trade finance, payroll solution, point of sale; and cash deposit card; student account; time deposit; sweeping; personal, auto-lease, readymade and incomplete property, home equity, self-employed, and mortgage loans; working capital, contract, capital expenditure, and project financing; syndicated loan; Islamic banking products and services; foreign exchange products; and digital banking services. In addition, it owns, buys, and sells real estate; and acts as an agent for insurance products, as well as engages in systems analysis, application, operating systems development, hosting websites, financial technology solutions, and related activities. The company operates through a network of branches in the Kingdom of Saudi Arabia, the United Kingdom, the United States; and a representative office in Singapore and ATMs. Riyad Bank was incorporated in 1957 and is based in Riyadh, the Kingdom of Saudi Arabia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Riyad Bank reported revenue of 18.4B SAR in FY2025 versus 11.6B SAR in FY2021, a compound +12.2%/yr. Reported net income was 10.4B SAR in FY2025, compounding +14.7%/yr from FY2021.

Growth Quality 60/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
18.4B SAR
Latest YoY
+6.4%
Avg. growth/yr (3Y)
+11.3%
Avg. growth/yr (5Y)
+10.6%
Avg. growth/yr (19Y)
+6.9%
Revenue +12.2%/yr
FY21 11.6B SAR
FY22 13.3B SAR
FY23 15.8B SAR
FY24 17.3B SAR
FY25 18.4B SAR
Net income +14.7%/yr
FY21 6.0B SAR
FY22 7.0B SAR
FY23 8.0B SAR
FY24 9.3B SAR
FY25 10.4B SAR

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Cite: Fair Value Calculator (2026). "Riyad Bank Fair Value". https://www.fairvalue-calculator.com/stock/1010

Peer Group

Banks - Regional · 1100 stocks

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.

Quality Score 43 · Bottom 25%
Fair Value upside +68% · Top 25%
Return on equity (TTM) 14% · Top 25%
Return on assets 2% · Top 25%
Net margin (TTM) 61% · Top 25%
Operating margin (TTM) 69% · Top 25%
Revenue growth 3% · Below median
Dividend yield (TTM) 5.2% · Top 25%
Debt / equity 0.12× · Lower than median

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 8.1× · Cheaper than 75% of peers
P/B 0.29× · Cheaper than 75% of peers
P/S (TTM) 1.24× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 39
FUTURE 15 · sector 43
PAST 56 · sector 41
HEALTH 94 · sector 85
DIVIDEND 100 · sector 49

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Aug 4, 2026).

Stock Price Fair Value vs Fair Value
PT Bank Central Asia Tbk BBCA 6,175 IDR 6,087 IDR -1%
KB Financial Group 105560 184,400 KRW 213,797 KRW +16%
PT Bank Rakyat Indonesia (Persero) Tbk BBRI 2,970 IDR 4,891 IDR +65%
PT Bank Mandiri (Persero) Tbk BMRI 4,310 IDR 7,841 IDR +82%
Banco Bradesco S.A BBD 5,120 ARS 10,240 ARS +100%
Shinhan Financial Group 055550 107,900 KRW 137,259 KRW +27%
Hana Financial Group 086790 136,800 KRW 193,969 KRW +42%
Lloyds Banking Group LYG 4,138 ARS 8,275 ARS +100%
Banco de Chile, CHILE 193.10 CLP 152.55 CLP -21%
Joint Stock Commercial Bank for Foreign Trade of Vietnam, VCB 59,400 VND 84,201 VND +42%

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Frequently asked questions

Is Riyad Bank (1010) overvalued or undervalued?
As of Aug 4, 2026, our model estimates a fair value of 33.98 SAR versus a price of 20.29 SAR, about +67% (undervalued).
What is the fair value of 1010?
Our model-based fair value for Riyad Bank is 33.98 SAR (as of Aug 4, 2026), built from audited fundamentals. The current price is 20.29 SAR.
What is the quality score of 1010?
Riyad Bank has a Quality Score of 43/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Riyad Bank (1010)?
Riyad Bank reported trailing-twelve-month revenue of about 17.3B SAR (latest available figure, as of Aug 4, 2026).
What is the net profit margin of 1010?
The net profit margin of Riyad Bank is about 61.1%, meaning it keeps roughly 61.1% of revenue as net income. Based on the latest reported figures.
Does Riyad Bank pay a dividend?
Riyad Bank currently shows a dividend yield of about 5.23% relative to its recent price (as of Aug 4, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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