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AlJazira Bank (1020) Fair Value & Analysis

Financial Services · SA · Market cap 15.4B SAR

AB AlJazira Bank 1020 · SR
Price11.83 SAR
Fair Value15.69 SAR
Upside+32.6%
Quality56/100
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Healthy Growth
Highly profitable · 37.2% net margin
Low debt · generates free cash flow
4.17% dividend yield
Ranks above peers (10/13)
Wide moat 66/100
Evidence: High Range 11.77 SAR – 19.61 SAR Share as image

Fair value as of: Aug 13, 2026

From 6 valuation models · updated 2 days ago

Fair value updated Aug 13, 2026, revised from 15.34 SAR to 15.69 SAR (+2.3%) since Jul 31, 2026. Share price +2.0% over the past month.

A solid business, screening 33% undervalued on our models.

What matters now

  • Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
  • 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)

19.23 SAR 5.79 SAR Fair Value 15.69 SAR Feb 2020 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 5.79 SAR – 19.23 SAR · fair‑value band 11.77 SAR – 19.61 SAR · the 11.83 SAR price screens below the 15.69 SAR fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

AlJazira Bank (1020) currently trades at 11.83 SAR, while our model-based Fair Value estimate is 15.69 SAR, implying the stock looks roughly 32.6% undervalued today. The Quality Score stands at 56/100 (solid 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, AlJazira Bank generated revenue of 4.3B SAR at a net margin of 37.2%. Revenue grew 11.4% year over year. It earns a return on equity of 7.6%. Net debt stands at 25.9B SAR. Fundamentals as of Aug 13, 2026

Our scenario range runs from 11.77 SAR (bear case) to 19.61 SAR (bull case); at 11.83 SAR, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 7% below its 52-week high and 14% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 47% fair-value upside, at 33%, 1020 screens richer 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 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. Evidence
Highest evidence
Residual Income 10.30 SAR 11.51 SAR 20.94 SAR 76
Gordon GGM 0.1100 SAR 0.2200 SAR 0.3500 SAR 70
P/E Multiple 11.51 SAR 15.34 SAR 19.18 SAR 63
All 6 models by family
Dividend Discount
Gordon GGM 0.1100 SAR 0.2200 SAR 0.3500 SAR 70
DDM Multi-Stage 0.1100 SAR 0.1800 SAR 0.2300 SAR 61
Multiples
P/E Multiple 11.51 SAR 15.34 SAR 19.18 SAR 63
P/B Multiple 12.37 SAR 16.49 SAR 20.61 SAR 55
Asset-Based
NCAV (Graham) 5.89 SAR 7.89 SAR 11.78 SAR 50
Economic Profit
Residual Income 10.30 SAR 11.51 SAR 20.94 SAR 76

Widest divergence: Multiples (15.34 SAR) versus Dividend Discount (0.1800 SAR). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 4.3B SAR
Revenue growth (YoY) +11.4%
Net margin 37.2%
Return on equity 7.6%
Free cash flow 2.0B SAR FY2025
P/E ratio 12.3
More key figures
Operating margin 44.8%
EPS (TTM) 0.9600 SAR
Dividend yield 4.2%
EPS growth (YoY) -13.3%
Net debt 25.9B SAR FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100

Of which business quality 50 · Market factors (momentum, volatility) 59

Profitability 27
Margins and returns on capital today
Quality Growth 44
Are margins and returns improving?
Cashflow 78
Earnings quality: real cash, not paper profit
Fin. Strength 14
Balance sheet, leverage, solvency risk
Investment 71
Disciplined investing over empire-building
Low Volatility 94
Calm price path (market factor)
Momentum 42
Price trend over the last 3–12 months (market factor)
52W Momentum 48
Distance to the 52-week high (market factor)
Net Issuance 84
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

AlJazira Bank provides a range of Shari'ah compliant banking products and services in the Kingdom of Saudi Arabia. The company operates through Personal Banking, Corporate Banking, Treasury, Brokerage and Asset Management, and Others segments.

Full company description

AlJazira Bank provides a range of Shari'ah compliant banking products and services in the Kingdom of Saudi Arabia. The company operates through Personal Banking, Corporate Banking, Treasury, Brokerage and Asset Management, and Others segments. It offers saving, current, and commodity investment accounts; credit card; real estate, personal, and auto lease finance; money transfer; e-statement; and digital banking through app and online, ATM, and phone, as well as retirement, education, medical, travel, and motor insurance products. The company also provides direct finance, short-term loans, capital expenditure finance, finance of projects, letters of credit, syndication finance, export letter of financing, dentists and dental clinic, POS, post shipment financing, and secure lending; corporate online, corporate payroll, swift, B2B integration, point of sale merchant, and e-commerce services. In addition, it offers treasury services, including naqa'a and thrift saving programs, foreign exchange, FX forward, money market, structured products, and hedging solutions; private banking, wealth management, premium services, as well as custodial services, including settlement and clearing of securities and cash, safekeeping of securities and associated cash, reporting, asset servicing, and cash management. Further, the company provides brokerage services, such as local brokerage, GCC brokerage, international brokerage, wealth management, margin finance, sukuk; asset management services through public mutual funds, discretionary portfolio management services, non-discretionary management agreement, systematic investment plan, and investment risk; and investment banking through initial public offering, right issues, debt capital market services, mergers and acquisitions, and private placement. The company was incorporated in 1975 and is headquartered in Jeddah, the Kingdom of Saudi Arabia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

AlJazira Bank reported revenue of 10.5B SAR in FY2025 versus 3.5B SAR in FY2021, a compound +31.1%/yr. Reported net income was 1.5B SAR in FY2025, compounding +10.6%/yr from FY2021.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
10.5B SAR
Latest YoY
+177.6%
Avg. growth/yr (3Y) 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.
+45.2%
Avg. growth/yr (5Y) 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.
+26.2%
Avg. growth/yr (19Y) 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.
+7.6%
Revenue +31.1%/yr
FY21 3.5B SAR
FY22 3.4B SAR
FY23 3.3B SAR
FY24 3.8B SAR
FY25 10.5B SAR
Net income +10.6%/yr
FY21 1.0B SAR
FY22 1.1B SAR
FY23 1.0B SAR
FY24 1.2B SAR
FY25 1.5B SAR
Character of growth · EPS growth decomposed (2014-2025) −1.5 % p.a.
Revenue per share +4.3 pp

of which total revenue +9.7 pp · buybacks/dilution −5.4 pp

EBIT margin −4.0 pp
Tax rate −1.7 pp
Residual (interest, one-offs) −0.2 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "AlJazira Bank Fair Value". https://www.fairvalue-calculator.com/stock/1020

Peer Group

Banks - Regional · 1087 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 55 · Above median
Fair Value upside +33% · Above median
Return on equity (TTM) 8% · Below median
Return on assets 1% · Below median
Net margin (TTM) 37% · Above median
Operating margin (TTM) 45% · Above median
Revenue growth 11% · Above median
Dividend yield (TTM) 4.2% · Above median
Debt / equity 0.13× · Lower than median

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 12.3× · Pricier than median
P/B 0.27× · Cheaper than 75% of peers
P/S (TTM) 0.95× · Cheaper than 75% of peers
P/FCF 2.1× · Cheaper than median

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 77 · sector 33
FUTURE 57 · sector 44
PAST 30 · sector 41
HEALTH 93 · sector 85
DIVIDEND 83 · sector 56

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 13, 2026).

Stock Price Fair Value vs Fair Value
PT Bank Central Asia Tbk BBCA 6,350 IDR 4,637 IDR -27%
KB Financial Group 105560 168,100 KRW 220,258 KRW +31%
PT Bank Rakyat Indonesia (Persero) Tbk BBRI 3,110 IDR 3,792 IDR +22%
PT Bank Mandiri (Persero) Tbk BMRI 4,130 IDR 6,067 IDR +47%
Banco Bradesco S.A BBD 5,120 ARS 8,400 ARS +64%
Shinhan Financial Group 055550 103,800 KRW 146,032 KRW +41%
Hana Financial Group 086790 127,900 KRW 210,506 KRW +65%
Lloyds Banking Group LYG 4,138 ARS 8,275 ARS +100%
Joint Stock Commercial Bank for Foreign Trade of Vietnam, VCB 59,500 VND 45,959 VND -23%
Woori Financial Group 316140 33,000 KRW 60,758 KRW +84%

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Frequently asked questions

Is AlJazira Bank (1020) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 15.69 SAR versus a price of 11.83 SAR, about +33% (undervalued).
What is the fair value of 1020?
Our model-based fair value for AlJazira Bank is 15.69 SAR (as of Aug 13, 2026), built from audited fundamentals. The current price is 11.83 SAR.
What is the quality score of 1020?
AlJazira Bank has a Quality Score of 56/100. 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 revenue of AlJazira Bank (1020)?
AlJazira Bank reported trailing-twelve-month revenue of about 4.3B SAR (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 1020?
The net profit margin of AlJazira Bank is about 37.2%, meaning it keeps roughly 37.2% of revenue as net income. Based on the latest reported figures.
Does AlJazira Bank pay a dividend?
AlJazira Bank currently shows a dividend yield of about 4.17% relative to its recent price (as of Aug 13, 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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