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Saudi Arabian Mining Company (1211) Fair Value & Analysis

Basic Materials · SA · Market cap 225B SAR

SA Saudi Arabian Mining Company 1211 · SR
Price58.05 SAR
Fair Value33.87 SAR
Upside-41.7%
Quality58/100
Healthy Growth
Solidly profitable · 19.1% net margin
Low debt · generates free cash flow
Ranks above peers (9/13)
Wide moat 69/100
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Evidence: Medium Range 21.56 SAR – 45.95 SAR Share as image

Fair value as of: Aug 4, 2026

From 24 valuation models · updated today

Share price −1.4% over the past month.

A solid business, but screening 42% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (45.95 SAR). The favourable scenario is already priced in.
  • Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (21.56 SAR to 45.95 SAR) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

79.50 SAR 18.33 SAR Fair Value 33.87 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 18.33 SAR – 79.50 SAR · fair‑value band 21.56 SAR – 45.95 SAR · the 58.05 SAR price screens above the 33.87 SAR fair value. Dashed = 300-day average. As of Aug 4, 2026.

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Analysis

Saudi Arabian Mining Company (1211) currently trades at 58.05 SAR, while our model-based Fair Value estimate is 33.87 SAR, implying the stock looks roughly 41.7% overvalued today. We read business quality at 58/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Saudi Arabian Mining Company generated revenue of 38.9B SAR at a net margin of 19.1%. Revenue grew 3.2% year over year. It earns a return on equity of 13.1%. Net debt stands at 23.0B SAR. Fundamentals as of Aug 4, 2026

Our scenario range runs from 21.56 SAR (bear case) to 45.95 SAR (bull case); at 58.05 SAR, the current price sits above that range. The share trades about 27% below its 52-week high and 14% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -34% fair-value upside, at -42%, 1211 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 BearBaseBull Evidence
Highest evidence
Growth DCF 18.22 SAR 40.02 SAR 85.69 SAR 80
Rev-Margin DCF 15.38 SAR 36.60 SAR 69.51 SAR 74
ROIC Compounder 19.62 SAR 30.38 SAR 40.75 SAR 72
All 24 models by family
DCF Models
FCF DCF 19.59 SAR 34.82 SAR 84.07 SAR 38
Owner Earnings 17.09 SAR 46.55 SAR 111.14 SAR 31
5Y Revenue Exit 15.38 SAR 31.87 SAR 65.15 SAR 39
5Y EBITDA Exit 29.28 SAR 60.94 SAR 121.04 SAR 41
5Y P/E Exit 22.67 SAR 56.01 SAR 100.43 SAR 38
10Y Revenue Exit 15.84 SAR 40.10 SAR 62.01 SAR 36
10Y EBITDA Exit 26.81 SAR 68.84 SAR 150.00 SAR 37
10Y P/E Exit 21.97 SAR 55.18 SAR 114.90 SAR 35
Earnings-Based
Graham-Dodd 12.87 SAR 89.77 SAR 125.97 SAR 54
Lynch FV 29.92 SAR 42.74 SAR 55.56 SAR 50
PEG = 1.0 29.92 SAR 42.74 SAR 55.56 SAR 46
EPV 17.64 SAR 21.60 SAR 25.13 SAR 59
Multiples
P/E Multiple 28.39 SAR 37.86 SAR 47.32 SAR 63
P/S Multiple 18.63 SAR 24.85 SAR 31.06 SAR 58
P/B Multiple 24.13 SAR 32.18 SAR 40.22 SAR 55
EV/EBIT 30.73 SAR 42.58 SAR 54.43 SAR 53
EV/EBITDA 32.40 SAR 44.81 SAR 57.23 SAR 54
EV/Revenue 12.56 SAR 20.01 SAR 27.46 SAR 43
Asset-Based
NCAV (Graham) 7.93 SAR 10.63 SAR 15.87 SAR 50
Growth DCF
Growth DCF 18.22 SAR 40.02 SAR 85.69 SAR 80
Rev-Margin DCF 15.38 SAR 36.60 SAR 69.51 SAR 74
Economic Profit
Residual Income 14.90 SAR 18.03 SAR 40.77 SAR 61
ROIC Compounder 19.62 SAR 30.38 SAR 40.75 SAR 72
Growth Earnings
Growth-Adj P/E 38.72 SAR 55.32 SAR 71.92 SAR 68

Widest divergence: Growth Earnings (55.32 SAR) versus Asset-Based (10.63 SAR). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 38.9B SAR
Revenue growth (YoY) +3.2%
Net margin 19.1%
Return on equity 13.1%
Free cash flow 5.3B SAR FY2025
P/E ratio 25.5
More key figures
Operating margin 28.8%
EPS (TTM) 2.28 SAR
EPS growth (YoY) +3.2%
Net debt 23.0B SAR FY2025

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

Quality Score breakdown

Overall quality 58/100

Of which business quality 59 · Market factors (momentum, volatility) 46

Profitability 42
Margins and returns on capital today
Quality Growth 83
Are margins and returns improving?
Cashflow 64
Earnings quality: real cash, not paper profit
Fin. Strength 62
Balance sheet, leverage, solvency risk
Investment 49
Disciplined investing over empire-building
Low Volatility 80
Calm price path (market factor)
Momentum 30
Price trend over the last 3–12 months (market factor)
52W Momentum 35
Distance to the 52-week high (market factor)
Net Issuance 54
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

Saudi Arabian Mining Company (Maaden) operates as a mining and metals company in the Kingdom of Saudi Arabia, India, Pakistan, Bangladesh, Singapore, Korea, the United States, Europe, Australia, Brazil, Africa, Gulf Cooperation Council countries, and internationally.

Full company description

Saudi Arabian Mining Company (Maaden) operates as a mining and metals company in the Kingdom of Saudi Arabia, India, Pakistan, Bangladesh, Singapore, Korea, the United States, Europe, Australia, Brazil, Africa, Gulf Cooperation Council countries, and internationally. The company operates through Phosphate Strategic Business Unit, Aluminium Strategic Business Unit, Base Metals and New Minerals Strategic Business Unit, and All other segments. It primarily mines for gold, phosphate rock, bauxite, kaolin, and magnesite, as well as copper, zinc, carbon, and silver concentrates. The company primarily holds interests in the e Mansourah-Massarah, Ar-Rjum, Mahd Ad-Dahab, Bulghah, Al-Amar, Sukhaybarat, As Suq, Ad Duwayhi, Al-Jalamid, Al-Khabra, Az Zabirah, Al-Ghazallah, and Al-Ba'itha mines. It also produces and sells phosphate fertilizers, ammonia, and industrial minerals, as well as alumina, aluminum, and flat rolled products directly to customers and through marketing agents. In addition, the company offers ingots, slabs, and billets; caustic soda and Ethylene Dichloride (EDC); and potassium fertilizers. Further, it is involved in procurement, marketing, project management and execution, exploration, funding and treasury management and other support activities; development and operation of smelters; and providing cooperative insurance, reinsurance, and related activities. Saudi Arabian Mining Company (Maaden) was founded in 1997 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

Saudi Arabian Mining Company reported revenue of 38.6B SAR in FY2025 versus 26.8B SAR in FY2021, a compound +9.6%/yr. Reported net income was 7.3B SAR in FY2025, compounding +8.9%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
38.6B SAR
Latest YoY
+18.5%
Avg. growth/yr (3Y)
−1.4%
Avg. growth/yr (5Y)
+15.7%
Avg. growth/yr (18Y)
+32.5%
Revenue +9.6%/yr
FY21 26.8B SAR
FY22 40.3B SAR
FY23 29.3B SAR
FY24 32.5B SAR
FY25 38.6B SAR
Net income +8.9%/yr
FY21 5.2B SAR
FY22 9.3B SAR
FY23 1.6B SAR
FY24 2.9B SAR
FY25 7.3B SAR

1211 screens 42% overvalued. Compare with BHP Group →

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Cite: Fair Value Calculator (2026). "Saudi Arabian Mining Company Fair Value". https://www.fairvalue-calculator.com/stock/1211.SR

Peer Group

Other Industrial Metals & Mining · 542 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 58 · Top 25%
Fair Value upside −42% · Below median
Return on equity (TTM) 13% · Top 25%
Return on assets 5% · Top 25%
Net margin (TTM) 19% · Top 25%
Operating margin (TTM) 29% · Top 25%
Revenue growth 3% · Above median
Debt / equity 0.48× · Higher than 75% of peers

Valuation Multiples vs Other Industrial Metals & Mining median · lower = cheaper

P/E (TTM) 25.5× · Pricier than median
P/B 0.97× · Cheaper than median
P/S (TTM) 1.54× · Cheaper than median
P/FCF 11.2× · Pricier than median
EV/EBITDA 5.3× · 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 0 · sector 0
FUTURE 16 · sector 2
PAST 52 · sector 0
HEALTH 76 · sector 96
DIVIDEND 0 · sector 21

VALUE 0: the price sits above our fair-value range.

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 Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Aug 4, 2026).

Stock Price Fair Value vs Fair Value
BHP Group BHPN 1,425 MXN 942.42 MXN -34%
Rio Tinto Group RIO A$164.89 A$81.76 -50%
Grupo México, S.A. GMEXICOB 199.23 MXN 187.72 MXN -6%
Vale S.A VALE $14.19 $9.14 -36%
CMOC Group 603993 ¥18.20 ¥16.15 -11%
Fortescue Ltd FMG A$18.47 A$18.62 +1%
China Tungsten And Hightech Materials Co 000657 ¥74.71 ¥9.55 -87%
Hindustan Zinc Limited HINDZINC ₹521.95 ₹576.80 +11%
China Northern Rare Earth (Group) High-Tech Co 600111 ¥39.56 ¥10.59 -73%
Korea Zinc Company 010130 1,043,000 KRW 646,063 KRW -38%

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Frequently asked questions

Is Saudi Arabian Mining Company (1211) overvalued or undervalued?
As of Aug 4, 2026, our model estimates a fair value of 33.87 SAR versus a price of 58.05 SAR, about −42% (overvalued).
What is the fair value of 1211?
Our model-based fair value for Saudi Arabian Mining Company is 33.87 SAR (as of Aug 4, 2026), built from audited fundamentals. The current price is 58.05 SAR.
What is the quality score of 1211?
Saudi Arabian Mining Company has a Quality Score of 58/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Saudi Arabian Mining Company (1211)?
Saudi Arabian Mining Company reported trailing-twelve-month revenue of about 38.9B SAR (latest available figure, as of Aug 4, 2026).
What is the net profit margin of 1211?
The net profit margin of Saudi Arabian Mining Company is about 19.1%, meaning it keeps roughly 19.1% of revenue as net income. Based on the latest reported figures.

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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