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Al Masane Al Kobra Mining Company (1322) Fair Value & Analysis

Basic Materials · SA · Market cap 6.7B SAR

AM Al Masane Al Kobra Mining Company 1322 · SR
Price74.05 SAR
Fair Value53.08 SAR
Upside-28.3%
Quality71/100
Mixed Growth
Highly profitable · 24.6% net margin
Low debt · generates free cash flow
Ranks above peers (11/14)
Wide moat 81/100
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Evidence: High Range 39.81 SAR – 66.36 SAR Share as image

Fair value as of: Aug 4, 2026

From 26 valuation models · updated today

Share price +5.9% over the past month.

A solid business, but screening 28% overvalued on our models.

What matters now

  • A high-quality business (quality 71/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (66.36 SAR). The favourable scenario is already priced in.
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Price vs Fair Value (4 years)

116.80 SAR 46.25 SAR Fair Value 53.08 SAR Apr 2022 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

52‑month range 46.25 SAR – 116.80 SAR · fair‑value band 39.81 SAR – 66.36 SAR · the 74.05 SAR price screens above the 53.08 SAR fair value. Dashed = 300-day average. As of Aug 4, 2026.

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Analysis

Al Masane Al Kobra Mining Company (1322) currently trades at 74.05 SAR, while our model-based Fair Value estimate is 53.08 SAR, implying the stock looks roughly 28.3% overvalued today. We read business quality at 71/100 (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: high).

Over the trailing twelve months, Al Masane Al Kobra Mining Company generated revenue of 1.0B SAR at a net margin of 24.6%. Revenue declined 8.4% year over year. It earns a return on equity of 22.0%. Net debt stands at 15.4M SAR. Fundamentals as of Aug 4, 2026

Our scenario range runs from 39.81 SAR (bear case) to 66.36 SAR (bull case); at 74.05 SAR, the current price sits above that range. The share trades about 37% below its 52-week high and 25% 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 -28%, 1322 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
Growth DCF 40.43 SAR 72.70 SAR 135.85 SAR 80
Residual Income 18.79 SAR 22.78 SAR 56.24 SAR 76
Rev-Margin DCF 29.61 SAR 53.15 SAR 99.89 SAR 74
All 26 models by family
DCF Models
FCF DCF 43.05 SAR 66.30 SAR 138.77 SAR 38
Owner Earnings 48.50 SAR 107.51 SAR 226.84 SAR 31
5Y Revenue Exit 28.10 SAR 46.44 SAR 84.62 SAR 39
5Y EBITDA Exit 60.80 SAR 112.53 SAR 214.15 SAR 41
5Y P/E Exit 46.88 SAR 105.65 SAR 185.88 SAR 38
10Y Revenue Exit 32.17 SAR 65.34 SAR 84.82 SAR 36
10Y EBITDA Exit 56.36 SAR 134.13 SAR 272.49 SAR 37
10Y P/E Exit 46.43 SAR 104.85 SAR 201.16 SAR 35
Earnings-Based
Graham-Dodd 21.23 SAR 148.08 SAR 207.81 SAR 54
Lynch FV 64.68 SAR 92.40 SAR 120.12 SAR 50
PEG = 1.0 64.68 SAR 92.40 SAR 120.12 SAR 46
EPV 28.93 SAR 33.51 SAR 37.45 SAR 59
Dividend Discount
Gordon GGM 21.03 SAR 41.91 SAR 63.46 SAR 70
DDM Multi-Stage 21.03 SAR 36.22 SAR 44.23 SAR 61
Multiples
P/E Multiple 46.84 SAR 62.45 SAR 78.07 SAR 63
P/S Multiple 21.41 SAR 28.55 SAR 35.68 SAR 58
P/B Multiple 33.19 SAR 44.26 SAR 55.32 SAR 55
EV/EBIT 54.93 SAR 73.25 SAR 91.56 SAR 53
EV/EBITDA 65.67 SAR 87.57 SAR 109.46 SAR 54
EV/Revenue 19.97 SAR 28.53 SAR 37.09 SAR 43
Asset-Based
NCAV (Graham) 7.38 SAR 9.88 SAR 14.75 SAR 50
Growth DCF
Growth DCF 40.43 SAR 72.70 SAR 135.85 SAR 80
Rev-Margin DCF 29.61 SAR 53.15 SAR 99.89 SAR 74
Economic Profit
Residual Income 18.79 SAR 22.78 SAR 56.24 SAR 76
ROIC Compounder 38.58 SAR 59.99 SAR 72.18 SAR 72
Growth Earnings
Growth-Adj P/E 78.29 SAR 111.84 SAR 145.39 SAR 68

Widest divergence: Growth Earnings (111.84 SAR) versus Asset-Based (9.88 SAR). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 1.0B SAR
Revenue growth (YoY) -8.4%
Net margin 24.6%
Return on equity 22.0%
Free cash flow 243M SAR FY2025
P/E ratio 18.7
More key figures
Operating margin 17.9%
EPS (TTM) 3.95 SAR
EPS growth (YoY) -17.6%
Net debt 15.4M SAR FY2025

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

Quality Score breakdown

Overall quality 71/100

Of which business quality 78 · Market factors (momentum, volatility) 44

Profitability 74
Margins and returns on capital today
Quality Growth 100
Are margins and returns improving?
Cashflow 76
Earnings quality: real cash, not paper profit
Fin. Strength 80
Balance sheet, leverage, solvency risk
Investment 62
Disciplined investing over empire-building
Low Volatility 73
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 37
Distance to the 52-week high (market factor)
Net Issuance 74
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

Al Masane Al Kobra Mining Company engages in the production of non-ferrous metal ores and precious metals in Kingdom of Saudi Arabia. It primarily explores for gold, silver, copper, zinc, aluminum, lead, and platinum deposits.

Full company description

Al Masane Al Kobra Mining Company engages in the production of non-ferrous metal ores and precious metals in Kingdom of Saudi Arabia. It primarily explores for gold, silver, copper, zinc, aluminum, lead, and platinum deposits. The company holds interests in the Al Masane Copper Zinc Mine project which consists of an area of 42.07 square kilometers located in Najran, Saudi Arabia; the Guyan Gold Mine project consisting of an area of 10,057 square kilometer located in Najran, Saudi Arabia; and the Moyeath Orebody project located in Najran, Saudi Arabia. It also engages in the wholesaling precious metals and gemstones. The company was incorporated in 2008 and is headquartered in Najran, Saudi Arabia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Al Masane Al Kobra Mining Company reported revenue of 1.0B SAR in FY2025 versus 587M SAR in FY2021, a compound +15.0%/yr. Reported net income was 281M SAR in FY2025, compounding +9.2%/yr from FY2021.

Growth Quality 86/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.0B SAR
Latest YoY
+31.4%
Avg. growth/yr (3Y)
+20.8%
Avg. growth/yr (5Y)
+22.3%
Avg. growth/yr (12Y)
+8.3%
Revenue +15.0%/yr
FY21 587M SAR
FY22 583M SAR
FY23 488M SAR
FY24 781M SAR
FY25 1.0B SAR
Net income +9.2%/yr
FY21 197M SAR
FY22 126M SAR
FY23 54.6M SAR
FY24 178M SAR
FY25 281M SAR

1322 screens 28% overvalued. Compare with Fresnillo plc →

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Cite: Fair Value Calculator (2026). "Al Masane Al Kobra Mining Company Fair Value". https://www.fairvalue-calculator.com/stock/1322

Peer Group

Other Precious Metals & Mining · 112 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 71 · Top 25%
Fair Value upside −28% · Above median
Return on equity (TTM) 22% · Top 25%
Return on assets 15% · Top 25%
Net margin (TTM) 25% · Top 25%
Operating margin (TTM) 18% · Above median
Revenue growth -8% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.01× · Lower than median

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

P/E (TTM) 18.7× · Pricier than median
P/B 1.34× · Cheaper than median
P/S (TTM) 1.77× · Cheaper than median
P/FCF 7.3× · Cheaper than median
EV/EBITDA 3.4× · 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 0 · sector 0
FUTURE 0 · sector 0
PAST 88 · sector 0
HEALTH 99 · sector 99
DIVIDEND 0 · sector 15

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

Stock Price Fair Value vs Fair Value
Fresnillo plc FRES 579.75 MXN 558.30 MXN -4%
Hecla Mining Company HL $14.52 $8.15 -44%
Compañía de Minas Buenaventura S.A. BVN $29.82 $29.96 +0%
Sibanye Stillwater Limited SBSW $8.12 $9.90 +22%
China Gold International Resources Corp CGG C$24.78 C$18.48 -25%
Artemis Gold Inc ARTG C$32.98 C$21.86 -34%
Triple Flag Precious Metals Corp TFPM $28.10 $16.03 -43%
Sino-Platinum Metals Co 600459 ¥21.26 ¥13.23 -38%
Perpetua Resources Corp PPTA C$26.10 C$5.85 -78%
Zhaojin International Gold Co 000506 ¥13.15 ¥2.84 -78%

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Frequently asked questions

Is Al Masane Al Kobra Mining Company (1322) overvalued or undervalued?
As of Aug 4, 2026, our model estimates a fair value of 53.08 SAR versus a price of 74.05 SAR, about −28% (overvalued).
What is the fair value of 1322?
Our model-based fair value for Al Masane Al Kobra Mining Company is 53.08 SAR (as of Aug 4, 2026), built from audited fundamentals. The current price is 74.05 SAR.
What is the quality score of 1322?
Al Masane Al Kobra Mining Company has a Quality Score of 71/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Al Masane Al Kobra Mining Company (1322)?
Al Masane Al Kobra Mining Company reported trailing-twelve-month revenue of about 1.0B SAR (latest available figure, as of Aug 4, 2026).
What is the net profit margin of 1322?
The net profit margin of Al Masane Al Kobra Mining Company is about 24.6%, meaning it keeps roughly 24.6% 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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