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BAAN Holding (1820) Fair Value & Analysis

Consumer Cyclical · SA · Market cap 1.3B SAR

BH BAAN Holding 1820 · SR
Price2.09 SAR
Fair Value0.5000 SAR
Upside-76.1%
Quality43/100
Weak Growth
Loss-making · -21.2% net margin
High debt · generates free cash flow
Trails peers (1/11)
Narrow moat 1/100
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Evidence: Medium Range 0.2300 SAR – 0.7700 SAR Share as image

Fair value as of: Aug 4, 2026

From 9 valuation models · updated today

Share price −3.2% over the past month.

Below-average quality, and screening another 76% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (0.7700 SAR). The favourable scenario is already priced in.
  • Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The model range is unusually wide (0.2300 SAR to 0.7700 SAR). The outcome hinges heavily on assumptions, so read the point estimate with caution.
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Price vs Fair Value (5 years)

6.01 SAR 1.66 SAR Fair Value 0.5000 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 1.66 SAR – 6.01 SAR · fair‑value band 0.2300 SAR – 0.7700 SAR · the 2.09 SAR price screens above the 0.5000 SAR fair value. Dashed = 300-day average. As of Aug 4, 2026.

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Analysis

BAAN Holding (1820) currently trades at 2.09 SAR, while our model-based Fair Value estimate is 0.5000 SAR, implying the stock looks roughly 76.1% overvalued today. We read business quality at 43/100 (below-average quality), in the Consumer Cyclical 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, BAAN Holding generated revenue of 642M SAR at a net margin of -21.2%. Revenue declined 4.4% year over year. Net debt stands at 356M SAR. Fundamentals as of Aug 4, 2026

Our scenario range runs from 0.2300 SAR (bear case) to 0.7700 SAR (bull case); at 2.09 SAR, the current price sits above that range. The share trades about 15% below its 52-week high and 27% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -62% fair-value upside, at -76%, 1820 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 2.20 SAR 2.90 SAR 3.98 SAR 80
Rev-Margin DCF 1.70 SAR 2.53 SAR 3.55 SAR 74
EV/EBITDA 0.5700 SAR 0.8600 SAR 1.15 SAR 54
All 9 models by family
DCF Models
FCF DCF 2.12 SAR 2.86 SAR 4.10 SAR 38
5Y Revenue Exit 1.70 SAR 2.46 SAR 3.56 SAR 39
5Y EBITDA Exit 1.18 SAR 1.56 SAR 2.06 SAR 41
10Y Revenue Exit 1.83 SAR 2.38 SAR 2.94 SAR 36
10Y EBITDA Exit 1.58 SAR 1.87 SAR 2.14 SAR 37
Multiples
EV/EBITDA 0.5700 SAR 0.8600 SAR 1.15 SAR 54
EV/Revenue 1.53 SAR 2.31 SAR 3.10 SAR 43
Growth DCF
Growth DCF 2.20 SAR 2.90 SAR 3.98 SAR 80
Rev-Margin DCF 1.70 SAR 2.53 SAR 3.55 SAR 74

Widest divergence: Growth DCF (2.53 SAR) versus Multiples (0.8600 SAR). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 642M SAR
Revenue growth (YoY) -4.4%
Net margin -21.2%
Return on equity -113%
Free cash flow 185M SAR FY2025
Operating margin -4.3%
More key figures
EPS (TTM) -0.4300 SAR
EPS growth (YoY) -97.4%
Net debt 356M 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 45 · Market factors (momentum, volatility) 49

Profitability 7
Margins and returns on capital today
Quality Growth 15
Are margins and returns improving?
Cashflow 96
Earnings quality: real cash, not paper profit
Fin. Strength 1
Balance sheet, leverage, solvency risk
Investment 97
Disciplined investing over empire-building
Low Volatility 69
Calm price path (market factor)
Momentum 42
Price trend over the last 3–12 months (market factor)
52W Momentum 36
Distance to the 52-week high (market factor)
Net Issuance 81
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

BAAN Holding Group Company, together with its subsidiaries, provides hospitality and entertainment services in the Kingdom of Saudi Arabia, the United Arab Emirates, and Egypt. It operates through three segments: Hotel, Entertainment, and Others.

Full company description

BAAN Holding Group Company, together with its subsidiaries, provides hospitality and entertainment services in the Kingdom of Saudi Arabia, the United Arab Emirates, and Egypt. It operates through three segments: Hotel, Entertainment, and Others. The company engages in the establishment, management, operation, and maintenance of hotels, tourists and health resorts, furnished apartments, restaurants, and cafes; fun cities, entertainment and recreation centers, parks, and gardens; and commercial centers. It is also involved in the operation and management of electrical and children amusement games halls, as well as sport facilities projects. The company was formerly known as Abdulmohsen Al-Hokair Group and changed its name to BAAN Holding Group Company in November 2024. BAAN Holding Group Company was incorporated in 1978 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

BAAN Holding reported revenue of 649M SAR in FY2025 versus 708M SAR in FY2021, a compound −2.2%/yr. Reported net income was −202M SAR in FY2025.

Growth Quality 30/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
649M SAR
Latest YoY
−4.4%
Avg. growth/yr (3Y)
−3.4%
Avg. growth/yr (5Y)
+1.1%
Avg. growth/yr (13Y)
−1.3%
Revenue −2.2%/yr
FY21 708M SAR
FY22 721M SAR
FY23 742M SAR
FY24 679M SAR
FY25 649M SAR
Net income
FY21 −174M SAR
FY22 −81.5M SAR
FY23 −89.6M SAR
FY24 5.2M SAR
FY25 −202M SAR

1820 screens 76% overvalued. Compare with Marriott International, Inc →

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Cite: Fair Value Calculator (2026). "BAAN Holding Fair Value". https://www.fairvalue-calculator.com/stock/1820

Peer Group

Lodging · 173 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 · Below median
Fair Value upside −76% · Bottom 25%
Return on assets -2% · Bottom 25%
Net margin (TTM) -21% · Bottom 25%
Operating margin (TTM) -4% · Bottom 25%
Revenue growth -4% · Bottom 25%
Debt / equity 75.73× · Higher than 75% of peers

Valuation Multiples vs Lodging median · lower = cheaper

P/S (TTM) 0.54× · Cheaper than 75% of peers
P/FCF 1.9× · Pricier than median
EV/EBITDA 20.4× · Pricier than 75% of peers

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 Lodging stocks, each showing price versus our Fair Value estimate (as of Aug 4, 2026).

Stock Price Fair Value vs Fair Value
Marriott International, Inc MAR $369.05 $135.64 -63%
Hilton Worldwide Holdings HLT $328.48 $123.67 -62%
InterContinental Hotels Group IHG $159.87 $85.18 -47%
Hyatt Hotels Corporation H $191.00 $47.69 -75%
H World Group HTHT $42.67 $47.55 +11%
Accor SA AC €47.25 €39.26 -17%
The Indian Hotels Company INDHOTEL ₹743.20 ₹260.68 -65%
Wyndham Hotels & Resorts, Inc WH $78.54 $24.02 -69%
Hanjin Kal, 180640 113,500 KRW 36,890 KRW -67%
Choice Hotels International, Inc CHH $111.29 $62.55 -44%

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Frequently asked questions

Is BAAN Holding (1820) overvalued or undervalued?
As of Aug 4, 2026, our model estimates a fair value of 0.5000 SAR versus a price of 2.09 SAR, about −76% (overvalued).
What is the fair value of 1820?
Our model-based fair value for BAAN Holding is 0.5000 SAR (as of Aug 4, 2026), built from audited fundamentals. The current price is 2.09 SAR.
What is the quality score of 1820?
BAAN Holding has a Quality Score of 43/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of BAAN Holding (1820)?
BAAN Holding reported trailing-twelve-month revenue of about 642M SAR (latest available figure, as of Aug 4, 2026).
What is the net profit margin of 1820?
The net profit margin of BAAN Holding is about -21.2%, meaning it is currently running at a net loss. 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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