EN DE
Watch National Industrialization Co for free: we tell you when fair value or trend changes.
Data-driven stock valuation

National Industrialization Co (2060) fair value: what the stock is really worth

As of Oct 28, 2026: fair value (intrinsic value) of National Industrialization Co stock SAR 11.63, price SAR 7.27, upside +60.0%, quality 30 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with one Yes, for free

Basic Materials SA · ISIN SA0007879170

NI National Industrialization Co logo Thin data Oct 28, 2026

National Industrialization Co

2060 · SR
Cheap, value-trap riskFair value well above the price, but weak quality and a downtrend.Plus: Even on cautious assumptions the value is 20% above the price (8.69 SAR).

The stock costs 38% less than our calculation considers fair.

Fair value 11.63 SAR · Strongly undervalued (38%)
Low debt
Quality 30/100
Weak Growth (revenue 5y +1.8 %/yr in SAR)
Loss-making · -163.3% net margin (TTM)
Negative free cash flow
Trails peers (2/10)
Narrow moat 5/100
Thin data
⟳ Cyclical
Watch National Industrialization Co for free: we tell you when fair value or trend changes. Watch for free

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

26.00 SAR 6.99 SAR Fair Value 11.63 SAR Aug 2020 Oct 2026

White line = price, green steps = our fair value per fiscal year. As of Oct 28, 2026.

How to read this chart

60‑month range 6.99 SAR – 26.00 SAR · fair‑value band 8.69 SAR – 17.37 SAR · the 7.27 SAR price screens below the 11.63 SAR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Oct 28, 2026.

Follow National Industrialization Co in your weekly email

Every Wednesday you see whether National Industrialization Co is on track or worth a review, plus price against fair value. Free, up to 3 stocks.

We send you a confirmation link. Unsubscribe with one click.

Which stocks are undervalued right now? Check free Discover now →

Company profile

National Industrialization Company operates in the petrochemicals, chemicals, metals, wires, and industrial and automotive batteries sectors in the Kingdom of Saudi Arabia, rest of the Middle East, Asia, Africa, Europe, and internationally.

Show moreShow less

It operates through three segments: Metallurgy, Petrochemicals, and Downstream & Others.

The company offers acetic acid, butanol liquid fuel, butyl acrylate, glacial acrylic acid, iso-butanol, and normal butanol; high- and low-density polyethylene; polyethylene and polypropylene compound; pyrolysis oil; and superabsorbent polymer.

It also provides BOPP films, car batteries, HDPE pipes, plastic pallets, agrifilm, plastic sheets, geomembrane liners, battery cases and covers, plastic paint pails, reprocessed resins, and lead, as well as technical inspection, HSE, auditing and certification, management and technical training, calibration, food testing, and product certification services.

In addition, the company offers titanium sponge, titanium slag and sulphate fines, and pig iron.

Further, it provides application development, analytical labs, technical support and training, and certifications and accreditations services, as well as engages in production of liquid batteries for cars and lead and sodium sulphate.

The company was founded in 1984 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.

Stock analysis

National Industrialization Co (2060) currently trades at 7.27 SAR, while our model-based Fair Value estimate is 11.63 SAR, implying the stock looks roughly 37.5% undervalued today.

Show more

Valuation

How firm this estimate is: it rests on 2 models at a data quality of 80/100, which puts the data coverage at low.

Scenario range: 8.69 SAR (bear) to 17.37 SAR (bull), the price of 7.27 SAR sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 30/100 (below-average quality), in the Basic Materials sector.

Weak Growth: Revenue growth is weak: less than 2 % a year.

National Industrialization Co reported revenue of 2.5B SAR in FY2025 versus 3.7B SAR in FY2021, a compound −9.3%/yr. Reported net income was −1.8B SAR in FY2025.

Key figures

Market cap 4.9B SAR (≈ $1.3B) Small · P/S ratio 2.32 · EPS (TTM) −5.35 SAR · Net margin −70.9% · Return on equity −40.9% · Return on assets (EBIT) 3.1% · Operating margin −45.0% · Revenue (TTM) 2.1B SAR.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 5 out of 100 (medium confidence).

What moves the price

The share trades about 37% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at −36% fair-value upside, at 60%, 2060 screens cheaper than that median.

Fair Value models

Bear 8.69 SAR Fair Value 11.63 SAR Bull 17.37 SAR
Price 7.27 SAR · Upside +60.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
NCAV (Graham) 5.73 SAR 7.67 SAR 11.45 SAR 54
All 1 models by family
Asset-Based
NCAV (Graham) 5.73 SAR 7.67 SAR 11.45 SAR 54

Open the full fair value analysis →

Quality Score breakdown

Overall quality 30/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 0
How much profit the company makes from its sales and capital
Quality Growth 9
Are margins and returns getting better?
Cashflow 8
Do the profits arrive as real cash?
Financial strength 36
Debt, balance sheet and risk of trouble
Investment 81
Does it invest with discipline instead of growing at any price?
Low Volatility 86
How calm the share price moves, does not count
Momentum 11
Price trend of the last 3 to 12 months, does not count
Near the 52-week high 3
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 9/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
−36.2%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−13.8%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+1.8%
Start year 2020 (pandemic). Over 10 years: −16.5% a year
Revenue growth 19 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−1.4%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
68.5% (2021) → −13.7% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

Watch 2060, get fair value alerts →

Compare National Industrialization Co with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Peer Groupⓘ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.Chemicals · 338 stocks

Beats the industry median on 2/9 measures
Overall it trails its industry peers.
Valuation
Quality Score 30 · Bottom 25%
Fair Value upside +60.0% · Top 25%
Profitability
Return on assets −8.5% · Bottom 25%
Net margin (12 months) −163.3% · Bottom 25%
Operating margin (12 months) −45.0% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −34.7% · Bottom 25%
Balance sheet
Debt / equity 0.45× · Highest 25%

Valuation Multiplesvs Chemicals median · lower = cheaper

P/B 0.62× · Cheapest 25%
P/S (12 months) 2.28× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 7
FUTURE (revenue growth)0 · sector 63
PAST (return on equity)0 · sector 24
HEALTH (low debt)78 · sector 94
DIVIDEND (yield)0 · sector 32

Context: sector, industry, market

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

Similar stocks

10 more Chemicals stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Hengli Petrochemical Co 600346 ¥15.74 ¥43.28 +175% vs 2060
LG Chem, Ltd 051910 228,500 KRW 587,755 KRW +157% vs 2060
Ningxia Baofeng Energy Group 600989 ¥22.13 ¥40.44 +83% vs 2060
Zangge Mining Company 000408 ¥69.00 ¥75.90 +10% vs 2060
Zhejiang Juhua Co 600160 ¥30.18 ¥19.31 −36% vs 2060
Dow Inc DOW $33.78 $20.94 −38% vs 2060
Ganfeng Lithium Group 002460 ¥36.45 ¥15.80 −57% vs 2060
Jiangsu Eastern Shenghong Co 000301 ¥11.88 ¥3.14 −74% vs 2060
Formosa Chemicals & Fibre Corporation 1326 74.40 TWD 17.66 TWD −76% vs 2060
Rongsheng Petrochemical Co 002493 ¥11.66 ¥2.39 −80% vs 2060

Explore undervalued stocks

More undervalued Basic Materials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screenerFilter by region, size and sector Compare toolTwo stocks side by side Peter Lynch Fair Value Formula &…Calculator with industry benchmark
Run the numbers yourself: free valuation calculators
DCF CalculatorP/E Ratio CalculatorPEG Ratio CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorIntrinsic ValueIntrinsic vs Extrinsic ValueP/E Ratio by Sector
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

National Industrialization Co · Fair Value
11.63 SAR +38%Fair Value
Calculator →

Cite: Fair Value Calculator (2026). "National Industrialization Co Fair Value". https://www.fairvalue-calculator.com/stock/2060

Frequently asked questions

Is National Industrialization Co (2060) overvalued or undervalued?
As of Oct 28, 2026, our model estimates a fair value of 11.63 SAR versus a price of 7.27 SAR, about +60% upside (undervalued).
What is the fair value of 2060?
Our model-based fair value for National Industrialization Co is 11.63 SAR (as of Oct 28, 2026), built from audited fundamentals. The current price: 7.27 SAR.
What is the quality score of 2060?
National Industrialization Co has a Quality Score of 30/100. 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 price target for National Industrialization Co (2060)?
Our model-based price target is the fair value of 11.63 SAR (as of Oct 28, 2026) from 1 valuation models. Cautious scenario 8.69 SAR, optimistic scenario 17.37 SAR. It is a calculation from audited fundamentals, not an analyst target.
What is the National Industrialization Co stock forecast for 2026?
Our models put fair value at 11.63 SAR, about +60% upside versus a price of 7.27 SAR (undervalued). Cautious scenario 8.69 SAR, optimistic scenario 17.37 SAR. The calculation is refreshed regularly with new filings.
What is the revenue of National Industrialization Co (2060)?
National Industrialization Co reported trailing-twelve-month revenue of about 2.1B SAR (latest available figure, as of Oct 28, 2026).
What is the intrinsic value of National Industrialization Co (2060)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For National Industrialization Co it is 11.63 SAR per share (as of Oct 28, 2026), against a price of 7.27 SAR. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is National Industrialization Co stock overvalued or undervalued in 2026?
As of Oct 28, 2026, 2060 trades below its calculated fair value: price 7.27 SAR, fair value 11.63 SAR, a gap of about +60% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 2060?
No. The price is what the market pays today (7.27 SAR); the fair value is what the company's own numbers justify (11.63 SAR). For National Industrialization Co the two are 4.36 SAR per share apart. That gap is exactly why we show both numbers side by side.
How much is National Industrialization Co worth?
The market values National Industrialization Co at about 4.9B SAR (market capitalisation, as of Oct 28, 2026). Per share that is 7.27 SAR; our models calculate a fair value of 11.63 SAR per share.
What do the bullish and bearish scenarios say about 2060?
Our models span a range for National Industrialization Co: cautious scenario 8.69 SAR, base 11.63 SAR, optimistic 17.37 SAR per share (as of Oct 28, 2026, price 7.27 SAR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of National Industrialization Co (2060)?
Balance-sheet figures for National Industrialization Co (as of Oct 28, 2026): return on equity −40.9%, debt of 0.45 per unit of equity. They feed the Quality Score of 30/100, which measures business quality independently of the share price.
How far is 2060 from its 52-week high?
National Industrialization Co trades at 7.27 SAR, about 37% below its 52-week high of 11.56 SAR and 4% above the low of 6.99 SAR (as of Oct 28, 2026). Distance from the high says nothing about value: that is what the fair value of 11.63 SAR is for.
Which stocks are comparable to National Industrialization Co?
From the same area (Basic Materials) we also value Dow Inc, Ningxia Baofeng Energy Group, Rongsheng Petrochemical Co, Zangge Mining Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is National Industrialization Co stock attractive at the current price?
The data as of Oct 28, 2026: price 7.27 SAR, calculated fair value 11.63 SAR (+60%), Quality Score 30/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 2060 calculated?
We run National Industrialization Co through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 11.63 SAR, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.4 % above its aggregate fair value. National Industrialization Co currently trades 38 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of National Industrialization Co (2060)?
The closing price on Oct 28, 2026 was 7.27 SAR. Our model-based fair value is 11.63 SAR, about +60% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with National Industrialization Co right now?
The large discount to fair value meets weak quality (30/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (8.69 SAR). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (8.69 SAR to 17.37 SAR) leaves room in how you read the outcome.

Key figures of National Industrialization Co

How large is the market capitalisation of National Industrialization Co (2060)?
The market capitalisation of National Industrialization Co is 4.9B SAR (≈ $1.3B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of National Industrialization Co (2060)?
The price-to-sales ratio of National Industrialization Co is 2.32 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of National Industrialization Co (2060)?
Earnings per share at National Industrialization Co are −5.35 SAR. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of National Industrialization Co (2060)?
The net margin of National Industrialization Co is −70.9% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of National Industrialization Co (2060)?
The return on equity (ROE) of National Industrialization Co is −40.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of National Industrialization Co (2060)?
On an EBIT basis the return on assets of National Industrialization Co is 3.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of National Industrialization Co (2060)?
The operating margin of National Industrialization Co is −45.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at National Industrialization Co (2060)?
Revenue at National Industrialization Co is growing −34.7% versus a year earlier (3y avg −13.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at National Industrialization Co (2060)?
Earnings per share at National Industrialization Co are growing +232% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does National Industrialization Co (2060) generate?
The free cash flow of National Industrialization Co is −238M SAR (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does National Industrialization Co (2060) carry?
The net debt of National Industrialization Co is 3.5B SAR (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed

Watch National Industrialization Co in the live analysis

One click puts National Industrialization Co on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 28,000+ stock screener.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.