National Industrialization Co (2060) fair value: what the stock is really worth
We calculate from audited financials what National Industrialization Co is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.
How to read this chart
60‑month range 8.21 SAR – 26.00 SAR · fair‑value band 10.88 SAR – 21.74 SAR · the 9.00 SAR price screens below the 14.56 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. Dashed = 300-day average. As of Sep 13, 2026.
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. It operates through three segments: Metallurgy, Petrochemicals, and Downstream & Others.
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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. 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 9.00 SAR, while our model-based Fair Value estimate is 14.56 SAR, implying the stock looks roughly 38.2% undervalued today.
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Valuation
How firm this estimate is: it rests on 4 models at a data quality of 80/100, which puts the evidence level at low.
Scenario range: 10.88 SAR (bear) to 21.74 SAR (bull), the price of 9.00 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 6.0B SAR (≈ $1.6B) · P/S ratio 2.43 · EPS (TTM) −4.53 SAR · Dividend yield 0.7% · Net margin −70.9% · Return on equity −32.4% · Return on assets (EBIT) 3.1% · Operating margin −26.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 25% below its 52-week high and 12% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −44% fair-value upside, at 62%, 2060 screens cheaper than that median.
Fair Value models
Bear 10.88 SARFair Value 14.56 SARBull 21.74 SAR
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = 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.
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%
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%
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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
Compare National Industrialization Co with another stock
Price, fair value, quality and upside side by side.
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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 · 350 stocks
Beats the industry median on 3/10 measures
Overall it trails its industry peers.
Valuation
Quality Score30 · Bottom 25%
Fair Value upside+60% · Top 25%
Profitability
Return on assets−1% · Bottom 25%
Net margin (TTM)−129% · Bottom 25%
Operating margin (TTM)−27% · Bottom 25%
Growth and dividend
Revenue growth−24% · Bottom 25%
Dividend yield (TTM)0.7% · Bottom 25%
Balance sheet
Debt / equity0.45× · Highest 25%
Valuation Multiplesvs Chemicals median · lower = cheaper
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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 Sep 13, 2026, our model estimates a fair value of 14.56 SAR versus a price of 9.00 SAR, about +62% upside (undervalued).
What is the fair value of 2060?
Our model-based fair value for National Industrialization Co is 14.56 SAR (as of Sep 13, 2026), built from audited fundamentals. The current price: 9.00 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 14.56 SAR (as of Sep 13, 2026) from 3 valuation models. Cautious scenario 10.88 SAR, optimistic scenario 21.74 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 14.56 SAR, about +62% upside versus a price of 9.00 SAR (undervalued). Cautious scenario 10.88 SAR, optimistic scenario 21.74 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 2.3B SAR (latest available figure, as of Sep 13, 2026).
Does National Industrialization Co pay a dividend?
National Industrialization Co currently shows a dividend yield of about 0.70% relative to its recent price (as of Sep 13, 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 14.56 SAR per share (as of Sep 13, 2026), against a price of 9.00 SAR. It is the blended result of 3 valuation models (cash flow, earnings, asset, dividend).
Is National Industrialization Co stock overvalued or undervalued in 2026?
As of Sep 13, 2026, 2060 trades below its calculated fair value: price 9.00 SAR, fair value 14.56 SAR, a gap of about +62% (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 (9.00 SAR); the fair value is what the company's own numbers justify (14.56 SAR). For National Industrialization Co the two are 5.56 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 6.0B SAR (market capitalisation, as of Sep 13, 2026). Per share that is 9.00 SAR; our models calculate a fair value of 14.56 SAR per share.
What do the bullish and bearish scenarios say about 2060?
Our models span a range for National Industrialization Co: cautious scenario 10.88 SAR, base 14.56 SAR, optimistic 21.74 SAR per share (as of Sep 13, 2026, price 9.00 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 Sep 13, 2026): return on equity −32.4%, 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 9.00 SAR, about 25% below its 52-week high of 11.94 SAR and 12% above the low of 8.05 SAR (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of 14.56 SAR is for.
Which stocks are comparable to National Industrialization Co?
From the same area (Basic Materials) we also value BASF SE, Saudi Basic Industries Corporation, A. Schulman, Inc, Ningxia Baofeng Energy Group, 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 Sep 13, 2026: price 9.00 SAR, calculated fair value 14.56 SAR (+62%), Quality Score 30/100, from 3 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 3 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 14.56 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 15.8 % above its aggregate fair value. National Industrialization Co currently trades 62 % 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 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 (10.88 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 (10.88 SAR to 21.74 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 6.0B SAR (≈ $1.6B). 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 2.43 (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 −4.53 SAR. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of National Industrialization Co (2060)?
The dividend yield of National Industrialization Co is 0.7%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
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 −32.4% (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 −26.5% (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 −23.6% 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.
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