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National Gas and Industrialization Company (2080) Fair Value & Analysis

Energy · SA · Market cap 4.8B SAR

NG National Gas and Industrialization Company 2080 · SR
Price63.95 SAR
Fair Value42.67 SAR
Upside-33.3%
Quality54/100
Mixed Growth
Thin margins · 7.9% net margin
Low debt · generates free cash flow
3.62% dividend yield
Mixed vs. peers (7/14)
Narrow moat 41/100
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Evidence: High Range 24.81 SAR – 59.05 SAR Share as image

Fair value as of: Aug 4, 2026

From 26 valuation models · updated today

Share price −11.4% over the past month.

A solid business, but screening 33% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (59.05 SAR). The favourable scenario is already priced in.
  • Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (24.81 SAR to 59.05 SAR) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

112.11 SAR 23.29 SAR Fair Value 42.67 SAR Feb 2020 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 23.29 SAR – 112.11 SAR · fair‑value band 24.81 SAR – 59.05 SAR · the 63.95 SAR price screens above the 42.67 SAR fair value. Dashed = 300-day average. As of Aug 4, 2026.

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Analysis

National Gas and Industrialization Company (2080) currently trades at 63.95 SAR, while our model-based Fair Value estimate is 42.67 SAR, implying the stock looks roughly 33.3% overvalued today. We read business quality at 54/100 (solid quality), in the Energy 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, National Gas and Industrialization Company generated revenue of 3.4B SAR at a net margin of 7.9%. Revenue grew 14.9% year over year. It earns a return on equity of 13.0%. The balance sheet holds a net cash position of 45.4M SAR. Fundamentals as of Aug 4, 2026

Our scenario range runs from 24.81 SAR (bear case) to 59.05 SAR (bull case); at 63.95 SAR, the current price sits above that range. The share trades about 32% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Energy peers we cover trades at -30% fair-value upside, at -33%, 2080 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 19.83 SAR 27.58 SAR 37.99 SAR 80
Residual Income 24.45 SAR 28.49 SAR 47.73 SAR 76
Rev-Margin DCF 21.57 SAR 33.60 SAR 46.96 SAR 74
All 26 models by family
DCF Models
FCF DCF 19.47 SAR 28.09 SAR 40.31 SAR 38
Owner Earnings 18.22 SAR 26.25 SAR 37.63 SAR 31
5Y Revenue Exit 21.57 SAR 33.55 SAR 48.60 SAR 39
5Y EBITDA Exit 26.99 SAR 43.45 SAR 62.29 SAR 41
5Y P/E Exit 35.64 SAR 59.23 SAR 83.50 SAR 38
10Y Revenue Exit 19.94 SAR 30.42 SAR 44.00 SAR 36
10Y EBITDA Exit 23.93 SAR 37.05 SAR 53.99 SAR 37
10Y P/E Exit 29.27 SAR 47.63 SAR 69.47 SAR 35
Earnings-Based
Graham-Dodd 22.59 SAR 62.03 SAR 81.40 SAR 54
Lynch FV 12.32 SAR 17.60 SAR 22.88 SAR 50
PEG = 1.0 12.32 SAR 17.60 SAR 22.88 SAR 46
EPV 21.75 SAR 25.00 SAR 27.81 SAR 59
Dividend Discount
Gordon GGM 19.61 SAR 39.08 SAR 59.18 SAR 70
DDM Multi-Stage 19.61 SAR 30.25 SAR 41.06 SAR 61
Multiples
P/E Multiple 49.82 SAR 66.43 SAR 83.03 SAR 63
P/S Multiple 42.35 SAR 56.46 SAR 70.58 SAR 58
P/B Multiple 42.35 SAR 56.46 SAR 70.58 SAR 55
EV/EBIT 35.14 SAR 46.47 SAR 57.79 SAR 53
EV/EBITDA 35.44 SAR 46.87 SAR 58.30 SAR 54
EV/Revenue 24.06 SAR 33.88 SAR 43.70 SAR 43
Asset-Based
NCAV (Graham) 13.12 SAR 17.58 SAR 26.24 SAR 50
Growth DCF
Growth DCF 19.83 SAR 27.58 SAR 37.99 SAR 80
Rev-Margin DCF 21.57 SAR 33.60 SAR 46.96 SAR 74
Economic Profit
Residual Income 24.45 SAR 28.49 SAR 47.73 SAR 76
ROIC Compounder 21.75 SAR 25.00 SAR 29.11 SAR 72
Growth Earnings
Growth-Adj P/E 39.70 SAR 56.71 SAR 73.72 SAR 68

Widest divergence: Growth Earnings (56.71 SAR) versus Asset-Based (17.58 SAR). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 3.4B SAR
Revenue growth (YoY) +14.9%
Net margin 7.9%
Return on equity 13.0%
Free cash flow 131M SAR FY2025
P/E ratio 17.8
More key figures
Operating margin 7.3%
EPS (TTM) 3.59 SAR
Dividend yield 3.6%
EPS growth (YoY) +32.7%
Net cash 45.4M SAR FY2025

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

Quality Score breakdown

Overall quality 54/100

Of which business quality 62 · Market factors (momentum, volatility) 36

Profitability 53
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 34
Earnings quality: real cash, not paper profit
Fin. Strength 83
Balance sheet, leverage, solvency risk
Investment 77
Disciplined investing over empire-building
Low Volatility 84
Calm price path (market factor)
Momentum 19
Price trend over the last 3–12 months (market factor)
52W Momentum 12
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

National Gas and Industrialization Company engages in exploits, manufactures, and markets various kinds of gas and its derivatives, and industrial gases in the Kingdom of Saudi Arabia and internationally.

Full company description

National Gas and Industrialization Company engages in exploits, manufactures, and markets various kinds of gas and its derivatives, and industrial gases in the Kingdom of Saudi Arabia and internationally. It manufactures, sells, and maintains cages, cylinders, tanks, and accessories; maintenance of gas networks and accessories; and manufactures, transports, and markets petroleum, chemical, and petrochemical and glass products. The company also establishes or participates in the production of energy, water treatment, and environmental services. In addition, it is involved in the establishment, building, and maintenance of liquefied petroleum gas (LPG) networks and tanks; and development of LPG products and solutions. Further, the company offers technical and engineering consulting services, and training related to gas and energy works; and acquires and invests in real estate, as well as purchases land for the construction of buildings for lease and sale. The company was founded in 1961 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

National Gas and Industrialization Company reported revenue of 3.3B SAR in FY2025 versus 1.9B SAR in FY2021, a compound +14.5%/yr. Reported net income was 249M SAR in FY2025, compounding +5.5%/yr from FY2021.

Growth Quality 73/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
3.3B SAR
Latest YoY
+14.2%
Avg. growth/yr (3Y)
+16.6%
Avg. growth/yr (5Y)
+10.7%
Avg. growth/yr (19Y)
+4.8%
Revenue +14.5%/yr
FY21 1.9B SAR
FY22 2.1B SAR
FY23 2.5B SAR
FY24 2.9B SAR
FY25 3.3B SAR
Net income +5.5%/yr
FY21 201M SAR
FY22 214M SAR
FY23 227M SAR
FY24 249M SAR
FY25 249M SAR

2080 screens 33% overvalued. Compare with Exxon Mobil Corporation →

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Cite: Fair Value Calculator (2026). "National Gas and Industrialization Company Fair Value". https://www.fairvalue-calculator.com/stock/2080

Peer Group

Oil & Gas Integrated · 56 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 54 · Below median
Fair Value upside −33% · Below median
Return on equity (TTM) 13% · Above median
Return on assets 5% · Below median
Net margin (TTM) 8% · Above median
Operating margin (TTM) 7% · Below median
Revenue growth 15% · Top 25%
Dividend yield (TTM) 3.6% · Below median
Debt / equity 0.02× · Lower than 75% of peers

Valuation Multiples vs Oil & Gas Integrated median · lower = cheaper

P/E (TTM) 17.8× · Pricier than median
P/B 0.65× · Cheaper than 75% of peers
P/S (TTM) 0.38× · Cheaper than 75% of peers
P/FCF 9.7× · Pricier than median
EV/EBITDA 4.3× · 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 6
FUTURE 75 · sector 3
PAST 52 · sector 41
HEALTH 99 · sector 86
DIVIDEND 72 · sector 78

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.

Oil & gas

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Oil & Gas Integrated stocks, each showing price versus our Fair Value estimate (as of Aug 4, 2026).

Stock Price Fair Value vs Fair Value
Exxon Mobil Corporation XOM $144.51 $90.37 -37%
Chevron Corporation CVX $176.40 $90.66 -49%
PetroChina Company 601857 ¥10.29 ¥16.51 +60%
Shell plc SHELL €38.04 €46.09 +21%
TotalEnergies SE TTE C$13.80 C$7.92 -43%
Petróleo Brasileiro S.A PETR3 12,540 ARS 30,914 ARS +147%
BP p.l.c., an integrated energy company, BP $40.83 $12.71 -69%
China Petroleum & Chemical Corporation 600028 ¥5.03 ¥4.46 -11%
Equinor ASA EQNR kr 344.90 kr 36.06 -90%
Eni S.p.A ENI €21.70 €15.13 -30%

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Frequently asked questions

Is National Gas and Industrialization Company (2080) overvalued or undervalued?
As of Aug 4, 2026, our model estimates a fair value of 42.67 SAR versus a price of 63.95 SAR, about −33% (overvalued).
What is the fair value of 2080?
Our model-based fair value for National Gas and Industrialization Company is 42.67 SAR (as of Aug 4, 2026), built from audited fundamentals. The current price is 63.95 SAR.
What is the quality score of 2080?
National Gas and Industrialization Company has a Quality Score of 54/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of National Gas and Industrialization Company (2080)?
National Gas and Industrialization Company reported trailing-twelve-month revenue of about 3.4B SAR (latest available figure, as of Aug 4, 2026).
What is the net profit margin of 2080?
The net profit margin of National Gas and Industrialization Company is about 7.9%, meaning it keeps roughly 7.9% of revenue as net income. Based on the latest reported figures.
Does National Gas and Industrialization Company pay a dividend?
National Gas and Industrialization Company currently shows a dividend yield of about 3.62% relative to its recent price (as of Aug 4, 2026).

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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