National Gypsum Company (2090) fair value: what the stock is really worth
As of Oct 4, 2026: fair value of National Gypsum Company SAR 12.61, price SAR 11.17, upside +12.9%, quality 38 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 4, 2026.
How to read this chart
60‑month range 11.06 SAR – 53.54 SAR · fair‑value band 9.41 SAR – 18.81 SAR · the 11.17 SAR price screens below the 12.61 SAR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 4, 2026.
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National Gypsum Company produces and trades in gypsum and its derivatives in the Kingdom of Saudi Arabia. It offers plasterboard products. The company was incorporated in 1959 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.
Stock analysis
National Gypsum Company (2090) currently trades at 11.17 SAR, while our model-based Fair Value estimate is 12.61 SAR, implying the stock looks roughly 11.4% undervalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.
Scenario range: 9.41 SAR (bear) to 18.81 SAR (bull), the price of 11.17 SAR sits inside 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 38/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
National Gypsum Company reported revenue of 60.6M SAR in FY2025 versus 85.6M SAR in FY2021, a compound −8.3%/yr. Reported net income was −30.8M SAR in FY2025.
Key figures
Market cap 355M SAR (≈ $94.5M) · P/S ratio 4.95 · EPS (TTM) −1.13 SAR · Net margin −50.8% · Return on equity −8.0% · Return on assets (EBIT) −0.2% · Operating margin −16.5% · Revenue (TTM) 70.7M SAR.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (low confidence).
What moves the price
The share trades about 46% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −46% fair-value upside, at 13%, 2090 screens cheaper than that median.
Fair Value models
Bear 9.41 SARFair Value 12.61 SARBull 18.81 SAR
Price 11.17 SAR · Upside +12.9%
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. 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.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.0/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−4.3%
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.
+3.4%
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.
−10.8%
Start year 2020 (pandemic). Over 10 years: −2.6% 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.
−7.3%
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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.
38.3% (2020) → −19.2% (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 Gypsum Company 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.Building Materials · 253 stocks
Beats the industry median on 4/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score38 · Bottom 25%
Fair Value upside+14.0% · Above median
Profitability
Return on assets−2.3% · Bottom 25%
Net margin (TTM)−57.1% · Bottom 25%
Operating margin (TTM)−16.5% · Bottom 25%
Growth and dividend
Revenue growth46.1% · Top 25%
Balance sheet
Debt / equity0.02× · Lowest 25%
Valuation Multiplesvs Building Materials median · lower = cheaper
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.
Cite: Fair Value Calculator (2026). "National Gypsum Company Fair Value". https://www.fairvalue-calculator.com/stock/2090
Frequently asked questions
Is National Gypsum Company (2090) overvalued or undervalued?
As of Oct 4, 2026, our model estimates a fair value of 12.61 SAR versus a price of 11.17 SAR, about +13% upside (undervalued).
What is the fair value of 2090?
Our model-based fair value for National Gypsum Company is 12.61 SAR (as of Oct 4, 2026), built from audited fundamentals. The current price: 11.17 SAR.
What is the quality score of 2090?
National Gypsum Company has a Quality Score of 38/100. 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 Gypsum Company (2090)?
Our model-based price target is the fair value of 12.61 SAR (as of Oct 4, 2026) from 1 valuation models. Cautious scenario 9.41 SAR, optimistic scenario 18.81 SAR. It is a calculation from audited fundamentals, not an analyst target.
What is the National Gypsum Company stock forecast for 2026?
Our models put fair value at 12.61 SAR, about +13% upside versus a price of 11.17 SAR (undervalued). Cautious scenario 9.41 SAR, optimistic scenario 18.81 SAR. The calculation is refreshed regularly with new filings.
What is the revenue of National Gypsum Company (2090)?
National Gypsum Company reported trailing-twelve-month revenue of about 70.7M SAR (latest available figure, as of Oct 4, 2026).
What is the intrinsic value of National Gypsum Company (2090)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For National Gypsum Company it is 12.61 SAR per share (as of Oct 4, 2026), against a price of 11.17 SAR. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is National Gypsum Company stock overvalued or undervalued in 2026?
As of Oct 4, 2026, 2090 trades below its calculated fair value: price 11.17 SAR, fair value 12.61 SAR, a gap of about +13% (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 2090?
No. The price is what the market pays today (11.17 SAR); the fair value is what the company's own numbers justify (12.61 SAR). For National Gypsum Company the two are 1.44 SAR per share apart. That gap is exactly why we show both numbers side by side.
How much is National Gypsum Company worth?
The market values National Gypsum Company at about 355M SAR (market capitalisation, as of Oct 4, 2026). Per share that is 11.17 SAR; our models calculate a fair value of 12.61 SAR per share.
What do the bullish and bearish scenarios say about 2090?
Our models span a range for National Gypsum Company: cautious scenario 9.41 SAR, base 12.61 SAR, optimistic 18.81 SAR per share (as of Oct 4, 2026, price 11.17 SAR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of National Gypsum Company (2090)?
Balance-sheet figures for National Gypsum Company (as of Oct 4, 2026): return on equity −8.0%, debt of 0.02 per unit of equity. They feed the Quality Score of 38/100, which measures business quality independently of the share price.
How far is 2090 from its 52-week high?
National Gypsum Company trades at 11.17 SAR, about 46% below its 52-week high of 20.65 SAR and 1% above the low of 11.06 SAR (as of Oct 4, 2026). Distance from the high says nothing about value: that is what the fair value of 12.61 SAR is for.
Which stocks are comparable to National Gypsum Company?
From the same area (Basic Materials) we also value CRH plc, Holcim AG, Martin Marietta Materials, Inc, UltraTech Cement Limited, 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 Gypsum Company stock attractive at the current price?
The data as of Oct 4, 2026: price 11.17 SAR, calculated fair value 12.61 SAR (+13%), Quality Score 38/100, 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 2090 calculated?
We run National Gypsum Company 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 12.61 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 15.0 % above its aggregate fair value. National Gypsum Company currently trades 11 % 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 Gypsum Company (2090)?
The closing price on Oct 4, 2026 was 11.17 SAR. Our model-based fair value is 12.61 SAR, about +13% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with National Gypsum Company right now?
A fairly wide model range (9.41 SAR to 18.81 SAR) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of National Gypsum Company
How large is the market capitalisation of National Gypsum Company (2090)?
The market capitalisation of National Gypsum Company is 355M SAR (≈ $94.5M). 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 Gypsum Company (2090)?
The price-to-sales ratio of National Gypsum Company is 4.95 (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 Gypsum Company (2090)?
Earnings per share at National Gypsum Company are −1.13 SAR. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of National Gypsum Company (2090)?
The net margin of National Gypsum Company is −50.8% (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 Gypsum Company (2090)?
The return on equity (ROE) of National Gypsum Company is −8.0% (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 Gypsum Company (2090)?
On an EBIT basis the return on assets of National Gypsum Company is −0.2% (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 Gypsum Company (2090)?
The operating margin of National Gypsum Company is −16.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at National Gypsum Company (2090)?
Revenue at National Gypsum Company is growing +46.1% versus a year earlier (3y avg +3.4%). 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 Gypsum Company (2090)?
Earnings per share at National Gypsum Company are growing −56.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does National Gypsum Company (2090) generate?
The free cash flow of National Gypsum Company is −35.7M 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 Gypsum Company (2090) carry?
The net debt of National Gypsum Company is 29.7M 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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