Saudi Cable Company (2110) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Saudi Cable Company SAR 481, price SAR 180, upside +167.0%, quality 56 out of 100. Calculated from audited financials with 26 valuation models and 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 Oct 1, 2026.
How to read this chart
60‑month range 57.15 SAR – 190.00 SAR · fair‑value band 336.59 SAR – 625.10 SAR · the 180.10 SAR price screens below the 480.84 SAR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 1, 2026.
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Saudi Cable Company, together with its subsidiaries, designs, manufactures, supplies, and sells copper, aluminium, and fiber optic cable products in the Kingdom of Saudi Arabia, Turkey, and internationally. It operates in two segments, Sale of Manufactured Goods and Turnkey Power and Telecommunication Projects.
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Saudi Cable Company, together with its subsidiaries, designs, manufactures, supplies, and sells copper, aluminium, and fiber optic cable products in the Kingdom of Saudi Arabia, Turkey, and internationally. It operates in two segments, Sale of Manufactured Goods and Turnkey Power and Telecommunication Projects. The company offers power cables, including medium and low voltage cables; speciality instrumentation and industrial cables, such as fire retardant and halogen acid gas-free cables; and building and grounding cables comprising bare and insulated copper cables for residential, commercial, and institutional construction projects. It also provides fiber optic and copper conductor communication cables, which include master optical fiber and metallic; land high voltage and extra-high voltage power transmission cables, such as foundation fieldbus, thermocouple, fire resistant, and lead sheathed cables; and OHL conductors comprising master overhead lines. In addition, the company is involved in contracting, trading, distributing, and supplying cables, electronic products, information technology products, and related products. It serves oil and gas, power and utilities, telecommunications, civil and commercial, industrial, transport, military, and electrical industries. The company was founded in 1975 and is headquartered in Jeddah, the Kingdom of Saudi Arabia.
Stock analysis
Saudi Cable Company (2110) currently trades at 180.10 SAR, while our model-based Fair Value estimate is 480.84 SAR, implying the stock looks roughly 62.5% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 480.84 SAR per share, and 4 of the 5 models we run sit above the 180.10 SAR price.
Bear case: the Earnings-Based group reads lowest at 251.53 SAR, and 1 of the 5 models stay below the price. Evidence for this calculation is low.
Scenario range: 336.59 SAR (bear) to 625.10 SAR (bull), the price of 180.10 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 56/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Saudi Cable Company reported revenue of 156M SAR in FY2025 versus 161M SAR in FY2021, a compound −0.7%/yr. Reported net income was 202M SAR in FY2025.
Key figures
Market cap 1.2B SAR (≈ $320M) · P/E ratio 7.4 · P/S ratio 9.54 · EPS (TTM) 24.45 SAR · Net margin 129% · Return on equity −343% · Return on assets (EBIT) −15.0% · Operating margin −130%.
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 5% below its 52-week high and 41% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −38% fair-value upside, at 167%, 2110 screens cheaper than that median.
Fair Value models
Bear 336.59 SARFair Value 480.84 SARBull 625.10 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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (18.35 SAR per share) are deliberately not added.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.25/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+253.8%
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.
+28.8%
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.
−15.8%
Start year 2020 (pandemic). Over 10 years: −22.2% 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.
−11.5%
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What shareholders gained per year (last 3 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
≈ +76.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+76.8%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘ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.−46% → −65%
⚠ Revenue per share shrinking 29.6%/yr over ~10Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
⚠ Approximate: the rate leans on 2025, which sits 373% above its own trend.
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.Electrical Equipment & Parts · 543 stocks
Beats the industry median on 4/8 measures
A mixed picture versus its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside+167.0% · Top 25%
Profitability
Return on equity (TTM)Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Return on assets−8.4% · Bottom 25%
Net margin (TTM)125.5% · Top 25%
Operating margin (TTM)−130.0% · Bottom 25%
Growth and dividend
Revenue growth−13.8% · Bottom 25%
Balance sheet
Debt / equityNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper
P/E (TTM)7.4× · Cheapest 25%
P/BNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
P/S (TTM)9.25× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)100· sector 0
FUTURE (revenue growth)0· sector 56
PAST (return on equity)0· sector 26
HEALTH (low debt)0· sector 97
DIVIDEND (yield)0· sector 23
PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.
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Cite: Fair Value Calculator (2026). "Saudi Cable Company Fair Value". https://www.fairvalue-calculator.com/stock/2110
Frequently asked questions
Is Saudi Cable Company (2110) overvalued or undervalued?
As of Oct 1, 2026, our model estimates a fair value of 480.84 SAR versus a price of 180.10 SAR, about +167% upside (undervalued).
What is the fair value of 2110?
Our model-based fair value for Saudi Cable Company is 480.84 SAR (as of Oct 1, 2026), built from audited fundamentals. The current price: 180.10 SAR.
What is the quality score of 2110?
Saudi Cable Company has a Quality Score of 56/100. 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 Saudi Cable Company (2110)?
Our model-based price target is the fair value of 480.84 SAR (as of Oct 1, 2026) from 5 valuation models. Cautious scenario 336.59 SAR, optimistic scenario 625.10 SAR. It is a calculation from audited fundamentals, not an analyst target.
What is the Saudi Cable Company stock forecast for 2026?
Our models put fair value at 480.84 SAR, about +167% upside versus a price of 180.10 SAR (undervalued). Cautious scenario 336.59 SAR, optimistic scenario 625.10 SAR. The calculation is refreshed regularly with new filings.
What is the revenue of Saudi Cable Company (2110)?
Saudi Cable Company reported trailing-twelve-month revenue of about 130M SAR (latest available figure, as of Oct 1, 2026).
What is the intrinsic value of Saudi Cable Company (2110)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Saudi Cable Company it is 480.84 SAR per share (as of Oct 1, 2026), against a price of 180.10 SAR. It is the blended result of 5 valuation models (cash flow, earnings, asset, dividend).
Is Saudi Cable Company stock overvalued or undervalued in 2026?
As of Oct 1, 2026, 2110 trades below its calculated fair value: price 180.10 SAR, fair value 480.84 SAR, a gap of about +167% (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 2110?
No. The price is what the market pays today (180.10 SAR); the fair value is what the company's own numbers justify (480.84 SAR). For Saudi Cable Company the two are 300.74 SAR per share apart. That gap is exactly why we show both numbers side by side.
How much is Saudi Cable Company worth?
The market values Saudi Cable Company at about 1.2B SAR (market capitalisation, as of Oct 1, 2026). Per share that is 180.10 SAR; our models calculate a fair value of 480.84 SAR per share.
What do the bullish and bearish scenarios say about 2110?
Our models span a range for Saudi Cable Company: cautious scenario 336.59 SAR, base 480.84 SAR, optimistic 625.10 SAR per share (as of Oct 1, 2026, price 180.10 SAR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2110?
Saudi Cable Company trades at a price-to-earnings ratio of 7.4 (as of Oct 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 480.84 SAR is built from several models across several years. Other multiples: P/S 9.2.
How solid is the balance sheet of Saudi Cable Company (2110)?
Balance-sheet figures for Saudi Cable Company (as of Oct 1, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is 2110 from its 52-week high?
Saudi Cable Company trades at 180.10 SAR, about 5% below its 52-week high of 190.00 SAR and 41% above the low of 127.70 SAR (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of 480.84 SAR is for.
Which stocks are comparable to Saudi Cable Company?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Delta Electronics (Thailand) Public Company, Vertiv Holdings, 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 Saudi Cable Company stock attractive at the current price?
The data as of Oct 1, 2026: price 180.10 SAR, calculated fair value 480.84 SAR (+167%), Quality Score 56/100, from 5 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 2110 calculated?
We run Saudi Cable Company through 5 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 480.84 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 14.7 % above its aggregate fair value. Saudi Cable Company currently trades 63 % 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 Saudi Cable Company (2110)?
The closing price on Oct 1, 2026 was 180.10 SAR. Our model-based fair value is 480.84 SAR, about +167% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Saudi Cable Company right now?
The price is below even our cautious bear case (336.59 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. Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (336.59 SAR to 625.10 SAR) leaves room in how you read the outcome.
Key figures of Saudi Cable Company
How large is the market capitalisation of Saudi Cable Company (2110)?
The market capitalisation of Saudi Cable Company is 1.2B SAR (≈ $320M). 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 Saudi Cable Company (2110)?
The price-to-sales ratio of Saudi Cable Company is 9.54 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Saudi Cable Company (2110)?
Earnings per share at Saudi Cable Company are 24.45 SAR (price ÷ EPS = P/E 7.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Saudi Cable Company (2110)?
The net margin of Saudi Cable Company is 129% (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 Saudi Cable Company (2110)?
The return on equity (ROE) of Saudi Cable Company is −343% (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 Saudi Cable Company (2110)?
On an EBIT basis the return on assets of Saudi Cable Company is −15.0% (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 Saudi Cable Company (2110)?
The operating margin of Saudi Cable Company is −130% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Saudi Cable Company (2110)?
Revenue at Saudi Cable Company is growing −13.8% versus a year earlier (3y avg +28.8%). 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 Saudi Cable Company (2110)?
Earnings per share at Saudi Cable Company are growing −86.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Saudi Cable Company (2110) generate?
The free cash flow of Saudi Cable Company is −99.2M 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 Saudi Cable Company (2110) carry?
The net debt of Saudi Cable Company is 69.1M 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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