Saudi Cable Company (2110) Fair Value & Analysis
Industrials · SA · Market cap 1.1B SAR
Fair value as of: Jul 31, 2026
From 8 valuation models · updated today
Share price −4.6% over the past month.
What matters now
- The price is below even our cautious bear case (476.67 SAR). The market is more pessimistic than our downside scenario.
- Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality.
Price vs Fair Value (12 months)
12‑month range 127.70 SAR – 190.00 SAR · fair‑value band 476.67 SAR – 794.45 SAR · the 160.00 SAR price screens below the 635.56 SAR fair value. As of Jul 31, 2026.
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Saudi Cable Company (2110) currently trades at 160.00 SAR, while our model-based Fair Value estimate is 635.56 SAR, implying the stock looks roughly 297.2% undervalued today. We read business quality at 57/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.
Trailing-twelve-month revenue stands at 134M SAR. Revenue declined 49.5% year over year. Net debt stands at 69.1M SAR. The stock trades on a trailing P/E of 5.9. Fundamentals as of Jul 31, 2026
Our scenario range runs from 476.67 SAR (bear case) to 794.45 SAR (bull case); at 160.00 SAR, the current price sits below that range. The share trades about 16% below its 52-week high and 28% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at 297%, 2110 screens cheaper than that median.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 31, 2026. TTM = trailing twelve months.
Quality Score breakdown
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
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.
Full company description
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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
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.
Is 2110 fairly valued? → Check now
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Jul 31, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Contemporary Amperex Technology Co CYATY | $21.51 | $12.14 | -44% |
| ABB Ltd ABLZF | $110.87 | $35.93 | -68% |
| Delta Electronics (Thailand) Public Company TDED | 12.39 SGD | 1.48 SGD | -88% |
| LG Energy Solution, Ltd 373220 | 414,000 KRW | 57,882 KRW | -86% |
| WEG S.A WEGE3 | 13,210 ARS | 7,316 ARS | -45% |
| Sungrow Power Supply Co 300274 | ¥143.55 | ¥123.83 | -14% |
| Shenzhen Inovance Technology Co 300124 | ¥68.95 | ¥50.24 | -27% |
| HD Hyundai Electric Co 267260 | 1,000,000 KRW | 534,510 KRW | -47% |
| LS ELECTRIC Co 010120 | 227,000 KRW | 33,121 KRW | -85% |
| Sieyuan Electric Co 002028 | ¥175.00 | ¥96.22 | -45% |
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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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