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Saudi Advanced Industries Co. (2120) fair value: what the stock is really worth

As of Oct 1, 2026: fair value of Saudi Advanced Industries Co. SAR 14.57, price SAR 14.46, upside +0.8%, quality 47 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? No
  3. Add to watchlist

Industrials · SA · ISIN SA0007879246

SA Thin data Sep 27, 2026

Saudi Advanced Industries Co.

2120 · SR

Low PriorityFair Value upside is limited and quality is weak.

·Fair value 14.57 SAR · Fairly valued (+0.8%)
!Quality 47/100
!Mixed Growth (revenue 5y +50.6 %/yr)
✓Highly profitable · 131.6% net margin (FY2025)
✓Low debt · generates free cash flow
!Mixed vs. peers (6/11)
!Narrow moat 43/100
!Evidence only low, so the estimate is less certain
!Weak on future: 1 out of 100
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

44.84 SAR 8.65 SAR Fair Value 14.57 SAR Jun 2020 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.

How to read this chart

60‑month range 8.65 SAR – 44.84 SAR · fair‑value band 10.92 SAR – 18.21 SAR · the 14.46 SAR price screens below the 14.57 SAR fair value. Dashed = 300-day average. As of Sep 27, 2026.

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Company profile

Saudi Advanced Industries Company, through its subsidiary, operates in the investment and financing sector in the Kingdom of Saudi Arabia.

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Saudi Advanced Industries Company, through its subsidiary, operates in the investment and financing sector in the Kingdom of Saudi Arabia. The company offers the glass industries sector, which includes the manufacture and production of all types of glass; wholesale and retail trade of all types of glass and raw materials for the manufacture of glass and accessories; manufactures, cuts, colors and installs glass, and establishes and manages mining quarries; and this sector includes the production of different forms and types of glass, such as flat glass (used in windows, doors, and buildings), luxury glass (used in furniture and decoration), laminated glass (used in cars), heat-resistant glass, and insulating glass. The company also offers financial investments and services, providing real estate financing activities, financing small and medium enterprises, commercial financing, and consumer financing; industrialization and energy services, including well testing and early production facilities, coiled tubing, stimulation and intervention services, well completion, cementing, drilling solutions, wireline & slickline services, and hydraulic fracturing; food sector, include the import, purchase, and sale of eggs; the purchase and sale of chicks; poultry breeding, feeding, and veterinary care; owns, operates, and manages poultry farms; constructs, installs, and equips poultry houses; establishes and operates poultry feed mills; and manages slaughterhouses for chicken processing and portioning; and markets and distributes its products through retail outlets and authorized distributors; and investments. The company was incorporated in 1988 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.

Stock analysis

Saudi Advanced Industries Co. (2120) currently trades at 14.46 SAR, while our model-based Fair Value estimate is 14.57 SAR, so the stock looks roughly fairly valued today (gap 0.8%).

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Valuation

How firm this estimate is: it rests on 4 models at a data quality of 95/100, which puts the evidence level at low.

Scenario range: 10.92 SAR (bear) to 18.21 SAR (bull), the price of 14.46 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 47/100 (below-average quality), in the Industrials sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Saudi Advanced Industries Co. reported revenue of −123M SAR in FY2025 versus 101M SAR in FY2021. Reported net income was −163M SAR in FY2025.

Key figures

Market cap 855M SAR (≈ $228M) · EPS (TTM) −2.71 SAR · Dividend yield 6.4% · Return on equity −14.2% · Return on assets (EBIT) 9.3% · Operating margin 71.8% · Revenue (TTM) −123M SAR · Revenue growth (YoY) +0.1%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (medium confidence).

What moves the price

The share trades about 44% below its 52-week high and at its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −16% fair-value upside, at 1%, 2120 screens cheaper than that median.

Fair Value models

Bear 10.92 SAR Fair Value 14.57 SAR Bull 18.21 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. 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.
Highest evidence
P/B Multiple 10.92 SAR 14.57 SAR 18.21 SAR 55
NCAV (Graham) 8.57 SAR 11.48 SAR 17.14 SAR 54
All 2 models by family
Multiples
P/B Multiple 10.92 SAR 14.57 SAR 18.21 SAR 55
Asset-Based
NCAV (Graham) 8.57 SAR 11.48 SAR 17.14 SAR 54

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Quality Score breakdown

Overall quality 47/100

Of which business quality 47 · Market factors (momentum, volatility) 34

Profitability 20
Margins and returns on capital today
Quality Growth 10
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 76
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 87
Calm price path (market factor)
Momentum 18
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 83
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 53/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+90.1%
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.
+50.0%
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.
+50.6%
Revenue growth 18 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.
+31.8%
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.
85.2% (2018) → 92.2% (2024)
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
not computed

Growth Forecast

Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+5.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Saudi Arabia: IMF forecast 2.1% a year to 2030, 1.7% from 2016 to 2025) that is about +3.1% a year for the price.

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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.Conglomerates · 372 stocks

Beats the industry median on 6/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 48 · Below median
Fair Value upside +0.8% · Below median
Profitability
Return on assets −6.8% · Bottom 25%
Net margin (TTM) 131.6% · Top 25%
Operating margin (TTM) 71.8% · Top 25%
Growth and dividend
Revenue growth 0.1% · Below median
Dividend yield (TTM) 6.4% · Top 25%
Balance sheet
Debt / equity 0.01× · Lowest 25%

Valuation Multiplesvs Conglomerates median · lower = cheaper

P/B 0.23× · Cheapest 25%
P/FCF 7.6× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)34 · sector 36
FUTURE (revenue growth)1 · sector 23
PAST (return on equity)0 · sector 20
HEALTH (low debt)100 · sector 89
DIVIDEND (yield)100 · sector 43

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

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Saudi Advanced Industries Co. · Fair Value
14.57 SAR +1%Fair Value
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Cite: Fair Value Calculator (2026). "Saudi Advanced Industries Co. Fair Value". https://www.fairvalue-calculator.com/stock/2120

Frequently asked questions

Is Saudi Advanced Industries Co. (2120) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of 14.57 SAR versus a price of 14.46 SAR, about +1% upside (fairly valued).
What is the fair value of 2120?
Our model-based fair value for Saudi Advanced Industries Co. is 14.57 SAR (as of Sep 27, 2026), built from audited fundamentals. The current price: 14.46 SAR.
What is the quality score of 2120?
Saudi Advanced Industries Co. has a Quality Score of 47/100. 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 Advanced Industries Co. (2120)?
Our model-based price target is the fair value of 14.57 SAR (as of Sep 27, 2026) from 2 valuation models. Cautious scenario 10.92 SAR, optimistic scenario 18.21 SAR. It is a calculation from audited fundamentals, not an analyst target.
What is the Saudi Advanced Industries Co. stock forecast for 2026?
Our models put fair value at 14.57 SAR, about +1% upside versus a price of 14.46 SAR (fairly valued). Cautious scenario 10.92 SAR, optimistic scenario 18.21 SAR. The calculation is refreshed regularly with new filings.
Does Saudi Advanced Industries Co. pay a dividend?
Saudi Advanced Industries Co. currently shows a dividend yield of about 6.41% relative to its recent price (as of Sep 27, 2026).
What growth is priced into Saudi Advanced Industries Co. (2120)?
For today's price to be fair in a discounted-cash-flow model, Saudi Advanced Industries Co. would have to grow free cash flow by +5.2 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +50.6 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of 2120 use?
Our models discount Saudi Advanced Industries Co. at 11.8 %: a base by market capitalisation (micro), damped by beta 0.37, country premium for Saudi Arabia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Saudi Advanced Industries Co. that is +5.2 % per year a year over ten years, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Saudi Advanced Industries Co. (2120) delivered so far?
Over the past 5 years revenue at Saudi Advanced Industries Co. grew +50.6 % a year. The price currently implies +5.2 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Saudi Advanced Industries Co. (2120) growing?
The median revenue growth in the sector is +5.7 % a year. That is the yardstick for the growth priced into Saudi Advanced Industries Co. (+5.2 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Saudi Advanced Industries Co. (2120)?
The free-cash-flow yield on the price is 3.49 %: that much free cash flow Saudi Advanced Industries Co. produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Saudi Advanced Industries Co. (2120)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Saudi Advanced Industries Co. it is 14.57 SAR per share (as of Sep 27, 2026), against a price of 14.46 SAR. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Saudi Advanced Industries Co. stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 2120 trades below its calculated fair value: price 14.46 SAR, fair value 14.57 SAR, a gap of about +1% (fairly valued). 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 2120?
No. The price is what the market pays today (14.46 SAR); the fair value is what the company's own numbers justify (14.57 SAR). For Saudi Advanced Industries Co. the two are 0.1100 SAR per share apart. That gap is exactly why we show both numbers side by side.
How much is Saudi Advanced Industries Co. worth?
The market values Saudi Advanced Industries Co. at about 855M SAR (market capitalisation, as of Sep 27, 2026). Per share that is 14.46 SAR; our models calculate a fair value of 14.57 SAR per share.
What do the bullish and bearish scenarios say about 2120?
Our models span a range for Saudi Advanced Industries Co.: cautious scenario 10.92 SAR, base 14.57 SAR, optimistic 18.21 SAR per share (as of Sep 27, 2026, price 14.46 SAR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Saudi Advanced Industries Co. (2120)?
Balance-sheet figures for Saudi Advanced Industries Co. (as of Sep 27, 2026): return on equity −14.2%, debt of 0.01 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is 2120 from its 52-week high?
Saudi Advanced Industries Co. trades at 14.46 SAR, about 44% below its 52-week high of 25.88 SAR and at the low of 14.40 SAR (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of 14.57 SAR is for.
Which stocks are comparable to Saudi Advanced Industries Co.?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, CITIC Limited, Swire Pacific 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 Saudi Advanced Industries Co. stock attractive at the current price?
The data as of Sep 27, 2026: price 14.46 SAR, calculated fair value 14.57 SAR (+1%), Quality Score 47/100, from 2 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 2120 calculated?
We run Saudi Advanced Industries Co. through 2 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 14.57 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 Advanced Industries Co. currently trades 1 % 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 Advanced Industries Co. (2120)?
The closing price on Oct 1, 2026 was 14.46 SAR. Our model-based fair value is 14.57 SAR, about +1% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Saudi Advanced Industries Co. right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Where does the earnings growth of Saudi Advanced Industries Co. (2120) come from?
Earnings per share at Saudi Advanced Industries Co. grew +33.3 % a year from 2013 to 2024. Broken into its drivers: revenue per share +33.0 %, EBIT margin −3.3 %, tax rate +0.1 %, residual (interest, one-offs) +3.5 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.

Key figures of Saudi Advanced Industries Co.

How large is the market capitalisation of Saudi Advanced Industries Co. (2120)?
The market capitalisation of Saudi Advanced Industries Co. is 855M SAR (≈ $228M). 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 are the earnings per share of Saudi Advanced Industries Co. (2120)?
Earnings per share at Saudi Advanced Industries Co. are −2.71 SAR. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Saudi Advanced Industries Co. (2120)?
The dividend yield of Saudi Advanced Industries Co. is 6.4%. 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 return on equity of Saudi Advanced Industries Co. (2120)?
The return on equity (ROE) of Saudi Advanced Industries Co. is −14.2% (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 Advanced Industries Co. (2120)?
On an EBIT basis the return on assets of Saudi Advanced Industries Co. is 9.3% (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 Advanced Industries Co. (2120)?
The operating margin of Saudi Advanced Industries Co. is 71.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How much revenue does Saudi Advanced Industries Co. (2120) generate?
Saudi Advanced Industries Co. generates revenue of −123M SAR (last twelve months). Revenue of the last twelve months (TTM), the most recent full year, not the calendar year.
How fast is revenue growing at Saudi Advanced Industries Co. (2120)?
Revenue at Saudi Advanced Industries Co. is growing +0.1% versus a year earlier. 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 Advanced Industries Co. (2120)?
Earnings per share at Saudi Advanced Industries Co. are growing +41.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Saudi Advanced Industries Co. (2120) carry?
The net debt of Saudi Advanced Industries Co. is 123M SAR (fiscal year 2025, ≈ 4.1 yrs of FCF). 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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