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Ayyan Investment Company (2140) Fair Value & Analysis

Consumer Defensive · SA · Market cap 938M SAR

AI Ayyan Investment Company 2140 · SR
Price9.31 SAR
Fair Value18.62 SAR
Upside+100.0%
Quality42/100
Weak Growth
Thin margins · 0.0% net margin
Low debt · negative free cash flow
Mixed vs. peers (5/10)
Moderate moat 51/100
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Evidence: Medium Range 13.96 SAR – 74.48 SAR Share as image

Fair value as of: Aug 4, 2026

From 10 valuation models · updated today

Share price −16.4% over the past month.

Below-average quality, screening 100% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (42/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (13.96 SAR). The market is more pessimistic than our downside scenario.
  • The model range is unusually wide (13.96 SAR to 74.48 SAR). The outcome hinges heavily on assumptions, so read the point estimate with caution.
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Price vs Fair Value (5 years)

26.10 SAR 8.94 SAR Fair Value 18.62 SAR Apr 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 8.94 SAR – 26.10 SAR · fair‑value band 13.96 SAR – 74.48 SAR · the 9.31 SAR price screens below the 18.62 SAR fair value. Dashed = 300-day average. As of Aug 4, 2026.

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Analysis

Ayyan Investment Company (2140) currently trades at 9.31 SAR, while our model-based Fair Value estimate is 18.62 SAR, implying the stock looks roughly 100.0% undervalued today. We read business quality at 42/100 (below-average quality), in the Consumer Defensive 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.

It earns a return on equity of 2.5%. Net debt stands at 35.5M SAR. The stock trades on a trailing P/E of 37.3. Fundamentals as of Aug 4, 2026

Our scenario range runs from 13.96 SAR (bear case) to 74.48 SAR (bull case); at 9.31 SAR, the current price sits below that range. The share trades about 34% below its 52-week high and 3% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -11% fair-value upside, at 100%, 2140 screens cheaper 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-Adj P/E 109.96 SAR 157.08 SAR 204.21 SAR 68
P/E Multiple 53.62 SAR 71.49 SAR 89.36 SAR 63
Residual Income 23.05 SAR 33.34 SAR 303.62 SAR 61
All 10 models by family
DCF Models
Owner Earnings 45.39 SAR 93.76 SAR 183.50 SAR 31
Earnings-Based
Graham-Dodd 24.31 SAR 169.52 SAR 237.89 SAR 54
Lynch FV 84.85 SAR 121.21 SAR 157.58 SAR 50
PEG = 1.0 84.85 SAR 121.21 SAR 157.58 SAR 46
Multiples
P/E Multiple 53.62 SAR 71.49 SAR 89.36 SAR 63
P/S Multiple 0.3700 SAR 0.4900 SAR 0.6200 SAR 58
P/B Multiple 21.29 SAR 28.39 SAR 35.49 SAR 55
Asset-Based
NCAV (Graham) 4.73 SAR 6.34 SAR 9.46 SAR 50
Economic Profit
Residual Income 23.05 SAR 33.34 SAR 303.62 SAR 61
Growth Earnings
Growth-Adj P/E 109.96 SAR 157.08 SAR 204.21 SAR 68

Widest divergence: Growth Earnings (157.08 SAR) versus Asset-Based (6.34 SAR). Highest evidence: Growth-Adj P/E (68).

Key figures & financial health

Revenue (TTM) −96.4M SAR
Revenue growth (YoY) +407%
Return on equity 2.5%
Free cash flow −19.7M SAR FY2025
P/E ratio 37.3
Operating margin 104%
More key figures
EPS (TTM) 0.2500 SAR
EPS growth (YoY) -91.3%
Net debt 35.5M SAR FY2025

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

Quality Score breakdown

Overall quality 42/100

Of which business quality 42 · Market factors (momentum, volatility) 37

Profitability 60
Margins and returns on capital today
Quality Growth 71
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 69
Balance sheet, leverage, solvency risk
Investment 52
Disciplined investing over empire-building
Low Volatility 89
Calm price path (market factor)
Momentum 22
Price trend over the last 3–12 months (market factor)
52W Momentum 4
Distance to the 52-week high (market factor)
Net Issuance 0
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

Ayyan Investment Company, together with its subsidiaries, engages in construction of nonresidential buildings. It operates through Manufacturing and Investment segments. The company constructs schools, hospitals, hotels, and other non-residential buildings.

Full company description

Ayyan Investment Company, together with its subsidiaries, engages in construction of nonresidential buildings. It operates through Manufacturing and Investment segments. The company constructs schools, hospitals, hotels, and other non-residential buildings. It is also involved in production and packaging of dates; and investing in stocks and other securities. The company was formerly known as Al Ahsa Development Company and changed its name to Ayyan Investment Company in July 2020. Ayyan Investment Company was founded in 1993 and is headquartered in Al Khobar, Saudi Arabia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ayyan Investment Company reported revenue of 19.9M SAR in FY2025 versus 270M SAR in FY2021, a compound −47.9%/yr. Reported net income was 360M SAR in FY2025, compounding +202.5%/yr from FY2021.

Growth Quality 6/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
19.9M SAR
Latest YoY
+28.6%
Avg. growth/yr (3Y)
−57.9%
Avg. growth/yr (5Y)
−40.0%
Avg. growth/yr (19Y)
−8.4%
Revenue −47.9%/yr
FY21 270M SAR
FY22 266M SAR
FY23 333M SAR
FY24 15.4M SAR
FY25 19.9M SAR
Net income +202.5%/yr
FY21 4.3M SAR
FY22 −44.6M SAR
FY23 −216M SAR
FY24 −164M SAR
FY25 360M SAR

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Cite: Fair Value Calculator (2026). "Ayyan Investment Company Fair Value". https://www.fairvalue-calculator.com/stock/2140

Peer Group

Packaged Foods · 669 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 41 · Bottom 25%
Fair Value upside +100% · Top 25%
Return on equity (TTM) 2% · Below median
Return on assets 1% · Below median
Net margin (TTM) 0% · Below median
Operating margin (TTM) 104% · Top 25%
Revenue growth 407% · Top 25%

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/E (TTM) 37.3× · Pricier than 75% of peers
P/B 0.26× · Cheaper than 75% of peers

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 100 · sector 25
FUTURE 100 · sector 20
PAST 10 · sector 27
HEALTH 100 · sector 96
DIVIDEND 0 · sector 46

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

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

Similar stocks

10 more Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Aug 4, 2026).

Stock Price Fair Value vs Fair Value
Nestlé India Limited NESTLEIND ₹1,427 ₹362.37 -75%
Uni-President Enterprises Corp 1216 79.00 TWD 68.72 TWD -13%
Britannia Industries Limited BRITANNIA ₹5,413 ₹1,870 -65%
Tata Consumer Products Limited TATACONSUM ₹1,089 ₹327.27 -70%
PT Indofood CBP Sukses Makmur Tbk ICBP 6,650 IDR 15,757 IDR +137%
Samyang Foods Co 003230 1,139,000 KRW 1,010,543 KRW -11%
Patanjali Foods Limited PATANJALI ₹413.80 ₹157.04 -62%
Vietnam Dairy Products Joint Stock Company VNM 58,500 VND 68,259 VND +17%
PT Mayora Indah Tbk, MYOR 1,750 IDR 2,699 IDR +54%
PT Cisarua Mountain Dairy Tbk CMRY 4,490 IDR 4,355 IDR -3%

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Frequently asked questions

Is Ayyan Investment Company (2140) overvalued or undervalued?
As of Aug 4, 2026, our model estimates a fair value of 18.62 SAR versus a price of 9.31 SAR, about +100% (undervalued).
What is the fair value of 2140?
Our model-based fair value for Ayyan Investment Company is 18.62 SAR (as of Aug 4, 2026), built from audited fundamentals. The current price is 9.31 SAR.
What is the quality score of 2140?
Ayyan Investment Company has a Quality Score of 42/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the net profit margin of 2140?
The net profit margin of Ayyan Investment Company is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.

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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