Filling and Packing Materials Manufacturing Company (2180) Fair Value & Analysis

Consumer Cyclical · SA · Market cap 387M SAR

Below-average quality, and screening another 78% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (10.97 SAR). The favourable scenario is already priced in.
• 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 but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
• A fairly wide model range (5.49 SAR to 10.97 SAR) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 5, 2026.

How to read this chart

60‑month range 24.50 SAR – 76.90 SAR · fair‑value band 5.49 SAR – 10.97 SAR · the 33.48 SAR price screens above the 7.35 SAR fair value. Dashed = 300-day average. As of Aug 5, 2026.

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Analysis

Filling and Packing Materials Manufacturing Company (2180) currently trades at 33.48 SAR, while our model-based Fair Value estimate is 7.35 SAR, implying the stock looks roughly 78.1% overvalued today. We read business quality at 49/100 (below-average quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Over the trailing twelve months, Filling and Packing Materials Manufacturing Company generated revenue of 262M SAR at a net margin of -4.9%. Revenue grew 20.0% year over year. It earns a return on equity of -9.5%. Net debt stands at 64.2M SAR. Fundamentals as of Aug 5, 2026

Our scenario range runs from 5.49 SAR (bear case) to 10.97 SAR (bull case); at 33.48 SAR, the current price sits above that range. The share trades about 10% below its 52-week high and 39% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -11% fair-value upside, at -78%, 2180 screens richer 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.

Key figures & financial health

Quality Score breakdown

About the company

Filling and Packing Materials Manufacturing Company, together with its subsidiaries, produces and sells polypropylene bags in the Kingdom of Saudi Arabia and internationally. It operates in two segments, Packing and Packaging; and Technical Textiles.

Full company description

Filling and Packing Materials Manufacturing Company, together with its subsidiaries, produces and sells polypropylene bags in the Kingdom of Saudi Arabia and internationally. It operates in two segments, Packing and Packaging; and Technical Textiles. The company offers jumbo bags, including baffle, UN, conical, tunnel and four loop, and type-c bags; small PP woven bags; fabric and sacks; polypropylene and polyethylene terephthalate strapping bands; valve bags; cable filler yarns; and container liners. It also engages in weaving textiles from industrial threads; manufacturing plastics; and spinning and preparing plant fibers. In addition, the company is involved in cutting and detailing tents and sails, car and furniture cover, and machinery and goods cover; and bags, flags, banners, umbrellas, and awnings manufacturing. It exports its products. The company was founded in 1991 and is based in Riyadh, the Kingdom of Saudi Arabia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Filling and Packing Materials Manufacturing Company reported revenue of 252M SAR in FY2025 versus 223M SAR in FY2021, a compound +3.1%/yr. Reported net income was −19.1M SAR in FY2025.

2180 screens 78% overvalued. Compare with Stora Enso Oyj →

Peer Group

Packaging & Containers · 282 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.

Valuation Multiples vs Packaging & Containers median · lower = cheaper

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 0: the price sits above our fair-value range.

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.

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Frequently asked questions

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.