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Sustained Infrastructure Holding (2190) Fair Value & Analysis

Industrials · SA · Market cap 2.9B SAR

SI Sustained Infrastructure Holding 2190 · SR
Price35.80 SAR
Fair Value24.89 SAR
Upside-30.5%
Quality58/100
Healthy Growth
Thin margins · 5.8% net margin
Moderate debt · generates free cash flow
2.24% dividend yield
Ranks above peers (9/14)
Moderate moat 56/100
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Evidence: Medium Range 18.67 SAR – 31.11 SAR Share as image

Fair value as of: Jul 31, 2026

From 25 valuation models · updated today

Share price +6.1% over the past month.

What matters now

  • The price sits above even our optimistic bull case (31.11 SAR). The favourable scenario is already priced in.
  • Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (12 months)

37.00 SAR 24.15 SAR Fair Value 24.89 SAR May 2025 Jul 2026

12‑month range 24.15 SAR – 37.00 SAR · fair‑value band 18.67 SAR – 31.11 SAR · the 35.80 SAR price screens above the 24.89 SAR fair value. As of Jul 31, 2026.

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Analysis

Sustained Infrastructure Holding (2190) currently trades at 35.80 SAR, while our model-based Fair Value estimate is 24.89 SAR, implying the stock looks roughly 30.5% overvalued today. We read business quality at 58/100 (solid quality), in the Industrials 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: medium).

Over the trailing twelve months, Sustained Infrastructure Holding generated revenue of 1.7B SAR at a net margin of 5.8%. Revenue grew 25.0% year over year. It earns a return on equity of 8.4%. Net debt stands at 379M SAR. Fundamentals as of Jul 31, 2026

Our scenario range runs from 18.67 SAR (bear case) to 31.11 SAR (bull case); at 35.80 SAR, the current price sits above that range. The share trades about 6% below its 52-week high and 43% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 41% fair-value upside, at -30%, 2190 screens richer than that median.

Key figures & financial health

Revenue (TTM) 1.7B SAR
Revenue growth (YoY) +25.0%
Net margin 5.8%
Return on equity 8.4%
Free cash flow 188M SAR FY2025
P/E ratio 29.8
More key figures
Operating margin 32.4%
EPS (TTM) 1.21 SAR
Dividend yield 2.2%
EPS growth (YoY) +5.8%
Net debt 379M SAR FY2025

Figures from reported company fundamentals · as of Jul 31, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100
Profitability 24
Quality Growth 46
Cashflow 66
Fin. Strength 29
Investment 58
Low Volatility 72
Momentum 60
52W Momentum 74
Net Issuance 85

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

Sustained Infrastructure Holding Company, an investment holding company, engages in ports and logistics, and water solutions businesses in the Kingdom of Saudi Arabia and internationally. It operates through Port development operations; Water desalination and distribution; and Logistics parks and support services segments.

Full company description

Sustained Infrastructure Holding Company, an investment holding company, engages in ports and logistics, and water solutions businesses in the Kingdom of Saudi Arabia and internationally. It operates through Port development operations; Water desalination and distribution; and Logistics parks and support services segments. The company develops and manages port terminal operations, maritime services, warehouse services, supply chain solutions, associated development, water desalination, treatment plant and sale of water; logistics park and support services; development and operation of industrial zones, construction and operation of restaurants, catering and entertainment centres, gas stations, auto servicing and maintenance workshops, container terminals, excavation and back filling works. The company also provides management and leasing of self-storage warehouses, general warehouses storing, and property management. In addition, it offers investment and management; and shipping and unloading services. Sustained Infrastructure Holding Company was founded in 1984 and is based 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

Sustained Infrastructure Holding reported revenue of 1.6B SAR in FY2025 versus 985M SAR in FY2021, a compound +13.0%/yr. Reported net income was 96.4M SAR in FY2025, compounding +0.3%/yr from FY2021.

Revenue +13.0%/yr
FY21 985M SAR
FY22 994M SAR
FY23 1.6B SAR
FY24 1.3B SAR
FY25 1.6B SAR
Net income +0.3%/yr
FY21 95.1M SAR
FY22 55.5M SAR
FY23 71.2M SAR
FY24 −742K SAR
FY25 96.4M SAR

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Cite: Fair Value Calculator (2026). "Sustained Infrastructure Holding Fair Value". https://www.fairvalue-calculator.com/stock/2190.SR

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 / 25
FUTURE 100 / 18
PAST 34 / 28
HEALTH 65 / 88
DIVIDEND 45 / 42

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 Marine Shipping stocks, each showing price versus our Fair Value estimate (as of Jul 31, 2026).

Stock Price Fair Value vs Fair Value
Adani Ports and Special Economic Zone Limited ADANIPORTS ₹1,824 ₹644.71 -65%
A.P. Møller - Mærsk A/S MAERSKA kr 15,620 kr 5,990 -62%
COSCO SHIPPING Holdings 601919 ¥15.00 ¥38.31 +155%
Shanghai International Port (Group) Co 600018 ¥5.04 ¥3.75 -26%
HMM Co 011200 18,380 KRW 30,151 KRW +64%
Evergreen Marine Corporation 2603 226.00 TWD 503.27 TWD +123%
SITC International Holdings 1308 HK$31.38 HK$6.44 -79%
Orient Overseas (International) Limited 0316 HK$122.00 HK$35.18 -71%
Ningbo Zhoushan Port Company 601018 ¥3.40 ¥5.20 +53%
Qingdao Port International Co 601298 ¥9.24 ¥13.01 +41%

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Frequently asked questions

Is Sustained Infrastructure Holding (2190) overvalued or undervalued?
As of Jul 31, 2026, our model estimates a fair value of 24.89 SAR versus a price of 35.80 SAR, about −30% (overvalued).
What is the fair value of 2190?
Our model-based fair value for Sustained Infrastructure Holding is 24.89 SAR (as of Jul 31, 2026), built from audited fundamentals. The current price is 35.80 SAR.
What is the quality score of 2190?
Sustained Infrastructure Holding has a Quality Score of 58/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Sustained Infrastructure Holding (2190)?
Sustained Infrastructure Holding reported trailing-twelve-month revenue of about 1.7B SAR (latest available figure, as of Jul 31, 2026).
What is the net profit margin of 2190?
The net profit margin of Sustained Infrastructure Holding is about 5.8%, meaning it keeps roughly 5.8% of revenue as net income. Based on the latest reported figures.
Does Sustained Infrastructure Holding pay a dividend?
Sustained Infrastructure Holding currently shows a dividend yield of about 2.24% relative to its recent price (as of Jul 31, 2026).

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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