Nama Chemicals Co. (2210) Fair Value & Analysis
Basic Materials · SA · Market cap 441M SAR
Fair value as of: Aug 15, 2026
From 8 valuation models · updated 2 days ago
Below-average quality, and screening another 55% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (10.59 SAR). The favourable scenario is already priced in.
- Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 15, 2026.
How to read this chart
60‑month range 17.00 SAR – 48.90 SAR · fair‑value band 6.35 SAR – 10.59 SAR · the 18.74 SAR price screens above the 8.47 SAR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 15, 2026.
Analysis
Nama Chemicals Co. (2210) currently trades at 18.74 SAR, while our model-based Fair Value estimate is 8.47 SAR, implying the stock looks roughly 54.8% overvalued today. The Quality Score stands at 41/100 (below-average quality), in the Basic Materials 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, Nama Chemicals Co. generated revenue of 236M SAR at a net margin of 33.0%. Revenue declined 53.6% year over year. It earns a return on equity of 32.4%. Net debt stands at 563M SAR. Fundamentals as of Aug 15, 2026
Our scenario range runs from 6.35 SAR (bear case) to 10.59 SAR (bull case); at 18.74 SAR, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 35% below its 52-week high and 1% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -60% fair-value upside, at -55%, 2210 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.
All 8 models by family
Widest divergence: DCF Models (28.72 SAR) versus Earnings-Based (4.14 SAR). Highest evidence: Growth-Adj P/E (68).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 15, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 32 · Market factors (momentum, volatility) 37
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
Nama Chemicals Company, together with its subsidiaries, owns, operates, and manages industrial projects in the petrochemical and chemical sectors in Saudi Arabia, the Gulf countries, Asia, Africa, Europe, and other territories. It operates through Epoxy Resin Products, Chlor Alkali Products, and Others segments.
Full company description
Nama Chemicals Company, together with its subsidiaries, owns, operates, and manages industrial projects in the petrochemical and chemical sectors in Saudi Arabia, the Gulf countries, Asia, Africa, Europe, and other territories. It operates through Epoxy Resin Products, Chlor Alkali Products, and Others segments. The company provides epoxy resins, anhydrous caustic soda, epichlorohydrin, and calcium chloride. Additionally, it engages in real estate operations. The company was founded in 1992 and is based in Jubail, Saudi Arabia.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2020 – FY2024 · reported fiscal years
Nama Chemicals Co. reported revenue of 380M SAR in FY2024 versus 439M SAR in FY2020, a compound −3.5%/yr. Reported net income was 11.7M SAR in FY2024.
2210 screens 55% overvalued. Compare with BASF SE →
Peer Group
Chemicals · 331 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 Chemicals 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.
Similar stocks
10 more Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 15, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| BASF SE BASN | 1,034 MXN | 467.04 MXN | -55% |
| PT Barito Pacific Tbk, BRPT | 1,950 IDR | 1,608 IDR | -18% |
| LG Chem, Ltd 051910 | 275,500 KRW | 587,755 KRW | +113% |
| SRF Limited 503806 | ₹2,609 | ₹749.17 | -71% |
| 542812 542812 | ₹4,709 | ₹791.05 | -83% |
| Navin Fluorine International Limited NAVINFLUOR | ₹8,357 | ₹2,146 | -74% |
| 506285 506285 | ₹4,048 | ₹1,589 | -61% |
| Kansai Nerolac Paints Limited 500165 | ₹209.25 | ₹80.51 | -62% |
| Deepak Nitrite Limited DEEPAKNTR | ₹1,718 | ₹679.17 | -60% |
| KCC Corporation 002380 | 454,000 KRW | 1,763,304 KRW | +288% |
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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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