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Nama Chemicals Company (2210) Fair Value & Analysis

Basic Materials · SA · Market cap 441M SAR

NC Nama Chemicals Company 2210 · SR
Price18.74 SAR
Fair Value8.47 SAR
Upside-54.8%
Quality40/100
Weak Growth
Highly profitable · 33.0% net margin
Low debt · negative free cash flow
Mixed vs. peers (5/11)
Moderate moat 50/100
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Evidence: Medium Range 6.35 SAR – 10.59 SAR Share as image

Fair value as of: Jul 31, 2026

From 8 valuation models · updated today

What matters now

  • The price sits above even our optimistic bull case (10.59 SAR). The favourable scenario is already priced in.
  • Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts.

Price vs Fair Value (12 months)

27.40 SAR 18.74 SAR Fair Value 8.47 SAR Aug 2025 Jul 2026

12‑month range 18.74 SAR – 27.40 SAR · fair‑value band 6.35 SAR – 10.59 SAR · the 18.74 SAR price screens above the 8.47 SAR fair value. As of Jul 31, 2026.

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Analysis

Nama Chemicals Company (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. We read business quality at 40/100 (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 Company 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 Jul 31, 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. 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 -46% fair-value upside, at -55%, 2210 screens richer than that median.

Key figures & financial health

Revenue (TTM) 236M SAR
Revenue growth (YoY) -53.6%
Net margin 33.0%
Return on equity 32.4%
Free cash flow −46.5M SAR FY2024
P/E ratio 5.6
More key figures
Operating margin -129%
EPS (TTM) 3.32 SAR
EPS growth (YoY) +180%
Net debt 563M SAR FY2024

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

Quality Score breakdown

Overall quality 40/100
Profitability 19
Quality Growth 40
Cashflow 0
Fin. Strength 6
Investment 98
Low Volatility 88
Momentum 22
52W Momentum 2
Net Issuance 82

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 Company 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.

Revenue −3.5%/yr
FY20 439M SAR
FY21 554M SAR
FY22 577M SAR
FY23 445M SAR
FY24 380M SAR
Net income
FY20 −45.2M SAR
FY21 27.7M SAR
FY22 37.0M SAR
FY23 −152M SAR
FY24 11.7M SAR

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Cite: Fair Value Calculator (2026). "Nama Chemicals Company Fair Value". https://www.fairvalue-calculator.com/stock/2210

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 / 0
FUTURE 0 / 24
PAST 100 / 19
HEALTH 93 / 93
DIVIDEND 0 / 26

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

Stock Price Fair Value vs Fair Value
Linde plc LIN €425.60 €106.89 -75%
BASF SE BASN 1,034 MXN 559.88 MXN -46%
Saudi Basic Industries Corporation 2010 49.60 SAR 18.13 SAR -63%
Ningxia Baofeng Energy Group 600989 ¥22.46 ¥37.07 +65%
Dow Inc D1OW34 R$43.91 R$31.57 -28%
Zhejiang Juhua Co 600160 ¥40.39 ¥19.73 -51%
Rongsheng Petrochemical Co 002493 ¥12.04 ¥3.01 -75%
PT Barito Pacific Tbk, BRPT 1,385 IDR 1,614 IDR +17%
Formosa Chemicals & Fibre Corporation 1326 53.10 TWD 23.70 TWD -55%
PTT Global Chemical Public Company PTTGC 33.00 THB 94.51 THB +186%

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Frequently asked questions

Is Nama Chemicals Company (2210) overvalued or undervalued?
As of Jul 31, 2026, our model estimates a fair value of 8.47 SAR versus a price of 18.74 SAR, about −55% (overvalued).
What is the fair value of 2210?
Our model-based fair value for Nama Chemicals Company is 8.47 SAR (as of Jul 31, 2026), built from audited fundamentals. The current price is 18.74 SAR.
What is the quality score of 2210?
Nama Chemicals Company has a Quality Score of 40/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Nama Chemicals Company (2210)?
Nama Chemicals Company reported trailing-twelve-month revenue of about 236M SAR (latest available figure, as of Jul 31, 2026).
What is the net profit margin of 2210?
The net profit margin of Nama Chemicals Company is about 33.0%, meaning it keeps roughly 33.0% 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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