Almarai Company (2280) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Almarai Company SAR 44.12, price SAR 42.00, upside +5.0%, quality 49 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Almarai Company for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range 38.82 SAR – 66.02 SAR · fair‑value band 19.14 SAR – 69.93 SAR · the 42.00 SAR price screens below the 44.12 SAR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
Follow Almarai in your weekly email
Every Wednesday you see whether Almarai is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Almarai Company operates as an integrated consumer food and beverage company in Saudi Arabia, other Gulf Cooperation Council countries, and internationally. The company operates through Dairy and Juice, Bakery, Poultry, and Other Activities segments.
Show more
Almarai Company operates as an integrated consumer food and beverage company in Saudi Arabia, other Gulf Cooperation Council countries, and internationally. The company operates through Dairy and Juice, Bakery, Poultry, and Other Activities segments. It offers drinking yogurt, milk coffee, protein milk, flavored milk, fresh milk, evaporated milk, and milk powders; yoghurts and desserts; cheese, honey, sweet condensed milk, butter, olive oil, butter ghee, cooking and whipping cream, and creams; dips including fresh natural cream, labneh, and hummus; ice cream; bakery and poultry products; fresh juices; beverages comprising iced coffee and tea, and refreshing drinks; infant and medical nutrition products; dates; and seafood products. It provides its products under the Almarai, L'usine, 7Days, ALYOUM, Nuralac, Evolac, SureGrow Junior, SureNutri, Farm's Select, Ice leaf, Almira, Seama, Beyti, Teeba, AlBashayer, brands. The company also owns and operates arable farms; and provides horticulture services. Almarai Company was founded in 1977 and is headquartered in Riyadh, Saudi Arabia.
Stock analysis
Almarai Company (2280) currently trades at 42.00 SAR, while our model-based Fair Value estimate is 44.12 SAR, so the stock looks roughly fairly valued today (gap 4.8%).
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of 47.21 SAR per share, and 5 of the 22 models we run sit above the 42.00 SAR price.
Bear case: the Economic Profit group reads lowest at 10.37 SAR, and 17 of the 22 models stay below the price. Evidence for this calculation is medium.
Scenario range: 19.14 SAR (bear) to 69.93 SAR (bull), the price of 42.00 SAR sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 49/100 (below-average quality), in the Consumer Defensive sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Almarai Company reported revenue of 22.1B SAR in FY2025 versus 15.8B SAR in FY2021, a compound +8.6%/yr. Reported net income was 2.5B SAR in FY2025, compounding +12.0%/yr from FY2021.
Key figures
Market cap 42.0B SAR (≈ $11.2B) · P/E ratio 17.1 · P/S ratio 1.91 · EPS (TTM) 2.45 SAR · Dividend yield 2.7% · Net margin 11.1% · Return on equity 12.2% · Return on assets (EBIT) 6.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 16% below its 52-week high and 8% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at 3% fair-value upside, at 5%, 2280 screens cheaper than that median.
Fair Value models
Bear 19.14 SARFair Value 44.12 SARBull 69.93 SAR
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.9723 SAR per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.59/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+5.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.5%
Start year 2020 (pandemic)
Revenue growth 9 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.6%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+8.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.2%
Dividend (yield on the price)2.7%
Per share before 2016divided by the spin-off factor 1.33
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.6.2% vs 5.4%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.16% → 9%
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer Groupⓘ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.Packaged Foods · 641 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score49 · Below median
Fair Value upside+1.4% · Above median
Profitability
Return on equity (TTM)12.2% · Above median
Return on assets4.8% · Above median
Net margin (TTM)10.6% · Top 25%
Operating margin (TTM)13.9% · Top 25%
Growth and dividend
Revenue growth11.0% · Above median
Dividend yield (TTM)2.7% · Below median
Balance sheet
Debt / equity0.53× · Highest 25%
Valuation Multiplesvs Packaged Foods median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Almarai Company Fair Value". https://www.fairvalue-calculator.com/stock/2280
Frequently asked questions
Is Almarai Company (2280) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of 44.12 SAR versus a price of 42.00 SAR, about +5% upside (fairly valued).
What is the fair value of 2280?
Our model-based fair value for Almarai Company is 44.12 SAR (as of Sep 27, 2026), built from audited fundamentals. The current price: 42.00 SAR.
What is the quality score of 2280?
Almarai Company has a Quality Score of 49/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Almarai Company (2280)?
Our model-based price target is the fair value of 44.12 SAR (as of Sep 27, 2026) from 24 valuation models. Cautious scenario 19.14 SAR, optimistic scenario 69.93 SAR. It is a calculation from audited fundamentals, not an analyst target.
What is the Almarai Company stock forecast for 2026?
Our models put fair value at 44.12 SAR, about +5% upside versus a price of 42.00 SAR (fairly valued). Cautious scenario 19.14 SAR, optimistic scenario 69.93 SAR. The calculation is refreshed regularly with new filings.
What is the revenue of Almarai Company (2280)?
Almarai Company reported trailing-twelve-month revenue of about 23.0B SAR (latest available figure, as of Sep 27, 2026).
Does Almarai Company pay a dividend?
Almarai Company currently shows a dividend yield of about 2.74% relative to its recent price (as of Sep 27, 2026).
What is the intrinsic value of Almarai Company (2280)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Almarai Company it is 44.12 SAR per share (as of Sep 27, 2026), against a price of 42.00 SAR. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Almarai Company stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 2280 trades below its calculated fair value: price 42.00 SAR, fair value 44.12 SAR, a gap of about +5% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 2280?
No. The price is what the market pays today (42.00 SAR); the fair value is what the company's own numbers justify (44.12 SAR). For Almarai Company the two are 2.12 SAR per share apart. That gap is exactly why we show both numbers side by side.
How much is Almarai Company worth?
The market values Almarai Company at about 42.0B SAR (market capitalisation, as of Sep 27, 2026). Per share that is 42.00 SAR; our models calculate a fair value of 44.12 SAR per share.
What do the bullish and bearish scenarios say about 2280?
Our models span a range for Almarai Company: cautious scenario 19.14 SAR, base 44.12 SAR, optimistic 69.93 SAR per share (as of Sep 27, 2026, price 42.00 SAR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2280?
Almarai Company trades at a price-to-earnings ratio of 17.1 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 44.12 SAR is built from several models across several years. Other multiples: P/B 2.1, P/S 1.9, EV/EBITDA 9.9.
How solid is the balance sheet of Almarai Company (2280)?
Balance-sheet figures for Almarai Company (as of Sep 27, 2026): return on equity 12.2%, debt of 0.53 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is 2280 from its 52-week high?
Almarai Company trades at 42.00 SAR, about 16% below its 52-week high of 49.90 SAR and 8% above the low of 38.82 SAR (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of 44.12 SAR is for.
Which stocks are comparable to Almarai Company?
From the same area (Consumer Defensive) we also value Nestlé S.A, Danone S.A, Foshan Haitian Flavouring and Food Company, The Kraft Heinz Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Almarai Company stock attractive at the current price?
The data as of Sep 27, 2026: price 42.00 SAR, calculated fair value 44.12 SAR (+5%), Quality Score 49/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 2280 calculated?
We run Almarai Company through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 44.12 SAR, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.7 % above its aggregate fair value. Almarai Company currently trades 5 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Almarai Company (2280)?
The closing price on Oct 1, 2026 was 42.00 SAR. Our model-based fair value is 44.12 SAR, about +5% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Almarai Company right now?
The model range is unusually wide (19.14 SAR to 69.93 SAR). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension.
Where does the earnings growth of Almarai Company (2280) come from?
Earnings per share at Almarai Company grew +2.0 % a year from 2014 to 2025. Broken into its drivers: revenue per share +4.8 %, EBIT margin −3.1 %, tax rate −0.2 %, residual (interest, one-offs) +0.7 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Almarai Company
How large is the market capitalisation of Almarai Company (2280)?
The market capitalisation of Almarai Company is 42.0B SAR (≈ $11.2B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Almarai Company (2280)?
The price-to-sales ratio of Almarai Company is 1.91 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Almarai Company (2280)?
Earnings per share at Almarai Company are 2.45 SAR (price ÷ EPS = P/E 17.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Almarai Company (2280)?
The dividend yield of Almarai Company is 2.7% (payout 46.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Almarai Company (2280)?
The net margin of Almarai Company is 11.1% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Almarai Company (2280)?
The return on equity (ROE) of Almarai Company is 12.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Almarai Company (2280)?
On an EBIT basis the return on assets of Almarai Company is 6.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Almarai Company (2280)?
The operating margin of Almarai Company is 13.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Almarai Company (2280)?
Revenue at Almarai Company is growing +11.0% versus a year earlier (3y avg +5.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Almarai Company (2280)?
Earnings per share at Almarai Company are growing −1.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Almarai Company (2280) generate?
The free cash flow of Almarai Company is 36.3M SAR (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Almarai Company (2280) carry?
The net debt of Almarai Company is 12.5B SAR (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Almarai Company in the live analysis
One click puts Almarai Company on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
