Modern Mills for Food Products Co. (2284) fair value: what the stock is really worth
We calculate from audited financials what Modern Mills for Food Products Co. is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.
How to read this chart
30‑month range 23.81 SAR – 57.51 SAR · fair‑value band 18.85 SAR – 55.10 SAR · the 27.52 SAR price screens below the 38.48 SAR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 13, 2026.
Modern Mills Company, together with its subsidiaries, engages in the manufacture and sale of flour, feed, and bran products in the Kingdom of Saudi Arabia. The company offers flour under the QAMHATI, Modern Mills, and QOOT & ROOT brands. It also provides livestock, poultry, and bran animal feeds under the Premier brand.
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Modern Mills Company, together with its subsidiaries, engages in the manufacture and sale of flour, feed, and bran products in the Kingdom of Saudi Arabia. The company offers flour under the QAMHATI, Modern Mills, and QOOT & ROOT brands. It also provides livestock, poultry, and bran animal feeds under the Premier brand. In addition, the company engages in wholesale and retail of flour. Modern Mills Company was founded in 1982 and is based in Jeddah, the Kingdom of Saudi Arabia.
Stock analysis
Modern Mills for Food Products Co. (2284) currently trades at 27.52 SAR, while our model-based Fair Value estimate is 38.48 SAR, implying the stock looks roughly 28.5% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 50.33 SAR per share, and 15 of the 26 models we run sit above the 27.52 SAR price.
Bear case: the Economic Profit group reads lowest at 18.43 SAR, and 11 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: 18.85 SAR (bear) to 55.10 SAR (bull), the price of 27.52 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 62/100 (solid quality), in the Consumer Defensive sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Modern Mills for Food Products Co. reported revenue of 1.0B SAR in FY2025 versus 555M SAR in FY2021, a compound +17.2%/yr. Reported net income was 224M SAR in FY2025, compounding +29.5%/yr from FY2021.
Key figures
Market cap 2.2B SAR (≈ $594M) · P/E ratio 10.0 · P/S ratio 2.13 · EPS (TTM) 2.76 SAR · Dividend yield 7.3% · Net margin 21.4% · Return on equity 70.5% · Return on assets (EBIT) 18.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 20% below its 52-week high and 15% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −8% fair-value upside, at 40%, 2284 screens cheaper than that median.
Fair Value models
Bear 18.85 SARFair Value 38.48 SARBull 55.10 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 8 months old). Earnings retained since then (0.5351 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.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.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+4.6%
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.
+2.3%
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.
+19.2%
Revenue growth 6 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.
+15.1%
’19
’20
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’22
’23
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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.
+35.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+28.3%
Dividend (yield on the price)7.3%
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% → 25%
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+16.2%
Yearly growth needed for the next five years to justify today's price.
Compare Modern Mills for Food Products Co. with another stock
Price, fair value, quality and upside side by side.
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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 · 647 stocks
Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score62 · Top 25%
Fair Value upside+38% · Top 25%
Profitability
Return on equity (TTM)70% · Top 25%
Return on assets13% · Top 25%
Net margin (TTM)21% · Top 25%
Operating margin (TTM)27% · Top 25%
Growth and dividend
Revenue growth6% · Above median
Dividend yield (TTM)7.3% · Top 25%
Balance sheet
Debt / equity1.55× · 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). "Modern Mills for Food Products Co. Fair Value". https://www.fairvalue-calculator.com/stock/2284
Frequently asked questions
Is Modern Mills for Food Products Co. (2284) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of 38.48 SAR versus a price of 27.52 SAR, about +40% upside (undervalued).
What is the fair value of 2284?
Our model-based fair value for Modern Mills for Food Products Co. is 38.48 SAR (as of Sep 13, 2026), built from audited fundamentals. The current price: 27.52 SAR.
What is the quality score of 2284?
Modern Mills for Food Products Co. has a Quality Score of 62/100. 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 Modern Mills for Food Products Co. (2284)?
Our model-based price target is the fair value of 38.48 SAR (as of Sep 13, 2026) from 26 valuation models. Cautious scenario 18.85 SAR, optimistic scenario 55.10 SAR. It is a calculation from audited fundamentals, not an analyst target.
What is the Modern Mills for Food Products Co. stock forecast for 2026?
Our models put fair value at 38.48 SAR, about +40% upside versus a price of 27.52 SAR (undervalued). Cautious scenario 18.85 SAR, optimistic scenario 55.10 SAR. The calculation is refreshed regularly with new filings.
What is the revenue of Modern Mills for Food Products Co. (2284)?
Modern Mills for Food Products Co. reported trailing-twelve-month revenue of about 1.1B SAR (latest available figure, as of Sep 13, 2026).
Does Modern Mills for Food Products Co. pay a dividend?
Modern Mills for Food Products Co. currently shows a dividend yield of about 7.27% relative to its recent price (as of Sep 13, 2026).
What growth is priced into Modern Mills for Food Products Co. (2284)?
For today's price to be fair in a discounted-cash-flow model, Modern Mills for Food Products Co. would have to grow free cash flow by +16.2 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +19.2 % per year. As of Sep 13, 2026.
What discount rate (WACC) does the fair value of 2284 use?
Our models discount Modern Mills for Food Products Co. at 11.8 %: a base by market capitalisation (small), country premium for Saudi Arabia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Modern Mills for Food Products Co. that is +16.2 % per year a year over ten years, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Modern Mills for Food Products Co. (2284) delivered so far?
Over the past 5 years revenue at Modern Mills for Food Products Co. grew +19.2 % a year. The price currently implies +16.2 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Modern Mills for Food Products Co. (2284) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into Modern Mills for Food Products Co. (+16.2 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Modern Mills for Food Products Co. (2284)?
The free-cash-flow yield on the price is 5.63 %: that much free cash flow Modern Mills for Food Products Co. produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Modern Mills for Food Products Co. (2284)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Modern Mills for Food Products Co. it is 38.48 SAR per share (as of Sep 13, 2026), against a price of 27.52 SAR. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Modern Mills for Food Products Co. stock overvalued or undervalued in 2026?
As of Sep 13, 2026, 2284 trades below its calculated fair value: price 27.52 SAR, fair value 38.48 SAR, a gap of about +40% (undervalued). 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 2284?
No. The price is what the market pays today (27.52 SAR); the fair value is what the company's own numbers justify (38.48 SAR). For Modern Mills for Food Products Co. the two are 10.96 SAR per share apart. That gap is exactly why we show both numbers side by side.
How much is Modern Mills for Food Products Co. worth?
The market values Modern Mills for Food Products Co. at about 2.2B SAR (market capitalisation, as of Sep 13, 2026). Per share that is 27.52 SAR; our models calculate a fair value of 38.48 SAR per share.
What do the bullish and bearish scenarios say about 2284?
Our models span a range for Modern Mills for Food Products Co.: cautious scenario 18.85 SAR, base 38.48 SAR, optimistic 55.10 SAR per share (as of Sep 13, 2026, price 27.52 SAR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2284?
Modern Mills for Food Products Co. trades at a price-to-earnings ratio of 10.0 (as of Sep 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 38.48 SAR is built from several models across several years. Other multiples: P/B 1.9, P/S 0.6, EV/EBITDA 3.4.
How solid is the balance sheet of Modern Mills for Food Products Co. (2284)?
Balance-sheet figures for Modern Mills for Food Products Co. (as of Sep 13, 2026): return on equity 70.5%, debt of 1.55 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is 2284 from its 52-week high?
Modern Mills for Food Products Co. trades at 27.52 SAR, about 20% below its 52-week high of 34.42 SAR and 15% above the low of 23.99 SAR (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of 38.48 SAR is for.
Which stocks are comparable to Modern Mills for Food Products Co.?
From the same area (Consumer Defensive) we also value Nestlé S.A, Danone S.A, Nestlé India Limited, 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 Modern Mills for Food Products Co. stock attractive at the current price?
The data as of Sep 13, 2026: price 27.52 SAR, calculated fair value 38.48 SAR (+40%), Quality Score 62/100, from 26 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 2284 calculated?
We run Modern Mills for Food Products Co. through 26 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 38.48 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 15.8 % above its aggregate fair value. Modern Mills for Food Products Co. currently trades 40 % 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 should I pay attention to with Modern Mills for Food Products Co. right now?
The model range is unusually wide (18.85 SAR to 55.10 SAR). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (62/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Modern Mills for Food Products Co.
How large is the market capitalisation of Modern Mills for Food Products Co. (2284)?
The market capitalisation of Modern Mills for Food Products Co. is 2.2B SAR (≈ $594M). 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 Modern Mills for Food Products Co. (2284)?
The price-to-sales ratio of Modern Mills for Food Products Co. is 2.13 (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 Modern Mills for Food Products Co. (2284)?
Earnings per share at Modern Mills for Food Products Co. are 2.76 SAR (price ÷ EPS = P/E 10.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Modern Mills for Food Products Co. (2284)?
The dividend yield of Modern Mills for Food Products Co. is 7.3% (payout 72.5%). 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 Modern Mills for Food Products Co. (2284)?
The net margin of Modern Mills for Food Products Co. is 21.4% (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 Modern Mills for Food Products Co. (2284)?
The return on equity (ROE) of Modern Mills for Food Products Co. is 70.5% (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 Modern Mills for Food Products Co. (2284)?
On an EBIT basis the return on assets of Modern Mills for Food Products Co. is 18.6% (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 Modern Mills for Food Products Co. (2284)?
The operating margin of Modern Mills for Food Products Co. is 27.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Modern Mills for Food Products Co. (2284)?
Revenue at Modern Mills for Food Products Co. is growing +6.4% versus a year earlier (3y avg +2.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does Modern Mills for Food Products Co. (2284) carry?
The net debt of Modern Mills for Food Products Co. is 739M SAR (fiscal year 2025, ≈ 5.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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