Fourth Milling Company (2286) Fair Value & Analysis
Consumer Defensive · SA · Market cap 2.1B SAR
Fair value as of: Jul 31, 2026
From 26 valuation models · updated today
Share price −5.3% over the past month.
What matters now
- The rarer combination: high quality (75/100) AND below fair value. That earns a closer look rather than a quick verdict.
- A fairly wide model range (3.61 SAR to 6.99 SAR) leaves room in how you read the outcome.
Price vs Fair Value (12 months)
12‑month range 3.36 SAR – 4.34 SAR · fair‑value band 3.61 SAR – 6.99 SAR · the 3.94 SAR price screens below the 4.99 SAR fair value. As of Jul 31, 2026.
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Fourth Milling Company (2286) currently trades at 3.94 SAR, while our model-based Fair Value estimate is 4.99 SAR, implying the stock looks roughly 26.6% undervalued today. We read business quality at 75/100 (high quality), in the Consumer Defensive sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, Fourth Milling Company generated revenue of 670M SAR at a net margin of 30.1%. Revenue grew 5.5% year over year. It earns a return on equity of 27.1%. Net debt stands at 313M SAR. Fundamentals as of Jul 31, 2026
Our scenario range runs from 3.61 SAR (bear case) to 6.99 SAR (bull case); at 3.94 SAR, the current price sits within that range. The share trades about 11% below its 52-week high and 18% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 122% fair-value upside, at 27%, 2286 screens richer than that median.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 31, 2026. TTM = trailing twelve months.
Quality Score breakdown
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
Fourth Milling Company engages in the production of flour, feed, bran, and wheat derivatives in the Kingdom of Saudi Arabia and internationally.
Full company description
Fourth Milling Company engages in the production of flour, feed, bran, and wheat derivatives in the Kingdom of Saudi Arabia and internationally. The company packs and mills wheat, maize, barley, flour, meal, and bulgur wheat, as well as rice, dried leguminous vegetables, and edible nuts; oats production; production of flour from rice; manufacture of flour and dough for bakeries, breakfast grain food in flakes, popcorn, starch from corn and potatoes; and corn milling. It also manufactures bread and bread products by automatic bakeries, pies, cakes, biscuits, pastry flakes, frozen bakery products, concentrated fodder, cattle fodder; making of eastern and traditional desserts, and second plant products as animal feed; preparation, milling, and pressing of animal feed; and production of salt lick stones for animal feed. In addition, the company is involved in the manufacturing non-medicinal feed additives, poultry fodder, bird fodder, pet feeds, and freight transport by road; operation of storage facilities for goods; loading and unloading of goods, animal food, and feed stores; and storage in warehouses of grain silos, flour, and agricultural products. Further, it engages in the wholesale of barley, grain, livestock feed for pharmaceutical feed additives, feed and non-medicinal feed additives, bakery products, and food and beverage; retail sale of bakery products and sugar confectionery, and barley; and trade of special and healthy food. The company was founded in 1972 and is based in Dammam, the Kingdom of Saudi Arabia. Gulf Flour Milling Industrial Company operates as a subsidiary of Gulf Flour Milling Industrial Company.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Fourth Milling Company reported revenue of 660M SAR in FY2025 versus 336M SAR in FY2021, a compound +18.4%/yr. Reported net income was 201M SAR in FY2025, compounding +41.5%/yr from FY2021.
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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.
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 Farm Products stocks, each showing price versus our Fair Value estimate (as of Jul 31, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Archer-Daniels-Midland Company ADM | $76.29 | $46.97 | -38% |
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| Wens Foodstuff Group 300498 | ¥13.65 | ¥12.08 | -12% |
| Mowi ASA MOWI | kr 204.00 | kr 112.48 | -45% |
| SalMar ASA SALM | kr 574.50 | kr 57.93 | -90% |
| PT Charoen Pokphand Indonesia Tbk, CPIN | 3,170 IDR | 7,228 IDR | +128% |
| Charoen Pokphand Foods Public Company CPF | 19.20 THB | 57.92 THB | +202% |
| PT Triputra Agro Persada Tbk TAPG | 1,350 IDR | 3,337 IDR | +147% |
| PT FAP Agri Tbk FAPA | 7,375 IDR | 7,463 IDR | +1% |
| Thaifoods Group TFGR | 10.60 THB | 23.53 THB | +122% |
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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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