Nofoth Food Products Company (2288) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of Nofoth Food Products Company SAR 9.99, price SAR 6.10, upside +63.8%, quality 68 out of 100. Calculated from audited financials with 26 valuation models and 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 27, 2026.
How to read this chart
45‑month range 3.15 SAR – 13.49 SAR · fair‑value band 6.99 SAR – 12.91 SAR · the 6.10 SAR price screens below the 9.99 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.
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Nofoth Food Products Company produces and sells bakery products in Saudi Arabia.
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Nofoth Food Products Company produces and sells bakery products in Saudi Arabia. It offers maamoul cookies and cakes under the Mamola brand; desserts with creamy fillings under the Qashtiya brand; stuffed vegetables, kibbeh, and Musakhan products under the Anaba brand; fried and baked dates stuffed with various flavors and fillings under the Golden Dates brand; and pastries and stuffed dishes under the Pinkish Bite brand. The company also provides pie, biscuits, folk and oriental sweets, and sugary sweets, including confectionery, caramel, toffee, and nougat; light transportation services; wholesale and export of used oil; and retail sale of nuts, coffee, spices, and perfumes. In addition, the company operates restaurants and dry fruit stores; engages in automated bread production; food service contracting; and handles road transport of refrigerated and frozen goods. Nofoth Food Products Company was founded in 2015 and is headquartered in Riyadh, Saudi Arabia.
Stock analysis
Nofoth Food Products Company (2288) currently trades at 6.10 SAR, while our model-based Fair Value estimate is 9.99 SAR, implying the stock looks roughly 38.9% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 21.29 SAR per share, and 21 of the 24 models we run sit above the 6.10 SAR price.
Bear case: the Asset-Based group reads lowest at 1.31 SAR, and 3 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: 6.99 SAR (bear) to 12.91 SAR (bull), the price of 6.10 SAR sits below 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 68/100 (solid quality), in the Consumer Defensive sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Nofoth Food Products Company reported revenue of 430M SAR in FY2025 versus 184M SAR in FY2021, a compound +23.7%/yr. Reported net income was 56.7M SAR in FY2025, compounding +20.6%/yr from FY2021.
Key figures
Market cap 581M SAR (≈ $155M) · P/E ratio 11.3 · P/S ratio 1.49 · EPS (TTM) 0.5400 SAR · Dividend yield 2.6% · Net margin 13.2% · Return on equity 28.5% · Return on assets (EBIT) 25.9%.
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 50% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at 7% fair-value upside, at 64%, 2288 screens cheaper than that median.
Fair Value models
Bear 6.99 SARFair Value 9.99 SARBull 12.91 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 (0.2853 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.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+17.7%
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.
+16.7%
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.
+54.1%
Start year 2020 (pandemic)
’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.
+31.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+29.0%
Dividend (yield on the price)2.6%
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.8% → 14%
Growth Forecast
Little optimism in the price
The price assumes less growth than 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).
+6.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Saudi Arabia: IMF forecast 2.1% a year to 2030, 1.7% from 2016 to 2025) that is about +4.1% a year for the price.
Compare Nofoth Food Products Company with another stock
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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.Grocery Stores · 73 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score68 · Top 25%
Fair Value upside+63.8% · Top 25%
Profitability
Return on equity (TTM)28.5% · Top 25%
Return on assets11.3% · Top 25%
Net margin (TTM)12.0% · Top 25%
Operating margin (TTM)12.9% · Top 25%
Growth and dividend
Revenue growth−4.3% · Bottom 25%
Dividend yield (TTM)2.6% · Above median
Valuation Multiplesvs Grocery Stores 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). "Nofoth Food Products Company Fair Value". https://www.fairvalue-calculator.com/stock/2288
Frequently asked questions
Is Nofoth Food Products Company (2288) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of 9.99 SAR versus a price of 6.10 SAR, about +64% upside (undervalued).
What is the fair value of 2288?
Our model-based fair value for Nofoth Food Products Company is 9.99 SAR (as of Sep 27, 2026), built from audited fundamentals. The current price: 6.10 SAR.
What is the quality score of 2288?
Nofoth Food Products Company has a Quality Score of 68/100. 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 Nofoth Food Products Company (2288)?
Our model-based price target is the fair value of 9.99 SAR (as of Sep 27, 2026) from 24 valuation models. Cautious scenario 6.99 SAR, optimistic scenario 12.91 SAR. It is a calculation from audited fundamentals, not an analyst target.
What is the Nofoth Food Products Company stock forecast for 2026?
Our models put fair value at 9.99 SAR, about +64% upside versus a price of 6.10 SAR (undervalued). Cautious scenario 6.99 SAR, optimistic scenario 12.91 SAR. The calculation is refreshed regularly with new filings.
What is the revenue of Nofoth Food Products Company (2288)?
Nofoth Food Products Company reported trailing-twelve-month revenue of about 425M SAR (latest available figure, as of Sep 27, 2026).
Does Nofoth Food Products Company pay a dividend?
Nofoth Food Products Company currently shows a dividend yield of about 2.62% relative to its recent price (as of Sep 27, 2026).
What growth is priced into Nofoth Food Products Company (2288)?
For today's price to be fair in a discounted-cash-flow model, Nofoth Food Products Company would have to grow free cash flow by +6.2 % per year for five years (discount rate 13.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +54.1 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of 2288 use?
Our models discount Nofoth Food Products Company at 13.3 %: a base by market capitalisation (micro), 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 Nofoth Food Products Company that is +6.2 % per year a year over ten years, using the same discount rate (13.3 %) and the same formula as our fair value.
How much growth has Nofoth Food Products Company (2288) delivered so far?
Over the past 5 years revenue at Nofoth Food Products Company grew +54.1 % a year. The price currently implies +6.2 % 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 Nofoth Food Products Company (2288) growing?
The median revenue growth in the sector is +4.9 % a year. That is the yardstick for the growth priced into Nofoth Food Products Company (+6.2 % 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 Nofoth Food Products Company (2288)?
The free-cash-flow yield on the price is 7.73 %: that much free cash flow Nofoth Food Products Company produces per unit of market value. When it exceeds the discount rate of our models (13.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Nofoth Food Products Company (2288)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Nofoth Food Products Company it is 9.99 SAR per share (as of Sep 27, 2026), against a price of 6.10 SAR. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Nofoth Food Products Company stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 2288 trades below its calculated fair value: price 6.10 SAR, fair value 9.99 SAR, a gap of about +64% (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 2288?
No. The price is what the market pays today (6.10 SAR); the fair value is what the company's own numbers justify (9.99 SAR). For Nofoth Food Products Company the two are 3.89 SAR per share apart. That gap is exactly why we show both numbers side by side.
How much is Nofoth Food Products Company worth?
The market values Nofoth Food Products Company at about 581M SAR (market capitalisation, as of Sep 27, 2026). Per share that is 6.10 SAR; our models calculate a fair value of 9.99 SAR per share.
What do the bullish and bearish scenarios say about 2288?
Our models span a range for Nofoth Food Products Company: cautious scenario 6.99 SAR, base 9.99 SAR, optimistic 12.91 SAR per share (as of Sep 27, 2026, price 6.10 SAR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2288?
Nofoth Food Products Company trades at a price-to-earnings ratio of 11.3 (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 9.99 SAR is built from several models across several years. Other multiples: P/B 3.1, P/S 1.4, EV/EBITDA 9.3.
How solid is the balance sheet of Nofoth Food Products Company (2288)?
Balance-sheet figures for Nofoth Food Products Company (as of Sep 27, 2026): return on equity 28.5%. They feed the Quality Score of 68/100, which measures business quality independently of the share price.
How far is 2288 from its 52-week high?
Nofoth Food Products Company trades at 6.10 SAR, about 50% below its 52-week high of 12.12 SAR and 4% above the low of 5.88 SAR (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of 9.99 SAR is for.
Which stocks are comparable to Nofoth Food Products Company?
From the same area (Consumer Defensive) we also value Loblaw Companies Limited, The Kroger Co, Woolworths Group, Koninklijke Ahold Delhaize N.V, 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 Nofoth Food Products Company stock attractive at the current price?
The data as of Sep 27, 2026: price 6.10 SAR, calculated fair value 9.99 SAR (+64%), Quality Score 68/100, 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 2288 calculated?
We run Nofoth Food Products 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 9.99 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. Nofoth Food Products Company currently trades 39 % 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 Nofoth Food Products Company (2288)?
The closing price on Sep 30, 2026 was 6.10 SAR. Our model-based fair value is 9.99 SAR, about +64% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Nofoth Food Products Company right now?
The price is below even our cautious bear case (6.99 SAR). The market is more pessimistic than our downside scenario. Solid quality (68/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (6.99 SAR to 12.91 SAR) leaves room in how you read the outcome.
Key figures of Nofoth Food Products Company
How large is the market capitalisation of Nofoth Food Products Company (2288)?
The market capitalisation of Nofoth Food Products Company is 581M SAR (≈ $155M). 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 Nofoth Food Products Company (2288)?
The price-to-sales ratio of Nofoth Food Products Company is 1.49 (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 Nofoth Food Products Company (2288)?
Earnings per share at Nofoth Food Products Company are 0.5400 SAR (price ÷ EPS = P/E 11.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Nofoth Food Products Company (2288)?
The dividend yield of Nofoth Food Products Company is 2.6% (payout 29.6%). 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 Nofoth Food Products Company (2288)?
The net margin of Nofoth Food Products Company is 13.2% (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 Nofoth Food Products Company (2288)?
The return on equity (ROE) of Nofoth Food Products Company is 28.5% (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 Nofoth Food Products Company (2288)?
On an EBIT basis the return on assets of Nofoth Food Products Company is 25.9% (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 Nofoth Food Products Company (2288)?
The operating margin of Nofoth Food Products Company is 12.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Nofoth Food Products Company (2288)?
Revenue at Nofoth Food Products Company is growing −4.3% versus a year earlier (3y avg +16.7%). 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 Nofoth Food Products Company (2288)?
Earnings per share at Nofoth Food Products Company are growing −29.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Nofoth Food Products Company (2288) carry?
The net debt of Nofoth Food Products Company is 57.1M SAR (fiscal year 2024, ≈ 1.3 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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