Saudi Paper Manufacturing Co. (2300) fair value: what the stock is really worth
We calculate from audited financials what Saudi Paper Manufacturing 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
60‑month range 18.58 SAR – 80.39 SAR · fair‑value band 13.53 SAR – 21.75 SAR · the 63.50 SAR price screens above the 19.20 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.
Saudi Paper Manufacturing Company, together with its subsidiaries, engages in the purchase, manufacture, and distribution of paper pulp and tissue paper products in the Kingdom of Saudi Arabia, the Gulf Cooperation Council countries, and internationally. It operates in Manufacturing; and Trading and Others segments.
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Saudi Paper Manufacturing Company, together with its subsidiaries, engages in the purchase, manufacture, and distribution of paper pulp and tissue paper products in the Kingdom of Saudi Arabia, the Gulf Cooperation Council countries, and internationally. It operates in Manufacturing; and Trading and Others segments. The company offers facial tissues, kitchen towels, maxi rolls, toilet paper, interfold towels, table napkins, interfolds, underpads, pocket tissues, napkins, and industrial tissue products under the Mouchoir, Excellence, City, SPC Pro, and Jumbo Roll brands. It is also involved in the collection, sorting, pressing, and transportation of wastepaper; destruction and shredding of archives and confidential documents; sorting and classifying; packaging; and environmental protection services. Saudi Paper Manufacturing Company was founded in 1989 and is based in Dammam, the Kingdom of Saudi Arabia.
Stock analysis
Saudi Paper Manufacturing Co. (2300) currently trades at 63.50 SAR, while our model-based Fair Value estimate is 19.20 SAR, implying the stock looks roughly 230.7% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 30.08 SAR per share, and 0 of the 15 models we run sit above the 63.50 SAR price.
Bear case: the Asset-Based group reads lowest at 10.51 SAR, and 15 of the 15 models stay below the price. Evidence for this calculation is high.
Scenario range: 13.53 SAR (bear) to 21.75 SAR (bull), the price of 63.50 SAR sits above 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 36/100 (below-average quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Saudi Paper Manufacturing Co. reported revenue of 850M SAR in FY2025 versus 589M SAR in FY2021, a compound +9.6%/yr. Reported net income was 60.5M SAR in FY2025, compounding +18.9%/yr from FY2021.
Key figures
Market cap 2.3B SAR (≈ $625M) · P/E ratio 31.8 · P/S ratio 2.26 · EPS (TTM) 2.00 SAR · Dividend yield 0.8% · Net margin 7.1% · Return on equity 13.0% · Return on assets (EBIT) 7.7%.
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 9% below its 52-week high and 36% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 22% fair-value upside, at −70%, 2300 screens richer than that median.
Fair Value models
Bear 13.53 SARFair Value 19.20 SARBull 21.75 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 (1.06 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.53/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+1.6%
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.
+7.1%
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.
+9.8%
Revenue growth 19 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.
+4.5%
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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.
+5.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+4.7%
Dividend (yield on the price)0.8%
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.5% vs 6%, 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.8% → 12%
⚠ Revenue per share shrinking 2.3%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Compare Saudi Paper Manufacturing 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.Paper & Paper Products · 120 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score36 · Bottom 25%
Fair Value upside−57% · Bottom 25%
Profitability
Return on equity (TTM)13% · Top 25%
Return on assets5% · Top 25%
Net margin (TTM)9% · Top 25%
Operating margin (TTM)17% · Top 25%
Growth and dividend
Revenue growth10% · Top 25%
Dividend yield (TTM)0.8% · Below median
Balance sheet
Debt / equity0.31× · Above median
Valuation Multiplesvs Paper & Paper Products median · lower = cheaper
P/E (TTM)31.8× · Priciest 25%
P/B1.16× · Pricier than median
P/S (TTM)0.77× · Pricier than median
EV/EBITDA5.0× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 14
FUTURE (revenue growth)50· sector 7
PAST (return on equity)52· sector 14
HEALTH (low debt)84· sector 92
DIVIDEND (yield)16· sector 38
VALUE 0: the price sits above our fair-value range.
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). "Saudi Paper Manufacturing Co. Fair Value". https://www.fairvalue-calculator.com/stock/2300
Frequently asked questions
Is Saudi Paper Manufacturing Co. (2300) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of 19.20 SAR versus a price of 63.50 SAR, about −70% upside (overvalued).
What is the fair value of 2300?
Our model-based fair value for Saudi Paper Manufacturing Co. is 19.20 SAR (as of Sep 13, 2026), built from audited fundamentals. The current price: 63.50 SAR.
What is the quality score of 2300?
Saudi Paper Manufacturing Co. has a Quality Score of 36/100. 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 Saudi Paper Manufacturing Co. (2300)?
Our model-based price target is the fair value of 19.20 SAR (as of Sep 13, 2026) from 15 valuation models. Cautious scenario 13.53 SAR, optimistic scenario 21.75 SAR. It is a calculation from audited fundamentals, not an analyst target.
What is the Saudi Paper Manufacturing Co. stock forecast for 2026?
Our models put fair value at 19.20 SAR, about −70% upside versus a price of 63.50 SAR (overvalued). Cautious scenario 13.53 SAR, optimistic scenario 21.75 SAR. The calculation is refreshed regularly with new filings.
What is the revenue of Saudi Paper Manufacturing Co. (2300)?
Saudi Paper Manufacturing Co. reported trailing-twelve-month revenue of about 873M SAR (latest available figure, as of Sep 13, 2026).
Does Saudi Paper Manufacturing Co. pay a dividend?
Saudi Paper Manufacturing Co. currently shows a dividend yield of about 0.79% relative to its recent price (as of Sep 13, 2026).
What is the intrinsic value of Saudi Paper Manufacturing Co. (2300)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Saudi Paper Manufacturing Co. it is 19.20 SAR per share (as of Sep 13, 2026), against a price of 63.50 SAR. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Saudi Paper Manufacturing Co. stock overvalued or undervalued in 2026?
As of Sep 13, 2026, 2300 trades above its calculated fair value: price 63.50 SAR, fair value 19.20 SAR, a gap of about −70% (overvalued). 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 2300?
No. The price is what the market pays today (63.50 SAR); the fair value is what the company's own numbers justify (19.20 SAR). For Saudi Paper Manufacturing Co. the two are 44.30 SAR per share apart. That gap is exactly why we show both numbers side by side.
How much is Saudi Paper Manufacturing Co. worth?
The market values Saudi Paper Manufacturing Co. at about 2.3B SAR (market capitalisation, as of Sep 13, 2026). Per share that is 63.50 SAR; our models calculate a fair value of 19.20 SAR per share.
What do the bullish and bearish scenarios say about 2300?
Our models span a range for Saudi Paper Manufacturing Co.: cautious scenario 13.53 SAR, base 19.20 SAR, optimistic 21.75 SAR per share (as of Sep 13, 2026, price 63.50 SAR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2300?
Saudi Paper Manufacturing Co. trades at a price-to-earnings ratio of 31.8 (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 19.20 SAR is built from several models across several years. Other multiples: P/B 1.2, P/S 0.8, EV/EBITDA 5.0.
How solid is the balance sheet of Saudi Paper Manufacturing Co. (2300)?
Balance-sheet figures for Saudi Paper Manufacturing Co. (as of Sep 13, 2026): return on equity 13.0%, debt of 0.31 per unit of equity. They feed the Quality Score of 36/100, which measures business quality independently of the share price.
How far is 2300 from its 52-week high?
Saudi Paper Manufacturing Co. trades at 63.50 SAR, about 9% below its 52-week high of 69.60 SAR and 36% above the low of 46.59 SAR (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of 19.20 SAR is for.
Which stocks are comparable to Saudi Paper Manufacturing Co.?
From the same area (Basic Materials) we also value UPM-Kymmene Oyj, Suzano S.A, Svenska Cellulosa Aktiebolaget SCA (publ), Shandong Sunpaper Co, 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 Saudi Paper Manufacturing Co. stock attractive at the current price?
The data as of Sep 13, 2026: price 63.50 SAR, calculated fair value 19.20 SAR (−70%), Quality Score 36/100, from 15 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 2300 calculated?
We run Saudi Paper Manufacturing Co. through 15 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 19.20 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. Saudi Paper Manufacturing Co. itself currently trades above fair value. 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 Saudi Paper Manufacturing Co. right now?
The price sits above even our optimistic bull case (21.75 SAR). The favourable scenario is already priced in. Weak quality (36/100) and above fair value at the same time, the margin of safety is missing on both counts.
Key figures of Saudi Paper Manufacturing Co.
How large is the market capitalisation of Saudi Paper Manufacturing Co. (2300)?
The market capitalisation of Saudi Paper Manufacturing Co. is 2.3B SAR (≈ $625M). 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 Saudi Paper Manufacturing Co. (2300)?
The price-to-sales ratio of Saudi Paper Manufacturing Co. is 2.26 (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 Saudi Paper Manufacturing Co. (2300)?
Earnings per share at Saudi Paper Manufacturing Co. are 2.00 SAR (price ÷ EPS = P/E 31.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Saudi Paper Manufacturing Co. (2300)?
The dividend yield of Saudi Paper Manufacturing Co. is 0.8% (payout 25.0%). 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 Saudi Paper Manufacturing Co. (2300)?
The net margin of Saudi Paper Manufacturing Co. is 7.1% (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 Saudi Paper Manufacturing Co. (2300)?
The return on equity (ROE) of Saudi Paper Manufacturing Co. is 13.0% (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 Saudi Paper Manufacturing Co. (2300)?
On an EBIT basis the return on assets of Saudi Paper Manufacturing Co. is 7.7% (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 Saudi Paper Manufacturing Co. (2300)?
The operating margin of Saudi Paper Manufacturing Co. is 16.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Saudi Paper Manufacturing Co. (2300)?
Revenue at Saudi Paper Manufacturing Co. is growing +10.0% versus a year earlier (3y avg +7.1%). 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 Saudi Paper Manufacturing Co. (2300)?
Earnings per share at Saudi Paper Manufacturing Co. are growing +65.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Saudi Paper Manufacturing Co. (2300) generate?
The free cash flow of Saudi Paper Manufacturing Co. is −47.2M 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 Saudi Paper Manufacturing Co. (2300) carry?
The net debt of Saudi Paper Manufacturing Co. is 528M 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.
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