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Artex Industrial Investment Company (2340) Fair Value & Analysis

Consumer Cyclical · SA · Market cap 1.0B SAR

AI Artex Industrial Investment Company 2340 · SR
Price12.30 SAR
Fair Value4.36 SAR
Upside-64.6%
Quality51/100
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Expensive Growth
Thin margins · 4.4% net margin
Low debt · negative free cash flow
Mixed vs. peers (7/12)
Narrow moat 28/100
Evidence: High Range 3.05 SAR – 5.58 SAR Share as image

Fair value as of: Jul 31, 2026

From 15 valuation models · updated 10 days ago

A solid business, but screening 65% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (5.58 SAR). The favourable scenario is already priced in.
  • Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (3.05 SAR to 5.58 SAR) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

40.35 SAR 9.43 SAR Fair Value 4.36 SAR Apr 2021 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 31, 2026.

How to read this chart

60‑month range 9.43 SAR – 40.35 SAR · fair‑value band 3.05 SAR – 5.58 SAR · the 12.30 SAR price screens above the 4.36 SAR fair value. Dashed = 300-day average. As of Jul 31, 2026.

Full chart & analysis →

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Analysis

Artex Industrial Investment Company (2340) currently trades at 12.30 SAR, while our model-based Fair Value estimate is 4.36 SAR, implying the stock looks roughly 64.6% overvalued today. The Quality Score stands at 51/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Artex Industrial Investment Company generated revenue of 543M SAR at a net margin of 4.4%. Revenue declined 12.1% year over year. It earns a return on equity of 2.3%. Net debt stands at 177M SAR. Fundamentals as of Jul 31, 2026

Our scenario range runs from 3.05 SAR (bear case) to 5.58 SAR (bull case); at 12.30 SAR, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 17% below its 52-week high and 37% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -27% fair-value upside, at -65%, 2340 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income 8.55 SAR 7.80 SAR 5.59 SAR 76
ROIC Compounder 0.5600 SAR 0.6200 SAR 0.6700 SAR 72
Gordon GGM 0.0600 SAR 0.0600 SAR 0.0700 SAR 70
All 15 models by family
DCF Models
Owner Earnings 2.52 SAR 3.25 SAR 4.47 SAR 31
Earnings-Based
Graham-Dodd 1.78 SAR 2.18 SAR 2.45 SAR 54
EPV 0.5600 SAR 0.6200 SAR 0.6700 SAR 59
Dividend Discount
Gordon GGM 0.0600 SAR 0.0600 SAR 0.0700 SAR 70
DDM Multi-Stage 0.0600 SAR 0.0700 SAR 0.0800 SAR 61
Multiples
P/E Multiple 4.33 SAR 5.77 SAR 7.22 SAR 63
P/S Multiple 3.35 SAR 4.46 SAR 5.58 SAR 58
P/B Multiple 3.35 SAR 4.46 SAR 5.58 SAR 55
EV/EBIT 1.59 SAR 2.07 SAR 2.56 SAR 53
EV/EBITDA 5.39 SAR 7.15 SAR 8.91 SAR 54
EV/Revenue 1.11 SAR 1.53 SAR 1.96 SAR 43
Asset-Based
NCAV (Graham) 6.51 SAR 8.72 SAR 13.02 SAR 50
Economic Profit
Residual Income 8.55 SAR 7.80 SAR 5.59 SAR 76
ROIC Compounder 0.5600 SAR 0.6200 SAR 0.6700 SAR 72
Growth Earnings
Growth-Adj P/E 3.05 SAR 4.36 SAR 5.67 SAR 68

Widest divergence: Asset-Based (8.72 SAR) versus Dividend Discount (0.0600 SAR). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 543M SAR
Revenue growth (YoY) -12.1%
Net margin 4.4%
Return on equity 2.3%
Free cash flow −21.2M SAR FY2025
P/E ratio 41.3
More key figures
Operating margin 11.2%
EPS (TTM) 0.3000 SAR
EPS growth (YoY) +21.5%
Net debt 177M SAR FY2025

Figures from reported company fundamentals · as of Jul 31, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 47 · Market factors (momentum, volatility) 59

Profitability 19
Margins and returns on capital today
Quality Growth 73
Are margins and returns improving?
Cashflow 10
Earnings quality: real cash, not paper profit
Fin. Strength 51
Balance sheet, leverage, solvency risk
Investment 92
Disciplined investing over empire-building
Low Volatility 84
Calm price path (market factor)
Momentum 51
Price trend over the last 3–12 months (market factor)
52W Momentum 44
Distance to the 52-week high (market factor)
Net Issuance 76
Buybacks instead of dilution

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

Artex Industrial Investment Company engages in the manufacture and sale of rugs and carpets in the Kingdom of Saudi Arabia, Asia, North America, Africa, Europe, and Australia.

Full company description

Artex Industrial Investment Company engages in the manufacture and sale of rugs and carpets in the Kingdom of Saudi Arabia, Asia, North America, Africa, Europe, and Australia. It is also involved in the production of yarn, polypropylene yarn, blankets, masterbatch, PVC tubes, and carpet backing products, as well as the provision of staff catering and transportation, and training services. The company was formerly known as Al Abdullatif Industrial Investment Company and changed its name to Artex Industrial Investment Company in July 2024. Artex Industrial Investment Company was incorporated in 1989 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Artex Industrial Investment Company reported revenue of 564M SAR in FY2025 versus 642M SAR in FY2021, a compound −3.2%/yr. Reported net income was 21.3M SAR in FY2025.

Growth Quality 34/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
564M SAR
Latest YoY
+0.3%
Avg. growth/yr (3Y)
−4.5%
Avg. growth/yr (5Y)
+3.9%
Avg. growth/yr (19Y)
−2.2%
Revenue −3.2%/yr
FY21 642M SAR
FY22 648M SAR
FY23 523M SAR
FY24 562M SAR
FY25 564M SAR
Net income
FY21 −47.8M SAR
FY22 −57.9M SAR
FY23 −74.8M SAR
FY24 −144M SAR
FY25 21.3M SAR

2340 screens 65% overvalued. Compare with Shenzhou International Group →

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Cite: Fair Value Calculator (2026). "Artex Industrial Investment Company Fair Value". https://www.fairvalue-calculator.com/stock/2340

Peer Group

Textile Manufacturing · 309 stocks

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.

Quality Score 51 · Above median
Fair Value upside −65% · Bottom 25%
Return on equity (TTM) 2% · Below median
Return on assets 1% · Below median
Net margin (TTM) 4% · Above median
Operating margin (TTM) 11% · Top 25%
Revenue growth -12% · Below median
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Textile Manufacturing median · lower = cheaper

P/E (TTM) 41.3× · Pricier than median
P/B 0.25× · Cheaper than 75% of peers
P/S (TTM) 0.49× · Cheaper than median
EV/EBITDA 5.5× · Cheaper than median

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.

VALUE 0 · sector 11
FUTURE 0 · sector 0
PAST 9 · sector 14
HEALTH 99 · sector 95
DIVIDEND 0 · sector 34

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Textile Manufacturing stocks, each showing price versus our Fair Value estimate (as of Jul 31, 2026).

Stock Price Fair Value vs Fair Value
Shenzhou International Group 2313 HK$44.40 HK$75.65 +70%
Tongkun Group 601233 ¥23.56 ¥14.53 -38%
Inner Mongolia ERDOS Resources Co 600295 ¥12.04 ¥14.35 +19%
HMT (Xiamen) New Technical Materials Co 603306 ¥91.75 ¥12.85 -86%
Far Eastern New Century Corporation 1402 27.55 TWD 28.72 TWD +4%
K.P.R. Mill Limited KPRMILL ₹1,083 ₹467.49 -57%
Zhejiang Orient Holdings 600120 ¥5.18 ¥2.21 -57%
Vardhman Textiles Limited VTL ₹602.20 ₹437.53 -27%
Isiklar Enerji ve Yapi Holding IEYHO 174.20 TRY 323.84 TRY +86%
Shandong Fiberglass Group 605006 ¥16.75 ¥6.42 -62%

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Frequently asked questions

Is Artex Industrial Investment Company (2340) overvalued or undervalued?
As of Jul 31, 2026, our model estimates a fair value of 4.36 SAR versus a price of 12.30 SAR, about −65% (overvalued).
What is the fair value of 2340?
Our model-based fair value for Artex Industrial Investment Company is 4.36 SAR (as of Jul 31, 2026), built from audited fundamentals. The current price is 12.30 SAR.
What is the quality score of 2340?
Artex Industrial Investment Company has a Quality Score of 51/100. 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 revenue of Artex Industrial Investment Company (2340)?
Artex Industrial Investment Company reported trailing-twelve-month revenue of about 543M SAR (latest available figure, as of Jul 31, 2026).
What is the net profit margin of 2340?
The net profit margin of Artex Industrial Investment Company is about 4.4%, meaning it keeps roughly 4.4% of revenue as net income. Based on the latest reported figures.

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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