Middle East Specialized Cables Co (2370) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of Middle East Specialized Cables Co SAR 18.45, price SAR 32.24, upside -42.8%, quality 51 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
60‑month range 8.38 SAR – 45.05 SAR · fair‑value band 14.48 SAR – 27.60 SAR · the 32.24 SAR price screens above the 18.45 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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Middle East Specialized Cables Company, together with its subsidiaries, manufactures and sells fiber optic cables, steel insulated wires and cables, copper insulated wires and cables, and aluminum insulated wires and cables in Saudi Arabia and the United Arab Emirates.
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Middle East Specialized Cables Company, together with its subsidiaries, manufactures and sells fiber optic cables, steel insulated wires and cables, copper insulated wires and cables, and aluminum insulated wires and cables in Saudi Arabia and the United Arab Emirates. The company offers instrumentation and process cables; power and control cables; fieldbus cables; fire cables; solar cables; cathodic protection cables; low current and communication cables; data and signals cables; building wire; flexible cables; irrigation cables; bare copper; and insulation and sheathing polyvinyl chloride compounds for wire and cable insulation and sheathing applications. The company was incorporated in 1992 and is based in Riyadh, the Kingdom of Saudi Arabia.
Stock analysis
Middle East Specialized Cables Co (2370) currently trades at 32.24 SAR, while our model-based Fair Value estimate is 18.45 SAR, 42.8% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 48.87 SAR per share, and 9 of the 17 models we run sit above the 32.24 SAR price.
Bear case: the Asset-Based group reads lowest at 9.02 SAR, and 8 of the 17 models stay below the price. Evidence for this calculation is high.
Scenario range: 14.48 SAR (bear) to 27.60 SAR (bull), the price of 32.24 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 51/100 (solid quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Middle East Specialized Cables Co reported revenue of 1.5B SAR in FY2025 versus 517M SAR in FY2021, a compound +30.1%/yr. Reported net income was 102M SAR in FY2025.
Key figures
Market cap 1.3B SAR (≈ $349M) · P/E ratio 11.2 · P/S ratio 0.77 · EPS (TTM) 2.87 SAR · Dividend yield 3.1% · Net margin 6.9% · Return on equity 21.9% · Return on assets (EBIT) 7.0%.
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 72% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −38% fair-value upside, at −43%, 2370 screens richer than that median.
Fair Value models
Bear 14.48 SARFair Value 18.45 SARBull 27.60 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 (1.40 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+29.6%
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.
+22.1%
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.
+23.0%
Start year 2020 (pandemic). Over 10 years: +5.3% a year
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.
+4.4%
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What shareholders gained per year (last 3 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 3 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.
+30.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+26.9%
Dividend (yield on the price)3.1%
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.6% → 9%
Compare Middle East Specialized Cables Co 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.Electrical Equipment & Parts · 545 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score51 · Below median
Fair Value upside−42.8% · Below median
Profitability
Return on equity (TTM)21.9% · Top 25%
Return on assets7.6% · Top 25%
Net margin (TTM)7.2% · Above median
Operating margin (TTM)9.6% · Above median
Growth and dividend
Revenue growth36.4% · Top 25%
Dividend yield (TTM)3.1% · Top 25%
Balance sheet
Debt / equity0.08× · Above median
Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper
P/E (TTM)11.2× · Cheapest 25%
P/B2.43× · Pricier than median
P/S (TTM)0.82× · Cheaper than median
EV/EBITDA7.7× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 55
PAST (return on equity)88· sector 26
HEALTH (low debt)96· sector 97
DIVIDEND (yield)62· sector 23
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). "Middle East Specialized Cables Co Fair Value". https://www.fairvalue-calculator.com/stock/2370
Frequently asked questions
Is Middle East Specialized Cables Co (2370) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of 18.45 SAR versus a price of 32.24 SAR, about −43% upside (overvalued).
What is the fair value of 2370?
Our model-based fair value for Middle East Specialized Cables Co is 18.45 SAR (as of Sep 27, 2026), built from audited fundamentals. The current price: 32.24 SAR.
What is the quality score of 2370?
Middle East Specialized Cables Co 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 price target for Middle East Specialized Cables Co (2370)?
Our model-based price target is the fair value of 18.45 SAR (as of Sep 27, 2026) from 17 valuation models. Cautious scenario 14.48 SAR, optimistic scenario 27.60 SAR. It is a calculation from audited fundamentals, not an analyst target.
What is the Middle East Specialized Cables Co stock forecast for 2026?
Our models put fair value at 18.45 SAR, about −43% upside versus a price of 32.24 SAR (overvalued). Cautious scenario 14.48 SAR, optimistic scenario 27.60 SAR. The calculation is refreshed regularly with new filings.
What is the revenue of Middle East Specialized Cables Co (2370)?
Middle East Specialized Cables Co reported trailing-twelve-month revenue of about 1.6B SAR (latest available figure, as of Sep 27, 2026).
Does Middle East Specialized Cables Co pay a dividend?
Middle East Specialized Cables Co currently shows a dividend yield of about 3.10% relative to its recent price (as of Sep 27, 2026).
What is the intrinsic value of Middle East Specialized Cables Co (2370)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Middle East Specialized Cables Co it is 18.45 SAR per share (as of Sep 27, 2026), against a price of 32.24 SAR. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is Middle East Specialized Cables Co stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 2370 trades above its calculated fair value: price 32.24 SAR, fair value 18.45 SAR, a gap of about −43% (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 2370?
No. The price is what the market pays today (32.24 SAR); the fair value is what the company's own numbers justify (18.45 SAR). For Middle East Specialized Cables Co the two are 13.79 SAR per share apart. That gap is exactly why we show both numbers side by side.
How much is Middle East Specialized Cables Co worth?
The market values Middle East Specialized Cables Co at about 1.3B SAR (market capitalisation, as of Sep 27, 2026). Per share that is 32.24 SAR; our models calculate a fair value of 18.45 SAR per share.
What do the bullish and bearish scenarios say about 2370?
Our models span a range for Middle East Specialized Cables Co: cautious scenario 14.48 SAR, base 18.45 SAR, optimistic 27.60 SAR per share (as of Sep 27, 2026, price 32.24 SAR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2370?
Middle East Specialized Cables Co trades at a price-to-earnings ratio of 11.2 (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 18.45 SAR is built from several models across several years. Other multiples: P/B 2.4, P/S 0.8, EV/EBITDA 7.7.
How solid is the balance sheet of Middle East Specialized Cables Co (2370)?
Balance-sheet figures for Middle East Specialized Cables Co (as of Sep 27, 2026): return on equity 21.9%, debt of 0.08 per unit of equity. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is 2370 from its 52-week high?
Middle East Specialized Cables Co trades at 32.24 SAR, about 9% below its 52-week high of 35.54 SAR and 72% above the low of 18.70 SAR (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of 18.45 SAR is for.
Which stocks are comparable to Middle East Specialized Cables Co?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Delta Electronics (Thailand) Public Company, Vertiv Holdings, 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 Middle East Specialized Cables Co stock attractive at the current price?
The data as of Sep 27, 2026: price 32.24 SAR, calculated fair value 18.45 SAR (−43%), Quality Score 51/100, from 17 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 2370 calculated?
We run Middle East Specialized Cables Co through 17 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 18.45 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. Middle East Specialized Cables 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 is the share price of Middle East Specialized Cables Co (2370)?
The closing price on Sep 30, 2026 was 32.24 SAR. Our model-based fair value is 18.45 SAR, about −43% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Middle East Specialized Cables Co right now?
The price sits above even our optimistic bull case (27.60 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 (14.48 SAR to 27.60 SAR) leaves room in how you read the outcome.
Key figures of Middle East Specialized Cables Co
How large is the market capitalisation of Middle East Specialized Cables Co (2370)?
The market capitalisation of Middle East Specialized Cables Co is 1.3B SAR (≈ $349M). 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 Middle East Specialized Cables Co (2370)?
The price-to-sales ratio of Middle East Specialized Cables Co is 0.77 (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 Middle East Specialized Cables Co (2370)?
Earnings per share at Middle East Specialized Cables Co are 2.87 SAR (price ÷ EPS = P/E 11.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Middle East Specialized Cables Co (2370)?
The dividend yield of Middle East Specialized Cables Co is 3.1% (payout 34.8%). 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 Middle East Specialized Cables Co (2370)?
The net margin of Middle East Specialized Cables Co is 6.9% (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 Middle East Specialized Cables Co (2370)?
The return on equity (ROE) of Middle East Specialized Cables Co is 21.9% (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 Middle East Specialized Cables Co (2370)?
On an EBIT basis the return on assets of Middle East Specialized Cables Co is 7.0% (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 Middle East Specialized Cables Co (2370)?
The operating margin of Middle East Specialized Cables Co is 9.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Middle East Specialized Cables Co (2370)?
Revenue at Middle East Specialized Cables Co is growing +36.4% versus a year earlier (3y avg +22.1%). 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 Middle East Specialized Cables Co (2370)?
Earnings per share at Middle East Specialized Cables Co are growing +69.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Middle East Specialized Cables Co (2370) generate?
The free cash flow of Middle East Specialized Cables Co is −19.3M 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 Middle East Specialized Cables Co (2370) carry?
The net debt of Middle East Specialized Cables Co is 136M 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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