Middle East Specialized Cables Company (2370) Fair Value & Analysis
Industrials · SA · Market cap 1.2B SAR
Fair value as of: Jul 31, 2026
From 17 valuation models · updated today
Share price +3.3% over the past month.
What matters now
- The model range is unusually wide (17.29 SAR to 51.11 SAR). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
Price vs Fair Value (12 months)
12‑month range 18.70 SAR – 34.00 SAR · fair‑value band 17.29 SAR – 51.11 SAR · the 30.86 SAR price screens above the 28.13 SAR fair value. As of Jul 31, 2026.
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Middle East Specialized Cables Company (2370) currently trades at 30.86 SAR, while our model-based Fair Value estimate is 28.13 SAR, implying the stock looks roughly 8.9% fairly valued today. We read business quality at 53/100 (solid quality), in the Industrials 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, Middle East Specialized Cables Company generated revenue of 1.6B SAR at a net margin of 7.2%. Revenue grew 36.4% year over year. It earns a return on equity of 21.9%. Net debt stands at 136M SAR. Fundamentals as of Jul 31, 2026
Our scenario range runs from 17.29 SAR (bear case) to 51.11 SAR (bull case); at 30.86 SAR, the current price sits within that range. The share trades about 12% below its 52-week high and 73% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -53% fair-value upside, at -9%, 2370 screens cheaper 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
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.
Full company description
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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Middle East Specialized Cables Company 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.
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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 Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Jul 31, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
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| WEG S.A WEGE3 | 13,210 ARS | 7,763 ARS | -41% |
| Sungrow Power Supply Co 300274 | ¥153.75 | ¥106.35 | -31% |
| Shenzhen Inovance Technology Co 300124 | ¥75.08 | ¥40.60 | -46% |
| HD Hyundai Electric Co 267260 | 986,000 KRW | 463,865 KRW | -53% |
| LS ELECTRIC Co 010120 | 245,000 KRW | 29,936 KRW | -88% |
| Sieyuan Electric Co 002028 | ¥151.73 | ¥71.69 | -53% |
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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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