Arabian Drilling Company (2381) Fair Value & Analysis
Energy · SA · Market cap 7.2B SAR
Fair value as of: Jul 31, 2026
From 16 valuation models · updated today
Share price −10.9% over the past month.
What matters now
- The price sits above even our optimistic bull case (65.93 SAR). The favourable scenario is already priced in.
- Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts.
- A fairly wide model range (31.58 SAR to 65.93 SAR) leaves room in how you read the outcome.
Price vs Fair Value (12 months)
12‑month range 72.40 SAR – 106.00 SAR · fair‑value band 31.58 SAR – 65.93 SAR · the 80.70 SAR price screens above the 32.28 SAR fair value. As of Jul 31, 2026.
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Arabian Drilling Company (2381) currently trades at 80.70 SAR, while our model-based Fair Value estimate is 32.28 SAR, implying the stock looks roughly 60.0% overvalued today. We read business quality at 40/100 (below-average quality), in the Energy 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, Arabian Drilling Company generated revenue of 3.3B SAR at a net margin of -4.3%. Revenue declined 9.8% year over year. It earns a return on equity of -2.4%. Net debt stands at 2.4B SAR. Fundamentals as of Jul 31, 2026
Our scenario range runs from 31.58 SAR (bear case) to 65.93 SAR (bull case); at 80.70 SAR, the current price sits above that range. The share trades about 25% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Energy peers we cover trades at -41% fair-value upside, at -60%, 2381 screens richer 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
Arabian Drilling Company operates as an onshore and offshore gas and oil rig drilling company in Saudi Arabia. The company's services include the supply of drilling services in shallow and deep waters and on land for the exploration and production of oil and natural gas, as well as well intervention and testing, rig move, mobilisation, manpower, and other …
Full company description
Arabian Drilling Company operates as an onshore and offshore gas and oil rig drilling company in Saudi Arabia. The company's services include the supply of drilling services in shallow and deep waters and on land for the exploration and production of oil and natural gas, as well as well intervention and testing, rig move, mobilisation, manpower, and other services. Arabian Drilling Company was founded in 1964 and is based in Al Khobar, Saudi Arabia.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Arabian Drilling Company reported revenue of 3.4B SAR in FY2025 versus 2.2B SAR in FY2021, a compound +11.8%/yr. Reported net income was −75.3M 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 Oil & Gas Drilling stocks, each showing price versus our Fair Value estimate (as of Jul 31, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Noble Corporation NE | $42.35 | $23.09 | -45% |
| Sinopec Oilfield Service Corporation 600871 | ¥2.16 | ¥0.6800 | -69% |
| Transocean Ltd RIG | $5.41 | $3.18 | -41% |
| Valaris Limited VAL | $79.92 | $63.09 | -21% |
| ADES Holding 2382 | 16.64 SAR | 7.27 SAR | -56% |
| Patterson-UTI Energy, Inc PTEN | $12.02 | $11.82 | -2% |
| Helmerich & Payne, Inc HP | $35.45 | $16.10 | -55% |
| Seadrill Limited SDRL | $47.41 | $4.93 | -90% |
| Odfjell Drilling Ltd ODFJF | $8.77 | $9.75 | +11% |
| Nabors Industries Ltd NBR | $86.71 | $177.35 | +105% |
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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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