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Middle East Healthcare Co CJSC (4009) fair value: what the stock is really worth

We calculate from audited financials what Middle East Healthcare Co CJSC 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.

  1. Fair value above price? Yes
  2. Good quality? No
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Healthcare · SA · ISIN SA141H01UKH9

ME Broad data Sep 13, 2026

Middle East Healthcare Co CJSC

4009 · SR

Cheap, value-trap riskThe stock looks deeply undervalued, but low quality raises value-trap risk.

Fair value 55.76 SAR · Strongly undervalued (+78%)
!Quality 42/100
!Expensive Growth (revenue 5y +11.9 %/yr)
!Thin margins · 5.3% net margin (TTM)
!Moderate debt · negative free cash flow
·1.59% dividend yield
Ranks above peers (8/13)
!Narrow moat 38/100
!Weak on future: 22 out of 100
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What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

128.21 SAR 24.44 SAR Fair Value 55.76 SAR May 2021 Sep 2026

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 24.44 SAR – 128.21 SAR · fair‑value band 40.98 SAR – 69.70 SAR · the 31.38 SAR price screens below the 55.76 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.

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Company profile

Middle East Healthcare Company, a healthcare provider, owns and operates a network of hospitals under the Saudi German Hospital name in the Kingdom of Saudi Arabia and internationally. The company operates, manages, and maintains hospitals; and medical, educational, rehabilitation, laboratories and radiology, physiotherapy, and pharmacies centers.

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Middle East Healthcare Company, a healthcare provider, owns and operates a network of hospitals under the Saudi German Hospital name in the Kingdom of Saudi Arabia and internationally. The company operates, manages, and maintains hospitals; and medical, educational, rehabilitation, laboratories and radiology, physiotherapy, and pharmacies centers. It also buys land to construct medical projects, as well as to establish, manage, construct, and organize exhibitions. The company was founded in 1988 and is based in Jeddah, the Kingdom of Saudi Arabia. Middle East Healthcare Company operates as a subsidiary of Bait Al Batterjee Medical Co. Ltd.

Stock analysis

Middle East Healthcare Co CJSC (4009) currently trades at 31.38 SAR, while our model-based Fair Value estimate is 55.76 SAR, implying the stock looks roughly 43.7% undervalued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of 58.54 SAR per share, and 10 of the 17 models we run sit above the 31.38 SAR price.

Bear case: the Dividend Discount group reads lowest at 7.56 SAR, and 7 of the 17 models stay below the price. Evidence for this calculation is high.

Scenario range: 40.98 SAR (bear) to 69.70 SAR (bull), the price of 31.38 SAR sits below 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 42/100 (below-average quality), in the Healthcare sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Middle East Healthcare Co CJSC reported revenue of 3.1B SAR in FY2025 versus 1.9B SAR in FY2021, a compound +13.5%/yr. Reported net income was 302M SAR in FY2025, compounding +125.2%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.

Key figures

Market cap 2.9B SAR (≈ $769M) · P/E ratio 17.2 · P/S ratio 1.68 · EPS (TTM) 1.82 SAR · Dividend yield 1.6% · Net margin 9.7% · Return on equity 9.1% · Return on assets (EBIT) 5.4%.

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 47% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Healthcare peers we cover trades at 0% fair-value upside, at 78%, 4009 screens cheaper than that median.

Fair Value models

Bear 40.98 SAR Fair Value 55.76 SAR Bull 69.70 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 (0.9294 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.
Highest evidence
EPV 17.77 SAR 23.25 SAR 27.98 SAR 74
Owner Earnings n/a 2.90 SAR 15.80 SAR 73
ROIC Compounder 17.77 SAR 25.97 SAR 38.60 SAR 70
All 17 models by family
DCF Models
Owner Earnings n/a 2.90 SAR 15.80 SAR 73
Earnings-Based
Graham-Dodd 22.30 SAR 92.04 SAR 125.41 SAR 64
Lynch FV 23.19 SAR 33.13 SAR 43.06 SAR 61
PEG = 1.0 23.19 SAR 33.13 SAR 43.06 SAR 57
EPV 17.77 SAR 23.25 SAR 27.98 SAR 74
Dividend Discount
Gordon GGM 4.39 SAR 8.75 SAR 13.25 SAR 67
DDM Multi-Stage 4.39 SAR 7.56 SAR 9.24 SAR 67
Multiples
P/E Multiple 54.12 SAR 72.16 SAR 90.20 SAR 63
P/S Multiple 41.82 SAR 55.76 SAR 69.70 SAR 58
P/B Multiple 41.82 SAR 55.76 SAR 69.70 SAR 55
EV/EBIT 37.15 SAR 55.19 SAR 73.22 SAR 65
EV/EBITDA 55.66 SAR 79.87 SAR 104.07 SAR 67
EV/Revenue 21.66 SAR 38.21 SAR 54.76 SAR 52
Asset-Based
NCAV (Graham) 10.17 SAR 13.63 SAR 20.34 SAR 54
Economic Profit
Residual Income 20.96 SAR 28.31 SAR 90.75 SAR 64
ROIC Compounder 17.77 SAR 25.97 SAR 38.60 SAR 70
Growth Earnings
Growth-Adj P/E 40.98 SAR 58.54 SAR 76.11 SAR 67

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Quality Score breakdown

Overall quality 42/100

Of which business quality 41 · Market factors (momentum, volatility) 39

Profitability 45
Margins and returns on capital today
Quality Growth 37
Are margins and returns improving?
Cashflow 25
Earnings quality: real cash, not paper profit
Fin. Strength 24
Balance sheet, leverage, solvency risk
Investment 47
Disciplined investing over empire-building
Low Volatility 81
Calm price path (market factor)
Momentum 30
Price trend over the last 3–12 months (market factor)
52W Momentum 5
Distance to the 52-week high (market factor)
Net Issuance 82
Share count: buybacks or dilution?

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Revenue & earnings trend

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
+7.6%
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.
+13.0%
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.
+11.9%
Revenue growth 13 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.
+14.4%
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. Basis: EBIT basis.
≈ +32.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+30.5%
Dividend (yield on the price)1.6%
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.30% vs −2%, picking up
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.7% → 13%
⚠ Rate on operating basis: 2025 sits 68% above its own trend.

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Peer GroupHow 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.Medical Care Facilities · 255 stocks

Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 42 · Bottom 25%
Fair Value upside +67% · Top 25%
Profitability
Return on equity (TTM) 9% · Above median
Return on assets 4% · Above median
Net margin (TTM) 5% · Below median
Operating margin (TTM) 10% · Above median
Growth and dividend
Revenue growth 4% · Below median
Dividend yield (TTM) 1.6% · Below median
Balance sheet
Debt / equity 0.85× · Highest 25%

Valuation Multiplesvs Medical Care Facilities median · lower = cheaper

P/E (TTM) 17.2× · Cheaper than median
P/B 0.39× · Cheapest 25%
P/S (TTM) 0.23× · Cheapest 25%
EV/EBITDA 4.0× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 29
FUTURE (revenue growth)22 · sector 27
PAST (return on equity)36 · sector 31
HEALTH (low debt)58 · sector 90
DIVIDEND (yield)32 · sector 42

Context: sector, industry, market

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

Similar stocks

10 more Medical Care Facilities stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
HCA Healthcare, Inc HCA $426.94 $506.40 +19%
Fresenius SE FRE €45.04 €32.15 −29%
Dr. Sulaiman Al Habib Medical Services Group 4013 232.70 SAR 112.37 SAR −52%
IHH Healthcare Berhad, an investment holding company, Q0F 2.67 SGD 1.51 SGD −43%
Tenet Healthcare Corporation THC $263.69 $294.55 +12%
DaVita Inc DVA $181.55 $180.71 +0%
Apollo Hospitals Enterprise Limited APOLLOHOSP ₹8,850 ₹2,955 −67%
Fresenius Medical Care AG FME €38.44 €71.28 +85%
Aier Eye Hospital Group 300015 ¥8.06 ¥10.86 +35%
Max Healthcare Institute Limited MAXHEALTH ₹1,038 ₹284.87 −73%

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Cite: Fair Value Calculator (2026). "Middle East Healthcare Co CJSC Fair Value". https://www.fairvalue-calculator.com/stock/4009

Frequently asked questions

Is Middle East Healthcare Co CJSC (4009) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of 55.76 SAR versus a price of 31.38 SAR, about +78% upside (undervalued).
What is the fair value of 4009?
Our model-based fair value for Middle East Healthcare Co CJSC is 55.76 SAR (as of Sep 13, 2026), built from audited fundamentals. The current price: 31.38 SAR.
What is the quality score of 4009?
Middle East Healthcare Co CJSC has a Quality Score of 42/100. 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 Healthcare Co CJSC (4009)?
Our model-based price target is the fair value of 55.76 SAR (as of Sep 13, 2026) from 17 valuation models. Cautious scenario 40.98 SAR, optimistic scenario 69.70 SAR. It is a calculation from audited fundamentals, not an analyst target.
What is the Middle East Healthcare Co CJSC stock forecast for 2026?
Our models put fair value at 55.76 SAR, about +78% upside versus a price of 31.38 SAR (undervalued). Cautious scenario 40.98 SAR, optimistic scenario 69.70 SAR. The calculation is refreshed regularly with new filings.
What is the revenue of Middle East Healthcare Co CJSC (4009)?
Middle East Healthcare Co CJSC reported trailing-twelve-month revenue of about 3.1B SAR (latest available figure, as of Sep 13, 2026).
Does Middle East Healthcare Co CJSC pay a dividend?
Middle East Healthcare Co CJSC currently shows a dividend yield of about 1.59% relative to its recent price (as of Sep 13, 2026).
What is the intrinsic value of Middle East Healthcare Co CJSC (4009)?
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 Healthcare Co CJSC it is 55.76 SAR per share (as of Sep 13, 2026), against a price of 31.38 SAR. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is Middle East Healthcare Co CJSC stock overvalued or undervalued in 2026?
As of Sep 13, 2026, 4009 trades below its calculated fair value: price 31.38 SAR, fair value 55.76 SAR, a gap of about +78% (undervalued). 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 4009?
No. The price is what the market pays today (31.38 SAR); the fair value is what the company's own numbers justify (55.76 SAR). For Middle East Healthcare Co CJSC the two are 24.38 SAR per share apart. That gap is exactly why we show both numbers side by side.
How much is Middle East Healthcare Co CJSC worth?
The market values Middle East Healthcare Co CJSC at about 2.9B SAR (market capitalisation, as of Sep 13, 2026). Per share that is 31.38 SAR; our models calculate a fair value of 55.76 SAR per share.
What do the bullish and bearish scenarios say about 4009?
Our models span a range for Middle East Healthcare Co CJSC: cautious scenario 40.98 SAR, base 55.76 SAR, optimistic 69.70 SAR per share (as of Sep 13, 2026, price 31.38 SAR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 4009?
Middle East Healthcare Co CJSC trades at a price-to-earnings ratio of 17.2 (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 55.76 SAR is built from several models across several years. Other multiples: P/B 0.4, P/S 0.2, EV/EBITDA 4.0.
How solid is the balance sheet of Middle East Healthcare Co CJSC (4009)?
Balance-sheet figures for Middle East Healthcare Co CJSC (as of Sep 13, 2026): return on equity 9.1%, debt of 0.85 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is 4009 from its 52-week high?
Middle East Healthcare Co CJSC trades at 31.38 SAR, about 47% below its 52-week high of 59.20 SAR and 11% above the low of 28.21 SAR (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of 55.76 SAR is for.
Which stocks are comparable to Middle East Healthcare Co CJSC?
From the same area (Healthcare) we also value HCA Healthcare, Inc, Fresenius SE, Dr. Sulaiman Al Habib Medical Services Group, IHH Healthcare Berhad, an investment holding company,, 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 Healthcare Co CJSC stock attractive at the current price?
The data as of Sep 13, 2026: price 31.38 SAR, calculated fair value 55.76 SAR (+78%), Quality Score 42/100, 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 4009 calculated?
We run Middle East Healthcare Co CJSC 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 55.76 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. Middle East Healthcare Co CJSC currently trades 78 % below its own fair value, and the market average says nothing about that. 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 Middle East Healthcare Co CJSC right now?
The large discount to fair value meets weak quality (42/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (40.98 SAR). The market is more pessimistic than our downside scenario.
Where does the earnings growth of Middle East Healthcare Co CJSC (4009) come from?
Earnings per share at Middle East Healthcare Co CJSC grew −3.8 % a year from 2014 to 2025. Broken into its drivers: revenue per share +7.4 %, EBIT margin −6.0 %, tax rate −0.8 %, residual (interest, one-offs) −3.9 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.

Key figures of Middle East Healthcare Co CJSC

How large is the market capitalisation of Middle East Healthcare Co CJSC (4009)?
The market capitalisation of Middle East Healthcare Co CJSC is 2.9B SAR (≈ $769M). 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 Healthcare Co CJSC (4009)?
The price-to-sales ratio of Middle East Healthcare Co CJSC is 1.68 (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 Healthcare Co CJSC (4009)?
Earnings per share at Middle East Healthcare Co CJSC are 1.82 SAR (price ÷ EPS = P/E 17.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Middle East Healthcare Co CJSC (4009)?
The dividend yield of Middle East Healthcare Co CJSC is 1.6% (payout 27.5%). 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 Healthcare Co CJSC (4009)?
The net margin of Middle East Healthcare Co CJSC is 9.7% (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 Healthcare Co CJSC (4009)?
The return on equity (ROE) of Middle East Healthcare Co CJSC is 9.1% (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 Healthcare Co CJSC (4009)?
On an EBIT basis the return on assets of Middle East Healthcare Co CJSC is 5.4% (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 Healthcare Co CJSC (4009)?
The operating margin of Middle East Healthcare Co CJSC is 10.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Middle East Healthcare Co CJSC (4009)?
Revenue at Middle East Healthcare Co CJSC is growing +4.3% versus a year earlier (3y avg +13.0%). 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 Healthcare Co CJSC (4009)?
Earnings per share at Middle East Healthcare Co CJSC are growing −84.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Middle East Healthcare Co CJSC (4009) generate?
The free cash flow of Middle East Healthcare Co CJSC is −99.8M 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 Healthcare Co CJSC (4009) carry?
The net debt of Middle East Healthcare Co CJSC is 2.5B 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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