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Saudi Real Estate Company (4020) Fair Value & Analysis

Real Estate · SA · Market cap 5.9B SAR

SR Saudi Real Estate Company 4020 · SR
Price15.94 SAR
Fair Value17.32 SAR
Upside+8.7%
Quality60/100
Mixed Growth
Highly profitable · 39.0% net margin
Low debt · generates free cash flow
Ranks above peers (10/13)
Narrow moat 43/100
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Evidence: High Range 11.11 SAR – 23.54 SAR Share as image

Fair value as of: Jul 31, 2026

From 24 valuation models · updated today

Share price +2.0% over the past month.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (11.11 SAR to 23.54 SAR) leaves room in how you read the outcome.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.

Price vs Fair Value (12 months)

18.96 SAR 12.32 SAR Fair Value 17.32 SAR Aug 2025 Jul 2026

12‑month range 12.32 SAR – 18.96 SAR · fair‑value band 11.11 SAR – 23.54 SAR · the 15.94 SAR price screens below the 17.32 SAR fair value. As of Jul 31, 2026.

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Analysis

Saudi Real Estate Company (4020) currently trades at 15.94 SAR, while our model-based Fair Value estimate is 17.32 SAR, implying the stock looks roughly 8.7% fairly valued today. We read business quality at 60/100 (solid quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Saudi Real Estate Company generated revenue of 1.6B SAR at a net margin of 39.0%. Revenue declined 48.6% year over year. It earns a return on equity of 13.3%. Net debt stands at 1.3B SAR. Fundamentals as of Jul 31, 2026

Our scenario range runs from 11.11 SAR (bear case) to 23.54 SAR (bull case); at 15.94 SAR, the current price sits within that range. The share trades about 19% below its 52-week high and 30% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 25% fair-value upside, at 9%, 4020 screens richer than that median.

Key figures & financial health

Revenue (TTM) 1.6B SAR
Revenue growth (YoY) -48.6%
Net margin 39.0%
Return on equity 13.3%
Free cash flow 952M SAR FY2025
P/E ratio 9.3
More key figures
Operating margin -11.6%
EPS (TTM) 1.70 SAR
EPS growth (YoY) +252%
Net debt 1.3B SAR FY2025

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

Quality Score breakdown

Overall quality 60/100
Profitability 31
Quality Growth 61
Cashflow 100
Fin. Strength 57
Investment 89
Low Volatility 81
Momentum 42
52W Momentum 34
Net Issuance 56

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

Saudi Real Estate Company, together with its subsidiaries, operates as a real estate development company in Saudi Arabia. It operates through Rental sector, Property Sales Sector, Infrastructure Projects Sector, Construction Projects Sector, and Facility management sector segments.

Full company description

Saudi Real Estate Company, together with its subsidiaries, operates as a real estate development company in Saudi Arabia. It operates through Rental sector, Property Sales Sector, Infrastructure Projects Sector, Construction Projects Sector, and Facility management sector segments. The company engages in the acquiring, developing, leasing, and selling of buildable land, constructing residential, and commercial buildings; purchasing, producing, selling, and leasing materials and equipment; and provision of project management and real estate brokerage services. It is also involved in the construction of roads, bridges, tunnels, and construction, extension, cleaning, maintenance, and operation of water, sewerage, and stormwater networks, drainage networks; as well as creation and extension of electric power distribution networks and gas networks and stations.In addition, it engages in the purchase, sale, and lease of land and real estate; development and real estate investment activities; and construction of residential and non-residential buildings, shopping centers, hospitals, entertainment venues, and commercial spaces. Saudi Real Estate Company was founded in 1976 and is headquartered in Riyadh, Saudi Arabia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Saudi Real Estate Company reported revenue of 1.9B SAR in FY2025 versus 1.0B SAR in FY2021, a compound +16.3%/yr. Reported net income was 296M SAR in FY2025, compounding +38.5%/yr from FY2021.

Revenue +16.3%/yr
FY21 1.0B SAR
FY22 2.1B SAR
FY23 1.8B SAR
FY24 2.0B SAR
FY25 1.9B SAR
Net income +38.5%/yr
FY21 80.5M SAR
FY22 111M SAR
FY23 67.6M SAR
FY24 215M SAR
FY25 296M SAR

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Cite: Fair Value Calculator (2026). "Saudi Real Estate Company Fair Value". https://www.fairvalue-calculator.com/stock/4020

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 45 / 39
FUTURE 0 / 10
PAST 53 / 16
HEALTH 76 / 85
DIVIDEND 0 / 50

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 Real Estate Services stocks, each showing price versus our Fair Value estimate (as of Jul 31, 2026).

Stock Price Fair Value vs Fair Value
Vingroup Joint Stock Company VIC 219,800 VND 33,299 VND -85%
KE Holdings 2423 HK$38.90 HK$17.91 -54%
Swire Properties Limited 1972 HK$20.40 HK$18.75 -8%
Plaza S.A MALLPLAZA 3,830 CLP 5,905 CLP +54%
SAGAA SAGAA kr 147.00 kr 108.52 -26%
PT Solusi Tunas Pratama Tbk SUPR 43,850 IDR 14,357 IDR -67%
Cencosud Shopping S.A CENCOMALLS 2,420 CLP 3,226 CLP +33%
PT Sarana Menara Nusantara Tbk. owns and TOWR 330.00 IDR 780.11 IDR +136%
PT Metropolitan Kentjana Tbk MKPI 22,025 IDR 29,404 IDR +34%
PT Bangun Kosambi Sukses Tbk, CBDK 3,590 IDR 4,486 IDR +25%

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Frequently asked questions

Is Saudi Real Estate Company (4020) overvalued or undervalued?
As of Jul 31, 2026, our model estimates a fair value of 17.32 SAR versus a price of 15.94 SAR, about +9% (fairly valued).
What is the fair value of 4020?
Our model-based fair value for Saudi Real Estate Company is 17.32 SAR (as of Jul 31, 2026), built from audited fundamentals. The current price is 15.94 SAR.
What is the quality score of 4020?
Saudi Real Estate Company has a Quality Score of 60/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Saudi Real Estate Company (4020)?
Saudi Real Estate Company reported trailing-twelve-month revenue of about 1.6B SAR (latest available figure, as of Jul 31, 2026).
What is the net profit margin of 4020?
The net profit margin of Saudi Real Estate Company is about 39.0%, meaning it keeps roughly 39.0% 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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