The National Shipping Company (4030) Fair Value & Analysis
Industrials · SA · Market cap 28.8B SAR
Fair value as of: Jul 31, 2026
From 16 valuation models · updated today
Share price −2.5% over the past month.
What matters now
- The price is below even our cautious bear case (32.49 SAR). The market is more pessimistic than our downside scenario.
- Solid quality (49/100) at a price below fair value, the discount is the argument here, not the business quality.
Price vs Fair Value (12 months)
12‑month range 20.77 SAR – 35.86 SAR · fair‑value band 32.49 SAR – 55.99 SAR · the 31.10 SAR price screens below the 44.79 SAR fair value. As of Jul 31, 2026.
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The National Shipping Company (4030) currently trades at 31.10 SAR, while our model-based Fair Value estimate is 44.79 SAR, implying the stock looks roughly 44.0% undervalued today. We read business quality at 49/100 (below-average quality), in the Industrials 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, The National Shipping Company generated revenue of 13.1B SAR at a net margin of 30.8%. Revenue grew 129.1% year over year. It earns a return on equity of 25.2%. Net debt stands at 11.5B SAR. Fundamentals as of Jul 31, 2026
Our scenario range runs from 32.49 SAR (bear case) to 55.99 SAR (bull case); at 31.10 SAR, the current price sits below that range. The share trades about 19% below its 52-week high and 51% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 41% fair-value upside, at 44%, 4030 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
The National Shipping Company of Saudi Arabia, together with its subsidiaries, purchases, sells, and operates vessels for the transportation of cargo in the Kingdom of Saudi Arabia. It operates in four segments: Transportation of Oil; Transportation of Chemicals; Logistics; and Transportation of Dry Bulk.
Full company description
The National Shipping Company of Saudi Arabia, together with its subsidiaries, purchases, sells, and operates vessels for the transportation of cargo in the Kingdom of Saudi Arabia. It operates in four segments: Transportation of Oil; Transportation of Chemicals; Logistics; and Transportation of Dry Bulk. The company transports crude oil and petrochemical products; and provides technical ship management and logistics services. It also engages in agency activities for maritime shipping companies; cargo clearance; operating vessels for coordination for transport and storage on-board vessels; and other marine transport activities. As of December 31, 2025, its fleet consisted of 104 owned vessels and 9 vessels under lease contract, including 50 very large crude-oil carriers; 34 tankers in the spot market and 8 tankers under charter agreements for the chemical transportation sector; 6 RoCon vessels for the logistics sector; and 13 vessels for the dry bulk transportation sector. National Shipping Company of Saudi Arabia was founded in 1978 and is headquartered 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
The National Shipping Company reported revenue of 10.3B SAR in FY2025 versus 5.4B SAR in FY2021, a compound +17.9%/yr. Reported net income was 2.4B SAR in FY2025, compounding +88.5%/yr from FY2021.
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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 Marine Shipping stocks, each showing price versus our Fair Value estimate (as of Jul 31, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Adani Ports and Special Economic Zone Limited ADANIPORTS | ₹1,824 | ₹644.71 | -65% |
| A.P. Møller - Mærsk A/S MAERSKA | kr 15,620 | kr 5,990 | -62% |
| COSCO SHIPPING Holdings 601919 | ¥15.00 | ¥38.31 | +155% |
| Shanghai International Port (Group) Co 600018 | ¥5.04 | ¥3.75 | -26% |
| HMM Co 011200 | 18,380 KRW | 30,151 KRW | +64% |
| Evergreen Marine Corporation 2603 | 226.00 TWD | 503.27 TWD | +123% |
| SITC International Holdings 1308 | HK$31.38 | HK$6.44 | -79% |
| Orient Overseas (International) Limited 0316 | HK$122.00 | HK$35.18 | -71% |
| Ningbo Zhoushan Port Company 601018 | ¥3.40 | ¥5.20 | +53% |
| Qingdao Port International Co 601298 | ¥9.24 | ¥13.01 | +41% |
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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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