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Arriyadh Development Co (4150) Fair Value & Analysis

Real Estate · SA · Market cap 3.8B SAR

AD Arriyadh Development Co 4150 · SR
Price16.18 SAR
Fair Value12.25 SAR
Upside-24.3%
Quality45/100
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Healthy Growth
Highly profitable · 72.8% net margin
Low debt · generates free cash flow
Mixed vs. peers (8/14)
Wide moat 68/100
Evidence: High Range 11.22 SAR – 15.61 SAR Share as image

Fair value as of: Jul 31, 2026

From 16 valuation models · updated 10 days ago

Share price −9.6% over the past month.

Below-average quality, and screening another 24% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (15.61 SAR). The favourable scenario is already priced in.
  • Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

36.50 SAR 9.44 SAR Fair Value 12.25 SAR Jan 2020 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 31, 2026.

How to read this chart

60‑month range 9.44 SAR – 36.50 SAR · fair‑value band 11.22 SAR – 15.61 SAR · the 16.18 SAR price screens above the 12.25 SAR fair value. Dashed = 300-day average. As of Jul 31, 2026.

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Analysis

Arriyadh Development Co (4150) currently trades at 16.18 SAR, while our model-based Fair Value estimate is 12.25 SAR, implying the stock looks roughly 24.3% overvalued today. The Quality Score stands at 45/100 (below-average quality), in the Real Estate 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, Arriyadh Development Co generated revenue of 419M SAR at a net margin of 72.8%. Revenue grew 49.4% year over year. It earns a return on equity of 7.5%. Net debt stands at 18.2M SAR. Fundamentals as of Jul 31, 2026

Our scenario range runs from 11.22 SAR (bear case) to 15.61 SAR (bull case); at 16.18 SAR, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 52% below its 52-week high and 1% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -30% fair-value upside, at -24%, 4150 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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
Highest evidence
Growth DCF 8.16 SAR 12.73 SAR 19.58 SAR 80
Residual Income 14.18 SAR 14.89 SAR 15.80 SAR 76
Rev-Margin DCF 7.80 SAR 12.64 SAR 18.40 SAR 74
All 16 models by family
DCF Models
FCF DCF 8.11 SAR 12.82 SAR 20.00 SAR 38
5Y Revenue Exit 7.80 SAR 12.66 SAR 18.97 SAR 39
5Y EBITDA Exit 10.65 SAR 18.16 SAR 27.13 SAR 41
10Y Revenue Exit 7.60 SAR 12.06 SAR 18.26 SAR 36
10Y EBITDA Exit 9.63 SAR 15.84 SAR 24.51 SAR 37
Dividend Discount
Gordon GGM 4.34 SAR 8.65 SAR 13.10 SAR 70
DDM Multi-Stage 4.34 SAR 7.47 SAR 9.13 SAR 61
Multiples
P/S Multiple 8.01 SAR 10.68 SAR 13.34 SAR 58
P/B Multiple 16.14 SAR 21.52 SAR 26.90 SAR 55
EV/EBIT 14.27 SAR 18.98 SAR 23.69 SAR 53
EV/EBITDA 13.41 SAR 17.83 SAR 22.26 SAR 54
EV/Revenue 7.93 SAR 11.27 SAR 14.61 SAR 43
Asset-Based
NCAV (Graham) 8.82 SAR 11.82 SAR 17.64 SAR 50
Growth DCF
Growth DCF 8.16 SAR 12.73 SAR 19.58 SAR 80
Rev-Margin DCF 7.80 SAR 12.64 SAR 18.40 SAR 74
Economic Profit
Residual Income 14.18 SAR 14.89 SAR 15.80 SAR 76

Widest divergence: Multiples (17.83 SAR) versus Dividend Discount (7.47 SAR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 419M SAR
Revenue growth (YoY) +49.4%
Net margin 72.8%
Return on equity 7.5%
Free cash flow 167M SAR FY2025
P/E ratio 12.2
More key figures
Operating margin 35.8%
EPS (TTM) 1.32 SAR
EPS growth (YoY) +8.4%
Net debt 18.2M SAR FY2025

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

Quality Score breakdown

Overall quality 45/100

Of which business quality 47 · Market factors (momentum, volatility) 31

Profitability 39
Margins and returns on capital today
Quality Growth 27
Are margins and returns improving?
Cashflow 76
Earnings quality: real cash, not paper profit
Fin. Strength 76
Balance sheet, leverage, solvency risk
Investment 34
Disciplined investing over empire-building
Low Volatility 82
Calm price path (market factor)
Momentum 16
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

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

Arriyadh Development Co. leases and manages residential and non-residential properties in the Kingdom of Saudi Arabia. The company purchases, sells, manages, and leases land and real estate properties, as well as develops residential and commercial buildings.

Full company description

Arriyadh Development Co. leases and manages residential and non-residential properties in the Kingdom of Saudi Arabia. The company purchases, sells, manages, and leases land and real estate properties, as well as develops residential and commercial buildings. It also engages in wholesale and retail of new and used private cars, including ambulances, minibuses, and four-wheel drive vehicles. The company was founded in 1993 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

Arriyadh Development Co reported revenue of 384M SAR in FY2025 versus 251M SAR in FY2021, a compound +11.2%/yr. Reported net income was 296M SAR in FY2025, compounding −1.8%/yr from FY2021.

Growth Quality 86/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
384M SAR
Latest YoY
+19.5%
Avg. growth/yr (3Y) 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.
+14.1%
Avg. growth/yr (5Y) 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.
+10.1%
Avg. growth/yr (19Y) 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.
+6.8%
Revenue +11.2%/yr
FY21 251M SAR
FY22 259M SAR
FY23 339M SAR
FY24 322M SAR
FY25 384M SAR
Net income −1.8%/yr
FY21 318M SAR
FY22 300M SAR
FY23 272M SAR
FY24 296M SAR
FY25 296M SAR
Character of growth · EPS growth decomposed (2014-2025) +0.7 % p.a.
Revenue per share −7.4 pp

of which total revenue −6.5 pp · buybacks/dilution −0.9 pp

EBIT margin +0.9 pp
Tax rate −0.5 pp
Residual (interest, one-offs) +7.7 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

4150 screens 24% overvalued. Compare with Swiss Prime Site AG →

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Cite: Fair Value Calculator (2026). "Arriyadh Development Co Fair Value". https://www.fairvalue-calculator.com/stock/4150

Peer Group

Real Estate - Diversified · 137 stocks

How 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.

Quality Score 44 · Below median
Fair Value upside −24% · Below median
Return on equity (TTM) 7% · Above median
Return on assets 3% · Top 25%
Net margin (TTM) 73% · Top 25%
Operating margin (TTM) 36% · Above median
Revenue growth 49% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Real Estate - Diversified median · lower = cheaper

P/E (TTM) 12.2× · Pricier than median
P/B 0.24× · Cheaper than median
P/S (TTM) 2.40× · Pricier than median
P/FCF 6.0× · Pricier than median
EV/EBITDA 4.0× · Cheaper than 75% of peers

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 1 · sector 46
FUTURE 100 · sector 32
PAST 30 · sector 17
HEALTH 100 · sector 75
DIVIDEND 0 · sector 45

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.

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

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Frequently asked questions

Is Arriyadh Development Co (4150) overvalued or undervalued?
As of Jul 31, 2026, our model estimates a fair value of 12.25 SAR versus a price of 16.18 SAR, about −24% (overvalued).
What is the fair value of 4150?
Our model-based fair value for Arriyadh Development Co is 12.25 SAR (as of Jul 31, 2026), built from audited fundamentals. The current price is 16.18 SAR.
What is the quality score of 4150?
Arriyadh Development Co has a Quality Score of 45/100. 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 revenue of Arriyadh Development Co (4150)?
Arriyadh Development Co reported trailing-twelve-month revenue of about 419M SAR (latest available figure, as of Jul 31, 2026).
What is the net profit margin of 4150?
The net profit margin of Arriyadh Development Co is about 72.8%, meaning it keeps roughly 72.8% 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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