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BinDawood Holding (4161) Fair Value & Analysis

Consumer Defensive · SA · Market cap 5.3B SAR

BH BinDawood Holding 4161 · SR
Price4.63 SAR
Fair Value4.01 SAR
Upside-13.4%
Quality62/100
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Healthy Growth
Thin margins · 4.2% net margin
Low debt · generates free cash flow
2.64% dividend yield
Ranks above peers (12/14)
Moderate moat 45/100
Evidence: High Range 3.01 SAR – 5.02 SAR Share as image

Fair value as of: Jul 31, 2026

From 26 valuation models · updated 10 days ago

Share price −5.1% over the past month.

A solid business, but screening 13% overvalued on our models.

What matters now

  • Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.
  • Our model range runs from 3.01 SAR (bear) to 5.02 SAR (bull), base 4.01 SAR. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 62/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

9.47 SAR 4.10 SAR Fair Value 4.01 SAR Apr 2021 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 4.10 SAR – 9.47 SAR · fair‑value band 3.01 SAR – 5.02 SAR · the 4.63 SAR price screens above the 4.01 SAR fair value. Dashed = 300-day average. As of Jul 31, 2026.

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Analysis

BinDawood Holding (4161) currently trades at 4.63 SAR, while our model-based Fair Value estimate is 4.01 SAR, implying the stock looks roughly 13.4% overvalued today. The Quality Score stands at 62/100 (solid quality), in the Consumer Defensive 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, BinDawood Holding generated revenue of 6.5B SAR at a net margin of 4.2%. Revenue grew 8.2% year over year. It earns a return on equity of 17.4%. Net debt stands at 2.5B SAR. Fundamentals as of Jul 31, 2026

Our scenario range runs from 3.01 SAR (bear case) to 5.02 SAR (bull case); at 4.63 SAR, the current price sits within 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 21% below its 52-week high and 14% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -31% fair-value upside, at -13%, 4161 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 4.96 SAR 7.05 SAR 9.88 SAR 80
Residual Income 1.47 SAR 1.85 SAR 4.39 SAR 76
Rev-Margin DCF 3.72 SAR 5.53 SAR 7.58 SAR 74
All 26 models by family
DCF Models
FCF DCF 4.88 SAR 7.22 SAR 10.58 SAR 38
Owner Earnings 6.05 SAR 8.96 SAR 13.15 SAR 31
5Y Revenue Exit 3.72 SAR 5.48 SAR 7.67 SAR 39
5Y EBITDA Exit 6.19 SAR 10.03 SAR 14.45 SAR 41
5Y P/E Exit 3.94 SAR 5.89 SAR 7.88 SAR 38
10Y Revenue Exit 4.02 SAR 5.69 SAR 7.82 SAR 36
10Y EBITDA Exit 5.64 SAR 8.76 SAR 12.82 SAR 37
10Y P/E Exit 4.25 SAR 5.97 SAR 7.98 SAR 35
Earnings-Based
Graham-Dodd 1.61 SAR 4.64 SAR 6.12 SAR 54
Lynch FV 0.9600 SAR 1.37 SAR 1.78 SAR 50
PEG = 1.0 0.9600 SAR 1.37 SAR 1.78 SAR 46
EPV 2.90 SAR 3.34 SAR 3.72 SAR 59
Dividend Discount
Gordon GGM 1.23 SAR 2.45 SAR 3.70 SAR 70
DDM Multi-Stage 1.23 SAR 1.93 SAR 2.58 SAR 61
Multiples
P/E Multiple 3.72 SAR 4.96 SAR 6.20 SAR 63
P/S Multiple 3.01 SAR 4.01 SAR 5.02 SAR 58
P/B Multiple 3.01 SAR 4.01 SAR 5.02 SAR 55
EV/EBIT 4.46 SAR 5.91 SAR 7.35 SAR 53
EV/EBITDA 7.84 SAR 10.41 SAR 12.99 SAR 54
EV/Revenue 3.21 SAR 4.54 SAR 5.87 SAR 43
Asset-Based
NCAV (Graham) 0.6700 SAR 0.9000 SAR 1.34 SAR 50
Growth DCF
Growth DCF 4.96 SAR 7.05 SAR 9.88 SAR 80
Rev-Margin DCF 3.72 SAR 5.53 SAR 7.58 SAR 74
Economic Profit
Residual Income 1.47 SAR 1.85 SAR 4.39 SAR 76
ROIC Compounder 3.06 SAR 3.75 SAR 4.50 SAR 72
Growth Earnings
Growth-Adj P/E 3.00 SAR 4.28 SAR 5.57 SAR 68

Widest divergence: DCF Models (5.97 SAR) versus Asset-Based (0.9000 SAR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 6.5B SAR
Revenue growth (YoY) +8.2%
Net margin 4.2%
Return on equity 17.4%
Free cash flow 515M SAR FY2025
P/E ratio 19.3
More key figures
Operating margin 6.1%
EPS (TTM) 0.2400 SAR
Dividend yield 2.6%
EPS growth (YoY) +2.9%
Net debt 2.5B SAR FY2025

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

Quality Score breakdown

Overall quality 62/100

Of which business quality 61 · Market factors (momentum, volatility) 44

Profitability 55
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 65
Earnings quality: real cash, not paper profit
Fin. Strength 43
Balance sheet, leverage, solvency risk
Investment 78
Disciplined investing over empire-building
Low Volatility 86
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 22
Distance to the 52-week high (market factor)
Net Issuance 92
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

BinDawood Holding Company operates hypermarkets and supermarkets in Qatar, and the Kingdom of Saudi Arabia. The company provides loyalty management; information technology and communication; delivery, storage and transportation services; warehouse storage management and rental; and market influencing and digital marketing services.

Full company description

BinDawood Holding Company operates hypermarkets and supermarkets in Qatar, and the Kingdom of Saudi Arabia. The company provides loyalty management; information technology and communication; delivery, storage and transportation services; warehouse storage management and rental; and market influencing and digital marketing services. It engages in the wholesale, retail, and distribution of luggage bags, food, toys, foodstuff, and household items; online sale of groceries; operation of pharmacies; wholesale and retail trade in pharmaceutical products and cosmetics; scientific office activities; packaging of pharmaceutical products; operation of bakeries and restaurants; and acquiring and managing of investments. The company recently expanded its operations to Qatar under the BinDawood brand name. BinDawood Holding Company was founded in 1984 and is headquartered in Jeddah, the Kingdom of Saudi Arabia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

BinDawood Holding reported revenue of 6.3B SAR in FY2025 versus 4.4B SAR in FY2021, a compound +9.7%/yr. Reported net income was 270M SAR in FY2025, compounding +2.9%/yr from FY2021.

Growth Quality 72/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
6.3B SAR
Latest YoY
+11.8%
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.
+9.0%
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.
+4.2%
Avg. growth/yr (9Y) 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.
+3.9%
Revenue +9.7%/yr
FY21 4.4B SAR
FY22 4.9B SAR
FY23 5.6B SAR
FY24 5.7B SAR
FY25 6.3B SAR
Net income +2.9%/yr
FY21 241M SAR
FY22 119M SAR
FY23 277M SAR
FY24 272M SAR
FY25 270M SAR

4161 screens 13% overvalued. Compare with Loblaw Companies Limited →

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Cite: Fair Value Calculator (2026). "BinDawood Holding Fair Value". https://www.fairvalue-calculator.com/stock/4161

Peer Group

Grocery Stores · 83 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 62 · Above median
Fair Value upside −13% · Below median
Return on equity (TTM) 17% · Above median
Return on assets 4% · Above median
Net margin (TTM) 4% · Top 25%
Operating margin (TTM) 6% · Above median
Revenue growth 8% · Top 25%
Dividend yield (TTM) 2.6% · Above median
Debt / equity 0.11× · Lower than median

Valuation Multiples vs Grocery Stores median · lower = cheaper

P/E (TTM) 19.3× · Pricier than median
P/B 0.92× · Cheaper than 75% of peers
P/S (TTM) 0.22× · Cheaper than median
P/FCF 2.7× · Cheaper than median
EV/EBITDA 2.2× · 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 15 · sector 36
FUTURE 41 · sector 17
PAST 70 · sector 51
HEALTH 95 · sector 92
DIVIDEND 53 · sector 48

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 Grocery Stores stocks, each showing price versus our Fair Value estimate (as of Jul 31, 2026).

Stock Price Fair Value vs Fair Value
Loblaw Companies Limited L C$65.49 C$44.44 -32%
Koninklijke Ahold Delhaize N.V AD €36.30 €53.50 +47%
The Kroger Co KR $58.82 $28.19 -52%
Woolworths Group WOW A$39.20 A$13.40 -66%
George Weston Limited WN C$100.98 C$63.61 -37%
Coles Group COL A$23.56 A$15.86 -33%
Metro Inc MRU C$93.64 C$94.01 +0%
Carrefour SA CA €16.40 €11.51 -30%
CP ALL Public Company TCPD 1.89 SGD 2.36 SGD +25%
BIM Birlesik Magazalar A.S., BIMAS 385.75 TRY 267.12 TRY -31%

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Frequently asked questions

Is BinDawood Holding (4161) overvalued or undervalued?
As of Jul 31, 2026, our model estimates a fair value of 4.01 SAR versus a price of 4.63 SAR, about −13% (overvalued).
What is the fair value of 4161?
Our model-based fair value for BinDawood Holding is 4.01 SAR (as of Jul 31, 2026), built from audited fundamentals. The current price is 4.63 SAR.
What is the quality score of 4161?
BinDawood Holding has a Quality Score of 62/100. 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 BinDawood Holding (4161)?
BinDawood Holding reported trailing-twelve-month revenue of about 6.5B SAR (latest available figure, as of Jul 31, 2026).
What is the net profit margin of 4161?
The net profit margin of BinDawood Holding is about 4.2%, meaning it keeps roughly 4.2% of revenue as net income. Based on the latest reported figures.
Does BinDawood Holding pay a dividend?
BinDawood Holding currently shows a dividend yield of about 2.64% relative to its recent price (as of Jul 31, 2026).

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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