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Tourism Enterprise Company (4170) Fair Value & Analysis

Consumer Cyclical · SA · Market cap 867M SAR

TE Tourism Enterprise Company 4170 · SR
Price15.05 SAR
Fair Value3.81 SAR
Upside-74.7%
Quality36/100
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Weak Growth
Loss-making · -176.2% net margin
negative free cash flow
Trails peers (2/9)
Narrow moat 16/100
Evidence: Low Range 2.51 SAR – 4.76 SAR Share as image

Fair value as of: Jul 31, 2026

From 1 valuation models · updated 10 days ago

Share price −14.0% over the past month.

Below-average quality, and screening another 75% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (4.76 SAR). The favourable scenario is already priced in.
  • Weak quality (36/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (2.51 SAR to 4.76 SAR) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

36.32 SAR 4.83 SAR Fair Value 3.81 SAR Mar 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 4.83 SAR – 36.32 SAR · fair‑value band 2.51 SAR – 4.76 SAR · the 15.05 SAR price screens above the 3.81 SAR fair value. Dashed = 300-day average. As of Jul 31, 2026.

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Analysis

Tourism Enterprise Company (4170) currently trades at 15.05 SAR, while our model-based Fair Value estimate is 3.81 SAR, implying the stock looks roughly 74.7% overvalued today. The Quality Score stands at 36/100 (below-average quality), in the Consumer Cyclical 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: low).

Trailing-twelve-month revenue stands at 9.5M SAR. Revenue grew 11.7% year over year. It earns a return on equity of -3.4%. The balance sheet holds a net cash position of 255M SAR. Fundamentals as of Jul 31, 2026

Our scenario range runs from 2.51 SAR (bear case) to 4.76 SAR (bull case); at 15.05 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 30% below its 52-week high and 43% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 11% fair-value upside, at -75%, 4170 screens richer 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
NCAV (Graham) 4.20 SAR 5.62 SAR 8.39 SAR 50
All 1 models by family
Asset-Based
NCAV (Graham) 4.20 SAR 5.62 SAR 8.39 SAR 50

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Key figures & financial health

Revenue (TTM) 9.5M SAR
Revenue growth (YoY) +11.7%
Net margin -176%
Return on equity -3.4%
Free cash flow −5.9M SAR FY2025
Operating margin -157%
More key figures
EPS (TTM) -0.2900 SAR
EPS growth (YoY) -88.0%
Net cash 255M SAR FY2024

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

Quality Score breakdown

Overall quality 36/100

Of which business quality 38 · Market factors (momentum, volatility) 44

Profitability 4
Margins and returns on capital today
Quality Growth 13
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 81
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 26
Distance to the 52-week high (market factor)
Net Issuance 44
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

Tourism Enterprise Company (Shams) engages in managing of tourism projects in the Kingdom of Saudi Arabia. The company manages hotels, furnished residential units, chalets, tourist inns, resorts, wedding halls, and events. It also manages camps, restaurants, coffee shops, cafeterias, and tourist accommodation facilities.

Full company description

Tourism Enterprise Company (Shams) engages in managing of tourism projects in the Kingdom of Saudi Arabia. The company manages hotels, furnished residential units, chalets, tourist inns, resorts, wedding halls, and events. It also manages camps, restaurants, coffee shops, cafeterias, and tourist accommodation facilities. In addition, the company operates entertainment centers and facilities, amusement parks, and other entertainment centers, as well as rent bicycles. Further, it is involved in organization of recreational activities and operation of entertainment facilities. Additionally, It owns and operates the Palm Beach Resort. The company was founded in 1991 and is based in Dammam, the Kingdom of Saudi Arabia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Tourism Enterprise Company reported revenue of 9.3M SAR in FY2025 versus 16.0M SAR in FY2021, a compound −12.6%/yr. Reported net income was −11.5M SAR in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
9.3M SAR
Latest YoY
−6.4%
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.
−2.8%
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.
−10.3%
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.
−0.6%
Revenue −12.6%/yr
FY21 16.0M SAR
FY22 10.2M SAR
FY23 9.6M SAR
FY24 10.0M SAR
FY25 9.3M SAR
Net income
FY21 −14.0M SAR
FY22 −7.2M SAR
FY23 −44.2M SAR
FY24 6.4M SAR
FY25 −11.5M SAR

4170 screens 75% overvalued. Compare with Las Vegas Sands Corp →

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Cite: Fair Value Calculator (2026). "Tourism Enterprise Company Fair Value". https://www.fairvalue-calculator.com/stock/4170

Peer Group

Resorts & Casinos · 76 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 38 · Bottom 25%
Fair Value upside −75% · Bottom 25%
Return on assets -2% · Bottom 25%
Net margin (TTM) -176% · Bottom 25%
Operating margin (TTM) -157% · Bottom 25%
Revenue growth 12% · Above median

Valuation Multiples vs Resorts & Casinos median · lower = cheaper

P/B 0.48× · Cheaper than median
P/S (TTM) 24.31× · Pricier 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 0 · sector 18
FUTURE 59 · sector 33
PAST 0 · sector 19
HEALTH 0 · sector 84
DIVIDEND 0 · sector 52

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Gambling

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Resorts & Casinos stocks, each showing price versus our Fair Value estimate (as of Jul 31, 2026).

Stock Price Fair Value vs Fair Value
Las Vegas Sands Corp LVS $44.79 $52.27 +17%
Galaxy Entertainment Group 0027 HK$34.20 HK$41.44 +21%
Sands China Ltd 1928 HK$13.08 HK$2.05 -84%
MGM Resorts International, through its subsidiaries, MGM $46.13 $13.70 -70%
Wynn Resorts, Limited WYNN $97.05 $69.39 -29%
Red Rock Resorts, Inc RRR $64.75 $17.09 -74%
Boyd Gaming Corporation BYD $87.64 $151.24 +73%
Caesars Entertainment, Inc CZR $29.91 $80.92 +171%
Genting Singapore Limited G13 0.6200 SGD 0.6900 SGD +11%
Vail Resorts, Inc MTN $150.14 $125.02 -17%

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Frequently asked questions

Is Tourism Enterprise Company (4170) overvalued or undervalued?
As of Jul 31, 2026, our model estimates a fair value of 3.81 SAR versus a price of 15.05 SAR, about −75% (overvalued).
What is the fair value of 4170?
Our model-based fair value for Tourism Enterprise Company is 3.81 SAR (as of Jul 31, 2026), built from audited fundamentals. The current price is 15.05 SAR.
What is the quality score of 4170?
Tourism Enterprise Company has a Quality Score of 36/100. 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 Tourism Enterprise Company (4170)?
Tourism Enterprise Company reported trailing-twelve-month revenue of about 9.5M SAR (latest available figure, as of Jul 31, 2026).
What is the net profit margin of 4170?
The net profit margin of Tourism Enterprise Company is about -176.2%, meaning it is currently running at a net loss. 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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