Emaar The Economic City (4220) Fair Value & Analysis
Real Estate · SA · Market cap 8.3B SAR
Fair value as of: Jul 31, 2026
From 2 valuation models · updated today
Share price −5.8% over the past month.
What matters now
- Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts.
- A fairly wide model range (5.29 SAR to 10.59 SAR) leaves room in how you read the outcome.
- Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
- As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Price vs Fair Value (12 months)
12‑month range 8.35 SAR – 14.09 SAR · fair‑value band 5.29 SAR – 10.59 SAR · the 9.40 SAR price screens above the 7.09 SAR fair value. As of Jul 31, 2026.
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Emaar The Economic City (4220) currently trades at 9.40 SAR, while our model-based Fair Value estimate is 7.09 SAR, implying the stock looks roughly 24.6% overvalued today. We read business quality at 41/100 (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: low).
Over the trailing twelve months, Emaar The Economic City generated revenue of 1.1B SAR at a net margin of -6.1%. Revenue declined 22.8% year over year. It earns a return on equity of -0.9%. Net debt stands at 4.1B SAR. Fundamentals as of Jul 31, 2026
Our scenario range runs from 5.29 SAR (bear case) to 10.59 SAR (bull case); at 9.40 SAR, the current price sits within that range. The share trades about 33% below its 52-week high and 18% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 21% fair-value upside, at -25%, 4220 screens richer 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
Emaar The Economic City engages in the development of real estate properties in the economic or other zones in the Kingdom of Saudi Arabia. It operates in five segments: Residential Business, Industrial Development, Hospitality and Leisure, Education Services, and City Operations. The company primarily develops the King Abdullah Economic City.
Full company description
Emaar The Economic City engages in the development of real estate properties in the economic or other zones in the Kingdom of Saudi Arabia. It operates in five segments: Residential Business, Industrial Development, Hospitality and Leisure, Education Services, and City Operations. The company primarily develops the King Abdullah Economic City. It also develops infrastructure; promotes, markets, and sells land within development areas; transfers/leases land; develops buildings/housing units; and constructs properties on behalf of other parties. In addition, the company sells/leases land, and units for residential and commercial purpose; and operates schools and colleges, hotels, resorts, other leisure clubs, and technical institutions, as well as utilities and other city management services. Further, it owns, purchase, sale, investment, development, and markets real estate properties. The company was incorporated in 2006 and is based in King Abdullah Economic City, the Kingdom of Saudi Arabia.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Emaar The Economic City reported revenue of 1.1B SAR in FY2025 versus 372M SAR in FY2021, a compound +32.2%/yr. Reported net income was −9.0M SAR in FY2025.
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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 Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Jul 31, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Vinhomes Joint Stock Company VHM | 146,800 VND | 148,549 VND | +1% |
| DLF Limited DLF | ₹563.20 | ₹215.17 | -62% |
| Lodha Developers Limited LODHA | ₹926.65 | ₹774.29 | -16% |
| PT Pantai Indah Kapuk Dua Tbk, PANI | 6,675 IDR | 1,330 IDR | -80% |
| Oberoi Realty Limited OBEROIRLTY | ₹1,633 | ₹1,368 | -16% |
| Godrej Properties Limited GODREJPROP | ₹1,708 | ₹2,070 | +21% |
| PT Jaya Real Property, Tbk., JRPT | 1,080 IDR | 2,454 IDR | +127% |
| PT Bumi Serpong Damai Tbk, BSDE | 595.00 IDR | 1,363 IDR | +129% |
| PT Sentul City Tbk, BKSL | 64.00 IDR | 160.00 IDR | +150% |
| PT Ciputra Development Tbk, CTRA | 575.00 IDR | 1,438 IDR | +150% |
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Frequently asked questions
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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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