Red Sea International Company (4230) Fair Value & Analysis

Real Estate · SA · Market cap 1.1B SAR

What matters now

• The large discount to fair value meets weak quality (26/100). That raises the risk this is a value trap rather than a bargain.
• The price is below even our cautious bear case (41.91 SAR). The market is more pessimistic than our downside scenario.
• 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 20.19 SAR – 46.44 SAR · fair‑value band 41.91 SAR – 57.93 SAR · the 23.17 SAR price screens below the 57.93 SAR fair value. As of Jul 31, 2026.

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Analysis

Red Sea International Company (4230) currently trades at 23.17 SAR, while our model-based Fair Value estimate is 57.93 SAR, implying the stock looks roughly 150.0% undervalued today. We read business quality at 26/100 (below-average quality), in the Real Estate 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: medium), always confirm before acting.

Over the trailing twelve months, Red Sea International Company generated revenue of 3.3B SAR at a net margin of -1.3%. Revenue declined 9.9% year over year. It earns a return on equity of -4.7%. Net debt stands at 340M SAR. Fundamentals as of Jul 31, 2026

Our scenario range runs from 41.91 SAR (bear case) to 57.93 SAR (bull case); at 23.17 SAR, the current price sits below that range. The share trades about 53% below its 52-week high and 20% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -8% fair-value upside, at 150%, 4230 screens cheaper than that median.

Key figures & financial health

Quality Score breakdown

About the company

Red Sea International Company, together with its subsidiaries, purchases, develops, sells, and leases lands and real estate properties in the Kingdom of Saudi Arabia, the United Arab Emirates, and internationally.

Full company description

Red Sea International Company, together with its subsidiaries, purchases, develops, sells, and leases lands and real estate properties in the Kingdom of Saudi Arabia, the United Arab Emirates, and internationally. The company operates through three segments: General Construction; Nonconcrete Residential and Commercial Buildings; and Facility Management and Rental of Investment Properties. It manufactures modular buildings, including retail, hospitality, education, health, commercial, and residential buildings; designs, plans, produces, manages, leases, and operates housing projects; offers on-site facilities management services, such as catering, security, and laundry; and produces and distributes paint and coating products. The company also designs and manufactures in-house service utilities comprising power generator and fire suppression acoustic enclosures, water and sewage treatment plants, fuel and water storage tanks, electrical panels, cabling, water supply, and drainage piping. In addition, it provides engineering and design; camp operations and maintenance; power generation; communication services; infrastructural works; furnishing; hospitality and catering; laundry and pressing; project logistics; multiple contracting and commercial models; and turnkey solutions. Further, the company is involved in electrical, utilities, and civil works; lighting; fiber optic; information technology; maintenance and repair of electrical installations, as well as telephone networks; manufacturing and sale of non-concrete residential and commercial units; and trade of food products. It serves the oil and gas, infrastructure, government, building and construction, mining, defense, offshore, and manufacturing sectors. The company was founded in 1967 and is based in Riyadh, the Kingdom of Saudi Arabia. Red Sea International Company operates as a subsidiary of Al Dabbagh Group Holding Company Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Red Sea International Company reported revenue of 3.4B SAR in FY2025 versus 468M SAR in FY2021, a compound +63.9%/yr. Reported net income was −55.0M 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.

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Frequently asked questions

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.