Dar Alarkan Real Estate Development (4300) fair value: what the stock is really worth
As of Oct 28, 2026: fair value (intrinsic value) of Dar Alarkan Real Estate Development stock SAR 17.85, price SAR 18.04, upside -1.1%, quality 57 out of 100. Rating: fairly valued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 29, 2026.
How to read this chart
60‑month range 8.71 SAR – 23.60 SAR · fair‑value band 11.60 SAR – 22.31 SAR · the 18.04 SAR price screens above the 17.85 SAR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Oct 29, 2026.
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Dar Al Arkan Real Estate Development Company, together with its subsidiaries, primarily engages in the development, management, lease, and sale of real estate projects and associated activities in the Kingdom of Saudi Arabia.
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It is involved in the management, operation, and maintenance of residential and commercial buildings, as well as public facilities; purchase of land and general contracting; real estate investments; and leasing and property management.
The company was founded in 1994 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.
Stock analysis
Dar Alarkan Real Estate Development (4300) currently trades at 18.04 SAR, while our model-based Fair Value estimate is 17.85 SAR, so the stock looks roughly fairly valued today (gap 1.1%).
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Valuation
Bull case: the Multiples group reads highest at a median of 17.85 SAR per share, and 2 of the 7 models we run sit above the 18.04 SAR price.
Bear case: the Asset-Based group reads lowest at 13.79 SAR, and 5 of the 7 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 11.60 SAR (bear) to 22.31 SAR (bull), the price of 18.04 SAR sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 57/100 (solid quality), in the Real Estate sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Dar Alarkan Real Estate Development reported revenue of 3.9B SAR in FY2025 versus 2.5B SAR in FY2021, a compound +11.8%/yr. Reported net income was 1.1B SAR in FY2025, compounding +71.0%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 19.5B SAR (≈ $5.2B) Mid · P/E ratio 16.4 · P/S ratio 4.37 · EPS (TTM) 1.10 SAR · Net margin 26.6% · Return on equity 5.4% · Return on assets (EBIT) 2.4% · Operating margin 40.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 56 out of 100 (medium confidence).
What moves the price
The share trades about 15% below its 52-week high and 21% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −11% fair-value upside, at −1%, 4300 screens cheaper than that median.
Fair Value models
Bear11.60 SARFair Value 17.85 SARBull22.31 SAR
Price 18.04 SAR · Upside -1.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (0.9101 SAR per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+3.7%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−0.2%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+14.9%
Start year 2020 (pandemic). Over 10 years: +5.8% a year
Revenue growth 19 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−0.6%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
≈ +82.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ +82.6%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.base effect: 53.6% / 12.2%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.1% → 41%
2025 sits 86% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
⚠ Base effect: the rate starts in the earnings trough around 2020 (starting value 0.12 per share, median 0.40 in 2015 to 2018). It measures the recovery from the trough, not lasting growth.
Compare Dar Alarkan Real Estate Development with another stock
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Peer Groupⓘ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.Real Estate - Development · 578 stocks
Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score57 · Top 25%
Fair Value upside−1.1% · Below median
Profitability
Return on equity (12 months)5.4% · Above median
Return on assets2.7% · Above median
Net margin (12 months)26.6% · Top 25%
Operating margin (12 months)40.9% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)38.5% · Top 25%
Balance sheet
Debt / equity0.58× · Above median
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Dar Alarkan Real Estate Development Fair Value". https://www.fairvalue-calculator.com/stock/4300
Frequently asked questions
Is Dar Alarkan Real Estate Development (4300) overvalued or undervalued?
As of Oct 29, 2026, our model estimates a fair value of 17.85 SAR versus a price of 18.04 SAR, about −1% upside (fairly valued).
What is the fair value of 4300?
Our model-based fair value for Dar Alarkan Real Estate Development is 17.85 SAR (as of Oct 29, 2026), built from audited fundamentals. The current price: 18.04 SAR.
What is the quality score of 4300?
Dar Alarkan Real Estate Development has a Quality Score of 57/100. 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 price target for Dar Alarkan Real Estate Development (4300)?
Our model-based price target is the fair value of 17.85 SAR (as of Oct 29, 2026) from 7 valuation models. Cautious scenario 11.60 SAR, optimistic scenario 22.31 SAR. It is a calculation from audited fundamentals, not an analyst target.
What is the Dar Alarkan Real Estate Development stock forecast for 2026?
Our models put fair value at 17.85 SAR, about −1% upside versus a price of 18.04 SAR (fairly valued). Cautious scenario 11.60 SAR, optimistic scenario 22.31 SAR. The calculation is refreshed regularly with new filings.
What is the revenue of Dar Alarkan Real Estate Development (4300)?
Dar Alarkan Real Estate Development reported trailing-twelve-month revenue of about 4.5B SAR (latest available figure, as of Oct 29, 2026).
What is the intrinsic value of Dar Alarkan Real Estate Development (4300)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Dar Alarkan Real Estate Development it is 17.85 SAR per share (as of Oct 29, 2026), against a price of 18.04 SAR. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is Dar Alarkan Real Estate Development stock overvalued or undervalued in 2026?
As of Oct 29, 2026, 4300 trades above its calculated fair value: price 18.04 SAR, fair value 17.85 SAR, a gap of about −1% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 4300?
No. The price is what the market pays today (18.04 SAR); the fair value is what the company's own numbers justify (17.85 SAR). For Dar Alarkan Real Estate Development the two are 0.1900 SAR per share apart. That gap is exactly why we show both numbers side by side.
How much is Dar Alarkan Real Estate Development worth?
The market values Dar Alarkan Real Estate Development at about 19.5B SAR (market capitalisation, as of Oct 29, 2026). Per share that is 18.04 SAR; our models calculate a fair value of 17.85 SAR per share.
What do the bullish and bearish scenarios say about 4300?
Our models span a range for Dar Alarkan Real Estate Development: cautious scenario 11.60 SAR, base 17.85 SAR, optimistic 22.31 SAR per share (as of Oct 29, 2026, price 18.04 SAR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 4300?
Dar Alarkan Real Estate Development trades at a price-to-earnings ratio of 16.4 (as of Oct 29, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 17.85 SAR is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 27.3. Other multiples: P/B 0.9, P/S 4.4, EV/EBITDA 13.2.
How solid is the balance sheet of Dar Alarkan Real Estate Development (4300)?
Balance-sheet figures for Dar Alarkan Real Estate Development (as of Oct 29, 2026): return on equity 5.4%, debt of 0.58 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is 4300 from its 52-week high?
Dar Alarkan Real Estate Development trades at 18.04 SAR, about 15% below its 52-week high of 21.15 SAR and 21% above the low of 14.85 SAR (as of Oct 28, 2026). Distance from the high says nothing about value: that is what the fair value of 17.85 SAR is for.
Which stocks are comparable to Dar Alarkan Real Estate Development?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, Vinhomes Joint Stock Company, CK Asset Holdings, Hongkong Land Holdings, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Dar Alarkan Real Estate Development stock attractive at the current price?
The data as of Oct 29, 2026: price 18.04 SAR, calculated fair value 17.85 SAR (−1%), Quality Score 57/100, from 7 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 4300 calculated?
We run Dar Alarkan Real Estate Development through 7 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 17.85 SAR, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.4 % above its aggregate fair value. Dar Alarkan Real Estate Development itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Dar Alarkan Real Estate Development (4300)?
The closing price on Oct 28, 2026 was 18.04 SAR. Our model-based fair value is 17.85 SAR, about −1% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Dar Alarkan Real Estate Development right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (11.60 SAR to 22.31 SAR) leaves room in how you read the outcome. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Where does the earnings growth of Dar Alarkan Real Estate Development (4300) come from?
Earnings per share at Dar Alarkan Real Estate Development grew +8.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share +4.2 %, EBIT margin +1.1 %, tax rate −0.8 %, residual (interest, one-offs) +4.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Dar Alarkan Real Estate Development
How large is the market capitalisation of Dar Alarkan Real Estate Development (4300)?
The market capitalisation of Dar Alarkan Real Estate Development is 19.5B SAR (≈ $5.2B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Dar Alarkan Real Estate Development (4300)?
The price-to-sales ratio of Dar Alarkan Real Estate Development is 4.37 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Dar Alarkan Real Estate Development (4300)?
Earnings per share at Dar Alarkan Real Estate Development are 1.10 SAR (price ÷ EPS = P/E 16.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Dar Alarkan Real Estate Development (4300)?
The net margin of Dar Alarkan Real Estate Development is 26.6% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Dar Alarkan Real Estate Development (4300)?
The return on equity (ROE) of Dar Alarkan Real Estate Development is 5.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Dar Alarkan Real Estate Development (4300)?
On an EBIT basis the return on assets of Dar Alarkan Real Estate Development is 2.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Dar Alarkan Real Estate Development (4300)?
The operating margin of Dar Alarkan Real Estate Development is 40.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Dar Alarkan Real Estate Development (4300)?
Revenue at Dar Alarkan Real Estate Development is growing +38.5% versus a year earlier (3y avg −0.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Dar Alarkan Real Estate Development (4300)?
Earnings per share at Dar Alarkan Real Estate Development are growing +0.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Dar Alarkan Real Estate Development (4300) generate?
The free cash flow of Dar Alarkan Real Estate Development is −3.3B SAR (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Dar Alarkan Real Estate Development (4300) carry?
The net debt of Dar Alarkan Real Estate Development is 8.4B SAR (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Oct 29, 2026