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Alandalus Property Company (4320) fair value: what the stock is really worth

As of Sep 27, 2026: fair value of Alandalus Property Company SAR 12.33, price SAR 14.06, upside -12.3%, quality 40 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Real Estate · SA · ISIN SA13U0923G19

AP Some data Sep 27, 2026

Alandalus Property Company

4320 · SR

Weak valuationQuality is weak on top of the rich price.

!Fair value 12.33 SAR · Overvalued (−12.3%)
!Quality 40/100
!Mixed Growth (revenue 5y +7.2 %/yr)
!Thin margins · 1.9% net margin (TTM)
✓Moderate debt · generates free cash flow
!Mixed vs. peers (6/14)
!Moderate moat 45/100
!Evidence only medium, so the estimate is less certain
!Weak on valuation: 17 out of 100
!Weak on past: 7 out of 100

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

29.29 SAR 13.60 SAR Fair Value 12.33 SAR Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.

How to read this chart

60‑month range 13.60 SAR – 29.29 SAR · fair‑value band 6.37 SAR – 18.98 SAR · the 14.06 SAR price screens above the 12.33 SAR fair value. Dashed = 300-day average. As of Sep 27, 2026.

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Company profile

Alandalus Property Company, a real estate company, engages in investment, development, and operation of commercial real estate properties in the Kingdom of Saudi Arabia. The company constructs, owns, and manages commercial and residential complexes and centers.

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Alandalus Property Company, a real estate company, engages in investment, development, and operation of commercial real estate properties in the Kingdom of Saudi Arabia. The company constructs, owns, and manages commercial and residential complexes and centers. It also involved in the general contracting services for residential and commercial buildings, educational, recreational, and healthcare buildings, as well as roads, dams, water and sewage projects, and electrical and mechanical works. In addition, the company provides maintenance and operation of real estate properties, buildings, and commercial facilities. Alandalus Property Company was incorporated in 2006 and is headquartered in Riyadh, Saudi Arabia.

Stock analysis

Alandalus Property Company (4320) currently trades at 14.06 SAR, while our model-based Fair Value estimate is 12.33 SAR, implying the stock looks roughly 14.0% overvalued today.

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Valuation

Bull case: the DCF Models group reads highest at a median of 13.93 SAR per share, and 3 of the 13 models we run sit above the 14.06 SAR price.

Bear case: the Growth DCF group reads lowest at 5.34 SAR, and 10 of the 13 models stay below the price. Evidence for this calculation is medium.

Scenario range: 6.37 SAR (bear) to 18.98 SAR (bull), the price of 14.06 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 40/100 (below-average quality), in the Real Estate sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Alandalus Property Company reported revenue of 237M SAR in FY2025 versus 214M SAR in FY2021, a compound +2.5%/yr. Reported net income was −18.3M SAR in FY2025.

Key figures

Market cap 1.9B SAR (≈ $511M) · P/E ratio 281.2 · P/S ratio 4.85 · EPS (TTM) 0.0500 SAR · Dividend yield 3.6% · Net margin −7.7% · Return on equity 1.7% · Return on assets (EBIT) 4.4%.

What moves the price

The share trades about 31% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Real Estate peers we cover trades at −10% fair-value upside, at −12%, 4320 screens richer than that median.

Fair Value models

Bear 6.37 SAR Fair Value 12.33 SAR Bull 18.98 SAR
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.0371 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. Evidence ⓘEvidence = 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.
Highest evidence
FCF DCF 11.19 SAR 18.70 SAR 28.25 SAR 79
Growth DCF 11.45 SAR 18.15 SAR 26.24 SAR 78
5Y EBITDA Exit 7.11 SAR 13.93 SAR 21.50 SAR 73
All 13 models by family
DCF Models
FCF DCF 11.19 SAR 18.70 SAR 28.25 SAR 79
5Y Revenue Exit 3.26 SAR 6.94 SAR 11.27 SAR 70
5Y EBITDA Exit 7.11 SAR 13.93 SAR 21.50 SAR 73
10Y Revenue Exit 6.26 SAR 10.08 SAR 14.55 SAR 66
10Y EBITDA Exit 8.64 SAR 14.44 SAR 21.47 SAR 67
Dividend Discount
Gordon GGM 3.88 SAR 6.92 SAR 9.64 SAR 68
DDM Multi-Stage 3.88 SAR 5.65 SAR 7.29 SAR 67
Multiples
EV/EBIT 3.40 SAR 7.31 SAR 11.23 SAR 62
EV/EBITDA 6.05 SAR 10.85 SAR 15.65 SAR 65
EV/Revenue n/a 0.9100 SAR >3.64 SAR 50
Asset-Based
NCAV (Graham) 5.10 SAR 6.83 SAR 10.19 SAR 54
Growth DCF
Growth DCF 11.45 SAR 18.15 SAR 26.24 SAR 78
Rev-Margin DCF 1.94 SAR 5.34 SAR 8.94 SAR 69

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Quality Score breakdown

Overall quality 40/100

Of which business quality 41 · Market factors (momentum, volatility) 40

Profitability 8
Margins and returns on capital today
Quality Growth 30
Are margins and returns improving?
Cashflow 94
Earnings quality: real cash, not paper profit
Fin. Strength 34
Balance sheet, leverage, solvency risk
Investment 82
Disciplined investing over empire-building
Low Volatility 89
Calm price path (market factor)
Momentum 28
Price trend over the last 3–12 months (market factor)
52W Momentum 4
Distance to the 52-week high (market factor)
Net Issuance 0
Share count: buybacks or dilution?

Open the full quality analysis →

Revenue & earnings trend

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. 59/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−1.4%
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.
+3.1%
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.
+7.2%
Start year 2020 (pandemic). Over 10 years: +6.5% a year
Revenue growth 13 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.
+5.3%
Profit margin (trend) ⓘ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.
48.4% (2020) → 28.0% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

Growth Forecast

A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+10.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Saudi Arabia: IMF forecast 2.1% a year to 2030, 1.7% from 2016 to 2025) that is about +8.0% a year for the price.

4320 screens 14% overvalued. Compare with CBRE Group →

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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 Services · 543 stocks

Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 41 · Bottom 25%
Fair Value upside −12.0% · Below median
Profitability
Return on equity (TTM) 1.7% · Below median
Return on assets 2.5% · Above median
Net margin (TTM) 1.9% · Below median
Operating margin (TTM) 40.8% · Above median
Growth and dividend
Revenue growth 65.4% · Top 25%
Dividend yield (TTM) 3.6% · Above median
Balance sheet
Debt / equity 0.91× · Above median

Valuation Multiplesvs Real Estate Services median · lower = cheaper

P/E (TTM) 281.2× · Priciest 25%
P/B 0.54× · Cheaper than median
P/S (TTM) 1.89× · Pricier than median
P/FCF 3.6× · Pricier than median
EV/EBITDA 10.6× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)17 · sector 36
FUTURE (revenue growth)100 · sector 11
PAST (return on equity)7 · sector 16
HEALTH (low debt)55 · sector 83
DIVIDEND (yield)71 · sector 64

Context: sector, industry, market

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

Similar stocks

10 more Real Estate Services stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
CBRE Group CBRE $134.55 $91.06 −32%
KE Holdings 2423 HK$42.92 HK$17.16 −60%
Cellnex Telecom, S.A CLNX €23.99 €23.94 +0%
Swire Properties Limited 1972 HK$24.32 HK$13.39 −45%
Vonovia SE VNA €17.17 €36.55 +113%
Jones Lang LaSalle Incorporated JLL $321.91 $540.65 +68%
Wharf Real Estate Investment Company 1997 HK$30.54 HK$27.42 −10%
CoStar Group CSGP $28.09 $6.19 −78%
China Resources Mixc Lifestyle Services Limited 1209 HK$37.00 HK$56.36 +52%
CapitaLand Investment Limited 9CI 2.60 SGD 0.5600 SGD −78%

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Cite: Fair Value Calculator (2026). "Alandalus Property Company Fair Value". https://www.fairvalue-calculator.com/stock/4320

Frequently asked questions

Is Alandalus Property Company (4320) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of 12.33 SAR versus a price of 14.06 SAR, about −12% upside (overvalued).
What is the fair value of 4320?
Our model-based fair value for Alandalus Property Company is 12.33 SAR (as of Sep 27, 2026), built from audited fundamentals. The current price: 14.06 SAR.
What is the quality score of 4320?
Alandalus Property Company has a Quality Score of 40/100. 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 Alandalus Property Company (4320)?
Our model-based price target is the fair value of 12.33 SAR (as of Sep 27, 2026) from 13 valuation models. Cautious scenario 6.37 SAR, optimistic scenario 18.98 SAR. It is a calculation from audited fundamentals, not an analyst target.
What is the Alandalus Property Company stock forecast for 2026?
Our models put fair value at 12.33 SAR, about −12% upside versus a price of 14.06 SAR (overvalued). Cautious scenario 6.37 SAR, optimistic scenario 18.98 SAR. The calculation is refreshed regularly with new filings.
What is the revenue of Alandalus Property Company (4320)?
Alandalus Property Company reported trailing-twelve-month revenue of about 270M SAR (latest available figure, as of Sep 27, 2026).
Does Alandalus Property Company pay a dividend?
Alandalus Property Company currently shows a dividend yield of about 3.57% relative to its recent price (as of Sep 27, 2026).
What growth is priced into Alandalus Property Company (4320)?
For today's price to be fair in a discounted-cash-flow model, Alandalus Property Company would have to grow free cash flow by +10.3 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.2 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of 4320 use?
Our models discount Alandalus Property Company at 10.3 %: a base by market capitalisation (small), damped by beta 0.16, country premium for Saudi Arabia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Alandalus Property Company that is +10.3 % per year a year over ten years, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has Alandalus Property Company (4320) delivered so far?
Over the past 5 years revenue at Alandalus Property Company grew +7.2 % a year. The price currently implies +10.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Alandalus Property Company (4320) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into Alandalus Property Company (+10.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Alandalus Property Company (4320)?
The free-cash-flow yield on the price is 7.37 %: that much free cash flow Alandalus Property Company produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Alandalus Property Company (4320)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Alandalus Property Company it is 12.33 SAR per share (as of Sep 27, 2026), against a price of 14.06 SAR. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Alandalus Property Company stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 4320 trades above its calculated fair value: price 14.06 SAR, fair value 12.33 SAR, a gap of about −12% (overvalued). 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 4320?
No. The price is what the market pays today (14.06 SAR); the fair value is what the company's own numbers justify (12.33 SAR). For Alandalus Property Company the two are 1.73 SAR per share apart. That gap is exactly why we show both numbers side by side.
How much is Alandalus Property Company worth?
The market values Alandalus Property Company at about 1.9B SAR (market capitalisation, as of Sep 27, 2026). Per share that is 14.06 SAR; our models calculate a fair value of 12.33 SAR per share.
What do the bullish and bearish scenarios say about 4320?
Our models span a range for Alandalus Property Company: cautious scenario 6.37 SAR, base 12.33 SAR, optimistic 18.98 SAR per share (as of Sep 27, 2026, price 14.06 SAR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 4320?
Alandalus Property Company trades at a price-to-earnings ratio of 281.2 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 12.33 SAR is built from several models across several years. Other multiples: P/B 0.5, P/S 1.9, EV/EBITDA 10.6.
How solid is the balance sheet of Alandalus Property Company (4320)?
Balance-sheet figures for Alandalus Property Company (as of Sep 27, 2026): return on equity 1.7%, debt of 0.91 per unit of equity. They feed the Quality Score of 40/100, which measures business quality independently of the share price.
How far is 4320 from its 52-week high?
Alandalus Property Company trades at 14.06 SAR, about 31% below its 52-week high of 20.50 SAR and 3% above the low of 13.60 SAR (as of Sep 27, 2026). Distance from the high says nothing about value: that is what the fair value of 12.33 SAR is for.
Which stocks are comparable to Alandalus Property Company?
From the same area (Real Estate) we also value CBRE Group, KE Holdings, Cellnex Telecom, S.A, Swire Properties Limited, 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 Alandalus Property Company stock attractive at the current price?
The data as of Sep 27, 2026: price 14.06 SAR, calculated fair value 12.33 SAR (−12%), Quality Score 40/100, from 13 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 4320 calculated?
We run Alandalus Property Company through 13 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 12.33 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 16.1 % above its aggregate fair value. Alandalus Property Company 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 Alandalus Property Company (4320)?
The closing price on Sep 27, 2026 was 14.06 SAR. Our model-based fair value is 12.33 SAR, about −12% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Alandalus Property Company right now?
The model range is unusually wide (6.37 SAR to 18.98 SAR). The outcome hinges heavily on assumptions, so read the point estimate with caution. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.

Key figures of Alandalus Property Company

How large is the market capitalisation of Alandalus Property Company (4320)?
The market capitalisation of Alandalus Property Company is 1.9B SAR (≈ $511M). 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 Alandalus Property Company (4320)?
The price-to-sales ratio of Alandalus Property Company is 4.85 (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 Alandalus Property Company (4320)?
Earnings per share at Alandalus Property Company are 0.0500 SAR (price ÷ EPS = P/E 281.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Alandalus Property Company (4320)?
The dividend yield of Alandalus Property Company is 3.6%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Alandalus Property Company (4320)?
The net margin of Alandalus Property Company is −7.7% (fiscal year 2025). 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 Alandalus Property Company (4320)?
The return on equity (ROE) of Alandalus Property Company is 1.7% (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 Alandalus Property Company (4320)?
On an EBIT basis the return on assets of Alandalus Property Company is 4.4% (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 Alandalus Property Company (4320)?
The operating margin of Alandalus Property Company is 40.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Alandalus Property Company (4320)?
Revenue at Alandalus Property Company is growing +65.4% versus a year earlier (3y avg +3.1%). 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 Alandalus Property Company (4320)?
Earnings per share at Alandalus Property Company are growing −66.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Alandalus Property Company (4320) carry?
The net debt of Alandalus Property Company is 874M SAR (fiscal year 2025, ≈ 6.2 yrs of FCF). 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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