Retal Urban Development Company (4322) fair value: what the stock is really worth
As of Oct 28, 2026: fair value (intrinsic value) of Retal Urban Development Company stock SAR 16.68, price SAR 6.93, upside +140.7%, quality 53 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Fair value 30%+ above price?Yes
Quality 50+?Yes
In an uptrend?No
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 28, 2026.
How to read this chart
52‑month range 6.36 SAR – 17.54 SAR · fair‑value band 10.12 SAR – 26.93 SAR · the 6.93 SAR price screens below the 16.68 SAR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 28, 2026.
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Retal Urban Development Company, through its subsidiaries, operates as a real estate developer in the Kingdom of Saudi Arabia. It operates through the Real Estate Development, Investment, and Other segments.
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The company engages in the construction, purchase, sale, and rental of land and real estate; general cleaning, maintenance, and operation of buildings, gardens, parks, and sports facilities; erection, management, and maintenance of industrial, commercial and service projects, restaurants, central markets, residential compounds, and commercial and industrial complexes; general contracting for residential, commercial, public, educational, recreational, medical, airport, and precast buildings; construction of roads, dams, tunnels, sewage, air conditioning, and refrigeration projects; electrical, mechanical, digging, and renovation related works; and management and operation of factories, industrial projects, shopping malls, and infrastructure construction.
It is also involved in the management and rental of owned and leased residential and non-residential real estate; care and maintenance of parks and gardens for public housing purposes, building landscapes, home gardens, roof gardens, private building facades, highway parks, sports grounds and golf courses, and noise protection plants; transportation of non-hazardous industrial waste; municipal waste collection; land maintenance activities; and wind and desertification landscape design services activities.
The company was incorporated in 2012 and is headquartered in Al Khobar, Saudi Arabia. Retal Urban Development Company operates as a subsidiary of Al Fozan Holding Company.
Stock analysis
Retal Urban Development Company (4322) currently trades at 6.93 SAR, while our model-based Fair Value estimate is 16.68 SAR, implying the stock looks roughly 58.5% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 20.18 SAR per share, and 11 of the 16 models we run sit above the 6.93 SAR price.
Bear case: the Dividend Discount group reads lowest at 2.61 SAR, and 5 of the 16 models stay below the price. Data coverage for this calculation is high.
Scenario range: 10.12 SAR (bear) to 26.93 SAR (bull), the price of 6.93 SAR sits below 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 53/100 (solid quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Retal Urban Development Company reported revenue of 2.4B SAR in FY2025 versus 1.1B SAR in FY2021, a compound +22.4%/yr. Reported net income was 293M SAR in FY2025, compounding +10.9%/yr from FY2021.
Key figures
Market cap 3.4B SAR (≈ $918M) Small · P/E ratio 17.3 · P/S ratio 1.33 · EPS (TTM) 0.4000 SAR · Dividend yield 3.3% · Net margin 7.8% · Return on equity 23.2% · Return on assets (EBIT) 8.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 54% below its 52-week high and 9% 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 141%, 4322 screens cheaper than that median.
Fair Value models
Bear10.12 SARFair Value 16.68 SARBull26.93 SAR
Price 6.93 SAR · Upside +140.7%
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 (0.3310 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.95/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+18.2%
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.
+30.1%
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.
+32.9%
Start year 2020 (pandemic)
Revenue growth 8 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.
+32.4%
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What shareholders gained per year (last 5 years) ⓘ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.
−28.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−31.5%
Dividend (yield on the price)3.3%
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.15% → 17%
Growth Forecast
Little optimism in the price
The price assumes less 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).
+3.4%
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 +1.3% a year for the price.
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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 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score53 · Above median
Fair Value upside+140.7% · Top 25%
Profitability
Return on equity (12 months)23.2% · Top 25%
Return on assets5.1% · Top 25%
Net margin (12 months)7.8% · Above median
Operating margin (12 months)3.9% · Below median
Growth and dividend
Revenue growth (quarter YoY)28.7% · Top 25%
Dividend yield (12 months)3.3% · Above median
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). "Retal Urban Development Company Fair Value". https://www.fairvalue-calculator.com/stock/4322
Frequently asked questions
Is Retal Urban Development Company (4322) overvalued or undervalued?
As of Oct 28, 2026, our model estimates a fair value of 16.68 SAR versus a price of 6.93 SAR, about +141% upside (undervalued).
What is the fair value of 4322?
Our model-based fair value for Retal Urban Development Company is 16.68 SAR (as of Oct 28, 2026), built from audited fundamentals. The current price: 6.93 SAR.
What is the quality score of 4322?
Retal Urban Development Company has a Quality Score of 53/100. 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 Retal Urban Development Company (4322)?
Our model-based price target is the fair value of 16.68 SAR (as of Oct 28, 2026) from 16 valuation models. Cautious scenario 10.12 SAR, optimistic scenario 26.93 SAR. It is a calculation from audited fundamentals, not an analyst target.
What is the Retal Urban Development Company stock forecast for 2026?
Our models put fair value at 16.68 SAR, about +141% upside versus a price of 6.93 SAR (undervalued). Cautious scenario 10.12 SAR, optimistic scenario 26.93 SAR. The calculation is refreshed regularly with new filings.
What is the revenue of Retal Urban Development Company (4322)?
Retal Urban Development Company reported trailing-twelve-month revenue of about 2.6B SAR (latest available figure, as of Oct 28, 2026).
Does Retal Urban Development Company pay a dividend?
Retal Urban Development Company currently shows a dividend yield of 3.30% relative to its recent price (as of Oct 28, 2026).
What growth is priced into Retal Urban Development Company (4322)?
For today's price to be fair in a discounted-cash-flow model, Retal Urban Development Company would have to grow free cash flow by +3.4 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +32.9 % per year. As of Oct 28, 2026.
What discount rate (WACC) does the fair value of 4322 use?
Our models discount Retal Urban Development Company at 11.8 %: a base by market capitalisation (small), 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 Retal Urban Development Company that is +3.4 % per year a year over ten years, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Retal Urban Development Company (4322) delivered so far?
Over the past 5 years revenue at Retal Urban Development Company grew +32.9 % a year. The price currently implies +3.4 % 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 Retal Urban Development Company (4322) growing?
The median revenue growth in the sector is +2.4 % a year. That is the yardstick for the growth priced into Retal Urban Development Company (+3.4 % 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 Retal Urban Development Company (4322)?
The free-cash-flow yield on the price is 10.55 %: that much free cash flow Retal Urban Development Company produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Retal Urban Development Company (4322)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Retal Urban Development Company it is 16.68 SAR per share (as of Oct 28, 2026), against a price of 6.93 SAR. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Retal Urban Development Company stock overvalued or undervalued in 2026?
As of Oct 28, 2026, 4322 trades below its calculated fair value: price 6.93 SAR, fair value 16.68 SAR, a gap of about +141% (undervalued). 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 4322?
No. The price is what the market pays today (6.93 SAR); the fair value is what the company's own numbers justify (16.68 SAR). For Retal Urban Development Company the two are 9.75 SAR per share apart. That gap is exactly why we show both numbers side by side.
How much is Retal Urban Development Company worth?
The market values Retal Urban Development Company at about 3.4B SAR (market capitalisation, as of Oct 28, 2026). Per share that is 6.93 SAR; our models calculate a fair value of 16.68 SAR per share.
What do the bullish and bearish scenarios say about 4322?
Our models span a range for Retal Urban Development Company: cautious scenario 10.12 SAR, base 16.68 SAR, optimistic 26.93 SAR per share (as of Oct 28, 2026, price 6.93 SAR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 4322?
Retal Urban Development Company trades at a price-to-earnings ratio of 17.3 (as of Oct 28, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 16.68 SAR is built from several models across several years. Other multiples: P/B 3.4, P/S 1.3, EV/EBITDA 8.2.
How solid is the balance sheet of Retal Urban Development Company (4322)?
Balance-sheet figures for Retal Urban Development Company (as of Oct 28, 2026): return on equity 23.2%, debt of 0.58 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is 4322 from its 52-week high?
Retal Urban Development Company trades at 6.93 SAR, about 54% below its 52-week high of 15.11 SAR and 9% above the low of 6.36 SAR (as of Oct 28, 2026). Distance from the high says nothing about value: that is what the fair value of 16.68 SAR is for.
Which stocks are comparable to Retal Urban Development Company?
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 Retal Urban Development Company stock attractive at the current price?
The data as of Oct 28, 2026: price 6.93 SAR, calculated fair value 16.68 SAR (+141%), Quality Score 53/100, from 16 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 4322 calculated?
We run Retal Urban Development Company through 16 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 16.68 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. Retal Urban Development Company currently trades 58 % below its own fair value, and the market average says nothing about that. 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 Retal Urban Development Company (4322)?
The closing price on Oct 28, 2026 was 6.93 SAR. Our model-based fair value is 16.68 SAR, about +141% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Retal Urban Development Company right now?
The price is below even our cautious bear case (10.12 SAR). The market is more pessimistic than our downside scenario. The model range is unusually wide (10.12 SAR to 26.93 SAR). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Retal Urban Development Company
How large is the market capitalisation of Retal Urban Development Company (4322)?
The market capitalisation of Retal Urban Development Company is 3.4B SAR (≈ $918M). 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 Retal Urban Development Company (4322)?
The price-to-sales ratio of Retal Urban Development Company is 1.33 (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 Retal Urban Development Company (4322)?
Earnings per share at Retal Urban Development Company are 0.4000 SAR (price ÷ EPS = P/E 17.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Retal Urban Development Company (4322)?
The dividend yield of Retal Urban Development Company is 3.3% (payout 57.3%). 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 Retal Urban Development Company (4322)?
The net margin of Retal Urban Development Company is 7.8% (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 Retal Urban Development Company (4322)?
The return on equity (ROE) of Retal Urban Development Company is 23.2% (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 Retal Urban Development Company (4322)?
On an EBIT basis the return on assets of Retal Urban Development Company is 8.1% (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 Retal Urban Development Company (4322)?
The operating margin of Retal Urban Development Company is 3.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Retal Urban Development Company (4322)?
Revenue at Retal Urban Development Company is growing +28.7% versus a year earlier (3y avg +30.1%). 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 Retal Urban Development Company (4322)?
Earnings per share at Retal Urban Development Company are growing −13.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Retal Urban Development Company (4322) carry?
The net debt of Retal Urban Development Company is 759M SAR (fiscal year 2025, ≈ 2.1 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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Broad data
Oct 28, 2026