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Banan Real Estate Co. (4324) Fair Value & Analysis

Real Estate · SA · Market cap 592M SAR (≈ $158M) · ISIN SA3660423I15

What is Banan Real Estate Co. really worth?

BR Banan Real Estate Co. 4324 · SR
Price2.92 SAR
Fair Value1.81 SAR
Upside−38.0%
Quality62/100

A solid business, but trading 61% above our fair value of 1.81 SAR.

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Strengths

✓Healthy Growth (revenue 5y +47.0 %/yr)
✓Highly profitable · 48.3% net margin
✓Low debt · generates free cash flow
✓Ranks above peers (10/14)
✓Wide moat 67/100

Risks

!Evidence only low, so the estimate is less certain
!Weak on future: 12 out of 100
!Weak on past: 29 out of 100
Evidence: Low Range 1.70 SAR – 2.44 SAR

Fair value as of: Aug 13, 2026

From 25 valuation models · updated 19 days ago

Fair value updated Aug 13, 2026, revised from 2.93 SAR to 1.81 SAR (−38.2%) since Jul 31, 2026. Share price −2.3% over the past month.

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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

What matters now

  • The price sits above even our optimistic bull case (2.44 SAR). The favourable scenario is already priced in.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.

Price vs Fair Value (5 years)

942,678 SAR 2.92 SAR Fair Value 1.81 SAR Aug 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 2.92 SAR – 942,678 SAR · fair‑value band 1.70 SAR – 2.44 SAR · the 2.92 SAR price screens above the 1.81 SAR fair value. Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

Banan Real Estate Co. (4324) currently trades at 2.92 SAR, while our model-based Fair Value estimate is 1.81 SAR, implying the stock looks roughly 61.3% overvalued today. The Quality Score stands at 62/100 (solid quality), in the Real Estate sector. Bull case: the Growth DCF group reads highest at a median of 5.91 SAR per share, and 13 of the 25 models we run sit above the 2.92 SAR price. Bear case: the Asset-Based group reads lowest at 1.40 SAR, and 12 of the 25 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Banan Real Estate Co. generated revenue of 76.5M SAR at a net margin of 48.3%. Revenue grew 2.3% year over year. It earns a return on equity of 7.3%. Net debt stands at 157M SAR. Fundamentals as of Aug 13, 2026

Our scenario range runs from 1.70 SAR (bear case) to 2.44 SAR (bull case); at 2.92 SAR, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 44% below its 52-week high and 1% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at −23% fair-value upside, at −38%, 4324 screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly 0.1208 SAR per share, which is 6.7 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model 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. Evidence
Highest evidence
FCF DCF 3.66 SAR 5.52 SAR 11.09 SAR 76
Residual Income 1.67 SAR 1.77 SAR 1.87 SAR 76
Growth DCF 3.40 SAR 5.91 SAR 10.51 SAR 75
All 25 models by family
DCF Models
FCF DCF 3.66 SAR 5.52 SAR 11.09 SAR 76
Owner Earnings 2.48 SAR 5.57 SAR 11.29 SAR 71
5Y Revenue Exit 1.13 SAR 1.60 SAR 2.51 SAR 72
5Y EBITDA Exit 1.87 SAR 3.09 SAR 5.45 SAR 72
5Y P/E Exit 2.15 SAR 4.58 SAR 7.76 SAR 68
10Y Revenue Exit 1.98 SAR 3.32 SAR 3.74 SAR 68
10Y EBITDA Exit 2.49 SAR 4.77 SAR 8.39 SAR 65
10Y P/E Exit 2.67 SAR 5.32 SAR 9.42 SAR 61
Earnings-Based
Graham-Dodd 1.17 SAR 8.18 SAR 11.48 SAR 63
Lynch FV 3.01 SAR 4.30 SAR 5.59 SAR 61
PEG = 1.0 3.01 SAR 4.30 SAR 5.59 SAR 57
EPV 1.46 SAR 1.71 SAR 1.93 SAR 74
Dividend Discount
Gordon GGM 0.9100 SAR 1.64 SAR 2.26 SAR 68
DDM Multi-Stage 0.9100 SAR 1.50 SAR 1.75 SAR 67
Multiples
P/E Multiple 1.81 SAR 2.41 SAR 3.02 SAR 63
P/S Multiple 0.3300 SAR 0.4400 SAR 0.5500 SAR 58
P/B Multiple 2.20 SAR 2.93 SAR 3.66 SAR 55
EV/EBIT 1.54 SAR 2.18 SAR 2.83 SAR 65
EV/EBITDA 1.01 SAR 1.47 SAR 1.94 SAR 67
EV/Revenue — 0.0500 SAR 0.1800 SAR 50
Asset-Based
NCAV (Graham) 1.05 SAR 1.40 SAR 2.10 SAR 54
Growth DCF
Growth DCF 3.40 SAR 5.91 SAR 10.51 SAR 75
Economic Profit
Residual Income 1.67 SAR 1.77 SAR 1.87 SAR 76
ROIC Compounder 1.46 SAR 1.71 SAR 1.93 SAR 72
Growth Earnings
Growth-Adj P/E 3.36 SAR 4.80 SAR 6.24 SAR 67

Widest divergence: Growth DCF (5.91 SAR) versus Asset-Based (1.40 SAR). Highest evidence: FCF DCF (76).

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Key figures & financial health

P/E ratio 16.2
P/S ratio 7.58 P/E × margin
EPS (TTM) 0.1800 SAR price ÷ EPS = P/E 16.2
Dividend yield 4.0% payout 64.2%
Net margin 46.7% FY2025
Return on equity 7.3% TTM
More key figures
Profitability
Return on assets (EBIT) 6.0% avg 5y
Operating margin 68.9% TTM
Growth
Revenue (TTM) 76.5M SAR TTM
Revenue growth (YoY) +2.3% 3y avg +7.6%
EPS growth (YoY) +24.2%
Balance sheet & cash flow
Free cash flow 59.6M SAR FY2025
Net debt 157M SAR FY2025 · ≈ 2.6 yrs of FCF

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 62/100

Of which business quality 60 · Market factors (momentum, volatility) 36

Profitability 37
Margins and returns on capital today
Quality Growth 31
Are margins and returns improving?
Cashflow 96
Earnings quality: real cash, not paper profit
Fin. Strength 55
Balance sheet, leverage, solvency risk
Investment 71
Disciplined investing over empire-building
Low Volatility 96
Calm price path (market factor)
Momentum 18
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 72
Buybacks instead of dilution

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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Banan Real Estate Company owns and leases residential and non-residential properties in the Kingdom of Saudi Arabia. The company is involved in commission-based property management; management and operation of hotel apartments; and general construction for residential and non-residential buildings, including schools, hospitals, and hotels.

Full company description

Banan Real Estate Company owns and leases residential and non-residential properties in the Kingdom of Saudi Arabia. The company is involved in commission-based property management; management and operation of hotel apartments; and general construction for residential and non-residential buildings, including schools, hospitals, and hotels. It also offers real estate registration; construction of prefabricated buildings; building finishing; purchase and sale of land and real estate; off plan sales activities; and management and leasing of owned or leased properties. Further, it offers property maintenance, management, and enhancement; service apartment management and operation; and buy, sell, and invest in land and properties. Banan Real Estate Company was founded in 2005 and is based in Riyadh, Saudi Arabia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Banan Real Estate Co. reported revenue of 73.9M SAR in FY2025 versus 18.9M SAR in FY2021, a compound +40.6%/yr. Reported net income was 34.5M SAR in FY2025, compounding +9.1%/yr from FY2021.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
73.9M SAR
Avg. revenue growth/yr (3Y) ⓘ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.
+70.1%
Avg. revenue growth/yr (5Y) ⓘ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.
+47.0%
Avg. revenue growth/yr (6Y) ⓘ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.
+24.9%
Value creation/yr (5Y) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+19.6% (15.6 + 4.0)
Revenue +40.6%/yr
FY21 18.9M SAR
FY22 59.3M SAR
FY23 66.0M SAR
FY24 92.9M SAR
FY25 73.9M SAR
Net income +9.1%/yr
FY21 24.3M SAR
FY22 28.2M SAR
FY23 28.8M SAR
FY24 35.6M SAR
FY25 34.5M SAR

4324 screens 61% overvalued. Compare with CBRE Group →

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Banan Real Estate Co. · Fair Value
1.81 SAR −61%Fair Value
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Cite: Fair Value Calculator (2026). "Banan Real Estate Co. Fair Value". https://www.fairvalue-calculator.com/stock/4324.SR

Peer Group

Real Estate Services · 545 stocks

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.

Quality Score 62 · Above median
Fair Value upside −38% · Below median
Return on equity (TTM) 7% · Above median
Return on assets 4% · Top 25%
Net margin (TTM) 48% · Top 25%
Operating margin (TTM) 69% · Top 25%
Revenue growth 2% · Above median
Dividend yield (TTM) 4.0% · Above median
Debt / equity 0.25× · Lower than median

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/E (TTM) 16.2× · Pricier than median
P/B 0.38× · Cheaper than median
P/S (TTM) 2.06× · Pricier than median
P/FCF 2.6× · Pricier than median
EV/EBITDA 3.9× · Cheaper than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 32
FUTURE12 · sector 10
PAST29 · sector 17
HEALTH88 · sector 84
DIVIDEND79 · sector 64

VALUE 0: the price sits above our fair-value range.

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 (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
CBRE Group CBRE $147.40 $69.47 −53%
Vonovia SE VNA €19.85 €36.67 +85%
Cellnex Telecom, S.A CLNX €27.47 €25.46 −7%
KE Holdings BEKE $17.42 $6.57 −62%
Jones Lang LaSalle Incorporated JLL $378.01 $290.25 −23%
Swire Properties Limited 1972 HK$24.84 HK$5.12 −79%
CoStar Group CSGP $32.22 $4.64 −86%
China Resources Mixc Lifestyle Services Limited 1209 HK$39.84 HK$34.95 −12%
CapitaLand Investment Limited 9CI 2.73 SGD 0.4900 SGD −82%
Plaza S.A MALLPLAZA 3,989 CLP 4,571 CLP +15%

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Frequently asked questions

Is Banan Real Estate Co. (4324) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 1.81 SAR versus a price of 2.92 SAR, about −38% upside (overvalued).
What is the fair value of 4324?
Our model-based fair value for Banan Real Estate Co. is 1.81 SAR (as of Aug 13, 2026), built from audited fundamentals. The current price: 2.92 SAR.
What is the quality score of 4324?
Banan Real Estate Co. has a Quality Score of 62/100. 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 revenue of Banan Real Estate Co. (4324)?
Banan Real Estate Co. reported trailing-twelve-month revenue of about 76.5M SAR (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 4324?
The net profit margin of Banan Real Estate Co. is about 48.3%, meaning it keeps roughly 48.3% of revenue as net income. Based on the latest reported figures.
Does Banan Real Estate Co. pay a dividend?
Banan Real Estate Co. currently shows a dividend yield of about 3.95% relative to its recent price (as of Aug 13, 2026).
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