SICO Saudi REIT Fund Unit (4337) fair value: what the stock is really worth
We calculate from audited financials what SICO Saudi REIT Fund Unit is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
Structural break:
The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
Stretched ValuationStrong overvaluation with only moderate quality.
!Fair value 0.6200 SAR · Strongly overvalued (−86%)
!Quality 51/100
!Weak Growth(revenue 5y +21.9 %/yr)
!Loss-making · -62.9% net margin (TTM)
!negative free cash flow
!Trails peers(4/11)
!Narrow moat33/100
!Evidence only low, so the estimate is less certain
!The models disagree: range 0.6200 SAR to 1.42 SAR
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.
How to read this chart
60‑month range 3.54 SAR – 11.80 SAR · fair‑value band 0.6200 SAR – 1.42 SAR · the 4.53 SAR price screens above the 0.6200 SAR fair value. Dashed = 300-day average. As of Sep 13, 2026.
SICO Capital - SICO Saudi REIT Fund is a real estate investment fund. The fund invest in income-generating real-estate properties. The firm primarily invests in Saudi Arabia.
Stock analysis
SICO Saudi REIT Fund Unit (4337) currently trades at 4.53 SAR, while our model-based Fair Value estimate is 0.6200 SAR, implying the stock looks roughly 630.5% overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 2.83 SAR per share, and 0 of the 6 models we run sit above the 4.53 SAR price.
Bear case: the Multiples group reads lowest at 0.4500 SAR, and 6 of the 6 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.6200 SAR (bear) to 1.42 SAR (bull), the price of 4.53 SAR sits above 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 51/100 (solid quality), in the Real Estate sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
SICO Saudi REIT Fund Unit reported revenue of 21.0M SAR in FY2025 versus 15.1M SAR in FY2021, a compound +8.5%/yr. Reported net income was −929K SAR in FY2025.
Key figures
Market cap 259M SAR (≈ $69.1M) · P/S ratio 11.6 · EPS (TTM) −0.0200 SAR · Net margin −4.4% · Return on equity −6.3% · Return on assets (EBIT) 0.1% · Operating margin 44.3% · Revenue (TTM) 23.5M SAR.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 18% below its 52-week high and 24% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −21% fair-value upside, at −86%, 4337 screens richer than that median.
Fair Value models
Bear 0.6200 SARFair Value 0.6200 SARBull 1.42 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.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 ⓘ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.
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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+17.1%
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.
−17.1%
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.
+21.9%
Revenue growth 7 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.
−8.7%
’18
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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.
374.2% (2020) → 5.0% (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
Compare SICO Saudi REIT Fund Unit with another stock
Price, fair value, quality and upside side by side.
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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.REIT - Diversified · 155 stocks
Beats the industry median on 4/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score53 · Below median
Fair Value upside−87% · Bottom 25%
Profitability
Return on assets1% · Below median
Net margin (TTM)−63% · Bottom 25%
Operating margin (TTM)44% · Below median
Growth and dividend
Revenue growth24% · Top 25%
Dividend yield (TTM)0.0% · Bottom 25%
Valuation Multiplesvs REIT - Diversified median · lower = cheaper
P/B0.30× · Cheapest 25%
P/S (TTM)3.10× · Cheaper than median
EV/EBITDA3.8× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 19
FUTURE (revenue growth)100· sector 16
PAST (return on equity)0· sector 19
HEALTH (low debt)0· sector 75
DIVIDEND (yield)0· sector 100
VALUE 0: the price sits above our fair-value range.
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). "SICO Saudi REIT Fund Unit Fair Value". https://www.fairvalue-calculator.com/stock/4337
Frequently asked questions
Is SICO Saudi REIT Fund Unit (4337) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of 0.6200 SAR versus a price of 4.53 SAR, about −86% upside (overvalued).
What is the fair value of 4337?
Our model-based fair value for SICO Saudi REIT Fund Unit is 0.6200 SAR (as of Sep 13, 2026), built from audited fundamentals. The current price: 4.53 SAR.
What is the quality score of 4337?
SICO Saudi REIT Fund Unit has a Quality Score of 51/100. 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 SICO Saudi REIT Fund Unit (4337)?
Our model-based price target is the fair value of 0.6200 SAR (as of Sep 13, 2026) from 6 valuation models. Cautious scenario 0.6200 SAR, optimistic scenario 1.42 SAR. It is a calculation from audited fundamentals, not an analyst target.
What is the SICO Saudi REIT Fund Unit stock forecast for 2026?
Our models put fair value at 0.6200 SAR, about −86% upside versus a price of 4.53 SAR (overvalued). Cautious scenario 0.6200 SAR, optimistic scenario 1.42 SAR. The calculation is refreshed regularly with new filings.
What is the revenue of SICO Saudi REIT Fund Unit (4337)?
SICO Saudi REIT Fund Unit reported trailing-twelve-month revenue of about 21.0M SAR (latest available figure, as of Sep 13, 2026).
What is the intrinsic value of SICO Saudi REIT Fund Unit (4337)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SICO Saudi REIT Fund Unit it is 0.6200 SAR per share (as of Sep 13, 2026), against a price of 4.53 SAR. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is SICO Saudi REIT Fund Unit stock overvalued or undervalued in 2026?
As of Sep 13, 2026, 4337 trades above its calculated fair value: price 4.53 SAR, fair value 0.6200 SAR, a gap of about −86% (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 4337?
No. The price is what the market pays today (4.53 SAR); the fair value is what the company's own numbers justify (0.6200 SAR). For SICO Saudi REIT Fund Unit the two are 3.91 SAR per share apart. That gap is exactly why we show both numbers side by side.
How much is SICO Saudi REIT Fund Unit worth?
The market values SICO Saudi REIT Fund Unit at about 259M SAR (market capitalisation, as of Sep 13, 2026). Per share that is 4.53 SAR; our models calculate a fair value of 0.6200 SAR per share.
What do the bullish and bearish scenarios say about 4337?
Our models span a range for SICO Saudi REIT Fund Unit: cautious scenario 0.6200 SAR, base 0.6200 SAR, optimistic 1.42 SAR per share (as of Sep 13, 2026, price 4.53 SAR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of SICO Saudi REIT Fund Unit (4337)?
Balance-sheet figures for SICO Saudi REIT Fund Unit (as of Sep 13, 2026): return on equity −6.3%. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is 4337 from its 52-week high?
SICO Saudi REIT Fund Unit trades at 4.53 SAR, about 18% below its 52-week high of 5.54 SAR and 24% above the low of 3.66 SAR (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of 0.6200 SAR is for.
Which stocks are comparable to SICO Saudi REIT Fund Unit?
From the same area (Real Estate) we also value Goodman Group, VICI Properties Inc, W. P. Carey Inc, Charter Hall Group, 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 SICO Saudi REIT Fund Unit stock attractive at the current price?
The data as of Sep 13, 2026: price 4.53 SAR, calculated fair value 0.6200 SAR (−86%), Quality Score 51/100, from 6 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 4337 calculated?
We run SICO Saudi REIT Fund Unit through 6 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 0.6200 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 15.8 % above its aggregate fair value. SICO Saudi REIT Fund Unit 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 should I pay attention to with SICO Saudi REIT Fund Unit right now?
The price sits above even our optimistic bull case (1.42 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 (51/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (0.6200 SAR to 1.42 SAR) leaves room in how you read the outcome.
Key figures of SICO Saudi REIT Fund Unit
How large is the market capitalisation of SICO Saudi REIT Fund Unit (4337)?
The market capitalisation of SICO Saudi REIT Fund Unit is 259M SAR (≈ $69.1M). 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 SICO Saudi REIT Fund Unit (4337)?
The price-to-sales ratio of SICO Saudi REIT Fund Unit is 11.6 (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 SICO Saudi REIT Fund Unit (4337)?
Earnings per share at SICO Saudi REIT Fund Unit are −0.0200 SAR. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of SICO Saudi REIT Fund Unit (4337)?
The net margin of SICO Saudi REIT Fund Unit is −4.4% (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 SICO Saudi REIT Fund Unit (4337)?
The return on equity (ROE) of SICO Saudi REIT Fund Unit is −6.3% (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 SICO Saudi REIT Fund Unit (4337)?
On an EBIT basis the return on assets of SICO Saudi REIT Fund Unit is 0.1% (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 SICO Saudi REIT Fund Unit (4337)?
The operating margin of SICO Saudi REIT Fund Unit is 44.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at SICO Saudi REIT Fund Unit (4337)?
Revenue at SICO Saudi REIT Fund Unit is growing +24.3% versus a year earlier (3y avg −17.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does SICO Saudi REIT Fund Unit (4337) generate?
The free cash flow of SICO Saudi REIT Fund Unit is −6.5M 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 SICO Saudi REIT Fund Unit (4337) carry?
The net debt of SICO Saudi REIT Fund Unit is 148M 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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