4346 Fair Value & Analysis
Real Estate · Market cap 243M SAR
Fair value as of: Jul 31, 2026
From 20 valuation models · updated today
Share price −2.6% over the past month.
What matters now
- The price sits above even our optimistic bull case (2.23 SAR). The favourable scenario is already priced in.
- The model range is unusually wide (0.5700 SAR to 2.23 SAR). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid but not exceptional quality (58/100) 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 (12 months)
12‑month range 3.32 SAR – 3.82 SAR · fair‑value band 0.5700 SAR – 2.23 SAR · the 3.32 SAR price screens above the 1.45 SAR fair value. As of Jul 31, 2026.
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4346 (4346) currently trades at 3.32 SAR, while our model-based Fair Value estimate is 1.45 SAR, implying the stock looks roughly 56.3% overvalued today. We read business quality at 58/100 (solid quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, 4346 generated revenue of 64.8M SAR at a net margin of 0.6%. Revenue grew 8.8% year over year. It earns a return on equity of 0.1%. Net debt stands at 311M SAR. Fundamentals as of Jul 31, 2026
Our scenario range runs from 0.5700 SAR (bear case) to 2.23 SAR (bull case); at 3.32 SAR, the current price sits above that range. The share trades about 13% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 22% fair-value upside, at -56%, 4346 screens richer than that median.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 31, 2026. TTM = trailing twelve months.
Quality Score breakdown
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.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
4346 reported revenue of 34.5M SAR in FY2025 versus 56.1M SAR in FY2021, a compound −11.4%/yr. Reported net income was 357K SAR in FY2025.
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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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more REIT - Diversified stocks, each showing price versus our Fair Value estimate (as of Jul 31, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Goodman Group GMGSF | $21.70 | $4.84 | -78% |
| VICI Properties Inc VICI | $26.53 | $41.74 | +57% |
| W. P. Carey Inc WPC | $71.43 | $55.97 | -22% |
| Stockland STKAF | $3.00 | $2.58 | -14% |
| Charter Hall Group CTOUF | $15.42 | $12.43 | -19% |
| FNCDY FNCDY | $17.03 | $20.86 | +22% |
| GSEFF GSEFF | $63.01 | $89.17 | +42% |
| The GPT Group GPTGF | $3.41 | $2.44 | -28% |
| COV COV | €55.25 | €93.17 | +69% |
| Fibra Uno FUNO11 | 28.61 MXN | 71.53 MXN | +150% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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