Saudi Airlines Catering Company (6004) fair value: what the stock is really worth
As of Oct 28, 2026: fair value (intrinsic value) of Saudi Airlines Catering Company stock SAR 35.37, price SAR 56.70, upside -37.6%, quality 48 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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
60‑month range 53.55 SAR – 134.12 SAR · fair‑value band 26.01 SAR – 50.57 SAR · the 56.70 SAR price screens above the 35.37 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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CATRION Catering Holding Company, together with its subsidiaries, offers catering and other support services to flights operated by Saudi Arabian and other airlines in the Kingdom of Saudi Arabia. The company operates through two segments: Inflight and Integrated Hospitality.
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The company offers inflight catering, airline equipment, business lounge and retail ground, onboard and online services; lounges within the airport and railway hospitality; manpower services, coffee shop and cafeteria management, facilities management, catering, and laundry services for remote locations.
It offers remote and camp management, business and industries catering, laundry services, Hajj and Umrah catering; non-airline catering and other services; accommodation; washing and drycleaning; facility management services.
The company also provides technical maintenance to food service and industrial laundry; commercial laundry services; testing services, including bacteriological testing, and food safety management system; tests in air sampling, equipment cleaning, raw materials, and finished food products testing services.
In addition, it is involved in SkySales, onboard retail service offers a range of products, including perfumes, cosmetics, watches, jewellery, electronics, toys and airline-branded goods.
CATRION Catering Holding Company was formerly known as Saudi Airlines Catering Company and changed its name to CATRION Catering Holding Company in October 2023. The company was founded in 1981 and is headquartered in Jeddah, the Kingdom of Saudi Arabia.
Stock analysis
Saudi Airlines Catering Company (6004) currently trades at 56.70 SAR, while our model-based Fair Value estimate is 35.37 SAR, 37.6% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 70.60 SAR per share, and 7 of the 16 models we run sit above the 56.70 SAR price.
Bear case: the Asset-Based group reads lowest at 12.74 SAR, and 9 of the 16 models stay below the price. Data coverage for this calculation is high.
Scenario range: 26.01 SAR (bear) to 50.57 SAR (bull), the price of 56.70 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 48/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Saudi Airlines Catering Company reported revenue of 2.4B SAR in FY2025 versus 1.2B SAR in FY2021, a compound +19.1%/yr. Reported net income was 314M SAR in FY2025, compounding +117.3%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 4.7B SAR (≈ $1.2B) Small · P/E ratio 15.4 · P/S ratio 1.77 · EPS (TTM) 3.67 SAR · Dividend yield 3.8% · Net margin 11.5% · Return on equity 19.2% · Return on assets (EBIT) 10.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 60 out of 100 (low confidence).
What moves the price
The share trades about 40% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −38% fair-value upside, at −38%, 6004 screens richer than that median.
Fair Value models
Bear26.01 SARFair Value 35.37 SARBull50.57 SAR
Price 56.70 SAR · Upside -37.6%
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 (1.26 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+6.2%
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.
+10.3%
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.
+21.4%
Start year 2020 (pandemic). Over 10 years: +0.8% a year
Revenue growth 17 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%
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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.
≈ +9.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ +5.6%
Dividend (yield on the price)3.8%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.base effect: 5.6% / −7.1%
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.−29% → 13%
⚠ Base effect: the rate starts in the earnings trough around 2020 (starting value 2.92 per share, median 6.24 in 2015 to 2018). It measures the recovery from the trough, not lasting growth.
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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.Airports & Air Services · 51 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score48 · Below median
Fair Value upside−37.6% · Bottom 25%
Profitability
Return on equity (12 months)19.2% · Above median
Return on assets9.1% · Above median
Net margin (12 months)11.5% · Above median
Operating margin (12 months)11.2% · Below median
Growth and dividend
Revenue growth (quarter YoY)20.4% · Top 25%
Dividend yield (12 months)3.8% · Above median
Balance sheet
Debt / equity0.24× · Below median
Valuation Multiplesvs Airports & Air Services median · lower = cheaper
P/E (12 months)15.4× · Cheaper than median
P/B2.96× · Priciest 25%
P/S (12 months)1.77× · Cheaper than median
EV/EBITDA10.2× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 49
FUTURE (revenue growth)100· sector 24
PAST (return on equity)77· sector 44
HEALTH (low debt)88· sector 86
DIVIDEND (yield)76· sector 68
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). "Saudi Airlines Catering Company Fair Value". https://www.fairvalue-calculator.com/stock/6004
Frequently asked questions
Is Saudi Airlines Catering Company (6004) overvalued or undervalued?
As of Oct 28, 2026, our model estimates a fair value of 35.37 SAR versus a price of 56.70 SAR, about −38% upside (overvalued).
What is the fair value of 6004?
Our model-based fair value for Saudi Airlines Catering Company is 35.37 SAR (as of Oct 28, 2026), built from audited fundamentals. The current price: 56.70 SAR.
What is the quality score of 6004?
Saudi Airlines Catering Company has a Quality Score of 48/100. 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 Saudi Airlines Catering Company (6004)?
Our model-based price target is the fair value of 35.37 SAR (as of Oct 28, 2026) from 16 valuation models. Cautious scenario 26.01 SAR, optimistic scenario 50.57 SAR. It is a calculation from audited fundamentals, not an analyst target.
What is the Saudi Airlines Catering Company stock forecast for 2026?
Our models put fair value at 35.37 SAR, about −38% upside versus a price of 56.70 SAR (overvalued). Cautious scenario 26.01 SAR, optimistic scenario 50.57 SAR. The calculation is refreshed regularly with new filings.
What is the revenue of Saudi Airlines Catering Company (6004)?
Saudi Airlines Catering Company reported trailing-twelve-month revenue of about 2.6B SAR (latest available figure, as of Oct 28, 2026).
Does Saudi Airlines Catering Company pay a dividend?
Saudi Airlines Catering Company currently shows a dividend yield of 3.79% relative to its recent price (as of Oct 28, 2026).
What is the intrinsic value of Saudi Airlines Catering Company (6004)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Saudi Airlines Catering Company it is 35.37 SAR per share (as of Oct 28, 2026), against a price of 56.70 SAR. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Saudi Airlines Catering Company stock overvalued or undervalued in 2026?
As of Oct 28, 2026, 6004 trades above its calculated fair value: price 56.70 SAR, fair value 35.37 SAR, a gap of about −38% (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 6004?
No. The price is what the market pays today (56.70 SAR); the fair value is what the company's own numbers justify (35.37 SAR). For Saudi Airlines Catering Company the two are 21.33 SAR per share apart. That gap is exactly why we show both numbers side by side.
How much is Saudi Airlines Catering Company worth?
The market values Saudi Airlines Catering Company at about 4.7B SAR (market capitalisation, as of Oct 28, 2026). Per share that is 56.70 SAR; our models calculate a fair value of 35.37 SAR per share.
What do the bullish and bearish scenarios say about 6004?
Our models span a range for Saudi Airlines Catering Company: cautious scenario 26.01 SAR, base 35.37 SAR, optimistic 50.57 SAR per share (as of Oct 28, 2026, price 56.70 SAR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6004?
Saudi Airlines Catering Company trades at a price-to-earnings ratio of 15.4 (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 35.37 SAR is built from several models across several years. Other multiples: P/B 3.0, P/S 1.8, EV/EBITDA 10.2.
How solid is the balance sheet of Saudi Airlines Catering Company (6004)?
Balance-sheet figures for Saudi Airlines Catering Company (as of Oct 28, 2026): return on equity 19.2%, debt of 0.24 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is 6004 from its 52-week high?
Saudi Airlines Catering Company trades at 56.70 SAR, about 40% below its 52-week high of 93.84 SAR and 6% above the low of 53.55 SAR (as of Oct 28, 2026). Distance from the high says nothing about value: that is what the fair value of 35.37 SAR is for.
Which stocks are comparable to Saudi Airlines Catering Company?
From the same area (Industrials) we also value Aena S.M.E., S.A, Airports of Thailand Public Company, GMR Airports Limited, Shanghai International Airport Co, 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 Saudi Airlines Catering Company stock attractive at the current price?
The data as of Oct 28, 2026: price 56.70 SAR, calculated fair value 35.37 SAR (−38%), Quality Score 48/100, 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 6004 calculated?
We run Saudi Airlines Catering 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 35.37 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. Saudi Airlines Catering 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 Saudi Airlines Catering Company (6004)?
The closing price on Oct 28, 2026 was 56.70 SAR. Our model-based fair value is 35.37 SAR, about −38% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Saudi Airlines Catering Company right now?
The price sits above even our optimistic bull case (50.57 SAR). The favourable scenario is already priced in. Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (26.01 SAR to 50.57 SAR) leaves room in how you read the outcome.
Where does the earnings growth of Saudi Airlines Catering Company (6004) come from?
Earnings per share at Saudi Airlines Catering Company grew −7.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +0.4 %, EBIT margin −7.0 %, tax rate −0.6 %, residual (interest, one-offs) −0.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Saudi Airlines Catering Company
How large is the market capitalisation of Saudi Airlines Catering Company (6004)?
The market capitalisation of Saudi Airlines Catering Company is 4.7B SAR (≈ $1.2B). 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 Saudi Airlines Catering Company (6004)?
The price-to-sales ratio of Saudi Airlines Catering Company is 1.77 (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 Saudi Airlines Catering Company (6004)?
Earnings per share at Saudi Airlines Catering Company are 3.67 SAR (price ÷ EPS = P/E 15.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Saudi Airlines Catering Company (6004)?
The dividend yield of Saudi Airlines Catering Company is 3.8% (payout 58.6%). 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 Saudi Airlines Catering Company (6004)?
The net margin of Saudi Airlines Catering Company is 11.5% (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 Saudi Airlines Catering Company (6004)?
The return on equity (ROE) of Saudi Airlines Catering Company is 19.2% (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 Saudi Airlines Catering Company (6004)?
On an EBIT basis the return on assets of Saudi Airlines Catering Company is 10.7% (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 Saudi Airlines Catering Company (6004)?
The operating margin of Saudi Airlines Catering Company is 11.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Saudi Airlines Catering Company (6004)?
Revenue at Saudi Airlines Catering Company is growing +20.4% versus a year earlier (3y avg +10.3%). 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 Saudi Airlines Catering Company (6004)?
Earnings per share at Saudi Airlines Catering Company are growing −27.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Saudi Airlines Catering Company (6004) generate?
The free cash flow of Saudi Airlines Catering Company is −228M 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 Saudi Airlines Catering Company (6004) carry?
The net debt of Saudi Airlines Catering Company is 464M 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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Broad data
Oct 28, 2026