Development Works Food Co (6013) fair value: what the stock is really worth
As of Oct 29, 2026: fair value (intrinsic value) of Development Works Food Co stock SAR 73.68, price SAR 70.60, upside +4.4%, quality 45 out of 100. Rating: fairly valued. 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 47.50 SAR – 303.00 SAR · fair‑value band 46.60 SAR – 109.97 SAR · the 70.60 SAR price screens below the 73.68 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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Development Works Food Company operates restaurants in Saudi Arabia. The company is involved in fast food activities, including pizza, coffee, and ice cream shops, as well as serves fresh juices and cold drinks.
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It also engages in general construction of residential buildings, non-residential buildings, such as hospitals and hotels prefabricated buildings on sites; and renovations of residential and non-residential buildings.
In addition, the company provides mobile ice cream and food truck, and mobile food services, as well as operates fish and seafood grill shops, meat grill shops. Development Works Food Company was incorporated in 2010 and is headquartered in Riyadh, Saudi Arabia.
Stock analysis
Development Works Food Co (6013) currently trades at 70.60 SAR, while our model-based Fair Value estimate is 73.68 SAR, so the stock looks roughly fairly valued today (gap 4.2%).
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Valuation
Bull case: the DCF Models group reads highest at a median of 60.87 SAR per share, and 4 of the 11 models we run sit above the 70.60 SAR price.
Bear case: the Multiples group reads lowest at 30.99 SAR, and 7 of the 11 models stay below the price. Data coverage for this calculation is low.
Scenario range: 46.60 SAR (bear) to 109.97 SAR (bull), the price of 70.60 SAR sits inside 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 45/100 (below-average quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Development Works Food Co reported revenue of 104M SAR in FY2025 versus 101M SAR in FY2021, a compound +0.8%/yr. Reported net income was −5.6M SAR in FY2025.
Key figures
Market cap 229M SAR (≈ $61.0M) Micro · P/S ratio 2.26 · EPS (TTM) −3.08 SAR · Net margin −9.8% · Return on equity −52.5% · Return on assets (EBIT) −1.2% · Operating margin −5.3% · Revenue (TTM) 96.1M SAR.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 9 out of 100 (medium confidence).
What moves the price
The share trades about 51% below its 52-week high and 12% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −23% fair-value upside, at 4%, 6013 screens cheaper than that median.
Fair Value models
Bear46.60 SARFair Value 73.68 SARBull109.97 SAR
Price 70.60 SAR · Upside +4.4%
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.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.39/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+7.0%
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.
+1.8%
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.
+2.0%
Start year 2020 (pandemic). Over 10 years: +11.6% a year
Revenue growth 13 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.
+31.6%
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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.
−1.3% (2020) → −2.5% (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
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+12.3%
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 +10.0% a year for the price.
Compare Development Works Food Co 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.Restaurants · 212 stocks
Beats the industry median on 2/10 measures
Overall it trails its industry peers.
Valuation
Quality Score45 · Below median
Fair Value upside+2.0% · Above median
Profitability
Return on assets−8.0% · Bottom 25%
Net margin (12 months)−9.8% · Bottom 25%
Operating margin (12 months)−5.3% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−21.8% · Bottom 25%
Balance sheet
Debt / equity0.07× · Below median
Valuation Multiplesvs Restaurants 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). "Development Works Food Co Fair Value". https://www.fairvalue-calculator.com/stock/6013
Frequently asked questions
Is Development Works Food Co (6013) overvalued or undervalued?
As of Oct 28, 2026, our model estimates a fair value of 73.68 SAR versus a price of 70.60 SAR, about +4% upside (fairly valued).
What is the fair value of 6013?
Our model-based fair value for Development Works Food Co is 73.68 SAR (as of Oct 28, 2026), built from audited fundamentals. The current price: 70.60 SAR.
What is the quality score of 6013?
Development Works Food Co has a Quality Score of 45/100. 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 Development Works Food Co (6013)?
Our model-based price target is the fair value of 73.68 SAR (as of Oct 28, 2026) from 11 valuation models. Cautious scenario 46.60 SAR, optimistic scenario 109.97 SAR. It is a calculation from audited fundamentals, not an analyst target.
What is the Development Works Food Co stock forecast for 2026?
Our models put fair value at 73.68 SAR, about +4% upside versus a price of 70.60 SAR (fairly valued). Cautious scenario 46.60 SAR, optimistic scenario 109.97 SAR. The calculation is refreshed regularly with new filings.
What is the revenue of Development Works Food Co (6013)?
Development Works Food Co reported trailing-twelve-month revenue of about 96.1M SAR (latest available figure, as of Oct 28, 2026).
What growth is priced into Development Works Food Co (6013)?
For today's price to be fair in a discounted-cash-flow model, Development Works Food Co would have to grow free cash flow by +12.3 % per year for five years (discount rate 11.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +2.0 % per year. As of Oct 28, 2026.
What discount rate (WACC) does the fair value of 6013 use?
Our models discount Development Works Food Co at 11.9 %: a base by market capitalisation (micro), damped by beta 0.60, 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 Development Works Food Co that is +12.3 % per year a year over ten years, using the same discount rate (11.9 %) and the same formula as our fair value.
How much growth has Development Works Food Co (6013) delivered so far?
Over the past 5 years revenue at Development Works Food Co grew +2.0 % a year. The price currently implies +12.3 % 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 Development Works Food Co (6013) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Development Works Food Co (+12.3 % 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 Development Works Food Co (6013)?
The free-cash-flow yield on the price is 5.83 %: that much free cash flow Development Works Food Co produces per unit of market value. When it exceeds the discount rate of our models (11.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Development Works Food Co (6013)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Development Works Food Co it is 73.68 SAR per share (as of Oct 28, 2026), against a price of 70.60 SAR. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is Development Works Food Co stock overvalued or undervalued in 2026?
As of Oct 28, 2026, 6013 trades below its calculated fair value: price 70.60 SAR, fair value 73.68 SAR, a gap of about +4% (fairly valued). 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 6013?
No. The price is what the market pays today (70.60 SAR); the fair value is what the company's own numbers justify (73.68 SAR). For Development Works Food Co the two are 3.08 SAR per share apart. That gap is exactly why we show both numbers side by side.
How much is Development Works Food Co worth?
The market values Development Works Food Co at about 229M SAR (market capitalisation, as of Oct 28, 2026). Per share that is 70.60 SAR; our models calculate a fair value of 73.68 SAR per share.
What do the bullish and bearish scenarios say about 6013?
Our models span a range for Development Works Food Co: cautious scenario 46.60 SAR, base 73.68 SAR, optimistic 109.97 SAR per share (as of Oct 28, 2026, price 70.60 SAR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Development Works Food Co (6013)?
Balance-sheet figures for Development Works Food Co (as of Oct 28, 2026): return on equity −52.5%, debt of 0.07 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is 6013 from its 52-week high?
Development Works Food Co trades at 70.60 SAR, about 51% below its 52-week high of 143.80 SAR and 12% above the low of 63.25 SAR (as of Oct 29, 2026). Distance from the high says nothing about value: that is what the fair value of 73.68 SAR is for.
Which stocks are comparable to Development Works Food Co?
From the same area (Consumer Cyclical) we also value McDonald's Corporation, Starbucks Corporation, Yum! Brands, Inc, Chipotle Mexican Grill, Inc, 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 Development Works Food Co stock attractive at the current price?
The data as of Oct 28, 2026: price 70.60 SAR, calculated fair value 73.68 SAR (+4%), Quality Score 45/100, from 11 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 6013 calculated?
We run Development Works Food Co through 11 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 73.68 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. Development Works Food Co currently trades 4 % 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 Development Works Food Co (6013)?
The closing price on Oct 29, 2026 was 70.60 SAR. Our model-based fair value is 73.68 SAR, about +4% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Development Works Food Co right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (46.60 SAR to 109.97 SAR) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Development Works Food Co
How large is the market capitalisation of Development Works Food Co (6013)?
The market capitalisation of Development Works Food Co is 229M SAR (≈ $61.0M). 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 Development Works Food Co (6013)?
The price-to-sales ratio of Development Works Food Co is 2.26 (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 Development Works Food Co (6013)?
Earnings per share at Development Works Food Co are −3.08 SAR. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Development Works Food Co (6013)?
The net margin of Development Works Food Co is −9.8% (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 Development Works Food Co (6013)?
The return on equity (ROE) of Development Works Food Co is −52.5% (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 Development Works Food Co (6013)?
On an EBIT basis the return on assets of Development Works Food Co is −1.2% (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 Development Works Food Co (6013)?
The operating margin of Development Works Food Co is −5.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Development Works Food Co (6013)?
Revenue at Development Works Food Co is growing −21.8% versus a year earlier (3y avg +1.8%). 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 Development Works Food Co (6013)?
Earnings per share at Development Works Food Co are growing −90.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Development Works Food Co (6013) carry?
The net debt of Development Works Food Co is 32.1M SAR (fiscal year 2025, ≈ 2.4 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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Thin data
Oct 28, 2026