Development Works Food Co (6013) fair value: what the stock is really worth
We calculate from audited financials what Development Works Food Co 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.
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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 47.17 SAR – 303.00 SAR · fair‑value band 42.64 SAR – 96.61 SAR · the 90.20 SAR price screens above the 65.49 SAR fair value. Dashed = 300-day average. As of Sep 13, 2026.
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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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. 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 90.20 SAR, while our model-based Fair Value estimate is 65.49 SAR, implying the stock looks roughly 37.7% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 53.45 SAR per share, and 0 of the 11 models we run sit above the 90.20 SAR price.
Bear case: the Multiples group reads lowest at 41.58 SAR, and 11 of the 11 models stay below the price. Evidence for this calculation is medium.
Scenario range: 42.64 SAR (bear) to 96.61 SAR (bull), the price of 90.20 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 293M SAR (≈ $77.9M) · P/S ratio 2.66 · EPS (TTM) −2.15 SAR · Net margin −5.4% · Return on equity −35.5% · Return on assets (EBIT) −1.2% · Operating margin 1.6% · Revenue (TTM) 102M SAR.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (medium confidence).
What moves the price
The share trades about 40% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −27% fair-value upside, at −27%, 6013 screens richer than that median.
Fair Value models
Bear 42.64 SARFair Value 65.49 SARBull 96.61 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.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%
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).
+16.6%
Yearly growth needed for the next five years to justify today's 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 · 223 stocks
Beats the industry median on 0/11 measures
Overall it trails its industry peers.
Valuation
Quality Score45 · Below median
Fair Value upside−40% · Bottom 25%
Profitability
Return on assets−3% · Bottom 25%
Net margin (TTM)−6% · Bottom 25%
Operating margin (TTM)2% · Below median
Growth and dividend
Revenue growth−7% · Bottom 25%
Balance sheet
Debt / equity0.07× · Above median
Valuation Multiplesvs Restaurants median · lower = cheaper
P/B4.25× · Priciest 25%
P/S (TTM)0.71× · Pricier than median
P/FCF5.4× · Pricier than median
EV/EBITDA27.6× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 40
FUTURE (revenue growth)0· sector 18
PAST (return on equity)0· sector 16
HEALTH (low debt)96· sector 97
DIVIDEND (yield)0· 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). "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 Sep 13, 2026, our model estimates a fair value of 65.49 SAR versus a price of 90.20 SAR, about −27% upside (overvalued).
What is the fair value of 6013?
Our model-based fair value for Development Works Food Co is 65.49 SAR (as of Sep 13, 2026), built from audited fundamentals. The current price: 90.20 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 65.49 SAR (as of Sep 13, 2026) from 11 valuation models. Cautious scenario 42.64 SAR, optimistic scenario 96.61 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 65.49 SAR, about −27% upside versus a price of 90.20 SAR (overvalued). Cautious scenario 42.64 SAR, optimistic scenario 96.61 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 102M SAR (latest available figure, as of Sep 13, 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 +16.6 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +2.0 % per year. As of Sep 13, 2026.
What discount rate (WACC) does the fair value of 6013 use?
Our models discount Development Works Food Co at 11.8 %: a base by market capitalisation (micro), damped by beta 0.52, 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 +16.6 % per year a year over ten years, using the same discount rate (11.8 %) 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 +16.6 % 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 +2.6 % a year. That is the yardstick for the growth priced into Development Works Food Co (+16.6 % 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 4.56 %: that much free cash flow Development Works Food Co produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), 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 65.49 SAR per share (as of Sep 13, 2026), against a price of 90.20 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 Sep 13, 2026, 6013 trades above its calculated fair value: price 90.20 SAR, fair value 65.49 SAR, a gap of about −27% (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 6013?
No. The price is what the market pays today (90.20 SAR); the fair value is what the company's own numbers justify (65.49 SAR). For Development Works Food Co the two are 24.71 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 293M SAR (market capitalisation, as of Sep 13, 2026). Per share that is 90.20 SAR; our models calculate a fair value of 65.49 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 42.64 SAR, base 65.49 SAR, optimistic 96.61 SAR per share (as of Sep 13, 2026, price 90.20 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 Sep 13, 2026): return on equity −35.5%, 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 90.20 SAR, about 40% below its 52-week high of 149.70 SAR and 10% above the low of 82.10 SAR (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of 65.49 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, Chipotle Mexican Grill, Inc, Yum! Brands, 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 Sep 13, 2026: price 90.20 SAR, calculated fair value 65.49 SAR (−27%), 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 65.49 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. Development Works Food Co 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 Development Works Food Co right now?
Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (42.64 SAR to 96.61 SAR) leaves room in how you read the outcome.
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 293M SAR (≈ $77.9M). 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 2.66 (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 −2.15 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 −5.4% (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 Development Works Food Co (6013)?
The return on equity (ROE) of Development Works Food Co is −35.5% (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 1.6% (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 −6.9% 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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