Gulf Union Cooperative Insurance (8120) Fair Value & Analysis
Financial Services · SA · Market cap 620M SAR
Fair value as of: Aug 13, 2026
From 6 valuation models · updated 3 days ago
Share price +2.5% over the past month.
Below-average quality, screening 42% undervalued on our models.
What matters now
- The large discount to fair value meets weak quality (43/100). That raises the risk this is a value trap rather than a bargain.
- The price is below even our cautious bear case (15.43 SAR). The market is more pessimistic than our downside scenario.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
- For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range 7.96 SAR – 25.20 SAR · fair‑value band 15.43 SAR – 26.20 SAR · the 14.89 SAR price screens below the 21.16 SAR fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Gulf Union Cooperative Insurance (8120) currently trades at 14.89 SAR, while our model-based Fair Value estimate is 21.16 SAR, implying the stock looks roughly 42.1% undervalued today. The Quality Score stands at 43/100 (below-average quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.
Over the trailing twelve months, Gulf Union Cooperative Insurance generated revenue of 924M SAR at a net margin of -4.3%. Revenue declined 4.1% year over year. It earns a return on equity of -6.8%. The balance sheet holds a net cash position of 45.4M SAR. Fundamentals as of Aug 13, 2026
Our scenario range runs from 15.43 SAR (bear case) to 26.20 SAR (bull case); at 14.89 SAR, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 65% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -33% fair-value upside, at 42%, 8120 screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 6 models by family
Widest divergence: Multiples (21.32 SAR) versus Asset-Based (8.31 SAR). Highest evidence: ROIC Compounder (67).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 47 · Market factors (momentum, volatility) 75
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.
About the company
Gulf Union Alahlia Cooperative Insurance Company provides various insurance products and services in the Kingdom of Saudi Arabia. The company offers motor, health, medical malpractice, SME medical, home, marine, engineering, and domestic labor insurance services, as well as general accident, liability, property, and protection insurances.
Full company description
Gulf Union Alahlia Cooperative Insurance Company provides various insurance products and services in the Kingdom of Saudi Arabia. The company offers motor, health, medical malpractice, SME medical, home, marine, engineering, and domestic labor insurance services, as well as general accident, liability, property, and protection insurances. The company was formerly known as Gulf Union Cooperative Insurance Co. and changed its name to Gulf Union Alahlia Cooperative Insurance Company in December 2020. Gulf Union Alahlia Cooperative Insurance Company was founded in 1983 and is headquartered in Dammam, Kingdom of Saudi Arabia.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Gulf Union Cooperative Insurance reported revenue of 1.1B SAR in FY2025 versus 620M SAR in FY2021, a compound +14.9%/yr. Reported net income was −83.6M SAR in FY2025.
of which total revenue +24.0 pp · buybacks/dilution −11.1 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
Watch 8120: get an alert when its fair value changes →
Peer Group
Insurance - Diversified · 82 stocks
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.
Valuation Multiples vs Insurance - Diversified median · lower = cheaper
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 Insurance - Diversified stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Berkshire Hathaway Inc BRKB | 8,562 MXN | 10,429 MXN | +22% |
| Allianz SE ALV | €437.80 | €266.04 | -39% |
| Zurich Insurance Group ZURN | CHF 589.20 | CHF 392.99 | -33% |
| AXA SA AXAN | 888.28 MXN | 623.98 MXN | -30% |
| Assicurazioni Generali S.p.A G | €43.88 | €13.91 | -68% |
| BB Seguridade Participações S.A BBSE3 | R$36.95 | R$33.94 | -8% |
| Tryg A/S TRYG | kr 151.70 | kr 67.88 | -55% |
| PT Sinar Mas Multiartha Tbk SMMA | 20,175 IDR | 4,617 IDR | -77% |
| ICICI Lombard General Insurance Company ICICIGI | ₹1,635 | ₹589.67 | -64% |
| The New India Assurance Company NIACL | ₹181.09 | ₹128.57 | -29% |
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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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