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Arabia Insurance Cooperative Co (8160) Fair Value & Analysis

Financial Services · SA · Market cap 430M SAR

AI Arabia Insurance Cooperative Co 8160 · SR
Price8.41 SAR
Fair Value16.24 SAR
Upside+93.1%
Quality49/100
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Mixed Growth
Loss-making · -8.7% net margin
generates free cash flow
Mixed vs. peers (5/10)
Narrow moat 11/100
Evidence: Low Range 11.75 SAR – 20.72 SAR Share as image

Fair value as of: Aug 13, 2026

From 7 valuation models · updated 3 days ago

Below-average quality, screening 93% undervalued on our models.

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What matters now

  • The price is below even our cautious bear case (11.75 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.
  • Solid quality (49/100) at a price below fair value, the discount is the argument here, not the business quality.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

39.06 SAR 8.02 SAR Fair Value 16.24 SAR Apr 2021 Aug 2026

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 8.02 SAR – 39.06 SAR · fair‑value band 11.75 SAR – 20.72 SAR · the 8.41 SAR price screens below the 16.24 SAR fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Arabia Insurance Cooperative Co (8160) currently trades at 8.41 SAR, while our model-based Fair Value estimate is 16.24 SAR, implying the stock looks roughly 93.1% undervalued today. The Quality Score stands at 49/100 (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, Arabia Insurance Cooperative Co generated revenue of 744M SAR at a net margin of -8.7%. Revenue grew 65.3% year over year. It earns a return on equity of -11.0%. The balance sheet holds a net cash position of 134M SAR. Fundamentals as of Aug 13, 2026

Our scenario range runs from 11.75 SAR (bear case) to 20.72 SAR (bull case); at 8.41 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 about 27% below its 52-week high and 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 2% fair-value upside, at 93%, 8160 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.

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
Highest evidence
Growth DCF 31.50 SAR 52.55 SAR 85.63 SAR 72
Rev-Margin DCF 30.31 SAR 51.16 SAR 94.83 SAR 67
NCAV (Graham) 5.39 SAR 7.22 SAR 10.77 SAR 50
All 7 models by family
DCF Models
FCF DCF 33.45 SAR 47.63 SAR 90.02 SAR 38
5Y Revenue Exit 27.77 SAR 45.06 SAR 81.15 SAR 39
10Y Revenue Exit 29.03 SAR 57.48 SAR 74.71 SAR 36
Multiples
EV/Revenue 23.23 SAR 32.06 SAR 40.90 SAR 43
Asset-Based
NCAV (Graham) 5.39 SAR 7.22 SAR 10.77 SAR 50
Growth DCF
Growth DCF 31.50 SAR 52.55 SAR 85.63 SAR 72
Rev-Margin DCF 30.31 SAR 51.16 SAR 94.83 SAR 67

Widest divergence: Growth DCF (51.16 SAR) versus Asset-Based (7.22 SAR). Highest evidence: Growth DCF (72).

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Key figures & financial health

Revenue (TTM) 744M SAR
Revenue growth (YoY) +65.3%
Net margin -8.7%
Return on equity -11.0%
Free cash flow 120M SAR FY2025
Operating margin -6.4%
More key figures
EPS (TTM) -1.21 SAR
EPS growth (YoY) -97.4%
Net cash 134M SAR FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 56 · Market factors (momentum, volatility) 44

Profitability 31
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 72
Earnings quality: real cash, not paper profit
Fin. Strength 67
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 92
Calm price path (market factor)
Momentum 31
Price trend over the last 3–12 months (market factor)
52W Momentum 11
Distance to the 52-week high (market factor)
Net Issuance 39
Buybacks instead of dilution

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

Arabia Insurance Cooperative Company engages in the provision of insurance products and services in the Kingdom of Saudi Arabia. It operates through six segments: Medical Insurance, Motor Insurance, Fire, Engineering, Marine, and Other.

Full company description

Arabia Insurance Cooperative Company engages in the provision of insurance products and services in the Kingdom of Saudi Arabia. It operates through six segments: Medical Insurance, Motor Insurance, Fire, Engineering, Marine, and Other. It offers medical insurance, which covers medical costs, medicines, and other medical services and supplies; motor insurance; fire insurance; engineering insurance, which provides coverage for builder's risks, construction, mechanical, electrical, electronic work, and machinery disruption; marine insurance, which provides coverage for goods in transit and the vehicles of transportation on main roads; and other insurances. Arabia Insurance Cooperative Company was founded in 2007 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Arabia Insurance Cooperative Co reported revenue of 884M SAR in FY2025 versus 307M SAR in FY2021, a compound +30.2%/yr. Reported net income was −45.2M SAR in FY2025.

Growth Quality 67/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
884M SAR
Latest YoY
+53.0%
Avg. growth/yr (3Y) 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.
+24.7%
Avg. growth/yr (5Y) 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.
+27.7%
Avg. growth/yr (17Y) 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.
+35.4%
Revenue +30.2%/yr
FY21 307M SAR
FY22 456M SAR
FY23 731M SAR
FY24 578M SAR
FY25 884M SAR
Net income
FY21 −5.5M SAR
FY22 7.3M SAR
FY23 66.3M SAR
FY24 31.7M SAR
FY25 −45.2M SAR
Character of growth · EPS growth decomposed (2014-2025) +21.5 % p.a.
Revenue per share −1.1 pp

of which total revenue +6.1 pp · buybacks/dilution −7.2 pp

EBIT margin +25.5 pp
Tax rate −2.1 pp
Residual (interest, one-offs) −0.8 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).

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Cite: Fair Value Calculator (2026). "Arabia Insurance Cooperative Co Fair Value". https://www.fairvalue-calculator.com/stock/8160

Peer Group

Insurance - Property & Casualty · 118 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.

Quality Score 51 · Below median
Fair Value upside +93% · Top 25%
Return on assets -2% · Bottom 25%
Net margin (TTM) -9% · Bottom 25%
Operating margin (TTM) -6% · Bottom 25%
Revenue growth 65% · Top 25%

Valuation Multiples vs Insurance - Property & Casualty median · lower = cheaper

P/B 0.20× · Cheaper than 75% of peers
P/S (TTM) 0.15× · Cheaper than 75% of peers
P/FCF 1.0× · Cheaper than median

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.

VALUE 100 · sector 25
FUTURE 100 · sector 34
PAST 0 · sector 56
HEALTH 0 · sector 92
DIVIDEND 0 · sector 55

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

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 - Property & Casualty stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
The Progressive Corporation PGR $207.37 $160.25 -23%
Chubb Limited CB $343.33 $234.73 -32%
The Travelers Companies, Inc TRV $370.16 $274.42 -26%
The Allstate Corporation ALL $255.84 $316.11 +24%
The People's Insurance Company 601319 ¥6.98 ¥11.61 +66%
PICC Property and Casualty Company 2328 HK$15.52 HK$22.28 +44%
Intact Financial Corporation IFC C$274.14 C$167.46 -39%
Fairfax Financial Holdings FFH C$2,293 C$2,291 -0%
Samsung Fire & Marine Insurance Co 000810 628,000 KRW 698,407 KRW +11%
Powszechny Zaklad Ubezpieczen SA PZU 72.14 PLN 73.80 PLN +2%

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Frequently asked questions

Is Arabia Insurance Cooperative Co (8160) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 16.24 SAR versus a price of 8.41 SAR, about +93% (undervalued).
What is the fair value of 8160?
Our model-based fair value for Arabia Insurance Cooperative Co is 16.24 SAR (as of Aug 13, 2026), built from audited fundamentals. The current price is 8.41 SAR.
What is the quality score of 8160?
Arabia Insurance Cooperative Co has a Quality Score of 49/100. 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 revenue of Arabia Insurance Cooperative Co (8160)?
Arabia Insurance Cooperative Co reported trailing-twelve-month revenue of about 744M SAR (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 8160?
The net profit margin of Arabia Insurance Cooperative Co is about -8.7%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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