Wataniya Insurance Company (8300) fair value: what the stock is really worth
As of Oct 28, 2026: fair value (intrinsic value) of Wataniya Insurance Company stock SAR 11.37, price SAR 12.86, upside -11.6%, quality 46 out of 100. Rating: 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 11.20 SAR – 35.72 SAR · fair‑value band 11.37 SAR – 15.75 SAR · the 12.86 SAR price screens above the 11.37 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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Wataniya Insurance Company provides insurance products and services in the Kingdom of Saudi Arabia. It operates through Marine, Property, Motor Comprehensive, Motor Third Party Liability, Engineering, Accident & Liability, and Term Life segments.
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The company offers insurance against losses and liability related to marine vessels and cargo; fire and other insurance; insurance against damages to vehicles due to storm, tempest, flood, fire, theft, and personal accident; insurance against liability to third parties arising through accidents; and insurance for builder's risks, construction, mechanical, electrical, electronic, and machinery breakdown, as well as life insurance.
It also provides money insurance, fidelity guarantee, business all risk, business travel, and exhibition insurance; and general third-party liability, product liability, workmen's compensation/employer's liability, and damages to motor vehicles after the manufacturer warranty expires, as well as professional indemnity cover protecting the insured's legal liability arising out of acts of negligence during their business operations.
The company was founded in 1975 and is headquartered in Jeddah, the Kingdom of Saudi Arabia.
Stock analysis
Wataniya Insurance Company (8300) currently trades at 12.86 SAR, while our model-based Fair Value estimate is 11.37 SAR, 11.6% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 12.05 SAR per share, and 1 of the 4 models we run sit above the 12.86 SAR price.
Bear case: the Asset-Based group reads lowest at 10.55 SAR, and 3 of the 4 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 11.37 SAR (bear) to 15.75 SAR (bull), the price of 12.86 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 46/100 (below-average quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Wataniya Insurance Company reported revenue of 1.9B SAR in FY2025 versus 559M SAR in FY2021, a compound +35.8%/yr. Reported net income was 37.1M SAR in FY2025.
Key figures
Market cap 513M SAR (≈ $137M) Micro · P/E ratio 13.7 · P/S ratio 0.22 · EPS (TTM) 0.9400 SAR · Net margin 1.7% · Return on equity 6.2% · Return on assets (EBIT) 1.3% · Operating margin 3.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 34 out of 100 (medium confidence).
What moves the price
The share trades about 16% below its 52-week high and 15% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −27% fair-value upside, at −12%, 8300 screens cheaper than that median.
Fair Value models
Bear11.37 SARFair Value 11.37 SARBull15.75 SAR
Price 12.86 SAR · Upside -11.6%
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 (0.7778 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.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+42.5%
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.
+50.7%
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.
+31.6%
Start year 2020 (pandemic). Over 10 years: +23.3% a year
Revenue growth 15 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.
+22.5%
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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.
+12.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+12.5%
Dividend (yield on the price)0.0%
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.12.5% vs −0.2%, picking up
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.4% → 3%
Compare Wataniya Insurance Company 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.Insurance - Diversified · 80 stocks
Beats the industry median on 5/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score46 · Bottom 25%
Fair Value upside−11.6% · Above median
Profitability
Return on equity (12 months)6.2% · Bottom 25%
Return on assets1.8% · Below median
Net margin (12 months)1.7% · Bottom 25%
Operating margin (12 months)3.2% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)56.4% · Top 25%
Valuation Multiplesvs Insurance - Diversified 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). "Wataniya Insurance Company Fair Value". https://www.fairvalue-calculator.com/stock/8300
Frequently asked questions
Is Wataniya Insurance Company (8300) overvalued or undervalued?
As of Oct 28, 2026, our model estimates a fair value of 11.37 SAR versus a price of 12.86 SAR, about −12% upside (overvalued).
What is the fair value of 8300?
Our model-based fair value for Wataniya Insurance Company is 11.37 SAR (as of Oct 28, 2026), built from audited fundamentals. The current price: 12.86 SAR.
What is the quality score of 8300?
Wataniya Insurance Company has a Quality Score of 46/100. 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 Wataniya Insurance Company (8300)?
Our model-based price target is the fair value of 11.37 SAR (as of Oct 28, 2026) from 4 valuation models. Cautious scenario 11.37 SAR, optimistic scenario 15.75 SAR. It is a calculation from audited fundamentals, not an analyst target.
What is the Wataniya Insurance Company stock forecast for 2026?
Our models put fair value at 11.37 SAR, about −12% upside versus a price of 12.86 SAR (overvalued). Cautious scenario 11.37 SAR, optimistic scenario 15.75 SAR. The calculation is refreshed regularly with new filings.
What is the revenue of Wataniya Insurance Company (8300)?
Wataniya Insurance Company reported trailing-twelve-month revenue of about 2.4B SAR (latest available figure, as of Oct 28, 2026).
What is the intrinsic value of Wataniya Insurance Company (8300)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Wataniya Insurance Company it is 11.37 SAR per share (as of Oct 28, 2026), against a price of 12.86 SAR. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Wataniya Insurance Company stock overvalued or undervalued in 2026?
As of Oct 28, 2026, 8300 trades above its calculated fair value: price 12.86 SAR, fair value 11.37 SAR, a gap of about −12% (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 8300?
No. The price is what the market pays today (12.86 SAR); the fair value is what the company's own numbers justify (11.37 SAR). For Wataniya Insurance Company the two are 1.49 SAR per share apart. That gap is exactly why we show both numbers side by side.
How much is Wataniya Insurance Company worth?
The market values Wataniya Insurance Company at about 513M SAR (market capitalisation, as of Oct 28, 2026). Per share that is 12.86 SAR; our models calculate a fair value of 11.37 SAR per share.
What do the bullish and bearish scenarios say about 8300?
Our models span a range for Wataniya Insurance Company: cautious scenario 11.37 SAR, base 11.37 SAR, optimistic 15.75 SAR per share (as of Oct 28, 2026, price 12.86 SAR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 8300?
Wataniya Insurance Company trades at a price-to-earnings ratio of 13.7 (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 11.37 SAR is built from several models across several years. Other multiples: P/B 0.8, P/S 0.2, EV/EBITDA 7.4.
How solid is the balance sheet of Wataniya Insurance Company (8300)?
Balance-sheet figures for Wataniya Insurance Company (as of Oct 28, 2026): return on equity 6.2%. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is 8300 from its 52-week high?
Wataniya Insurance Company trades at 12.86 SAR, about 16% below its 52-week high of 15.40 SAR and 15% above the low of 11.20 SAR (as of Oct 28, 2026). Distance from the high says nothing about value: that is what the fair value of 11.37 SAR is for.
Which stocks are comparable to Wataniya Insurance Company?
From the same area (Financial Services) we also value Allianz SE, Zurich Insurance Group, AXA SA, Assicurazioni Generali S.p.A, 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 Wataniya Insurance Company stock attractive at the current price?
The data as of Oct 28, 2026: price 12.86 SAR, calculated fair value 11.37 SAR (−12%), Quality Score 46/100, from 4 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 8300 calculated?
We run Wataniya Insurance Company through 4 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 11.37 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. Wataniya Insurance 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 Wataniya Insurance Company (8300)?
The closing price on Oct 28, 2026 was 12.86 SAR. Our model-based fair value is 11.37 SAR, about −12% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Wataniya Insurance Company right now?
For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Where does the earnings growth of Wataniya Insurance Company (8300) come from?
Earnings per share at Wataniya Insurance Company grew +7.5 % a year from 2014 to 2025. Broken into its drivers: revenue per share +15.4 %, EBIT margin −26.6 %, tax rate −1.7 %, residual (interest, one-offs) +29.1 %. 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 Wataniya Insurance Company
How large is the market capitalisation of Wataniya Insurance Company (8300)?
The market capitalisation of Wataniya Insurance Company is 513M SAR (≈ $137M). 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 Wataniya Insurance Company (8300)?
The price-to-sales ratio of Wataniya Insurance Company is 0.22 (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 Wataniya Insurance Company (8300)?
Earnings per share at Wataniya Insurance Company are 0.9400 SAR (price ÷ EPS = P/E 13.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Wataniya Insurance Company (8300)?
The net margin of Wataniya Insurance Company is 1.7% (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 Wataniya Insurance Company (8300)?
The return on equity (ROE) of Wataniya Insurance Company is 6.2% (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 Wataniya Insurance Company (8300)?
On an EBIT basis the return on assets of Wataniya Insurance Company is 1.3% (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 Wataniya Insurance Company (8300)?
The operating margin of Wataniya Insurance Company is 3.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Wataniya Insurance Company (8300)?
Revenue at Wataniya Insurance Company is growing +56.4% versus a year earlier (3y avg +50.7%). 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 Wataniya Insurance Company (8300)?
Earnings per share at Wataniya Insurance Company are growing +42.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Wataniya Insurance Company (8300) generate?
The free cash flow of Wataniya Insurance Company is −67.8M 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 cash does Wataniya Insurance Company (8300) hold?
Wataniya Insurance Company holds more cash than debt, 99.1M SAR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Oct 28, 2026