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9526 Fair Value & Analysis

Consumer Cyclical · Market cap 7.7B SAR

9 9526 9526 · SR
Price11.55 SAR
Fair Value4.14 SAR
Upside-64.2%
Quality53/100
Mixed Growth
Thin margins · 5.3% net margin
generates free cash flow
Mixed vs. peers (7/12)
Narrow moat 33/100
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Evidence: Medium Range 3.10 SAR – 4.96 SAR Share as image

Fair value as of: Jul 31, 2026

From 24 valuation models · updated today

Share price −14.2% over the past month.

What matters now

  • The price sits above even our optimistic bull case (4.96 SAR). The favourable scenario is already priced in.
  • Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (12 months)

27.80 SAR 10.79 SAR Fair Value 4.14 SAR Jul 2025 Jul 2026

12‑month range 10.79 SAR – 27.80 SAR · fair‑value band 3.10 SAR – 4.96 SAR · the 11.55 SAR price screens above the 4.14 SAR fair value. As of Jul 31, 2026.

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Analysis

9526 (9526) currently trades at 11.55 SAR, while our model-based Fair Value estimate is 4.14 SAR, implying the stock looks roughly 64.2% overvalued today. We read business quality at 53/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, 9526 generated revenue of 2.0B SAR at a net margin of 5.3%. Revenue grew 28.5% year over year. It earns a return on equity of 9.4%. The balance sheet holds a net cash position of 1.0B SAR. Fundamentals as of Jul 31, 2026

Our scenario range runs from 3.10 SAR (bear case) to 4.96 SAR (bull case); at 11.55 SAR, the current price sits above that range. The share trades about 59% below its 52-week high and 8% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 13% fair-value upside, at -64%, 9526 screens richer than that median.

Key figures & financial health

Revenue (TTM) 2.0B SAR
Revenue growth (YoY) +28.5%
Net margin 5.3%
Return on equity 9.4%
Free cash flow 220M SAR FY2023
P/E ratio 72.3
More key figures
Operating margin 5.1%
EPS (TTM) 0.5200 SAR
EPS growth (YoY) -38.7%
Net cash 1.0B SAR FY2023

Figures from reported company fundamentals · as of Jul 31, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100
Profitability 52
Quality Growth 63
Cashflow 74
Fin. Strength 100
Investment 33
Low Volatility 74
Momentum 14
52W Momentum 2
Net Issuance 85

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.

Revenue & earnings trend

FY2019 – FY2023 · reported fiscal years

9526 reported revenue of 1.8B SAR in FY2023 versus 159M SAR in FY2019, a compound +83.2%/yr. Reported net income was 125M SAR in FY2023.

Revenue +83.2%/yr
FY19 159M SAR
FY20 459M SAR
FY21 1.2B SAR
FY22 1.6B SAR
FY23 1.8B SAR
Net income
FY19 −6.4M SAR
FY20 39.7M SAR
FY21 117M SAR
FY22 59.0M SAR
FY23 125M SAR

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Cite: Fair Value Calculator (2026). "9526 Fair Value". https://www.fairvalue-calculator.com/stock/9526

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 0 / 24
FUTURE 100 / 45
PAST 38 / 5
HEALTH 0 / 94
DIVIDEND 0 / 39

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 Internet Retail stocks, each showing price versus our Fair Value estimate (as of Jul 31, 2026).

Stock Price Fair Value vs Fair Value
Amazon.com, Inc AMZO34 R$61.01 R$6.91 -89%
Alibaba Group BABAF $12.85 $9.08 -29%
Naspers Limited NAPRF $52.01 $9.39 -82%
PDD Holdings PDD $78.11 $299.53 +283%
Prosus N.V 1TY €39.21 €44.11 +13%
MercadoLibre, Inc MELI $1,589 $1,830 +15%
DoorDash, Inc DASH $151.00 $63.49 -58%
Sea Limited S2EA34 R$18.49 R$20.94 +13%
Meituan MPNGF $9.20 $15.97 +74%
eBay Inc EBAY $106.41 $53.17 -50%

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Frequently asked questions

Is 9526 overvalued or undervalued?
As of Jul 31, 2026, our model estimates a fair value of 4.14 SAR versus a price of 11.55 SAR, about −64% (overvalued).
What is the fair value of 9526?
Our model-based fair value for 9526 is 4.14 SAR (as of Jul 31, 2026), built from audited fundamentals. The current price is 11.55 SAR.
What is the quality score of 9526?
9526 has a Quality Score of 53/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of 9526?
9526 reported trailing-twelve-month revenue of about 2.0B SAR (latest available figure, as of Jul 31, 2026).
What is the net profit margin of 9526?
The net profit margin of 9526 is about 5.3%, meaning it keeps roughly 5.3% of revenue as net income. 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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