Naseej for Communication and Information Technology Co. (9538) fair value: what the stock is really worth
We calculate from audited financials what Naseej for Communication and Information Technology 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
51‑month range 20.84 SAR – 1,000,000 SAR · fair‑value band 14.00 SAR – 23.34 SAR · the 20.84 SAR price screens above the 18.67 SAR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 13, 2026.
Naseej for Technology Co. engages in providing databases and information system services. It offers internet, electronic communications, maintenance of computer devices and network services, as well as wholesale and retails library equipment and office furniture.
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Naseej for Technology Co. engages in providing databases and information system services. It offers internet, electronic communications, maintenance of computer devices and network services, as well as wholesale and retails library equipment and office furniture. In addition, it provides education portfolio solutions, comprising campus and learning management, institutional effectiveness management, digital educational content development, training and talent management. Further, the company offers knowledge asset management solutions, including information and library management, smart solutions and robotics, museums and historical archives management, digitizing and curation services, cultural digital advisory, electronic information resources and knowledge and antiquities management. Additionally, it provides business solutions, such as digital experience platforms, business process automation, data management, and managed IT services. Naseej for Technology Co. was founded in 1989 and is headquartered in Riyadh, Saudi Arabia.
Stock analysis
Naseej for Communication and Information Technology Co. (9538) currently trades at 20.84 SAR, while our model-based Fair Value estimate is 18.67 SAR, implying the stock looks roughly 11.6% overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 26.76 SAR per share, and 12 of the 24 models we run sit above the 20.84 SAR price.
Bear case: the Earnings-Based group reads lowest at 8.02 SAR, and 12 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: 14.00 SAR (bear) to 23.34 SAR (bull), the price of 20.84 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 58/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Naseej for Communication and Information Technology Co. reported revenue of 228M SAR in FY2025 versus 194M SAR in FY2021, a compound +4.0%/yr. Reported net income was 5.2M SAR in FY2025, compounding −29.4%/yr from FY2021.
Key figures
Market cap 178M SAR (≈ $47.3M) · P/E ratio 30.2 · P/S ratio 0.68 · EPS (TTM) 0.6900 SAR · Dividend yield 0.1% · Net margin 2.3% · Return on equity 4.3% · Return on assets (EBIT) 8.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
For context, the median of 10 Technology peers we cover trades at 66% fair-value upside, at −10%, 9538 screens richer than that median.
Fair Value models
Bear 14.00 SARFair Value 18.67 SARBull 23.34 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. Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then (0.4858 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.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.56/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−7.8%
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.
+1.9%
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.
+2.1%
Revenue growth 6 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.
+4.2%
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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. Basis: EBIT basis.
−2.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−2.5%
Dividend (yield on the price)0.1%
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.6% → 5%
Growth Forecast
Little optimism in the price
The price assumes less 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).
−23.6%
Yearly growth needed for the next five years to justify today's price.
Compare Naseej for Communication and Information Technology 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.Information Technology Services · 479 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside−16% · Below median
Profitability
Return on equity (TTM)4% · Below median
Return on assets2% · Below median
Net margin (TTM)2% · Below median
Operating margin (TTM)7% · Above median
Growth and dividend
Revenue growth−11% · Bottom 25%
Dividend yield (TTM)0.1% · Bottom 25%
Valuation Multiplesvs Information Technology Services 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). "Naseej for Communication and Information Technology Co. Fair Value". https://www.fairvalue-calculator.com/stock/9538
Frequently asked questions
Is Naseej for Communication and Information Technology Co. (9538) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of 18.67 SAR versus a price of 20.84 SAR, about −10% upside (overvalued).
What is the fair value of 9538?
Our model-based fair value for Naseej for Communication and Information Technology Co. is 18.67 SAR (as of Sep 13, 2026), built from audited fundamentals. The current price: 20.84 SAR.
What is the quality score of 9538?
Naseej for Communication and Information Technology Co. has a Quality Score of 58/100. 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 Naseej for Communication and Information Technology Co. (9538)?
Our model-based price target is the fair value of 18.67 SAR (as of Sep 13, 2026) from 24 valuation models. Cautious scenario 14.00 SAR, optimistic scenario 23.34 SAR. It is a calculation from audited fundamentals, not an analyst target.
What is the Naseej for Communication and Information Technology Co. stock forecast for 2026?
Our models put fair value at 18.67 SAR, about −10% upside versus a price of 20.84 SAR (overvalued). Cautious scenario 14.00 SAR, optimistic scenario 23.34 SAR. The calculation is refreshed regularly with new filings.
What is the revenue of Naseej for Communication and Information Technology Co. (9538)?
Naseej for Communication and Information Technology Co. reported trailing-twelve-month revenue of about 228M SAR (latest available figure, as of Sep 13, 2026).
Does Naseej for Communication and Information Technology Co. pay a dividend?
Naseej for Communication and Information Technology Co. currently shows a dividend yield of about 0.12% relative to its recent price (as of Sep 13, 2026).
What growth is priced into Naseej for Communication and Information Technology Co. (9538)?
For today's price to be fair in a discounted-cash-flow model, Naseej for Communication and Information Technology Co. would have to grow free cash flow by -23.6 % per year for five years (discount rate 9.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +2.1 % per year. As of Sep 13, 2026.
What discount rate (WACC) does the fair value of 9538 use?
Our models discount Naseej for Communication and Information Technology Co. at 9.0 %: a base by market capitalisation (nano), damped by beta 0.12, 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 Naseej for Communication and Information Technology Co. that is -23.6 % per year a year over ten years, using the same discount rate (9.0 %) and the same formula as our fair value.
How much growth has Naseej for Communication and Information Technology Co. (9538) delivered so far?
Over the past 5 years revenue at Naseej for Communication and Information Technology Co. grew +2.1 % a year. The price currently implies -23.6 % 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 Naseej for Communication and Information Technology Co. (9538) growing?
The median revenue growth in the sector is +8.1 % a year. That is the yardstick for the growth priced into Naseej for Communication and Information Technology Co. (-23.6 % 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 Naseej for Communication and Information Technology Co. (9538)?
The free-cash-flow yield on the price is 20.16 %: that much free cash flow Naseej for Communication and Information Technology Co. produces per unit of market value. When it exceeds the discount rate of our models (9.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Naseej for Communication and Information Technology Co. (9538)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Naseej for Communication and Information Technology Co. it is 18.67 SAR per share (as of Sep 13, 2026), against a price of 20.84 SAR. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Naseej for Communication and Information Technology Co. stock overvalued or undervalued in 2026?
As of Sep 13, 2026, 9538 trades above its calculated fair value: price 20.84 SAR, fair value 18.67 SAR, a gap of about −10% (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 9538?
No. The price is what the market pays today (20.84 SAR); the fair value is what the company's own numbers justify (18.67 SAR). For Naseej for Communication and Information Technology Co. the two are 2.17 SAR per share apart. That gap is exactly why we show both numbers side by side.
How much is Naseej for Communication and Information Technology Co. worth?
The market values Naseej for Communication and Information Technology Co. at about 178M SAR (market capitalisation, as of Sep 13, 2026). Per share that is 20.84 SAR; our models calculate a fair value of 18.67 SAR per share.
What do the bullish and bearish scenarios say about 9538?
Our models span a range for Naseej for Communication and Information Technology Co.: cautious scenario 14.00 SAR, base 18.67 SAR, optimistic 23.34 SAR per share (as of Sep 13, 2026, price 20.84 SAR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 9538?
Naseej for Communication and Information Technology Co. trades at a price-to-earnings ratio of 30.2 (as of Sep 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 18.67 SAR is built from several models across several years. Other multiples: P/B 0.4, P/S 0.2, EV/EBITDA 1.0.
How solid is the balance sheet of Naseej for Communication and Information Technology Co. (9538)?
Balance-sheet figures for Naseej for Communication and Information Technology Co. (as of Sep 13, 2026): return on equity 4.3%. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
Which stocks are comparable to Naseej for Communication and Information Technology Co.?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Infosys Limited, 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 Naseej for Communication and Information Technology Co. stock attractive at the current price?
The data as of Sep 13, 2026: price 20.84 SAR, calculated fair value 18.67 SAR (−10%), Quality Score 58/100, from 24 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 9538 calculated?
We run Naseej for Communication and Information Technology Co. through 24 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 18.67 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. Naseej for Communication and Information Technology 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 Naseej for Communication and Information Technology Co. right now?
The price sits in the upper half of our model range, so the margin of safety is thin. The data supports the verdict: every model runs on fully documented inputs.
Key figures of Naseej for Communication and Information Technology Co.
How large is the market capitalisation of Naseej for Communication and Information Technology Co. (9538)?
The market capitalisation of Naseej for Communication and Information Technology Co. is 178M SAR (≈ $47.3M). 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 Naseej for Communication and Information Technology Co. (9538)?
The price-to-sales ratio of Naseej for Communication and Information Technology Co. is 0.68 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Naseej for Communication and Information Technology Co. (9538)?
Earnings per share at Naseej for Communication and Information Technology Co. are 0.6900 SAR (price ÷ EPS = P/E 30.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Naseej for Communication and Information Technology Co. (9538)?
The dividend yield of Naseej for Communication and Information Technology Co. is 0.1% (payout 3.6%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Naseej for Communication and Information Technology Co. (9538)?
The net margin of Naseej for Communication and Information Technology Co. is 2.3% (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 Naseej for Communication and Information Technology Co. (9538)?
The return on equity (ROE) of Naseej for Communication and Information Technology Co. is 4.3% (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 Naseej for Communication and Information Technology Co. (9538)?
On an EBIT basis the return on assets of Naseej for Communication and Information Technology Co. is 8.2% (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 Naseej for Communication and Information Technology Co. (9538)?
The operating margin of Naseej for Communication and Information Technology Co. is 6.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Naseej for Communication and Information Technology Co. (9538)?
Revenue at Naseej for Communication and Information Technology Co. is growing −11.1% versus a year earlier (3y avg +1.9%). 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 Naseej for Communication and Information Technology Co. (9538)?
Earnings per share at Naseej for Communication and Information Technology Co. are growing +5.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Naseej for Communication and Information Technology Co. (9538) hold?
Naseej for Communication and Information Technology Co. holds more cash than debt, 29.6M SAR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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