Tam Development LLC (9570) fair value: what the stock is really worth
As of Oct 29, 2026: fair value (intrinsic value) of Tam Development LLC stock SAR 130, price SAR 49.78, upside +161.1%, quality 57 out of 100. Rating: strongly undervalued. 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 29, 2026.
How to read this chart
41‑month range 47.42 SAR – 222.08 SAR · fair‑value band 90.53 SAR – 213.67 SAR · the 49.78 SAR price screens below the 129.98 SAR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 29, 2026.
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Tam Development Company operates as a management and digital solutions consultancy in Saudi Arabia. It offers advisory services in the areas of innovation and entrepreneurship, delivery acceleration, public engagement and change management, and mass capability development.
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The company also engages in the activities of digital application development, senior management consulting services, organizing and managing exhibitions and conferences, activities of business incubator and accelerator, marketing services for third parties, market research, opinion polls, infrastructure for data processing, website hosting and related services, advertising, and public relations and communications activities.
In addition, it offers digital products and managed services, including engagement hub, innovation hub, and product operation; customized solutions, such as app development, public engagement solutions, artificial intelligence, and emerging technology; and CX and digital transformation, including digital experience, data analytics, technology integration, and process engineering.
Tam Development Company was founded in 2012 and is headquartered in Riyadh, Saudi Arabia.
Stock analysis
Tam Development LLC (9570) currently trades at 49.78 SAR, while our model-based Fair Value estimate is 129.98 SAR, implying the stock looks roughly 61.7% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 172.22 SAR per share, and 23 of the 26 models we run sit above the 49.78 SAR price.
Bear case: the Asset-Based group reads lowest at 37.04 SAR, and 3 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 90.53 SAR (bear) to 213.67 SAR (bull), the price of 49.78 SAR sits below 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 57/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Tam Development LLC reported revenue of 172M SAR in FY2025 versus 89.8M SAR in FY2021, a compound +17.6%/yr. Reported net income was 20.6M SAR in FY2025, compounding +5.7%/yr from FY2021.
Key figures
Market cap 164M SAR (≈ $43.7M) Micro · P/E ratio 14.8 · P/S ratio 1.04 · EPS (TTM) 3.36 SAR · Dividend yield 1.2% · Net margin 7.2% · Return on equity 7.5% · Return on assets (EBIT) 18.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (low confidence).
What moves the price
The share trades about 54% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −3% fair-value upside, at 161%, 9570 screens cheaper than that median.
Fair Value models
Bear90.53 SARFair Value 129.98 SARBull213.67 SAR
Price 49.78 SAR · Upside +161.1%
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 (2.28 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.79/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−37.1%
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.
+5.3%
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.
+33.0%
Start year 2020 (pandemic)
’20
’21
’22
’23
’24
’25
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.
+13.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+12.0%
Dividend (yield on the price)1.2%
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.25% → 15%
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).
−2.3%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Saudi Arabia: IMF forecast 2.1% a year to 2030, 1.7% from 2016 to 2025) that is about −4.3% a year for the price.
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.Consulting Services · 74 stocks
Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside+161.1% · Top 25%
Profitability
Return on equity (12 months)7.5% · Below median
Return on assets9.0% · Top 25%
Net margin (12 months)7.2% · Above median
Operating margin (12 months)4.2% · Below median
Growth and dividend
Revenue growth (quarter YoY)−17.9% · Bottom 25%
Dividend yield (12 months)1.2% · Bottom 25%
Balance sheet
Debt / equity0.05× · Below median
Valuation Multiplesvs Consulting 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). "Tam Development LLC Fair Value". https://www.fairvalue-calculator.com/stock/9570
Frequently asked questions
Is Tam Development LLC (9570) overvalued or undervalued?
As of Oct 29, 2026, our model estimates a fair value of 129.98 SAR versus a price of 49.78 SAR, about +161% upside (undervalued).
What is the fair value of 9570?
Our model-based fair value for Tam Development LLC is 129.98 SAR (as of Oct 29, 2026), built from audited fundamentals. The current price: 49.78 SAR.
What is the quality score of 9570?
Tam Development LLC has a Quality Score of 57/100. 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 Tam Development LLC (9570)?
Our model-based price target is the fair value of 129.98 SAR (as of Oct 29, 2026) from 26 valuation models. Cautious scenario 90.53 SAR, optimistic scenario 213.67 SAR. It is a calculation from audited fundamentals, not an analyst target.
What is the Tam Development LLC stock forecast for 2026?
Our models put fair value at 129.98 SAR, about +161% upside versus a price of 49.78 SAR (undervalued). Cautious scenario 90.53 SAR, optimistic scenario 213.67 SAR. The calculation is refreshed regularly with new filings.
What is the revenue of Tam Development LLC (9570)?
Tam Development LLC reported trailing-twelve-month revenue of about 158M SAR (latest available figure, as of Oct 29, 2026).
Does Tam Development LLC pay a dividend?
Tam Development LLC currently shows a dividend yield of 1.25% relative to its recent price (as of Oct 29, 2026).
What growth is priced into Tam Development LLC (9570)?
For today's price to be fair in a discounted-cash-flow model, Tam Development LLC would have to grow free cash flow by -2.3 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +33.0 % per year. As of Oct 29, 2026.
What discount rate (WACC) does the fair value of 9570 use?
Our models discount Tam Development LLC at 10.3 %: a base by market capitalisation (nano), 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 Tam Development LLC that is -2.3 % per year a year over ten years, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has Tam Development LLC (9570) delivered so far?
Over the past 5 years revenue at Tam Development LLC grew +33.0 % a year. The price currently implies -2.3 % 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 Tam Development LLC (9570) growing?
The median revenue growth in the sector is +7.7 % a year. That is the yardstick for the growth priced into Tam Development LLC (-2.3 % 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 Tam Development LLC (9570)?
The free-cash-flow yield on the price is 7.94 %: that much free cash flow Tam Development LLC produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Tam Development LLC (9570)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tam Development LLC it is 129.98 SAR per share (as of Oct 29, 2026), against a price of 49.78 SAR. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Tam Development LLC stock overvalued or undervalued in 2026?
As of Oct 29, 2026, 9570 trades below its calculated fair value: price 49.78 SAR, fair value 129.98 SAR, a gap of about +161% (undervalued). 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 9570?
No. The price is what the market pays today (49.78 SAR); the fair value is what the company's own numbers justify (129.98 SAR). For Tam Development LLC the two are 80.20 SAR per share apart. That gap is exactly why we show both numbers side by side.
How much is Tam Development LLC worth?
The market values Tam Development LLC at about 164M SAR (market capitalisation, as of Oct 29, 2026). Per share that is 49.78 SAR; our models calculate a fair value of 129.98 SAR per share.
What do the bullish and bearish scenarios say about 9570?
Our models span a range for Tam Development LLC: cautious scenario 90.53 SAR, base 129.98 SAR, optimistic 213.67 SAR per share (as of Oct 29, 2026, price 49.78 SAR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 9570?
Tam Development LLC trades at a price-to-earnings ratio of 14.8 (as of Oct 29, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 129.98 SAR is built from several models across several years. Other multiples: P/B 1.1, P/S 1.0, EV/EBITDA 8.7.
How solid is the balance sheet of Tam Development LLC (9570)?
Balance-sheet figures for Tam Development LLC (as of Oct 29, 2026): return on equity 7.5%, debt of 0.05 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is 9570 from its 52-week high?
Tam Development LLC trades at 49.78 SAR, about 54% below its 52-week high of 109.04 SAR and 5% above the low of 47.42 SAR (as of Oct 29, 2026). Distance from the high says nothing about value: that is what the fair value of 129.98 SAR is for.
Which stocks are comparable to Tam Development LLC?
From the same area (Industrials) we also value Verisk Analytics, Inc, SGS SA, Equifax Inc, Bureau Veritas SA, 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 Tam Development LLC stock attractive at the current price?
The data as of Oct 29, 2026: price 49.78 SAR, calculated fair value 129.98 SAR (+161%), Quality Score 57/100, from 26 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 9570 calculated?
We run Tam Development LLC through 26 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 129.98 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 13.3 % above its aggregate fair value. Tam Development LLC currently trades 62 % below its own fair value, and the market average says nothing about that. 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 Tam Development LLC (9570)?
The closing price on Oct 29, 2026 was 49.78 SAR. Our model-based fair value is 129.98 SAR, about +161% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tam Development LLC right now?
The price is below even our cautious bear case (90.53 SAR). The market is more pessimistic than our downside scenario. Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (90.53 SAR to 213.67 SAR) leaves room in how you read the outcome.
Key figures of Tam Development LLC
How large is the market capitalisation of Tam Development LLC (9570)?
The market capitalisation of Tam Development LLC is 164M SAR (≈ $43.7M). 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 Tam Development LLC (9570)?
The price-to-sales ratio of Tam Development LLC is 1.04 (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 Tam Development LLC (9570)?
Earnings per share at Tam Development LLC are 3.36 SAR (price ÷ EPS = P/E 14.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Tam Development LLC (9570)?
The dividend yield of Tam Development LLC is 1.2% (payout 18.5%). 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 Tam Development LLC (9570)?
The net margin of Tam Development LLC is 7.2% (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 Tam Development LLC (9570)?
The return on equity (ROE) of Tam Development LLC is 7.5% (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 Tam Development LLC (9570)?
On an EBIT basis the return on assets of Tam Development LLC is 18.7% (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 Tam Development LLC (9570)?
The operating margin of Tam Development LLC is 4.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tam Development LLC (9570)?
Revenue at Tam Development LLC is growing −17.9% versus a year earlier (3y avg +5.3%). 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 Tam Development LLC (9570)?
Earnings per share at Tam Development LLC are growing −80.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Tam Development LLC (9570) hold?
Tam Development LLC holds more cash than debt, 25.6M SAR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Oct 29, 2026