Mulkia Investment Co. (9585) fair value: what the stock is really worth
As of Oct 29, 2026: fair value (intrinsic value) of Mulkia Investment Co. stock SAR 26.01, price SAR 32.00, upside -18.7%, quality 64 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
36‑month range 18.46 SAR – 4,138 SAR · fair‑value band 17.51 SAR – 35.69 SAR · the 32.00 SAR price screens above the 26.01 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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Mulkia Investment Company is principal investment firm. Mulkia Investment Company is based in Riyadh, Saudi Arabia.
Stock analysis
Mulkia Investment Co. (9585) currently trades at 32.00 SAR, while our model-based Fair Value estimate is 26.01 SAR, 18.7% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 27.47 SAR per share, and 2 of the 13 models we run sit above the 32.00 SAR price.
Bear case: the Asset-Based group reads lowest at 6.28 SAR, and 11 of the 13 models stay below the price. Data coverage for this calculation is high.
Scenario range: 17.51 SAR (bear) to 35.69 SAR (bull), the price of 32.00 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 64/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Mulkia Investment Co. reported revenue of 42.4M SAR in FY2025 versus 19.3M SAR in FY2021, a compound +21.7%/yr. Reported net income was 16.7M SAR in FY2025, compounding +13.6%/yr from FY2021.
Key figures
Market cap 315M SAR (≈ $83.9M) Micro · P/E ratio 19.9 · P/S ratio 8.14 · EPS (TTM) 1.61 SAR · Dividend yield 5.0% · Net margin 37.6% · Return on equity 15.4% · Return on assets (EBIT) 20.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 81 out of 100 (medium confidence).
What moves the price
The share trades about 23% below its 52-week high and 28% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −20% fair-value upside, at −19%, 9585 screens cheaper than that median.
Fair Value models
Bear17.51 SARFair Value 26.01 SARBull35.69 SAR
Price 32.00 SAR · Upside -18.7%
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 (1.34 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.94/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−8.2%
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.
+6.5%
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.
+15.6%
Start year 2020 (pandemic)
Revenue growth 9 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.
+22.7%
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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.
+21.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+16.6%
Dividend (yield on the price)5.0%
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.38% → 47%
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).
+7.5%
Yearly growth needed for the next five years to justify today's price.
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 +5.3% 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.Asset Management · 666 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score64 · Above median
Fair Value upside−18.7% · Bottom 25%
Profitability
Return on equity (12 months)15.4% · Above median
Return on assets13.8% · Top 25%
Net margin (12 months)37.6% · Above median
Operating margin (12 months)45.9% · Above median
Growth and dividend
Revenue growth (quarter YoY)−16.1% · Bottom 25%
Dividend yield (12 months)5.0% · Above median
Valuation Multiplesvs Asset Management median · lower = cheaper
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Is Mulkia Investment Co. (9585) overvalued or undervalued?
As of Oct 28, 2026, our model estimates a fair value of 26.01 SAR versus a price of 32.00 SAR, about −19% upside (overvalued).
What is the fair value of 9585?
Our model-based fair value for Mulkia Investment Co. is 26.01 SAR (as of Oct 28, 2026), built from audited fundamentals. The current price: 32.00 SAR.
What is the quality score of 9585?
Mulkia Investment Co. has a Quality Score of 64/100. 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 Mulkia Investment Co. (9585)?
Our model-based price target is the fair value of 26.01 SAR (as of Oct 28, 2026) from 13 valuation models. Cautious scenario 17.51 SAR, optimistic scenario 35.69 SAR. It is a calculation from audited fundamentals, not an analyst target.
What is the Mulkia Investment Co. stock forecast for 2026?
Our models put fair value at 26.01 SAR, about −19% upside versus a price of 32.00 SAR (overvalued). Cautious scenario 17.51 SAR, optimistic scenario 35.69 SAR. The calculation is refreshed regularly with new filings.
What is the revenue of Mulkia Investment Co. (9585)?
Mulkia Investment Co. reported trailing-twelve-month revenue of about 38.7M SAR (latest available figure, as of Oct 28, 2026).
Does Mulkia Investment Co. pay a dividend?
Mulkia Investment Co. currently shows a dividend yield of 4.99% relative to its recent price (as of Oct 28, 2026).
What growth is priced into Mulkia Investment Co. (9585)?
For today's price to be fair in a discounted-cash-flow model, Mulkia Investment Co. would have to grow free cash flow by +7.5 % per year for five years (discount rate 13.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +15.6 % per year. As of Oct 28, 2026.
What discount rate (WACC) does the fair value of 9585 use?
Our models discount Mulkia Investment Co. at 13.3 %: a base by market capitalisation (micro), 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 Mulkia Investment Co. that is +7.5 % per year a year over ten years, using the same discount rate (13.3 %) and the same formula as our fair value.
How much growth has Mulkia Investment Co. (9585) delivered so far?
Over the past 5 years revenue at Mulkia Investment Co. grew +15.6 % a year. The price currently implies +7.5 % 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 Mulkia Investment Co. (9585) growing?
The median revenue growth in the sector is +3.4 % a year. That is the yardstick for the growth priced into Mulkia Investment Co. (+7.5 % 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 Mulkia Investment Co. (9585)?
The free-cash-flow yield on the price is 7.51 %: that much free cash flow Mulkia Investment Co. produces per unit of market value. When it exceeds the discount rate of our models (13.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Mulkia Investment Co. (9585)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Mulkia Investment Co. it is 26.01 SAR per share (as of Oct 28, 2026), against a price of 32.00 SAR. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Mulkia Investment Co. stock overvalued or undervalued in 2026?
As of Oct 28, 2026, 9585 trades above its calculated fair value: price 32.00 SAR, fair value 26.01 SAR, a gap of about −19% (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 9585?
No. The price is what the market pays today (32.00 SAR); the fair value is what the company's own numbers justify (26.01 SAR). For Mulkia Investment Co. the two are 5.99 SAR per share apart. That gap is exactly why we show both numbers side by side.
How much is Mulkia Investment Co. worth?
The market values Mulkia Investment Co. at about 315M SAR (market capitalisation, as of Oct 28, 2026). Per share that is 32.00 SAR; our models calculate a fair value of 26.01 SAR per share.
What do the bullish and bearish scenarios say about 9585?
Our models span a range for Mulkia Investment Co.: cautious scenario 17.51 SAR, base 26.01 SAR, optimistic 35.69 SAR per share (as of Oct 28, 2026, price 32.00 SAR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 9585?
Mulkia Investment Co. trades at a price-to-earnings ratio of 19.9 (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 26.01 SAR is built from several models across several years. Other multiples: P/B 3.2, P/S 8.1, EV/EBITDA 16.8.
How solid is the balance sheet of Mulkia Investment Co. (9585)?
Balance-sheet figures for Mulkia Investment Co. (as of Oct 28, 2026): return on equity 15.4%. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is 9585 from its 52-week high?
Mulkia Investment Co. trades at 32.00 SAR, about 23% below its 52-week high of 41.35 SAR and 28% above the low of 25.08 SAR (as of Oct 29, 2026). Distance from the high says nothing about value: that is what the fair value of 26.01 SAR is for.
Which stocks are comparable to Mulkia Investment Co.?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Corporation, KKR & Co, Apollo Global Management, Inc, 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 Mulkia Investment Co. stock attractive at the current price?
The data as of Oct 28, 2026: price 32.00 SAR, calculated fair value 26.01 SAR (−19%), Quality Score 64/100, from 13 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 9585 calculated?
We run Mulkia Investment Co. through 13 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 26.01 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 13.1 % above its aggregate fair value. Mulkia Investment 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 is the share price of Mulkia Investment Co. (9585)?
The closing price on Oct 29, 2026 was 32.00 SAR. Our model-based fair value is 26.01 SAR, about −19% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Mulkia Investment Co. right now?
Solid but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (17.51 SAR to 35.69 SAR) leaves room in how you read the outcome. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Mulkia Investment Co.
How large is the market capitalisation of Mulkia Investment Co. (9585)?
The market capitalisation of Mulkia Investment Co. is 315M SAR (≈ $83.9M). 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 Mulkia Investment Co. (9585)?
The price-to-sales ratio of Mulkia Investment Co. is 8.14 (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 Mulkia Investment Co. (9585)?
Earnings per share at Mulkia Investment Co. are 1.61 SAR (price ÷ EPS = P/E 19.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Mulkia Investment Co. (9585)?
The dividend yield of Mulkia Investment Co. is 5.0% (payout 99.2%). 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 Mulkia Investment Co. (9585)?
The net margin of Mulkia Investment Co. is 37.6% (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 Mulkia Investment Co. (9585)?
The return on equity (ROE) of Mulkia Investment Co. is 15.4% (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 Mulkia Investment Co. (9585)?
On an EBIT basis the return on assets of Mulkia Investment Co. is 20.0% (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 Mulkia Investment Co. (9585)?
The operating margin of Mulkia Investment Co. is 45.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Mulkia Investment Co. (9585)?
Revenue at Mulkia Investment Co. is growing −16.1% versus a year earlier (3y avg +6.5%). 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 Mulkia Investment Co. (9585)?
Earnings per share at Mulkia Investment Co. are growing −21.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Mulkia Investment Co. (9585) carry?
The net debt of Mulkia Investment Co. is 2.3M SAR (fiscal year 2024, ≈ 0.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Oct 28, 2026