View United Real Estate Development Co. (9591) fair value: what the stock is really worth
As of Oct 29, 2026: fair value (intrinsic value) of View United Real Estate Development Co. stock SAR 3.53, price SAR 2.03, upside +73.8%, quality 53 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
35‑month range 1.92 SAR – 4.51 SAR · fair‑value band 2.60 SAR – 4.46 SAR · the 2.03 SAR price screens below the 3.53 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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View United Real Estate Development Co., together with its subsidiaries, engages in the real estate development activities in the Kingdom of Saudi Arabia.
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It involves purchasing and selling lands, real estate and subdivisions; off-plan sales; managing and leasing owned or leased residential properties; real estate brokerage activities; and property management activities for commission.
The company also engages in government buildings; general construction and restoration of non-residential buildings, such as schools, hospitals, and hotels; construction of airports and their facilities, as well as prefabricated buildings on sites, renovation and refurbishment of residential and non-residential buildings, and the installation, maintenance, and repair of heating systems powered by electricity, gas, or oil.
In addition, it is involved in the installation and maintenance of solar energy systems, cooling, air conditioning systems, and fire-fighting pipeline networks. View United Real Estate Development Co. was incorporated in 2011 and is based in Riyadh, the Kingdom of Saudi Arabia.
Stock analysis
View United Real Estate Development Co. (9591) currently trades at 2.03 SAR, while our model-based Fair Value estimate is 3.53 SAR, implying the stock looks roughly 42.5% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 5.61 SAR per share, and 15 of the 16 models we run sit above the 2.03 SAR price.
Bear case: the Asset-Based group reads lowest at 0.4000 SAR, and 1 of the 16 models stay below the price. Data coverage for this calculation is low.
Scenario range: 2.60 SAR (bear) to 4.46 SAR (bull), the price of 2.03 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 53/100 (solid quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
View United Real Estate Development Co. reported revenue of 95.3M SAR in FY2025 versus 44.0M SAR in FY2021, a compound +21.3%/yr. Reported net income was 21.6M SAR in FY2025, compounding +16.6%/yr from FY2021.
Key figures
Market cap 134M SAR (≈ $35.7M) Micro · P/E ratio 16.9 · P/S ratio 3.00 · EPS (TTM) 0.1200 SAR · Dividend yield 7.4% · Net margin 17.9% · Return on equity 9.8% · Return on assets (EBIT) 21.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 34% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −11% fair-value upside, at 74%, 9591 screens cheaper than that median.
Fair Value models
Bear2.60 SARFair Value 3.53 SARBull4.46 SAR
Price 2.03 SAR · Upside +73.8%
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 (0.0999 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.
Best data coverage
FCF DCF4.55 SAR6.99 SAR10.53 SAR76
Growth DCF4.56 SAR6.86 SAR10.10 SAR75
5Y EBITDA Exit3.65 SAR5.61 SAR7.90 SAR72
All 16 models by family
DCF Models
FCF DCF4.55 SAR6.99 SAR10.53 SAR76
5Y Revenue Exit3.19 SAR4.71 SAR6.63 SAR70
5Y EBITDA Exit3.65 SAR5.61 SAR7.90 SAR72
10Y Revenue Exit3.60 SAR5.10 SAR7.11 SAR64
10Y EBITDA Exit3.95 SAR5.70 SAR8.06 SAR66
Dividend Discount
Gordon GGM1.23 SAR2.32 SAR3.33 SAR64
DDM Multi-Stage1.23 SAR2.07 SAR2.47 SAR64
Multiples
P/S Multiple4.17 SAR5.56 SAR6.94 SAR58
P/B Multiple2.02 SAR2.70 SAR3.37 SAR55
EV/EBIT3.93 SAR5.32 SAR6.70 SAR66
EV/EBITDA3.06 SAR4.15 SAR5.25 SAR67
EV/Revenue2.07 SAR3.05 SAR4.03 SAR53
Asset-Based
NCAV (Graham)0.2600 SAR0.4000 SAR0.5000 SAR54
Growth DCF
Growth DCF4.56 SAR6.86 SAR10.10 SAR75
Rev-Margin DCF3.19 SAR4.74 SAR6.62 SAR70
Economic Profit
Residual Income1.82 SAR2.36 SAR3.91 SAR71
The fair value above starts from this blend and is adjusted for dilution from new shares.
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.69/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+3.0%
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.
+2.8%
’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.
−31.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−39.1%
Dividend (yield on the price)7.4%
Profit margin 2022 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.15% → 17%
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).
−13.2%
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 −15.0% a year for the price.
Compare View United Real Estate Development 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.Real Estate - Development · 565 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score53 · Above median
Fair Value upside+73.8% · Above median
Profitability
Return on equity (12 months)9.8% · Top 25%
Return on assets15.5% · Top 25%
Net margin (12 months)17.9% · Above median
Operating margin (12 months)−14.4% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−81.3% · Bottom 25%
Dividend yield (12 months)7.4% · Top 25%
Balance sheet
Debt / equity0.16× · Below median
Valuation Multiplesvs Real Estate - Development 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). "View United Real Estate Development Co. Fair Value". https://www.fairvalue-calculator.com/stock/9591
Frequently asked questions
Is View United Real Estate Development Co. (9591) overvalued or undervalued?
As of Oct 29, 2026, our model estimates a fair value of 3.53 SAR versus a price of 2.03 SAR, about +74% upside (undervalued).
What is the fair value of 9591?
Our model-based fair value for View United Real Estate Development Co. is 3.53 SAR (as of Oct 29, 2026), built from audited fundamentals. The current price: 2.03 SAR.
What is the quality score of 9591?
View United Real Estate Development Co. has a Quality Score of 53/100. 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 View United Real Estate Development Co. (9591)?
Our model-based price target is the fair value of 3.53 SAR (as of Oct 29, 2026) from 16 valuation models. Cautious scenario 2.60 SAR, optimistic scenario 4.46 SAR. It is a calculation from audited fundamentals, not an analyst target.
What is the View United Real Estate Development Co. stock forecast for 2026?
Our models put fair value at 3.53 SAR, about +74% upside versus a price of 2.03 SAR (undervalued). Cautious scenario 2.60 SAR, optimistic scenario 4.46 SAR. The calculation is refreshed regularly with new filings.
What is the revenue of View United Real Estate Development Co. (9591)?
View United Real Estate Development Co. reported trailing-twelve-month revenue of about 44.7M SAR (latest available figure, as of Oct 29, 2026).
Does View United Real Estate Development Co. pay a dividend?
View United Real Estate Development Co. currently shows a dividend yield of 7.39% relative to its recent price (as of Oct 29, 2026).
What growth is priced into View United Real Estate Development Co. (9591)?
For today's price to be fair in a discounted-cash-flow model, View United Real Estate Development Co. would have to grow free cash flow by -13.2 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +21.3 % per year. As of Oct 29, 2026.
What discount rate (WACC) does the fair value of 9591 use?
Our models discount View United Real Estate Development Co. 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 View United Real Estate Development Co. that is -13.2 % 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 View United Real Estate Development Co. (9591) delivered so far?
Over the past 4 years revenue at View United Real Estate Development Co. grew +21.3 % a year. The price currently implies -13.2 % 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 View United Real Estate Development Co. (9591) growing?
The median revenue growth in the sector is +2.4 % a year. That is the yardstick for the growth priced into View United Real Estate Development Co. (-13.2 % 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 View United Real Estate Development Co. (9591)?
The free-cash-flow yield on the price is 20.57 %: that much free cash flow View United Real Estate Development Co. 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 View United Real Estate Development Co. (9591)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For View United Real Estate Development Co. it is 3.53 SAR per share (as of Oct 29, 2026), against a price of 2.03 SAR. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is View United Real Estate Development Co. stock overvalued or undervalued in 2026?
As of Oct 29, 2026, 9591 trades below its calculated fair value: price 2.03 SAR, fair value 3.53 SAR, a gap of about +74% (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 9591?
No. The price is what the market pays today (2.03 SAR); the fair value is what the company's own numbers justify (3.53 SAR). For View United Real Estate Development Co. the two are 1.50 SAR per share apart. That gap is exactly why we show both numbers side by side.
How much is View United Real Estate Development Co. worth?
The market values View United Real Estate Development Co. at about 134M SAR (market capitalisation, as of Oct 29, 2026). Per share that is 2.03 SAR; our models calculate a fair value of 3.53 SAR per share.
What do the bullish and bearish scenarios say about 9591?
Our models span a range for View United Real Estate Development Co.: cautious scenario 2.60 SAR, base 3.53 SAR, optimistic 4.46 SAR per share (as of Oct 29, 2026, price 2.03 SAR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 9591?
View United Real Estate Development Co. trades at a price-to-earnings ratio of 16.9 (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 3.53 SAR is built from several models across several years. Other multiples: P/B 1.5, P/S 3.0, EV/EBITDA 28.8.
How solid is the balance sheet of View United Real Estate Development Co. (9591)?
Balance-sheet figures for View United Real Estate Development Co. (as of Oct 29, 2026): return on equity 9.8%, debt of 0.16 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is 9591 from its 52-week high?
View United Real Estate Development Co. trades at 2.03 SAR, about 34% below its 52-week high of 3.09 SAR and 6% above the low of 1.92 SAR (as of Oct 29, 2026). Distance from the high says nothing about value: that is what the fair value of 3.53 SAR is for.
Which stocks are comparable to View United Real Estate Development Co.?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, Vinhomes Joint Stock Company, CK Asset Holdings, DLF 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 View United Real Estate Development Co. stock attractive at the current price?
The data as of Oct 29, 2026: price 2.03 SAR, calculated fair value 3.53 SAR (+74%), Quality Score 53/100, from 16 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 9591 calculated?
We run View United Real Estate Development Co. through 16 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 3.53 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. View United Real Estate Development Co. currently trades 42 % 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 View United Real Estate Development Co. (9591)?
The closing price on Oct 29, 2026 was 2.03 SAR. Our model-based fair value is 3.53 SAR, about +74% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with View United Real Estate Development Co. right now?
The price is below even our cautious bear case (2.60 SAR). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of View United Real Estate Development Co.
How large is the market capitalisation of View United Real Estate Development Co. (9591)?
The market capitalisation of View United Real Estate Development Co. is 134M SAR (≈ $35.7M). 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 View United Real Estate Development Co. (9591)?
The price-to-sales ratio of View United Real Estate Development Co. is 3.00 (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 View United Real Estate Development Co. (9591)?
Earnings per share at View United Real Estate Development Co. are 0.1200 SAR (price ÷ EPS = P/E 16.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of View United Real Estate Development Co. (9591)?
The dividend yield of View United Real Estate Development Co. is 7.4% (payout 125%). 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 View United Real Estate Development Co. (9591)?
The net margin of View United Real Estate Development Co. is 17.9% (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 View United Real Estate Development Co. (9591)?
The return on equity (ROE) of View United Real Estate Development Co. is 9.8% (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 View United Real Estate Development Co. (9591)?
On an EBIT basis the return on assets of View United Real Estate Development Co. is 21.8% (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 View United Real Estate Development Co. (9591)?
The operating margin of View United Real Estate Development Co. is −14.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at View United Real Estate Development Co. (9591)?
Revenue at View United Real Estate Development Co. is growing −81.3% versus a year earlier (3y avg +2.8%). 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 View United Real Estate Development Co. (9591)?
Earnings per share at View United Real Estate Development Co. are growing −31.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does View United Real Estate Development Co. (9591) carry?
The net debt of View United Real Estate Development Co. is 14.7M SAR (fiscal year 2025, ≈ 0.5 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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Thin data
Oct 29, 2026