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View United Real Estate Development Co (9591) Fair Value & Analysis

Real Estate · SA · Market cap 163M SAR

VU View United Real Estate Development Co 9591 · SR
Price2.47 SAR
Fair Value3.53 SAR
Upside+42.8%
Quality48/100
Healthy Growth
Highly profitable · 22.6% net margin
Low debt · generates free cash flow
Ranks above peers (11/13)
Wide moat 75/100
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Evidence: High Range 2.60 SAR – 4.74 SAR Share as image

Fair value as of: Aug 1, 2026

From 26 valuation models · updated today

Share price +0.8% over the past month.

What matters now

  • The price is below even our cautious bear case (2.60 SAR). The market is more pessimistic than our downside scenario.
  • Solid quality (48/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (2.60 SAR to 4.74 SAR) leaves room in how you read the outcome.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.

Price vs Fair Value (12 months)

1,585 SAR 2.29 SAR Fair Value 3.53 SAR Aug 2025 Jul 2026

12‑month range 2.29 SAR – 1,585 SAR · fair‑value band 2.60 SAR – 4.74 SAR · the 2.47 SAR price screens below the 3.53 SAR fair value. As of Aug 1, 2026.

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Analysis

View United Real Estate Development Co (9591) currently trades at 2.47 SAR, while our model-based Fair Value estimate is 3.53 SAR, implying the stock looks roughly 42.8% undervalued today. We read business quality at 48/100 (below-average quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, View United Real Estate Development Co generated revenue of 95.3M SAR at a net margin of 22.6%. Revenue declined 46.8% year over year. It earns a return on equity of 25.9%. Net debt stands at 14.7M SAR. Fundamentals as of Aug 1, 2026

Our scenario range runs from 2.60 SAR (bear case) to 4.74 SAR (bull case); at 2.47 SAR, the current price sits below that range. For context, the median of 10 Real Estate peers we cover trades at -4% fair-value upside, at 43%, 9591 screens cheaper than that median.

Key figures & financial health

Revenue (TTM) 95.3M SAR
Revenue growth (YoY) -46.8%
Net margin 22.6%
Return on equity 25.9%
Free cash flow 27.6M SAR FY2025
P/E ratio 7.5
More key figures
Operating margin 17.4%
EPS (TTM) 0.3300 SAR
EPS growth (YoY) -31.4%
Net debt 14.7M SAR FY2025

Figures from reported company fundamentals · as of Aug 1, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100
Profitability 68
Quality Growth 43
Cashflow 87
Fin. Strength 85
Investment 33
Low Volatility 50
Momentum 28
52W Momentum 6
Net Issuance 0

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.

About the company

View United Real Estate Development Co., together with its subsidiaries, engages in the real estate development activities in the Kingdom of Saudi Arabia.

Full company description

View United Real Estate Development Co., together with its subsidiaries, engages in the real estate development activities in the Kingdom of Saudi Arabia. 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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

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.

Revenue +21.3%/yr
FY21 44.0M SAR
FY22 87.6M SAR
FY23 90.7M SAR
FY24 92.5M SAR
FY25 95.3M SAR
Net income +16.6%/yr
FY21 11.7M SAR
FY22 17.0M SAR
FY23 18.2M SAR
FY24 21.2M SAR
FY25 21.6M SAR

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Cite: Fair Value Calculator (2026). "View United Real Estate Development Co Fair Value". https://www.fairvalue-calculator.com/stock/9591

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 90 / 53
FUTURE 0 / 0
PAST 100 / 9
HEALTH 92 / 85
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 Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Aug 1, 2026).

Stock Price Fair Value vs Fair Value
Vinhomes Joint Stock Company VHM 155,400 VND 148,549 VND -4%
DLF Limited DLF ₹627.60 ₹215.17 -66%
Lodha Developers Limited LODHA ₹947.45 ₹583.43 -38%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,650 IDR 1,330 IDR -80%
Oberoi Realty Limited OBEROIRLTY ₹1,633 ₹1,368 -16%
Godrej Properties Limited GODREJPROP ₹1,642 ₹788.35 -52%
PT Jaya Real Property, Tbk., JRPT 1,075 IDR 1,909 IDR +78%
PT Bumi Serpong Damai Tbk, BSDE 565.00 IDR 1,413 IDR +150%
PT Sentul City Tbk, BKSL 64.00 IDR 152.22 IDR +138%
PT Ciputra Development Tbk, CTRA 545.00 IDR 1,363 IDR +150%

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Frequently asked questions

Is View United Real Estate Development Co (9591) overvalued or undervalued?
As of Aug 1, 2026, our model estimates a fair value of 3.53 SAR versus a price of 2.47 SAR, about +43% (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 Aug 1, 2026), built from audited fundamentals. The current price is 2.47 SAR.
What is the quality score of 9591?
View United Real Estate Development Co has a Quality Score of 48/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
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 95.3M SAR (latest available figure, as of Aug 1, 2026).
What is the net profit margin of 9591?
The net profit margin of View United Real Estate Development Co is about 22.6%, meaning it keeps roughly 22.6% 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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