Pan Gulf Marketing Co. (9593) fair value: what the stock is really worth
As of Oct 27, 2026: fair value (intrinsic value) of Pan Gulf Marketing Co. stock SAR 26.05, price SAR 22.00, upside +18.4%, quality 50 out of 100. Rating: 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
32‑month range 18.73 SAR – 34.29 SAR · fair‑value band 14.18 SAR – 39.22 SAR · the 22.00 SAR price screens below the 26.05 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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Pan Gulf Marketing Company distributes stationary and office supplies in the Kingdom of Saudi Arabia, the United Arab Emirates, Kuwait, and internationally.
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It offers writing instruments, stationery and office supplies, DP and paper products, art and craft products, DIY products, luggage and travel gear products, shaving products, camping and outdoor products, household cleaning products, electronics, household cookware products, and hygiene products.
The company was founded in 1964 and is based in Riyadh, the Kingdom of Saudi Arabia.
Stock analysis
Pan Gulf Marketing Co. (9593) currently trades at 22.00 SAR, while our model-based Fair Value estimate is 26.05 SAR, implying the stock looks roughly 15.5% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 31.92 SAR per share, and 16 of the 24 models we run sit above the 22.00 SAR price.
Bear case: the Earnings-Based group reads lowest at 7.14 SAR, and 8 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 14.18 SAR (bear) to 39.22 SAR (bull), the price of 22.00 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 50/100 (solid quality), in the Consumer Cyclical sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Pan Gulf Marketing Co. reported revenue of 374M SAR in FY2025 versus 247M SAR in FY2021, a compound +10.9%/yr. Reported net income was 6.4M SAR in FY2025, compounding −5.2%/yr from FY2021.
Key figures
Market cap 165M SAR (≈ $44.0M) Micro · P/E ratio 25.3 · P/S ratio 0.44 · EPS (TTM) −0.9800 SAR · Dividend yield 4.5% · Net margin −2.2% · Return on equity −9.6% · Return on assets (EBIT) 9.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 23 out of 100 (medium confidence).
What moves the price
The share trades at its 52-week high and 17% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −4% fair-value upside, at 18%, 9593 screens cheaper than that median.
Fair Value models
Bear14.18 SARFair Value 26.05 SARBull39.22 SAR
Price 22.00 SAR · Upside +18.4%
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.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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−4.9%
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.
−3.4%
’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.
+0.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−4.2%
Dividend (yield on the price)4.5%
Profit margin 2021 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% → 7%
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).
+6.9%
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 +4.7% 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.Specialty Retail · 209 stocks
Beats the industry median on 3/12 measures
Overall it trails its industry peers.
Valuation
Quality Score50 · Below median
Fair Value upside+18.4% · Above median
Profitability
Return on assets1.9% · Below median
Net margin (12 months)−2.2% · Bottom 25%
Operating margin (12 months)−4.3% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−19.8% · Bottom 25%
Dividend yield (12 months)4.5% · Above median
Valuation Multiplesvs Specialty Retail median · lower = cheaper
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Is Pan Gulf Marketing Co. (9593) overvalued or undervalued?
As of Oct 29, 2026, our model estimates a fair value of 26.05 SAR versus a price of 22.00 SAR, about +18% upside (undervalued).
What is the fair value of 9593?
Our model-based fair value for Pan Gulf Marketing Co. is 26.05 SAR (as of Oct 29, 2026), built from audited fundamentals. The current price: 22.00 SAR.
What is the quality score of 9593?
Pan Gulf Marketing Co. has a Quality Score of 50/100. 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 Pan Gulf Marketing Co. (9593)?
Our model-based price target is the fair value of 26.05 SAR (as of Oct 29, 2026) from 24 valuation models. Cautious scenario 14.18 SAR, optimistic scenario 39.22 SAR. It is a calculation from audited fundamentals, not an analyst target.
What is the Pan Gulf Marketing Co. stock forecast for 2026?
Our models put fair value at 26.05 SAR, about +18% upside versus a price of 22.00 SAR (undervalued). Cautious scenario 14.18 SAR, optimistic scenario 39.22 SAR. The calculation is refreshed regularly with new filings.
What is the revenue of Pan Gulf Marketing Co. (9593)?
Pan Gulf Marketing Co. reported trailing-twelve-month revenue of about 342M SAR (latest available figure, as of Oct 29, 2026).
Does Pan Gulf Marketing Co. pay a dividend?
Pan Gulf Marketing Co. currently shows a dividend yield of 4.55% relative to its recent price (as of Oct 29, 2026).
What growth is priced into Pan Gulf Marketing Co. (9593)?
For today's price to be fair in a discounted-cash-flow model, Pan Gulf Marketing Co. would have to grow free cash flow by +6.9 % per year for five years (discount rate 9.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +10.9 % per year. As of Oct 29, 2026.
What discount rate (WACC) does the fair value of 9593 use?
Our models discount Pan Gulf Marketing Co. at 9.0 %: a base by market capitalisation (nano), damped by beta 0.16, 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 Pan Gulf Marketing Co. that is +6.9 % 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 Pan Gulf Marketing Co. (9593) delivered so far?
Over the past 4 years revenue at Pan Gulf Marketing Co. grew +10.9 % a year. The price currently implies +6.9 % 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 Pan Gulf Marketing Co. (9593) growing?
The median revenue growth in the sector is +9.1 % a year. That is the yardstick for the growth priced into Pan Gulf Marketing Co. (+6.9 % 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 Pan Gulf Marketing Co. (9593)?
The free-cash-flow yield on the price is 8.76 %: that much free cash flow Pan Gulf Marketing 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 Pan Gulf Marketing Co. (9593)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Pan Gulf Marketing Co. it is 26.05 SAR per share (as of Oct 29, 2026), against a price of 22.00 SAR. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Pan Gulf Marketing Co. stock overvalued or undervalued in 2026?
As of Oct 29, 2026, 9593 trades below its calculated fair value: price 22.00 SAR, fair value 26.05 SAR, a gap of about +18% (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 9593?
No. The price is what the market pays today (22.00 SAR); the fair value is what the company's own numbers justify (26.05 SAR). For Pan Gulf Marketing Co. the two are 4.05 SAR per share apart. That gap is exactly why we show both numbers side by side.
How much is Pan Gulf Marketing Co. worth?
The market values Pan Gulf Marketing Co. at about 165M SAR (market capitalisation, as of Oct 29, 2026). Per share that is 22.00 SAR; our models calculate a fair value of 26.05 SAR per share.
What do the bullish and bearish scenarios say about 9593?
Our models span a range for Pan Gulf Marketing Co.: cautious scenario 14.18 SAR, base 26.05 SAR, optimistic 39.22 SAR per share (as of Oct 29, 2026, price 22.00 SAR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 9593?
Pan Gulf Marketing Co. trades at a price-to-earnings ratio of 25.3 (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 26.05 SAR is built from several models across several years. Other multiples: P/B 1.9, P/S 0.5, EV/EBITDA 11.5.
How solid is the balance sheet of Pan Gulf Marketing Co. (9593)?
Balance-sheet figures for Pan Gulf Marketing Co. (as of Oct 29, 2026): return on equity −9.6%. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is 9593 from its 52-week high?
Pan Gulf Marketing Co. trades at 22.00 SAR, at its 52-week high of 22.00 SAR and 17% above the low of 18.73 SAR (as of Oct 27, 2026). Distance from the high says nothing about value: that is what the fair value of 26.05 SAR is for.
Which stocks are comparable to Pan Gulf Marketing Co.?
From the same area (Consumer Cyclical) we also value Alimentation Couche-Tard Inc, Williams-Sonoma, Inc, Ulta Beauty, Inc, Casey's General Stores, 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 Pan Gulf Marketing Co. stock attractive at the current price?
The data as of Oct 29, 2026: price 22.00 SAR, calculated fair value 26.05 SAR (+18%), Quality Score 50/100, 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 9593 calculated?
We run Pan Gulf Marketing 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 26.05 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. Pan Gulf Marketing Co. currently trades 16 % 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 Pan Gulf Marketing Co. (9593)?
The closing price on Oct 27, 2026 was 22.00 SAR. Our model-based fair value is 26.05 SAR, about +18% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Pan Gulf Marketing Co. right now?
The model range is unusually wide (14.18 SAR to 39.22 SAR). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Pan Gulf Marketing Co.
How large is the market capitalisation of Pan Gulf Marketing Co. (9593)?
The market capitalisation of Pan Gulf Marketing Co. is 165M SAR (≈ $44.0M). 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 Pan Gulf Marketing Co. (9593)?
The price-to-sales ratio of Pan Gulf Marketing Co. is 0.44 (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 Pan Gulf Marketing Co. (9593)?
Earnings per share at Pan Gulf Marketing Co. are −0.9800 SAR (price ÷ EPS = P/E 25.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Pan Gulf Marketing Co. (9593)?
The dividend yield of Pan Gulf Marketing Co. is 4.5%. 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 Pan Gulf Marketing Co. (9593)?
The net margin of Pan Gulf Marketing Co. is −2.2% (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 Pan Gulf Marketing Co. (9593)?
The return on equity (ROE) of Pan Gulf Marketing Co. is −9.6% (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 Pan Gulf Marketing Co. (9593)?
On an EBIT basis the return on assets of Pan Gulf Marketing Co. is 9.0% (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 Pan Gulf Marketing Co. (9593)?
The operating margin of Pan Gulf Marketing Co. is −4.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Pan Gulf Marketing Co. (9593)?
Revenue at Pan Gulf Marketing Co. is growing −19.8% versus a year earlier (3y avg −3.4%). 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 Pan Gulf Marketing Co. (9593)?
Earnings per share at Pan Gulf Marketing Co. are growing −44.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Pan Gulf Marketing Co. (9593) carry?
The net debt of Pan Gulf Marketing Co. is 134M SAR (fiscal year 2025, ≈ 9.3 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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Oct 29, 2026