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Mohammed Hadi Al-Rasheed Company (9601) Fair Value & Analysis

Basic Materials · SA · Market cap 1.1B SAR

MH Mohammed Hadi Al-Rasheed Company 9601 · SR
Price57.85 SAR
Fair Value62.60 SAR
Upside+8.2%
Quality50/100
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Mixed Growth
Highly profitable · 24.5% net margin
Low debt · generates free cash flow
Ranks above peers (11/13)
Wide moat 87/100
Evidence: High Range 37.29 SAR – 150.59 SAR Share as image

Fair value as of: Aug 1, 2026

From 25 valuation models · updated 9 days ago

Share price −6.7% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The model range is unusually wide (37.29 SAR to 150.59 SAR). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
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Price vs Fair Value (2 years)

541.71 SAR 18.60 SAR Fair Value 62.60 SAR May 2024 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 1, 2026.

How to read this chart

27‑month range 18.60 SAR – 541.71 SAR · fair‑value band 37.29 SAR – 150.59 SAR · the 57.85 SAR price screens below the 62.60 SAR fair value. Dashed = 300-day average. As of Aug 1, 2026.

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Analysis

Mohammed Hadi Al-Rasheed Company (9601) currently trades at 57.85 SAR, while our model-based Fair Value estimate is 62.60 SAR, implying the stock looks roughly 8.2% fairly valued today. The Quality Score stands at 50/100 (solid quality), in the Basic Materials 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, Mohammed Hadi Al-Rasheed Company generated revenue of 348M SAR at a net margin of 24.5%. Revenue declined 4.1% year over year. It earns a return on equity of 32.6%. Net debt stands at 42.4M SAR. Fundamentals as of Aug 1, 2026

Our scenario range runs from 37.29 SAR (bear case) to 150.59 SAR (bull case); at 57.85 SAR, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Basic Materials peers we cover trades at -34% fair-value upside, at 8%, 9601 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Growth DCF 27.03 SAR 45.68 SAR 79.99 SAR 80
Residual Income 27.92 SAR 38.68 SAR 227.36 SAR 76
Rev-Margin DCF 27.36 SAR 53.36 SAR 103.63 SAR 74
All 25 models by family
DCF Models
FCF DCF 28.94 SAR 42.81 SAR 84.28 SAR 38
5Y Revenue Exit 26.46 SAR 46.51 SAR 88.47 SAR 39
5Y EBITDA Exit 47.81 SAR 89.64 SAR 171.79 SAR 41
5Y P/E Exit 59.81 SAR 143.77 SAR 259.59 SAR 38
10Y Revenue Exit 26.51 SAR 58.49 SAR 78.57 SAR 36
10Y EBITDA Exit 41.68 SAR 100.43 SAR 204.84 SAR 37
10Y P/E Exit 49.68 SAR 123.99 SAR 249.01 SAR 35
Earnings-Based
Graham-Dodd 32.11 SAR 223.95 SAR 314.29 SAR 54
Lynch FV 91.60 SAR 130.86 SAR 170.12 SAR 50
PEG = 1.0 91.60 SAR 130.86 SAR 170.12 SAR 46
EPV 34.79 SAR 39.70 SAR 43.80 SAR 59
Dividend Discount
Gordon GGM 10.36 SAR 18.67 SAR 25.70 SAR 70
DDM Multi-Stage 10.36 SAR 17.05 SAR 19.94 SAR 61
Multiples
P/E Multiple 74.38 SAR 99.17 SAR 123.97 SAR 63
P/S Multiple 28.97 SAR 38.63 SAR 48.29 SAR 58
P/B Multiple 54.64 SAR 72.85 SAR 91.06 SAR 55
EV/EBIT 62.56 SAR 83.83 SAR 105.09 SAR 53
EV/EBITDA 55.76 SAR 74.76 SAR 93.77 SAR 54
EV/Revenue 23.10 SAR 33.53 SAR 43.96 SAR 43
Asset-Based
NCAV (Graham) 8.09 SAR 10.85 SAR 16.19 SAR 50
Growth DCF
Growth DCF 27.03 SAR 45.68 SAR 79.99 SAR 80
Rev-Margin DCF 27.36 SAR 53.36 SAR 103.63 SAR 74
Economic Profit
Residual Income 27.92 SAR 38.68 SAR 227.36 SAR 76
ROIC Compounder 44.48 SAR 63.74 SAR 82.02 SAR 72
Growth Earnings
Growth-Adj P/E 114.61 SAR 163.73 SAR 212.85 SAR 68

Widest divergence: Growth Earnings (163.73 SAR) versus Asset-Based (10.85 SAR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 348M SAR
Revenue growth (YoY) -4.1%
Net margin 24.5%
Return on equity 32.6%
Free cash flow 39.9M SAR FY2025
P/E ratio 12.6
More key figures
Operating margin 26.2%
EPS (TTM) 4.72 SAR
EPS growth (YoY) -14.7%
Net debt 42.4M SAR FY2025

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

Quality Score breakdown

Overall quality 50/100

Of which business quality 51 · Market factors (momentum, volatility) 21

Profitability 82
Margins and returns on capital today
Quality Growth 25
Are margins and returns improving?
Cashflow 51
Earnings quality: real cash, not paper profit
Fin. Strength 80
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 12
Price trend over the last 3–12 months (market factor)
52W Momentum 3
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

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

Mohammed Hadi Al-Rasheed Company produces silica sand for various industrial applications in the Kingdom of Saudi Arabia and internationally. It operates through two segments: The Mining Sector and The Military Maintenance Sector. The company offers granites and marble stone; aggregates; and asphalt products, as well as gravel and blocks.

Full company description

Mohammed Hadi Al-Rasheed Company produces silica sand for various industrial applications in the Kingdom of Saudi Arabia and internationally. It operates through two segments: The Mining Sector and The Military Maintenance Sector. The company offers granites and marble stone; aggregates; and asphalt products, as well as gravel and blocks. It also provides military, general maintenance, and contracting services. The company was founded in 2000 and is based in Riyadh, Saudi Arabia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Mohammed Hadi Al-Rasheed Company reported revenue of 348M SAR in FY2025 versus 121M SAR in FY2021, a compound +30.3%/yr. Reported net income was 85.0M SAR in FY2025, compounding +36.3%/yr from FY2021.

Growth Quality 91/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
348M SAR
Latest YoY
+13.2%
Avg. growth/yr (3Y) 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.
+27.5%
Revenue +30.3%/yr
FY21 121M SAR
FY22 168M SAR
FY23 215M SAR
FY24 307M SAR
FY25 348M SAR
Net income +36.3%/yr
FY21 24.6M SAR
FY22 24.7M SAR
FY23 44.7M SAR
FY24 80.7M SAR
FY25 85.0M SAR

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Cite: Fair Value Calculator (2026). "Mohammed Hadi Al-Rasheed Company Fair Value". https://www.fairvalue-calculator.com/stock/9601

Peer Group

Other Industrial Metals & Mining · 475 stocks

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.

Quality Score 50 · Above median
Fair Value upside +8% · Top 25%
Return on equity (TTM) 33% · Top 25%
Return on assets 16% · Top 25%
Net margin (TTM) 24% · Top 25%
Operating margin (TTM) 26% · Top 25%
Revenue growth -4% · Below median
Debt / equity 0.11× · Higher than median

Valuation Multiples vs Other Industrial Metals & Mining median · lower = cheaper

P/E (TTM) 12.6× · Cheaper than median
P/B 0.98× · Cheaper than median
P/S (TTM) 0.82× · Cheaper than 75% of peers
P/FCF 7.2× · Cheaper than median
EV/EBITDA 2.8× · Cheaper than 75% of peers

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 44 · sector 0
FUTURE 0 · sector 23
PAST 100 · sector 0
HEALTH 94 · sector 96
DIVIDEND 0 · sector 21

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 Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Aug 1, 2026).

Stock Price Fair Value vs Fair Value
BHP Group BHPN 1,425 MXN 942.42 MXN -34%
Rio Tinto Group RIO A$164.89 A$81.76 -50%
Grupo México, S.A. GMEXICOB 199.23 MXN 187.72 MXN -6%
Vale S.A VALE $14.19 $9.14 -36%
Saudi Arabian Mining Company 1211 58.05 SAR 33.87 SAR -42%
CMOC Group 603993 ¥18.20 ¥16.15 -11%
Fortescue Ltd FMG A$18.47 A$18.62 +1%
China Tungsten And Hightech Materials Co 000657 ¥74.71 ¥9.55 -87%
Hindustan Zinc Limited HINDZINC ₹521.95 ₹576.80 +11%
China Northern Rare Earth (Group) High-Tech Co 600111 ¥39.56 ¥10.59 -73%

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Frequently asked questions

Is Mohammed Hadi Al-Rasheed Company (9601) overvalued or undervalued?
As of Aug 1, 2026, our model estimates a fair value of 62.60 SAR versus a price of 57.85 SAR, about +8% (fairly valued).
What is the fair value of 9601?
Our model-based fair value for Mohammed Hadi Al-Rasheed Company is 62.60 SAR (as of Aug 1, 2026), built from audited fundamentals. The current price is 57.85 SAR.
What is the quality score of 9601?
Mohammed Hadi Al-Rasheed Company 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 revenue of Mohammed Hadi Al-Rasheed Company (9601)?
Mohammed Hadi Al-Rasheed Company reported trailing-twelve-month revenue of about 348M SAR (latest available figure, as of Aug 1, 2026).
What is the net profit margin of 9601?
The net profit margin of Mohammed Hadi Al-Rasheed Company is about 24.5%, meaning it keeps roughly 24.5% 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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