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Yaqeen Capital Co. (9602) fair value: what the stock is really worth

As of Oct 29, 2026: fair value (intrinsic value) of Yaqeen Capital Co. stock SAR 2.59, price SAR 8.50, upside -69.5%, quality 44 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

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Financial Services SA · ISIN SA1620K4M113

YC Yaqeen Capital Co. logo Some data Oct 29, 2026

Yaqeen Capital Co.

9602 · SR
Very expensive, weak quality

Our calculation puts a fair price 70% below what the stock costs today.

Quality 44/100
Mixed Growth (revenue YoY −7.2 %/yr in SAR)
Loss over the last twelve months · -5.4% net margin (TTM) · fiscal year 2025 6.4%
Some data
Revenue last quarter 22% below a year ago.
Fair value 2.59 SAR · Strongly overvalued (−69.5%)
Negative free cash flow
Trails peers (2/11)
Narrow moat 33/100
⚠ Small free float
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

19.09 SAR 8.50 SAR Fair Value 2.59 SAR Jun 2024 Oct 2026

White line = price, green steps = our fair value per fiscal year. As of Oct 29, 2026.

How to read this chart

28‑month range 8.50 SAR – 19.09 SAR · fair‑value band 2.14 SAR – 3.24 SAR · the 8.50 SAR price screens above the 2.59 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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Company profile

Yaqeen Capital Company operates as an investment bank and financial services company in the Kingdom of Saudi Arabia. It operates through four segments: Brokerage, Investment Banking Group, Asset Management, and Investments.

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The company offers advisory services, including initial public offering (IPO) support, mergers and acquisitions, and strategic finance solutions; IPO services; and trading, arranging, custodial, and research services.

It also manages investment funds and portfolios, such as public and ETF products; produces analysis and insights for investment decisions; provides brokerage services though trading channels and margin trading; and investing in financial and non-financial assets.

In addition, the company offers private placement offering, rights issues, buy side advisory, debt restructuring, private placement offering, general corporate advisory, and financial restructuring.

The company was formerly known as FALCOM Financial Services and changed its name to Yaqeen Capital Company in December 2021. Yaqeen Capital Company was incorporated in 2006 and is headquartered in Riyadh, Kingdom of Saudi Arabia.

Stock analysis

Yaqeen Capital Co. (9602) currently trades at 8.50 SAR, while our model-based Fair Value estimate is 2.59 SAR, 69.5% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Asset-Based group reads highest at a median of 8.83 SAR per share, and 2 of the 6 models we run sit above the 8.50 SAR price.

Bear case: the Earnings-Based group reads lowest at 1.66 SAR, and 4 of the 6 models stay below the price. Data coverage for this calculation is medium.

Scenario range: 2.14 SAR (bear) to 3.24 SAR (bull), the price of 8.50 SAR sits above 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 44/100 (below-average quality), in the Financial Services sector.

Mixed Growth: Spin-off in 2023: revenue and profit before it include the divested business. Growth is measured afresh from 2023.

Yaqeen Capital Co. reported revenue of 79.3M SAR in FY2025 versus 135M SAR in FY2021, a compound −12.5%/yr. Reported net income was 5.1M SAR in FY2025, compounding −47.5%/yr from FY2021.

Key figures

Market cap 216M SAR (≈ $57.6M) Micro · P/E ratio 45.0 · P/S ratio 2.89 · EPS (TTM) −0.1300 SAR · Net margin −5.4% · Return on equity −1.2% · Return on assets (EBIT) 9.1% · Operating margin 21.6%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 33 out of 100 (medium confidence).

What moves the price

The share trades about 19% below its 52-week high and at its 52-week low, currently below its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −18% fair-value upside, at −70%, 9602 screens richer than that median.

Fair Value models

Bear 2.14 SAR Fair Value 2.59 SAR Bull 3.24 SAR
Price 8.50 SAR · Upside -69.5%
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.
Best data coverage
Owner Earnings 2.14 SAR 2.45 SAR 2.97 SAR 75
Residual Income 7.27 SAR 6.88 SAR 6.64 SAR 71
Graham-Dodd 1.36 SAR 1.66 SAR 1.87 SAR 67
All 6 models by family
DCF Models
Owner Earnings 2.14 SAR 2.45 SAR 2.97 SAR 75
Earnings-Based
Graham-Dodd 1.36 SAR 1.66 SAR 1.87 SAR 67
Multiples
P/E Multiple 1.95 SAR 2.59 SAR 3.24 SAR 63
P/B Multiple 11.72 SAR 15.62 SAR 19.53 SAR 55
Asset-Based
NCAV (Graham) 5.83 SAR 8.83 SAR 11.04 SAR 52
Economic Profit
Residual Income 7.27 SAR 6.88 SAR 6.64 SAR 71

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Quality Score breakdown

Overall quality 44/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 19
How much profit the company makes from its sales and capital
Quality Growth 8
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 82
Debt, balance sheet and risk of trouble
Investment 85
Does it invest with discipline instead of growing at any price?
Low Volatility 77
How calm the share price moves, does not count
Momentum 28
Price trend of the last 3 to 12 months, does not count
Near the 52-week high 7
Distance to the 52-week high, does not count
New shares 83
Buys back shares or issues new ones?

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Revenue & earnings trend

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. 55/100
Spin-off in 2023: revenue and profit before it include the divested business. Growth is measured afresh from 2023.
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.
−37.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−37.2%
Dividend (yield on the price)0.0%
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.46% → 16%

9602 screens overvalued: fair value 70% below the price. Compare with Blackstone Inc →

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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 · 664 stocks

Beats the industry median on 2/10 measures
Overall it trails its industry peers.
Valuation
Quality Score 44 · Bottom 25%
Fair Value upside −69.5% · Bottom 25%
Profitability
Return on assets 1.6% · Below median
Net margin (12 months) −5.4% · Bottom 25%
Operating margin (12 months) 21.6% · Below median
Growth and dividend
Revenue growth (quarter YoY) −21.9% · Bottom 25%

Valuation Multiplesvs Asset Management median · lower = cheaper

P/E (12 months) 45.0× · Priciest 25%
P/B 0.76× · Cheaper than median
P/S (12 months) 3.46× · Cheaper than median
EV/EBITDA 12.7× · Pricier than median

Context: sector, industry, market

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

Similar stocks

10 more Asset Management stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Exor N.V EXO €69.30 €138.60 +100% vs 9602
Apollo Global Management, Inc APO $114.37 $196.06 +71% vs 9602
Ameriprise Financial, Inc AMP $493.60 $590.44 +20% vs 9602
Ares Management Corporation ARES $121.88 $103.04 −15% vs 9602
State Street Corporation STT $169.94 $139.37 −18% vs 9602
Northern Trust Corporation NTRS $170.35 $123.42 −28% vs 9602
Blackstone Inc BX $116.70 $52.29 −55% vs 9602
Principal Financial Group PFG $111.98 $47.18 −58% vs 9602
Brookfield Corporation BN $37.95 $13.42 −65% vs 9602
KKR & Co KKR $91.62 $29.26 −68% vs 9602

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Yaqeen Capital Co. · Fair Value
2.59 SAR −70%Fair Value
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Cite: Fair Value Calculator (2026). "Yaqeen Capital Co. Fair Value". https://www.fairvalue-calculator.com/stock/9602

Frequently asked questions

Is Yaqeen Capital Co. (9602) overvalued or undervalued?
As of Oct 29, 2026, our model estimates a fair value of 2.59 SAR versus a price of 8.50 SAR, about −70% upside (overvalued).
What is the fair value of 9602?
Our model-based fair value for Yaqeen Capital Co. is 2.59 SAR (as of Oct 29, 2026), built from audited fundamentals. The current price: 8.50 SAR.
What is the quality score of 9602?
Yaqeen Capital Co. has a Quality Score of 44/100. 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 Yaqeen Capital Co. (9602)?
Our model-based price target is the fair value of 2.59 SAR (as of Oct 29, 2026) from 6 valuation models. Cautious scenario 2.14 SAR, optimistic scenario 3.24 SAR. It is a calculation from audited fundamentals, not an analyst target.
What is the Yaqeen Capital Co. stock forecast for 2026?
Our models put fair value at 2.59 SAR, about −70% upside versus a price of 8.50 SAR (overvalued). Cautious scenario 2.14 SAR, optimistic scenario 3.24 SAR. The calculation is refreshed regularly with new filings.
What is the revenue of Yaqeen Capital Co. (9602)?
Yaqeen Capital Co. reported trailing-twelve-month revenue of about 62.5M SAR (latest available figure, as of Oct 29, 2026).
What is the intrinsic value of Yaqeen Capital Co. (9602)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Yaqeen Capital Co. it is 2.59 SAR per share (as of Oct 29, 2026), against a price of 8.50 SAR. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Yaqeen Capital Co. stock overvalued or undervalued in 2026?
As of Oct 29, 2026, 9602 trades above its calculated fair value: price 8.50 SAR, fair value 2.59 SAR, a gap of about −70% (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 9602?
No. The price is what the market pays today (8.50 SAR); the fair value is what the company's own numbers justify (2.59 SAR). For Yaqeen Capital Co. the two are 5.91 SAR per share apart. That gap is exactly why we show both numbers side by side.
How much is Yaqeen Capital Co. worth?
The market values Yaqeen Capital Co. at about 216M SAR (market capitalisation, as of Oct 29, 2026). Per share that is 8.50 SAR; our models calculate a fair value of 2.59 SAR per share.
What do the bullish and bearish scenarios say about 9602?
Our models span a range for Yaqeen Capital Co.: cautious scenario 2.14 SAR, base 2.59 SAR, optimistic 3.24 SAR per share (as of Oct 29, 2026, price 8.50 SAR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 9602?
Yaqeen Capital Co. trades at a price-to-earnings ratio of 45.0 (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 2.59 SAR is built from several models across several years. Other multiples: P/B 0.8, P/S 3.5, EV/EBITDA 12.7.
How solid is the balance sheet of Yaqeen Capital Co. (9602)?
Balance-sheet figures for Yaqeen Capital Co. (as of Oct 29, 2026): return on equity −1.2%. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is 9602 from its 52-week high?
Yaqeen Capital Co. trades at 8.50 SAR, about 19% below its 52-week high of 10.50 SAR and at the low of 8.50 SAR (as of Oct 29, 2026). Distance from the high says nothing about value: that is what the fair value of 2.59 SAR is for.
Which stocks are comparable to Yaqeen Capital 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 Yaqeen Capital Co. stock attractive at the current price?
The data as of Oct 29, 2026: price 8.50 SAR, calculated fair value 2.59 SAR (−70%), Quality Score 44/100, from 6 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 9602 calculated?
We run Yaqeen Capital Co. through 6 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 2.59 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. Yaqeen Capital 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 Yaqeen Capital Co. (9602)?
The closing price on Oct 29, 2026 was 8.50 SAR. Our model-based fair value is 2.59 SAR, about −70% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Yaqeen Capital Co. right now?
The price sits above even our optimistic bull case (3.24 SAR). The favourable scenario is already priced in. Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts. 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 Yaqeen Capital Co.

How large is the market capitalisation of Yaqeen Capital Co. (9602)?
The market capitalisation of Yaqeen Capital Co. is 216M SAR (≈ $57.6M). 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 Yaqeen Capital Co. (9602)?
The price-to-sales ratio of Yaqeen Capital Co. is 2.89 (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 Yaqeen Capital Co. (9602)?
Earnings per share at Yaqeen Capital Co. are −0.1300 SAR (price ÷ EPS = P/E 45.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Yaqeen Capital Co. (9602)?
The net margin of Yaqeen Capital Co. is −5.4% (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 Yaqeen Capital Co. (9602)?
The return on equity (ROE) of Yaqeen Capital Co. is −1.2% (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 Yaqeen Capital Co. (9602)?
On an EBIT basis the return on assets of Yaqeen Capital Co. is 9.1% (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 Yaqeen Capital Co. (9602)?
The operating margin of Yaqeen Capital Co. is 21.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Yaqeen Capital Co. (9602)?
Revenue at Yaqeen Capital Co. is growing −21.9% versus a year earlier. 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 Yaqeen Capital Co. (9602)?
Earnings per share at Yaqeen Capital Co. are growing −65.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Yaqeen Capital Co. (9602) generate?
The free cash flow of Yaqeen Capital Co. is −23.2M SAR (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Yaqeen Capital Co. (9602) hold?
Yaqeen Capital Co. holds more cash than debt, 20.2M SAR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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