Horizon Educational Company (9603) Fair Value & Analysis
Consumer Defensive · SA · Market cap 194M SAR
Fair value as of: Aug 1, 2026
From 14 valuation models · updated today
Share price +4.7% over the past month.
What matters now
- The price sits above even our optimistic bull case (66.62 SAR). The favourable scenario is already priced in.
- Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts.
- A fairly wide model range (35.88 SAR to 66.62 SAR) leaves room in how you read the outcome.
Price vs Fair Value (12 months)
12‑month range 61.18 SAR – 89.85 SAR · fair‑value band 35.88 SAR – 66.62 SAR · the 77.40 SAR price screens above the 51.26 SAR fair value. As of Aug 1, 2026.
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Horizon Educational Company (9603) currently trades at 77.40 SAR, while our model-based Fair Value estimate is 51.26 SAR, implying the stock looks roughly 33.8% overvalued today. We read business quality at 43/100 (below-average quality), in the Consumer Defensive sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).
Over the trailing twelve months, Horizon Educational Company generated revenue of 54.4M SAR at a net margin of 24.2%. Revenue grew 66.9% year over year. It earns a return on equity of 17.0%. Net debt stands at 23.0M SAR. Fundamentals as of Aug 1, 2026
Our scenario range runs from 35.88 SAR (bear case) to 66.62 SAR (bull case); at 77.40 SAR, the current price sits above that range. The share trades about 14% below its 52-week high and 27% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 3% fair-value upside, at -34%, 9603 screens richer than that median.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 1, 2026. TTM = trailing twelve months.
Quality Score breakdown
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
Horizon Educational Company provides education services in the Kingdom of Saudi Arabia. It offers preschool, kindergarten, primary, intermediate, and secondary education; and provides educational transportation. The company was founded in 1999 and is based in Riyadh, the Kingdom of Saudi Arabia.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2025 · reported fiscal years
Horizon Educational Company reported revenue of 40.8M SAR in FY2025 versus 32.6M SAR in FY2022, a compound +7.7%/yr. Reported net income was 9.9M SAR in FY2025, compounding +11.7%/yr from FY2022.
Is 9603 fairly valued? → Check now
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Education & Training Services stocks, each showing price versus our Fair Value estimate (as of Aug 1, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| New Oriental Education & Technology Group EDUN | 966.48 MXN | 895.77 MXN | -7% |
| TAL Education Group T1AL34 | R$4.84 | R$0.5800 | -88% |
| Laureate Education, Inc LAUR | $33.82 | $33.05 | -2% |
| Physicswallah Limited PWL | ₹130.16 | ₹14.81 | -89% |
| Grand Canyon Education, Inc LOPE | $142.06 | $152.01 | +7% |
| Covista Inc CVSA | $124.45 | $150.42 | +21% |
| Stride, Inc LRN | $82.32 | $140.28 | +70% |
| Universal Technical Institute, Inc UTI | $39.75 | $20.63 | -48% |
| Perdoceo Education Corporation PRDO | $34.27 | $61.71 | +80% |
| Strategic Education, Inc STRA | $81.58 | $83.99 | +3% |
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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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