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Altharwah Albashariyyah Co (9606) Fair Value & Analysis

Industrials · SA · Market cap 129M SAR

AA Altharwah Albashariyyah Co 9606 · SR
Price27.94 SAR
Fair Value10.21 SAR
Upside-63.5%
Quality37/100
Healthy Growth
Thin margins · 1.8% net margin
Low debt · generates free cash flow
Mixed vs. peers (6/14)
Narrow moat 15/100
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Evidence: High Range 10.21 SAR – 12.27 SAR Share as image

Fair value as of: Aug 1, 2026

From 26 valuation models · updated today

Share price +6.2% over the past month.

What matters now

  • The price sits above even our optimistic bull case (12.27 SAR). The favourable scenario is already priced in.
  • Weak quality (37/100) and above fair value at the same time, the margin of safety is missing on both counts.

Price vs Fair Value (8 months)

44.00 SAR 25.00 SAR Fair Value 10.21 SAR Dec 2025 Jul 2026

8‑month range 25.00 SAR – 44.00 SAR · fair‑value band 10.21 SAR – 12.27 SAR · the 27.94 SAR price screens above the 10.21 SAR fair value. As of Aug 1, 2026.

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Analysis

Altharwah Albashariyyah Co (9606) currently trades at 27.94 SAR, while our model-based Fair Value estimate is 10.21 SAR, implying the stock looks roughly 63.5% overvalued today. We read business quality at 37/100 (below-average quality), in the Industrials 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: high).

Over the trailing twelve months, Altharwah Albashariyyah Co generated revenue of 118M SAR at a net margin of 1.8%. Revenue grew 34.8% year over year. It earns a return on equity of 2.8%. The balance sheet holds a net cash position of 21.7M SAR. Fundamentals as of Aug 1, 2026

Our scenario range runs from 10.21 SAR (bear case) to 12.27 SAR (bull case); at 27.94 SAR, the current price sits above that range. The share trades about 39% below its 52-week high and 15% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -11% fair-value upside, at -63%, 9606 screens richer than that median.

Key figures & financial health

Revenue (TTM) 118M SAR
Revenue growth (YoY) +34.8%
Net margin 1.8%
Return on equity 2.8%
Free cash flow 6.3M SAR FY2025
P/E ratio 54.8
More key figures
Operating margin -6.4%
EPS (TTM) 0.5100 SAR
EPS growth (YoY) +92.5%
Net cash 21.7M SAR FY2024

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

Quality Score breakdown

Overall quality 37/100
Profitability 37
Quality Growth 21
Cashflow 57
Fin. Strength 72
Investment 32
Low Volatility 21
Momentum 33
52W Momentum 8
Net Issuance 91

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

Altharwah Albashariyyah Co. engages in management consulting, training and development services, as well as artificial intelligence and digital solutions in Saudi Arabia. The company operates through Exhibitions and Conferences Organization Sector, Consulting sector, and Training Sector segments.

Full company description

Altharwah Albashariyyah Co. engages in management consulting, training and development services, as well as artificial intelligence and digital solutions in Saudi Arabia. The company operates through Exhibitions and Conferences Organization Sector, Consulting sector, and Training Sector segments. It provides systems analysis, user interface and experience design, application development, and artificial intelligence technologies; rehabilitating and restructuring administrative, financial, and operational processes for establishments; and advanced management consulting services. Additionally, the company engages in organizing and managing exhibitions and conferences, higher education institutes, language teaching institutes, conversation skills training institutes, training centres, mediating Saudi employment, and operating temporary employment agencies for Saudis; and e-learning solutions. Altharwah Albashariyyah Co. was founded in 2017 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

Altharwah Albashariyyah Co reported revenue of 118M SAR in FY2025 versus 22.6M SAR in FY2021, a compound +51.0%/yr. Reported net income was 2.2M SAR in FY2025, compounding −25.1%/yr from FY2021.

Revenue +51.0%/yr
FY21 22.6M SAR
FY22 40.0M SAR
FY23 79.4M SAR
FY24 87.7M SAR
FY25 118M SAR
Net income −25.1%/yr
FY21 6.9M SAR
FY22 9.8M SAR
FY23 16.5M SAR
FY24 12.5M SAR
FY25 2.2M SAR

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Cite: Fair Value Calculator (2026). "Altharwah Albashariyyah Co Fair Value". https://www.fairvalue-calculator.com/stock/9606.SR

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 0 / 15
FUTURE 100 / 11
PAST 11 / 35
HEALTH 99 / 89
DIVIDEND 0 / 59

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 Consulting Services stocks, each showing price versus our Fair Value estimate (as of Aug 1, 2026).

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Experian plc EXPGY $33.13 $29.60 -11%
Verisk Analytics, Inc VRSK $181.73 $89.91 -51%
SGS SA SGSOF $110.42 $84.42 -24%
Equifax Inc EFX $153.49 $101.37 -34%
Bureau Veritas SA BVI €25.54 €27.81 +9%
ALS Limited CPBLF $16.11 $6.93 -57%
Booz Allen Hamilton Holding BAH $63.33 $120.81 +91%
DKSH Holding DKSH CHF 62.00 CHF 49.61 -20%
Baycurrent, Inc BYCRF $35.16 $43.89 +25%
FTI Consulting, Inc FCN $141.00 $164.69 +17%

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Frequently asked questions

Is Altharwah Albashariyyah Co (9606) overvalued or undervalued?
As of Aug 1, 2026, our model estimates a fair value of 10.21 SAR versus a price of 27.94 SAR, about −63% (overvalued).
What is the fair value of 9606?
Our model-based fair value for Altharwah Albashariyyah Co is 10.21 SAR (as of Aug 1, 2026), built from audited fundamentals. The current price is 27.94 SAR.
What is the quality score of 9606?
Altharwah Albashariyyah Co has a Quality Score of 37/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Altharwah Albashariyyah Co (9606)?
Altharwah Albashariyyah Co reported trailing-twelve-month revenue of about 118M SAR (latest available figure, as of Aug 1, 2026).
What is the net profit margin of 9606?
The net profit margin of Altharwah Albashariyyah Co is about 1.8%, meaning it keeps roughly 1.8% 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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