First Avenue Real Estate Development Company (9610) Fair Value & Analysis
Real Estate · SA · Market cap 888M SAR
Fair value as of: Aug 1, 2026
From 16 valuation models · updated today
Share price −17.4% over the past month.
What matters now
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Price vs Fair Value (12 months)
12‑month range 3.00 SAR – 6.14 SAR · fair‑value band 2.23 SAR – 3.86 SAR · the 3.04 SAR price screens below the 3.09 SAR fair value. As of Aug 1, 2026.
✦ Which stocks are undervalued right now? Check free Discover now →Analysis
First Avenue Real Estate Development Company (9610) currently trades at 3.04 SAR, while our model-based Fair Value estimate is 3.09 SAR, implying the stock looks roughly 1.5% fairly valued today. We read business quality at 35/100 (below-average quality), in the Real Estate 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, First Avenue Real Estate Development Company generated revenue of 327M SAR at a net margin of 34.0%. Revenue declined 2.8% year over year. It earns a return on equity of 18.1%. Net debt stands at 299M SAR. Fundamentals as of Aug 1, 2026
Our scenario range runs from 2.23 SAR (bear case) to 3.86 SAR (bull case); at 3.04 SAR, the current price sits within that range. The share trades about 53% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 21% fair-value upside, at 2%, 9610 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
First Avenue Real Estate Development Company invests in and develops of real estate properties for the private sector in the Kingdom of Saudi Arabia.
Full company description
First Avenue Real Estate Development Company invests in and develops of real estate properties for the private sector in the Kingdom of Saudi Arabia. It engages in the construction and renovation of residential and non-residential buildings, such as schools, hospitals, hotels, etc.; demolition and removal of buildings and others; real estate brokerage; real estate development of commercial buildings; real estate marketing, management, and analysis; and property and real estate facilities management. The company was incorporated in 2017 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
First Avenue Real Estate Development Company reported revenue of 327M SAR in FY2025 versus 205M SAR in FY2021, a compound +12.4%/yr. Reported net income was 111M SAR in FY2025, compounding +21.7%/yr from FY2021.
Is 9610 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 Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Aug 1, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Vinhomes Joint Stock Company VHM | 146,800 VND | 148,549 VND | +1% |
| DLF Limited DLF | ₹563.20 | ₹215.17 | -62% |
| Lodha Developers Limited LODHA | ₹926.65 | ₹774.29 | -16% |
| PT Pantai Indah Kapuk Dua Tbk, PANI | 6,650 IDR | 1,330 IDR | -80% |
| Oberoi Realty Limited OBEROIRLTY | ₹1,633 | ₹1,368 | -16% |
| Godrej Properties Limited GODREJPROP | ₹1,708 | ₹2,070 | +21% |
| PT Jaya Real Property, Tbk., JRPT | 1,080 IDR | 2,454 IDR | +127% |
| PT Bumi Serpong Damai Tbk, BSDE | 595.00 IDR | 1,363 IDR | +129% |
| PT Sentul City Tbk, BKSL | 64.00 IDR | 152.22 IDR | +138% |
| PT Ciputra Development Tbk, CTRA | 575.00 IDR | 1,438 IDR | +150% |
Compare First Avenue Real Estate Development Company with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Real Estate stocks →
Frequently asked questions
Is First Avenue Real Estate Development Company (9610) overvalued or undervalued?
What is the fair value of 9610?
What is the quality score of 9610?
What is the revenue of First Avenue Real Estate Development Company (9610)?
What is the net profit margin of 9610?
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.
Track First Avenue Real Estate Development Company and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.