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Multi Business Group Company for Projects (9619) fair value: what the stock is really worth

As of Oct 29, 2026: fair value (intrinsic value) of Multi Business Group Company for Projects stock SAR 0.99, price SAR 1.94, upside -49.2%, quality 27 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

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Industrials SA

MB Multi Business Group Company for Projects logo Thin data Oct 29, 2026

Multi Business Group Company for Projects

9619 · SR
Very expensive, weak quality

Our calculation puts a fair price 49% below what the stock costs today.

Low debt
Expensive Growth (revenue 3y +16.3 %/yr in SAR)
Thin margins · 1.4% net margin (TTM)
2.1% dividend yield · Watch coverage
Fair value 0.9860 SAR · Strongly overvalued (−49.2%)
Quality 27/100
Negative free cash flow
Trails peers (4/13)
Narrow moat 26/100 · thin data
Thin data
⚠ Dilution
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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

6.50 SAR 1.55 SAR Fair Value 0.9860 SAR Dec 2024 Oct 2026

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

How to read this chart

23‑month range 1.55 SAR – 6.50 SAR · fair‑value band 0.9350 SAR – 1.05 SAR · the 1.94 SAR price screens above the 0.9860 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

Multi Business Group Company for Projects provides design and construction contracting services in the Kingdom of Saudi Arabia.

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The company is involved in general construction activities and renovations for residential, non-residential, and government buildings; building finishing, maintenance, operation, and general cleaning services for buildings; and retail sale of sanitary ware and electrical appliances and their extensions.

It also offers decorative products, industrial ceilings, insulating materials, and building materials.

In addition, the company provides retail services for building materials, electricity, plumbing, and finishing buildings, including electrical wires and cables, and their accessories; plastic and thermal plumbing pipes and their accessories; paints; and dyes, tools, and accessories.

Further, it offers design and construction services for architectural finishes, interior decoration, and electrical and mechanical engineering. The company serves government, semi-government, private entities, and individual customers.

Multi Business Group Company for Projects was incorporated in 2009 and is based in Riyadh, the Kingdom of Saudi Arabia.

Stock analysis

Multi Business Group Company for Projects (9619) currently trades at 1.94 SAR, while our model-based Fair Value estimate is 0.9860 SAR, 49.2% 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 1.83 SAR per share, and 1 of the 17 models we run sit above the 1.94 SAR price.

Bear case: the Growth Earnings group reads lowest at 0.1500 SAR, and 16 of the 17 models stay below the price. Data coverage for this calculation is low.

Scenario range: 0.9350 SAR (bear) to 1.05 SAR (bull), the price of 1.94 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 27/100 (below-average quality), in the Industrials sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Multi Business Group Company for Projects reported revenue of 135M SAR in FY2025 versus 86.0M SAR in FY2022, a compound +16.3%/yr. Reported net income was 352K SAR in FY2025, compounding −61.6%/yr from FY2022.

Key figures

Market cap 86.9M SAR (≈ $23.2M) Micro · P/E ratio 48.5 · P/S ratio 0.67 · EPS (TTM) 0.0400 SAR · Dividend yield 2.1% · Net margin 1.4% · Return on equity 2.0% · Return on assets (EBIT) 20.2%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 26 out of 100 (low confidence).

What moves the price

The share trades about 57% below its 52-week high and 25% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −32% fair-value upside, at −49%, 9619 screens richer than that median.

Fair Value models

Bear 0.9350 SAR Fair Value 0.9860 SAR Bull 1.05 SAR
Price 1.94 SAR · Upside -49.2%
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 1.10 SAR 1.16 SAR 1.24 SAR 75
EPV 1.16 SAR 1.19 SAR 1.21 SAR 74
Residual Income 1.22 SAR 1.12 SAR 1.05 SAR 73
All 17 models by family
DCF Models
Owner Earnings 1.10 SAR 1.16 SAR 1.24 SAR 75
Earnings-Based
Graham-Dodd 0.0500 SAR 0.1700 SAR 0.2200 SAR 62
Lynch FV 0.0400 SAR 0.0500 SAR 0.0700 SAR 58
PEG = 1.0 0.0400 SAR 0.0500 SAR 0.0700 SAR 55
EPV 1.16 SAR 1.19 SAR 1.21 SAR 74
Dividend Discount
Gordon GGM 0.7100 SAR 1.34 SAR 1.92 SAR 64
DDM Multi-Stage 0.7100 SAR 1.13 SAR 1.43 SAR 64
Multiples
P/E Multiple 0.1200 SAR 0.1600 SAR 0.2100 SAR 63
P/S Multiple 0.1000 SAR 0.1300 SAR 0.1700 SAR 58
P/B Multiple 6.33 SAR 8.44 SAR 10.55 SAR 55
EV/EBIT 1.52 SAR 1.70 SAR 1.89 SAR 66
EV/EBITDA 1.59 SAR 1.81 SAR 2.02 SAR 67
EV/Revenue 1.36 SAR 1.53 SAR 1.70 SAR 54
Asset-Based
NCAV (Graham) 1.21 SAR 1.83 SAR 2.29 SAR 54
Economic Profit
Residual Income 1.22 SAR 1.12 SAR 1.05 SAR 73
ROIC Compounder 1.16 SAR 1.19 SAR 1.21 SAR 69
Growth Earnings
Growth-Adj P/E 0.1000 SAR 0.1500 SAR 0.1900 SAR 65

The fair value above starts from this blend and is adjusted for dilution from new shares.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 27/100

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

Profitability 32
How much profit the company makes from its sales and capital
Quality Growth 24
Are margins and returns getting better?
Cashflow 10
Do the profits arrive as real cash?
Financial strength 82
Debt, balance sheet and risk of trouble
Investment 33
Does it invest with discipline instead of growing at any price?
Low Volatility 10
How calm the share price moves, does not count
Momentum 16
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 0
Buys back shares or issues new ones?

Open the full quality analysis →

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. 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+0.2%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+16.3%
What shareholders gained per year (last 3 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 3 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.
−69.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−71.2%
Dividend (yield on the price)2.1%
Profit margin 2022 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.9% → 2%

9619 screens overvalued: fair value 49% below the price. Compare with Quanta Services, 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.Engineering & Construction · 791 stocks

Beats the industry median on 3/12 measures
Overall it trails its industry peers.
Valuation
Quality Score 27 · Bottom 25%
Fair Value upside −49.2% · Bottom 25%
Profitability
Return on equity (12 months) 2.0% · Below median
Return on assets 0.3% · Bottom 25%
Net margin (12 months) 1.4% · Below median
Operating margin (12 months) 9.6% · Above median
Growth and dividend
Revenue growth (quarter YoY) −7.6% · Below median
Dividend yield (12 months) 2.1% · Below median

Valuation Multiplesvs Engineering & Construction median · lower = cheaper

P/E (12 months) 48.5× · Priciest 25%
P/B 1.03× · Cheaper than median
P/S (12 months) 0.67× · Cheaper than median
EV/EBITDA 13.1× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 35
FUTURE (revenue growth)0 · sector 20
PAST (return on equity)8 · sector 29
HEALTH (low debt)100 · sector 94
DIVIDEND (yield)41 · sector 42

VALUE 0: the price sits above our fair-value range.

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 Engineering & Construction stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Vinci SA DG €108.65 €186.68 +72% vs 9619
WSP Global Inc WSP C$184.55 C$203.01 +10% vs 9619
Comfort Systems USA, Inc FIX $1,289 $1,122 −13% vs 9619
EMCOR Group EME $666.36 $527.04 −21% vs 9619
ACS, Actividades de Construcción y Servicios, S.A ACS €91.80 €62.21 −32% vs 9619
Larsen & Toubro Limited LT ₹3,665 ₹2,302 −37% vs 9619
HOCHTIEF Aktiengesellschaft HOT €381.20 €203.86 −47% vs 9619
Samsung C&T Corporation 028260 324,500 KRW 159,718 KRW −51% vs 9619
Ferrovial N.V FER $54.02 $23.01 −57% vs 9619
Quanta Services, Inc PWR $563.93 $162.77 −71% vs 9619

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Multi Business Group Company for Projects · Fair Value
0.9860 SAR −49%Fair Value
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Cite: Fair Value Calculator (2026). "Multi Business Group Company for Projects Fair Value". https://www.fairvalue-calculator.com/stock/9619

Frequently asked questions

Is Multi Business Group Company for Projects (9619) overvalued or undervalued?
As of Oct 29, 2026, our model estimates a fair value of 0.9860 SAR versus a price of 1.94 SAR, about −49% upside (overvalued).
What is the fair value of 9619?
Our model-based fair value for Multi Business Group Company for Projects is 0.9860 SAR (as of Oct 29, 2026), built from audited fundamentals. The current price: 1.94 SAR.
What is the quality score of 9619?
Multi Business Group Company for Projects has a Quality Score of 27/100. 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 Multi Business Group Company for Projects (9619)?
Our model-based price target is the fair value of 0.9860 SAR (as of Oct 29, 2026) from 17 valuation models. Cautious scenario 0.9350 SAR, optimistic scenario 1.05 SAR. It is a calculation from audited fundamentals, not an analyst target.
What is the Multi Business Group Company for Projects stock forecast for 2026?
Our models put fair value at 0.9860 SAR, about −49% upside versus a price of 1.94 SAR (overvalued). Cautious scenario 0.9350 SAR, optimistic scenario 1.05 SAR. The calculation is refreshed regularly with new filings.
What is the revenue of Multi Business Group Company for Projects (9619)?
Multi Business Group Company for Projects reported trailing-twelve-month revenue of about 130M SAR (latest available figure, as of Oct 29, 2026).
Does Multi Business Group Company for Projects pay a dividend?
Multi Business Group Company for Projects currently shows a dividend yield of 2.06% relative to its recent price (as of Oct 29, 2026).
What is the intrinsic value of Multi Business Group Company for Projects (9619)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Multi Business Group Company for Projects it is 0.9860 SAR per share (as of Oct 29, 2026), against a price of 1.94 SAR. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is Multi Business Group Company for Projects stock overvalued or undervalued in 2026?
As of Oct 29, 2026, 9619 trades above its calculated fair value: price 1.94 SAR, fair value 0.9860 SAR, a gap of about −49% (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 9619?
No. The price is what the market pays today (1.94 SAR); the fair value is what the company's own numbers justify (0.9860 SAR). For Multi Business Group Company for Projects the two are 0.9540 SAR per share apart. That gap is exactly why we show both numbers side by side.
How much is Multi Business Group Company for Projects worth?
The market values Multi Business Group Company for Projects at about 86.9M SAR (market capitalisation, as of Oct 29, 2026). Per share that is 1.94 SAR; our models calculate a fair value of 0.9860 SAR per share.
What do the bullish and bearish scenarios say about 9619?
Our models span a range for Multi Business Group Company for Projects: cautious scenario 0.9350 SAR, base 0.9860 SAR, optimistic 1.05 SAR per share (as of Oct 29, 2026, price 1.94 SAR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 9619?
Multi Business Group Company for Projects trades at a price-to-earnings ratio of 48.5 (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 0.9860 SAR is built from several models across several years. Other multiples: P/B 1.0, P/S 0.7, EV/EBITDA 13.1.
How solid is the balance sheet of Multi Business Group Company for Projects (9619)?
Balance-sheet figures for Multi Business Group Company for Projects (as of Oct 29, 2026): return on equity 2.0%. They feed the Quality Score of 27/100, which measures business quality independently of the share price.
How far is 9619 from its 52-week high?
Multi Business Group Company for Projects trades at 1.94 SAR, about 57% below its 52-week high of 4.46 SAR and 25% above the low of 1.55 SAR (as of Oct 29, 2026). Distance from the high says nothing about value: that is what the fair value of 0.9860 SAR is for.
Which stocks are comparable to Multi Business Group Company for Projects?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Larsen & Toubro Limited, Comfort Systems USA, 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 Multi Business Group Company for Projects stock attractive at the current price?
The data as of Oct 29, 2026: price 1.94 SAR, calculated fair value 0.9860 SAR (−49%), Quality Score 27/100, from 17 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 9619 calculated?
We run Multi Business Group Company for Projects through 17 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 0.9860 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 13.3 % above its aggregate fair value. Multi Business Group Company for Projects 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 Multi Business Group Company for Projects (9619)?
The closing price on Oct 29, 2026 was 1.94 SAR. Our model-based fair value is 0.9860 SAR, about −49% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Multi Business Group Company for Projects right now?
The price sits above even our optimistic bull case (1.05 SAR). The favourable scenario is already priced in. Weak quality (27/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. The models converge in a tight band (0.9350 SAR to 1.05 SAR), unusually little disagreement for a valuation.

Key figures of Multi Business Group Company for Projects

How large is the market capitalisation of Multi Business Group Company for Projects (9619)?
The market capitalisation of Multi Business Group Company for Projects is 86.9M SAR (≈ $23.2M). 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 Multi Business Group Company for Projects (9619)?
The price-to-sales ratio of Multi Business Group Company for Projects is 0.67 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Multi Business Group Company for Projects (9619)?
Earnings per share at Multi Business Group Company for Projects are 0.0400 SAR (price ÷ EPS = P/E 48.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Multi Business Group Company for Projects (9619)?
The dividend yield of Multi Business Group Company for Projects is 2.1% (payout 100%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Multi Business Group Company for Projects (9619)?
The net margin of Multi Business Group Company for Projects is 1.4% (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 Multi Business Group Company for Projects (9619)?
The return on equity (ROE) of Multi Business Group Company for Projects is 2.0% (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 Multi Business Group Company for Projects (9619)?
On an EBIT basis the return on assets of Multi Business Group Company for Projects is 20.2% (avg 4y). 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 Multi Business Group Company for Projects (9619)?
The operating margin of Multi Business Group Company for Projects is 9.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Multi Business Group Company for Projects (9619)?
Revenue at Multi Business Group Company for Projects is growing −7.6% versus a year earlier (3y avg +16.3%). 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 Multi Business Group Company for Projects (9619)?
Earnings per share at Multi Business Group Company for Projects are growing +33.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Multi Business Group Company for Projects (9619) generate?
The free cash flow of Multi Business Group Company for Projects is −2.6M 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 Multi Business Group Company for Projects (9619) hold?
Multi Business Group Company for Projects holds more cash than debt, 43.2M SAR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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