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

We calculate from audited financials what Multi Business Group Company for Projects is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Industrials · SA

MB Thin data Sep 13, 2026

Multi Business Group Company for Projects

9619 · SR

Weakest SetupStrongly overvalued and low quality.

!Fair value 0.7905 SAR · Strongly overvalued (−54%)
!Quality 28/100
!Expensive Growth (revenue 3y +16.3 %/yr)
!Thin margins · 1.4% net margin (TTM)
!Low debt · negative free cash flow
·2.34% dividend yield
!Trails peers (5/13)
!Narrow moat 27/100
!Evidence only low, so the estimate is less certain
!Weak on past: 8 out of 100
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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 1.69 SAR Fair Value 0.7905 SAR Dec 2024 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.

How to read this chart

21‑month range 1.69 SAR – 6.50 SAR · fair‑value band 0.4845 SAR – 0.7905 SAR · the 1.71 SAR price screens above the 0.7905 SAR fair value. Dashed = 300-day average. As of Sep 13, 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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Multi Business Group Company for Projects provides design and construction contracting services in the Kingdom of Saudi Arabia. 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 1.71 SAR, while our model-based Fair Value estimate is 0.7905 SAR, implying the stock looks roughly 116.3% overvalued today.

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Valuation

Bull case: the Asset-Based group reads highest at a median of 1.26 SAR per share, and 2 of the 17 models we run sit above the 1.71 SAR price.

Bear case: the Growth Earnings group reads lowest at 0.1500 SAR, and 15 of the 17 models stay below the price. Evidence for this calculation is low.

Scenario range: 0.4845 SAR (bear) to 0.7905 SAR (bull), the price of 1.71 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 28/100 (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 81.5M SAR (≈ $21.7M) · P/E ratio 171.0 · P/S ratio 0.44 · EPS (TTM) 0.0100 SAR · Dividend yield 2.3% · Net margin 0.3% · Return on equity 0.4% · Return on assets (EBIT) 20.2%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).

What moves the price

The share trades about 71% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −34% fair-value upside, at −54%, 9619 screens richer than that median.

Fair Value models

Bear 0.4845 SAR Fair Value 0.7905 SAR Bull 0.7905 SAR
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. 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. Evidence ⓘEvidence = 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.
Highest evidence
Owner Earnings 1.17 SAR 1.25 SAR 1.35 SAR 75
EPV 1.13 SAR 1.15 SAR 1.17 SAR 74
Residual Income 1.14 SAR 1.03 SAR 0.6000 SAR 73
All 17 models by family
DCF Models
Owner Earnings 1.17 SAR 1.25 SAR 1.35 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 1.13 SAR 1.15 SAR 1.17 SAR 74
Dividend Discount
Gordon GGM 0.6000 SAR 1.01 SAR 1.31 SAR 65
DDM Multi-Stage 0.6000 SAR 0.9100 SAR 1.09 SAR 65
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 0.1000 SAR 0.1300 SAR 0.1700 SAR 55
EV/EBIT 1.53 SAR 1.72 SAR 1.90 SAR 66
EV/EBITDA 1.61 SAR 1.82 SAR 2.03 SAR 67
EV/Revenue 1.37 SAR 1.54 SAR 1.71 SAR 54
Asset-Based
NCAV (Graham) 0.9400 SAR 1.26 SAR 1.88 SAR 54
Economic Profit
Residual Income 1.14 SAR 1.03 SAR 0.6000 SAR 73
ROIC Compounder 1.13 SAR 1.15 SAR 1.17 SAR 69
Growth Earnings
Growth-Adj P/E 0.1000 SAR 0.1500 SAR 0.1900 SAR 65

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Quality Score breakdown

Overall quality 28/100

Of which business quality 33 · Market factors (momentum, volatility) 7

Profitability 32
Margins and returns on capital today
Quality Growth 24
Are margins and returns improving?
Cashflow 10
Earnings quality: real cash, not paper profit
Fin. Strength 82
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 18
Calm price path (market factor)
Momentum 4
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 0
Share count: buybacks or dilution?

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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. 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.
−68.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−71.2%
Dividend (yield on the price)2.3%
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 116% overvalued. 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 · 821 stocks

Beats the industry median on 4/11 measures
Overall it trails its industry peers.
Valuation
Quality Score 27 · Bottom 25%
Profitability
Return on equity (TTM) 2% · Below median
Return on assets 2% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 10% · Above median
Growth and dividend
Revenue growth −8% · Below median
Dividend yield (TTM) 2.3% · Above median

Valuation Multiplesvs Engineering & Construction median · lower = cheaper

P/E (TTM) 171.0× · Priciest 25%
P/B 0.96× · Cheaper than median
P/S (TTM) 0.63× · Cheaper than median
EV/EBITDA 11.4× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 19
FUTURE (revenue growth)0 · sector 12
PAST (return on equity)8 · sector 25
HEALTH (low debt)100 · sector 94
DIVIDEND (yield)47 · sector 40

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
Quanta Services, Inc PWR $650.58 $163.08 −75%
Vinci SA DG €111.45 €185.62 +67%
Comfort Systems USA, Inc FIX $1,691 $1,114 −34%
Larsen & Toubro Limited LT ₹3,915 ₹2,196 −44%
Ferrovial N.V FER €48.03 €19.17 −60%
HOCHTIEF Aktiengesellschaft HOT €416.20 €203.87 −51%
Samsung C&T Corporation 028260 367,000 KRW 261,411 KRW −29%
ACS, Actividades de Construcción y Servicios, S.A ACS €98.25 €75.04 −24%
EMCOR Group EME $780.66 $518.51 −34%
China State Construction Engineering Corporation 601668 ¥4.35 ¥17.35 +299%

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Multi Business Group Company for Projects · Fair Value
0.7905 SAR −116%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 Sep 13, 2026, our model estimates a fair value of 0.7905 SAR versus a price of 1.71 SAR, about −54% upside (overvalued).
What is the fair value of 9619?
Our model-based fair value for Multi Business Group Company for Projects is 0.7905 SAR (as of Sep 13, 2026), built from audited fundamentals. The current price: 1.71 SAR.
What is the quality score of 9619?
Multi Business Group Company for Projects has a Quality Score of 28/100. 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 0.7905 SAR (as of Sep 13, 2026) from 17 valuation models. Cautious scenario 0.4845 SAR, optimistic scenario 0.7905 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 0.7905 SAR, about −54% upside versus a price of 1.71 SAR (overvalued). Cautious scenario 0.4845 SAR, optimistic scenario 0.7905 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 135M SAR (latest available figure, as of Sep 13, 2026).
Does Multi Business Group Company for Projects pay a dividend?
Multi Business Group Company for Projects currently shows a dividend yield of about 2.34% relative to its recent price (as of Sep 13, 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 0.7905 SAR per share (as of Sep 13, 2026), against a price of 1.71 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 Sep 13, 2026, 9619 trades above its calculated fair value: price 1.71 SAR, fair value 0.7905 SAR, a gap of about −54% (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 (1.71 SAR); the fair value is what the company's own numbers justify (0.7905 SAR). For Multi Business Group Company for Projects the two are 0.9195 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 81.5M SAR (market capitalisation, as of Sep 13, 2026). Per share that is 1.71 SAR; our models calculate a fair value of 0.7905 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 0.4845 SAR, base 0.7905 SAR, optimistic 0.7905 SAR per share (as of Sep 13, 2026, price 1.71 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 171.0 (as of Sep 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 0.7905 SAR is built from several models across several years. Other multiples: P/B 1.0, P/S 0.6, EV/EBITDA 11.4.
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 Sep 13, 2026): return on equity 2.0%. They feed the Quality Score of 28/100, 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 1.71 SAR, about 71% below its 52-week high of 5.97 SAR and 1% above the low of 1.70 SAR (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of 0.7905 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, Comfort Systems USA, Inc, Larsen & Toubro Limited, 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 Sep 13, 2026: price 1.71 SAR, calculated fair value 0.7905 SAR (−54%), Quality Score 28/100, 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 0.7905 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 15.8 % 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 should I pay attention to with Multi Business Group Company for Projects right now?
The price sits above even our optimistic bull case (0.7905 SAR). The favourable scenario is already priced in. Weak quality (28/100) 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.

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 81.5M SAR (≈ $21.7M). 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 0.44 (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 Multi Business Group Company for Projects (9619)?
Earnings per share at Multi Business Group Company for Projects are 0.0100 SAR (price ÷ EPS = P/E 171.0). 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 2.3%. 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 0.3% (fiscal year 2025). 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 0.4% (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 −6.3% (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 −27.3% 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 −22.0% 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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