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Digital Research Company (9621) Fair Value & Analysis

Industrials · SA · Market cap 56.1M SAR

DR Digital Research Company 9621 · SR
Price19.00 SAR
Fair Value14.54 SAR
Upside-23.5%
Quality17/100
Expensive Growth
Loss-making · -11.1% net margin
negative free cash flow
Trails peers (2/9)
Narrow moat 0/100
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Evidence: Low Range 8.95 SAR – 18.45 SAR Share as image

Fair value as of: Aug 1, 2026

From 3 valuation models · updated today

Share price −32.1% over the past month.

What matters now

  • The price sits above even our optimistic bull case (18.45 SAR). The favourable scenario is already priced in.
  • Weak quality (17/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (8.95 SAR to 18.45 SAR) leaves room in how you read the outcome.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Price vs Fair Value (12 months)

28.57 SAR 14.37 SAR Fair Value 14.54 SAR Aug 2025 Jul 2026

12‑month range 14.37 SAR – 28.57 SAR · fair‑value band 8.95 SAR – 18.45 SAR · the 19.00 SAR price screens above the 14.54 SAR fair value. As of Aug 1, 2026.

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Analysis

Digital Research Company (9621) currently trades at 19.00 SAR, while our model-based Fair Value estimate is 14.54 SAR, implying the stock looks roughly 23.5% overvalued today. We read business quality at 17/100 (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: low).

Over the trailing twelve months, Digital Research Company generated revenue of 47.3M SAR at a net margin of -11.1%. Revenue declined 32.3% year over year. It earns a return on equity of -15.3%. The balance sheet holds a net cash position of 13.8M SAR. Fundamentals as of Aug 1, 2026

Our scenario range runs from 8.95 SAR (bear case) to 18.45 SAR (bull case); at 19.00 SAR, the current price sits above that range. The share trades about 33% below its 52-week high and 33% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -11% fair-value upside, at -23%, 9621 screens richer than that median.

Key figures & financial health

Revenue (TTM) 47.3M SAR
Revenue growth (YoY) -32.3%
Net margin -11.1%
Return on equity -15.3%
Free cash flow −1.6M SAR FY2025
Operating margin -5.3%
More key figures
EPS (TTM) -1.94 SAR
Net cash 13.8M SAR FY2025

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

Quality Score breakdown

Overall quality 17/100
Profitability 18
Quality Growth 0
Cashflow 10
Fin. Strength 92
Investment 36
Low Volatility 0
Momentum 37
52W Momentum 17
Net Issuance 0

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

Digital Research Company, a consulting company, provides market research, consulting, and data analytics services in the Kingdom of Saudi Arabia and internationally.

Full company description

Digital Research Company, a consulting company, provides market research, consulting, and data analytics services in the Kingdom of Saudi Arabia and internationally. The company offers market research solutions, including brand and communications, corporate reputation, customer experience, product, proposition and pricing, market sizing, media habits, events and visitor research, market segmentation, usage and attitude, idea generation research, employee engagement, and UX/UI design research; and data and insights solutions. The company also provides consulting services, such as strategy, performance management, commercial advisory, sales and customer excellence, organizational transformation, and economics advisory. Digital Research Company was incorporated in 2014 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

Digital Research Company reported revenue of 47.3M SAR in FY2025 versus 32.5M SAR in FY2021, a compound +9.8%/yr. Reported net income was −5.3M SAR in FY2025.

Revenue +9.8%/yr
FY21 32.5M SAR
FY22 26.7M SAR
FY23 54.3M SAR
FY24 63.1M SAR
FY25 47.3M SAR
Net income
FY21 1.4M SAR
FY22 −7.1M SAR
FY23 10.5M SAR
FY24 5.9M SAR
FY25 −5.3M SAR

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Cite: Fair Value Calculator (2026). "Digital Research Company Fair Value". https://www.fairvalue-calculator.com/stock/9621

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 2 / 15
FUTURE 0 / 11
PAST 0 / 35
HEALTH 0 / 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).

Stock Price Fair Value vs Fair Value
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 Digital Research Company (9621) overvalued or undervalued?
As of Aug 1, 2026, our model estimates a fair value of 14.54 SAR versus a price of 19.00 SAR, about −23% (overvalued).
What is the fair value of 9621?
Our model-based fair value for Digital Research Company is 14.54 SAR (as of Aug 1, 2026), built from audited fundamentals. The current price is 19.00 SAR.
What is the quality score of 9621?
Digital Research Company has a Quality Score of 17/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Digital Research Company (9621)?
Digital Research Company reported trailing-twelve-month revenue of about 47.3M SAR (latest available figure, as of Aug 1, 2026).
What is the net profit margin of 9621?
The net profit margin of Digital Research Company is about -11.1%, meaning it is currently running at a net loss. 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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