Digital Research Company (9621) fair value: what the stock is really worth
We calculate from audited financials what Digital Research Company 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.
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Price vs Fair Value
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 14.37 SAR – 47.37 SAR · fair‑value band 8.95 SAR – 18.45 SAR · the 19.60 SAR price screens above the 14.54 SAR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 13, 2026.
Digital Research Company, a consulting company, provides market research, consulting, and data analytics services in the Kingdom of Saudi Arabia and internationally.
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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.
Stock analysis
Digital Research Company (9621) currently trades at 19.60 SAR, while our model-based Fair Value estimate is 14.54 SAR, implying the stock looks roughly 34.8% overvalued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of 14.99 SAR per share, and 0 of the 3 models we run sit above the 19.60 SAR price.
Bear case: the Asset-Based group reads lowest at 7.16 SAR, and 3 of the 3 models stay below the price. Evidence for this calculation is low.
Scenario range: 8.95 SAR (bear) to 18.45 SAR (bull), the price of 19.60 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 21/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
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.
Key figures
Market cap 56.1M SAR (≈ $14.9M) · P/S ratio 1.19 · EPS (TTM) −1.94 SAR · Dividend yield 7.1% · Net margin −11.1% · Return on equity −15.3% · Return on assets (EBIT) 2.9% · Operating margin −5.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 31% below its 52-week high and 38% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 0% fair-value upside, at −26%, 9621 screens richer than that median.
Fair Value models
Bear 8.95 SARFair Value 14.54 SARBull 18.45 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.
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.38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−25.0%
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.
+21.0%
Revenue growth 5 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.
+19.3%
’20
’21
’22
’23
’24
’25
Profit margin (trend) ⓘ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.
−15.0% (2020) → −8.6% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Compare Digital Research Company with another stock
Price, fair value, quality and upside side by side.
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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.Consulting Services · 82 stocks
Beats the industry median on 3/9 measures
Overall it trails its industry peers.
Valuation
Quality Score21 · Bottom 25%
Fair Value upside−33% · Bottom 25%
Profitability
Return on assets−4% · Bottom 25%
Net margin (TTM)−11% · Bottom 25%
Operating margin (TTM)−5% · Bottom 25%
Growth and dividend
Revenue growth−32% · Bottom 25%
Dividend yield (TTM)7.1% · Top 25%
Valuation Multiplesvs Consulting Services median · lower = cheaper
P/B0.47× · Cheapest 25%
P/S (TTM)0.32× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 41
FUTURE (revenue growth)0· sector 10
PAST (return on equity)0· sector 36
HEALTH (low debt)0· sector 89
DIVIDEND (yield)100· sector 62
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Digital Research Company Fair Value". https://www.fairvalue-calculator.com/stock/9621
Frequently asked questions
Is Digital Research Company (9621) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of 14.54 SAR versus a price of 19.60 SAR, about −26% upside (overvalued).
What is the fair value of 9621?
Our model-based fair value for Digital Research Company is 14.54 SAR (as of Sep 13, 2026), built from audited fundamentals. The current price: 19.60 SAR.
What is the quality score of 9621?
Digital Research Company has a Quality Score of 21/100. 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 Digital Research Company (9621)?
Our model-based price target is the fair value of 14.54 SAR (as of Sep 13, 2026) from 3 valuation models. Cautious scenario 8.95 SAR, optimistic scenario 18.45 SAR. It is a calculation from audited fundamentals, not an analyst target.
What is the Digital Research Company stock forecast for 2026?
Our models put fair value at 14.54 SAR, about −26% upside versus a price of 19.60 SAR (overvalued). Cautious scenario 8.95 SAR, optimistic scenario 18.45 SAR. The calculation is refreshed regularly with new filings.
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 Sep 13, 2026).
Does Digital Research Company pay a dividend?
Digital Research Company currently shows a dividend yield of about 7.13% relative to its recent price (as of Sep 13, 2026).
What is the intrinsic value of Digital Research Company (9621)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Digital Research Company it is 14.54 SAR per share (as of Sep 13, 2026), against a price of 19.60 SAR. It is the blended result of 3 valuation models (cash flow, earnings, asset, dividend).
Is Digital Research Company stock overvalued or undervalued in 2026?
As of Sep 13, 2026, 9621 trades above its calculated fair value: price 19.60 SAR, fair value 14.54 SAR, a gap of about −26% (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 9621?
No. The price is what the market pays today (19.60 SAR); the fair value is what the company's own numbers justify (14.54 SAR). For Digital Research Company the two are 5.06 SAR per share apart. That gap is exactly why we show both numbers side by side.
How much is Digital Research Company worth?
The market values Digital Research Company at about 56.1M SAR (market capitalisation, as of Sep 13, 2026). Per share that is 19.60 SAR; our models calculate a fair value of 14.54 SAR per share.
What do the bullish and bearish scenarios say about 9621?
Our models span a range for Digital Research Company: cautious scenario 8.95 SAR, base 14.54 SAR, optimistic 18.45 SAR per share (as of Sep 13, 2026, price 19.60 SAR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Digital Research Company (9621)?
Balance-sheet figures for Digital Research Company (as of Sep 13, 2026): return on equity −15.3%. They feed the Quality Score of 21/100, which measures business quality independently of the share price.
How far is 9621 from its 52-week high?
Digital Research Company trades at 19.60 SAR, about 31% below its 52-week high of 28.57 SAR and 38% above the low of 14.24 SAR (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of 14.54 SAR is for.
Which stocks are comparable to Digital Research Company?
From the same area (Industrials) we also value Verisk Analytics, Inc, SGS SA, Equifax Inc, Bureau Veritas SA, 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 Digital Research Company stock attractive at the current price?
The data as of Sep 13, 2026: price 19.60 SAR, calculated fair value 14.54 SAR (−26%), Quality Score 21/100, from 3 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 9621 calculated?
We run Digital Research Company through 3 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 14.54 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 15.6 % above its aggregate fair value. Digital Research Company 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 Digital Research Company (9621)?
The closing price on Sep 13, 2026 was 19.60 SAR. Our model-based fair value is 14.54 SAR, about −26% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Digital Research Company right now?
The price sits above even our optimistic bull case (18.45 SAR). The favourable scenario is already priced in. Weak quality (21/100) 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.
Key figures of Digital Research Company
How large is the market capitalisation of Digital Research Company (9621)?
The market capitalisation of Digital Research Company is 56.1M SAR (≈ $14.9M). 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 Digital Research Company (9621)?
The price-to-sales ratio of Digital Research Company is 1.19 (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 Digital Research Company (9621)?
Earnings per share at Digital Research Company are −1.94 SAR. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Digital Research Company (9621)?
The dividend yield of Digital Research Company is 7.1%. 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 Digital Research Company (9621)?
The net margin of Digital Research Company is −11.1% (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 Digital Research Company (9621)?
The return on equity (ROE) of Digital Research Company is −15.3% (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 Digital Research Company (9621)?
On an EBIT basis the return on assets of Digital Research Company is 2.9% (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 Digital Research Company (9621)?
The operating margin of Digital Research Company is −5.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Digital Research Company (9621)?
Revenue at Digital Research Company is growing −32.3% versus a year earlier (3y avg +21.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Digital Research Company (9621) generate?
The free cash flow of Digital Research Company is −1.6M 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 Digital Research Company (9621) hold?
Digital Research Company holds more cash than debt, 13.8M SAR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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