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Banque Saudi Fransi (1050) Fair Value & Analysis

Financial Services · SA · Market cap 54.0B SAR (≈ $14.4B) · ISIN SA0007879782

What is Banque Saudi Fransi really worth?

BS Banque Saudi Fransi 1050 · SR
Price21.87 SAR
Fair Value28.39 SAR
Upside+29.8%
Quality39/100

Below-average quality, trading 23% below our fair value of 28.39 SAR.

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Strengths

Highly profitable · 56.0% net margin
Ranks above peers (10/12)
Wide moat 70/100

Risks

!Expensive Growth (revenue 5y +23.1 %/yr)
!Low debt · negative free cash flow
!Evidence only medium, so the estimate is less certain
!Weak on future: 29 out of 100

For context

·4.98% dividend yield
Evidence: Medium Range 21.29 SAR – 35.48 SAR

Fair value as of: Aug 30, 2026

From 6 valuation models · updated 6 days ago

Share price +7.7% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
  • The price sits in the lower half of our model range, the side with the larger margin of safety.
  • Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.

Price vs Fair Value (5 years)

21.98 SAR 7.97 SAR Fair Value 28.39 SAR Feb 2020 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 30, 2026.

How to read this chart

60‑month range 7.97 SAR – 21.98 SAR · fair‑value band 21.29 SAR – 35.48 SAR · the 21.87 SAR price screens below the 28.39 SAR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 30, 2026.

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Analysis

Banque Saudi Fransi (1050) currently trades at 21.87 SAR, while our model-based Fair Value estimate is 28.39 SAR, implying the stock looks roughly 23.0% undervalued today. The Quality Score stands at 39/100 (below-average quality), in the Financial Services sector. Bull case: the Multiples group reads highest at a median of 28.12 SAR per share, and 2 of the 6 models we run sit above the 21.87 SAR price. Bear case: the Asset-Based group reads lowest at 13.71 SAR, and 4 of the 6 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Banque Saudi Fransi generated revenue of 9.8B SAR at a net margin of 56.0%. Revenue grew 5.7% year over year. It earns a return on equity of 10.7%. Net debt stands at 24.8B SAR. Fundamentals as of Aug 30, 2026

Our scenario range runs from 21.29 SAR (bear case) to 35.48 SAR (bull case); at 21.87 SAR, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 49% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at −10% fair-value upside, at 30%, 1050 screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly 0.6115 SAR per share, which is 2.2 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

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
Highest evidence
Residual Income best evidence 18.32 SAR 20.55 SAR 33.29 SAR 75
Gordon GGM 9.72 SAR 20.21 SAR 32.06 SAR 66
DDM Multi-Stage 9.72 SAR 17.04 SAR 21.21 SAR 66
All 6 models by family
Dividend Discount
Gordon GGM 9.72 SAR 20.21 SAR 32.06 SAR 66
DDM Multi-Stage 9.72 SAR 17.04 SAR 21.21 SAR 66
Multiples
P/E Multiple 21.09 SAR 28.12 SAR 35.14 SAR 63
P/B Multiple 21.49 SAR 28.65 SAR 35.82 SAR 55
Asset-Based
NCAV (Graham) 10.23 SAR 13.71 SAR 20.47 SAR 54
Economic Profit
Residual Income best evidence 18.32 SAR 20.55 SAR 33.29 SAR 75

Widest divergence: Multiples (28.12 SAR) versus Asset-Based (13.71 SAR). Highest evidence: Residual Income (75).

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Key figures & financial health

P/E ratio 11.0
P/S ratio 2.93 P/E × margin
EPS (TTM) 1.99 SAR price ÷ EPS = P/E 11.0
Dividend yield 5.0% payout 54.8%
Net margin 26.6% FY2025
Return on equity 10.7% TTM
More key figures
Profitability
Return on assets (EBIT) 1.9% avg 5y
Operating margin 64.2% TTM
Growth
Revenue (TTM) 9.8B SAR TTM
Revenue growth (YoY) +5.7% 3y avg +35.8%
EPS growth (YoY) +1.9%
Balance sheet & cash flow
Free cash flow −12.7B SAR FY2025
Net debt 24.8B SAR FY2025

Figures from reported company fundamentals · as of Aug 30, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 39/100

Of which business quality 30 · Market factors (momentum, volatility) 81

Profitability 36
Margins and returns on capital today
Quality Growth 44
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 16
Balance sheet, leverage, solvency risk
Investment 66
Disciplined investing over empire-building
Low Volatility 91
Calm price path (market factor)
Momentum 72
Price trend over the last 3–12 months (market factor)
52W Momentum 84
Distance to the 52-week high (market factor)
Net Issuance 45
Buybacks instead of dilution

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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Banque Saudi Fransi provides banking and financial services for individuals and businesses in the Kingdom of Saudi Arabia and internationally. The company operates through Retail Banking, Corporate Banking, Treasury, and Investment Banking and Brokerage segments. It offers savings, current, and term deposit accounts; and mada Pay and Apple Pay products.

Full company description

Banque Saudi Fransi provides banking and financial services for individuals and businesses in the Kingdom of Saudi Arabia and internationally. The company operates through Retail Banking, Corporate Banking, Treasury, and Investment Banking and Brokerage segments. It offers savings, current, and term deposit accounts; and mada Pay and Apple Pay products. The company provides home and personal finance; insurance products, such as education, retirement, travel, and car protection; debit and credit cards; local and international guarantees, letters of guarantee and credit, and compliance and regulatory matters; account management, investment, commercial banking, and Islamic products, such as Tawarruq; and working capital, contract, structured, and trade and supply chain solutions. In addition, it offers liquidity and cash management solutions, which include payroll, escrow account, fund collection, point of sale (PoS), business to business, dividends management, e-payment gateway, swift MACUG, VERSE, soft PoS, and payroll and prepaid card service; and foreign exchange, commodities, equities, interest rate and hybrid derivatives, and other trading operations. Further, the company provides private banking services; investment advisory services, such as asset management, securities brokerage, and global investment solutions; mutual funds, margin lending, discretionary portfolio, and conventional and Islamic bonds, as well as alternative assets consisting of private equity and real estate; and corporate finance, overdrafts, consumer loans, investment securities, and money market. The company was founded in 1977 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

Banque Saudi Fransi reported revenue of 20.1B SAR in FY2025 versus 7.2B SAR in FY2021, a compound +29.0%/yr. Reported net income was 5.4B SAR in FY2025, compounding +11.6%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
20.1B SAR
Latest YoY
+108.8%
Avg. revenue growth/yr (3Y) 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.
+35.8%
Avg. revenue growth/yr (5Y) 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.
+23.1%
Avg. revenue growth/yr (19Y) 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.
+8.8%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+1.3% (−3.7 + 5.0)
Revenue +29.0%/yr
FY21 7.2B SAR
FY22 8.0B SAR
FY23 9.4B SAR
FY24 9.6B SAR
FY25 20.1B SAR
Net income +11.6%/yr
FY21 3.4B SAR
FY22 3.6B SAR
FY23 4.2B SAR
FY24 4.5B SAR
FY25 5.4B SAR
Character of growth · EPS growth decomposed (2014-2025) −3.2 % p.a.
Revenue per share +2.6 %

of which total revenue +8.9 % · buybacks/dilution −5.8 %

EBIT margin −3.7 %
Tax rate −1.2 %
Residual (interest, one-offs) −0.8 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Banque Saudi Fransi Fair Value". https://www.fairvalue-calculator.com/stock/1050

Peer Group

Banks - Regional · 1071 stocks

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.

Quality Score 37 · Bottom 25%
Fair Value upside +30% · Above median
Return on equity (TTM) 11% · Above median
Return on assets 2% · Top 25%
Net margin (TTM) 56% · Top 25%
Operating margin (TTM) 64% · Top 25%
Revenue growth 6% · Below median
Dividend yield (TTM) 5.0% · Top 25%
Debt / equity 0.05× · Lower than 75% of peers

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 11.0× · Cheaper than median
P/B 0.28× · Cheaper than 75% of peers
P/S (TTM) 1.47× · Cheaper than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE73 · sector 33
FUTURE29 · sector 45
PAST43 · sector 41
HEALTH98 · sector 85
DIVIDEND100 · sector 51

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 Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Aug 30, 2026).

Stock Price Fair Value vs Fair Value
DBS Group D05 75.65 SGD 40.48 SGD −46%
China Merchants Bank Co 3968 HK$47.96 HK$76.51 +60%
Intesa Sanpaolo S.p.A ISP €6.78 €5.66 −17%
HDFC Bank Limited HDB $23.17 $24.12 +4%
BNP Paribas SA BNP €102.56 €144.64 +41%
UniCredit S.p.A UCG €84.71 €77.62 −8%
Mizuho Financial Group MFG $10.74 $9.69 −10%
ICICI Bank Limited ICICIBANK ₹1,443 ₹835.21 −42%
Oversea-Chinese Banking Corporation O39 31.07 SGD 19.80 SGD −36%
CaixaBank, S.A CABK €13.52 €8.85 −35%

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Frequently asked questions

Is Banque Saudi Fransi (1050) overvalued or undervalued?
As of Aug 30, 2026, our model estimates a fair value of 28.39 SAR versus a price of 21.87 SAR, about +30% upside (undervalued).
What is the fair value of 1050?
Our model-based fair value for Banque Saudi Fransi is 28.39 SAR (as of Aug 30, 2026), built from audited fundamentals. The current price: 21.87 SAR.
What is the quality score of 1050?
Banque Saudi Fransi has a Quality Score of 39/100. 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 revenue of Banque Saudi Fransi (1050)?
Banque Saudi Fransi reported trailing-twelve-month revenue of about 9.8B SAR (latest available figure, as of Aug 30, 2026).
What is the net profit margin of 1050?
The net profit margin of Banque Saudi Fransi is about 56.0%, meaning it keeps roughly 56.0% of revenue as net income. Based on the latest reported figures.
Does Banque Saudi Fransi pay a dividend?
Banque Saudi Fransi currently shows a dividend yield of about 4.98% relative to its recent price (as of Aug 30, 2026).
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