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Saudi Awwal Bank, (1060) Fair Value & Analysis

Financial Services · SA · Market cap 67.8B SAR

SA Saudi Awwal Bank, 1060 · SR
Price33.06 SAR
Fair Value49.94 SAR
Upside+51.1%
Quality50/100
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Mixed Growth
Highly profitable · 60.9% net margin
Low debt · generates free cash flow
2.96% dividend yield
Ranks above peers (12/14)
Wide moat 68/100
Evidence: High Range 37.46 SAR – 62.43 SAR Share as image

Fair value as of: Aug 13, 2026

From 6 valuation models · updated yesterday

Fair value updated Aug 13, 2026, revised from 53.47 SAR to 49.94 SAR (−6.6%) since Aug 4, 2026. Share price +5.3% over the past month.

A solid business, screening 51% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (37.46 SAR). The market is more pessimistic than our downside scenario.
  • Solid quality (50/100) at a price below fair value, the discount is the argument here, not the business quality.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

36.81 SAR 13.84 SAR Fair Value 49.94 SAR Dec 2019 Aug 2026

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

How to read this chart

60‑month range 13.84 SAR – 36.81 SAR · fair‑value band 37.46 SAR – 62.43 SAR · the 33.06 SAR price screens below the 49.94 SAR fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Saudi Awwal Bank, (1060) currently trades at 33.06 SAR, while our model-based Fair Value estimate is 49.94 SAR, implying the stock looks roughly 51.1% undervalued today. The Quality Score stands at 50/100 (solid quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Saudi Awwal Bank, generated revenue of 14.1B SAR at a net margin of 60.9%. Revenue grew 4.4% year over year. It earns a return on equity of 11.1%. Net debt stands at 4.3B SAR. Fundamentals as of Aug 13, 2026

Our scenario range runs from 37.46 SAR (bear case) to 62.43 SAR (bull case); at 33.06 SAR, the current price sits below 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 about 8% below its 52-week high and 17% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 47% fair-value upside, at 51%, 1060 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.

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 34.61 SAR 38.96 SAR 64.43 SAR 76
Gordon GGM 17.29 SAR 35.95 SAR 57.03 SAR 70
P/E Multiple 40.11 SAR 53.47 SAR 66.84 SAR 63
All 6 models by family
Dividend Discount
Gordon GGM 17.29 SAR 35.95 SAR 57.03 SAR 70
DDM Multi-Stage 17.29 SAR 30.31 SAR 37.73 SAR 61
Multiples
P/E Multiple 40.11 SAR 53.47 SAR 66.84 SAR 63
P/B Multiple 40.54 SAR 54.06 SAR 67.57 SAR 55
Asset-Based
NCAV (Graham) 19.31 SAR 25.87 SAR 38.61 SAR 50
Economic Profit
Residual Income 34.61 SAR 38.96 SAR 64.43 SAR 76

Widest divergence: Multiples (53.47 SAR) versus Asset-Based (25.87 SAR). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 14.1B SAR
Revenue growth (YoY) +4.4%
Net margin 60.9%
Return on equity 11.1%
Free cash flow 7.6B SAR FY2025
P/E ratio 8.7
More key figures
Operating margin 69.7%
EPS (TTM) 3.82 SAR
Dividend yield 3.0%
EPS growth (YoY) +4.9%
Net debt 4.3B SAR FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 50/100

Of which business quality 42 · Market factors (momentum, volatility) 61

Profitability 36
Margins and returns on capital today
Quality Growth 42
Are margins and returns improving?
Cashflow 50
Earnings quality: real cash, not paper profit
Fin. Strength 7
Balance sheet, leverage, solvency risk
Investment 55
Disciplined investing over empire-building
Low Volatility 95
Calm price path (market factor)
Momentum 44
Price trend over the last 3–12 months (market factor)
52W Momentum 52
Distance to the 52-week high (market factor)
Net Issuance 82
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.

About the company

Saudi Awwal Bank, together with its subsidiaries, provides banking and financial services in the Kingdom of Saudi Arabia. The company operates through Wealth & Personal Banking, Corporate and Institutional Banking, Treasury, Capital Markets, and Others segments.

Full company description

Saudi Awwal Bank, together with its subsidiaries, provides banking and financial services in the Kingdom of Saudi Arabia. The company operates through Wealth & Personal Banking, Corporate and Institutional Banking, Treasury, Capital Markets, and Others segments. It offers personal and business savings, current, commodity investment, wafer accounts, and green deposit account; personal and home financing; credit, debit, business, and prepaid cards; wealth management solutions; investment solutions; payments and transfer services; e-statement, treasury, and private banking services; safe deposit lockers; and online, mobile, and phone banking services. The company also provides liquidity and cash management services, including liquidity, collection, and payment management services, merchant payment acceptance solutions, and point of sale services; and trade and receivables finance services, which include export and import services, guarantees, cash backed letter of credit, and structured trade solutions; and foreign exchange, derivative solutions, deposits and loans, bonds, fixed income, structured products, and Islamic solutions, as well as economic research and market analysis. In addition, it engages in the real estate activities. The company was formerly known as Saudi British Bank and changed its name to Saudi Awwal Bank in June 2023. Saudi Awwal Bank was founded in 1978 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

Saudi Awwal Bank, reported revenue of 28.4B SAR in FY2025 versus 7.7B SAR in FY2021, a compound +38.7%/yr. Reported net income was 8.5B SAR in FY2025, compounding +27.4%/yr from FY2021.

Growth Quality 83/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
28.4B SAR
Latest YoY
+101.1%
Avg. 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.
+43.3%
Avg. 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.
+26.2%
Avg. 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.
+10.4%
Revenue +38.7%/yr
FY21 7.7B SAR
FY22 9.7B SAR
FY23 12.8B SAR
FY24 14.1B SAR
FY25 28.4B SAR
Net income +27.4%/yr
FY21 3.2B SAR
FY22 4.8B SAR
FY23 7.0B SAR
FY24 8.1B SAR
FY25 8.5B SAR
Character of growth · EPS growth decomposed (2014-2025) +3.6 % p.a.
Revenue per share +8.1 pp

of which total revenue +12.0 pp · buybacks/dilution −3.9 pp

EBIT margin −2.5 pp
Tax rate −1.6 pp
Residual (interest, one-offs) −0.4 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Saudi Awwal Bank, Fair Value". https://www.fairvalue-calculator.com/stock/1060

Peer Group

Banks - Regional · 1086 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 48 · Below median
Fair Value upside +51% · Top 25%
Return on equity (TTM) 11% · Above median
Return on assets 2% · Top 25%
Net margin (TTM) 61% · Top 25%
Operating margin (TTM) 70% · Top 25%
Revenue growth 4% · Below median
Dividend yield (TTM) 3.0% · Above median
Debt / equity 0.06× · Lower than 75% of peers

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 8.7× · Cheaper than 75% of peers
P/B 0.23× · Cheaper than 75% of peers
P/S (TTM) 1.28× · Cheaper than 75% of peers
P/FCF 2.4× · Cheaper than median
EV/EBITDA 1.4× · Cheaper than 75% of peers

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 100 · sector 33
FUTURE 22 · sector 44
PAST 44 · sector 41
HEALTH 97 · sector 85
DIVIDEND 59 · sector 49

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 Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
PT Bank Central Asia Tbk BBCA 6,350 IDR 4,637 IDR -27%
KB Financial Group 105560 168,100 KRW 220,258 KRW +31%
PT Bank Rakyat Indonesia (Persero) Tbk BBRI 3,110 IDR 3,792 IDR +22%
PT Bank Mandiri (Persero) Tbk BMRI 4,130 IDR 6,067 IDR +47%
Banco Bradesco S.A BBD 5,120 ARS 8,400 ARS +64%
Shinhan Financial Group 055550 103,800 KRW 146,032 KRW +41%
Hana Financial Group 086790 127,900 KRW 210,506 KRW +65%
Lloyds Banking Group LYG 4,138 ARS 8,275 ARS +100%
Joint Stock Commercial Bank for Foreign Trade of Vietnam, VCB 59,500 VND 45,959 VND -23%
Woori Financial Group 316140 33,000 KRW 60,758 KRW +84%

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Frequently asked questions

Is Saudi Awwal Bank, (1060) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 49.94 SAR versus a price of 33.06 SAR, about +51% (undervalued).
What is the fair value of 1060?
Our model-based fair value for Saudi Awwal Bank, is 49.94 SAR (as of Aug 13, 2026), built from audited fundamentals. The current price is 33.06 SAR.
What is the quality score of 1060?
Saudi Awwal Bank, has a Quality Score of 50/100. 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 Saudi Awwal Bank, (1060)?
Saudi Awwal Bank, reported trailing-twelve-month revenue of about 14.1B SAR (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 1060?
The net profit margin of Saudi Awwal Bank, is about 60.9%, meaning it keeps roughly 60.9% of revenue as net income. Based on the latest reported figures.
Does Saudi Awwal Bank, pay a dividend?
Saudi Awwal Bank, currently shows a dividend yield of about 2.96% relative to its recent price (as of Aug 13, 2026).

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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