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Bank Albilad (1140) Fair Value & Analysis

Financial Services · SA · Market cap 38.8B SAR (≈ $10.3B) · ISIN SA000A0D9HK3

What is Bank Albilad really worth?

BA Bank Albilad 1140 · SR
Price25.92 SAR
Fair Value22.05 SAR
Upside−14.9%
Quality51/100

A solid business, but trading 18% above our fair value of 22.05 SAR.

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Strengths

Healthy Growth (revenue 5y +21.2 %/yr)
Highly profitable · 50.8% net margin
Low debt · generates free cash flow
Ranks above peers (10/14)
Wide moat 70/100

Risks

!Weak on valuation: 13 out of 100
!Weak on future: 22 out of 100

For context

·4.05% dividend yield
Evidence: High Range 16.53 SAR – 27.56 SAR

Fair value as of: Sep 4, 2026

From 6 valuation models · updated today

Share price +5.3% over the past month.

What runs behind every stock

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

What matters now

  • Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Price vs Fair Value (5 years)

34.13 SAR 16.11 SAR Fair Value 22.05 SAR May 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 4, 2026.

How to read this chart

60‑month range 16.11 SAR – 34.13 SAR · fair‑value band 16.53 SAR – 27.56 SAR · the 25.92 SAR price screens above the 22.05 SAR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 4, 2026.

Full chart & analysis →

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Analysis

Bank Albilad (1140) currently trades at 25.92 SAR, while our model-based Fair Value estimate is 22.05 SAR, implying the stock looks roughly 17.6% overvalued today. The Quality Score stands at 51/100 (solid quality), in the Financial Services sector. Bull case: the Economic Profit group reads highest at a median of 18.00 SAR per share, and 1 of the 6 models we run sit above the 25.92 SAR price. Bear case: the Dividend Discount group reads lowest at 7.24 SAR, and 5 of the 6 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Bank Albilad generated revenue of 6.1B SAR at a net margin of 50.8%. Revenue grew 4.4% year over year. It earns a return on equity of 14.0%. Net debt stands at 3.4B SAR. Fundamentals as of Sep 4, 2026

Our scenario range runs from 16.53 SAR (bear case) to 27.56 SAR (bull case); at 25.92 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 about 10% below its 52-week high and 14% 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 −15%, 1140 screens richer 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 0.6158 SAR per share, which is 2.8 % 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
Gordon GGM 4.13 SAR 8.59 SAR 13.63 SAR 66
DDM Multi-Stage 4.13 SAR 7.24 SAR 9.02 SAR 66
Residual Income 13.48 SAR 18.00 SAR 58.27 SAR 64
All 6 models by family
Dividend Discount
Gordon GGM 4.13 SAR 8.59 SAR 13.63 SAR 66
DDM Multi-Stage 4.13 SAR 7.24 SAR 9.02 SAR 66
Multiples
P/E Multiple 19.82 SAR 26.43 SAR 33.04 SAR 63
P/B Multiple 13.24 SAR 17.66 SAR 22.07 SAR 55
Asset-Based
NCAV (Graham) 6.31 SAR 8.45 SAR 12.61 SAR 54
Economic Profit
Residual Income 13.48 SAR 18.00 SAR 58.27 SAR 64

Widest divergence: Economic Profit (18.00 SAR) versus Dividend Discount (7.24 SAR). Highest evidence: Gordon GGM (66).

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Key figures & financial health

P/E ratio 13.1
P/S ratio 3.58 P/E × margin
EPS (TTM) 1.98 SAR price ÷ EPS = P/E 13.1
Dividend yield 4.1% payout 53.0%
Net margin 27.3% FY2025
Return on equity 14.0% TTM
More key figures
Profitability
Return on assets (EBIT) 1.9% avg 5y
Operating margin 56.7% TTM
Growth
Revenue (TTM) 6.1B SAR TTM
Revenue growth (YoY) +4.4% 3y avg +29.2%
EPS growth (YoY) −5.9%
Balance sheet & cash flow
Free cash flow 3.9B SAR FY2025
Net debt 3.4B SAR FY2025 · ≈ 0.9 yrs of FCF

Figures from reported company fundamentals · as of Sep 4, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 48 · Market factors (momentum, volatility) 61

Profitability 39
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 88
Earnings quality: real cash, not paper profit
Fin. Strength 19
Balance sheet, leverage, solvency risk
Investment 57
Disciplined investing over empire-building
Low Volatility 94
Calm price path (market factor)
Momentum 46
Price trend over the last 3–12 months (market factor)
52W Momentum 47
Distance to the 52-week high (market factor)
Net Issuance 40
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

Bank Albilad, through its subsidiaries, provides various banking products and services in the Kingdom of Saudi Arabia. The company operates in four segments: Retail Banking, Corporate Banking, Treasury, and Investment Banking and Brokerage.

Full company description

Bank Albilad, through its subsidiaries, provides various banking products and services in the Kingdom of Saudi Arabia. The company operates in four segments: Retail Banking, Corporate Banking, Treasury, and Investment Banking and Brokerage. It offers current, savings, awaed albilad, tamayuz, corporate, and SME current accounts; personal financing products, such as financing Murabaha via Albilad app, shares financing, top-up financing, refinancing, buyout programs, finance against mortgage, and deferring finance instalments; real estate financing products; auto financing and leasing products; remittances; currency exchange services; corporate financing solutions, which include working capital, asset, and contract financing; overdrafts; and structured finance products. The company also provides cash management solutions; trade finance products comprising letters of guarantee, letters of credit, documentary collection, and Musharkah financing; money market; treasury services consisting of direct investment and foreign exchange services; SME financing solutions; SME programs, such as customs clearance, hajj and omrah, POS financing, franchise programs, contracts financing, and payroll financing programs; point of sale services; e-commerce payment platforms; investment management and asset management; and payroll services and wage protection systems. In addition, it offers credit, debit, Albilad mada, salary, and Medad prepaid cards; and internet and online banking services. Bank Albilad was incorporated in 2004 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

Bank Albilad reported revenue of 11.2B SAR in FY2025 versus 4.6B SAR in FY2021, a compound +24.9%/yr. Reported net income was 3.0B SAR in FY2025, compounding +16.0%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
11.2B SAR
Latest YoY
+97.5%
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.
+29.2%
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.
+21.2%
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.
+13.5%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+12.7% (8.6 + 4.1)
Revenue +24.9%/yr
FY21 4.6B SAR
FY22 5.2B SAR
FY23 5.3B SAR
FY24 5.7B SAR
FY25 11.2B SAR
Net income +16.0%/yr
FY21 1.7B SAR
FY22 2.1B SAR
FY23 2.4B SAR
FY24 2.8B SAR
FY25 3.0B SAR
Character of growth · EPS growth decomposed (2014-2025) +10.0 % p.a.
Revenue per share +9.9 %

of which total revenue +14.2 % · buybacks/dilution −3.8 %

EBIT margin +1.3 %
Tax rate −1.2 %
Residual (interest, one-offs) +0.0 %

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).

1140 screens 18% overvalued. Compare with DBS Group →

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Cite: Fair Value Calculator (2026). "Bank Albilad Fair Value". https://www.fairvalue-calculator.com/stock/1140

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 50 · Below median
Fair Value upside −15% · Below median
Return on equity (TTM) 14% · Top 25%
Return on assets 2% · Top 25%
Net margin (TTM) 51% · Top 25%
Operating margin (TTM) 57% · Top 25%
Revenue growth 4% · Below median
Dividend yield (TTM) 4.1% · Top 25%
Debt / equity 0.11× · Lower than 75% of peers

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 13.1× · Pricier than median
P/B 0.55× · Cheaper than 75% of peers
P/S (TTM) 1.69× · Cheaper than 75% of peers
P/FCF 2.6× · Cheaper than median
EV/EBITDA 0.7× · 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
VALUE13 · sector 33
FUTURE22 · sector 45
PAST56 · sector 41
HEALTH95 · sector 85
DIVIDEND81 · 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 Sep 4, 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 €13.10 €8.85 −32%

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Frequently asked questions

Is Bank Albilad (1140) overvalued or undervalued?
As of Sep 4, 2026, our model estimates a fair value of 22.05 SAR versus a price of 25.92 SAR, about −15% upside (overvalued).
What is the fair value of 1140?
Our model-based fair value for Bank Albilad is 22.05 SAR (as of Sep 4, 2026), built from audited fundamentals. The current price: 25.92 SAR.
What is the quality score of 1140?
Bank Albilad has a Quality Score of 51/100. 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 Bank Albilad (1140)?
Bank Albilad reported trailing-twelve-month revenue of about 6.1B SAR (latest available figure, as of Sep 4, 2026).
What is the net profit margin of 1140?
The net profit margin of Bank Albilad is about 50.8%, meaning it keeps roughly 50.8% of revenue as net income. Based on the latest reported figures.
Does Bank Albilad pay a dividend?
Bank Albilad currently shows a dividend yield of about 4.05% relative to its recent price (as of Sep 4, 2026).
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