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MBC Group (4072) Fair Value & Analysis

Communication Services · SA · Market cap 6.7B SAR

MG MBC Group 4072 · SR
Price20.43 SAR
Fair Value19.24 SAR
Upside-5.8%
Quality43/100
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Expensive Growth
Thin margins · 7.1% net margin
Low debt · negative free cash flow
Mixed vs. peers (7/12)
Narrow moat 36/100
Evidence: High Range 14.43 SAR – 24.05 SAR Share as image

Fair value as of: Aug 13, 2026

From 15 valuation models · updated yesterday

Fair value updated Aug 13, 2026, revised from 19.56 SAR to 19.24 SAR (−1.6%) since Jul 31, 2026. Share price −3.6% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from 14.43 SAR (bear) to 24.05 SAR (bull), base 19.24 SAR. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 43/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (3 years)

79.90 SAR 20.06 SAR Fair Value 19.24 SAR Jan 2024 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

31‑month range 20.06 SAR – 79.90 SAR · fair‑value band 14.43 SAR – 24.05 SAR · the 20.43 SAR price screens above the 19.24 SAR fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

MBC Group (4072) currently trades at 20.43 SAR, while our model-based Fair Value estimate is 19.24 SAR, implying the stock looks roughly 5.8% fairly valued today. The Quality Score stands at 43/100 (below-average quality), in the Communication Services 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: high).

Over the trailing twelve months, MBC Group generated revenue of 4.9B SAR at a net margin of 7.1%. Revenue declined 22.9% year over year. It earns a return on equity of 8.5%. The balance sheet holds a net cash position of 1.3B SAR. Fundamentals as of Aug 13, 2026

Our scenario range runs from 14.43 SAR (bear case) to 24.05 SAR (bull case); at 20.43 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 46% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 20% fair-value upside, at -6%, 4072 screens richer 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
ROIC Compounder 8.64 SAR 9.41 SAR 10.07 SAR 72
Growth-Adj P/E 26.55 SAR 37.93 SAR 49.31 SAR 68
P/E Multiple 18.98 SAR 25.31 SAR 31.64 SAR 63
All 15 models by family
DCF Models
Owner Earnings 14.13 SAR 26.74 SAR 52.23 SAR 31
Earnings-Based
Graham-Dodd 7.82 SAR 54.56 SAR 76.56 SAR 54
Lynch FV 20.36 SAR 29.08 SAR 37.81 SAR 50
PEG = 1.0 20.36 SAR 29.08 SAR 37.81 SAR 46
EPV 8.64 SAR 9.41 SAR 10.07 SAR 59
Multiples
P/E Multiple 18.98 SAR 25.31 SAR 31.64 SAR 63
P/S Multiple 14.67 SAR 19.56 SAR 24.45 SAR 58
P/B Multiple 14.67 SAR 19.56 SAR 24.45 SAR 55
EV/EBIT 10.91 SAR 13.29 SAR 15.67 SAR 53
EV/EBITDA 11.98 SAR 14.72 SAR 17.46 SAR 54
EV/Revenue 9.18 SAR 11.51 SAR 13.83 SAR 43
Asset-Based
NCAV (Graham) 6.84 SAR 9.17 SAR 13.68 SAR 50
Economic Profit
Residual Income 11.35 SAR 12.18 SAR 13.92 SAR 61
ROIC Compounder 8.64 SAR 9.41 SAR 10.07 SAR 72
Growth Earnings
Growth-Adj P/E 26.55 SAR 37.93 SAR 49.31 SAR 68

Widest divergence: Growth Earnings (37.93 SAR) versus Asset-Based (9.17 SAR). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) 4.9B SAR
Revenue growth (YoY) -22.9%
Net margin 7.1%
Return on equity 8.5%
Free cash flow −80.6M SAR FY2025
P/E ratio 19.5
More key figures
Operating margin 9.9%
EPS (TTM) 1.05 SAR
EPS growth (YoY) -14.6%
Net cash 1.3B SAR FY2025

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

Quality Score breakdown

Overall quality 43/100

Of which business quality 43 · Market factors (momentum, volatility) 28

Profitability 37
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 9
Earnings quality: real cash, not paper profit
Fin. Strength 77
Balance sheet, leverage, solvency risk
Investment 52
Disciplined investing over empire-building
Low Volatility 79
Calm price path (market factor)
Momentum 11
Price trend over the last 3–12 months (market factor)
52W Momentum 1
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.

About the company

MBC Group operates as a media company in the United Arab Emirates, Saudi Arabia, Egypt, Iraq, North Africa, and internationally. It operates free-to-air TV channels and radio stations, such as MBC1, MBC2, MBC3, MBC4, MBC5, MBC MASR, MBC IRAQ, and MBC LOUD FM, as well as MBC SHAHID, an Arabic streaming platform.

Full company description

MBC Group operates as a media company in the United Arab Emirates, Saudi Arabia, Egypt, Iraq, North Africa, and internationally. It operates free-to-air TV channels and radio stations, such as MBC1, MBC2, MBC3, MBC4, MBC5, MBC MASR, MBC IRAQ, and MBC LOUD FM, as well as MBC SHAHID, an Arabic streaming platform. The company is also involved in production and post-production of television programs; acquisition of television content for resale; music label and rights management; management and development of artistic and entertainment talents; events and exhibitions management; and management of real estate properties owned and leased. In addition, it engages in managing distribution contracts; brokerage, production, and distribution of artwork; and production of television, cinema, broadcasting, and media arts works; MBC ACADEMY, an educational and training platform; music publishing, and touring and merchandising services; and WIZZO, a mobile gaming app comprising esports events and a local gaming network. Further, the company provides FlashWin, a web-based game; and broadcasting services, broadcast support services, event management services, advertising services, technical support services, and commerce services, including technical management of websites and mobile applications. The company was founded in 1991 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

MBC Group reported revenue of 5.4B SAR in FY2025 versus 2.8B SAR in FY2021, a compound +17.3%/yr. Reported net income was 383M SAR in FY2025, compounding −15.1%/yr from FY2021.

Growth Quality 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
5.4B SAR
Latest YoY
+28.5%
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.
+15.6%
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.
+18.4%
Revenue +17.3%/yr
FY21 2.8B SAR
FY22 3.5B SAR
FY23 2.5B SAR
FY24 4.2B SAR
FY25 5.4B SAR
Net income −15.1%/yr
FY21 737M SAR
FY22 35.0M SAR
FY23 28.5M SAR
FY24 400M SAR
FY25 383M SAR

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Cite: Fair Value Calculator (2026). "MBC Group Fair Value". https://www.fairvalue-calculator.com/stock/4072

Peer Group

Broadcasting · 66 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 43 · Below median
Fair Value upside −6% · Below median
Return on equity (TTM) 9% · Top 25%
Return on assets 1% · Below median
Net margin (TTM) 7% · Above median
Operating margin (TTM) 10% · Above median
Revenue growth -23% · Bottom 25%
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Broadcasting median · lower = cheaper

P/E (TTM) 19.5× · Pricier than median
P/B 0.39× · Cheaper than 75% of peers
P/S (TTM) 0.36× · Cheaper than median
EV/EBITDA 3.1× · 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 26 · sector 29
FUTURE 0 · sector 0
PAST 34 · sector 3
HEALTH 99 · sector 96
DIVIDEND 0 · sector 46

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

Stock Price Fair Value vs Fair Value
Nexstar Media Group NXST $185.14 $151.97 -18%
SES S.A SESG €5.43 €18.90 +248%
PT Elang Mahkota Teknologi Tbk, through its subsidiaries, EMTK 500.00 IDR 1,094 IDR +119%
MFE-Mediaforeurope N.V MFEB €3.62 €5.38 +49%
Jiangsu Broadcasting Cable Information Network Corporation 600959 ¥3.10 ¥1.14 -63%
Sun TV Network Limited SUNTV ₹487.90 ₹586.58 +20%
Métropole Télévision S.A MMT €12.04 €15.96 +33%
Beijing Gehua Catv Network Co 600037 ¥7.15 ¥3.64 -49%
PT Surya Citra Media Tbk, SCMA 200.00 IDR 198.19 IDR -1%
Zee Entertainment Enterprises Limited ZEEL ₹97.52 ₹53.22 -45%

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Frequently asked questions

Is MBC Group (4072) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 19.24 SAR versus a price of 20.43 SAR, about −6% (fairly valued).
What is the fair value of 4072?
Our model-based fair value for MBC Group is 19.24 SAR (as of Aug 13, 2026), built from audited fundamentals. The current price is 20.43 SAR.
What is the quality score of 4072?
MBC Group has a Quality Score of 43/100. 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 MBC Group (4072)?
MBC Group reported trailing-twelve-month revenue of about 4.9B SAR (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 4072?
The net profit margin of MBC Group is about 7.1%, meaning it keeps roughly 7.1% of revenue as net income. 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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