Makkah Construction and Development Company (4100) Fair Value & Analysis
Consumer Cyclical · SA · Market cap 16.2B SAR
Fair value as of: Aug 13, 2026
From 26 valuation models · updated today
Share price −1.2% over the past month.
A solid business, but screening 56% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (45.35 SAR). The favourable scenario is already priced in.
- Solid but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (23.49 SAR to 45.35 SAR) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
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 42.26 SAR – 109.85 SAR · fair‑value band 23.49 SAR – 45.35 SAR · the 81.95 SAR price screens above the 36.25 SAR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Makkah Construction and Development Company (4100) currently trades at 81.95 SAR, while our model-based Fair Value estimate is 36.25 SAR, implying the stock looks roughly 55.8% overvalued today. The Quality Score stands at 64/100 (solid quality), in the Consumer Cyclical 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, Makkah Construction and Development Company generated revenue of 516M SAR at a net margin of 43.0%. Revenue declined 10.6% year over year. It earns a return on equity of 3.1%. Net debt stands at 31.0M SAR. Fundamentals as of Aug 13, 2026
Our scenario range runs from 23.49 SAR (bear case) to 45.35 SAR (bull case); at 81.95 SAR, the current price sits above 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 13% below its 52-week high and 23% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -47% fair-value upside, at -56%, 4100 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.
All 26 models by family
Widest divergence: Growth Earnings (55.41 SAR) versus Asset-Based (12.87 SAR). Highest evidence: Growth DCF (80).
Notify me when 4100 reaches fair value
Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 63 · Market factors (momentum, volatility) 46
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
Makkah Construction and Development Company invests in, owns, develops, manages, purchases, and leases properties near Al Masjid Al Haram in the Kingdom of Saudi Arabia. It operates through The Commercial Center, Hotels and towers, Hajj and Umrah, and Investment sector segment.
Full company description
Makkah Construction and Development Company invests in, owns, develops, manages, purchases, and leases properties near Al Masjid Al Haram in the Kingdom of Saudi Arabia. It operates through The Commercial Center, Hotels and towers, Hajj and Umrah, and Investment sector segment. It engages in the engineering works, including building, constructing, repairing, and demolishing works, as well as operates hotels; and offers Hajj and Umrah services. The company was incorporated in 1989 and is headquartered in Mecca, the Kingdom of Saudi Arabia.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Makkah Construction and Development Company reported revenue of 1.1B SAR in FY2026 versus 253M SAR in FY2022, a compound +43.5%/yr. Reported net income was 474M SAR in FY2026, compounding +46.2%/yr from FY2022.
of which total revenue +9.0 pp · buybacks/dilution −1.6 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).
4100 screens 56% overvalued. Compare with Marriott International, Inc →
Peer Group
Lodging · 167 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.
Valuation Multiples vs Lodging median · lower = cheaper
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 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Lodging stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Marriott International, Inc MAR | $354.58 | $132.35 | -63% |
| Hilton Worldwide Holdings HLT | $322.53 | $122.02 | -62% |
| InterContinental Hotels Group IHG | $161.82 | $85.18 | -47% |
| Hyatt Hotels Corporation H | $178.37 | $46.78 | -74% |
| H World Group HTHT | $41.25 | $47.78 | +16% |
| The Indian Hotels Company INDHOTEL | ₹724.00 | ₹253.67 | -65% |
| Hanjin Kal, 180640 | 118,200 KRW | 36,890 KRW | -69% |
| Jabal Omar Development Company 4250 | 16.00 SAR | 11.64 SAR | -27% |
| Minor International Public Company MINT | 22.90 THB | 32.82 THB | +43% |
| Shanghai Jin Jiang International Hotels Co 600754 | ¥19.48 | ¥22.37 | +15% |
Compare Makkah Construction and Development Company with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Consumer Cyclical stocks →
Frequently asked questions
Is Makkah Construction and Development Company (4100) overvalued or undervalued?
What is the fair value of 4100?
What is the quality score of 4100?
What is the revenue of Makkah Construction and Development Company (4100)?
What is the net profit margin of 4100?
Does Makkah Construction and Development Company pay a dividend?
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.
Track Makkah Construction and Development Company and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.