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Dar Al Arkan Real Estate Development Company (4300) Fair Value & Analysis

Real Estate · SA · Market cap 19.9B SAR

DA Dar Al Arkan Real Estate Development Company 4300 · SR
Price18.39 SAR
Fair Value17.85 SAR
Upside-2.9%
Quality55/100
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Expensive Growth
Highly profitable · 28.7% net margin
Moderate debt · negative free cash flow
Ranks above peers (8/12)
Moderate moat 56/100
Evidence: Medium Range 13.39 SAR – 22.31 SAR Share as image

Fair value as of: Aug 13, 2026

From 7 valuation models · updated yesterday

Share price +2.1% over the past month.

A solid business, 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.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

23.60 SAR 8.71 SAR Fair Value 17.85 SAR Apr 2021 Jul 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 8.71 SAR – 23.60 SAR · fair‑value band 13.39 SAR – 22.31 SAR · the 18.39 SAR price screens above the 17.85 SAR fair value. Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

Dar Al Arkan Real Estate Development Company (4300) currently trades at 18.39 SAR, while our model-based Fair Value estimate is 17.85 SAR, implying the stock looks roughly 2.9% fairly valued today. The Quality Score stands at 55/100 (solid quality), in the Real Estate 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: medium).

Over the trailing twelve months, Dar Al Arkan Real Estate Development Company generated revenue of 4.1B SAR at a net margin of 28.7%. Revenue grew 24.8% year over year. It earns a return on equity of 5.4%. Net debt stands at 8.4B SAR. Fundamentals as of Aug 13, 2026

Our scenario range runs from 13.39 SAR (bear case) to 22.31 SAR (bull case); at 18.39 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 12% below its 52-week high and 26% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 15% fair-value upside, at -3%, 4300 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
Residual Income 15.82 SAR 16.03 SAR 15.43 SAR 76
P/S Multiple 13.39 SAR 17.85 SAR 22.31 SAR 58
P/B Multiple 13.39 SAR 17.85 SAR 22.31 SAR 55
All 7 models by family
Multiples
P/S Multiple 13.39 SAR 17.85 SAR 22.31 SAR 58
P/B Multiple 13.39 SAR 17.85 SAR 22.31 SAR 55
EV/EBIT 19.16 SAR 27.24 SAR 35.32 SAR 53
EV/EBITDA 14.28 SAR 20.73 SAR 27.19 SAR 54
EV/Revenue 8.28 SAR 14.01 SAR 19.74 SAR 43
Asset-Based
NCAV (Graham) 10.29 SAR 13.79 SAR 20.58 SAR 50
Economic Profit
Residual Income 15.82 SAR 16.03 SAR 15.43 SAR 76

Widest divergence: Multiples (17.85 SAR) versus Asset-Based (13.79 SAR). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 4.1B SAR
Revenue growth (YoY) +24.8%
Net margin 28.7%
Return on equity 5.4%
Free cash flow −3.3B SAR FY2025
P/E ratio 16.7
More key figures
Operating margin 41.3%
EPS (TTM) 1.10 SAR
EPS growth (YoY) +24.0%
Net debt 8.4B SAR FY2025

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

Quality Score breakdown

Overall quality 55/100

Of which business quality 52 · Market factors (momentum, volatility) 53

Profitability 34
Margins and returns on capital today
Quality Growth 66
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 76
Balance sheet, leverage, solvency risk
Investment 80
Disciplined investing over empire-building
Low Volatility 78
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 47
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

Dar Al Arkan Real Estate Development Company, together with its subsidiaries, primarily engages in the development, management, lease, and sale of real estate projects and associated activities in the Kingdom of Saudi Arabia.

Full company description

Dar Al Arkan Real Estate Development Company, together with its subsidiaries, primarily engages in the development, management, lease, and sale of real estate projects and associated activities in the Kingdom of Saudi Arabia. It is involved in the management, operation, and maintenance of residential and commercial buildings, as well as public facilities; purchase of land and general contracting; real estate investments; and leasing and property management. The company was founded in 1994 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

Dar Al Arkan Real Estate Development Company reported revenue of 3.9B SAR in FY2025 versus 2.5B SAR in FY2021, a compound +11.8%/yr. Reported net income was 1.1B SAR in FY2025, compounding +71.0%/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)
3.9B SAR
Latest YoY
+3.7%
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.
−0.2%
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.
+14.9%
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.
−0.6%
Revenue +11.8%/yr
FY21 2.5B SAR
FY22 3.9B SAR
FY23 2.7B SAR
FY24 3.8B SAR
FY25 3.9B SAR
Net income +71.0%/yr
FY21 133M SAR
FY22 442M SAR
FY23 611M SAR
FY24 807M SAR
FY25 1.1B SAR
Character of growth · EPS growth decomposed (2014-2025) +8.9 % p.a.
Revenue per share +4.2 pp

of which total revenue +4.2 pp · buybacks/dilution +0.0 pp

EBIT margin +1.1 pp
Tax rate −0.8 pp
Residual (interest, one-offs) +4.3 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). "Dar Al Arkan Real Estate Development Company Fair Value". https://www.fairvalue-calculator.com/stock/4300

Peer Group

Real Estate - Development · 592 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 57 · Top 25%
Fair Value upside −3% · Below median
Return on equity (TTM) 5% · Above median
Return on assets 3% · Above median
Net margin (TTM) 29% · Top 25%
Operating margin (TTM) 41% · Top 25%
Revenue growth 25% · Above median
Debt / equity 0.58× · Higher than median

Valuation Multiples vs Real Estate - Development median · lower = cheaper

P/E (TTM) 16.7× · Pricier than median
P/B 0.24× · Cheaper than median
P/S (TTM) 1.28× · Pricier than median
EV/EBITDA 6.1× · Cheaper than median

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 29 · sector 47
FUTURE 100 · sector 0
PAST 22 · sector 10
HEALTH 71 · sector 85
DIVIDEND 0 · sector 37

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 Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
DLF Limited DLF ₹661.75 ₹146.13 -78%
Lodha Developers Limited LODHA ₹1,209 ₹583.43 -52%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,150 IDR 1,330 IDR -78%
PT Jaya Real Property, Tbk., JRPT 1,080 IDR 1,674 IDR +55%
PT Bumi Serpong Damai Tbk, BSDE 595.00 IDR 1,488 IDR +150%
PT Sentul City Tbk, BKSL 73.00 IDR 84.16 IDR +15%
PT Ciputra Development Tbk, CTRA 610.00 IDR 1,525 IDR +150%
Khang Dien House Trading and Investment Joint Stock Company KDH 18,150 VND 20,338 VND +12%
PT Duta Pertiwi Tbk DUTI 4,300 IDR 6,239 IDR +45%
PT Puradelta Lestari Tbk DMAS 147.00 IDR 164.33 IDR +12%

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Frequently asked questions

Is Dar Al Arkan Real Estate Development Company (4300) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 17.85 SAR versus a price of 18.39 SAR, about −3% (fairly valued).
What is the fair value of 4300?
Our model-based fair value for Dar Al Arkan Real Estate Development Company is 17.85 SAR (as of Aug 13, 2026), built from audited fundamentals. The current price is 18.39 SAR.
What is the quality score of 4300?
Dar Al Arkan Real Estate Development Company has a Quality Score of 55/100. 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 Dar Al Arkan Real Estate Development Company (4300)?
Dar Al Arkan Real Estate Development Company reported trailing-twelve-month revenue of about 4.1B SAR (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 4300?
The net profit margin of Dar Al Arkan Real Estate Development Company is about 28.7%, meaning it keeps roughly 28.7% 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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