Dar Alarkan Real Estate Development (4300) Fair Value & Analysis
Real Estate · SA · Market cap 22.8B SAR (≈ $6.1B) · ISIN SA11U0S23612
What is Dar Alarkan Real Estate Development really worth?
A solid business, currently priced close to our fair value of 17.85 SAR.
Strengths
Risks
Fair value as of: Aug 30, 2026
From 7 valuation models · updated 5 days ago
Share price +2.2% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
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.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 30, 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 19.38 SAR price screens above the 17.85 SAR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 30, 2026.
Analysis
Dar Alarkan Real Estate Development (4300) currently trades at 19.38 SAR, while our model-based Fair Value estimate is 17.85 SAR, implying the stock looks roughly 8.6% fairly valued today. The Quality Score stands at 55/100 (solid quality), in the Real Estate sector. Bull case: the Multiples group reads highest at a median of 17.85 SAR per share, and 2 of the 7 models we run sit above the 19.38 SAR price. Bear case: the Asset-Based group reads lowest at 13.79 SAR, and 5 of the 7 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, Dar Alarkan Real Estate Development 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 30, 2026
Our scenario range runs from 13.39 SAR (bear case) to 22.31 SAR (bull case); at 19.38 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 8% below its 52-week high and 33% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at −19% fair-value upside, at −8%, 4300 screens cheaper 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 0.7444 SAR per share, which is 4.2 % 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.
All 7 models by family
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
More key figures
Figures from reported company fundamentals · as of Aug 30, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 52 · Market factors (momentum, volatility) 60
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
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 Alarkan Real Estate Development 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. FY2021 was a trough year, so the rate overstates the trend.
of which total revenue +4.2 % · buybacks/dilution +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).
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Peer Group
Real Estate - Development · 567 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 Real Estate - Development median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Aug 30, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Sun Hung Kai Properties Limited 80016 | HK$109.70 | HK$88.93 | −19% |
| China Resources Land Limited 1109 | HK$35.24 | HK$72.16 | +105% |
| Vinhomes Joint Stock Company VHM | 71,700 VND | 109,431 VND | +53% |
| CK Asset Holdings 1113 | HK$47.34 | HK$68.85 | +45% |
| Hongkong Land Holdings H78 | $8.20 | $1.52 | −81% |
| DLF Limited DLF | ₹667.10 | ₹170.24 | −74% |
| China Overseas Land & Investment Limited 0688 | HK$13.76 | HK$22.92 | +67% |
| Macrotech Developers Limited LODHA | ₹1,244 | ₹583.42 | −53% |
| Sino Land Company 0083 | HK$10.33 | HK$6.99 | −32% |
| PT Pantai Indah Kapuk Dua Tbk, PANI | 5,925 IDR | 1,325 IDR | −78% |
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