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Umm Al Qura for Development and Construction Company (4325) Fair Value & Analysis

Real Estate · SA · Market cap 23.7B SAR

UA Umm Al Qura for Development and Construction Company 4325 · SR
Price17.55 SAR
Fair Value11.60 SAR
Upside-33.9%
Quality67/100
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Healthy Growth
Highly profitable · 35.0% net margin
Low debt · generates free cash flow
Mixed vs. peers (7/13)
Moderate moat 64/100
Evidence: High Range 7.49 SAR – 14.50 SAR Share as image

Fair value as of: Aug 13, 2026

From 14 valuation models · updated today

Fair value updated Aug 13, 2026, revised from 11.62 SAR to 11.60 SAR (−0.2%) since Jul 31, 2026. Share price +1.2% over the past month.

A solid business, but screening 34% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (14.50 SAR). The favourable scenario is already priced in.
  • Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (7.49 SAR to 14.50 SAR) leaves room in how you read the outcome.
  • 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 (17 months)

26.70 SAR 14.62 SAR Fair Value 11.60 SAR Mar 2025 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

17‑month range 14.62 SAR – 26.70 SAR · fair‑value band 7.49 SAR – 14.50 SAR · the 17.55 SAR price screens above the 11.60 SAR fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Umm Al Qura for Development and Construction Company (4325) currently trades at 17.55 SAR, while our model-based Fair Value estimate is 11.60 SAR, implying the stock looks roughly 33.9% overvalued today. The Quality Score stands at 67/100 (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: high).

Over the trailing twelve months, Umm Al Qura for Development and Construction Company generated revenue of 2.5B SAR at a net margin of 35.0%. Revenue declined 84.1% year over year. It earns a return on equity of 5.6%. Net debt stands at 7.3B SAR. Fundamentals as of Aug 13, 2026

Our scenario range runs from 7.49 SAR (bear case) to 14.50 SAR (bull case); at 17.55 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 30% below its 52-week high and 21% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -30% fair-value upside, at -34%, 4325 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
Growth DCF 9.03 SAR 22.66 SAR 44.99 SAR 80
Rev-Margin DCF 5.78 SAR 13.58 SAR 29.94 SAR 74
Residual Income 8.74 SAR 9.05 SAR 9.28 SAR 61
All 14 models by family
DCF Models
FCF DCF 9.91 SAR 18.34 SAR 45.21 SAR 38
5Y Revenue Exit 4.82 SAR 11.26 SAR 24.69 SAR 39
5Y EBITDA Exit 6.63 SAR 14.93 SAR 31.18 SAR 41
10Y Revenue Exit 6.16 SAR 17.88 SAR 24.90 SAR 36
10Y EBITDA Exit 7.80 SAR 21.79 SAR 45.71 SAR 37
Multiples
P/S Multiple 8.72 SAR 11.62 SAR 14.53 SAR 58
P/B Multiple 8.72 SAR 11.62 SAR 14.53 SAR 55
EV/EBIT 7.74 SAR 11.92 SAR 16.10 SAR 53
EV/EBITDA 5.01 SAR 8.28 SAR 11.55 SAR 54
EV/Revenue 2.11 SAR 5.08 SAR 8.04 SAR 43
Asset-Based
NCAV (Graham) 5.51 SAR 7.39 SAR 11.03 SAR 50
Growth DCF
Growth DCF 9.03 SAR 22.66 SAR 44.99 SAR 80
Rev-Margin DCF 5.78 SAR 13.58 SAR 29.94 SAR 74
Economic Profit
Residual Income 8.74 SAR 9.05 SAR 9.28 SAR 61

Widest divergence: DCF Models (17.88 SAR) versus Asset-Based (7.39 SAR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 2.5B SAR
Revenue growth (YoY) -84.1%
Net margin 35.0%
Return on equity 5.6%
Free cash flow 1.3B SAR FY2025
P/E ratio 28.8
More key figures
Operating margin 121%
EPS (TTM) 0.6100 SAR
EPS growth (YoY) -74.2%
Net debt 7.3B SAR FY2025

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

Quality Score breakdown

Overall quality 67/100

Of which business quality 66 · Market factors (momentum, volatility) 38

Profitability 36
Margins and returns on capital today
Quality Growth 84
Are margins and returns improving?
Cashflow 89
Earnings quality: real cash, not paper profit
Fin. Strength 66
Balance sheet, leverage, solvency risk
Investment 74
Disciplined investing over empire-building
Low Volatility 64
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 18
Distance to the 52-week high (market factor)
Net Issuance 50
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

Umm Al Qura for Development and Construction Company engages in real estate activities in Saudi Arabia. The company owns and develops the MASAR destination, an urban project in Makkah.

Full company description

Umm Al Qura for Development and Construction Company engages in real estate activities in Saudi Arabia. The company owns and develops the MASAR destination, an urban project in Makkah. It is also involved in the purchasing, selling, and dividing of lands and real estate; off-plan sales activities; and management and leasing of owned or leased non-residential properties. In addition, the company constructs residential and non-residential buildings, including schools, hospitals, and hotels; and roads, streets, sidewalks, road supplies, bridges, and tunnels. Umm Al Qura for Development and Construction Company was incorporated in 2012 and is headquartered in Mecca, the Kingdom of Saudi Arabia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Umm Al Qura for Development and Construction Company reported revenue of 3.0B SAR in FY2025 versus 3.0M SAR in FY2021, a compound +463.3%/yr. Reported net income was 983M SAR in FY2025.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
3.0B SAR
Latest YoY
+65.6%
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.
+91.3%
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.
+344.0%
Revenue +463.3%/yr
FY21 3.0M SAR
FY22 432M SAR
FY23 1.4B SAR
FY24 1.8B SAR
FY25 3.0B SAR
Net income
FY21 −166M SAR
FY22 −22.1M SAR
FY23 317M SAR
FY24 499M SAR
FY25 983M SAR

4325 screens 34% overvalued. Compare with Swiss Prime Site AG →

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Cite: Fair Value Calculator (2026). "Umm Al Qura for Development and Construction Company Fair Value". https://www.fairvalue-calculator.com/stock/4325

Peer Group

Real Estate - Diversified · 138 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 68 · Top 25%
Fair Value upside −34% · Bottom 25%
Return on equity (TTM) 6% · Above median
Return on assets 2% · Above median
Net margin (TTM) 35% · Above median
Operating margin (TTM) 121% · Top 25%
Revenue growth -84% · Bottom 25%
Debt / equity 0.45× · Lower than median

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

P/E (TTM) 28.8× · Pricier than 75% of peers
P/B 0.40× · Cheaper than median
P/S (TTM) 2.55× · Pricier than median
P/FCF 5.0× · Pricier than median
EV/EBITDA 13.4× · Pricier 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 0 · sector 43
FUTURE 0 · sector 31
PAST 22 · sector 18
HEALTH 78 · sector 74
DIVIDEND 0 · sector 45

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.

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

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Prestige Estates Projects Limited PRESTIGE ₹1,591 ₹645.21 -59%
The Phoenix Mills Limited PHOENIXLTD ₹1,905 ₹701.74 -63%
Fastighets AB BALDB kr 54.08 kr 70.70 +31%
Hainan Airport Infrastructure Co 600515 ¥2.94 ¥0.3300 -89%
Parque Arauco S.A PARAUCO 3,940 CLP 2,777 CLP -30%
Shenzhen Special Economic Zone Real Estate & Properties (Group) Co 000029 ¥23.19 ¥4.60 -80%
Corporación Inmobiliaria Vesta, S.A. VESTA 59.57 MXN 52.49 MXN -12%
Catena AB CATE kr 400.00 kr 298.00 -26%

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Frequently asked questions

Is Umm Al Qura for Development and Construction Company (4325) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 11.60 SAR versus a price of 17.55 SAR, about −34% (overvalued).
What is the fair value of 4325?
Our model-based fair value for Umm Al Qura for Development and Construction Company is 11.60 SAR (as of Aug 13, 2026), built from audited fundamentals. The current price is 17.55 SAR.
What is the quality score of 4325?
Umm Al Qura for Development and Construction Company has a Quality Score of 67/100. 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 Umm Al Qura for Development and Construction Company (4325)?
Umm Al Qura for Development and Construction Company reported trailing-twelve-month revenue of about 2.5B SAR (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 4325?
The net profit margin of Umm Al Qura for Development and Construction Company is about 35.0%, meaning it keeps roughly 35.0% 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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