Retal Urban Development Company

SASE:4322 Stock Report

Market Cap: ر.س8.7b

Retal Urban Development Valuation

Is 4322 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 4322 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 4322 (SAR17.14) is trading above our estimate of fair value (SAR13.32)

Significantly Below Fair Value: 4322 is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 4322?

Key metric: As 4322 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 4322. This is calculated by dividing 4322's market cap by their current earnings.
What is 4322's PE Ratio?
PE Ratio37.1x
Earningsر.س230.85m
Market Capر.س8.69b

Price to Earnings Ratio vs Peers

How does 4322's PE Ratio compare to its peers?

The above table shows the PE ratio for 4322 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average26.9x
4300 Dar Al Arkan Real Estate Development
25.3x13.9%ر.س16.4b
4323 Sumou Real Estate
18.6xn/aر.س2.0b
4020 Saudi Real Estate
50.1x51.0%ر.س9.2b
9591 View United Real Estate Development
13.4xn/aر.س250.8m
4322 Retal Urban Development
37.1x27.1%ر.س8.6b

Price-To-Earnings vs Peers: 4322 is expensive based on its Price-To-Earnings Ratio (37.1x) compared to the peer average (26.9x).


Price to Earnings Ratio vs Industry

How does 4322's PE Ratio compare vs other companies in the Asian Real Estate Industry?

51 CompaniesPrice / EarningsEstimated GrowthMarket Cap
4322 37.1xIndustry Avg. 15.3xNo. of Companies127PE01224364860+
51 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 4322 is expensive based on its Price-To-Earnings Ratio (37.1x) compared to the Asian Real Estate industry average (15.3x).


Price to Earnings Ratio vs Fair Ratio

What is 4322's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

4322 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio37.1x
Fair PE Ratio23.8x

Price-To-Earnings vs Fair Ratio: 4322 is expensive based on its Price-To-Earnings Ratio (37.1x) compared to the estimated Fair Price-To-Earnings Ratio (23.7x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 4322 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentر.س17.14
ر.س17.60
+2.7%
0.6%ر.س17.70ر.س17.50n/a2
Dec ’25ر.س17.18
ر.س17.60
+2.4%
0.6%ر.س17.70ر.س17.50n/a2
Nov ’25ر.س14.50
ر.س16.10
+11.0%
9.9%ر.س17.70ر.س14.50n/a2
Oct ’25ر.س15.28
ر.س16.00
+4.7%
9.4%ر.س17.50ر.س14.50n/a2
Sep ’25ر.س13.18
ر.س14.00
+6.2%
3.6%ر.س14.50ر.س13.50n/a2
Aug ’25ر.س12.28
ر.س12.05
-1.9%
3.7%ر.س12.50ر.س11.60n/a2
Jul ’25ر.س11.30
ر.س12.05
+6.6%
3.7%ر.س12.50ر.س11.60n/a2

Analyst Forecast: Target price is less than 20% higher than the current share price.


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