1180.SR
Unloved QualityThe Saudi National Bank · Financial Services · Saudi Arabia · $60.2B cap · $66.2M/day traded
SAR 38.10 +1.6% · close 5 Nov · scored 7 Nov
Score up 1.1 since 6 Nov.
Unloved Quality: Strong and cheap, but the market has not warmed to it.
As of 7 Nov 2026, the MoatMap Score for The Saudi National Bank (1180.SR) is 71/100, ranked against 25,000+ stocks in 38 markets (Quality 62, Value 58, Momentum 47, each scored against its sector).
Does the score work? Each tenth of the ranking, tracked monthly. See the record →
ABOUT THE SAUDI NATIONAL BANK
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The Saudi National Bank, through its subsidiaries, provides banking and investment management services in the Kingdom of Saudi Arabia and internationally.
FINANCIAL SUMMARY (SAR)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 34.1B | 35.9B | 37.4B | 40.8B | 6.2% | 40.9B | 42.8B | 45.8B | 5.9% |
| EPS (SAR) | 3.03 | 3.23 | 3.44 | 4.04 | 10.1% | 4.30 | 4.14 | 4.42 | 4.6% |
| Shares | 5.9B | 5.9B | 5.9B | 5.9B | +0.2% | 5.9B | — | — | — |
| Debt | 14.8B | 45.6B | 96.4B | 133.3B | 108.0% | 300.3B | — | — | — |
| Equity | 166.0B | 175.9B | 192.6B | 203.3B | 7.0% | — | — | — | — |
| Op CF | -4.2B | 29.2B | -42.1B | 7.9B | -48.0% | -30.1B | — | — | — |
| Inv CF | -28.6B | -9.4B | -23.6B | -21.6B | — | — | — | — | — |
| Fin CF | 726.6M | 1.1B | 46.8B | 19.2B | — | — | — | — | — |
No clear trend: not near its 52-week low, and not in a steady uptrend.
Calmer than 87% of stocks we rank over the past year (volatility 23% a year).
How this is worked out
The MoatMap Score weighs the business, its price and its trend. The price check reads only the chart: the price side of the Momentum score, in words.
The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn (the Turning up rule above) cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: how much the price moved day to day over the past year, scaled to a yearly figure (annualised volatility) and ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Financial Services, ranked by industry match, size, and score similarity. Cross-listings of 1180.SR are excluded.
| Ticker | Company | Mkt Cap | Score |
|---|---|---|---|
| 1180.SR | The Saudi National Bank(you) | $60.2B | 71 |
| NWG.L | NatWest Group plc | $66.5B | 69 |
| 2891.TW | CTBC Financial Holding Co., Ltd. | $45.2B | 72 |
| GLE.PA | Société Générale Société anonyme | $48.4B | 73 |
| BBDC4.SA | Banco Bradesco S.A. | $45.6B | 72 |
| EBS.VI | Erste Group Bank AG | $48.3B | 74 |
| 105560.KS | KB Financial Group Inc. | $40.5B | 72 |
| 2388.HK | BOC Hong Kong (Holdings) Limited | $65.9B | 64 |
| USB | U.S. Bancorp | $92.8B | 73 |
| 600000.SS | Shanghai Pudong Development Bank Co., Ltd. | $47.6B | 77 |
Peer medians: ROE 10.2% · P/E 11.9x · Gross margin 69.8%
Company Deep Dive
A 10,000-word report: the business and its segments, what management promised on earnings calls and whether it delivered, the competition, and how things could turn out.