4020.SR
Unloved QualitySaudi Real Estate Company · Real Estate · Saudi Arabia · $1.3B cap · $1.6M/day traded
SAR 13.82 +3.8% · close 12 Nov · scored 13 Nov
Score down 1.4 since 12 Nov.
Unloved Quality: Strong and cheap, but the market has not warmed to it.
As of 13 Nov 2026, the MoatMap Score for Saudi Real Estate Company (4020.SR) is 81/100, ranked against 25,000+ stocks in 38 markets (Quality 77, Value 60, Momentum 42, each scored against its sector).
Does the score work? Each tenth of the ranking, tracked monthly. See the record →
ABOUT SAUDI REAL ESTATE COMPANY
Read
Saudi Real Estate Company, together with its subsidiaries, operates as a real estate development company in Saudi Arabia. It operates through Rental sector, Property Sales Sector, Infrastructure Projects Sector, Construction Projects Sector, and Facility management sector segments.
FINANCIAL SUMMARY (SAR)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.1B | 1.8B | 2.0B | 1.9B | -2.9% | 1.6B | 2.4B | 2.6B | 17.6% |
| EPS (SAR) | 0.29 | 0.18 | 0.57 | 0.79 | 39.1% | 1.76 | 0.62 | 0.77 | -1.0% |
| Shares | 375.0M | 375.0M | 375.0M | 375.0M | 0.0% | 375.0M | — | — | — |
| Debt | 3.4B | 3.3B | 3.3B | 3.1B | -3.2% | 3.3B | — | — | — |
| Equity | 4.6B | 4.7B | 5.0B | 5.3B | 4.8% | — | — | — | — |
| Op CF | -175.0M | -87.9M | 928.0M | 973.7M | 4.9% | 418.7M | — | — | — |
| Inv CF | -1.4M | -102.2M | -461.9M | 78.8M | — | — | — | — | — |
| Fin CF | 892.1M | -142.8M | -227.0M | -576.6M | — | — | — | — | — |
No clear trend: not near its 52-week low, and not in a steady uptrend.
Calmer than 70% of stocks we rank over the past year (volatility 32% a year).
How this is worked out
The Price check reads only the chart, the price side of the Momentum score in words; it is not the MoatMap Score.
- Still falling: It set a new 52-week low in the last two weeks, after a deep fall.
- Finding a floor: It fell hard, but has set no new low for more than two weeks.
- Turning up: It has climbed off its low and is back above a rising 50-day average.
- In an uptrend: It is near its 52-week high and above its 200-day average.
- No clear trend (this stock): None of the above: no recent deep fall and no steady climb.
- No read yet: Not enough price history yet: it needs a year of trading.
In past US falls, waiting for Turning up cut the chance of another 20% drop from 42% to 33%. Returns were no better, and 33% of turns failed.
The exact rules
Still falling is a new 52-week low in the last two weeks, at least 25% below the high, with the low set after the high. Finding a floor is the same fall with no new low in the last two weeks. 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, with the 50-day average above the 200-day, and within 15% of the high. No clear trend is everything else. No read yet is under 252 trading days of history, or missing data. A new state shows once it has held for three trading days.
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 Real Estate, ranked by industry match, size, and score similarity. Cross-listings of 4020.SR are excluded.
| Ticker | Company | Mkt Cap | Score |
|---|---|---|---|
| 4020.SR | Saudi Real Estate Company(you) | $1.3B | 81 |
| 4327.SR | Al Ramz Real Estate Company | $607M | 71 |
| 9641.SR | Hawyia Auctions Company | $72M | 87 |
| 9634.SR | Adeer Real Estate Company | $127M | 100 |
| 4320.SR | Alandalus Property Company | $331M | 37 |
| 4324.SR | Banan Real Estate Company | $147M | 54 |
| 9640.SR | ASAS Makeen Real Estate Development and Investment Company | $148M | 40 |
| 4230.SR | Red Sea International Company | $226M | 20 |
| 4347.SR | Bonyan REIT Fund | $346M | 84 |
| 4321.SR | Arabian Centres Company | $1.7B | 56 |
Peer medians: ROE 5.3% · P/E 14.4x · Gross margin 69.0%
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.