9610.SR

Sinker

First Avenue Real Estate Development Company · Real Estate · Saudi Arabia · $147M cap · $46K/day traded

SAR 1.78 -1.7% · close 12 Nov · scored 13 Nov

Sinker: Weak business, rich price and weak momentum. Nothing here to keep it afloat.

17
Score
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Quality
38
Value
39
Momentum
20

As of 13 Nov 2026, the MoatMap Score for First Avenue Real Estate Development Company (9610.SR) is 17/100, ranked against 25,000+ stocks in 38 markets (Quality 38, Value 39, Momentum 20, each scored against its sector).

Does the score work? Each tenth of the ranking, tracked monthly. See the record →

P/E (TTM)
12.1x
peers 14.4x
ROE
6.4%
peers 5.3%
D/E
1.3x
peers 0.6x
Dividend %
—
trailing yield

ABOUT FIRST AVENUE REAL ESTATE DEVELOPMENT COMPANY

Read

First Avenue Real Estate Development Company invests in and develops of real estate properties for the private sector in the Kingdom of Saudi Arabia.

FINANCIAL SUMMARY (SAR)

Year202320242025CAGRTTM
Revenue—254.9M326.6M28.1%238.8M
EPS (SAR)0.140.230.4068.4%0.17
Shares297.3M275.4M285.6M-3.9%284.8M
Debt0.5M00——
Equity328.2M676.3M529.8M27.0%—
Op CF97.0M32.2M-258.4M-66.8%-309.8M
Inv CF-109.2M-88.8M-303.4M——
Fin CF19.5M139.4M506.7M——
PRICE (1Y) · SAR-26.7%
1.82.02.22.42.64 Oct25 Oct12 Nov
SMA 50SMA 200
Price checkStill fallingExperimental

Made a new 52-week low 2 trading days ago, 70% below its 52-week high. The fall has not stopped yet.

SwingsVery bumpy

Swung more than 74% of stocks we rank over the past year (volatility 60% 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 (this stock): 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: 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.

Close
SAR 1.78
RSI (14)
37.8
52-Week Range-69.8% from high
Low SAR 1.76High SAR 5.89

SCORE BREAKDOWN

Quality
38
ROIC
17.6%93.0
ROE
6.4%51.7
GP/Assets
2.5%14.2
Op. Margin
-1.4%10.6
FCF/Assets
-38.5%0.7
Piotroski
426.2
Int. Cover
17.6x78.7
D/E Ratio
1.34x21.5
Current Ratio
2.23x70.5
Value
39
P/E (TTM)
12.1x51.8
EV/EBITDA
-60.6x25.0
P/FCF
—N/A
P/B
0.8x54.0
P/S
2.4x63.1
Div Yield
—N/A
Momentum
20
52W High %
30%3.7
RS 6M
-54%2.1
SMA 50/200
0.66x2.7
EPS Rev 4W
—N/A
EPS Rev 12W
—N/A
EPS Improve
—N/A
Q Growth
3692%99.6

FUNDAMENTALS

Market Cap
$147M
P/E (Forward)
—
Gross Margin
9.9%

SECTOR PEERS

Closest peers in Real Estate, ranked by industry match, size, and score similarity. Cross-listings of 9610.SR are excluded.

TickerCompanyMkt CapScore
9610.SRFirst Avenue Real Estate Development Company(you)$147M17
4328.SRLadun Investment Co.$228M2
4326.SRDar Al Majed Real Estate Company$379M24
9648.SRHamad Mohammed Bin Saedan Real Estate Company$64M53
4322.SRRetal Urban Development Company$820M37
4310.SRKnowledge Economic City Company$1.8B24
4220.SREmaar The Economic City$1.8B4
9521.SRINMAR Company$222M82
4323.SRSumou Real Estate Company$319M82
4230.SRRed Sea International Company$226M20

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.

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First Avenue Real Estate Development Company (9610.SR): Stock Score Summary

First Avenue Real Estate Development Company (9610.SR) has a MoatMap Score of 17/100 based on Quality (38/100), Value (39/100), and Momentum (20/100) factor scores.

First Avenue Real Estate Development Company invests in and develops of real estate properties for the private sector in the Kingdom of Saudi Arabia.

Key Financial Metrics

PriceSAR 1.78
Market Cap$147M
P/E (TTM)12.13
Price/Book0.81
Return on Equity6.4%
Return on Invested Capital17.6%
Debt/Equity1.34x
Gross Margin9.9%
Operating Margin-1.4%
Revenue Growth-32.7%
Free Cash Flow$-99M

First Avenue Real Estate Development Company operates in the Real Estate - Development industry, part of the Real Estate sector (Saudi Arabia).

Frequently Asked Questions

What is First Avenue Real Estate Development Company’s (9610.SR) MoatMap Score?
The MoatMap Score for First Avenue Real Estate Development Company (9610.SR) is 17/100. It is a composite of Quality (38), Value (39), and Momentum (20), each scored against its sector. The composite is then ranked across MoatMap’s universe of 25,000+ stocks.
Does First Avenue Real Estate Development Company have an economic moat?
First Avenue Real Estate Development Company (9610.SR) has a Quality factor score of 38/100. Quality blends several measures of profitability and financial strength, led by gross profit to assets, return on invested capital and free cash flow to assets. A high score describes the financial record a durable advantage tends to leave; it does not prove a moat.
What sector is First Avenue Real Estate Development Company in?
First Avenue Real Estate Development Company (9610.SR) operates in the Real Estate sector, specifically the Real Estate - Development industry (Saudi Arabia).