ADES Holdingأديس
- Price
- 18.54 SAR
- Fair value
- 8.95 SAR
- Discount to fair value
- −107%
- Mkt cap
- 20.93B
- P/E
- 25.6×
- P/B
- 3.09×
- EV
- 38.99B
- Div yield
- 2.26%
- ROE
- 12.1%
- Net margin
- 12.2%
Current price18.54SAR
Fair value (est., median)8.95SAR
UndervaluedFair valueOvervalued
+107.2% above fair valueWould need to fall ~51.7% to reach fair value.
Median ofDCF 131.08DDM 8.95Graham 9.28Residual Income 6.1Earnings Power 6.07
Health Check
49.4
Overall / 100
Good (66+)Caution (40–65)Risk (<40)
Rewards
- Above-average growth expected.
Risks
- Trades 107.2% above estimated fair value.
- Stretched balance sheet / elevated debt.
- Low fair-value confidence — methods disagree or data is thin.
Scores are computed automatically from the real financial statements (Value from fair value; the rest from growth, profitability, balance sheet and dividends). A decision aid, not investment advice.
Price, corporate actions & news
Demo series
D — DividendS — Split▲ good · ▼ bad newstap a marker for detailsDemo series
Growth & profitability
Revenue, net income and margin.
RevenueNet incomeNet margin %tap a bar for figures
Key figures
Covers 3 years · FY2023–FY2025
| Metric | FY'23 | FY'24 | FY'25 | TTM'26 |
|---|---|---|---|---|
| Revenue | 4.33B | 6.20B | 6.69B | — |
| Net Income | 442.10M | 802.50M | 818.02M | 867.95M |
| Net Margin | 10.2% | 12.9% | 12.2% | — |
| Operating Cash Flow | 2.28B | 3.00B | 2.98B | — |
| OCF Margin | 52.7% | 48.3% | 44.6% | — |
| Capital Expenditure | 4.05B | 2.38B | 1.84B | — |
| Free Cash Flow | -1.77B | 619.58M | 1.14B | — |
| FCF Margin | -40.8% | 10.0% | 17.1% | — |
| FCF Conversion | -399.4% | 77.2% | 139.7% | — |
| EPS (Diluted) | 0.39/sh | 0.71/sh | 0.72/sh | 0.77/sh |
| Dividend / Share | 0.01/sh | 0.21/sh | 0.42/sh | — |
Dividend return (if you buy today)if you buy today
Dividend yield2.26%
Dividend / share0.42
If you invest
Shares (≈)539
Est. annual income226.00
At this rate, dividends alone return your capital in ~44.2 years.
Dividend history
Dividend / share & historical yield (SAR).
Dividend / share yield %tap a bar for figures
Quarterly dividends & yield
Per-share dividends by quarter, full-year total, and yield on the year's average price · SAR
| Year | Q1 | Q2 | Q3 | Q4 | Full year | Yield (avg) |
|---|---|---|---|---|---|---|
| 2026 | — | — | — | — | — | — |
| 2025 | — | — | — | — | 0.42 | — |
| 2024 | — | — | — | — | 0.21 | — |
| 2023 | — | — | — | — | 0.01 | — |
Valuation breakdown
Fair value = median of the applicable methods (DCF، DDM، Graham، Residual Income، Earnings Power).
Each method below is a different lens on the same company — no single method dominates the result.
Discounted Cash Flow
Values the company from the future cash it's expected to generate. · Tap to adjust assumptions
131.08
Dividend Discount Model
Values the share from the dividends it's expected to keep paying. · Tap to adjust assumptions
8.95
Graham Number
A conservative benchmark built from earnings and book value. · Tap to adjust assumptions
9.28
Residual Income (justified P/B)
Values the profit the company earns above the cost of its equity. · Tap to adjust assumptions
6.10
Earnings Power Value
Values today's earning power as-is, assuming no growth. · Tap to adjust assumptions
6.07
DCF only is anchored on FY2025 — the latest year with positive cash flow that supports a value. The other methods (DDM, Graham, RIM, EPV) use current / normalized figures.
Fair Value (median)8.95
▸ Show assumptions▾ Assumptions
- Effective discount rate
- 7.83%
- CAPM cost of equity
- 10.50%
- Risk-free rate
- 4.50%
- Equity risk premium
- 6.00%
- DCF growth (stage 1)
- 8.00%
- DCF terminal growth
- 3.00%
- DCF forecast years
- 5
- DDM dividend growth
- 3.00%
Tune these per company in the Hajras Odoo backend; values recompute automatically.
Analyst Price Targets
1 houseHistorical — last published analyst views, not a current target.
Hajras fair value: 8.95
Aljazira Capital
as of 2023-10-08 · ADES Holding Company Pre-IPO Report
16.00
—
Wealth simulator
What if you'd invested in ADES Holding regularly?
Starting year
- Invested
- 1K/yr · 1K total(2026 → today · 1 yrs)
- your value today is
- 1K SAR
- Total return
- +2.3%(+2.3% Dividends · 0.0% Capital gain)
- Annualised (IRR)
- +5.1%
Invested1KSAR
Dividends23SAR
Capital gain0SAR
InvestedCapital gainDividendstap a bar for figures
Major shareholders
As of 2026-06-16Disclosed holders at or above the 5% reporting threshold.
أديس إنفستمنتس هولدينج ليميتد
36.51%
صندوق الاستثمارات العامه
23.79%
شركة مجموعة الزامل للاستثمار المحدودة شركة الشخص الواحد شركة شخص واحد
6.70%
Total disclosed67.00%
The Saudi Exchange publishes only holders at or above 5%; smaller stakes are not disclosed.
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