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Arabian Centres Company (4321.SR)

SAR16.66 -0.14 (-0.83%)
SA SAU Real Estate Real Estate - Development
Address Nakheel District 11333
Riyadh, Riyadh Province, SA
CEO Alison Rehill-Erguven
Website centers.cenomi.com
IPO 2019-05-22
ISIN SA14QG523GH3

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Description

Arabian Centres Company engages in the operation and management of shopping malls, tourist resorts, hotels, and restaurants in the Kingdom of Saudi Arabia. It is involved in the purchase of land, construction, development and investment in buildings through sale or lease, and contracting works for commercial buildings, including demolition, restoration, excavation, and maintenance works; and operation of temporary and permanent exhibitions, residential complexes, and hospitals. The company was founded in 2002 and is based in Riyadh, the Kingdom of Saudi Arabia.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
SAR16.66 -0.14 (-0.83%)
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Volume Profile
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Liquidity & share structure
Average Volume
691.7K
Beta
0.36
Float Shares
250.57M
Free Float %
52.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.00% +0.00% -4.27% -3.56% -15.15% -11.02% -13.58% -20.08% -35.76% -32.80% -32.80%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
16.66
DCF (Unlevered) 118.47 +611.1%
DCF (Levered) 38.63 +131.9%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 50% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 2 0
Hold 3 0
Sell 0 0
Strong Sell 0 0
Quality scores
Piotroski F-Score
7 / 9
Strong
MOAT Score
6 / 10
Developing
Operational MOAT
✗ Below peers
  • ✗
    Revenue growth Real Estate - Development: +9.7%
    -1.8% Q1'26: -0.8% (vs Q1'25)
  • ✓
    EPS growth Real Estate - Development: +20.5%
    +4.3% Q1'26: -6.5% (vs Q1'25)
  • ✓
    FCF margin FCF growth · Real Estate - Development: +16.2%
    +54.3% ★ Q1'26: -23.2% (vs Q1'25)
  • ✓
    EBIT margin Real Estate - Development: +19.8%
    +88.9% ★ Q1'26: +74.8% (vs Q1'25)
  • ✗
    ROIC Real Estate - Development: +3.2%
    +6.4% ★ Q1'26: +5.2% (vs Q1'25)
  • ✗
    Share dilution Real Estate - Development: +0.0%
    +0.0% Q1'26: -0.5% (vs Q1'25)
  • ✗
    Debt / EBITDA Net debt/EBITDA · Real Estate - Development: 1.93×
    9.40× Q1'26: 9.92× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.40) × ERP
WACC = 29% × Ke + 71% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 118.47 Current price: 16.66
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2019
actual 		Dec 2020
actual 		Dec 2021
actual 		Dec 2022
actual 		Dec 2022
actual 		Dec 2023
actual 		Dec 2024
actual 		Dec 2025
actual 		Dec 2026
3 Rev. Ana.
2 EPS Ana. 		Dec 2027
5 Rev. Ana.
4 EPS Ana. 		Dec 2028
3 Rev. Ana.
2 EPS Ana. 		Dec 2029
2 Rev. Ana.
1 EPS Ana.
Revenue
2.18B
est: 2.20B (-0.9%)
2.20B
est: 1.86B (+17.9%)
1.86B
est: 2.07B (-10.2%)
2.04B
est: 2.32B (-12.2%)
2.24B
est: 2.32B (-3.5%)
2.24B
est: 2.28B (-1.5%)
2.34B
est: 2.36B (-0.6%)
2.30B
est: 2.30B (+0.0%)
2.46B
2.40B – 2.55B
+6.7% YoY
3.15B
2.94B – 3.32B
+28.4% YoY
3.46B
3.42B – 3.50B
+9.8% YoY
3.68B
3.51B – 3.86B
+6.3% YoY
EBITDA
1.68B
est: 1.38B (+22.1%)
1.45B
est: 1.17B (+24.2%)
1.33B
est: 1.30B (+2.3%)
1.25B
est: 1.45B (-13.7%)
1.00B
est: 1.45B (-31.2%)
1.69B
est: 1.51B (+11.6%)
1.42B
est: 1.57B (-9.5%)
2.08B
est: 1.53B (+35.8%)
1.63B
1.60B – 1.70B
+6.7% YoY
2.09B
1.96B – 2.21B
+28.4% YoY
2.30B
2.27B – 2.33B
+9.8% YoY
2.45B
2.33B – 2.56B
+6.3% YoY
EBIT
—
est: 1.11B (-100.0%)
—
est: 945.08M (-100.0%)
—
est: 1.05B (-100.0%)
—
est: 1.18B (-100.0%)
—
est: 1.18B (-100.0%)
1.67B
est: 2.24B (-25.4%)
1.40B
est: 2.32B (-39.6%)
2.05B
est: 2.26B (-9.6%)
2.42B
2.37B – 2.51B
+6.7% YoY
3.10B
2.90B – 3.27B
+28.4% YoY
3.41B
3.37B – 3.45B
+9.8% YoY
3.63B
3.46B – 3.80B
+6.3% YoY
Net Income
789.60M
est: 750.41M (+5.2%)
633.93M
est: 437.45M (+44.9%)
486.66M
est: 458.32M (+6.2%)
436.84M
est: 664.91M (-34.3%)
1.11B
est: 664.91M (+66.8%)
1.51B
est: 1.32B (+14.4%)
1.22B
est: 1.04B (+16.9%)
1.27B
est: 1.09B (+16.6%)
812.10M
689.39M – 934.82M
-25.3% YoY
1.26B
766.12M – 1.33B
+55.3% YoY
1.26B
1.00B – 1.52B
-0.2% YoY
2.07B
1.95B – 2.20B
+64.5% YoY
SGA
71.87M
est: 179.54M (-60.0%)
60.66M
est: 152.33M (-60.2%)
65.82M
est: 169.09M (-61.1%)
90.01M
est: 189.74M (-52.6%)
423.77M
est: 189.74M (+123.3%)
208.24M
est: 211.13M (-1.4%)
110.59M
est: 218.59M (-49.4%)
207.87M
est: 213.36M (-2.6%)
227.75M
222.95M – 236.91M
+6.7% YoY
292.39M
272.89M – 308.05M
+28.4% YoY
321.17M
317.36M – 324.99M
+9.8% YoY
341.50M
325.64M – 357.77M
+6.3% YoY
EPS
1.77
est: 1.58 (+12.0%)
1.35
est: 0.92 (+46.6%)
1.02
est: 0.97 (+5.7%)
0.92
est: 1.40 (-34.1%)
2.34
est: 1.40 (+67.5%)
3.19
est: 2.79 (+14.4%)
2.56
est: 2.19 (+16.9%)
2.67
est: 2.29 (+16.8%)
1.64
1.45 – 1.97
-28.5% YoY
2.20
1.61 – 2.79
+34.8% YoY
2.65
2.11 – 3.19
+20.3% YoY
4.36
4.10 – 4.63
+64.5% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-21 A 4/5 5/5 4/5 4/5 2/5 3/5 4/5
2026-05-20 A- 4/5 4/5 4/5 4/5 2/5 3/5 4/5
2026-05-19 A 4/5 5/5 4/5 4/5 2/5 3/5 4/5
2026-05-18 A 4/5 5/5 4/5 4/5 2/5 3/5 4/5
2026-05-17 A 4/5 5/5 4/5 4/5 2/5 3/5 4/5
2026-05-14 A 4/5 5/5 4/5 4/5 2/5 4/5 4/5
2026-05-13 A 4/5 5/5 4/5 4/5 2/5 4/5 4/5
2026-05-12 A 4/5 5/5 4/5 4/5 2/5 4/5 4/5
2026-05-11 A 4/5 5/5 4/5 4/5 2/5 4/5 4/5
2026-05-10 A 4/5 5/5 4/5 4/5 2/5 4/5 4/5
2026-05-07 A 4/5 5/5 4/5 4/5 2/5 4/5 4/5
2026-05-06 A 4/5 5/5 4/5 4/5 2/5 4/5 4/5
2026-05-05 A 4/5 5/5 4/5 4/5 2/5 4/5 4/5
2026-05-04 A 4/5 5/5 4/5 4/5 2/5 4/5 4/5
2026-05-03 A 4/5 5/5 4/5 4/5 1/5 4/5 4/5
2026-04-30 A 4/5 5/5 4/5 4/5 1/5 4/5 4/5
2026-04-29 A- 4/5 5/5 3/5 4/5 1/5 4/5 4/5
2026-04-28 A- 4/5 5/5 3/5 4/5 1/5 4/5 4/5
2026-04-27 A 4/5 5/5 4/5 5/5 1/5 4/5 4/5
2026-04-26 A 4/5 5/5 4/5 5/5 1/5 4/5 4/5
2026-04-23 A 4/5 5/5 3/5 5/5 1/5 4/5 4/5
2026-04-22 A 4/5 5/5 3/5 5/5 1/5 4/5 4/5
2026-04-21 A 4/5 5/5 3/5 5/5 1/5 4/5 4/5
2026-04-20 A 4/5 5/5 3/5 5/5 1/5 4/5 4/5
2026-04-19 A 4/5 5/5 3/5 5/5 1/5 4/5 4/5
2026-04-16 A- 4/5 4/5 3/5 5/5 1/5 4/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
1.28B
OE per share TTM
2.69
Owner's Yield
16.05%
Maintenance CapEx ratio
41.08%
Maint CapEx / Avg PPE
373.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 61 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 iShares MSCI Saudi Arabia ETF KSA 0.32% 2.09M 0.75%
2 FlexShares Morningstar Emerging Markets Factor Tilt Index Fund TLTE 0.11% 394.5K 0.58%
3 Vanguard Global ex-U.S. Real Estate ETF VNQI 0.10% 3.62M 0.12%
4 Avantis Emerging Markets Small Cap Equity ETF AVEE 0.06% 75.7K 0.42%
5 State Street SPDR Dow Jones Global Real Estate UCITS ETF (Dist) GLRE.L 0.06% 262.7K 0.40%
6 State Street SPDR Dow Jones Global Real Estate UCITS ETF (Acc) GLRA.L 0.06% 262.7K 0.40%
7 iShares MSCI EM Small Cap UCITS ETF IEMS.L 0.06% 207.0K 0.74%
8 State Street SPDR MSCI Emerging Markets Small Cap UCITS ETF EMSD.L 0.06% 352.5K 0.55%
9 iShares MSCI Emerging Markets Small-Cap ETF EEMS 0.06% 214.1K 0.72%
10 Avantis Responsible Emerging Markets Equity ETF AVSE 0.02% 50.3K 0.33%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
1.73M
Shares Outstanding
474.98M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Kamel Badih Al Qalam MD & Executive Director 845.2K —
Mohamad Rafic Mourad Executive Director 555.2K male
Bruno Wehbe President of Flagship Assets & New Ventures — male
Ghassan Ahmad Abu Mutier Chief Development & Delivery Officer — male
Jabri Abdulfattah Hussein Maali Chief Financial Officer — male
Khalid Al Janahi Chief Commercial Officer — male
Olivier Nougarou BOD Senior Advisor of Strategy & Growth — male
Alison Rehill-Erguven Chief Executive Officer — female
Turki Saleh Ahmed Al Zahrani Chief Corporate Services Officer — male
Binoo Joseph Chief Digital Officer — male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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