The Discounted Cash Flow (DCF) valuation of Jarir Marketing Company SJSC (4190.SR) is 10.67 SAR. With the latest stock price at 12.38 SAR, the upside of Jarir Marketing Company SJSC based on DCF is -13.8%.

Is 4190.SR a buy or a sell?

Based on the latest price of 12.38 SAR and our DCF valuation, Jarir Marketing Company SJSC (4190.SR) is a sell. Selling 4190.SR stocks now will result in a potential gain of 13.8%.

	Range	Selected
WACC / Discount Rate	9.1% - 11.2%	10.1%
Long-term Growth Rate	1.0% - 3.0%	2.0%
Fair Price	8.73 - 13.88	10.67
Upside	-29.5% - 12.2%	-13.8%

12.38 SAR

Stock Price

10.67 SAR

Fair Price

REVENUE & EXPENSES

CAPEX

D&A

WORKING CAPITAL

TERMINAL VALUE

4190.SR DCF Valuation: Revenue & Expenses Forecast

(SAR in millions)		Projections

	12-2024	12-2025	12-2026	12-2027	12-2028	12-2029

Revenue	10,831	11,545	11,913	12,432	12,694	13,518
% Growth	2%	7%	3%	4%	2%	6%

Cost of goods sold	(9,506)	(10,133)	(10,456)	(10,912)	(11,141)	(11,865)
% of Revenue	88%	88%	88%	88%	88%	88%

Selling, G&A expenses	(341)	(364)	(375)	(392)	(400)	(426)
% of Revenue	3%	3%	3%	3%	3%	3%

Research & Development	0	0	0	0	0	0
% of Revenue	0%	0%	0%	0%	0%	0%

Net interest & other expenses	21	23	23	24	25	26
% of Revenue	0%	0%	0%	0%	0%	0%

Tax expense	(31)	(31)	(32)	(34)	(34)	(37)
Tax rate	3%	3%	3%	3%	3%	3%

Net profit	974	1,040	1,073	1,119	1,143	1,217
% Margin	9%	9%	9%	9%	9%	9%