Bonyan REIT Fund

4347.SR · Real Estate · · SAR

9.68 SAR

+0.00 (0.10%)

● Updated 2026-05-12 11:47 Saudi Time ↻ Refresh

Short-term Mid-term Long-term

Fahodi Score HOLD Long-term (Investment)

/ 100

Technical 100

Trend & RS 74

Momentum 57

Fundamental 59

Macro 76

Liquidity 22

Component	Score	Weight
Technical	100.0	10%
Trend & RS	74.2	10%
Momentum	57.3	5%
Fundamental	58.9	40%
Macro	75.8	15%
Liquidity	22.0	20%

Trade Setup

Entry	9.70
Stop Loss	9.54 (1.6%)
Target 1 (1:1)	9.86 (+1.6%)
Target 2 (2:1)	10.02 (+3.3%)

ATR(14)	0.08 (0.8%)
Risk per Share	0.16
Reward:Risk	2:1

ATR-based levels. Adjust for support/resistance zones.

Factor Profile

Factor	Score	Z
Value	78.9	+1.16
Momentum	57.3	+0.29
Quality	74.7	+0.99
Composite	70.3

Quality Scores

Piotroski F-Score 7 /9 — Strong

✓ ✓ ✗ ✗ ✓ ✓ ✓ ✓ ✓

1. Positive Net Income 2. Positive Roa 3. Positive Cfo 4. Quality Earnings 5. Lower Leverage 6. Higher Liquidity 7. No Dilution 8. Higher Gross Margin 9. Higher Asset Turnover

Altman Z-Score 2.00 — Grey Zone

Distress <1.81Grey 1.81–2.99>2.99 Safe

Valuation vs Peers Undervalued

Metric	Stock	Sector	vs Peers
P/E Ratio	15.1	18.0	-16% below
P/B Ratio	1.2	1.5	Below
Dividend Yield	8.3%	4.0%	Above avg

Comparing against Real Estate median multiples.

Trading at a discount to sector peers — potential value opportunity.

Intrinsic Value (DCF) Overvalued

Intrinsic Value

8.40

Market Price

9.68

Upside

-13.2%

Margin of Safety	-15.2%
Stage 1 PV (5yr FCF)	428,278,464
Terminal Value PV	940,682,402
Total Enterprise Value	1,368,960,866

Assumptions

Base FCF	83,395,123
Growth Rate (5yr)	13.0%
Terminal Growth	2.5%
Discount Rate (WACC)	12.0%

2-stage DCF: 5yr projected FCF + Gordon Growth terminal value. Estimates only — adjust growth and WACC for your own assumptions.

Position Sizing — Kelly Criterion

4.5%

Recommended Size

39.18%

Full Kelly

19.59%

Half Kelly

5.0%

Max Cap (Moderate)

Kelly inputs derived from quant score 60/100. Estimated win rate 58%, avg win 8.6%, avg loss 3.8%. Position was capped at the moderate risk maximum. This is analytical output, not a recommendation to trade.

BEAR Regime: BEAR (20% confidence) — position size reduced 10%

Signal Summary STRONG BUY

Bullish Signals

Bearish Signals

64.75

RSI(14)

0.0225

MACD

Relative Strength (RS) NEUTRAL

/ 99

RS Rating

O'Neil filter: <80

RS vs TASI	→ FLAT (+3.3% vs TASI 3M)
RS vs Sector	OUTPERFORMING (Real Estate)
RS New High	No (46d since high)
Sector Outperformance	+3.5% (3M)

RS Line — stock / TASI (90 bars)

← older newer →

RS vs TASI 50-day SMA of RS

NEUTRAL: In line with the market — no strong outperformance or underperformance.

Technical Indicators

Indicator	Value	Signal
Rsi	64.75	NEUTRAL
Macd	0.0225	BULLISH
Ma Cross	9.53 / 9.16	GOLDEN CROSS
Trend Short		ABOVE SMA50
Trend Long		ABOVE SMA200
Bollinger		MIDDLE
Volume	0.09x	LOW

Key Levels

Level	Price
52-Week High	9.81
Bollinger Upper	9.71
SMA(200)	9.16
SMA(50)	9.53
SMA(20)	9.56
Current Price	9.68
Bollinger Lower	9.4
52-Week Low	8.88
ATR(14)	0.08

Advanced Technical Analysis

Click to expand

Wyckoff Phase & Volume Spread Analysis

Wyckoff Phase

ACCUMULATION E Confidence

50%

Acc: 1.0 | Dist: 1.0 | Markup: 0.0 | Markdown: 0.0

Volume Spread Analysis (last 5 bars)

Date	Signal	Vol	Description
2026-05-06	Normal	0.23x	Normal bar — no special VSA pattern
2026-05-07	No Demand	0.34x	Low volume, narrow spread, weak close — no buying interest
2026-05-10	Normal	0.3x	Normal bar — no special VSA pattern
2026-05-11	Normal	0.51x	Normal bar — no special VSA pattern
2026-05-12	No Supply	0.09x	Low volume, narrow spread, firm close — no selling pressure

Ichimoku Cloud NEUTRAL

Line	Value	Status
Tenkan-sen (9)	9.59	Below Kijun
Kijun-sen (26)	9.63	Base line
Senkou A	9.61	Leading span A
Senkou B	9.50	Leading span B
Cloud	9.50 – 9.61	Bullish (Green)
Price vs Cloud	9.70	Above Cloud
Chikou Span	9.71	Bearish
Alignment Score	2/4	NEUTRAL

TTM Squeeze & Divergences

TTM Squeeze

SQUEEZE OFF No squeeze Momentum: BULLISH

BB: 9.4 – 9.71 | KC: 9.44 – 9.68

Divergences (last 60 bars)

Type	Indicator	Bars Ago	Strength
Hidden Bullish	RSI	18

Anchored VWAP

VWAP: 9.09 Anchor: 2025-05-26 (52w Low) ABOVE AVWAP +6.7%

Heikin-Ashi Trend

BULLISH Full data via /api/advanced/4347.SR

Valuation

Metric	Value
Market Cap	1.58B
P/E (TTM)	15.13
Forward P/E	N/A
P/B	1.17
EPS	0.64

Financial Health

Metric	Value
Revenue Growth	13.0%
Profit Margin	36.2%
ROE	7.7%
Debt/Equity	47.55
Current Ratio	3.87
Dividend Yield	8.3%
Payout Ratio	N/A
Beta	0.10

Trading Data

9.68

Open

9.68

Day High

9.68

Day Low

13.2K

Volume (0.1x avg)

Insider Activity

Insider transaction data is not available for Saudi-listed stocks.

Price Chart (90 Days)

Candlesticks (green=up, red=down) SMA 20 SMA 50 Bollinger Bands (upper/lower) Volume (green=buying, red=selling)