Bonyan REIT Fund

4347.SR · Real Estate · · SAR

9.93 SAR

+0.00 (0.61%)

● Updated 2026-05-14 11:17 Saudi Time ↻ Refresh

Short-term Mid-term Long-term

Fahodi Score BUY Mid-term (Position)

/ 100

Technical 67

Trend & RS 78

Momentum 62

Fundamental 59

Macro 68

Liquidity 30

Component	Score	Weight
Technical	66.7	20%
Trend & RS	77.5	30%
Momentum	61.8	15%
Fundamental	59.3	10%
Macro	67.5	20%
Liquidity	30.3	5%

Trade Setup

Entry	9.93
Stop Loss	9.75 (1.8%)
Target 1 (1:1)	10.11 (+1.8%)
Target 2 (2:1)	10.29 (+3.6%)

ATR(14)	0.09 (0.9%)
Risk per Share	0.18
Reward:Risk	2:1

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

Factor Profile

Factor	Score	Z
Value	78.3	+1.13
Momentum	61.8	+0.47
Quality	74.7	+0.99
Composite	71.6

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 2.04 — Grey Zone

Distress <1.81Grey 1.81–2.99>2.99 Safe

Valuation vs Peers Undervalued

Metric	Stock	Sector	vs Peers
P/E Ratio	15.5	18.0	-14% below
P/B Ratio	1.2	1.5	Below
Dividend Yield	8.1%	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

9.93

Upside

-15.4%

Margin of Safety	-18.1%
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

43.79%

Full Kelly

21.89%

Half Kelly

5.0%

Max Cap (Moderate)

Kelly inputs derived from quant score 67/100. Estimated win rate 60%, avg win 9.0%, avg loss 3.7%. 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 BUY

Bullish Signals

Bearish Signals

77.38

RSI(14)

0.0631

MACD

Relative Strength (RS) NEUTRAL

/ 99

RS Rating

O'Neil filter: <80

RS vs TASI	→ FLAT (+6.3% vs TASI 3M)
RS vs Sector	OUTPERFORMING (Real Estate)
RS New High	✓ RS at 3-month high Institutional accumulation signal
Sector Outperformance	+5.6% (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	77.38	OVERBOUGHT
Macd	0.0631	BULLISH
Ma Cross	9.55 / 9.17	GOLDEN CROSS
Trend Short		ABOVE SMA50
Trend Long		ABOVE SMA200
Bollinger		UPPER BAND
Volume	0.44x	LOW

Key Levels

Level	Price
52-Week High	9.94
Bollinger Upper	9.84
SMA(200)	9.17
SMA(50)	9.55
SMA(20)	9.58
Current Price	9.93
Bollinger Lower	9.33
52-Week Low	8.88
ATR(14)	0.09

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
2026-05-10	Normal	0.29x	Normal bar — no special VSA pattern
2026-05-11	Normal	0.5x	Normal bar — no special VSA pattern
2026-05-12	Normal	0.29x	Normal bar — no special VSA pattern
2026-05-13	Normal	1.83x	Normal bar — no special VSA pattern
2026-05-14	Normal	0.44x	Normal bar — no special VSA pattern

Ichimoku Cloud BULLISH

Line	Value	Status
Tenkan-sen (9)	9.72	Above Kijun
Kijun-sen (26)	9.70	Base line
Senkou A	9.71	Leading span A
Senkou B	9.57	Leading span B
Cloud	9.57 – 9.71	Bullish (Green)
Price vs Cloud	9.93	Above Cloud
Chikou Span	9.78	Bullish
Alignment Score	4/4	BULLISH

TTM Squeeze & Divergences

TTM Squeeze

SQUEEZE OFF No squeeze Momentum: BULLISH

BB: 9.33 – 9.84 | KC: 9.45 – 9.71

Divergences (last 60 bars)

Type	Indicator	Bars Ago	Strength
Hidden Bullish	RSI	20

Anchored VWAP

VWAP: 9.10 Anchor: 2025-05-26 (52w Low) ABOVE AVWAP +9.1%

Heikin-Ashi Trend

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

Valuation

Metric	Value
Market Cap	1.62B
P/E (TTM)	15.52
Forward P/E	N/A
P/B	1.21
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	8.1%
Payout Ratio	N/A
Beta	0.10

Trading Data

9.93

Open

9.93

Day High

9.93

Day Low

62.9K

Volume (0.7x 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)