ASAS Makeen Real Estate Development and Investment Company
9640.SR · Real Estate · · SARFahodi Score STRONG SELL Mid-term (Position)
29
/ 100
Technical
0
Trend & RS
17
Momentum
22
Fundamental
67
Macro
59
Liquidity
38
| Component | Score | Weight |
|---|---|---|
| Technical | 0.0 | 20% |
| Trend & RS | 17.0 | 30% |
| Momentum | 22.0 | 15% |
| Fundamental | 66.7 | 10% |
| Macro | 59.4 | 20% |
| Liquidity | 37.7 | 5% |
Trade Setup
| Entry | 19.30 |
| Stop Loss | 17.76 (8.0%) |
| Target 1 (1:1) | 20.84 (+8.0%) |
| Target 2 (2:1) | 22.38 (+16.0%) |
| ATR(14) | 0.77 (4.0%) |
| Risk per Share | 1.54 |
| Reward:Risk | 2:1 |
ATR-based levels. Adjust for support/resistance zones.
Factor Profile
| Factor | Score | Z | Bar |
|---|---|---|---|
| Value | 96.5 | +1.86 | |
| Momentum | 22.0 | -1.12 | |
| Quality | 77.7 | +1.11 | |
| Composite | 65.4 | ||
Quality Scores
Piotroski F-Score
6
/9 —
Average
✓
✓
✗
✗
✓
✓
✗
✓
✓
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
Insufficient Data
Valuation vs Peers Undervalued
| Metric | Stock | Sector | vs Peers |
|---|---|---|---|
| P/E Ratio | 5.1 | 18.0 | -72% below |
| P/B Ratio | 1.1 | 1.5 | Below |
Comparing against Real Estate median multiples.
Trading at a discount to sector peers — potential value opportunity.
Intrinsic Value (DCF) Significantly Undervalued
Intrinsic Value
77.36
vs
Market Price
19.30
Upside
+300.8%
| Margin of Safety | +75.1% |
| Stage 1 PV (5yr FCF) | 634,846,505 |
| Terminal Value PV | 1,686,006,709 |
| Total Enterprise Value | 2,320,853,214 |
Assumptions
| Base FCF | 90,240,000 |
| Growth Rate (5yr) | 25.0% |
| 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
14.87%
Full Kelly
7.43%
Half Kelly
5.0%
Max Cap (Moderate)
Kelly inputs derived from quant score 29/100. Estimated win rate 49%, avg win 6.7%, avg loss 4.4%. 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 SELL
0
Bullish Signals
4
Bearish Signals
44.25
RSI(14)
-0.5375
MACD
Relative Strength (RS) WEAK RS
5
/ 99
RS Rating
O'Neil filter: <80
| RS vs TASI | ↓ FALLING (-12.3% vs TASI 3M) |
| RS vs Sector | UNDERPERFORMING (Real Estate) |
| RS New High | No (51d since high) |
| Sector Outperformance | -17.2% (3M) |
RS Line — stock / TASI (90 bars)
← older
newer →
RS vs TASI
50-day SMA of RS
WEAK RS:
Underperformer — the stock is lagging the market. Avoid until RS trend reverses upward.
Technical Indicators
| Indicator | Value | Signal |
|---|---|---|
| Rsi | 44.25 | NEUTRAL |
| Macd | -0.5375 | BEARISH |
| Ma Cross | 21.11 / 24.59 | DEATH CROSS |
| Trend Short | BELOW SMA50 | |
| Trend Long | BELOW SMA200 | |
| Bollinger | MIDDLE | |
| Volume | 1.07x | NORMAL |
Key Levels
| Level | Price |
|---|---|
| 52-Week High | 34.00 |
| Bollinger Upper | 21.84 |
| SMA(200) | 24.59 |
| SMA(50) | 21.11 |
| SMA(20) | 19.83 |
| Current Price | 19.30 |
| Bollinger Lower | 17.81 |
| 52-Week Low | 18.20 |
| ATR(14) | 0.77 |
Advanced Technical Analysis
Click to expand
Wyckoff Phase & Volume Spread Analysis
Wyckoff Phase
ACCUMULATION A
Confidence
33%
Selling Climax
Buying Climax
Acc: 2.0 |
Dist: 2.0 |
Markup: 0.0 |
Markdown: 2.0
Volume Spread Analysis (last 5 bars)
| Date | Signal | Vol | Description |
|---|---|---|---|
| 2026-09-01 | Normal | 0.52x | Normal bar — no special VSA pattern |
| 2026-09-02 | Normal | 0.99x | Normal bar — no special VSA pattern |
| 2026-09-03 | Stopping Volume | 2.18x | High volume down-bar closing near low — potential climax (Stopping Volume) |
| 2026-09-06 | Upthrust | 2.18x | High volume down-bar closing near low — potential climax (Stopping Volume) |
| 2026-09-07 | Normal | 1.07x | Normal bar — no special VSA pattern |
Ichimoku Cloud BEARISH
| Line | Value | Status |
|---|---|---|
| Tenkan-sen (9) | 19.65 | Below Kijun |
| Kijun-sen (26) | 20.10 | Base line |
| Senkou A | 19.88 | Leading span A |
| Senkou B | 21.10 | Leading span B |
| Cloud | 19.88 – 21.10 | Bearish (Red) |
| Price vs Cloud | 19.30 | Below Cloud |
| Chikou Span | 22.00 | Bearish |
| Alignment Score | 0/4 | BEARISH |
TTM Squeeze & Divergences
TTM Squeeze
SQUEEZE OFF
No squeeze
Momentum:
BEARISH FADING
BB: 17.81 – 21.84 | KC: 18.7 – 20.96
Divergences (last 60 bars)
| Type | Indicator | Bars Ago | Strength |
|---|---|---|---|
| Hidden Bearish | RSI | 10 | |
| Hidden Bearish | MACD | 10 | |
| Regular Bullish | RSI | 29 |
Anchored VWAP
VWAP: 18.99
Anchor: 2026-08-20 (52w Low)
ABOVE AVWAP
+1.6%
Heikin-Ashi Trend
BEARISH
Full data via /api/advanced/9640.SR
Valuation
| Metric | Value |
|---|---|
| Market Cap | 579.00M |
| P/E (TTM) | 5.13 |
| Forward P/E | N/A |
| P/B | 1.13 |
| EPS | 3.76 |
Financial Health
| Metric | Value |
|---|---|
| Revenue Growth | 59.0% |
| Profit Margin | 23.3% |
| ROE | 26.1% |
| Debt/Equity | 87.01 |
| Current Ratio | 3.80 |
| Dividend Yield | N/A |
| Payout Ratio | N/A |
| Beta | N/A |
Trading Data
19.30
Open
19.30
Day High
19.30
Day Low
1.6K
Volume (1.2x 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)