Anghami Inc. Ordinary Shares (ANGH)

FairStock Score: 37/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I begin with business quality and price. Anghami runs a music and video streaming platform in the Middle East and North Africa, with roughly 100 million Arabic and international songs and podcasts, about 18,000 hours of premium video including HBO content, and only 191 employees. That is asset-light, but streaming rewards scale. The figures are not comforting. At the 2026-10-13 close of $3.68, FairStock calculates a market cap of $35.1M, a negative P/E of -0.28, and a P/B of 1.22. Its return metrics are deeply negative: ROE -211.58% and ROCE -38.02%. FairStock's Piotroski F-Score is 1/9 and its Altman Z-Score is -3.81, which points to financial distress. The one clear balance-sheet positive is D/E of 0.00. There is no revenue or profit growth data, and the Lynch category is none because there are only 0 years of filed results when 3 are needed. FairStock Score is 37/100. The 52-week range is $2.25-$7.89, so the price is not at an extreme. A P/B near 1.22 might look modest, but book value can shrink when losses persist. Beta is 1.06 and no dividend yield is given. The regional library may be a niche asset, but without positive returns, consistent filings, and a margin of safety, I see speculation more than investment.

In plain English: Anghami is a music and video streaming company focused on the Middle East and North Africa. It offers a large library of songs, podcasts, and premium video, but the business is losing money and shows weak financial health. The share price does not look clearly cheap or expensive based on the numbers available, and there is not enough filed history to judge a growth record.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer