Company Valuation: Almarai Company

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 48,750 53,500 55,800 57,200 43,260 46,200 - -
Change - 9.74% 4.3% 2.51% -24.37% 6.8% - -
Enterprise Value (EV) 1 57,953 63,021 65,687 67,340 55,776 59,425 59,418 58,112
Change - 8.75% 4.23% 2.52% -17.17% 6.54% -0.01% -2.2%
P/E 30.7x 30.4x 27.2x 24.8x 17.4x 18.3x 16.7x 15x
PBR 3.02x 3.21x 3.14x 3.04x 2.11x 2.15x 2.01x 1.88x
PEG - 2.8x 1.7x 2x 2.36x 10.32x 1.79x 1.3x
Capitalization / Revenue 3.08x 2.86x 2.85x 2.73x 1.96x 1.97x 1.85x 1.74x
EV / Revenue 3.66x 3.37x 3.36x 3.21x 2.53x 2.53x 2.38x 2.19x
EV / EBITDA 15.3x 14.8x 14.5x 13.8x 9.96x 11.6x 10.8x 9.85x
EV / EBIT 27.4x 25.7x 23.5x 21.3x 18x 18.6x 17.1x 15.5x
EV / FCF 15.1x 24.9x 33.2x 56.4x -111x 48x 32.1x 20.1x
FCF Yield 6.6% 4.01% 3.01% 1.77% -0.9% 2.08% 3.12% 4.98%
Dividend per Share 2 1 1 1 1 1.15 1.165 1.205 1.319
Rate of return 2.05% 1.87% 1.79% 1.75% 2.66% 2.52% 2.61% 2.85%
EPS 2 1.59 1.76 2.05 2.31 2.48 2.524 2.76 3.079
Distribution rate 62.9% 56.8% 48.8% 43.3% 46.4% 46.2% 43.7% 42.8%
Net sales 1 15,850 18,722 19,576 20,980 22,065 23,482 25,000 26,504
EBITDA 1 3,787 4,256 4,541 4,890 5,600 5,126 5,519 5,898
EBIT 1 2,112 2,456 2,792 3,162 3,096 3,187 3,479 3,746
Net income 1 1,564 1,760 2,049 2,313 2,456 2,512 2,748 3,036
Net Debt 1 9,203 9,521 9,887 10,140 12,516 13,225 13,218 11,912
Reference price 2 48.75 53.50 55.80 57.20 43.26 46.20 46.20 46.20
Nbr of stocks (in thousands) 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 - -
Announcement Date 1/23/22 1/23/23 1/21/24 1/20/25 1/18/26 - - -
1SAR in Million2SAR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18x2.5x11.45x2.56% 12.11B
20.62x2.97x14.59x3.78% 264B
19.87x2.36x13.94x3.62% 74.25B
18.95x1.91x10.77x3.25% 52.47B
17.02x0.52x9.99x2.69% 36.82B
21.98x3.25x13.22x3.29% 35.59B
41.27x3.48x20.48x0.86% 34.54B
68.7x10.25x43.55x1.11% 28.7B
11.28x1.86x9.15x6.8% 28.01B
Average 26.41x 3.23x 16.35x 3.11% 63B
Weighted average by Cap. 23.39x 2.98x 15.26x 3.42%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation Almarai Company