Company Valuation: Kingdom Holding Company

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 37,429 28,684 26,497 32,760 29,647 45,064 - -
Change - -23.37% -7.62% 23.64% -9.5% 52% - -
Enterprise Value (EV) 1 52,821 43,604 39,986 43,668 40,891 56,512 56,881 45,064
Change - -17.45% -8.3% 9.21% -6.36% 38.2% 0.65% -20.78%
P/E 37.4x 4.12x 26.5x - - 43.4x 36.8x 33.8x
PBR - - - - - - - -
PEG - 0x -0.3x - - - 2.1x 3.72x
Capitalization / Revenue 24.8x 11.5x 9.8x 13.7x 11x 18.3x 16.9x 16.1x
EV / Revenue 35x 17.5x 14.8x 18.3x 15.2x 23x 21.4x 16.1x
EV / EBITDA 76.6x 32x 29.3x 42.2x 32.2x 60.1x 52.5x -
EV / EBIT 93.9x 37.4x 40.1x 52.1x 37.9x 78.5x 67.2x -
EV / FCF 84.1x 27.2x 124x 18.2x 126x 210x 85x -
FCF Yield 1.19% 3.68% 0.81% 5.49% 0.79% 0.48% 1.18% -
Dividend per Share 2 0.28 0.28 0.28 0.28 0.28 0.28 0.28 0.28
Rate of return 2.77% 3.62% 3.92% 3.17% 3.5% 2.3% 2.3% 2.3%
EPS 2 0.27 1.88 0.27 - - 0.28 0.33 0.36
Distribution rate 104% 14.9% 104% - - 100% 84.8% 77.8%
Net sales 1 1,508 2,492 2,703 2,391 2,692 2,459 2,660 2,805
EBITDA 1 689.3 1,364 1,366 1,035 1,270 941 1,084 -
EBIT 1 562.8 1,167 997.3 837.6 1,080 720 847 -
Net income 1 1,017 6,958 1,013 1,237 2,143 1,052 1,213 1,325
Net Debt 1 15,392 14,921 13,489 10,908 11,244 11,448 11,817 -
Reference price 2 10.10 7.74 7.15 8.84 8.00 12.16 12.16 12.16
Nbr of stocks (in thousands) 3,705,882 3,705,882 3,705,882 3,705,882 3,705,882 3,705,882 - -
Announcement Date 2/28/22 3/30/23 3/26/24 3/17/25 3/24/26 - - -
1SAR in Million2SAR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- 22.98x60.05x2.3% 12B
12.26x1.15x5.38x2.4% 16.9B
7.41x13.88x - 0.52% 12.9B
6.4x9.91x28.93x2.48% 12.06B
10.49x0.58x9.05x3.63% 10.64B
Average 9.14x 9.70x 25.85x 2.27% 12.9B
Weighted average by Cap. 9.36x 9.30x 24.36x 2.22%

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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