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 42,988 - -
Change - -23.37% -7.62% 23.64% -9.5% 45% - -
Enterprise Value (EV) 1 52,821 43,604 39,986 43,668 40,891 54,436 54,805 42,988
Change - -17.45% -8.3% 9.21% -6.36% 33.13% 0.68% -21.56%
P/E 37.4x 4.12x 26.5x - - 41.4x 35.2x 32.2x
PBR - - - - - - - -
PEG - 0x -0.3x - - - 2x 3.54x
Capitalization / Revenue 24.8x 11.5x 9.8x 13.7x 11x 17.5x 16.2x 15.3x
EV / Revenue 35x 17.5x 14.8x 18.3x 15.2x 22.1x 20.6x 15.3x
EV / EBITDA 76.6x 32x 29.3x 42.2x 32.2x 57.8x 50.6x -
EV / EBIT 93.9x 37.4x 40.1x 52.1x 37.9x 75.6x 64.7x -
EV / FCF 84.1x 27.2x 124x 18.2x 126x 202x 81.9x -
FCF Yield 1.19% 3.68% 0.81% 5.49% 0.79% 0.49% 1.22% -
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% 2.41% 2.41% 2.41%
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 11.60 11.60 11.60
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- 22.5x58.79x2.36% 11.68B
12.09x1.14x5.31x2.43% 16.78B
7.52x13.94x - 0.52% 12.99B
6.47x10.03x29.27x2.45% 12.23B
22.32x1.56x8.78x6.74% 10.87B
Average 12.10x 9.83x 25.54x 2.9% 12.91B
Weighted average by Cap. 11.77x 9.34x 23.84x 2.76%

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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