SAUDIA DAIRY & FOODSTUFF COMPANY |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 352.8 SAR | +1.38% |
|
-4.91% | +5.44% |
| Apr. 04 | Sadafco Establishes Audit Committee | MT |
| Apr. 04 | Saudia Dairy and Foodstuff Co. Announces the Formation of Audit Committee | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,576 | 5,600 | 5,280 | 6,912 | 10,707 | 11,290 | - | - |
| Enterprise Value (EV) 1 | 3,994 | 4,970 | 4,567 | 6,318 | 10,086 | 10,396 | 10,164 | 10,146 |
| P/E ratio | 21.2 x | 21 x | 20.3 x | 33.3 x | 34.7 x | 23.8 x | 21.9 x | 20 x |
| Yield | 2.8% | 2.57% | 3.33% | 2.78% | 1.79% | 2.29% | 2.56% | 2.67% |
| Capitalization / Revenue | 2.52 x | 2.72 x | 2.51 x | 3.18 x | 4.04 x | 3.86 x | 3.59 x | 3.39 x |
| EV / Revenue | 2.2 x | 2.42 x | 2.17 x | 2.91 x | 3.81 x | 3.55 x | 3.23 x | 3.04 x |
| EV / EBITDA | 13.8 x | 13.2 x | 11.9 x | 18.8 x | 21.1 x | 17.2 x | 15.5 x | 14 x |
| EV / FCF | 14.5 x | 22.1 x | 17.4 x | 50.1 x | 35 x | 26.7 x | 21.1 x | 18.8 x |
| FCF Yield | 6.91% | 4.53% | 5.74% | 2% | 2.86% | 3.74% | 4.73% | 5.32% |
| Price to Book | 2.42 x | 3.84 x | 3.44 x | 4.49 x | 6.58 x | 5.96 x | 5.44 x | 4.85 x |
| Nbr of stocks (in thousands) | 32,000 | 32,000 | 32,000 | 32,000 | 32,000 | 32,000 | - | - |
| Reference price 2 | 143.0 | 175.0 | 165.0 | 216.0 | 334.6 | 352.8 | 352.8 | 352.8 |
| Announcement Date | 4/25/19 | 5/3/20 | 5/10/21 | 5/16/22 | 6/15/23 | - | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,813 | 2,056 | 2,105 | 2,170 | 2,648 | 2,927 | 3,146 | 3,334 |
| EBITDA 1 | 290 | 375.9 | 383 | 336.1 | 477.8 | 604 | 655.7 | 722.2 |
| EBIT 1 | 221.6 | 276.1 | 285.5 | 231.8 | 357.8 | 476.8 | 533.9 | 592 |
| Operating Margin | 12.23% | 13.43% | 13.56% | 10.68% | 13.51% | 16.29% | 16.97% | 17.75% |
| Earnings before Tax (EBT) 1 | 233.4 | 283.7 | 283.9 | 234.3 | 339.1 | 486 | 552.3 | 613 |
| Net income 1 | 218.4 | 266.3 | 260.6 | 207.3 | 308.8 | 478 | 514.2 | 567.3 |
| Net margin | 12.05% | 12.95% | 12.38% | 9.55% | 11.66% | 16.33% | 16.35% | 17.01% |
| EPS 2 | 6.730 | 8.320 | 8.140 | 6.480 | 9.650 | 14.80 | 16.08 | 17.67 |
| Free Cash Flow 1 | 276 | 225 | 262.2 | 126.2 | 288.1 | 389 | 481 | 539.5 |
| FCF margin | 15.22% | 10.94% | 12.45% | 5.82% | 10.88% | 13.29% | 15.29% | 16.18% |
| FCF Conversion (EBITDA) | 95.16% | 59.84% | 68.45% | 37.56% | 60.3% | 64.4% | 73.36% | 74.7% |
| FCF Conversion (Net income) | 126.37% | 84.49% | 100.63% | 60.89% | 93.31% | 81.38% | 93.53% | 95.09% |
| Dividend per Share 2 | 4.000 | 4.500 | 5.500 | 6.000 | 6.000 | 8.062 | 9.032 | 9.413 |
| Announcement Date | 4/25/19 | 5/3/20 | 5/10/21 | 5/16/22 | 6/15/23 | - | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 492.4 | 530.1 | 519.9 | 627.9 | 631.3 | 694.5 | 654 | 668.2 | 679.2 | 744.4 | 687.9 | 716 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | 44.08 | 59.18 | 61.78 | 70.14 | 89.87 | 114.5 | 75.04 | 78.59 | - | - | - | 130 |
| Operating Margin | 8.95% | 11.16% | 11.88% | 11.17% | 14.24% | 16.49% | 11.47% | 11.76% | - | - | - | 18.16% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | 38.14 | 54.06 | 53.65 | 61.44 | 54.33 | 85.55 | 78.45 | 90.44 | 107.6 | 114.5 | 104.6 | 110 |
| Net margin | 7.75% | 10.2% | 10.32% | 9.78% | 8.61% | 12.32% | 12% | 13.54% | 15.85% | 15.38% | 15.21% | 15.36% |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 7/29/21 | 10/21/21 | 1/20/22 | 5/16/22 | 8/18/22 | 10/23/22 | 1/25/23 | 6/15/23 | 7/26/23 | 10/31/23 | 2/8/24 | - |
1SAR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 582 | 630 | 713 | 594 | 621 | 893 | 1,126 | 1,143 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 276 | 225 | 262 | 126 | 288 | 389 | 481 | 540 |
| ROE (net income / shareholders' equity) | 16.4% | 19.1% | 17.4% | 13.5% | 19.3% | 25.3% | 26.6% | 26.7% |
| ROA (Net income/ Total Assets) | 11.9% | 13% | 11.8% | 9.18% | 12.9% | 32.8% | 24.1% | 18% |
| Assets 1 | 1,839 | 2,047 | 2,202 | 2,258 | 2,385 | 1,457 | 2,138 | 3,152 |
| Book Value Per Share 2 | 59.00 | 45.50 | 47.90 | 48.10 | 50.90 | 59.20 | 64.80 | 72.80 |
| Cash Flow per Share 2 | 13.00 | 9.920 | 13.00 | 9.160 | 12.00 | 20.60 | 19.40 | 21.50 |
| Capex 1 | 146 | 92.6 | 152 | 167 | 95.8 | 146 | 129 | 136 |
| Capex / Sales | 8.06% | 4.51% | 7.24% | 7.69% | 3.62% | 4.99% | 4.11% | 4.08% |
| Announcement Date | 4/25/19 | 5/3/20 | 5/10/21 | 5/16/22 | 6/15/23 | - | - | - |
1SAR in Million2SAR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
352.8
SAR
Average target price
386.7
SAR
Spread / Average Target
+9.60%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +5.44% | 3.01B | |
| -4.93% | 266B | |
| -2.51% | 94.98B | |
| +3.19% | 46.39B | |
| +8.74% | 39.99B | |
| -0.65% | 39.95B | |
| -0.15% | 38.02B | |
| -16.78% | 30.16B | |
| -6.61% | 28.72B | |
| +11.32% | 24.54B |
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