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 49,900 - -
Change - 9.74% 4.3% 2.51% -24.37% 15.35% - -
Enterprise Value (EV) 1 57,953 63,021 65,687 67,340 55,776 63,124 63,133 61,807
Change - 8.75% 4.23% 2.52% -17.17% 13.17% 0.01% -2.1%
P/E 30.7x 30.4x 27.2x 24.8x 17.4x 19.8x 17.9x 16x
PBR 3.02x 3.21x 3.14x 3.04x 2.11x 2.32x 2.17x 2.03x
PEG - 2.8x 1.7x 2x 2.36x 13.42x 1.7x 1.4x
Capitalization / Revenue 3.08x 2.86x 2.85x 2.73x 1.96x 2.1x 1.98x 1.87x
EV / Revenue 3.66x 3.37x 3.36x 3.21x 2.53x 2.65x 2.5x 2.32x
EV / EBITDA 15.3x 14.8x 14.5x 13.8x 9.96x 12.2x 11.4x 10.4x
EV / EBIT 27.4x 25.7x 23.5x 21.3x 18x 19.6x 18x 16.4x
EV / FCF 15.1x 24.9x 33.2x 56.4x -111x 68.9x 34.2x 22.7x
FCF Yield 6.6% 4.01% 3.01% 1.77% -0.9% 1.45% 2.92% 4.4%
Dividend per Share 2 1 1 1 1 1.15 1.163 1.215 1.315
Rate of return 2.05% 1.87% 1.79% 1.75% 2.66% 2.33% 2.44% 2.63%
EPS 2 1.59 1.76 2.05 2.31 2.48 2.517 2.786 3.11
Distribution rate 62.9% 56.8% 48.8% 43.3% 46.4% 46.2% 43.6% 42.3%
Net sales 1 15,850 18,722 19,576 20,980 22,065 23,777 25,239 26,646
EBITDA 1 3,787 4,256 4,541 4,890 5,600 5,166 5,557 5,961
EBIT 1 2,112 2,456 2,792 3,162 3,096 3,215 3,503 3,777
Net income 1 1,564 1,760 2,049 2,313 2,456 2,522 2,775 3,071
Net Debt 1 9,203 9,521 9,887 10,140 12,516 13,224 13,233 11,907
Reference price 2 48.75 53.50 55.80 57.20 43.26 49.90 49.90 49.90
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 A 1/23/23 A 1/21/24 A 1/20/25 A 1/18/26 A - - -
1SAR in Million2SAR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.83x2.65x12.22x2.33% 13.29B
20.42x2.82x14.07x3.99% 250B
19.85x2.49x14.87x3.3% 79.59B
17.11x1.78x10.06x3.65% 48.08B
15.1x0.54x9.86x2.56% 39.3B
21.68x3.28x13.32x3.23% 35.98B
37.27x3.22x18.55x0.98% 32.41B
-109.41x1.93x9.58x6.23% 30.48B
67.44x10.35x42.93x1.13% 29.37B
13.56x1.96x11.32x5.91% 22.21B
Average 12.28x 3.10x 15.68x 3.33% 58.1B
Weighted average by Cap. 16.02x 2.88x 14.84x 3.57%

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