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 46,580 - -
Change - 9.74% 4.3% 2.51% -24.37% 7.67% - -
Enterprise Value (EV) 1 57,953 63,021 65,687 67,340 55,776 60,101 59,698 58,371
Change - 8.75% 4.23% 2.52% -17.17% 7.75% -0.67% -2.22%
P/E 30.7x 30.4x 27.2x 24.8x 17.4x 18.8x 16.8x 15x
PBR 3.02x 3.21x 3.14x 3.04x 2.11x 2.17x 2.03x 1.9x
PEG - 2.8x 1.7x 2x 2.36x 225.24x 1.4x 1.3x
Capitalization / Revenue 3.08x 2.86x 2.85x 2.73x 1.96x 1.97x 1.85x 1.75x
EV / Revenue 3.66x 3.37x 3.36x 3.21x 2.53x 2.54x 2.37x 2.2x
EV / EBITDA 15.3x 14.8x 14.5x 13.8x 9.96x 11.9x 10.8x 9.87x
EV / EBIT 27.4x 25.7x 23.5x 21.3x 18x 18.9x 17.1x 15.6x
EV / FCF 15.1x 24.9x 33.2x 56.4x -111x 61.5x 32.2x 20.2x
FCF Yield 6.6% 4.01% 3.01% 1.77% -0.9% 1.63% 3.1% 4.96%
Dividend per Share 2 1 1 1 1 1.15 1.164 1.215 1.315
Rate of return 2.05% 1.87% 1.79% 1.75% 2.66% 2.5% 2.61% 2.82%
EPS 2 1.59 1.76 2.05 2.31 2.48 2.482 2.772 3.097
Distribution rate 62.9% 56.8% 48.8% 43.3% 46.4% 46.9% 43.8% 42.4%
Net sales 1 15,850 18,722 19,576 20,980 22,065 23,683 25,180 26,582
EBITDA 1 3,787 4,256 4,541 4,890 5,600 5,044 5,522 5,916
EBIT 1 2,112 2,456 2,792 3,162 3,096 3,177 3,483 3,753
Net income 1 1,564 1,760 2,049 2,313 2,456 2,493 2,761 3,057
Net Debt 1 9,203 9,521 9,887 10,140 12,516 13,521 13,118 11,791
Reference price 2 48.75 53.50 55.80 57.20 43.26 46.58 46.58 46.58
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.($)
18.82x2.54x12.27x2.5% 12.4B
20.88x3x14.72x3.74% 267B
20.91x2.44x14.37x3.47% 75.48B
19.03x1.94x10.92x3.23% 52.54B
18.27x0.54x10.48x2.5% 39.66B
21.95x3.25x13.23x3.3% 34.78B
39.67x3.33x19.7x0.9% 33.34B
12.03x1.94x9.53x6.36% 29.74B
69.67x10.4x44.15x1.09% 28.62B
13.49x0.4x9.21x2.47% 22.63B
Average 25.47x 2.98x 15.86x 2.96% 59.62B
Weighted average by Cap. 23.23x 2.90x 15.15x 3.32%

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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