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 47,640 - -
Change - 9.74% 4.3% 2.51% -24.37% 10.12% - -
Enterprise Value (EV) 1 57,953 63,021 65,687 67,340 55,776 60,864 60,873 59,547
Change - 8.75% 4.23% 2.52% -17.17% 9.12% 0.02% -2.18%
P/E 30.7x 30.4x 27.2x 24.8x 17.4x 19x 17.1x 15.3x
PBR 3.02x 3.21x 3.14x 3.04x 2.11x 2.22x 2.07x 1.94x
PEG - 2.8x 1.7x 2x 2.36x 12.87x 1.6x 1.3x
Capitalization / Revenue 3.08x 2.86x 2.85x 2.73x 1.96x 2x 1.89x 1.79x
EV / Revenue 3.66x 3.37x 3.36x 3.21x 2.53x 2.56x 2.41x 2.23x
EV / EBITDA 15.3x 14.8x 14.5x 13.8x 9.96x 11.8x 11x 9.99x
EV / EBIT 27.4x 25.7x 23.5x 21.3x 18x 18.9x 17.4x 15.8x
EV / FCF 15.1x 24.9x 33.2x 56.4x -111x 60.2x 32.2x 20.6x
FCF Yield 6.6% 4.01% 3.01% 1.77% -0.9% 1.66% 3.1% 4.86%
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% 2.44% 2.55% 2.76%
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 47.70 47.70 47.70
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 1/23/23 1/21/24 1/20/25 1/18/26 - - -
1SAR in Million2SAR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.95x2.56x11.79x2.44% 12.7B
20.83x2.87x14.29x3.91% 254B
19.69x2.48x14.76x3.33% 78.85B
18.06x1.85x10.47x3.5% 49.96B
14.9x0.55x9.96x2.57% 38.78B
22.03x3.33x13.49x3.17% 36.56B
36.88x3.13x18.28x0.97% 31.6B
69.08x10.6x43.95x1.1% 30.12B
99.34x1.88x9.34x6.5% 29.23B
Average 35.53x 3.25x 16.26x 3.05% 62.44B
Weighted average by Cap. 27.62x 2.96x 15.16x 3.44%

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