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 46,080 - -
Change - 9.74% 4.3% 2.51% -24.37% 6.52% - -
Enterprise Value (EV) 1 57,953 63,021 65,687 67,340 55,776 59,615 59,316 57,994
Change - 8.75% 4.23% 2.52% -17.17% 6.88% -0.5% -2.23%
P/E 30.7x 30.4x 27.2x 24.8x 17.4x 18.3x 16.5x 14.8x
PBR 3.02x 3.21x 3.14x 3.04x 2.11x 2.15x 2x 1.87x
PEG - 2.8x 1.7x 2x 2.36x 12.4x 1.5x 1.3x
Capitalization / Revenue 3.08x 2.86x 2.85x 2.73x 1.96x 1.94x 1.83x 1.73x
EV / Revenue 3.66x 3.37x 3.36x 3.21x 2.53x 2.51x 2.35x 2.18x
EV / EBITDA 15.3x 14.8x 14.5x 13.8x 9.96x 11.7x 10.7x 9.74x
EV / EBIT 27.4x 25.7x 23.5x 21.3x 18x 18.5x 16.9x 15.4x
EV / FCF 15.1x 24.9x 33.2x 56.4x -111x 59x 31.4x 20x
FCF Yield 6.6% 4.01% 3.01% 1.77% -0.9% 1.69% 3.18% 4.99%
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% 2.52% 2.64% 2.85%
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 23,766 25,228 26,634
EBITDA 1 3,787 4,256 4,541 4,890 5,600 5,099 5,552 5,956
EBIT 1 2,112 2,456 2,792 3,162 3,096 3,214 3,501 3,774
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 13,535 13,236 11,914
Reference price 2 48.75 53.50 55.80 57.20 43.26 46.08 46.08 46.08
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.($)
18.54x2.51x11.73x2.53% 12.24B
20.87x3x14.73x3.73% 267B
20.91x2.43x14.38x3.46% 76.84B
18.84x1.92x10.86x3.26% 52.35B
18.72x0.57x10.81x2.39% 41.54B
21.37x3.17x12.92x3.38% 34.61B
12.29x1.97x9.67x6.22% 30.58B
37.1x3.13x18.51x0.96% 30.76B
70.95x10.59x44.96x1.09% 29.09B
13.94x0.41x9.39x2.39% 23.58B
Average 25.35x 2.97x 15.80x 2.94% 59.85B
Weighted average by Cap. 23.09x 2.88x 15.10x 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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  4. Valuation Almarai Company