Company Valuation: National Industrialization Company

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 13,352 8,268 8,281 6,796 6,144 5,028 - -
Change - -38.08% 0.16% -17.93% -9.6% -18.16% - -
Enterprise Value (EV) 1 16,763 10,513 10,233 10,876 9,650 9,489 10,029 10,332
Change - -37.28% -2.67% 6.28% -11.27% -1.67% 5.69% 3.03%
P/E 9.83x 12.4x 47.6x 67.7x -3.49x -5.17x 38x 32.8x
PBR 1.53x 0.86x 0.86x 0.7x 0.79x 0.78x 0.71x 0.68x
PEG - -0.2x -0.6x -1.6x 0x 0.1x -0x 2x
Capitalization / Revenue 3.63x 2.13x 2.32x 1.74x 1.84x 2.45x 1.84x 1.79x
EV / Revenue 4.56x 2.71x 2.87x 2.79x 2.88x 4.63x 3.67x 3.68x
EV / EBITDA 6.06x 6.86x 16x 42.1x -13.1x -16.3x 14.1x 14.1x
EV / EBIT 6.66x 7.96x 24.7x -491x -8.29x -10.7x 28.8x 20.4x
EV / FCF 20.6x 15.9x 114x -46x -17.7x 135x 895x 117x
FCF Yield 4.85% 6.28% 0.87% -2.18% -5.64% 0.74% 0.11% 0.85%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 2.03 1 0.26 0.15 -2.64 -1.461 0.1985 0.2305
Distribution rate - - - - - - - -
Net sales 1 3,673 3,883 3,567 3,901 3,347 2,051 2,733 2,808
EBITDA 1 2,766 1,533 639.6 258.4 -734.4 -582.8 713.4 730.9
EBIT 1 2,515 1,321 413.9 -22.16 -1,164 -885.4 348.5 505.3
Net income 1 1,356 666.3 174.6 102.8 -1,765 -367 175 376
Net Debt 1 3,412 2,245 1,952 4,079 3,506 4,461 5,000 5,304
Reference price 2 19.960 12.360 12.380 10.160 9.220 7.550 7.550 7.550
Nbr of stocks (in thousands) 668,914 668,914 668,914 668,914 666,372 664,228 - -
Announcement Date 3/14/22 3/6/23 3/4/24 3/22/25 3/15/26 - - -
1SAR in Million2SAR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-5.22x4.65x-16.35x - 1.35B
30.72x7.03x17.97x1.28% 232B
28.09x4.34x13.97x2.11% 124B
29.77x3.62x18.53x0.97% 80.03B
19.61x6.99x31.04x3.77% 74.08B
88.67x6.54x15.22x2.42% 66.51B
84.96x1.25x8.48x6.11% 36.19B
10.7x1.15x6.22x3.1% 31.41B
9.07x3.03x7.12x4.66% 24.48B
14.87x1.72x10.12x2.69% 23.91B
Average 31.12x 4.03x 11.23x 3.01% 69.38B
Weighted average by Cap. 35.05x 5.21x 16.71x 2.27%

Y-o-Y evolution of P/E

Valuation ratios - P/E - National Industrialization Company

Historical PBR trend

Valuation ratios - PBR - National Industrialization Company

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - National Industrialization Company

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - National Industrialization Company

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