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 48,240 - -
Change - 9.74% 4.3% 2.51% -24.37% 11.51% - -
Enterprise Value (EV) 1 57,953 63,021 65,687 67,340 55,776 61,464 61,473 60,147
Change - 8.75% 4.23% 2.52% -17.17% 10.2% 0.02% -2.16%
P/E 30.7x 30.4x 27.2x 24.8x 17.4x 19.2x 17.3x 15.5x
PBR 3.02x 3.21x 3.14x 3.04x 2.11x 2.25x 2.1x 1.96x
PEG - 2.8x 1.7x 2x 2.36x 13.01x 1.6x 1.3x
Capitalization / Revenue 3.08x 2.86x 2.85x 2.73x 1.96x 2.03x 1.91x 1.81x
EV / Revenue 3.66x 3.37x 3.36x 3.21x 2.53x 2.59x 2.44x 2.26x
EV / EBITDA 15.3x 14.8x 14.5x 13.8x 9.96x 11.9x 11.1x 10.1x
EV / EBIT 27.4x 25.7x 23.5x 21.3x 18x 19.1x 17.6x 15.9x
EV / FCF 15.1x 24.9x 33.2x 56.4x -111x 67.1x 32.6x 20.8x
FCF Yield 6.6% 4.01% 3.01% 1.77% -0.9% 1.49% 3.07% 4.81%
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% 2.41% 2.52% 2.73%
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 48.24 48.24 48.24
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 23/01/22 23/01/23 21/01/24 20/01/25 18/01/26 - - -
1SAR in Million2SAR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.17x2.59x11.9x2.41% 12.85B
20.7x2.85x14.22x3.94% 256B
20.54x2.56x15.26x3.19% 82.26B
17.63x1.82x10.31x3.55% 49.81B
14.87x0.55x9.94x2.6% 38.7B
22.57x3.4x13.78x3.1% 37.46B
37.22x3.21x18.56x0.97% 32.4B
-108.9x1.92x9.55x6.26% 30.33B
68.47x10.51x43.59x1.11% 29.79B
Average 12.47x 3.27x 16.35x 3.01% 63.26B
Weighted average by Cap. 16.63x 2.97x 15.19x 3.42%

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