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First Milling Company SJSC
SAU:2283

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First Milling Company SJSC
SAU:2283
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Price: 66.5 SAR 1.99% Market Closed
Market Cap: ﷼3.7B

EV/EBIT

14
Current
9%
Cheaper
vs 3-y average of 15.3

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
14
=
Enterprise Value
﷼4.7B
/
EBIT
﷼339.7m

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
14
=
Enterprise Value
﷼4.7B
/
EBIT
﷼339.7m

Valuation Scenarios

First Milling Company SJSC is trading below its 3-year average

If EV/EBIT returns to its 3-Year Average (15.3), the stock would be worth ﷼72.78 (9% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+38%
Average Upside
20%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 14 ﷼66.5
0%
3-Year Average 15.3 ﷼72.78
+9%
5-Year Average 15.3 ﷼72.78
+9%
Industry Average 17.1 ﷼81.58
+23%
Country Average 19.3 ﷼92
+38%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
﷼4.7B
/
Jan 2026
﷼339.7m
=
14
Current
﷼4.7B
/
Dec 2026
﷼370.3m
=
12.8
Forward
﷼4.7B
/
Dec 2027
﷼287.6m
=
16.5
Forward
﷼4.7B
/
Dec 2028
﷼408m
=
11.6
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
SA
First Milling Company SJSC
SAU:2283
3.7B SAR 14 13.2
JP
Goyo Foods Industry Co Ltd
TSE:2230
53.2T JPY 318 284.3 540 752.8
CH
Nestle SA
SIX:NESN
205.8B CHF 17.8 23.2
US
Mondelez International Inc
NASDAQ:MDLZ
73.8B USD 25.1 30.1
FR
Danone SA
PAR:BN
43.3B EUR 13.4 23.8
ZA
Tiger Brands Ltd
JSE:TBS
48.7B ZAR 11.5 12.8
US
Hershey Co
NYSE:HSY
38.8B USD 28.5 44
CN
Muyuan Foods Co Ltd
SZSE:002714
237.6B CNY 22 24.3
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
231.2B CNY 24.7 32.8
ZA
Avi Ltd
JSE:AVI
32.7B ZAR 8.6 12.7
CH
Chocoladefabriken Lindt & Spruengli AG
SIX:LISN
23.8B CHF 25.1 32.4

Market Distribution

Lower than 77% of companies in Saudi Arabia
Percentile
23rd
Based on 210 companies
23rd percentile
14
Low
1.6 — 15.3
Typical Range
15.3 — 25.8
High
25.8 —
Distribution Statistics
Saudi Arabia
Min 1.6
30th Percentile 15.3
Median 19.3
70th Percentile 25.8
Max 2 801.3

First Milling Company SJSC
Glance View

Market Cap
3.7B SAR
Industry
Food Products

First Milling Company SJSC is a SA-based company operating in Food Products industry. First Milling Company SJSC is a Saudi Arabia-based entity which is primarily engaged in providing flour production. The firm produce all-purpose flour, feed, bran, and wheat derivatives. The firm has four mills in Jeddah, Qassim, Tabuk, and Al-Ahsa. The Company’s products include pastry flour, pizza flour, brown flour, patent flour, animal bran, edible bran, horse feed pellet, dairy cattle feed pellet, livestock fattener pellet, pigeon feed, lamb feet pellet, among others.

Intrinsic Value
62.45 SAR
Overvaluation 6%
Intrinsic Value
Price ﷼66.5
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