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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

P/S

3.2
Current
10%
Cheaper
vs 3-y average of 3.6

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
3.2
=
Market Cap
﷼3.7B
/
Revenue
﷼1.1B

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
3.2
=
Market Cap
﷼3.7B
/
Revenue
﷼1.1B

Valuation Scenarios

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

If P/S returns to its 3-Year Average (3.6), the stock would be worth ﷼74.26 (12% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-18%
Maximum Upside
+12%
Average Downside
3%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 3.2 ﷼66.5
0%
3-Year Average 3.6 ﷼74.26
+12%
5-Year Average 3.6 ﷼74.26
+12%
Industry Average 2.6 ﷼54.84
-18%
Country Average 2.7 ﷼55.66
-16%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
﷼3.7B
/
Jan 2026
﷼1.1B
=
3.2
Current
﷼3.7B
/
Dec 2026
﷼1.2B
=
3
Forward
﷼3.7B
/
Dec 2027
﷼1.3B
=
2.9
Forward
﷼3.7B
/
Dec 2028
﷼1.4B
=
2.7
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
Market Cap P/S P/E
SA
First Milling Company SJSC
SAU:2283
3.7B SAR 3.2 13.2
JP
Goyo Foods Industry Co Ltd
TSE:2230
53.2T JPY 23 895.9 540 752.8
CH
Nestle SA
SIX:NESN
204B CHF 2.3 22.5
US
Mondelez International Inc
NASDAQ:MDLZ
78.7B USD 2 32.1
FR
Danone SA
PAR:BN
42.7B EUR 1.6 23.5
ZA
Tiger Brands Ltd
JSE:TBS
47.9B ZAR 1.4 12.6
US
Hershey Co
NYSE:HSY
37.7B USD 3.2 42.7
CN
Muyuan Foods Co Ltd
SZSE:002714
243.7B CNY 1.8 25
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
229.4B CNY 7.9 32.6
ZA
Avi Ltd
JSE:AVI
32.7B ZAR 2 12.7
JP
Ajinomoto Co Inc
TSE:2802
4.9T JPY 3.2 63.2

Market Distribution

In line with most companies in Saudi Arabia
Percentile
55th
Based on 256 companies
55th percentile
3.2
Low
0.3 — 1.5
Typical Range
1.5 — 4.3
High
4.3 —
Distribution Statistics
Saudi Arabia
Min 0.3
30th Percentile 1.5
Median 2.7
70th Percentile 4.3
Max 1 716.6

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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