Company Valuation: Perfect Presentation for Commercial Services Company

Data adjusted to current consolidation scope
Fiscal Period: December 2022 2023 2024 2025
Market Cap 1 2,628 3,681 4,212 2,534
Change - 40.07% 14.43% -39.83%
Enterprise Value (EV) 1 2,720 3,968 4,554 3,209
Change - 45.86% 14.76% -29.54%
P/E Ratio 20x 28.5x 25.8x 17.2x
PBR 10.4x 9.64x 7.73x 3.77x
PEG -0.3x -17.33x 1x -1x
Capitalization / Revenue 2.83x 3.26x 3.93x 2.05x
EV / Revenue 2.93x 3.51x 4.25x 2.59x
EV / EBITDA 19.2x 22.4x 24.6x 16.5x
EV / EBIT 19.8x 23x 25.3x 16.9x
EV / FCF -33.7x -17.6x -33.9x -8.24x
FCF Yield -2.96% -5.67% -2.95% -12.1%
Dividend per Share 2 0.035 - - -
Rate of return 0.4% - - -
EPS 2 0.4382 0.431 0.5445 0.4473
Distribution rate 7.99% - - -
Net sales 1 927.2 1,130 1,071 1,237
EBITDA 1 141.7 176.8 185.1 195
EBIT 1 137.6 172.7 179.8 189.4
Net income 1 131.5 129.3 163.3 134.2
Net Debt 1 92.35 287 341.6 674.2
Reference price 2 8.760 12.270 14.040 7.680
Nbr of stocks (in thousands) 300,000 300,000 300,000 330,000
Announcement Date 26/3/23 4/4/24 27/3/25 7/4/26
1SAR in Million2SAR
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 578M
26.78x4.28x14.95x2.46% 258B
12.45x1.32x6.96x3.88% 103B
-84.2x13.27x76.98x-.--% 83.32B
13.71x2.5x9.22x6.08% 80.7B
19.35x5.07x12.53x2.94% 57.88B
14.47x2.12x8.89x5.35% 47.11B
13.35x1.53x10.5x1.21% 36.4B
21.44x1.45x10.35x0.81% 33.06B
15.12x1.91x9.01x5.72% 31.37B
Average 5.83x 3.72x 17.71x 3.16% 73.16B
Weighted average by Cap. 7.88x 4.25x 19.00x 3.01%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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