Company Valuation: Kingdom Holding Company

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 37,429 28,684 26,497 32,760 29,647 48,436 - -
Change - -23.37% -7.62% 23.64% -9.5% 63.37% - -
Enterprise Value (EV) 1 52,821 43,604 39,986 43,668 40,891 61,161 61,747 48,436
Change - -17.45% -8.3% 9.21% -6.36% 49.57% 0.96% -21.56%
P/E 37.4x 4.12x 26.5x - - 45.1x 40.8x 38.4x
PBR - - - - - - - -
PEG - 0x -0.3x - - - 3.9x 6.14x
Capitalization / Revenue 24.8x 11.5x 9.8x 13.7x 11x 19.6x 18x 16.9x
EV / Revenue 35x 17.5x 14.8x 18.3x 15.2x 24.8x 23x 16.9x
EV / EBITDA 76.6x 32x 29.3x 42.2x 32.2x 65.2x 58.1x -
EV / EBIT 93.9x 37.4x 40.1x 52.1x 37.9x 84.2x 74x -
EV / FCF 84.1x 27.2x 124x 18.2x 126x 669x 137x -
FCF Yield 1.19% 3.68% 0.81% 5.49% 0.79% 0.15% 0.73% -
Dividend per Share 2 0.28 0.28 0.28 0.28 0.28 0.55 0.28 0.28
Rate of return 2.77% 3.62% 3.92% 3.17% 3.5% 4.21% 2.14% 2.14%
EPS 2 0.27 1.88 0.27 - - 0.29 0.32 0.34
Distribution rate 104% 14.9% 104% - - 190% 87.5% 82.4%
Net sales 1 1,508 2,492 2,703 2,391 2,692 2,465 2,689 2,870
EBITDA 1 689.3 1,364 1,366 1,035 1,270 938 1,062 -
EBIT 1 562.8 1,167 997.3 837.6 1,080 726 834 -
Net income 1 1,017 6,958 1,013 1,237 2,143 1,083 1,181 1,274
Net Debt 1 15,392 14,921 13,489 10,908 11,244 12,725 13,311 -
Reference price 2 10.10 7.74 7.15 8.84 8.00 13.07 13.07 13.07
Nbr of stocks (in thousands) 37,05,882 37,05,882 37,05,882 37,05,882 37,05,882 37,05,882 - -
Announcement Date 28/02/22 30/03/23 26/03/24 17/03/25 24/03/26 - - -
1SAR in Million2SAR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- 24.81x65.2x4.21% 1.29TCr
12x1.25x5.38x2.42% 1.71TCr
7.87x14.91x - -.--% 1.53TCr
6.37x9.87x28.8x2.49% 1.22TCr
11.7x0.57x10.87x3.42% 1.15TCr
Average 9.49x 10.28x 27.56x 2.51% 1.38TCr
Weighted average by Cap. 9.59x 10.10x 26.25x 2.4%

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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