Company Valuation: Tabuk Agricultural Development Company

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Capitalization 1 783.3 1,171 595.5 676.2 591.6 298.9
Change - 49.54% -49.16% 13.55% -12.51% -49.47%
Enterprise Value (EV) 1 845.3 1,150 624.2 696.5 657.4 380.8
Change - 36.11% -45.75% 11.58% -5.61% -42.07%
P/E ratio -17.4x -14.5x -11.3x 8.37x -4.1x -3.12x
PBR 3.46x 3.93x 2.43x 2.06x 3.3x 3.44x
PEG - -1.3x 0.3x -0x 0x 0.1x
Capitalization / Revenue 4.94x 9.81x 4.43x 6.41x 12.5x 8.4x
EV / Revenue 5.33x 9.63x 4.65x 6.6x 13.9x 10.7x
EV / EBITDA -109x -40.8x -41.1x -21.7x -16.3x -4.66x
EV / EBIT -22.7x -20.8x -16.2x -12.7x -10.9x -3.93x
EV / FCF 233x -18.2x -29.4x 28.7x -18.4x 39.1x
FCF Yield 0.43% -5.51% -3.4% 3.49% -5.44% 2.56%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -1.863 -2.068 -1.343 2.062 -3.681 -2.447
Distribution rate - - - - - -
Net sales 1 158.5 119.4 134.4 105.5 47.35 35.59
EBITDA 1 -7.739 -28.2 -15.19 -32.14 -40.35 -81.76
EBIT 1 -37.19 -55.32 -38.63 -54.79 -60.49 -96.89
Net income 1 -53.19 -70.55 -52.63 80.79 -144.2 -95.87
Net Debt 1 61.95 -20.9 28.67 20.26 65.83 81.9
Reference price 2 32.400 29.900 15.200 17.260 15.100 7.630
Nbr of stocks (in thousands) 24,177 39,177 39,177 39,177 39,177 39,177
Announcement Date 05/04/21 05/04/22 06/04/23 14/04/24 10/04/25 09/04/26
1SAR in Million2SAR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 7.27Cr
16.19x1.19x9.77x1.85% 1.67TCr
8.81x1.09x8.97x4.79% 519.72Cr
29.8x1.91x14.5x1.34% 349.85Cr
12.88x1.41x6.63x1.98% 285.97Cr
13.35x - - - 196.07Cr
7.44x0.52x4.71x5.51% 181.01Cr
9.12x1.99x6.3x5.26% 179.53Cr
9.45x - - - 170.24Cr
Average 13.38x 1.35x 8.48x 3.45% 396.05Cr
Weighted average by Cap. 14.90x 1.28x 9.40x 2.68%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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