First Millingالمطاحن الأولى
- Price
- 52.20 SAR
- Fair value
- 48.45 SAR
- Discount to fair value
- −8%
- Mkt cap
- 2.90B
- P/E
- 10.4×
- P/B
- 2.71×
- EV
- 4.07B
- Div yield
- 5.28%
- ROE
- 26.0%
- Net margin
- 24.2%
Current price52.2SAR
Fair value (est., median)48.45SAR
UndervaluedFair valueOvervalued
+7.7% above fair valueTrading close to fair value.
Median ofDCF 74.35DDM 48.45Graham 45.45Residual Income 55.94Earnings Power 45.45
Health Check
59
Overall / 100
Good (66+)Caution (40–65)Risk (<40)
Rewards
- Strong return on equity (26%).
- Attractive, covered dividend (5.28%).
Risks
- Low fair-value confidence — methods disagree or data is thin.
Scores are computed automatically from the real financial statements (Value from fair value; the rest from growth, profitability, balance sheet and dividends). A decision aid, not investment advice.
Price, corporate actions & news
Demo series
D — DividendS — Split▲ good · ▼ bad newstap a marker for detailsDemo series
Growth & profitability
Revenue, net income and margin.
RevenueNet incomeNet margin %tap a bar for figures
Key figures
Covers 4 years · FY2022–FY2025
| Metric | FY'22 | FY'23 | FY'24 | FY'25 | TTM'26 |
|---|---|---|---|---|---|
| Revenue | 913.65M | 964.26M | 1.05B | 1.15B | — |
| Net Income | 217.48M | 220.21M | 250.90M | 277.44M | 277.87M |
| Net Margin | 23.8% | 22.8% | 23.9% | 24.2% | — |
| Operating Cash Flow | 232.48M | 307.51M | 305.94M | 342.10M | — |
| OCF Margin | 25.4% | 31.9% | 29.2% | 29.8% | — |
| Capital Expenditure | 38.28M | 119.85M | 57.38M | 85.10M | — |
| Free Cash Flow | 194.20M | 187.65M | 248.55M | 257.00M | — |
| FCF Margin | 21.3% | 19.5% | 23.7% | 22.4% | — |
| FCF Conversion | 89.3% | 85.2% | 99.1% | 92.6% | — |
| EPS (Diluted) | 3.92/sh | 3.97/sh | 4.52/sh | 5.00/sh | 5.01/sh |
| Dividend / Share | 3.23/sh | 1.37/sh | 2.95/sh | 2.76/sh | — |
Dividend return (if you buy today)if you buy today
Dividend yield5.28%
Dividend / share2.76
If you invest
Shares (≈)191
Est. annual income526.20
At this rate, dividends alone return your capital in ~18.9 years.
Dividend history
Dividend / share & historical yield (SAR).
Dividend / share yield %tap a bar for figures
Quarterly dividends & yield
Per-share dividends by quarter, full-year total, and yield on the year's average price · SAR
| Year | Q1 | Q2 | Q3 | Q4 | Full year | Yield (avg) |
|---|---|---|---|---|---|---|
| 2026 | — | — | — | — | — | — |
| 2025 | — | — | — | — | 2.76 | — |
| 2024 | — | — | — | — | 2.95 | — |
| 2023 | — | — | — | — | 1.37 | — |
| 2022 | — | — | — | — | 3.23 | — |
Valuation breakdown
Fair value = median of the applicable methods (DCF، DDM، Graham، Residual Income، Earnings Power).
Each method below is a different lens on the same company — no single method dominates the result.
Discounted Cash Flow
Values the company from the future cash it's expected to generate. · Tap to adjust assumptions
74.35
Dividend Discount Model
Values the share from the dividends it's expected to keep paying. · Tap to adjust assumptions
48.45
Graham Number
A conservative benchmark built from earnings and book value. · Tap to adjust assumptions
45.45
Residual Income (justified P/B)
Values the profit the company earns above the cost of its equity. · Tap to adjust assumptions
55.94
Earnings Power Value
Values today's earning power as-is, assuming no growth. · Tap to adjust assumptions
45.45
DCF only is anchored on FY2025 — the latest year with positive cash flow that supports a value. The other methods (DDM, Graham, RIM, EPV) use current / normalized figures.
Fair Value (median)48.45
▸ Show assumptions▾ Assumptions
- Effective discount rate
- 8.86%
- CAPM cost of equity
- 10.50%
- Risk-free rate
- 4.50%
- Equity risk premium
- 6.00%
- DCF growth (stage 1)
- 8.00%
- DCF terminal growth
- 3.00%
- DCF forecast years
- 5
- DDM dividend growth
- 3.00%
Tune these per company in the Hajras Odoo backend; values recompute automatically.
Wealth simulator
What if you'd invested in First Milling regularly?
Starting year
- Invested
- 1K/yr · 1K total(2026 → today · 1 yrs)
- your value today is
- 1.1K SAR
- Total return
- +5.3%(+5.3% Dividends · 0.0% Capital gain)
- Annualised (IRR)
- +12.3%
Invested1KSAR
Dividends53SAR
Capital gain0SAR
InvestedCapital gainDividendstap a bar for figures
Major shareholders
As of 2026-06-16Disclosed holders at or above the 5% reporting threshold.
شركة مجموعة المطلق للاستثمار الصناعي المحدودة شركة شخص واحد
30.00%
شركة عبدالله ابونيان التجارية
21.00%
شركة الصافي المتقدمة للاستثمار شركة شخص واحد
12.00%
عيسى الغرير للاستثمار شذمم
7.00%
Total disclosed70.00%
The Saudi Exchange publishes only holders at or above 5%; smaller stakes are not disclosed.
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