First Milling Co. (2283) — Financial Analysis & Intrinsic Value · TASIV

First Milling Co. intrinsic value and dividend analysis using DCF, P/B, PEG and PSG models. Includes dividend yield, payout ratio, and dividend sustainability assessment. Sector: Food & Beverages. Listed on Saudi Exchange Tadawul.

Company Overview

The First Milling Company produces and sells flour, bran, and semolina products under the First Mills and Aloula brands, and also manufactures livestock and poultry feed under the Naffa'a brand, in Saudi Arabia. Founded in 1972, it is based in Jeddah.

Valuation Model

TASIV estimates this company's intrinsic value using a DCF (Discounted Cash Flow) model. As of TASIV's most recent data refresh, the estimated intrinsic value is SAR 110.63 compared to a market price of SAR 51.55 (Trading significantly below DCF model value). This is an analytical estimate, not investment advice.

Financial Performance

Revenue increased by about 19% over the three-year period, while net income grew somewhat faster, up about 26%, indicating profitability increased at a slightly higher rate than sales. Operating cash flow grew more slowly than either, up about 8% over the same period. Overall, the company's historical financial performance shows consistent growth in revenue and profitability, with cash flow increasing at a more moderate pace.

Dividends

Dividend per share fluctuated over the 4-year recorded period, ranging between SAR 1.37 and SAR 3.46, and ended at SAR 3.46 versus SAR 1.37 at the start. Payments have been made on a Semi-Annual basis throughout this period. Overall, the company's per-share dividend has varied year to year without a consistent direction. Current dividend yield is approximately 6.71%, with a payout ratio of approximately 69.21%.

Business Fundamentals

TASIV's Competitive Advantage assessment for this company is High (86/100), based on profitability, predictability, financial strength, and growth resilience.

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Frequently Asked Questions

What is the estimated intrinsic value of First Milling Co. (2283) according to TASIV's model?

Based on TASIV's DCF (Discounted Cash Flow) model, the estimated intrinsic value of First Milling Co. is approximately SAR 110.63, compared to a current market price of SAR 51.55. This is an analytical estimate based on the company's financial data, not investment advice or a recommendation to buy or sell.

How does First Milling Co.'s current market price compare to TASIV's model value?

According to TASIV's model, First Milling Co. is currently "Trading significantly below DCF model value".

What is the dividend yield for First Milling Co. (2283)?

First Milling Co.'s dividend yield is approximately 6.71%, with a payout ratio of approximately 69.21%, based on TASIV's most recent verified data.

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