How does 2286's PE Ratio compare to its peers?

2286 is good value based on its Price-To-Earnings Ratio (13.7x) compared to the peer average (18.1x).

How does 2286's PE Ratio compare vs other companies in the Asian Food Industry?

2286 is good value based on its Price-To-Earnings Ratio (13.7x) compared to the Asian Food industry average (16.6x).

What is 2286's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate 2286's Price-To-Earnings Fair Ratio for valuation analysis.

What is the Fair Price of 2286 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

2286 (SAR4.16) is trading below our estimate of [[fair value]] (SAR8.71)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

2286 Stock Overview

Engages in the production, packaging, and sale of flour and its byproducts, animal feed, and bran products the Kingdom of Saudi Arabia. More details

2286 fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	3/6
Past Performance	4/6
Financial Health	5/6
Dividends	4/6

Rewards

Trading at 52.3% below our estimate of its fair value

Revenue is forecast to grow 5.72% per year

Earnings have grown 26.8% per year over the past 5 years

Risk Analysis

No risks detected for 2286 from our risk checks.

My Notes

Capture your thoughts, links and company narrative

Fourth Milling Company Competitors

Tanmiah Food

SASE:2281

ر.س2.5b

Arabian Mills for Food Products

SASE:2285

ر.س2.7b

Balady Poultry

SASE:9559

ر.س2.3b

Modern Mills

SASE:2284

ر.س3.6b

Price History & Performance

Summary of share price highs, lows and changes for Fourth Milling
Historical stock prices
Current Share Price	ر.س4.16
52 Week High	ر.س5.79
52 Week Low	ر.س3.91
Beta	0
1 Month Change	2.97%
3 Month Change	-18.91%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-21.51%

Recent updates

Shareholder Returns

	2286	SA Food	SA Market
7D	2.0%	2.4%	-0.4%
1Y	n/a	-26.3%	-4.7%

Return vs Industry: Insufficient data to determine how 2286 performed against the SA Food industry.

Return vs Market: Insufficient data to determine how 2286 performed against the SA Market.

Price Volatility

Is 2286's price volatile compared to industry and market?
2286 volatility
2286 Average Weekly Movement	2.8%
Food Industry Average Movement	3.3%
Market Average Movement	3.7%
10% most volatile stocks in SA Market	7.8%
10% least volatile stocks in SA Market	2.1%

Stable Share Price: 2286 has not had significant price volatility in the past 3 months compared to the SA market.

Volatility Over Time: Insufficient data to determine 2286's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1972	532	Khalid Abdulaziz Al-Maktary	www.mc4.com.sa

Fourth Milling Company engages in the production, packaging, and sale of flour and its byproducts, animal feed, and bran products the Kingdom of Saudi Arabia. The company also engages in wheat, maize, and barley packing and milling; rice packing, milling, and bleaching; production of flour from rice; manufacture of flour and dough for bakeries; and manufacture of concentrated animal fodder and cattle fodder. It is also involved in operating animal food and feed stores; storage in warehouses of grain silos, flour, and agricultural products; wholesale of bakery products; and trading of special and healthy food; and storage in ports, customs, or free zones.

Fourth Milling Company Fundamentals Summary

How do Fourth Milling's earnings and revenue compare to its market cap?
2286 fundamental statistics
Market cap	ر.س2.25b
Earnings (TTM)	ر.س163.99m
Revenue (TTM)	ر.س617.23m

13.7x

P/E Ratio

3.6x

P/S Ratio

Is 2286 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
2286 income statement (TTM)
Revenue	ر.س617.23m
Cost of Revenue	ر.س325.56m
Gross Profit	ر.س291.68m
Other Expenses	ر.س127.68m
Earnings	ر.س163.99m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.30
Gross Margin	47.26%
Net Profit Margin	26.57%
Debt/Equity Ratio	0%

How did 2286 perform over the long term?

See historical performance and comparison

Dividends

5.3%

Current Dividend Yield

32%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/30 19:59
End of Day Share Price	2025/01/30 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Fourth Milling Company is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Mohamad Al-Sakhal	Arqaam Capital Research Offshore S.A.L.

Fourth Milling SASE:2286 Stock Report