First Milling Company SJSC

First Milling Company SJSC maintains a debt-to-equity ratio of 1.46, indicating a moderate reliance on debt financing. The company's liquidity position is characterized as medium, with a current ratio of 1.08, suggesting limited short-term liquidity cushion. Free cash flow stands at 37.36 million SAR, while operating cash flow is 120.29 million SAR, reflecting a healthy cash generation capacity.

Profitability metrics show a return on equity of 4.97% and a return on assets of 1.89%, both below the typical thresholds for high-performing food processing firms. The company's operating income of 63.84 million SAR and net income of 45.51 million SAR indicate a stable but not exceptional performance relative to industry peers.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic and regulatory risks. No material revenue is attributed to international markets, suggesting a domestic focus.

Looking ahead, the company is projected to maintain a stable revenue trajectory, with no significant growth or contraction expected in the next fiscal year. Capital expenditure of -32.58 million SAR indicates a reduction in investment activity, which may signal a focus on cost optimization. Analysts have assigned a mean recommendation of 3.00, indicating a neutral outlook.

The company's risk profile is marked by a medium liquidity risk and a low dilution risk. The key financial flag is the negative net cash position after subtracting total debt, which could constrain operational flexibility. No recent filings or transcripts have been disclosed that would materially alter the current risk assessment.

Recent analyst estimates suggest a mean price target of 61.63 SAR, with a median of 61.90 SAR. The absence of strong buy or buy recommendations indicates a cautious stance among analysts. No recent events have been reported that would significantly impact the company's valuation or risk profile.

Free cash flow surged 41.5% year-over-year to SAR 102.2 million, demonstrating strong cash generation.

Analysts project 18.5% upside to a mean price target of SAR 61.63 from the current SAR 52.0.

Cash conversion ratio of 2.64 ranks in the top quartile, outperforming the 0.98 cohort median.

Debt-to-equity ratio of 1.46 is in the bottom quartile, far exceeding the 0.32 cohort median.

High credit risk flag indicates significant potential for financial distress or default issues.

Net income fell at a 3.2% CAGR over four years, reflecting deteriorating bottom-line performance.

Return on equity of 4.97% is below the 4.99% median for the Food Processing cohort.

Revenue SAR 332.8M, +17,3% YoY; Operating income +5,3% YoY.

• ▍Revenue SAR 332.8M, +17,3% YoY
• ▍Operating income +5,3% YoY
• ▍Net income +0,5% YoY
• ▍Free cash flow +21,3% YoY
• ▍Net margin 24.1%

Revenue SAR 338.7M, +26,0% YoY; Operating income +10,1% YoY.

• ▍Revenue SAR 338.7M, +26,0% YoY
• ▍Operating income +10,1% YoY
• ▍Net income +12,5% YoY
• ▍Free cash flow −5,1% YoY
• ▍Net margin 22.1%

Revenue SAR 286.3M, +9,6% YoY; Operating income +13,2% YoY.

• ▍Revenue SAR 286.3M, +9,6% YoY
• ▍Operating income +13,2% YoY
• ▍Net income +16,9% YoY
• ▍Free cash flow +60,6% YoY
• ▍Net margin 25.0%

Revenue SAR 237.8M, −1,9% YoY; Operating income +3,7% YoY.

• ▍Revenue SAR 237.8M, −1,9% YoY
• ▍Operating income +3,7% YoY
• ▍Net income +13,0% YoY
• ▍Free cash flow +42,5% YoY
• ▍Net margin 21.6%

Revenue SAR 283.6M; Operating income SAR 94.7M.

• ▍Revenue SAR 283.6M
• ▍Operating income SAR 94.7M
• ▍Net margin 28.1%

Revenue SAR 268.8M; Operating income SAR 82.4M.

• ▍Revenue SAR 268.8M
• ▍Operating income SAR 82.4M
• ▍Net margin 24.7%

Revenue SAR 261.2M; Operating income SAR 77.8M.

• ▍Revenue SAR 261.2M
• ▍Operating income SAR 77.8M
• ▍Net margin 23.5%

Revenue SAR 242.3M; Operating income SAR 63.8M.

• ▍Revenue SAR 242.3M
• ▍Operating income SAR 63.8M
• ▍Net margin 18.8%

Revenue SAR 1.15B, +9,3% YoY; Operating income +6,7% YoY.

• ▍Revenue SAR 1.15B, +9,3% YoY
• ▍Operating income +6,7% YoY
• ▍Net income +10,6% YoY
• ▍Free cash flow +19,4% YoY
• ▍Net margin 24.2%

Revenue SAR 1.05B, +8,8% YoY; Operating income +11,0% YoY.

• ▍Revenue SAR 1.05B, +8,8% YoY
• ▍Operating income +11,0% YoY
• ▍Net income +13,9% YoY
• ▍Free cash flow +18,0% YoY
• ▍Net margin 23.9%