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- ADES Holding
ADES Holding Valuation Multiples
Discover revenue and EBITDA valuation multiples for ADES Holding and similar public comparables like Contact Energy, Mercury NZ, Murphy Oil, CNX Resources and more.
ADES Holding Overview
About ADES Holding
Ades Holding Co is a company whose main purpose is oil and gas drilling and production services in the MENA region. The Companyβs main activities are as follows which is Contracting services for excavation and maintenance of onshore and offshore wells, Services related to oil extraction, Excavation and onshore and offshore maintenance services. Provision of contracted offshore and onshore excavation services Provision of maintenance and production services.
Founded
2022
HQ

Employees
8.0K
Website
Sectors
Financials (LTM)
EV
$10B
ADES Holding Financials
ADES Holding reported last 12-month revenue of $2B and EBITDA of $1B.
In the same LTM period, ADES Holding generated $902M in gross profit, $1B in EBITDA, and $228M in net income.
Revenue (LTM)
ADES Holding P&L
In the most recent fiscal year, ADES Holding reported revenue of $2B and EBITDA of $928M.
ADES Holding expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | $902M | XXX | $676M | XXX | XXX | XXX |
| Gross Margin | 44% | XXX | 38% | XXX | XXX | XXX |
| EBITDA | $1B | XXX | $928M | XXX | XXX | XXX |
| EBITDA Margin | 49% | XXX | 52% | XXX | XXX | XXX |
| EBIT Margin | 28% | XXX | 29% | XXX | XXX | XXX |
| Net Profit | $228M | XXX | $218M | XXX | XXX | XXX |
| Net Margin | 11% | XXX | 12% | XXX | XXX | XXX |
| Net Debt | β | β | $5B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
ADES Holding Stock Performance
ADES Holding has current market cap of $6B, and enterprise value of $10B.
Market Cap Evolution
ADES Holding's stock price is $5.06.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $10B | $6B | -0.5% | XXX | XXX | XXX | $0.20 |
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Start Free TrialADES Holding Valuation Multiples
ADES Holding trades at 5.1x EV/Revenue multiple, and 10.3x EV/EBITDA.
EV / Revenue (LTM)
ADES Holding Financial Valuation Multiples
As of April 17, 2026, ADES Holding has market cap of $6B and EV of $10B.
Equity research analysts estimate ADES Holding's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
ADES Holding has a P/E ratio of 24.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $6B | XXX | $6B | XXX | XXX | XXX |
| EV (current) | $10B | XXX | $10B | XXX | XXX | XXX |
| EV/Revenue | 5.1x | XXX | 5.8x | XXX | XXX | XXX |
| EV/EBITDA | 10.3x | XXX | 11.2x | XXX | XXX | XXX |
| EV/EBIT | 18.5x | XXX | 19.9x | XXX | XXX | XXX |
| EV/Gross Profit | 11.5x | XXX | 15.4x | XXX | XXX | XXX |
| P/E | 24.4x | XXX | 25.6x | XXX | XXX | XXX |
| EV/FCF | 44.5x | XXX | 34.1x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified ADES Holding Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


ADES Holding Margins & Growth Rates
ADES Holding's revenue in the last 12 month grew by 35%.
ADES Holding's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.0M for the same period.
ADES Holding's rule of 40 is 97% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
ADES Holding's rule of X is 174% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
ADES Holding Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 35% | XXX | 51% | XXX | XXX | XXX |
| EBITDA Margin | 49% | XXX | 52% | XXX | XXX | XXX |
| EBITDA Growth | 25% | XXX | 33% | XXX | XXX | XXX |
| Rule of 40 | β | XXX | 97% | XXX | XXX | XXX |
| Bessemer Rule of X | β | XXX | 174% | XXX | XXX | XXX |
| Revenue per Employee | β | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | β | XXX | $0.0M | XXX | XXX | XXX |
| G&A Expenses to Revenue | β | XXX | 2% | XXX | XXX | XXX |
| Opex to Revenue | β | XXX | 9% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
ADES Holding Public Comps
See public comps and valuation multiples for other Energy Production and Oil & Gas comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| ADES Holding | XXX | XXX | XXX | XXX | XXX | XXX |
| Contact Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Mercury NZ | XXX | XXX | XXX | XXX | XXX | XXX |
| Murphy Oil | XXX | XXX | XXX | XXX | XXX | XXX |
| CNX Resources | XXX | XXX | XXX | XXX | XXX | XXX |
| Kodiak Gas Services | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
ADES Holding M&A Activity
ADES Holding acquired XXX companies to date.
Last acquisition by ADES Holding was on XXXXXXXX, XXXXX. ADES Holding acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by ADES Holding
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialADES Holding Investment Activity
ADES Holding invested in XXX companies to date.
ADES Holding made its latest investment on XXXXXXXX, XXXXX. ADES Holding invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by ADES Holding
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout ADES Holding
| When was ADES Holding founded? | ADES Holding was founded in 2022. |
| Where is ADES Holding headquartered? | ADES Holding is headquartered in Saudi Arabia. |
| How many employees does ADES Holding have? | As of today, ADES Holding has over 8K employees. |
| Is ADES Holding publicly listed? | Yes, ADES Holding is a public company listed on Tadawul. |
| What is the stock symbol of ADES Holding? | ADES Holding trades under 2382 ticker. |
| When did ADES Holding go public? | ADES Holding went public in 2023. |
| Who are competitors of ADES Holding? | ADES Holding main competitors are Contact Energy, Mercury NZ, Murphy Oil, CNX Resources. |
| What is the current market cap of ADES Holding? | ADES Holding's current market cap is $6B. |
| What is the current revenue of ADES Holding? | ADES Holding's last 12 months revenue is $2B. |
| What is the current revenue growth of ADES Holding? | ADES Holding revenue growth (NTM/LTM) is 35%. |
| What is the current EV/Revenue multiple of ADES Holding? | Current revenue multiple of ADES Holding is 5.1x. |
| Is ADES Holding profitable? | Yes, ADES Holding is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of ADES Holding? | ADES Holding's last 12 months EBITDA is $1B. |
| What is ADES Holding's EBITDA margin? | ADES Holding's last 12 months EBITDA margin is 49%. |
| What is the current EV/EBITDA multiple of ADES Holding? | Current EBITDA multiple of ADES Holding is 10.3x. |
| What is the current FCF of ADES Holding? | ADES Holding's last 12 months FCF is $234M. |
| What is ADES Holding's FCF margin? | ADES Holding's last 12 months FCF margin is 11%. |
| What is the current EV/FCF multiple of ADES Holding? | Current FCF multiple of ADES Holding is 44.5x. |
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