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First Milling Co operates as a producer of flour-based products and byproducts. It is mainly engaged in producing flour, bran, wheat derivatives, and animal feed. The Company operates in four regions in the Kingdom of Saudi Arabia, which are its reportable segments.
2016
601
LTM Revenue $287M
LTM EBITDA $101M
$1.1B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
First Milling has a last 12-month revenue (LTM) of $287M and a last 12-month EBITDA of $101M.
In the most recent fiscal year, First Milling achieved revenue of $280M and an EBITDA of $107M.
First Milling expects next 12-month revenue of XXX and NTM EBITDA of XXX
See First Milling valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $287M | XXX | $280M | XXX | XXX | XXX |
| Gross Profit | $123M | XXX | $122M | XXX | XXX | XXX |
| Gross Margin | 43% | XXX | 44% | XXX | XXX | XXX |
| EBITDA | $101M | XXX | $107M | XXX | XXX | XXX |
| EBITDA Margin | 35% | XXX | 38% | XXX | XXX | XXX |
| EBIT | $86.1M | XXX | $85.2M | XXX | XXX | XXX |
| EBIT Margin | 30% | XXX | 30% | XXX | XXX | XXX |
| Net Profit | $68.4M | XXX | $66.9M | XXX | XXX | XXX |
| Net Margin | 24% | XXX | 24% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $252M | XXX | XXX | XXX |
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As of September 5, 2025, First Milling's stock price is SAR 51 (or $14).
First Milling has current market cap of SAR 2.8B (or $751M), and EV of SAR 4.0B (or $1.1B).
See First Milling trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1.1B | $751M | XXX | XXX | XXX | XXX | $1.25 |
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Start Free TrialAs of September 5, 2025, First Milling has market cap of $751M and EV of $1.1B.
First Milling's trades at 3.8x EV/Revenue multiple, and 10.0x EV/EBITDA.
Equity research analysts estimate First Milling's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
First Milling has a P/E ratio of 11.0x.
See valuation multiples for First Milling and 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $751M | XXX | $751M | XXX | XXX | XXX |
| EV (current) | $1.1B | XXX | $1.1B | XXX | XXX | XXX |
| EV/Revenue | 3.7x | XXX | 3.8x | XXX | XXX | XXX |
| EV/EBITDA | 10.7x | XXX | 10.0x | XXX | XXX | XXX |
| EV/EBIT | 12.4x | XXX | 12.6x | XXX | XXX | XXX |
| EV/Gross Profit | 8.7x | XXX | n/a | XXX | XXX | XXX |
| P/E | 11.0x | XXX | 11.2x | XXX | XXX | XXX |
| EV/FCF | 13.9x | XXX | 16.2x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialFirst Milling's last 12 month revenue growth is 6%
First Milling's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.1M for the same period.
First Milling's rule of 40 is 44% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
First Milling's rule of X is 49% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for First Milling and other 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 6% | XXX | 5% | XXX | XXX | XXX |
| EBITDA Margin | 35% | XXX | 38% | XXX | XXX | XXX |
| EBITDA Growth | 4% | XXX | 2% | XXX | XXX | XXX |
| Rule of 40 | 44% | XXX | 44% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 49% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.5M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 3% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 13% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Agthia Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Acomo | XXX | XXX | XXX | XXX | XXX | XXX |
| ForFarmers | XXX | XXX | XXX | XXX | XXX | XXX |
| JDE Peet's | XXX | XXX | XXX | XXX | XXX | XXX |
| Sligro Food Group | 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.
First Milling acquired XXX companies to date.
Last acquisition by First Milling was XXXXXXXX, XXXXX XXXXX XXXXXX . First Milling acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was First Milling founded? | First Milling was founded in 2016. |
| Where is First Milling headquartered? | First Milling is headquartered in Saudi Arabia. |
| How many employees does First Milling have? | As of today, First Milling has 601 employees. |
| Is First Milling publicy listed? | Yes, First Milling is a public company listed on SAU. |
| What is the stock symbol of First Milling? | First Milling trades under 2283 ticker. |
| When did First Milling go public? | First Milling went public in 2023. |
| Who are competitors of First Milling? | Similar companies to First Milling include e.g. Agthia Group, Acomo, ForFarmers, JDE Peet's. |
| What is the current market cap of First Milling? | First Milling's current market cap is $751M |
| What is the current revenue of First Milling? | First Milling's last 12 months revenue is $287M. |
| What is the current revenue growth of First Milling? | First Milling revenue growth (NTM/LTM) is 6%. |
| What is the current EV/Revenue multiple of First Milling? | Current revenue multiple of First Milling is 3.7x. |
| Is First Milling profitable? | Yes, First Milling is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of First Milling? | First Milling's last 12 months EBITDA is $101M. |
| What is First Milling's EBITDA margin? | First Milling's last 12 months EBITDA margin is 35%. |
| What is the current EV/EBITDA multiple of First Milling? | Current EBITDA multiple of First Milling is 10.7x. |
| What is the current FCF of First Milling? | First Milling's last 12 months FCF is $77.0M. |
| What is First Milling's FCF margin? | First Milling's last 12 months FCF margin is 27%. |
| What is the current EV/FCF multiple of First Milling? | Current FCF multiple of First Milling is 13.9x. |
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