First Milling Valuation Multiples

First Milling Overview

About First Milling

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.

Founded

2016

HQ

Employees

601

Website

firstmills.com

Sectors

Food & Beverages

Financials (FY)

Revenue: $306M

EBITDA: $111M

EV

$1B

Valuation Multiples

Multiples.vc

Start free trial

First Milling Financials

First Milling reported last fiscal year revenue of $306M and EBITDA of $111M.

In the same fiscal year, First Milling generated $129M in gross profit, $111M in EBITDA, and $74M in net income.

First Milling P&L

In the most recent fiscal year, First Milling reported revenue of $306M and EBITDA of $111M.

First Milling expects next 12-month revenue of XXX and NTM EBITDA of XXX

First Milling Stock Performance

First Milling has current market cap of $830M, and enterprise value of $1B.

First Milling's stock price is $14.95.

First Milling Valuation Multiples

First Milling trades at 3.7x EV/Revenue multiple, and 10.3x EV/EBITDA.

First Milling Financial Valuation Multiples

As of April 20, 2026, First Milling has market cap of $830M and EV of $1B.

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 11.2x.

First Milling Margins & Growth Rates

First Milling's revenue in the last fiscal year grew by 4%.

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 39% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

First Milling's rule of X is 44% (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).

First Milling Public Comps

See public comps and valuation multiples for other Food & Beverages comps.

First Milling M&A Activity

First Milling acquired XXX companies to date.

Last acquisition by First Milling was on XXXXXXXX, XXXXX. First Milling acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

First Milling Investment Activity

First Milling invested in XXX companies to date.

First Milling made its latest investment on XXXXXXXX, XXXXX. First Milling invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).