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Marafiq Valuation Multiples
Discover revenue and EBITDA valuation multiples for Marafiq and similar public comparables like Shikoku Electric Power, Societatea Energetica, Tabreed, Northwest Natural Holdings and more.
Marafiq Overview
About Marafiq
Power and Water Utility Company for Jubail and Yanbu engages in providing integrated utility services to all sectors in the Industrial Cities of the Kingdom of Saudi Arabia. The company's principal activities are water supply, sewage activities, waste management and treatment, electricity, gas, steam and air conditioning supply, process industry, and construction. The company's operating segment includes Power, Water, Gas, and Independent Water and Power. The majority of revenue is generated from the Water segment which includes desalinated and treated water systems, potable, process, and industrial water production, distribution, seawater cooling systems for heavy industries, and industrial and sanitary wastewater treatment and disposal.
Founded
2001
HQ

Employees
1.5K
Website
Sectors
Financials (LTM)
EV
$5B
Marafiq Financials
Marafiq reported last 12-month revenue of $2B and EBITDA of $754M.
In the same LTM period, Marafiq generated $754M in EBITDA and $86M in net income.
Revenue (LTM)
Marafiq P&L
In the most recent fiscal year, Marafiq reported revenue of $2B and EBITDA of $743M.
Marafiq 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 | — | XXX | $218M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 12% | XXX | XXX | XXX |
| EBITDA | $754M | XXX | $743M | XXX | XXX | XXX |
| EBITDA Margin | 40% | XXX | 40% | XXX | XXX | XXX |
| EBIT Margin | 18% | XXX | 18% | XXX | XXX | XXX |
| Net Profit | $86M | XXX | $120M | XXX | XXX | XXX |
| Net Margin | 5% | XXX | 6% | XXX | XXX | XXX |
| Net Debt | — | — | $1B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Marafiq Stock Performance
Marafiq has current market cap of $2B, and enterprise value of $5B.
Market Cap Evolution
Marafiq's stock price is $9.24.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $5B | $2B | 0.0% | XXX | XXX | XXX | $0.48 |
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Start Free TrialMarafiq Valuation Multiples
Marafiq trades at 2.8x EV/Revenue multiple, and 7.1x EV/EBITDA.
EV / Revenue (LTM)
Marafiq Financial Valuation Multiples
As of April 19, 2026, Marafiq has market cap of $2B and EV of $5B.
Equity research analysts estimate Marafiq's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Marafiq has a P/E ratio of 27.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV/Revenue | 2.8x | XXX | 2.9x | XXX | XXX | XXX |
| EV/EBITDA | 7.1x | XXX | 7.3x | XXX | XXX | XXX |
| EV/EBIT | 15.6x | XXX | 16.1x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 24.7x | XXX | XXX | XXX |
| P/E | 27.0x | XXX | 19.3x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 16.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Marafiq 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.


Marafiq Margins & Growth Rates
Marafiq's revenue in the last 12 month grew by 8%.
Marafiq's revenue per employee in the last FY averaged $1.2M, while opex per employee averaged $-0.1M for the same period.
Marafiq's rule of 40 is 47% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Marafiq's rule of X is 60% (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).
Marafiq Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 8% | XXX | 8% | XXX | XXX | XXX |
| EBITDA Margin | 40% | XXX | 40% | XXX | XXX | XXX |
| EBITDA Growth | 10% | XXX | 5% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 47% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 60% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $-0.1M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | (6%) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Marafiq Public Comps
See public comps and valuation multiples for other Utilities comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Marafiq | XXX | XXX | XXX | XXX | XXX | XXX |
| Shikoku Electric Power | XXX | XXX | XXX | XXX | XXX | XXX |
| Societatea Energetica | XXX | XXX | XXX | XXX | XXX | XXX |
| Tabreed | XXX | XXX | XXX | XXX | XXX | XXX |
| Northwest Natural Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Alupar Investimento | 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.
Marafiq M&A Activity
Marafiq acquired XXX companies to date.
Last acquisition by Marafiq was on XXXXXXXX, XXXXX. Marafiq acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Marafiq
| 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 TrialMarafiq Investment Activity
Marafiq invested in XXX companies to date.
Marafiq made its latest investment on XXXXXXXX, XXXXX. Marafiq invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Marafiq
| 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 Marafiq
| When was Marafiq founded? | Marafiq was founded in 2001. |
| Where is Marafiq headquartered? | Marafiq is headquartered in Saudi Arabia. |
| How many employees does Marafiq have? | As of today, Marafiq has over 1K employees. |
| Is Marafiq publicly listed? | Yes, Marafiq is a public company listed on Tadawul. |
| What is the stock symbol of Marafiq? | Marafiq trades under 2083 ticker. |
| When did Marafiq go public? | Marafiq went public in 2022. |
| Who are competitors of Marafiq? | Marafiq main competitors are Shikoku Electric Power, Societatea Energetica, Tabreed, Northwest Natural Holdings. |
| What is the current market cap of Marafiq? | Marafiq's current market cap is $2B. |
| What is the current revenue of Marafiq? | Marafiq's last 12 months revenue is $2B. |
| What is the current revenue growth of Marafiq? | Marafiq revenue growth (NTM/LTM) is 8%. |
| What is the current EV/Revenue multiple of Marafiq? | Current revenue multiple of Marafiq is 2.8x. |
| Is Marafiq profitable? | Yes, Marafiq is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Marafiq? | Marafiq's last 12 months EBITDA is $754M. |
| What is Marafiq's EBITDA margin? | Marafiq's last 12 months EBITDA margin is 40%. |
| What is the current EV/EBITDA multiple of Marafiq? | Current EBITDA multiple of Marafiq is 7.1x. |
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