Almarai Co Consumer Staples

BUY
SAR 45.2
SAR 60.00
33%
  • 45,200,000,000
  • 1,000,000,000
  • 38.18 L H 49.94
  • 27,510,750

Financial

FY2021A FY2022A FY2023A FY2024A FY2025A
PE (x) 28.43 25.22 21.72 19.31 18.21
PB (x) 2.80 2.71 2.54 2.41 2.20
Dividend Yield (%) 2.21 2.21 2.21 2.54 2.54

Recent Research

  • Saudi Flag
    FIRST LOOK NOTES
    09 Oct 2026
    Almarai Co
    BUY
    SAR 44.44
    SAR 60.00
    +35.01%

    Saudi Equity Research - Almarai Company 3Q26 - First Look Note

    Almarai launched new products in 3Q26 as the Company continued to reshape its portfolio towards higher-margin products. Added Protein capacity was fully utilized in 3Q26, expecting further capacity utilization to support improved poultry profitability.
  • Saudi Flag
    EARNINGS CALL INSIGHT
    07 Oct 2026
    Almarai Co
    BUY
    SAR 45.28
    SAR 60.00
    +32.51%

    Saudi Equity Research - Almarai Company 3Q26 - Earnings Call Insight

    Almarai’s revenue increased 11.4% YOY to SAR 6,187 Mn in 3Q26, driven by strong performance in KSA, Egypt and Kuwait, supported by volume growth in Fresh Dairy and Protein.
  • Saudi Flag
    FIRST LOOK NOTES
    09 Jul 2026
    Almarai Co
    BUY
    SAR 46.60
    SAR 60.00
    +28.76%

    Saudi Equity Research - Almarai Company 2Q26 - First Look Note

    Almarai Company net profit declined 1.7% YOY to SAR 636 Mn in 2Q26, in line with our estimate of SAR 640 Mn. The decline in net profit was primarily driven by higher cost of sales, reflecting increased dairy feed shipping costs, elevated operating expenses due to increased energy, logistics, and protein ramp-up costs, higher net finance costs, increase in S&D and G&A expenses and higher income tax expenses.
  • Saudi Flag
    EARNINGS CALL INSIGHT
    08 Jul 2026
    Almarai Co
    BUY
    SAR 46.98
    SAR 60.00
    +27.71%

    Almarai_2Q26 Earnings Call Insight

    Almarai’s revenue increased 11.0% YOY to SAR 5,868 Mn in 2Q26, driven by sales volume growth across all markets, product categories, and sales channels, supported by higher poultry volumes following capacity expansion projects and an improved revenue mix in the Dairy segment.
  • Saudi Flag
    FIRST LOOK NOTES
    10 Apr 2026
    Almarai Co
    BUY
    SAR 42.80
    SAR 60.00
    +40.19%

    Saudi Equity Research - Almarai Company 1Q26 - First Look Note

    Almarai reported poultry production of c. 81 Mn birds in 1Q26, with guidance of c. 330 Mn birds going forward and a long-term target of c. 450 Mn birds, indicating significant scale-up potential.
  • Saudi Flag
    EARNINGS CALL INSIGHT
    08 Apr 2026
    Almarai Co
    BUY
    SAR 42.70
    SAR 60.00
    +40.52%

    Saudi Equity Research - Almarai Company 1Q26 - First Look Note

    Almarai’s revenue grew 6.8% YOY to SAR 6,160 Mn in 1Q26, supported improved performance during the holy month of Ramadan and broad-based volume growth across markets, product segments, and channels, led by dairy and poultry.

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