First Milling Co (SAU:2283) EBIT: ﷼352 Mil (TTM As of Mar. 2026)

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SAU:2283 First Milling Co SAU:2283
62 GF Score
Price ﷼52.00
GF Value ﷼73.68
Valuation Modestly Undervalued
! 4 Warning Signs
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What is First Milling Co EBIT?

First Milling Co SAU:2283 -1.70% 62 EBIT is ﷼352 Mil as of Mar. 2026. GuruFocus rates SAU:2283 with a GF Score™ of 62/100 and a GF Value™ of ﷼73.68 (Modestly Undervalued). The stock has 4 warning signs investors should review.

First Milling Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ﷼99 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ﷼352 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. First Milling Co's annualized ROC % for the quarter that ended in Mar. 2026 was 15.11%. First Milling Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 35.13%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. First Milling Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 8.77%.


First Milling Co  (SAU:2283) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

First Milling Co's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=398.568 * ( 1 - 1.31% )/( (2546.129 + 2661.203)/ 2 )
=393.3467592/2603.666
=15.11 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2598.937 - 111.454 - ( 93.307 - max(0, 397.173 - 338.527+93.307))
=2546.129

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2720.012 - 100.218 - ( 201.939 - max(0, 498.867 - 457.458+201.939))
=2661.203

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

First Milling Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=394.196/( ( (1108.374 + max(25.969, 0)) + (1110.011 + max(-32.034, 0)) )/ 2 )
=394.196/( ( 1134.343 + 1110.011 )/ 2 )
=394.196/1122.177
=35.13 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(40.32 + 162.9 + 32.612) - (111.454 + 0 + 98.409)
=25.969

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(44.575 + 147.688 + 63.256) - (100.218 + 0 + 187.335)
=-32.034

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

First Milling Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=351.866/4012.030
=8.77 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


First Milling Co EBIT Related Terms


First Milling Co EBIT Historical Data

* Premium members only.

The historical data trend for First Milling Co's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

First Milling Co EBIT Chart

First Milling Co Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
215.04 256.77 317.47 346.83 353.02

First Milling Co Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 99.70 69.75 91.30 92.27 98.55

SAU:2283 vs KHC, GIS: EBIT Comparison

For the Packaged Foods subindustry, First Milling Co's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


First Milling Co EV-to-EBIT vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, First Milling Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where First Milling Co's EV-to-EBIT falls into.


SAU:2283
62GF Score
First Milling Co SAU:2283
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

First Milling Co EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ﷼352 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of ﷼352 Mil mean?
First Milling Co (SAU:2283) has a EBIT of ﷼352 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on First Milling Co.
Is First Milling Co's EBIT too high?
First Milling Co's current EBIT is ﷼352 Mil. Overall, First Milling Co has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does First Milling Co's EBIT compare to KHC and GIS?
First Milling Co's EBIT of ﷼352 Mil can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Consumer Packaged Goods company?
A good EBIT depends on the Consumer Packaged Goods industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on First Milling Co. First Milling Co's current EBIT is ﷼352 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Milling Co stock overvalued right now?
Based on GuruFocus' analysis, First Milling Co (SAU:2283) is currently considered Modestly Undervalued. The stock's GF Value™ is ﷼73.68, compared to a current price of ﷼52.00 — trading 29.4% below its estimated fair value. The current EBIT is ﷼352 Mil. First Milling Co's overall GF Score™ is 62/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For First Milling Co (SAU:2283), the current EBIT is ﷼352 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is First Milling Co (SAU:2283) Overvalued in 2026?

Based on GuruFocus' analysis, First Milling Co stock appears to be undervalued. The current stock price of ﷼52.00 is trading 29.4% below its estimated GF Value™ of ﷼73.68. GuruFocus considers First Milling Co to be Modestly Undervalued.

Key valuation signals for SAU:2283:

  • EBIT: ﷼352 Mil
  • GF Value™: ﷼73.68 vs. price of ﷼52.00 (29.4% below fair value)
  • GF Score™: 62/100 with 4 warning signs

No single metric tells the full story. See the SAU:2283 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


First Milling Co Business Description

Address Jeddah Islamic Port, between gates 7 and 8, PO Box: 16165, Jeddah, SAU, 22312
First Milling Co is principally engaged in flour production and related wheat products, feed and bran within the Kingdom of Saudi Arabia. It serves various business clients, including factories, commercial bakeries, restaurants, and catering companies, as well as other clients such as wholesalers, modern and traditional traders, farmers, feed distributors, and retailers. The company operates in four regions in the Kingdom of Saudi Arabia, which are its reportable segments, namely Jeddah, Qassim, Tabuk and Al Ahsa. The majority of revenue is derived from the production of flour, feed and bran in Jeddah.
62GF Score

Get the complete analysis for SAU:2283

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

﷼52.00
Price
﷼73.68
GF Value