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First Milling CoSAU:2283 -0.57%62 Return-on-Tangible-Equity is Negative Tangible Equity% as of Mar. 2026. GuruFocus rates SAU:2283 with a GF Score™ of 62/100 and a GF Value™ of ﷼73.75 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,881 Consumer Packaged Goods companies, First Milling Co ranks better than 99.95% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. First Milling Co's annualized net income for the quarter that ended in Mar. 2026 was ﷼320 Mil. First Milling Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ﷼-90 Mil. Therefore, First Milling Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was Negative Tangible Equity%.
The historical rank and industry rank for First Milling Co's Return-on-Tangible-Equity or its related term are showing as below:
SAU:2283'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 30.03 Med: 83.81 Max: 137.59
Current: Negative Tangible Equity
During the past 5 years, First Milling Co's highest Return-on-Tangible-Equity was 137.59%. The lowest was 30.03%. And the median was 83.81%.
SAU:2283's Return-on-Tangible-Equity is ranked better than 99.95% of 1881
companies
in the Consumer Packaged Goods industry
Industry Median: 7.78
vs SAU:2283: Negative Tangible Equity
First Milling Co (SAU:2283) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
First Milling Co Return-on-Tangible-Equity Related Terms
First Milling Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for First Milling Co's Return-on-Tangible-Equity 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.
SAU:2283 vs KHC, GIS: Return-on-Tangible-Equity Comparison
For the Packaged Foods subindustry, First Milling Co's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, First Milling Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where First Milling Co's Return-on-Tangible-Equity falls into.
* 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of Negative Tangible Equity% mean?
First Milling Co (SAU:2283) has a Return-on-Tangible-Equity of Negative Tangible Equity% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on First Milling Co and its competitors. Over the past decade, First Milling Co's Return-on-Tangible-Equity has ranged from 30.03 to 137.59. According to the industry distribution chart, First Milling Co ranks #1 out of 1881 companies in the Consumer Packaged Goods industry, placing it in the top 0.099999999999994%.
Is First Milling Co's Return-on-Tangible-Equity too high?
First Milling Co's current Return-on-Tangible-Equity is Negative Tangible Equity%. Over the past 10 years, this metric has ranged from a low of 30.03 to a high of 137.59. Based on the distribution chart, First Milling Co ranks #1 out of 1881 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. 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 Return-on-Tangible-Equity compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, First Milling Co ranks #1 out of 1881 companies for Return-on-Tangible-Equity. This places First Milling Co in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.78. Historically, First Milling Co's own Return-on-Tangible-Equity has ranged from 30.03 to 137.59 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a Consumer Packaged Goods company?
The median Return-on-Tangible-Equity among Consumer Packaged Goods companies is 7.78, based on 1,881 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on First Milling Co and its competitors. For the Consumer Packaged Goods industry, the median Return-on-Tangible-Equity is 7.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Milling Co's current Return-on-Tangible-Equity is Negative Tangible Equity%. 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 ﷼73.75, compared to a current price of ﷼52.00 — trading 29.5% below its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. 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 Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For First Milling Co (SAU:2283), the current Return-on-Tangible-Equity is Negative Tangible Equity% 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 29.5% below its estimated GF Value™ of ﷼73.75.
GuruFocus considers First Milling Co to be Modestly Undervalued.
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 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
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