NGC

National Gypsum Co.

2090StocksTadawulMaterials

Financials

1-5

	CurrentMar 10, 2026	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022
Market & Price
Market Capitalization	0.44B	0.48B	0.69B	0.74B	0.70B
Market Cap Growth	-34.2%	-30.3%	-7.3%	+5.5%	-50.6%
Enterprise Value	0.48B	0.51B	0.69B	0.69B	0.66B
Last Close Price	14.01	15.15	21.74	23.44	22.22
Valuation Multiples
PE Ratio	—	—	—	144.76	—
PS Ratio	7.01	7.92	10.87	14.30	12.86
PB Ratio	0.80	1.54	1.98	2.05	1.97
P/TBV Ratio	0.80	1.54	1.98	2.05	1.97
P/FCF Ratio	—	—	—	—	—
P/OCF Ratio	19.52	166.51	58.34	—	—
EV/Sales Ratio	7.53	8.50	10.92	13.25	12.07
EV/EBITDA Ratio	—	—	168.53	182.16	184.94
EV/EBIT Ratio	—	—	—	—	—
EV/FCF Ratio	—	—	—	—	—
Leverage & Capital
Debt / Equity Ratio	0.07	0.12	0.02	0.02	0.02
Debt / EBITDA Ratio	—	—	1.20	1.42	1.63
Debt / FCF Ratio	—	—	—	—	—
Net Debt / Equity Ratio	0.06	0.11	0.01	-0.01	-0.15
Net Debt / EBITDA Ratio	-3.90	-6.71	0.47	-0.81	-14.89
Net Debt / FCF Ratio	-3.28	-0.96	-0.06	0.27	9.08
Efficiency & Liquidity
Asset Turnover	0.12	0.16	0.16	0.13	0.12
Inventory Turnover	4.11	4.02	3.11	2.16	2.01
Quick Ratio	0.36	0.36	0.89	1.11	2.51
Current Ratio	0.81	0.79	2.41	2.36	3.23
Returns & Yields
Return on Equity (ROE)	-8.0%	-9.4%	-3.6%	+1.4%	-1.6%
Return on Assets (ROA)	-2.3%	-2.5%	-1.0%	-0.9%	-1.1%
Return on Invested Capital (ROIC)	-4.0%	-4.4%	-1.8%	-1.0%	-2.3%
Return on Capital Employed (ROCE)	-3.3%	-4.7%	-1.7%	-1.6%	-2.1%
Earnings Yield	-8.1%	-6.4%	-1.8%	+0.7%	-0.9%
FCF Yield	-2.2%	-7.5%	-4.8%	-1.5%	-0.8%
Dividend Yield	—	—	—	—	—
Payout Ratio	—	—	—	—	—
Total Shareholder Return	—	—	—	—	—

1-5

	CurrentMar 10, 2026	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022
Market & Price
Market Capitalization	0.44B	0.48B	0.69B	0.74B	0.70B
Market Cap Growth	-34.2%	-30.3%	-7.3%	+5.5%	-50.6%
Enterprise Value	0.48B	0.51B	0.69B	0.69B	0.66B
Last Close Price	14.01	15.15	21.74	23.44	22.22
Valuation Multiples
PE Ratio	—	—	—	144.76	—
PS Ratio	7.01	7.92	10.87	14.30	12.86
PB Ratio	0.80	1.54	1.98	2.05	1.97
P/TBV Ratio	0.80	1.54	1.98	2.05	1.97
P/FCF Ratio	—	—	—	—	—
P/OCF Ratio	19.52	166.51	58.34	—	—
EV/Sales Ratio	7.53	8.50	10.92	13.25	12.07
EV/EBITDA Ratio	—	—	168.53	182.16	184.94
EV/EBIT Ratio	—	—	—	—	—
EV/FCF Ratio	—	—	—	—	—
Leverage & Capital
Debt / Equity Ratio	0.07	0.12	0.02	0.02	0.02
Debt / EBITDA Ratio	—	—	1.20	1.42	1.63
Debt / FCF Ratio	—	—	—	—	—
Net Debt / Equity Ratio	0.06	0.11	0.01	-0.01	-0.15
Net Debt / EBITDA Ratio	-3.90	-6.71	0.47	-0.81	-14.89
Net Debt / FCF Ratio	-3.28	-0.96	-0.06	0.27	9.08
Efficiency & Liquidity
Asset Turnover	0.12	0.16	0.16	0.13	0.12
Inventory Turnover	4.11	4.02	3.11	2.16	2.01
Quick Ratio	0.36	0.36	0.89	1.11	2.51
Current Ratio	0.81	0.79	2.41	2.36	3.23
Returns & Yields
Return on Equity (ROE)	-8.0%	-9.4%	-3.6%	+1.4%	-1.6%
Return on Assets (ROA)	-2.3%	-2.5%	-1.0%	-0.9%	-1.1%
Return on Invested Capital (ROIC)	-4.0%	-4.4%	-1.8%	-1.0%	-2.3%
Return on Capital Employed (ROCE)	-3.3%	-4.7%	-1.7%	-1.6%	-2.1%
Earnings Yield	-8.1%	-6.4%	-1.8%	+0.7%	-0.9%
FCF Yield	-2.2%	-7.5%	-4.8%	-1.5%	-0.8%
Dividend Yield	—	—	—	—	—
Payout Ratio	—	—	—	—	—
Total Shareholder Return	—	—	—	—	—