FIRST MILLS

First Milling Co.

2283StocksTadawulMaterials

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Ratios

1-5

	CurrentMar 10, 2026	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022
Market & Price
Market Capitalization	3.00B	2.70B	3.34B	4.17B	—
Market Cap Growth	+1.5%	-19.0%	-19.9%	—	—
Enterprise Value	4.12B	3.94B	4.59B	5.38B	—
Last Close Price	54.00	47.55	55.92	66.71	—
Valuation Multiples
Forward PE (Next 12M Est.)	10.07	10.86	13.15	16.78	—
PE Ratio	10.82	9.75	13.31	18.93	—
PEG Ratio	1.83	1.98	1.08	—	—
PS Ratio	2.51	2.36	3.18	4.32	—
PB Ratio	2.84	2.53	3.53	4.67	—
P/FCF Ratio	11.22	10.40	13.23	22.13	—
P/OCF Ratio	8.89	7.91	10.92	13.55	—
EV/Sales Ratio	3.45	3.44	4.37	5.58	—
EV/EBITDA Ratio	10.14	10.26	12.81	16.92	—
EV/EBIT Ratio	11.97	11.63	14.38	18.80	—
EV/FCF Ratio	15.42	15.16	18.17	28.58	—
Leverage & Capital
Debt / Equity Ratio	1.25	1.18	1.43	1.55	2.03
Debt / EBITDA Ratio	3.26	3.17	3.61	4.14	4.96
Debt / FCF Ratio	4.96	4.87	5.35	7.34	7.78
Net Debt / Equity Ratio	1.06	1.09	1.21	1.33	1.74
Net Debt / EBITDA Ratio	2.87	3.03	3.18	3.74	4.50
Net Debt / FCF Ratio	4.19	4.48	4.51	6.32	6.68
Efficiency & Liquidity
Asset Turnover	0.31	0.45	0.42	0.39	0.51
Inventory Turnover	3.15	4.09	3.82	4.12	4.39
Quick Ratio	0.50	0.38	0.64	0.68	0.68
Current Ratio	0.92	0.85	1.12	1.31	1.23
Returns & Yields
Return on Equity (ROE)	+19.0%	+27.6%	+27.3%	+26.8%	+30.7%
Return on Assets (ROA)	+5.5%	+8.3%	+8.0%	+7.3%	+8.9%
Return on Invested Capital (ROIC)	+15.3%	+15.3%	+14.9%	+13.5%	+17.0%
Return on Capital Employed (ROCE)	+15.5%	+15.4%	+14.9%	+13.1%	+12.2%
Earnings Yield	+9.3%	+10.3%	+7.5%	+5.3%	—
FCF Yield	+8.9%	+9.6%	+7.6%	+4.5%	—
Dividend Yield	+5.8%	+6.6%	+5.1%	+4.2%	—
Payout Ratio	+56.1%	+55.1%	+65.2%	+34.5%	+82.5%
Buyback Yield / Dilution	0.0%	-0.1%	+0.1%	-524.1%	+83.4%
Total Shareholder Return	+5.8%	+6.5%	+5.2%	-519.9%	+83.4%

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Ratios

1-5

	CurrentMar 10, 2026	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022
Market & Price
Market Capitalization	3.00B	2.70B	3.34B	4.17B	—
Market Cap Growth	+1.5%	-19.0%	-19.9%	—	—
Enterprise Value	4.12B	3.94B	4.59B	5.38B	—
Last Close Price	54.00	47.55	55.92	66.71	—
Valuation Multiples
Forward PE (Next 12M Est.)	10.07	10.86	13.15	16.78	—
PE Ratio	10.82	9.75	13.31	18.93	—
PEG Ratio	1.83	1.98	1.08	—	—
PS Ratio	2.51	2.36	3.18	4.32	—
PB Ratio	2.84	2.53	3.53	4.67	—
P/FCF Ratio	11.22	10.40	13.23	22.13	—
P/OCF Ratio	8.89	7.91	10.92	13.55	—
EV/Sales Ratio	3.45	3.44	4.37	5.58	—
EV/EBITDA Ratio	10.14	10.26	12.81	16.92	—
EV/EBIT Ratio	11.97	11.63	14.38	18.80	—
EV/FCF Ratio	15.42	15.16	18.17	28.58	—
Leverage & Capital
Debt / Equity Ratio	1.25	1.18	1.43	1.55	2.03
Debt / EBITDA Ratio	3.26	3.17	3.61	4.14	4.96
Debt / FCF Ratio	4.96	4.87	5.35	7.34	7.78
Net Debt / Equity Ratio	1.06	1.09	1.21	1.33	1.74
Net Debt / EBITDA Ratio	2.87	3.03	3.18	3.74	4.50
Net Debt / FCF Ratio	4.19	4.48	4.51	6.32	6.68
Efficiency & Liquidity
Asset Turnover	0.31	0.45	0.42	0.39	0.51
Inventory Turnover	3.15	4.09	3.82	4.12	4.39
Quick Ratio	0.50	0.38	0.64	0.68	0.68
Current Ratio	0.92	0.85	1.12	1.31	1.23
Returns & Yields
Return on Equity (ROE)	+19.0%	+27.6%	+27.3%	+26.8%	+30.7%
Return on Assets (ROA)	+5.5%	+8.3%	+8.0%	+7.3%	+8.9%
Return on Invested Capital (ROIC)	+15.3%	+15.3%	+14.9%	+13.5%	+17.0%
Return on Capital Employed (ROCE)	+15.5%	+15.4%	+14.9%	+13.1%	+12.2%
Earnings Yield	+9.3%	+10.3%	+7.5%	+5.3%	—
FCF Yield	+8.9%	+9.6%	+7.6%	+4.5%	—
Dividend Yield	+5.8%	+6.6%	+5.1%	+4.2%	—
Payout Ratio	+56.1%	+55.1%	+65.2%	+34.5%	+82.5%
Buyback Yield / Dilution	0.0%	-0.1%	+0.1%	-524.1%	+83.4%
Total Shareholder Return	+5.8%	+6.5%	+5.2%	-519.9%	+83.4%