FIRST AVENUE

First Avenue Real Estate Development Company

9610StocksTadawulReal Estate

Financials

1-5

	CurrentMar 10, 2026	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022
Market & Price
Market Capitalization	0.93B	1.14B	1.79B	—	—
Market Cap Growth	-45.8%	-36.4%	—	—	—
Enterprise Value	1.70B	1.37B	2.02B	—	—
Last Close Price	3.25	4.14	6.03	—	—
Valuation Multiples
PE Ratio	8.13	10.29	30.25	—	—
PS Ratio	2.84	3.50	7.04	—	—
PB Ratio	1.37	1.69	3.39	—	—
P/TBV Ratio	1.38	1.69	3.40	—	—
P/FCF Ratio	—	—	55.75	—	—
P/OCF Ratio	—	—	55.66	—	—
EV/Sales Ratio	5.20	4.20	7.92	—	—
EV/EBITDA Ratio	39.82	28.18	52.57	—	—
EV/EBIT Ratio	40.33	28.26	52.69	—	—
EV/FCF Ratio	—	—	62.77	—	—
Leverage & Capital
Debt / Equity Ratio	1.23	1.23	0.68	0.36	0.34
Debt / EBITDA Ratio	16.93	16.93	9.35	3.37	2.04
Debt / FCF Ratio	—	—	11.21	1.22	—
Net Debt / Equity Ratio	1.13	1.13	0.50	0.32	0.31
Net Debt / EBITDA Ratio	15.75	15.75	6.86	3.01	1.92
Net Debt / FCF Ratio	-2.96	-2.96	8.18	1.08	-2.57
Efficiency & Liquidity
Asset Turnover	0.25	0.25	0.35	0.51	0.66
Inventory Turnover	0.48	0.48	0.84	1.34	1.08
Quick Ratio	0.46	0.46	0.55	0.53	0.59
Current Ratio	2.25	2.25	2.29	1.87	2.31
Returns & Yields
Return on Equity (ROE)	+18.1%	+18.1%	+13.8%	+13.8%	+21.2%
Return on Assets (ROA)	+2.3%	+2.3%	+3.3%	+4.7%	+9.2%
Return on Invested Capital (ROIC)	+2.9%	+3.8%	+5.8%	+8.1%	+16.6%
Return on Capital Employed (ROCE)	+3.8%	+3.8%	+5.1%	+8.6%	+14.1%
Earnings Yield	+11.9%	+9.7%	+3.3%	—	—
FCF Yield	-27.9%	-22.7%	+1.8%	—	—
Payout Ratio	—	—	+34.3%	+24.3%	—
Buyback Yield / Dilution	-8.4%	-8.4%	-3.1%	-12.0%	-1,421.6%

1-5

	CurrentMar 10, 2026	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022
Market & Price
Market Capitalization	0.93B	1.14B	1.79B	—	—
Market Cap Growth	-45.8%	-36.4%	—	—	—
Enterprise Value	1.70B	1.37B	2.02B	—	—
Last Close Price	3.25	4.14	6.03	—	—
Valuation Multiples
PE Ratio	8.13	10.29	30.25	—	—
PS Ratio	2.84	3.50	7.04	—	—
PB Ratio	1.37	1.69	3.39	—	—
P/TBV Ratio	1.38	1.69	3.40	—	—
P/FCF Ratio	—	—	55.75	—	—
P/OCF Ratio	—	—	55.66	—	—
EV/Sales Ratio	5.20	4.20	7.92	—	—
EV/EBITDA Ratio	39.82	28.18	52.57	—	—
EV/EBIT Ratio	40.33	28.26	52.69	—	—
EV/FCF Ratio	—	—	62.77	—	—
Leverage & Capital
Debt / Equity Ratio	1.23	1.23	0.68	0.36	0.34
Debt / EBITDA Ratio	16.93	16.93	9.35	3.37	2.04
Debt / FCF Ratio	—	—	11.21	1.22	—
Net Debt / Equity Ratio	1.13	1.13	0.50	0.32	0.31
Net Debt / EBITDA Ratio	15.75	15.75	6.86	3.01	1.92
Net Debt / FCF Ratio	-2.96	-2.96	8.18	1.08	-2.57
Efficiency & Liquidity
Asset Turnover	0.25	0.25	0.35	0.51	0.66
Inventory Turnover	0.48	0.48	0.84	1.34	1.08
Quick Ratio	0.46	0.46	0.55	0.53	0.59
Current Ratio	2.25	2.25	2.29	1.87	2.31
Returns & Yields
Return on Equity (ROE)	+18.1%	+18.1%	+13.8%	+13.8%	+21.2%
Return on Assets (ROA)	+2.3%	+2.3%	+3.3%	+4.7%	+9.2%
Return on Invested Capital (ROIC)	+2.9%	+3.8%	+5.8%	+8.1%	+16.6%
Return on Capital Employed (ROCE)	+3.8%	+3.8%	+5.1%	+8.6%	+14.1%
Earnings Yield	+11.9%	+9.7%	+3.3%	—	—
FCF Yield	-27.9%	-22.7%	+1.8%	—	—
Payout Ratio	—	—	+34.3%	+24.3%	—
Buyback Yield / Dilution	-8.4%	-8.4%	-3.1%	-12.0%	-1,421.6%