GCC valuation database · industry averages from audited accounts

4.5 CF-to-CapEx Ratio

Operating cash flow divided by capital spending: how many times operations could fund the year's investment.

Saudi ArabiaSaudi Exchange (Tadawul)SAR

Times · industry averages · FY2018 to FY2025

IndustryCompaniesFY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Telecom31.86x1.08x2.27x1.52x2.90x2.24x1.86x1.72x
Mills417.8x3.07x5.54x4.17x5.41x5.28x6.02x3.98x
Car Rental351.5x-1.00x63.0x1.28x-21.4x-25.6x-2.18x-0.20x
Manpower4–––6.31x11.4x10.3x3.96x7.76x
Dairy–––––––––
Pharma–––––––––

Car rental companies buy their fleets inside operating cash flow, so their cash-flow ratios can be negative.

Industry averages from the companies' audited annual reports. A dash means the figure is not available yet.