What to expect from Aldawaa’s Q3 2024 earnings?
In this report, Argaam highlights the expected results of Aldawaa Medical Services Co. for the third quarter of 2024, as well as its key events, sales, earnings, and performance indicators.
The third-quarter revenue is forecast to rise by 8.38% year-on-year (YoY) to SAR 1.55 billion.
Quarter Revenue Changes (M Riyal)
Item | Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 (Average Estimate) |
---|---|---|---|---|---|
Sales | 1,438.95 | 1,458.09 | 1,516.42 | 1,586.27 | 1,559.60 |
Change % | 9.93% | (0.01%) | 7.73% | 10.41% | 8.38% |
Quarter Net Income Changes (M Riyal)
Item | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 (Average Estimate) |
---|---|---|---|---|---|
Net Income | 71.28 | 92.35 | 95.33 | 95.88 | 86.63 |
Extraordinary income/expense | 0.00 | 0.00 | 0.00 | 0.00 | - |
Net Profit Before Unusual Items | 71.28 | 92.35 | 95.33 | 95.88 | - |
EPS Before Unusual Items (Riyal/Share) | 0.84 | 1.09 | 1.12 | 1.13 | 1.02 |
Key Events in Q3 2024
The company’s board of directors decided to distribute cash dividends to shareholders at 6.25% of the capital (SAR 0.625 per share) for the first quarter of 2024.
Quarterly Profit and Revenue (M Riyal)
Average Estimates
Aldawaa’s net profit is expected to rise in Q3 2024 by 21.5% to SAR 86.6 million from SAR 71.3 million in Q3 2023, according to estimates by six research firms.
Quarterly Actuals vs Estimates (M Riyal)
Average Estimate (M Riyal)
Analyst | Million Riyals |
---|---|
Osool and Bakheet Investment Co. | 100.69 |
United Securities Company | 88.00 |
JP Morgan | 86.00 |
Riyad Capital | 83.00 |
SNB Capital Company | 82.10 |
EFG-Hermes KSA | 80.00 |
Average | 86.63 |
Net Profit Before Unusual Items (2023 - Q3) | 71.28 |
Change % | 21.53% |
Performance and Profitability Indicators
The following table shows the stock performance and P/E ratio as well as the earnings per share trailing 12 months (TTM) and year to date (YTD):
Stock Performance
Item | The Company | TASI |
---|---|---|
YTD | (11.10 %) | 0.21 % |
Change(12M) | (35.70 %) | 15.06 % |
Previous Close | 88.80 | 12,062.09 |
P/E adjusted (x) | 21.27 | 25.51 |
EPS (TTM) before unusual items (SAR/Share) | 4.17 | - |
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Valuation Data (Latest Share Price)
P/E (TTM) | 16.52 |
P/E Before Unusual Items (TTM) | 16.52 |
P/BV | 4.19 |
Dividend Yield | 2.36 % |
Market Cap. (M) | 5,924.50 |
Return on Average Assets | 7.50 % |
Return on Average Equity | 12.01 % |
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