Astra net profit surges to SAR 388.7 mln in 9M 2022, Q3 at SAR 70.9 mln

02/11/2022 Argaam Exclusive

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Astra Industrial Group reported a net profit after Zakat and tax of SAR 388.7 million in the first nine months of 2022, a 158% increase compared to SAR 150.6 million in the year-ago period.

Financials (M)

Item	9m 2021	9m 2022	Change‬
Revenues	1,739.62	1,865.13	7.2 %
Gross Income	706.56	719.58	1.8 %
Operating Income	260.08	263.22	1.2 %
Net Income	150.58	388.65	158.1 %
Average Shares	80.00	80.00	-
EPS (Riyals)	1.88	4.86	158.1 %

The profit increase was driven by gains on discontinued operation, lower other expenses in the pharmaceuticals segment, higher sales and gross profit in the specialty chemical and pharmaceuticals segments and lower provision for impairment of financial assets.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2021	Q3 2022	Change‬
Revenues	611.99	622.07	1.6 %
Gross Income	243.18	219.94	(9.6 %)
Operating Income	71.85	76.51	6.5 %
Net Income	45.37	70.87	56.2 %
Average Shares	80.00	80.00	-
EPS (Riyals)	0.57	0.89	56.2 %

Item	Q2 2022	Q3 2022	Change‬
Revenues	608.54	622.07	2.2 %
Gross Income	225.76	219.94	(2.6 %)
Operating Income	91.40	76.51	(16.3 %)
Net Income	243.10	70.87	(70.8 %)
Average Shares	80.00	80.00	-
EPS (Riyals)	3.04	0.89	(70.8 %)

In Q3 2022, the net profit after Zakat and tax saw a 56% increase to SAR 70.9 million, from SAR 45.4 million in the year before.

Sequentially the company’s net profit fell 70.8% from SAR 243.1 million in Q2 2022.

Shareholders’ equity, excluding minority interest, grew to SAR 1.715 billion as of Sept. 30, 2022, from SAR 1.395 billion in the year-earlier period.

View More Financial Results

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
Q1 2013	454.19	16.0 %	174.40	12.1 %	68.32	6.6 %	0.85
Q2 2013	447.54	18.7 %	178.71	14.9 %	61.72	(9.9 %)	0.77
Q3 2013	360.22	13.3 %	157.84	3.3 %	50.69	8.7 %	0.63
Q4 2013	509.48	24.3 %	169.90	10.3 %	72.41	14.1 %	0.91
2013	1,771.43	18.4 %	683.81	10.7 %	253.14	4.3 %	3.16
Q1 2014	498.90	9.8 %	184.96	6.1 %	63.06	(7.7 %)	0.79
Q2 2014	453.23	1.3 %	136.47	(23.6 %)	3.07	(95.0 %)	0.04
Q3 2014	439.81	22.1 %	125.94	(20.2 %)	17.91	(64.7 %)	0.22
Q4 2014	491.79	(3.5 %)	158.77	(6.5 %)	25.72	(64.5 %)	0.32
2014	1,918.81	8.3 %	604.63	(11.6 %)	109.33	(56.8 %)	1.37
Q1 2015	489.36	(1.9 %)	181.61	(1.8 %)	42.11	(33.2 %)	0.53
Q2 2015	461.99	1.9 %	162.98	19.4 %	20.10	554.8 %	0.25
Q3 2015	381.83	(13.2 %)	130.00	3.2 %	9.46	(47.2 %)	0.12
Q4 2015	422.92	(14.0 %)	107.80	(32.1 %)	(65.19)	(353.4 %)	(0.81)
2015	1,760.09	(8.3 %)	585.75	(3.1 %)	6.71	(93.9 %)	0.08
Q1 2016	503.31	2.9 %	224.54	23.6 %	12.80	(69.6 %)	0.16
Q2 2016	444.56	(3.8 %)	190.17	16.7 %	(10.60)	(152.8 %)	(0.13)
Q3 2016	389.16	1.9 %	180.23	38.6 %	(25.34)	(367.9 %)	(0.32)
Q4 2016	404.48	(4.4 %)	185.42	72.0 %	(70.80)	(8.6 %)	(0.88)
2016	1,741.51	(1.1 %)	780.36	33.2 %	(93.94)	(1499.4 %)	(1.17)
Q1 2017	512.43	1.8 %	220.92	(1.6 %)	19.74	54.3 %	0.25
Q2 2017	428.52	(3.6 %)	198.92	4.6 %	7.00	166.0 %	0.09
Q3 2017	398.37	2.4 %	171.28	(5.0 %)	2.58	110.2 %	0.03
Q4 2017	456.35	12.8 %	165.46	(10.8 %)	28.88	140.8 %	0.36
2017	1,795.67	3.1 %	756.58	(3.0 %)	58.20	161.9 %	0.73
Q1 2018	476.82	(6.9 %)	191.50	(13.3 %)	25.53	29.3 %	0.32
Q2 2018	436.40	1.8 %	184.86	(7.1 %)	16.08	129.8 %	0.20
Q3 2018	405.35	1.8 %	149.35	(12.8 %)	(26.87)	(1141.9 %)	(0.34)
Q4 2018	478.34	4.8 %	186.25	12.6 %	7.73	(73.2 %)	0.10
2018	1,796.90	0.1 %	711.95	(5.9 %)	22.48	(61.4 %)	0.28
Q1 2019	470.18	(1.4 %)	187.63	(2.0 %)	8.91	(65.1 %)	0.11
Q2 2019	493.41	13.1 %	209.98	13.6 %	15.78	(1.9 %)	0.20
Q3 2019	447.16	10.3 %	161.80	8.3 %	(14.63)	45.6 %	(0.18)
Q4 2019	456.36	(4.6 %)	178.94	(3.9 %)	19.64	153.9 %	0.25
2019	1,867.11	3.9 %	738.35	3.7 %	29.70	32.1 %	0.37
Q1 2020	509.51	8.4 %	207.17	10.4 %	34.09	282.8 %	0.43
Q2 2020	441.51	(10.5 %)	165.76	(21.1 %)	24.22	53.5 %	0.30
Q3 2020	433.83	(3.0 %)	179.38	10.9 %	19.20	231.3 %	0.24
Q4 2020	663.02	45.3 %	250.32	39.9 %	37.92	93.1 %	0.47
2020	2,047.88	9.7 %	802.62	8.7 %	115.44	288.8 %	1.44
Q1 2021	594.55	16.7 %	258.01	24.5 %	50.61	48.4 %	0.63
Q2 2021	533.09	20.7 %	205.37	23.9 %	54.60	125.4 %	0.68
Q3 2021	611.99	41.1 %	243.18	35.6 %	45.37	136.3 %	0.57
Q4 2021	590.58	(10.9 %)	187.97	(24.9 %)	51.79	36.6 %	0.65
2021	2,330.20	13.8 %	894.53	11.5 %	202.37	75.3 %	2.53
Q1 2022	634.52	6.7 %	273.88	6.1 %	74.69	47.6 %	0.93
Q2 2022	608.54	14.2 %	225.76	9.9 %	243.10	345.2 %	3.04
Q3 2022	622.07	1.6 %	219.94	(9.6 %)	70.87	56.2 %	0.89

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2012	1,496.32	8.3 %	617.92	12.4 %	242.66	(2.2 %)	3.03
2013	1,771.43	18.4 %	683.81	10.7 %	253.14	4.3 %	3.16
2014	1,918.81	8.3 %	604.63	(11.6 %)	109.33	(56.8 %)	1.37
2015	1,760.09	(8.3 %)	585.75	(3.1 %)	6.71	(93.9 %)	0.08
2016	1,741.51	(1.1 %)	780.36	33.2 %	(93.94)	(1499.4 %)	(1.17)
2017	1,795.67	3.1 %	756.58	(3.0 %)	58.20	161.9 %	0.73
2018	1,796.90	0.1 %	711.95	(5.9 %)	22.48	(61.4 %)	0.28
2019	1,867.11	3.9 %	738.35	3.7 %	29.70	32.1 %	0.37
2020	2,047.88	9.7 %	802.62	8.7 %	115.44	288.8 %	1.44
2021	2,330.20	13.8 %	894.53	11.5 %	202.37	75.3 %	2.53

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2013	40.85 %	14.76 %	15.84 %
Q2 2013	40.50 %	13.92 %	14.74 %
Q3 2013	39.77 %	13.56 %	14.60 %
Q4 2013	38.44 %	13.31 %	14.29 %
2013	38.60 %	13.31 %	14.29 %
Q1 2014	38.07 %	13.64 %	13.65 %
Q2 2014	35.63 %	11.75 %	10.39 %
Q3 2014	32.46 %	10.54 %	8.23 %
Q4 2014	32.18 %	9.87 %	5.83 %
2014	31.51 %	9.22 %	5.70 %
Q1 2015	32.16 %	9.69 %	4.74 %
Q2 2015	33.42 %	10.59 %	5.62 %
Q3 2015	34.71 %	10.53 %	5.34 %
Q4 2015	33.16 %	7.75 %	0.37 %
2015	33.28 %	7.88 %	0.38 %
Q1 2016	35.33 %	7.68 %	(1.29 %)
Q2 2016	37.23 %	7.90 %	(3.05 %)
Q3 2016	39.93 %	9.51 %	(5.02 %)
Q4 2016	44.81 %	12.07 %	(5.39 %)
2016	44.81 %	12.07 %	(5.39 %)
Q1 2017	44.37 %	11.60 %	(5.63 %)
Q2 2017	45.28 %	11.49 %	(5.26 %)
Q3 2017	44.53 %	10.40 %	(4.33 %)
Q4 2017	42.13 %	10.71 %	1.34 %
2017	42.13 %	10.71 %	1.34 %
Q1 2018	41.31 %	10.61 %	2.36 %
Q2 2018	40.33 %	11.14 %	3.43 %
Q3 2018	38.94 %	10.18 %	2.46 %
Q4 2018	39.62 %	11.54 %	1.25 %
2018	39.62 %	11.54 %	1.25 %
Q1 2019	39.55 %	12.17 %	0.33 %
Q2 2019	39.69 %	13.73 %	0.30 %
Q3 2019	39.47 %	14.92 %	0.94 %
Q4 2019	39.55 %	14.92 %	4.84 %
2019	39.55 %	14.92 %	4.84 %
Q1 2020	39.75 %	15.29 %	6.06 %
Q2 2020	38.48 %	14.62 %	6.68 %
Q3 2020	39.72 %	14.86 %	8.57 %
Q4 2020	39.19 %	14.75 %	5.64 %
2020	39.19 %	14.75 %	5.64 %
Q1 2021	40.01 %	16.62 %	6.19 %
Q2 2021	40.15 %	17.24 %	7.30 %
Q3 2021	39.83 %	17.76 %	7.85 %
Q4 2021	38.39 %	18.04 %	8.68 %
2021	38.39 %	18.04 %	8.68 %
Q1 2022	38.41 %	16.67 %	9.55 %
Q2 2022	38.06 %	16.85 %	9.90 %
Q3 2022	36.96 %	16.82 %	10.90 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2012	41.30 %	15.09 %	16.22 %
2013	38.60 %	13.31 %	14.29 %
2014	31.51 %	9.22 %	5.70 %
2015	33.28 %	7.88 %	0.38 %
2016	44.81 %	12.07 %	(5.39 %)
2017	42.13 %	10.71 %	1.34 %
2018	39.62 %	11.54 %	1.25 %
2019	39.55 %	14.92 %	4.84 %
2020	39.19 %	14.75 %	5.64 %
2021	38.39 %	18.04 %	8.68 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2013	38.40 %	15.12 %	15.04 %
Q2 2013	39.93 %	12.52 %	13.79 %
Q3 2013	43.82 %	13.16 %	14.07 %
Q4 2013	33.35 %	12.49 %	14.21 %
Q1 2014	37.07 %	16.17 %	12.64 %
Q2 2014	30.11 %	4.94 %	0.68 %
Q3 2014	28.64 %	7.68 %	4.07 %
Q4 2014	32.28 %	9.99 %	5.23 %
Q1 2015	37.11 %	15.57 %	8.60 %
Q2 2015	35.28 %	8.73 %	4.35 %
Q3 2015	34.05 %	6.94 %	2.48 %
Q4 2015	25.49 %	(1.65 %)	(15.42 %)
Q1 2016	44.61 %	15.11 %	2.54 %
Q2 2016	42.78 %	9.63 %	(2.38 %)
Q3 2016	46.31 %	14.27 %	(6.51 %)
Q4 2016	45.84 %	8.85 %	(17.50 %)
Q1 2017	43.11 %	13.44 %	1.58 %
Q2 2017	46.42 %	9.14 %	(0.73 %)
Q3 2017	43.00 %	9.44 %	(2.45 %)
Q4 2017	36.26 %	10.22 %	6.33 %
Q1 2018	40.16 %	13.29 %	5.35 %
Q2 2018	42.36 %	11.28 %	3.69 %
Q3 2018	36.84 %	5.27 %	(6.63 %)
Q4 2018	38.94 %	15.33 %	1.62 %
Q1 2019	39.90 %	15.74 %	1.89 %
Q2 2019	42.56 %	17.21 %	3.20 %
Q3 2019	36.18 %	11.11 %	(3.27 %)
Q4 2019	39.21 %	15.34 %	17.58 %
Q1 2020	40.66 %	17.07 %	6.69 %
Q2 2020	37.54 %	14.62 %	5.49 %
Q3 2020	41.35 %	12.00 %	4.43 %
Q4 2020	37.75 %	14.86 %	5.72 %
Q1 2021	43.40 %	23.45 %	8.51 %
Q2 2021	38.52 %	17.53 %	10.24 %
Q3 2021	39.74 %	15.57 %	7.41 %
Q4 2021	31.83 %	15.59 %	8.77 %
Q1 2022	43.16 %	18.02 %	11.77 %
Q2 2022	37.10 %	18.13 %	11.55 %
Q3 2022	35.36 %	15.46 %	11.39 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2013	80.00	3.09	3.09	23.94
Q2 2013	80.00	3.00	3.00	22.92
Q3 2013	80.00	3.05	3.05	23.18
Q4 2013	80.00	3.16	3.16	23.68
Q1 2014	80.00	3.10	3.10	24.43
Q2 2014	80.00	2.37	2.37	22.82
Q3 2014	80.00	1.96	1.96	22.99
Q4 2014	80.00	1.37	1.37	23.08
Q1 2015	80.00	1.11	1.11	23.53
Q2 2015	80.00	1.32	1.32	22.71
Q3 2015	80.00	1.22	1.22	22.19
Q4 2015	80.00	0.08	0.08	21.46
Q1 2016	80.00	(0.29)	(0.29)	21.65
Q2 2016	80.00	(0.67)	(0.67)	21.78
Q3 2016	80.00	(1.10)	(1.10)	21.78
Q4 2016	80.00	(1.17)	(1.17)	15.43
Q1 2017	80.00	(1.09)	(1.23)	15.62
Q2 2017	80.00	(0.87)	(1.14)	15.28
Q3 2017	80.00	(0.52)	(0.94)	15.21
Q4 2017	80.00	0.73	0.30	15.40
Q1 2018	80.00	0.80	0.52	14.11
Q2 2018	80.00	0.91	0.76	13.80
Q3 2018	80.00	0.55	0.55	13.40
Q4 2018	80.00	0.28	0.28	13.23
Q1 2019	80.00	0.07	0.07	13.38
Q2 2019	80.00	0.07	0.07	13.63
Q3 2019	80.00	0.22	0.22	13.40
Q4 2019	80.00	0.37	1.13	15.19
Q1 2020	80.00	0.69	1.44	15.49
Q2 2020	80.00	0.79	1.55	15.72
Q3 2020	80.00	1.21	1.97	15.98
Q4 2020	80.00	1.44	1.44	16.57
Q1 2021	80.00	1.65	1.65	17.05
Q2 2021	80.00	2.03	2.03	16.90
Q3 2021	80.00	2.36	2.36	17.44
Q4 2021	80.00	2.53	2.53	18.15
Q1 2022	80.00	2.83	2.83	19.08
Q2 2022	80.00	5.19	3.03	20.56
Q3 2022	80.00	5.51	3.35	21.44

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2012	80.00	3.03	3.03	23.03
2013	80.00	3.16	3.16	23.68
2014	80.00	1.37	1.37	23.08
2015	80.00	0.08	0.08	21.46
2016	80.00	(1.17)	(1.17)	15.43
2017	80.00	0.73	0.30	15.40
2018	80.00	0.28	0.28	13.23
2019	80.00	0.37	1.13	15.19
2020	80.00	1.44	1.44	16.57
2021	80.00	2.53	2.53	18.15

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2013	12.18	12.18	1.57
Q2 2013	13.79	13.79	1.81
Q3 2013	13.83	13.83	1.82
Q4 2013	15.51	15.51	2.07
Q1 2014	18.15	18.15	2.30
Q2 2014	21.57	21.57	2.24
Q3 2014	24.30	24.30	2.07
Q4 2014	21.27	21.27	1.26
Q1 2015	26.98	26.98	1.27
Q2 2015	24.44	24.44	1.42
Q3 2015	19.14	19.14	1.05
Q4 2015	More than 100	More than 100	0.92
Q1 2016	NEG	NEG	0.69
Q2 2016	NEG	NEG	0.75
Q3 2016	NEG	NEG	0.62
Q4 2016	NEG	NEG	1.11
Q1 2017	NEG	NEG	1.06
Q2 2017	NEG	NEG	1.01
Q3 2017	NEG	NEG	1.10
Q4 2017	21.95	53.03	1.04
Q1 2018	20.87	32.17	1.18
Q2 2018	21.02	25.30	1.39
Q3 2018	31.58	31.58	1.29
Q4 2018	58.37	58.37	1.24
Q1 2019	More than 100	More than 100	1.20
Q2 2019	More than 100	More than 100	1.12
Q3 2019	69.34	69.34	1.15
Q4 2019	41.44	13.63	1.01
Q1 2020	20.99	9.98	0.93
Q2 2020	23.80	12.16	1.20
Q3 2020	19.93	12.27	1.51
Q4 2020	17.81	17.81	1.55
Q1 2021	17.61	17.61	1.70
Q2 2021	24.32	24.32	2.92
Q3 2021	17.82	17.82	2.41
Q4 2021	15.73	15.73	2.19
Q1 2022	16.48	16.48	2.45
Q2 2022	8.97	15.38	2.26
Q3 2022	9.34	15.36	2.40

Period	P/E	Adjusted P/E	Price/book
2012	11.90	11.90	1.57
2013	15.51	15.51	2.07
2014	21.36	21.36	1.26
2015	More than 100	More than 100	0.92
2016	NEG	NEG	1.11
2017	21.95	53.03	1.04
2018	58.38	58.38	1.24
2019	41.43	13.63	1.01
2020	17.81	17.81	1.55
2021	15.73	15.73	2.19

Business Segments (Million)

Compared With The

Period	Pharmaceuticals	Specialty chemicals	Energy and steel industries	Other
Q1 2013	214.39	165.59	74.22	-
Q2 2013	205.41	157.70	84.42	-
Q3 2013	189.95	114.84	55.43	-
Q4 2013	258.27	115.01	136.20	-
Q1 2014	243.34	161.19	94.37	-
Q2 2014	207.26	144.23	101.73	-
Q3 2014	207.18	127.15	105.48	-
Q4 2014	268.21	154.23	104.43	-
Q1 2015	204.31	178.44	106.61	-
Q2 2015	248.39	143.08	70.51	-
Q3 2015	186.53	134.45	60.85	-
Q4 2015	196.59	136.58	93.75	-
Q1 2016	254.25	182.79	66.27	-
Q2 2016	214.90	166.52	63.14	-
Q3 2016	204.22	119.43	65.51	-
Q4 2016	220.50	131.57	52.41	-
Q1 2017	224.63	202.84	84.97	-
Q2 2017	198.23	142.49	86.79	1.00
Q3 2017	184.52	136.02	74.55	3.28
Q4 2017	214.07	168.68	68.61	4.99
Q1 2018	225.54	183.10	62.31	5.87
Q2 2018	210.02	167.66	52.84	5.87
Q3 2018	191.43	164.03	43.31	6.58
Q4 2018	243.10	189.82	38.81	6.60
Q1 2019	238.47	173.84	49.47	8.41
Q2 2019	249.12	191.70	44.32	8.27
Q3 2019	217.10	161.65	61.32	7.09
Q4 2019	218.28	165.93	63.07	9.08
Q1 2020	263.21	204.69	33.06	8.55
Q2 2020	213.49	205.61	16.04	6.37
Q3 2020	200.76	191.48	33.01	8.58
Q4 2020	386.24	199.77	68.88	8.13
Q1 2021	257.42	269.74	59.74	7.64
Q2 2021	229.64	232.73	61.88	8.84
Q3 2021	262.72	221.80	117.50	9.97
Q4 2021	239.98	251.89	88.06	10.64
Q1 2022	288.07	279.35	59.55	7.55
Q2 2022	255.02	277.93	66.64	8.96
Q3 2022	260.87	241.06	111.13	9.00

Period	Pharmaceuticals	Specialty chemicals	Energy and steel industries	Other
2012	655.95	546.83	293.55	-
2013	868.02	553.14	350.26	-
2014	925.99	586.81	406.00	-
2015	835.83	592.55	331.72	-
2016	893.86	600.32	247.33	-
2017	821.45	650.03	314.91	9.27
2018	870.10	704.61	197.27	24.92
2019	922.97	693.11	218.19	32.85
2020	1,063.71	801.55	150.99	31.63
2021	989.77	976.16	327.18	37.09

Financial Ratios

	Current
Market Cap (M Riyal)	13,008.00
Enterprise Value (EV) (M)	12,268.13
Shares Outstanding ((M))	80.00
EPS ( Riyal) (TTM)	6.28
Book Value (BV) ( Riyal)	28.53
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	25.90
P/E (TTM)	25.90
Price/book	5.70
Return on Average Assets (%) (TTM)	12.4
Return on Average Equity (%) (TTM)	23.6

Astra Industrial Group (ASTRA INDUSTRIAL)

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Astra net profit surges to SAR 388.7 mln in 9M 2022, Q3 at SAR 70.9 mln

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Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million)

Revenue by Business Segment (Latest) 2022 Q3

Financial Ratios

Share Price

Astra Industrial Group (ASTRA INDUSTRIAL)

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Astra net profit surges to SAR 388.7 mln in 9M 2022, Q3 at SAR 70.9 mln

View other reports

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q3 2022

Revenue by Business Segment (Latest) 2022 Q3

Financial Ratios

Share Price

Astra Industrial Group (ASTRA INDUSTRIAL)

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Business Segments (Million)