Future Care profit slumps 86% to SAR 5.1 mln in 2022

29/03/2023 Argaam Exclusive

Future Care Trading Co. reported an 86% tumble in 2022 net profit to SAR 5.1 million, from SAR 36.7 million in 2021.



Financials (M)

Item 2021 2022 Change‬
Revenues 72.03 34.13 (52.6 %)
Gross Income 42.32 12.24 (71.1 %)
Operating Income 38.27 5.77 (84.9 %)
Net Income 36.70 5.13 (86.0 %)
Average Shares 500.00 500.00 -
EPS (Halala) 7.34 1.03 (86.0 %)

The company reported a decrease in revenue due to lower number of home visits compared to 2021, due to the end of the COVID-19 precautionary measures. This was offset by a drop in costs, but by a slower pace than revenue.

 

Future Care incurred costs of opening branches in Riyadh and Eastern Region - in the cities of Dammam, Al Khobar, Dhahran, Qatif and Jubail. This came as part of its expansion plans, the impact of which is expected to start from 2024.

 

The company allocated a provision for receivables of SAR 1.93 million against expected credit losses on receivables.



Current Half Annual Comparison (M)

Compared With The
Item H2 2021 H2 2022 Change‬
Revenues 30.95 19.09 (38.3 %)
Gross Income 16.01 3.98 (75.1 %)
Operating Income 18.15 0.94 (94.8 %)
Net Income 16.65 0.36 (97.9 %)
Average Shares 500.00 500.00 -
EPS (Halala) 3.33 0.07 (97.9 %)

Shareholders’ equity, no minority interest, rose to SAR 58.47 million as of Dec. 31, 2022, from SAR 53.70 million a year earlier.

View more financial results

 

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Share Price

Future Care Trading Co.
10.60
0.20 1.92 %

Future Care Trading Co. (FUTURE CARE)

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Financial Ratios
Current
Market Cap (M Riyal) 5,300.00
Enterprise Value (EV) (M) 5,249.01
Shares Outstanding ((M)) 500.00
Book Value (BV) ( Riyal) 0.15
Par Value ( Halala) 10.00
Adjusted P/E (Last12) More than 100
Price/book 71.97
more


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
H1 2013 - - - - - -
H2 2013 - - - - - -
H1 2014 - - - - - -
H2 2014 - - - - - -
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 - - - - - -
H2 2019 - - - - - -
H1 2020 - - - - - -
H2 2020 - - - - - -
H1 2021 41.07 - 26.31 - 20.12 -
H2 2021 30.95 - 16.01 - 18.15 -
H1 2022 15.04 (63.4 %) 8.25 (68.6 %) 4.83 (76.0 %)
H2 2022 19.09 (38.3 %) 3.98 (75.1 %) 0.94 (94.8 %)
2022 34.13 (52.6 %) 12.24 (71.1 %) 5.77 (84.9 %)


Profit Performance (Million)

Period Net Income Change EPS(Halala) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
H1 2013 - - - - - -
H2 2013 - - - - - -
H1 2014 - - - - - -
H2 2014 - - - - - -
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 - - - - - -
H2 2019 - - - - - -
H1 2020 - - - - - -
H2 2020 - - - - - -
H1 2021 20.06 - 4.01 - 20.06 0.04
H2 2021 16.65 - 3.33 - 16.65 0.03
H1 2022 4.77 (76.2 %) 0.95 - 4.77 0.01
H2 2022 0.36 (97.9 %) 0.07 - 0.36 0.00
2022 5.13 (86.0 %) 1.03 - 5.13 0.01

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
H1 2013 - - -
H2 2013 - - -
H1 2014 - - -
H2 2014 - - -
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 - - -
H1 2021 - - -
H2 2021 58.75 % 55.22 % 50.95 %
H1 2022 52.76 % 52.73 % 46.57 %
H2 2022 35.86 % 21.78 % 15.02 %
2022 35.86 % 21.78 % 15.02 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Halala) Adjusted EPS (Halala) Book Value (BV)
H1 2013 - - - -
H2 2013 - - - -
H1 2014 - - - -
H2 2014 - - - -
H1 2015 - - - -
H2 2015 - - - -
H1 2016 - - - -
H2 2016 - - - -
H1 2017 - - - -
H2 2017 - - - -
H1 2018 - - - -
H2 2018 - - - -
H1 2019 - - - -
H2 2019 - - - -
H1 2020 - - - -
H2 2020 - - - -
H1 2021 500.00 - - 0.07
H2 2021 500.00 7.34 7.34 0.11
H1 2022 500.00 4.28 4.28 0.12
H2 2022 500.00 1.03 1.03 0.12

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
H1 2013 - - -
H2 2013 - - -
H1 2014 - - -
H2 2014 - - -
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 - - -
H1 2021 - - -
H2 2021 - - -
H1 2022 - - -
H2 2022 More than 100 More than 100 20.01

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