Alamar’s H1 2022 net profit rises 10% to SAR 66.8 mln; Q2 at SAR 23.6 mln

Alamar Foods Co. reported a net profit after Zakat and tax of SAR 66.8 million in H1 2022, an increase of 10%, compared to SAR 60.9 million in the prior-year period.

Financials (M)

Item	6m 2021	6m 2022	Change‬
Revenues	401.65	526.95	31.2 %
Gross Income	142.35	184.24	29.4 %
Operating Income	61.93	72.25	16.7 %
Net Income	61.91	67.22	8.6 %
Average Shares	25.50	25.50	-
EPS (Riyals)	2.43	2.64	8.6 %

This was triggered by the significant growth in sales, partially offset by the increase in the costs of raw materials as well as some expenses that are related to the second quarter only.

The company’s Q2 2022 net profit after Zakat and tax dropped 8% to SAR 23.6 million from SAR 25.66 million a year earlier, driven by higher costs of raw materials and increased expenses related to the three-month period.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2021	Q2 2022	Change‬
Revenues	197.51	255.98	29.6 %
Gross Income	65.42	85.36	30.5 %
Operating Income	26.31	27.00	2.6 %
Net Income	25.51	23.98	(6.0 %)
Average Shares	25.50	25.50	-
EPS (Riyals)	1.00	0.94	(6.0 %)

Item	Q1 2022	Q2 2022	Change‬
Revenues	270.97	255.98	(5.5 %)
Gross Income	98.88	85.36	(13.7 %)
Operating Income	45.26	27.00	(40.3 %)
Net Income	43.24	23.98	(44.5 %)
Average Shares	25.50	25.50	-
EPS (Riyals)	1.70	0.94	(44.5 %)

On a sequential basis, net profit dropped by 45.3%, impacted by the seasonality factors due to Ramadan.

Total shareholders’ equity, excluding minority interest, stood at SAR 345.991 million by the end of H1 2022, compared to SAR 281.813 million in the year-earlier period.

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Share Price

Alamar Foods Co. (ALAMAR)

	Current
Market Cap (M Riyal)	1,894.65
Enterprise Value (EV) (M)	1,772.25
Shares Outstanding ((M))	25.50
EPS ( Riyal) (TTM)	0.86
Book Value (BV) ( Riyal)	11.48
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	More than 100
P/E (TTM)	More than 100
Price/book	6.47
Return on Average Assets (%) (TTM)	3.1
Return on Average Equity (%) (TTM)	7.0

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2013	-	-	-	-	-	-
Q2 2013	-	-	-	-	-	-
Q3 2013	-	-	-	-	-	-
Q4 2013	-	-	-	-	-	-
2013	-	-	-	-	-	-
Q1 2014	-	-	-	-	-	-
Q2 2014	-	-	-	-	-	-
Q3 2014	-	-	-	-	-	-
Q4 2014	-	-	-	-	-	-
2014	-	-	-	-	-	-
Q1 2015	-	-	-	-	-	-
Q2 2015	-	-	-	-	-	-
Q3 2015	-	-	-	-	-	-
Q4 2015	-	-	-	-	-	-
2015	-	-	-	-	-	-
Q1 2016	-	-	-	-	-	-
Q2 2016	-	-	-	-	-	-
Q3 2016	-	-	-	-	-	-
Q4 2016	-	-	-	-	-	-
2016	-	-	-	-	-	-
Q1 2017	-	-	-	-	-	-
Q2 2017	-	-	-	-	-	-
Q3 2017	-	-	-	-	-	-
Q4 2017	-	-	-	-	-	-
2017	-	-	-	-	-	-
Q1 2018	-	-	-	-	-	-
Q2 2018	-	-	-	-	-	-
Q3 2018	-	-	-	-	-	-
Q4 2018	-	-	-	-	-	-
2018	375.16	-	100.17	-	(1.82)	-
Q1 2019	-	-	-	-	-	-
Q2 2019	-	-	-	-	-	-
Q3 2019	-	-	-	-	-	-
Q4 2019	-	-	-	-	-	-
2019	590.97	57.5 %	165.27	65.0 %	7.65	520.9 %
Q1 2020	167.21	-	45.85	-	5.77	-
Q2 2020	112.93	-	22.29	-	(8.05)	-
Q3 2020	205.22	-	82.31	-	43.27	-
Q4 2020	210.08	-	80.31	-	24.12	-
2020	695.45	17.7 %	230.75	39.6 %	65.11	751.3 %
Q1 2021	204.15	22.1 %	76.93	67.8 %	35.62	517.7 %
Q2 2021	197.51	74.9 %	65.42	193.5 %	26.31	426.7 %
Q3 2021	220.80	7.6 %	75.45	(8.3 %)	29.92	(30.9 %)
Q4 2021	245.69	16.9 %	89.30	11.2 %	34.67	43.8 %
2021	868.14	24.8 %	307.10	33.1 %	126.52	94.3 %
Q1 2022	270.97	32.7 %	98.88	28.5 %	45.26	27.0 %
Q2 2022	255.98	29.6 %	85.36	30.5 %	27.00	2.6 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2012	-	-	-	-	-	-
2013	-	-	-	-	-	-
2014	-	-	-	-	-	-
2015	-	-	-	-	-	-
2016	-	-	-	-	-	-
2017	-	-	-	-	-	-
2018	375.16	-	100.17	-	(1.82)	-
2019	590.97	57.5 %	165.27	65.0 %	7.65	520.9 %
2020	695.45	17.7 %	230.75	39.6 %	65.11	751.3 %
2021	868.14	24.8 %	307.10	33.1 %	126.52	94.3 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2013	-	-	-	-	-	-
Q2 2013	-	-	-	-	-	-
Q3 2013	-	-	-	-	-	-
Q4 2013	-	-	-	-	-	-
2013	-	-	-	-	-	-
Q1 2014	-	-	-	-	-	-
Q2 2014	-	-	-	-	-	-
Q3 2014	-	-	-	-	-	-
Q4 2014	-	-	-	-	-	-
2014	-	-	-	-	-	-
Q1 2015	-	-	-	-	-	-
Q2 2015	-	-	-	-	-	-
Q3 2015	-	-	-	-	-	-
Q4 2015	-	-	-	-	-	-
2015	-	-	-	-	-	-
Q1 2016	-	-	-	-	-	-
Q2 2016	-	-	-	-	-	-
Q3 2016	-	-	-	-	-	-
Q4 2016	-	-	-	-	-	-
2016	-	-	-	-	-	-
Q1 2017	-	-	-	-	-	-
Q2 2017	-	-	-	-	-	-
Q3 2017	-	-	-	-	-	-
Q4 2017	-	-	-	-	-	-
2017	-	-	-	-	-	-
Q1 2018	-	-	-	-	-	-
Q2 2018	-	-	-	-	-	-
Q3 2018	-	-	-	-	-	-
Q4 2018	-	-	-	-	-	-
2018	(27.66)	-	(1.08)	(22.50)	(5.16)	(0.20)
Q1 2019	-	-	-	-	-	-
Q2 2019	-	-	-	-	-	-
Q3 2019	-	-	-	-	-	-
Q4 2019	-	-	-	-	-	-
2019	15.55	156.2 %	0.61	11.65	3.89	0.15
Q1 2020	2.98	-	0.12	-	2.98	0.12
Q2 2020	(10.81)	-	(0.42)	-	(10.81)	(0.42)
Q3 2020	40.85	-	1.60	-	40.85	1.60
Q4 2020	23.26	-	0.91	-	23.26	0.91
2020	56.28	262.0 %	2.21	-	56.28	2.21
Q1 2021	36.39	1122.8 %	1.43	-	36.39	1.43
Q2 2021	25.51	336.0 %	1.00	-	25.51	1.00
Q3 2021	25.49	(37.6 %)	1.00	-	25.49	1.00
Q4 2021	31.19	34.1 %	1.22	-	31.19	1.22
2021	118.59	110.7 %	4.65	-	118.59	4.65
Q1 2022	43.24	18.8 %	1.70	-	43.24	1.70
Q2 2022	23.98	(6.0 %)	0.94	-	23.98	0.94

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2012	-	-	-	-	-	-
2013	-	-	-	-	-	-
2014	-	-	-	-	-	-
2015	-	-	-	-	-	-
2016	-	-	-	-	-	-
2017	-	-	-	-	-	-
2018	(27.66)	-	(1.08)	(22.50)	(5.16)	(0.20)
2019	15.55	156.2 %	0.61	11.65	3.89	0.15
2020	56.28	262.0 %	2.21	-	56.28	2.21
2021	118.59	110.7 %	4.65	-	118.59	4.65

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2013	-	-	-
Q2 2013	-	-	-
Q3 2013	-	-	-
Q4 2013	-	-	-
2013	-	-	-
Q1 2014	-	-	-
Q2 2014	-	-	-
Q3 2014	-	-	-
Q4 2014	-	-	-
2014	-	-	-
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
2015	-	-	-
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
2016	-	-	-
Q1 2017	-	-	-
Q2 2017	-	-	-
Q3 2017	-	-	-
Q4 2017	-	-	-
2017	-	-	-
Q1 2018	-	-	-
Q2 2018	-	-	-
Q3 2018	-	-	-
Q4 2018	-	-	-
2018	26.70 %	8.56 %	(1.37 %)
Q1 2019	-	-	-
Q2 2019	-	-	-
Q3 2019	-	-	-
Q4 2019	-	-	-
2019	27.97 %	16.12 %	0.66 %
Q1 2020	-	-	-
Q2 2020	-	-	-
Q3 2020	-	-	-
Q4 2020	33.18 %	16.63 %	8.09 %
2020	33.18 %	23.42 %	8.09 %
Q1 2021	35.75 %	23.03 %	12.25 %
Q2 2021	37.33 %	27.84 %	15.43 %
Q3 2021	35.81 %	25.72 %	13.29 %
Q4 2021	35.37 %	25.95 %	13.66 %
2021	35.37 %	25.95 %	13.66 %
Q1 2022	35.19 %	25.48 %	13.42 %
Q2 2022	35.13 %	24.24 %	12.47 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2012	-	-	-
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	26.70 %	8.56 %	(1.37 %)
2019	27.97 %	16.12 %	0.66 %
2020	33.18 %	23.42 %	8.09 %
2021	35.37 %	25.95 %	13.66 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2013	-	-	-
Q2 2013	-	-	-
Q3 2013	-	-	-
Q4 2013	-	-	-
Q1 2014	-	-	-
Q2 2014	-	-	-
Q3 2014	-	-	-
Q4 2014	-	-	-
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
Q1 2017	-	-	-
Q2 2017	-	-	-
Q3 2017	-	-	-
Q4 2017	-	-	-
Q1 2018	-	-	-
Q2 2018	-	-	-
Q3 2018	-	-	-
Q4 2018	-	-	-
Q1 2019	-	-	-
Q2 2019	-	-	-
Q3 2019	-	-	-
Q4 2019	-	-	-
Q1 2020	27.42 %	-	1.78 %
Q2 2020	19.73 %	-	(9.57 %)
Q3 2020	40.11 %	33.00 %	19.91 %
Q4 2020	38.23 %	23.91 %	11.07 %
Q1 2021	37.68 %	28.77 %	17.83 %
Q2 2021	33.12 %	25.67 %	12.92 %
Q3 2021	34.17 %	24.67 %	11.55 %
Q4 2021	36.35 %	24.96 %	12.69 %
Q1 2022	36.49 %	26.47 %	15.96 %
Q2 2022	33.35 %	20.81 %	9.37 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2013	-	-	-	-
Q2 2013	-	-	-	-
Q3 2013	-	-	-	-
Q4 2013	-	-	-	-
Q1 2014	-	-	-	-
Q2 2014	-	-	-	-
Q3 2014	-	-	-	-
Q4 2014	-	-	-	-
Q1 2015	-	-	-	-
Q2 2015	-	-	-	-
Q3 2015	-	-	-	-
Q4 2015	-	-	-	-
Q1 2016	-	-	-	-
Q2 2016	-	-	-	-
Q3 2016	-	-	-	-
Q4 2016	-	-	-	-
Q1 2017	-	-	-	-
Q2 2017	-	-	-	-
Q3 2017	-	-	-	-
Q4 2017	-	-	-	-
Q1 2018	-	-	-	-
Q2 2018	-	-	-	-
Q3 2018	-	-	-	-
Q4 2018	-	-	-	-
Q1 2019	-	-	-	-
Q2 2019	-	-	-	-
Q3 2019	-	-	-	-
Q4 2019	-	-	-	-
Q1 2020	25.50	-	-	-
Q2 2020	25.50	-	-	-
Q3 2020	25.50	-	-	-
Q4 2020	25.50	2.21	2.21	8.84
Q1 2021	25.50	3.52	3.52	-
Q2 2021	25.50	4.94	4.94	11.05
Q3 2021	25.50	4.34	4.34	12.11
Q4 2021	25.50	4.65	4.65	13.36
Q1 2022	25.50	4.92	4.92	15.03
Q2 2022	25.50	4.86	4.86	13.57

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2012	-	-	-	-
2013	-	-	-	-
2014	-	-	-	-
2015	-	-	-	-
2016	-	-	-	-
2017	-	-	-	-
2018	25.50	(1.08)	(0.20)	11.41
2019	25.50	0.61	0.15	6.22
2020	25.50	2.21	2.21	8.84
2021	25.50	4.65	4.65	13.36

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2013	-	-	-
Q2 2013	-	-	-
Q3 2013	-	-	-
Q4 2013	-	-	-
Q1 2014	-	-	-
Q2 2014	-	-	-
Q3 2014	-	-	-
Q4 2014	-	-	-
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
Q1 2017	-	-	-
Q2 2017	-	-	-
Q3 2017	-	-	-
Q4 2017	-	-	-
Q1 2018	-	-	-
Q2 2018	-	-	-
Q3 2018	-	-	-
Q4 2018	-	-	-
Q1 2019	-	-	-
Q2 2019	-	-	-
Q3 2019	-	-	-
Q4 2019	-	-	-
Q1 2020	-	-	-
Q2 2020	-	-	-
Q3 2020	-	-	-
Q4 2020	-	-	-
Q1 2021	-	-	-
Q2 2021	-	-	-
Q3 2021	-	-	-
Q4 2021	-	-	-
Q1 2022	-	-	-
Q2 2022	-	-	-

Period	P/E	Adjusted P/E	Price/book
2012	-	-	-
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	-	-	-
2019	-	-	-
2020	-	-	-
2021	-	-	-

Business Segments (Million)

Compared With The

Period	Domino's Pizza	Dunkin Donuts	Other activities	Eliminations
Q3 2020	189.42	11.33	9.78	(5.30)
Q4 2020	193.76	12.28	9.53	(5.49)
Q1 2021	187.98	12.12	9.62	(5.58)
Q2 2021	173.85	10.60	18.53	(5.46)
Q3 2021	207.57	18.06	1.48	(6.32)
Q4 2021	219.03	22.39	11.79	(7.53)
Q1 2022	244.23	22.64	11.41	(7.31)
Q2 2022	232.33	18.80	11.95	(7.09)

Period	Domino's Pizza	Dunkin Donuts	Other activities	Eliminations
2019	546.15	26.82	18.00	-
2020	644.16	35.82	33.09	(17.62)
2021	788.43	63.17	41.42	(24.89)

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Alamar’s H1 2022 net profit rises 10% to SAR 66.8 mln; Q2 at SAR 23.6 mln

Financials (M)

Current Quarter Comparison (M)

View other reports

Share Price

Alamar Foods Co. (ALAMAR)

Financial Ratios

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Business Segments (Million)

Revenue by Business Segment (Latest) 2022 Q2

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Alamar’s H1 2022 net profit rises 10% to SAR 66.8 mln; Q2 at SAR 23.6 mln

Financials (M)

Current Quarter Comparison (M)

View other reports

Share Price

Alamar Foods Co. (ALAMAR)

Financial Ratios

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Business Segments (Million) Q2 2022

Revenue by Business Segment (Latest) 2022 Q2

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Business Segments (Million)