Americana profit falls 39% to SAR 595.3M in 2024; Q4 at SAR 155.2M
Americana Restaurants International PLC reported a net profit of SAR 595.3 million for 2024, a decline of 39% from SAR 973 million in the year earlier period.
Financials (M)
Item | 2023 | 2024 | Change |
---|---|---|---|
Revenues | 9,049.25 | 8,237.82 | (9.0 %) |
Gross Income | 4,730.85 | 4,377.73 | (7.5 %) |
Operating Income | 1,087.74 | 738.20 | (32.1 %) |
Net Income | 973.00 | 595.35 | (38.8 %) |
Average Shares | 8,423.63 | 8,423.63 | - |
Earnings Per Share before unusual items | 0.12 | 0.08 | (34.9 %) |
EPS (Halala) | 11.55 | 7.07 | (38.8 %) |
This was driven by lower adjusted EBITDA, increased depreciation charges on new store openings and corporate tax implementation in the UAE.
Revenue decreased by 9%, on reduced year-on-year (YoY) sales due to the regional geopolitical conditions and weaker consumer demand in some markets, along with unfavorable foreign exchange movements.
The company registered a sequential recovery throughout the year, bolstered by strategic initiatives aimed at elevating consumer engagement through product innovation, and promotional activities.
Current Quarter Comparison (M)
Item | Q4 2023 | Q4 2024 | Change |
---|---|---|---|
Revenues | 1,935.41 | 2,208.59 | 14.1 % |
Gross Income | 1,013.24 | 1,182.65 | 16.7 % |
Operating Income | 149.67 | 227.50 | 52.0 % |
Net Income | 122.88 | 155.17 | 26.3 % |
Average Shares | 8,423.63 | 8,423.63 | - |
Earnings Per Share before unusual items | 0.02 | 0.02 | 47.6 % |
EPS (Halala) | 1.46 | 1.84 | 26.3 % |
Q4 2024 net profit jumped 26% to SAR 155.2 million from SAR 122.9 million in the year-earlier period.
On a sequential basis, net earnings increased 10.6% from SAR 140.3 million in Q3 2024.
Total shareholders’ equity, after minority interest, stood at SAR 1.47 billion by Dec. 31, 2024, compared to SAR 1.64 billion a year earlier.
Attached Documents
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Share Price
Americana Restaurants International PLC - Foreign Company (AMERICANA)
Current | |
Market Cap (M Riyal) | 21,648.73 |
Enterprise Value (EV) (M) | 20,555.68 |
Shares Outstanding ((M)) | 8,423.63 |
EPS (Halala) (TTM) | 7.07 |
Book Value (BV) ( Riyal) | 0.18 |
Par Value ( Halala) | 7.50 |
Adjusted P/E (Last12) | 33.68 |
P/E (TTM) | 36.36 |
Price/book | 14.64 |
Return on Average Assets (%) (TTM) | 10.4 |
Return on Average Equity (%) (TTM) | 16.3 |
Profit Performance (Million)
Period | Net Income | Change | EPS(Halala) | Extraordinary Income/Expense | Net Profit Before Unusual Items | Earnings Per Share before unusual items |
---|---|---|---|---|---|---|
Q1 2024 | 105.09 | (51.8 %) | 1.25 | - | 105.09 | 0.01 |
Q2 2024 | 194.76 | (40.1 %) | 2.31 | - | 194.76 | 0.02 |
Q3 2024 | 140.33 | (54.3 %) | 1.67 | - | 140.33 | 0.02 |
Q4 2024 | 155.17 | 26.3 % | 1.84 | (47.37) | 202.53 | 0.02 |
2024 | 595.35 | (38.8 %) | 7.07 | (47.37) | 642.71 | 0.08 |
Financial results (Million)
Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
---|---|---|---|---|---|---|
Q1 2024 | 1,850.64 | (16.3 %) | 953.28 | (15.4 %) | 127.86 | (48.7 %) |
Q2 2024 | 2,097.23 | (14.2 %) | 1,129.13 | (12.6 %) | 216.66 | (40.0 %) |
Q3 2024 | 2,081.36 | (15.3 %) | 1,112.68 | (14.3 %) | 177.42 | (45.8 %) |
Q4 2024 | 2,208.59 | 14.1 % | 1,182.65 | 16.7 % | 227.50 | 52.0 % |
2024 | 8,237.82 | (9.0 %) | 4,377.73 | (7.5 %) | 738.20 | (32.1 %) |
Profitability
Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
---|---|---|---|
Q1 2024 | 52.44 % | 22.45 % | 10.06 % |
Q2 2024 | 52.67 % | 21.88 % | 8.92 % |
Q3 2024 | 52.84 % | 21.26 % | 7.25 % |
Q4 2024 | 53.14 % | 21.76 % | 7.80 % |
2024 | 53.14 % | 21.62 % | 7.80 % |
Per Share Data (Riyal)
Period | Shares Outstanding (M) | EPS (Halala) | Earnings Per Share before unusual items (Halala) | Book Value (BV) |
---|---|---|---|---|
Q1 2024 | 8,423.63 | 10.21 | 10.38 | 0.21 |
Q2 2024 | 8,423.63 | 8.67 | 8.84 | 0.15 |
Q3 2024 | 8,423.63 | 6.68 | 6.85 | 0.16 |
Q4 2024 | 8,423.63 | 7.07 | 7.63 | 0.18 |
Multiple Ratios (End of Period Price)
Period | P/E | Adjusted P/E | Price/book |
---|---|---|---|
Q1 2024 | 32.61 | 32.08 | 16.16 |
Q2 2024 | 36.58 | 35.88 | 21.34 |
Q3 2024 | 40.99 | 39.97 | 16.91 |
Q4 2024 | 32.26 | 29.88 | 12.98 |
Business Segments (Million)
Q4 2024
Period | Food and Beverages | Real Estate Rental Revenues | Other Revenues |
---|---|---|---|
Q1 2024 | 1,840.04 | 2.21 | 8.39 |
Q2 2024 | 2,085.55 | 1.77 | 9.91 |
Q3 2024 | 2,073.29 | 1.67 | 6.41 |
Q4 2024 | 2,203.72 | 1.26 | 3.61 |
Analysts Estimates (Million)
Item | Q4 2024 (e) | Q4 2024 (a) | Change |
---|---|---|---|
Average | 147.78 | 202.53 | 37.05 % |
Estimates vs Actual (Million)
Item | Q4 2024 (e) | Q4 2024 (a) | Change |
---|---|---|---|
GIB Capital | 165.44 | 202.53 | 18.3 % |
SNB Capital | 150.38 | 202.53 | 25.8 % |
AlJazira Capital | 140.30 | 202.53 | 30.7 % |
United Securities Company | 135.00 | 202.53 | 33.3 % |
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