Alshehili profit rises 15% to SAR 12.2M in 2024; H2 at SAR 6.4M

30/03/2025 Argaam Exclusive

Alshehili Co. for Metal Industries posted a SAR 12.2 million net profit for 2024, a rise of 15% from SAR 10.5 million in 2023, driven by higher revenues on increased value of manufacturing contracts with major customers.



Financials (M)

Item 2023 2024 Change‬
Revenues 60.57 66.89 10.4 %
Gross Income 21.08 23.83 13.0 %
Operating Income 11.49 14.40 25.3 %
Net Income 10.55 12.17 15.4 %
Average Shares 2.00 2.00 -
Earnings Per Share before unusual items 5.27 6.09 15.4 %
EPS (Riyals) 5.27 6.09 15.4 %

Net earnings for H2 2024 declined by 3% to SAR 6.4 million from SAR 6.61 million in the same period of 2023.

 

Compared to H1 2024, however, the company’s bottom line soared 10.5% from SAR 5.78 million.



Current Half Annual Comparison (M)

Compared With The
Item H2 2023 H2 2024 Change‬
Revenues 35.98 34.06 (5.3 %)
Gross Income 12.48 11.53 (7.6 %)
Operating Income 7.27 7.83 7.8 %
Net Income 6.61 6.39 (3.2 %)
Average Shares 2.00 2.00 -
Earnings Per Share before unusual items 3.30 3.20 (3.2 %)
EPS (Riyals) 3.30 3.20 (3.2 %)

H2 2024 net earnings declined 3% to SAR 6.4 million from SAR 6.61 million in the same period of 2023.

 

The company had recorded SAR 5.78 million in H1 2024.

 

Shareholders’ equity (no minority interest) amounted to SAR 37.68 million by the end of 2024, compared to SAR 29.85 million a year earlier.

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Share Price

Alshehili Company for Metal Industries
74.30
(2.70) (3.51 %)

Alshehili Company for Metal Industries (ALSHEHILI METAL)

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Financial Ratios
Current
Market Cap (M Riyal) 192.50
Enterprise Value (EV) (M) 204.00
Shares Outstanding ((M)) 2.50
Book Value (BV) ( Riyal) 18.84
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 15.81
Price/book 5.11
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Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
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 - - - - - -
H1 2023 24.59 - 8.60 - 4.22 -
H2 2023 35.98 - 12.48 - 7.27 -
H1 2024 32.83 33.5 % 12.30 43.0 % 6.57 55.6 %
H2 2024 34.06 (5.3 %) 11.53 (7.6 %) 7.83 7.8 %
2024 66.89 10.4 % 23.83 13.0 % 14.40 25.3 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items Earnings Per Share before unusual items
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 - - - - - -
H1 2023 3.94 - 1.97 - 3.94 1.97
H2 2023 6.61 - 3.30 - 6.61 3.30
H1 2024 5.78 46.6 % 2.89 - 5.78 2.89
H2 2024 6.39 (3.2 %) 3.20 - 6.39 3.20
2024 12.17 15.4 % 6.09 - 12.17 6.09

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
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 - - -
H1 2023 - - -
H2 2023 34.81 % 23.46 % 17.42 %
H1 2024 36.01 % 24.31 % 18.01 %
H2 2024 35.63 % 25.46 % 18.20 %
2024 35.63 % 25.46 % 18.20 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Earnings Per Share before unusual items (Riyal) Book Value (BV)
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 - - - -
H1 2023 2.00 - - 11.66
H2 2023 2.00 5.27 5.27 14.93
H1 2024 2.00 6.19 6.19 15.61
H2 2024 2.00 6.09 6.09 18.84

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
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 - - -
H1 2023 - - -
H2 2023 - - -
H1 2024 - - -
H2 2024 - - -

Business Segments (Million)

Compared With The
Period Large Refrigerated box Small Refrigerated box Customized product Curtain side trailers Posters maintenance Small dry Cargo Box Large dry Cargo Box Scrap
Q2 2024 11.32 10.43 1.64 2.84 2.19 1.69 1.93 0.60 0.18

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