Aldawaa profit rises 12% to SAR 266.3M in 9M 2024; Q3 at SAR 75.1M

Aldawaa Medical Services Co. (DMSCO) reported a net profit rise of 12% to SAR 266.3 million for the first nine months of 2024, compared to SAR 236.9 million in the prior-year period.

Financials (M)

Item	9m 2023	9m 2024	Change‬
Revenues	4,283.28	4,728.92	10.4 %
Gross Income	1,581.53	1,710.51	8.2 %
Operating Income	346.88	378.92	9.2 %
Net Income	236.87	266.29	12.4 %
Average Shares	85.00	85.00	-
EPS (Riyals)	2.79	3.13	12.4 %

The nine-month net profit was buoyed by higher sales, which drove gross profits up by 8.2% year-on-year (YoY) on the back of increased sales activities, private brands and multiple channels.

Aldawaa controlled expenses, which led to an increase of SAR. 6.5 million, or 6.2% YoY, in operating profits over the same period of the 2023.

In Q3 2024, Aldawaa’s net profit grew by 5% to SAR 75.1 million from SAR 71.2 million a year earlier as sales grew, leading to a 9.4% YoY rise in gross profits.

On the other hand, quarterly net earnings dropped by 21.7% from SAR 95.8 million in Q2 2024 on an increase in selling and distribution expenses of the company’s new openings. It also reported higher expenses of promotional offers to boost sales.

This came despite a 2.5% rise in the topline quarter-on-quarter.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2023	Q3 2024	Change‬
Revenues	1,438.95	1,626.23	13.0 %
Gross Income	520.91	570.11	9.4 %
Operating Income	104.60	109.84	5.0 %
Net Income	71.28	75.09	5.3 %
Average Shares	85.00	85.00	-
EPS (Riyals)	0.84	0.88	5.3 %

Item	Q2 2024	Q3 2024	Change‬
Revenues	1,586.27	1,626.23	2.5 %
Gross Income	575.97	570.11	(1.0 %)
Operating Income	136.31	109.84	(19.4 %)
Net Income	95.88	75.09	(21.7 %)
Average Shares	85.00	85.00	-
EPS (Riyals)	1.13	0.88	(21.7 %)

Total shareholders’ equity, no minority interest, rose to SAR 1.41 billion as of Sept. 30, 2024, from SAR 1.20 billion in the corresponding period of the year before.

View More Financial Results

View other reports

Share Price

Aldawaa Medical Services Co. (ALDAWAA)

	Current
Market Cap (M Riyal)	6,749.00
Enterprise Value (EV) (M)	7,307.47
Shares Outstanding ((M))	85.00
EPS ( Riyal) (TTM)	4.22
Book Value (BV) ( Riyal)	16.65
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	18.82
P/E (TTM)	18.82
Price/book	4.77
Return on Average Assets (%) (TTM)	7.5
Return on Average Equity (%) (TTM)	27.4

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
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	3,375.63	-	1,310.98	-	201.11	-
Q1 2018	-	-	-	-	-	-
Q2 2018	-	-	-	-	-	-
Q3 2018	-	-	-	-	-	-
Q4 2018	-	-	-	-	-	-
2018	3,797.20	12.5 %	1,478.68	12.8 %	293.53	46.0 %
Q1 2019	-	-	-	-	-	-
Q2 2019	-	-	-	-	-	-
Q3 2019	-	-	-	-	-	-
Q4 2019	-	-	-	-	-	-
2019	3,962.43	4.4 %	1,586.96	7.3 %	295.92	0.8 %
Q1 2020	1,176.38	-	446.33	-	91.48	-
Q2 2020	1,303.84	-	530.76	-	131.66	-
Q3 2020	-	-	-	-	-	-
Q4 2020	-	-	-	-	-	-
2020	4,962.08	25.2 %	1,881.26	18.5 %	392.90	32.8 %
Q1 2021	1,209.72	2.8 %	451.96	1.3 %	74.35	(18.7 %)
Q2 2021	1,266.77	(2.8 %)	457.98	(13.7 %)	66.91	(49.2 %)
Q3 2021	1,259.56	-	451.39	-	50.81	-
Q4 2021	1,298.34	-	533.08	-	75.82	-
2021	5,034.38	1.5 %	1,894.40	0.7 %	267.89	(31.8 %)
Q1 2022	1,294.82	7.0 %	494.18	9.3 %	70.71	(4.9 %)
Q2 2022	1,310.19	3.4 %	506.79	10.7 %	90.55	35.3 %
Q3 2022	1,308.93	3.9 %	484.94	7.4 %	82.69	62.7 %
Q4 2022	1,458.30	12.3 %	533.69	0.1 %	130.39	72.0 %
2022	5,372.24	6.7 %	2,019.60	6.6 %	374.35	39.7 %
Q1 2023	1,407.59	8.7 %	534.98	8.3 %	116.00	64.0 %
Q2 2023	1,436.74	9.7 %	525.64	3.7 %	126.28	39.5 %
Q3 2023	1,438.95	9.9 %	520.91	7.4 %	104.60	26.5 %
Q4 2023	1,458.09	0.0 %	525.09	(1.6 %)	140.39	7.7 %
2023	5,741.36	6.9 %	2,106.62	4.3 %	479.39	28.1 %
Q1 2024	1,516.42	7.7 %	564.42	5.5 %	130.49	12.5 %
Q2 2024	1,586.27	10.4 %	575.97	9.6 %	136.31	7.9 %
Q3 2024	1,626.23	13.0 %	570.11	9.4 %	109.84	5.0 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2014	-	-	-	-	-	-
2015	-	-	-	-	-	-
2016	-	-	-	-	-	-
2017	3,375.63	-	1,310.98	-	201.11	-
2018	3,797.20	12.5 %	1,478.68	12.8 %	293.53	46.0 %
2019	3,962.43	4.4 %	1,586.96	7.3 %	295.92	0.8 %
2020	4,962.08	25.2 %	1,881.26	18.5 %	392.90	32.8 %
2021	5,034.38	1.5 %	1,894.40	0.7 %	267.89	(31.8 %)
2022	5,372.24	6.7 %	2,019.60	6.6 %	374.35	39.7 %
2023	5,741.36	6.9 %	2,106.62	4.3 %	479.39	28.1 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
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	120.90	-	1.51	0.99	119.91	1.50
Q1 2018	-	-	-	-	-	-
Q2 2018	-	-	-	-	-	-
Q3 2018	-	-	-	-	-	-
Q4 2018	-	-	-	-	-	-
2018	228.33	88.9 %	2.86	(5.66)	233.99	2.93
Q1 2019	-	-	-	-	-	-
Q2 2019	-	-	-	-	-	-
Q3 2019	-	-	-	-	-	-
Q4 2019	-	-	-	-	-	-
2019	233.20	2.1 %	2.92	(15.65)	248.85	3.12
Q1 2020	23.11	-	0.29	(52.93)	76.04	0.95
Q2 2020	55.35	-	0.69	(61.91)	117.26	1.47
Q3 2020	-	-	-	-	-	-
Q4 2020	-	-	-	-	-	-
2020	246.44	5.7 %	3.09	(94.95)	341.38	4.28
Q1 2021	78.84	241.2 %	0.99	21.49	57.35	0.72
Q2 2021	52.94	(4.4 %)	0.62	5.84	47.10	0.55
Q3 2021	38.29	-	0.45	9.85	28.44	0.33
Q4 2021	69.08	-	0.81	26.24	42.84	0.50
2021	239.15	(3.0 %)	2.81	63.42	175.72	2.07
Q1 2022	87.11	10.5 %	1.02	38.14	48.97	0.58
Q2 2022	80.67	52.4 %	0.95	14.47	66.21	0.78
Q3 2022	48.15	25.7 %	0.57	(1.08)	49.24	0.58
Q4 2022	89.51	29.6 %	1.05	7.74	81.77	0.96
2022	305.45	27.7 %	3.59	59.27	246.18	2.90
Q1 2023	76.25	(12.5 %)	0.90	-	76.25	0.90
Q2 2023	89.33	10.7 %	1.05	-	89.33	1.05
Q3 2023	71.28	48.0 %	0.84	-	71.28	0.84
Q4 2023	92.35	3.2 %	1.09	-	92.35	1.09
2023	329.22	7.8 %	3.87	-	329.22	3.87
Q1 2024	95.33	25.0 %	1.12	-	95.33	1.12
Q2 2024	95.88	7.3 %	1.13	-	95.88	1.13
Q3 2024	75.09	5.3 %	0.88	-	75.09	0.88

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2014	-	-	-	-	-	-
2015	-	-	-	-	-	-
2016	-	-	-	-	-	-
2017	120.90	-	1.51	0.99	119.91	1.50
2018	228.33	88.9 %	2.86	(5.66)	233.99	2.93
2019	233.20	2.1 %	2.92	(15.65)	248.85	3.12
2020	246.44	5.7 %	3.09	(94.95)	341.38	4.28
2021	239.15	(3.0 %)	2.81	63.42	175.72	2.07
2022	305.45	27.7 %	3.59	59.27	246.18	2.90
2023	329.22	7.8 %	3.87	-	329.22	3.87

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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	38.84 %	14.78 %	3.55 %
Q1 2018	-	-	-
Q2 2018	-	-	-
Q3 2018	-	-	-
Q4 2018	-	-	-
2018	38.94 %	15.71 %	6.16 %
Q1 2019	-	-	-
Q2 2019	-	-	-
Q3 2019	-	-	-
Q4 2019	-	-	-
2019	40.05 %	15.25 %	6.28 %
Q1 2020	-	-	-
Q2 2020	-	-	-
Q3 2020	-	-	-
Q4 2020	-	-	-
2020	37.91 %	14.07 %	6.88 %
Q1 2021	-	-	-
Q2 2021	-	-	-
Q3 2021	-	-	-
Q4 2021	37.63 %	11.95 %	3.49 %
2021	37.63 %	11.95 %	3.49 %
Q1 2022	37.83 %	12.05 %	3.27 %
Q2 2022	38.46 %	12.59 %	3.61 %
Q3 2022	38.74 %	13.20 %	3.98 %
Q4 2022	37.59 %	13.57 %	4.58 %
2022	37.59 %	13.57 %	4.58 %
Q1 2023	37.56 %	13.96 %	4.99 %
Q2 2023	37.05 %	14.35 %	5.29 %
Q3 2023	36.84 %	14.47 %	5.55 %
Q4 2023	36.69 %	14.82 %	5.73 %
2023	36.69 %	14.69 %	5.73 %
Q1 2024	36.51 %	14.86 %	5.95 %
Q2 2024	36.44 %	14.64 %	5.91 %
Q3 2024	36.13 %	14.36 %	5.80 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	38.84 %	14.78 %	3.55 %
2018	38.94 %	15.71 %	6.16 %
2019	40.05 %	15.25 %	6.28 %
2020	37.91 %	14.07 %	6.88 %
2021	37.63 %	11.95 %	3.49 %
2022	37.59 %	13.57 %	4.58 %
2023	36.69 %	14.69 %	5.73 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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	37.94 %	-	6.46 %
Q2 2020	40.71 %	-	8.99 %
Q3 2020	-	-	-
Q4 2020	-	-	-
Q1 2021	37.36 %	12.64 %	4.74 %
Q2 2021	36.15 %	11.68 %	3.72 %
Q3 2021	35.84 %	10.59 %	2.26 %
Q4 2021	41.06 %	12.90 %	3.30 %
Q1 2022	38.17 %	12.98 %	3.78 %
Q2 2022	38.68 %	13.84 %	5.05 %
Q3 2022	37.05 %	13.08 %	3.76 %
Q4 2022	36.60 %	14.29 %	5.61 %
Q1 2023	38.01 %	14.56 %	5.42 %
Q2 2023	36.59 %	15.35 %	6.22 %
Q3 2023	36.20 %	13.70 %	4.95 %
Q4 2023	36.01 %	15.66 %	6.33 %
Q1 2024	37.22 %	14.71 %	6.29 %
Q2 2024	36.31 %	14.50 %	6.04 %
Q3 2024	35.06 %	12.73 %	4.62 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
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	79.85	-	-	-
Q2 2020	79.85	-	-	-
Q3 2020	-	-	-	-
Q4 2020	-	-	-	-
Q1 2021	79.85	-	-	14.62
Q2 2021	85.00	-	-	14.74
Q3 2021	85.00	-	-	12.46
Q4 2021	85.00	2.81	2.07	11.64
Q1 2022	85.00	2.91	1.97	12.61
Q2 2022	85.00	3.24	2.19	12.78
Q3 2022	85.00	3.35	2.44	12.07
Q4 2022	85.00	3.59	2.90	12.88
Q1 2023	85.00	3.47	3.22	12.67
Q2 2023	85.00	3.57	3.49	14.74
Q3 2023	85.00	3.84	3.75	14.17
Q4 2023	85.00	3.87	3.87	15.45
Q1 2024	85.00	4.10	4.10	15.28
Q2 2024	85.00	4.17	4.17	16.20
Q3 2024	85.00	4.22	4.22	16.65

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2014	-	-	-	-
2015	-	-	-	-
2016	-	-	-	-
2017	79.85	1.51	1.50	9.29
2018	79.85	2.86	2.93	10.81
2019	79.85	2.92	3.12	12.14
2020	79.85	3.09	4.28	13.94
2021	85.00	2.81	2.07	11.64
2022	85.00	3.59	2.90	12.88
2023	85.00	3.87	3.87	15.45

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
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	25.59	37.84	5.91
Q2 2022	20.70	30.54	5.24
Q3 2022	23.77	32.69	6.61
Q4 2022	20.01	24.83	5.58
Q1 2023	23.08	24.87	6.31
Q2 2023	27.61	28.23	6.68
Q3 2023	24.77	25.37	6.71
Q4 2023	27.32	27.32	6.85
Q1 2024	22.72	22.72	6.09
Q2 2024	20.96	20.96	5.40
Q3 2024	22.66	22.66	5.74

Period	P/E	Adjusted P/E	Price/book
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	-	-	-
2019	-	-	-
2020	-	-	-
2021	-	-	-
2022	20.01	24.83	5.58
2023	27.32	27.32	6.85

Business Segments (Million)

Compared With The

Period	Retail Sales	Wholesale	Logistic Services
Q1 2021	1,169.76	39.96	-
Q2 2021	1,234.85	31.92	-
Q3 2021	1,224.38	35.18	-
Q4 2021	1,257.00	41.34	-
Q1 2022	1,260.57	34.25	-
Q2 2022	1,268.35	41.84	-
Q3 2022	1,261.85	47.08	-
Q4 2022	1,376.54	81.76	-
Q1 2023	1,341.18	66.41	-
Q2 2023	1,366.98	69.76	-
Q3 2023	1,352.17	86.77	-
Q4 2023	1,382.63	58.37	17.09
Q1 2024	1,441.98	74.44	-
Q2 2024	1,498.14	88.14	-
Q3 2024	1,533.90	92.33	-

Period	Retail Sales	Wholesale	Logistic Services
2020	4,795.48	166.59	-
2021	4,885.99	148.39	-
2022	5,175.91	196.33	-
2023	5,442.96	281.31	17.09

Analysts Estimates (Million)

Item	Q3 2024 (e)	Q3 2024 (a)	Change‬
Average	86.63	75.09	(13.3 %)

Estimates vs Actual (Million)

Item	Q3 2024 (e)	Q3 2024 (a)	Change
Hermes	80.00	75.09	(6.1) %
SNB Capital	82.10	75.09	(8.5) %
Riyad Capital	83.00	75.09	(9.5) %
JP Morgan	86.00	75.09	(12.7) %
United Securities Company	88.00	75.09	(14.7) %
OSOOL AND BAKHEET	100.69	75.09	(25.4) %

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

Sorry: the validity period has ended to comment on this news

Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Aldawaa profit rises 12% to SAR 266.3M in 9M 2024; Q3 at SAR 75.1M

Financials (M)

Current Quarter Comparison (M)

View other reports

Share Price

Aldawaa Medical Services Co. (ALDAWAA)

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)

Ratios And Multiples

Business Segments (Million)

Revenue by Business Segment (Latest) 2024 Q3

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

Popular Links

Quick Links

About Us

Join Us

Follow Us

Aldawaa profit rises 12% to SAR 266.3M in 9M 2024; Q3 at SAR 75.1M

Financials (M)

Current Quarter Comparison (M)

View other reports

Share Price

Aldawaa Medical Services Co. (ALDAWAA)

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)

Ratios And Multiples

Business Segments (Million) Q3 2024

Revenue by Business Segment (Latest) 2024 Q3

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

Popular Links

Quick Links

About Us

Join Us

Follow Us

Business Segments (Million)