Ataa Educational profit up 5% to SAR 22.1M in Q1 2023/24

Ataa Educational profit up 5% to SAR 22.1M in Q1 2023/24

12/12/2023 Argaam Exclusive

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Ataa Educational Co. reported a net profit of SAR 22.1 million for the first quarter ended Oct. 31, 2023, compared to SAR 21.1 million in the same period the previous year.



Current Quarter Comparison (M)

Compared With The
Item Q1 2023 Q1 2024 Change‬
Revenues 171.53 173.74 1.3 %
Gross Income 49.97 55.40 10.9 %
Operating Income 29.59 32.98 11.5 %
Net Income 21.06 22.05 4.7 %
Average Shares 42.09 42.09 -
EPS (Riyals) 0.50 0.52 4.7 %

The profit growth was driven by higher tuition fees in some of the company’s complexes, which resulted in a 2% increase in revenues year-on-year (YoY).

 

The company also cited a 1% rise in other revenues, as well as an acquisition of minority rights in the subsidiaries, Al Yasmin, Al-Alson and Glory Generation.

 

This was despite a 42% increase YoY in financing costs due to borrowing related to the purchase of minority rights in the subsidiaries, Al Yasmin, Al-Alson and Glory Generation, as well as the purchase of Irqa land and higher SAIBOR rates.

 

Marketing expenses also leapt by 44% YoY.

 

Shareholders’ equity, after minority rights, reached SAR 808.82 million by the end of the three-month period, compared to SAR 842.58 million a year before.

View More Financial Results

 


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
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 81.26 - 16.60 - 8.58 -
Q4 2018 84.56 - 42.06 - 37.95 -
Q1 2019 77.52 - 22.90 - 17.38 -
Q2 2019 80.39 - 22.39 - 16.83 -
Q3 2019 79.74 (1.9 %) 19.39 16.8 % 12.87 50.0 %
Q4 2019 82.94 (1.9 %) 43.69 3.9 % 38.87 2.4 %
Q1 2020 81.11 4.6 % 25.53 11.5 % 18.50 6.5 %
Q2 2020 84.48 5.1 % 24.89 11.1 % 18.57 10.3 %
Q3 2020 84.09 5.5 % 25.15 29.7 % 15.73 22.3 %
Q4 2020 86.70 4.5 % 40.70 (6.9 %) 32.95 (15.2 %)
Q1 2021 61.23 (24.5 %) 13.71 (46.3 %) 7.86 (57.5 %)
Q2 2021 63.19 (25.2 %) 16.66 (33.0 %) 10.01 (46.1 %)
Q3 2021 62.53 (25.6 %) 15.62 (37.9 %) 10.10 (35.8 %)
Q4 2021 93.40 7.7 % 28.14 (30.9 %) 20.56 (37.6 %)
Q1 2022 139.74 128.2 % 38.61 181.6 % 20.93 166.3 %
Q2 2022 135.97 115.2 % 25.45 52.7 % 8.54 (14.6 %)
Q3 2022 142.89 128.5 % 23.72 51.8 % 9.49 (6.1 %)
Q4 2022 173.73 86.0 % 45.85 62.9 % 28.24 37.3 %
Q1 2023 171.53 22.7 % 49.97 29.4 % 29.59 41.3 %
Q2 2023 170.52 25.4 % 36.49 43.4 % 18.78 119.9 %
Q3 2023 159.89 11.9 % 36.07 52.1 % 20.65 117.6 %
Q4 2023 178.42 2.7 % 72.72 58.6 % 37.73 33.6 %
Q1 2024 173.74 1.3 % 55.40 10.9 % 32.98 11.5 %


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 - - - - - -
Q1 2016 - - - - - -
Q2 2016 - - - - - -
Q3 2016 - - - - - -
Q4 2016 - - - - - -
Q1 2017 - - - - - -
Q2 2017 - - - - - -
Q3 2017 - - - - - -
Q4 2017 - - - - - -
Q1 2018 - - - - - -
Q2 2018 - - - - - -
Q3 2018 9.05 - 0.23 - 9.05 0.23
Q4 2018 37.90 - 0.95 - 37.90 0.95
Q1 2019 17.12 - 0.43 - 17.12 0.43
Q2 2019 16.16 - 0.40 - 16.16 0.40
Q3 2019 12.01 32.7 % 0.30 - 12.01 0.30
Q4 2019 37.97 0.2 % 0.95 - 37.97 0.95
Q1 2020 16.25 (5.1 %) 0.41 - 16.25 0.41
Q2 2020 17.28 7.0 % 0.43 - 17.28 0.43
Q3 2020 12.34 2.8 % 0.31 - 12.34 0.31
Q4 2020 29.92 (21.2 %) 0.75 - 29.92 0.75
Q1 2021 4.92 (69.7 %) 0.12 - 4.92 0.12
Q2 2021 6.39 (63.0 %) 0.16 - 6.39 0.16
Q3 2021 6.34 (48.6 %) 0.16 - 6.34 0.16
Q4 2021 17.87 (40.3 %) 0.45 - 17.87 0.45
Q1 2022 51.41 945.6 % 1.22 38.12 13.29 0.32
Q2 2022 1.01 (84.2 %) 0.02 - 1.01 0.02
Q3 2022 3.15 (50.4 %) 0.07 - 3.15 0.07
Q4 2022 15.04 (15.8 %) 0.36 - 15.04 0.36
Q1 2023 21.06 (59.0 %) 0.50 - 21.06 0.50
Q2 2023 9.55 843.8 % 0.23 - 9.55 0.23
Q3 2023 10.73 241.0 % 0.25 - 10.73 0.25
Q4 2023 26.45 75.8 % 0.63 2.21 24.24 0.58
Q1 2024 22.05 4.7 % 0.52 - 22.05 0.52

Profitability

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 32.11 % 29.72 % 24.78 %
Q3 2019 33.13 % 31.27 % 25.82 %
Q4 2019 33.80 % 31.77 % 25.97 %
Q1 2020 34.24 % 33.56 % 25.42 %
Q2 2020 34.57 % 35.64 % 25.44 %
Q3 2020 35.85 % 38.12 % 25.21 %
Q4 2020 34.56 % 38.17 % 22.53 %
Q1 2021 33.00 % 37.61 % 20.37 %
Q2 2021 32.59 % 37.85 % 18.15 %
Q3 2021 31.68 % 38.97 % 17.38 %
Q4 2021 26.44 % 34.56 % 12.67 %
Q1 2022 27.59 % 32.94 % 12.23 %
Q2 2022 24.98 % 28.91 % 8.92 %
Q3 2022 22.64 % 25.98 % 6.90 %
Q4 2022 22.56 % 25.57 % 5.49 %
Q1 2023 23.23 % 26.08 % 6.45 %
Q2 2023 23.69 % 26.34 % 7.41 %
Q3 2023 24.92 % 27.38 % 8.34 %
Q4 2023 28.70 % 28.21 % 9.64 %
Q1 2024 29.40 % 28.54 % 9.75 %


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 40.00 - - -
Q4 2018 40.00 - - 18.13
Q1 2019 40.00 - - 18.07
Q2 2019 40.00 2.01 2.01 17.45
Q3 2019 40.00 2.08 2.08 17.74
Q4 2019 40.00 2.08 2.08 18.66
Q1 2020 40.00 2.06 2.06 18.36
Q2 2020 40.00 2.09 2.09 17.77
Q3 2020 40.00 2.10 2.10 18.10
Q4 2020 40.00 1.89 1.89 18.73
Q1 2021 40.00 1.61 1.61 18.85
Q2 2021 40.00 1.34 1.34 18.02
Q3 2021 40.00 1.19 1.19 18.18
Q4 2021 40.00 0.89 0.89 18.58
Q1 2022 42.09 1.95 1.04 20.97
Q2 2022 42.09 1.82 0.92 20.05
Q3 2022 42.09 1.75 0.84 20.12
Q4 2022 42.09 1.68 0.77 19.52
Q1 2023 42.09 0.96 0.96 20.02
Q2 2023 42.09 1.16 1.16 19.25
Q3 2023 42.09 1.34 1.34 19.50
Q4 2023 42.09 1.61 1.56 18.69
Q1 2024 42.09 1.63 1.58 19.22

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 16.14 16.14 1.89
Q4 2019 14.94 14.94 1.67
Q1 2020 16.86 16.86 1.89
Q2 2020 19.15 19.15 2.25
Q3 2020 20.25 20.25 2.35
Q4 2020 21.93 21.93 2.22
Q1 2021 28.08 28.08 2.40
Q2 2021 43.60 43.60 3.24
Q3 2021 55.12 55.12 3.61
Q4 2021 68.61 68.61 3.28
Q1 2022 28.99 54.17 2.69
Q2 2022 33.72 67.09 3.06
Q3 2022 32.67 67.92 2.83
Q4 2022 32.48 70.59 2.79
Q1 2023 65.96 65.96 3.15
Q2 2023 66.58 66.58 4.01
Q3 2023 53.75 53.75 3.69
Q4 2023 44.58 46.08 3.84
Q1 2024 44.37 45.84 3.77

Business Segments (Million)

Compared With The
Period Education sector training sector recruitment sector National Schools International Schools Indian Schools French Schools
Q1 2019 - - - 48.31 19.46 7.47 2.28
Q2 2019 - - - 47.86 19.41 10.86 2.25
Q3 2019 - - - 47.65 19.16 10.70 2.23
Q4 2019 - - - 50.80 15.60 14.33 2.21
Q1 2020 - - - 49.89 21.53 7.38 2.31
Q2 2020 - - - 49.62 21.55 11.01 2.31
Q3 2020 - - - 49.60 21.32 10.90 2.28
Q4 2020 - - - 48.45 20.81 15.24 2.20
Q1 2021 61.23 - - - - - -
Q2 2021 63.19 - - - - - -
Q3 2021 62.53 - - - - - -
Q4 2021 93.40 - - - - - -
Q1 2022 118.71 8.23 12.80 - - - -
Q2 2022 113.57 7.26 15.14 - - - -
Q3 2022 122.51 6.03 14.35 - - - -
Q4 2022 151.23 8.79 13.70 - - - -
Q1 2023 156.97 13.08 1.48 - - - -
Q2 2023 157.59 9.69 3.24 - - - -
Q3 2023 149.78 6.76 3.35 - - - -
Q4 2023 156.34 9.03 13.05 - - - -
Q1 2024 162.40 9.72 1.62 - - - -


Financial Ratios
Current
Market Cap (M Riyal) 3,165.17
Enterprise Value (EV) (M) 3,763.78
Shares Outstanding ((M)) 42.09
EPS ( Riyal) (TTM) 1.51
Book Value (BV) ( Riyal) 19.04
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 49.95
P/E (TTM) 49.95
Price/book 3.95
Return on Average Assets (%) (TTM) 3.0
Return on Average Equity (%) (TTM) 8.0
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Share Price

Ataa Educational Co.
75.20
(0.10) (0.13 %)

Ataa Educational Co. (ATAA)

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