Seera narrows net loss to SAR 48 mln in 2022, turns to SAR 31.2 mln profit in Q4

29/03/2023 Argaam Exclusive

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Seera Group Holding narrowed net loss after minorities to SAR 48 million in 2022, from a loss of SAR 372 million in 2021.

Financials (M)

Item	2021	2022	Change‬
Revenues	1,328.45	2,114.38	59.2 %
Gross Income	606.90	924.14	52.3 %
Operating Income	(364.62)	(153.27)	58.0 %
Net Income	(371.54)	(47.73)	87.2 %
Average Shares	300.00	300.00	-
EPS (Riyals)	(1.24)	(0.16)	87.2 %

The group generated a gross booking value (GBV) of SAR 9.3 billion, up 94% from SAR 4.8 billion in 2021, driven by the resurgence in demand for travel. Revenue rose 77% year-on-year (YoY) to SAR 2.3 billion in 2022 as increased demand grew across all portfolio segments.

In addition, Seera posted an operating profit of SAR 3 million in 2022, against an operating loss of SAR 286 million in 2021.

Seera’s travel platform Almosafer achieved 75% YoY growth in GBV to SAR 6.1 billion in 2022, while revenue rose 6% YoY to SAR 515 million. Car rental business Lumi recorded 50% YoY growth in revenue to SAR 783 million in 2022.

The group’s hospitality business more than doubled its revenues to SAR 101 million in 2022.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2021	Q4 2022	Change‬
Revenues	487.46	617.19	26.6 %
Gross Income	187.78	284.65	51.6 %
Operating Income	(104.24)	(49.26)	52.7 %
Net Income	(70.73)	31.19	144.1 %
Average Shares	300.00	300.00	-
EPS (Riyals)	(0.24)	0.10	144.1 %

Item	Q3 2022	Q4 2022	Change‬
Revenues	512.00	617.19	20.5 %
Gross Income	254.88	284.65	11.7 %
Operating Income	78.70	(49.26)	(162.6 %)
Net Income	53.42	31.19	(41.6 %)
Average Shares	300.00	300.00	-
EPS (Riyals)	0.18	0.10	(41.6 %)

In Q4 2022, Seera swung to a net profit of SAR 31.2 million, from a net loss of SAR 70.73 million in the same period last year.

On a sequential basis, net profit dropped 42% from SAR 53.42 million in Q3 2022.

Total shareholders’ equity, after minority interest, amounted to SAR 5.42 billion as of Dec. 31, 2022, from SAR 5.50 billion a year earlier.

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Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2013	1,554.96	14.9 %	301.55	24.7 %	204.66	34.2 %
Q2 2013	1,670.42	18.7 %	402.69	8.7 %	289.32	10.4 %
Q3 2013	1,441.91	10.9 %	298.39	3.0 %	201.67	(2.4 %)
Q4 2013	1,592.99	19.9 %	338.79	37.4 %	199.36	29.4 %
2013	6,260.27	16.1 %	1,341.42	16.8 %	895.01	15.4 %
Q1 2014	1,790.31	15.1 %	363.26	20.5 %	242.13	18.3 %
Q2 2014	1,977.95	18.4 %	476.19	18.3 %	345.56	19.4 %
Q3 2014	1,759.46	22.0 %	375.62	25.9 %	234.90	16.5 %
Q4 2014	2,185.93	37.2 %	408.06	20.4 %	247.17	24.0 %
2014	7,711.37	23.2 %	1,620.86	20.8 %	1,067.48	19.3 %
Q1 2015	2,152.58	20.2 %	441.08	21.4 %	284.32	17.4 %
Q2 2015	2,386.89	20.7 %	545.42	14.5 %	383.61	11.0 %
Q3 2015	1,906.81	8.4 %	387.72	3.2 %	223.28	(4.9 %)
Q4 2015	2,184.77	(0.1 %)	416.77	2.1 %	216.72	(12.3 %)
2015	8,631.04	11.9 %	1,800.33	11.1 %	1,107.93	3.8 %
Q1 2016	534.96	(75.1 %)	402.93	(8.6 %)	241.23	(15.2 %)
Q2 2016	621.39	(74.0 %)	525.22	(3.7 %)	362.71	(5.4 %)
Q3 2016	523.45	(72.5 %)	384.37	(0.9 %)	237.42	6.3 %
Q4 2016	464.67	(78.7 %)	358.07	(14.1 %)	153.74	(29.1 %)
2016	2,144.47	(75.2 %)	1,670.60	(7.2 %)	995.11	(10.2 %)
Q1 2017	466.62	(12.8 %)	346.59	(14.0 %)	169.37	(29.8 %)
Q2 2017	573.51	(7.7 %)	435.40	(17.1 %)	249.21	(31.3 %)
Q3 2017	489.02	(6.6 %)	354.22	(7.8 %)	170.33	(28.3 %)
Q4 2017	577.87	24.4 %	466.87	30.4 %	186.52	21.3 %
2017	2,107.02	(1.7 %)	1,603.08	(4.0 %)	775.43	(22.1 %)
Q1 2018	481.71	3.2 %	355.48	2.6 %	143.66	(15.2 %)
Q2 2018	530.92	(7.4 %)	404.98	(7.0 %)	178.94	(28.2 %)
Q3 2018	615.12	25.8 %	354.66	0.1 %	144.80	(15.0 %)
Q4 2018	565.42	(2.2 %)	311.88	(33.2 %)	113.37	(39.2 %)
2018	2,301.33	9.2 %	1,427.01	(11.0 %)	580.76	(25.1 %)
Q1 2019	509.55	5.8 %	302.25	(15.0 %)	69.25	(51.8 %)
Q2 2019	534.52	0.7 %	341.25	(15.7 %)	85.46	(52.2 %)
Q3 2019	641.98	4.4 %	349.24	(1.5 %)	98.27	(32.1 %)
Q4 2019	593.90	5.0 %	280.26	(10.1 %)	97.96	(13.6 %)
2019	2,190.25	(4.8 %)	1,273.00	(10.8 %)	350.94	(39.6 %)
Q1 2020	396.70	(22.1 %)	185.20	(38.7 %)	(110.18)	(259.1 %)
Q2 2020	138.21	(74.1 %)	26.34	(92.3 %)	(153.33)	(279.4 %)
Q3 2020	141.97	(77.9 %)	30.15	(91.4 %)	(180.42)	(283.6 %)
Q4 2020	227.72	(61.7 %)	65.26	(76.7 %)	(102.00)	(204.1 %)
2020	904.59	(58.7 %)	306.96	(75.9 %)	(545.94)	(255.6 %)
Q1 2021	186.26	(53.0 %)	58.56	(68.4 %)	(143.81)	(30.5 %)
Q2 2021	285.62	106.7 %	174.48	562.5 %	(64.04)	58.2 %
Q3 2021	369.12	160.0 %	186.08	517.1 %	(52.55)	70.9 %
Q4 2021	487.46	114.1 %	187.78	187.7 %	(104.24)	(2.2 %)
2021	1,328.45	46.9 %	606.90	97.7 %	(364.62)	33.2 %
Q1 2022	460.80	147.4 %	162.25	177.1 %	(72.12)	49.8 %
Q2 2022	524.39	83.6 %	222.37	27.4 %	(53.20)	16.9 %
Q3 2022	512.00	38.7 %	254.88	37.0 %	78.70	249.8 %
Q4 2022	617.19	26.6 %	284.65	51.6 %	(49.26)	52.7 %
2022	2,114.38	59.2 %	924.14	52.3 %	(153.27)	58.0 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2013	6,260.27	16.1 %	1,341.42	16.8 %	895.01	15.4 %
2014	7,711.37	23.2 %	1,620.86	20.8 %	1,067.48	19.3 %
2015	8,631.04	11.9 %	1,800.33	11.1 %	1,107.93	3.8 %
2016	2,144.47	(75.2 %)	1,670.60	(7.2 %)	995.11	(10.2 %)
2017	2,107.02	(1.7 %)	1,603.08	(4.0 %)	775.43	(22.1 %)
2018	2,301.33	9.2 %	1,427.01	(11.0 %)	580.76	(25.1 %)
2019	2,190.25	(4.8 %)	1,273.00	(10.8 %)	350.94	(39.6 %)
2020	904.59	(58.7 %)	306.96	(75.9 %)	(545.94)	(255.6 %)
2021	1,328.45	46.9 %	606.90	97.7 %	(364.62)	33.2 %
2022	2,114.38	59.2 %	924.14	52.3 %	(153.27)	58.0 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2013	217.90	42.5 %	0.76	2.17	215.73	0.75
Q2 2013	336.18	37.8 %	1.17	34.71	301.47	1.05
Q3 2013	214.87	6.7 %	0.75	(1.60)	216.46	0.76
Q4 2013	208.27	32.5 %	0.73	3.24	205.03	0.72
2013	977.22	29.4 %	3.41	38.52	938.70	3.28
Q1 2014	280.00	28.5 %	0.98	29.12	250.88	0.88
Q2 2014	363.69	8.2 %	1.27	(0.20)	363.89	1.27
Q3 2014	243.77	13.5 %	0.85	0.95	242.82	0.85
Q4 2014	231.47	11.1 %	0.81	(31.69)	263.16	0.92
2014	1,118.93	14.5 %	3.91	(1.82)	1,120.75	3.92
Q1 2015	285.63	2.0 %	1.00	-	285.63	1.00
Q2 2015	395.55	8.8 %	1.38	(20.00)	415.55	1.45
Q3 2015	265.12	8.8 %	0.93	(10.00)	275.12	0.96
Q4 2015	215.26	(7.0 %)	0.75	(37.10)	252.36	0.88
2015	1,161.56	3.8 %	4.06	(67.10)	1,228.65	4.29
Q1 2016	191.05	(33.1 %)	0.64	(24.87)	215.91	0.72
Q2 2016	296.85	(25.0 %)	0.99	(48.67)	345.52	1.15
Q3 2016	186.84	(29.5 %)	0.62	(7.74)	194.58	0.65
Q4 2016	139.03	(35.4 %)	0.46	10.12	128.91	0.43
2016	813.77	(29.9 %)	2.71	(71.15)	884.92	2.95
Q1 2017	136.73	(28.4 %)	0.46	-	136.73	0.46
Q2 2017	211.94	(28.6 %)	0.71	-	211.94	0.71
Q3 2017	131.77	(29.5 %)	0.44	-	131.77	0.44
Q4 2017	16.36	(88.2 %)	0.05	(74.40)	90.76	0.30
2017	496.80	(39.0 %)	1.66	(74.40)	571.19	1.90
Q1 2018	85.57	(37.4 %)	0.29	(17.80)	103.38	0.34
Q2 2018	107.22	(49.4 %)	0.36	70.58	36.64	0.12
Q3 2018	(355.41)	(369.7 %)	(1.18)	(440.77)	85.36	0.28
Q4 2018	17.66	7.9 %	0.06	(91.69)	109.35	0.36
2018	(144.96)	(129.2 %)	(0.48)	(479.68)	334.72	1.12
Q1 2019	47.31	(44.7 %)	0.16	5.39	41.92	0.14
Q2 2019	65.16	(39.2 %)	0.22	-	65.16	0.22
Q3 2019	63.03	117.7 %	0.21	-	63.03	0.21
Q4 2019	10.08	(42.9 %)	0.03	(49.28)	59.37	0.20
2019	185.59	228.0 %	0.62	(43.90)	229.49	0.76
Q1 2020	1,113.50	2253.6 %	3.71	1,234.85	(121.35)	(0.40)
Q2 2020	(170.21)	(361.2 %)	(0.57)	-	(170.21)	(0.57)
Q3 2020	(176.99)	(380.8 %)	(0.59)	9.21	(186.20)	(0.62)
Q4 2020	(748.12)	(7520.4 %)	(2.49)	(632.15)	(115.97)	(0.39)
2020	18.18	(90.2 %)	0.06	611.90	(593.72)	(1.98)
Q1 2021	(129.98)	(111.7 %)	(0.43)	-	(129.98)	(0.43)
Q2 2021	(98.56)	42.1 %	(0.33)	-	(98.56)	(0.33)
Q3 2021	(72.27)	59.2 %	(0.24)	-	(72.27)	(0.24)
Q4 2021	(70.73)	90.5 %	(0.24)	68.50	(139.22)	(0.46)
2021	(371.54)	(2143.5 %)	(1.24)	68.50	(440.04)	(1.47)
Q1 2022	(63.26)	51.3 %	(0.21)	-	(63.26)	(0.21)
Q2 2022	(69.08)	29.9 %	(0.23)	-	(69.08)	(0.23)
Q3 2022	53.42	173.9 %	0.18	48.46	4.95	0.02
Q4 2022	31.19	144.1 %	0.10	0.11	31.08	0.10
2022	(47.73)	87.2 %	(0.16)	48.57	(96.30)	(0.32)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2013	977.22	29.4 %	3.41	38.52	938.70	3.28
2014	1,118.93	14.5 %	3.91	(1.82)	1,120.75	3.92
2015	1,161.56	3.8 %	4.06	(67.10)	1,228.65	4.29
2016	813.77	(29.9 %)	2.71	(71.15)	884.92	2.95
2017	496.80	(39.0 %)	1.66	(74.40)	571.19	1.90
2018	(144.96)	(129.2 %)	(0.48)	(479.68)	334.72	1.12
2019	185.59	228.0 %	0.62	(43.90)	229.49	0.76
2020	18.18	(90.2 %)	0.06	611.90	(593.72)	(1.98)
2021	(371.54)	(2143.5 %)	(1.24)	68.50	(440.04)	(1.47)
2022	(47.73)	87.2 %	(0.16)	48.57	(96.30)	(0.32)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2013	21.61 %	15.53 %	14.63 %
Q2 2013	21.19 %	15.31 %	14.96 %
Q3 2013	20.83 %	14.88 %	14.86 %
Q4 2013	21.43 %	15.01 %	14.99 %
2013	21.43 %	15.01 %	14.99 %
Q1 2014	21.60 %	15.06 %	14.99 %
Q2 2014	21.71 %	15.24 %	15.23 %
Q3 2014	21.82 %	15.06 %	14.92 %
Q4 2014	21.04 %	14.66 %	14.53 %
2014	21.02 %	14.63 %	14.53 %
Q1 2015	21.06 %	14.63 %	14.31 %
Q2 2015	20.86 %	14.45 %	14.23 %
Q3 2015	20.65 %	14.19 %	14.36 %
Q4 2015	20.75 %	13.90 %	14.24 %
2015	20.86 %	13.90 %	14.24 %
Q1 2016	24.99 %	16.54 %	16.52 %
Q2 2016	33.02 %	21.81 %	20.75 %
Q3 2016	44.75 %	29.96 %	26.09 %
Q4 2016	77.90 %	51.05 %	41.27 %
2016	77.90 %	51.05 %	41.27 %
Q1 2017	77.75 %	49.56 %	38.81 %
Q2 2017	75.16 %	45.21 %	33.14 %
Q3 2017	74.95 %	42.99 %	30.56 %
Q4 2017	76.08 %	42.76 %	27.11 %
2017	76.08 %	42.76 %	27.11 %
Q1 2018	75.96 %	41.52 %	25.34 %
Q2 2018	76.05 %	39.38 %	17.43 %
Q3 2018	71.73 %	36.75 %	14.33 %
Q4 2018	65.07 %	33.89 %	15.26 %
2018	62.01 %	32.30 %	14.54 %
Q1 2019	61.85 %	30.64 %	12.30 %
Q2 2019	58.89 %	27.16 %	13.57 %
Q3 2019	57.95 %	25.13 %	12.41 %
Q4 2019	55.83 %	25.28 %	10.07 %
2019	58.12 %	26.31 %	10.48 %
Q1 2020	53.34 %	19.61 %	3.06 %
Q2 2020	47.50 %	11.42 %	(9.55 %)
Q3 2020	41.07 %	(4.57 %)	(32.92 %)
Q4 2020	33.93 %	(28.19 %)	(65.63 %)
2020	33.93 %	(28.19 %)	(65.63 %)
Q1 2021	25.98 %	(41.70 %)	(86.77 %)
Q2 2021	39.03 %	(22.46 %)	(63.06 %)
Q3 2021	45.32 %	(5.10 %)	(39.00 %)
Q4 2021	45.68 %	(3.31 %)	(33.12 %)
2021	45.68 %	(3.31 %)	(33.12 %)
Q1 2022	44.33 %	3.21 %	(23.29 %)
Q2 2022	41.18 %	3.76 %	(18.67 %)
Q3 2022	41.68 %	11.73 %	(13.43 %)
Q4 2022	43.71 %	14.23 %	(4.55 %)
2022	43.71 %	11.51 %	(4.55 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2013	21.43 %	15.01 %	14.99 %
2014	21.02 %	14.63 %	14.53 %
2015	20.86 %	13.90 %	14.24 %
2016	77.90 %	51.05 %	41.27 %
2017	76.08 %	42.76 %	27.11 %
2018	62.01 %	32.30 %	14.54 %
2019	58.12 %	26.31 %	10.48 %
2020	33.93 %	(28.19 %)	(65.63 %)
2021	45.68 %	(3.31 %)	(33.12 %)
2022	43.71 %	11.51 %	(4.55 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2013	19.39 %	13.83 %	13.87 %
Q2 2013	24.11 %	17.91 %	18.05 %
Q3 2013	20.69 %	14.80 %	15.01 %
Q4 2013	21.27 %	13.32 %	12.87 %
Q1 2014	20.29 %	14.14 %	14.01 %
Q2 2014	24.07 %	18.08 %	18.40 %
Q3 2014	21.35 %	14.17 %	13.80 %
Q4 2014	18.67 %	12.38 %	12.04 %
Q1 2015	20.49 %	14.10 %	13.27 %
Q2 2015	22.85 %	16.86 %	17.41 %
Q3 2015	20.33 %	13.01 %	14.43 %
Q4 2015	19.08 %	11.23 %	11.55 %
Q1 2016	75.32 %	49.44 %	40.36 %
Q2 2016	84.52 %	62.21 %	55.61 %
Q3 2016	73.43 %	49.97 %	37.17 %
Q4 2016	77.06 %	39.19 %	27.74 %
Q1 2017	74.28 %	42.59 %	29.30 %
Q2 2017	75.92 %	47.89 %	36.95 %
Q3 2017	72.44 %	41.26 %	26.95 %
Q4 2017	80.79 %	39.08 %	15.71 %
Q1 2018	73.80 %	37.14 %	21.46 %
Q2 2018	76.28 %	40.02 %	6.90 %
Q3 2018	57.66 %	31.44 %	13.88 %
Q4 2018	55.16 %	28.04 %	19.34 %
Q1 2019	59.32 %	22.80 %	8.23 %
Q2 2019	63.84 %	25.48 %	12.19 %
Q3 2019	54.40 %	24.12 %	9.82 %
Q4 2019	47.19 %	28.48 %	10.00 %
Q1 2020	46.69 %	(8.86 %)	(30.59 %)
Q2 2020	19.06 %	(62.61 %)	(123.15 %)
Q3 2020	21.24 %	(74.36 %)	(131.15 %)
Q4 2020	28.66 %	(12.20 %)	(50.93 %)
Q1 2021	31.44 %	(37.36 %)	(69.78 %)
Q2 2021	61.09 %	4.89 %	(34.51 %)
Q3 2021	50.41 %	7.84 %	(19.58 %)
Q4 2021	38.52 %	(3.54 %)	(28.56 %)
Q1 2022	35.21 %	5.61 %	(13.73 %)
Q2 2022	42.41 %	6.05 %	(13.17 %)
Q3 2022	49.78 %	37.59 %	0.97 %
Q4 2022	46.12 %	8.23 %	5.04 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2013	286.19	2.87	2.86	6.05
Q2 2013	286.19	3.19	3.06	7.22
Q3 2013	286.19	3.24	3.11	7.13
Q4 2013	286.19	3.41	3.28	7.86
Q1 2014	286.19	3.63	3.40	7.88
Q2 2014	286.19	3.73	3.62	9.26
Q3 2014	286.19	3.83	3.71	9.12
Q4 2014	286.19	3.91	3.92	9.93
Q1 2015	286.19	3.93	4.04	10.83
Q2 2015	286.19	4.04	4.22	12.25
Q3 2015	286.19	4.12	4.33	13.14
Q4 2015	286.19	4.06	4.29	13.88
Q1 2016	300.00	3.56	3.86	16.80
Q2 2016	300.00	3.23	3.63	17.77
Q3 2016	300.00	2.97	3.36	18.39
Q4 2016	300.00	2.71	2.95	18.67
Q1 2017	300.00	2.53	2.69	19.17
Q2 2017	300.00	2.25	2.24	19.90
Q3 2017	300.00	2.06	2.03	20.03
Q4 2017	300.00	1.66	1.90	20.12
Q1 2018	300.00	1.49	1.79	20.02
Q2 2018	300.00	1.14	1.21	20.32
Q3 2018	300.00	(0.49)	1.05	18.85
Q4 2018	300.00	(0.48)	1.12	18.76
Q1 2019	300.00	(0.61)	0.91	19.04
Q2 2019	300.00	(0.75)	1.01	19.24
Q3 2019	300.00	0.64	0.93	19.33
Q4 2019	300.00	0.62	0.76	19.45
Q1 2020	300.00	4.17	0.22	23.18
Q2 2020	300.00	3.39	(0.56)	22.63
Q3 2020	300.00	2.59	(1.39)	22.07
Q4 2020	300.00	0.06	(1.98)	19.70
Q1 2021	300.00	(4.08)	(2.01)	19.19
Q2 2021	300.00	(3.85)	(1.77)	18.83
Q3 2021	300.00	(3.50)	(1.39)	18.63
Q4 2021	300.00	(1.24)	(1.47)	18.36
Q1 2022	300.00	(1.02)	(1.24)	18.00
Q2 2022	300.00	(0.92)	(1.15)	17.55
Q3 2022	300.00	(0.50)	(0.89)	17.82
Q4 2022	300.00	(0.16)	(0.32)	18.07

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2013	286.19	3.41	3.28	7.86
2014	286.19	3.91	3.92	9.93
2015	286.19	4.06	4.29	13.88
2016	300.00	2.71	2.95	18.67
2017	300.00	1.66	1.90	20.12
2018	300.00	(0.48)	1.12	18.76
2019	300.00	0.62	0.76	19.45
2020	300.00	0.06	(1.98)	19.70
2021	300.00	(1.24)	(1.47)	18.36
2022	300.00	(0.16)	(0.32)	18.07

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2013	9.26	9.28	4.39
Q2 2013	9.07	9.45	4.01
Q3 2013	12.30	12.79	5.58
Q4 2013	13.78	14.35	5.99
Q1 2014	17.26	18.42	7.96
Q2 2014	17.68	18.20	7.12
Q3 2014	20.73	21.37	8.70
Q4 2014	16.73	16.71	6.59
Q1 2015	18.82	18.32	6.83
Q2 2015	17.93	17.18	5.91
Q3 2015	13.59	12.91	4.25
Q4 2015	13.06	12.35	3.82
Q1 2016	6.89	6.34	1.46
Q2 2016	7.81	6.94	1.42
Q3 2016	6.53	5.77	1.05
Q4 2016	9.45	8.69	1.37
Q1 2017	8.50	8.01	1.12
Q2 2017	9.65	9.68	1.09
Q3 2017	11.73	11.92	1.21
Q4 2017	11.41	9.93	0.94
Q1 2018	13.50	11.18	1.00
Q2 2018	16.53	15.54	0.92
Q3 2018	NEG	15.39	0.86
Q4 2018	NEG	12.54	0.75
Q1 2019	NEG	21.88	1.05
Q2 2019	NEG	17.77	0.93
Q3 2019	28.89	19.97	0.96
Q4 2019	35.40	28.63	1.13
Q1 2020	3.33	62.98	0.60
Q2 2020	4.72	NEG	0.71
Q3 2020	7.39	NEG	0.87
Q4 2020	More than 100	NEG	0.96
Q1 2021	NEG	NEG	0.98
Q2 2021	NEG	NEG	1.15
Q3 2021	NEG	NEG	1.17
Q4 2021	NEG	NEG	0.94
Q1 2022	NEG	NEG	1.17
Q2 2022	NEG	NEG	0.91
Q3 2022	NEG	NEG	1.08
Q4 2022	NEG	NEG	0.96

Period	P/E	Adjusted P/E	Price/book
2013	13.78	14.35	5.99
2014	16.73	16.71	6.59
2015	13.06	12.35	3.82
2016	9.45	8.69	1.37
2017	11.41	9.93	0.94
2018	NEG	12.54	0.75
2019	35.40	28.63	1.13
2020	More than 100	NEG	0.96
2021	NEG	NEG	0.94
2022	NEG	NEG	0.96

Business Segments (Million)

Compared With The

Period	Tourism	Transportation	Ticketing	Hospitality sector	Other sectors	Property rentals	Airline tickets / Travel and Tourism Reservations	Shipping	Transportation and other	Eliminations
Q1 2013	-	-	-	-	-	-	1,520.17	22.99	11.80	-
Q2 2013	-	-	-	-	-	-	1,619.05	34.37	16.99	-
Q3 2013	-	-	-	-	-	-	1,388.81	34.46	18.64	-
Q4 2013	-	-	-	-	-	-	1,537.72	37.37	17.90	-
Q1 2014	-	-	-	-	-	-	1,742.78	33.01	14.52	-
Q2 2014	-	-	-	-	-	-	1,925.79	39.55	12.62	-
Q3 2014	-	-	-	-	-	-	1,690.47	49.80	19.19	-
Q4 2014	-	-	-	-	-	-	2,098.82	39.06	45.78	-
Q1 2015	-	-	-	-	-	-	2,046.43	32.89	73.26	-
Q2 2015	-	-	-	-	-	-	2,257.11	51.89	77.88	-
Q3 2015	-	-	-	-	-	-	1,787.27	38.38	81.06	-
Q4 2015	-	-	-	-	-	-	2,055.07	36.69	93.11	-
Q1 2016	149.27	23.18	357.28	-	4.34	8.72	-	-	-	(7.83)
Q2 2016	120.62	26.28	467.13	-	4.97	10.29	-	-	-	(7.91)
Q3 2016	156.10	25.72	333.85	-	4.83	12.15	-	-	-	(9.20)
Q4 2016	96.70	32.27	315.63	-	4.27	18.86	-	-	-	(3.06)
Q1 2017	145.68	25.85	282.25	8.95	2.93	0.97	-	-	-	-
Q2 2017	136.84	36.13	366.27	14.15	19.78	14.97	-	-	-	(14.62)
Q3 2017	154.44	53.65	258.80	19.68	-	26.23	-	-	-	(17.88)
Q4 2017	145.68	44.29	555.26	-	6.66	21.31	-	-	-	(195.33)
Q1 2018	151.78	45.42	269.24	11.85	10.54	20.00	-	-	-	(27.13)
Q2 2018	131.80	48.00	326.63	26.92	6.68	15.00	-	-	-	(24.12)
Q3 2018	155.22	313.69	222.04	36.09	2.58	17.50	-	-	-	(23.83)
Q4 2018	97.85	195.51	258.19	4.17	3.47	23.84	-	-	-	(17.61)
Q1 2019	152.84	102.35	234.05	13.06	8.16	15.00	-	-	-	(15.89)
Q2 2019	122.88	118.89	263.03	26.44	5.58	20.00	-	-	-	(22.30)
Q3 2019	151.63	138.88	231.54	27.02	4.05	17.50	-	-	-	(18.35)
Q4 2019	165.59	184.09	229.65	11.93	11.54	19.16	-	-	-	(28.07)
Q1 2020	129.28	153.46	107.21	16.12	8.19	10.21	-	-	-	(27.80)
Q2 2020	9.89	90.09	6.34	24.54	2.57	(2.86)	-	-	-	7.67
Q3 2020	18.74	108.13	13.57	5.52	5.22	(4.18)	-	-	-	(5.03)
Q1 2021	26.85	125.20	28.26	5.13	7.76	1.31	-	-	-	(8.25)
Q2 2021	48.82	129.01	92.45	12.27	10.19	1.41	-	-	-	(8.63)
Q3 2021	102.56	149.38	111.00	4.66	7.30	1.44	-	-	-	(7.11)
Q4 2021	207.53	158.94	102.87	13.76	14.82	1.30	-	-	-	(11.77)
Q1 2022	189.85	179.28	69.66	17.42	12.55	1.72	-	-	-	(9.69)
Q2 2022	199.75	177.55	107.48	27.27	18.71	0.19	-	-	-	(6.54)
Q3 2022	206.77	194.44	69.75	26.32	19.48	1.08	-	-	-	(5.84)
Q4 2022	212.72	273.52	113.48	25.12	(2.10)	2.18	-	-	-	(7.73)

Period	Tourism	Transportation	Ticketing	Hospitality sector	Other sectors	Property rentals	Airline tickets / Travel and Tourism Reservations	Shipping	Transportation and other	Eliminations
2013	-	-	-	-	-	-	6,065.75	129.19	65.33	-
2014	-	-	-	-	-	-	7,457.86	161.41	92.10	-
2015	-	-	-	-	-	-	8,145.88	159.85	325.31	-
2016	522.68	107.46	1,473.89	-	18.42	50.02	-	-	-	(28.00)
2017	622.98	170.44	1,745.55	-	23.48	106.26	-	-	-	(561.69)
2018	536.66	602.62	1,076.10	79.03	23.28	76.34	-	-	-	(92.69)
2019	592.94	544.21	958.27	78.45	29.33	71.66	-	-	-	(84.61)
2020	265.45	482.34	117.99	49.75	25.13	4.53	-	-	-	(40.59)
2021	385.76	562.53	334.57	35.82	40.07	5.45	-	-	-	(35.76)
2022	809.09	824.79	360.37	96.13	48.64	5.16	-	-	-	(29.80)

Analysts Estimates (Million)

Item	Q4 2022 (e)	Q4 2022 (a)	Change‬
Average	19.58	31.19	59.31 %

Estimates vs Actual (Million)

Item	Q4 2022 (e)	Q4 2022 (a)	Change
OSOOL AND BAKHEET	31.94	31.19	(2.3) %
SNB Capital	20.30	31.19	53.7 %
AlJazira Capital	6.50	31.19	379.9 %

Financial Ratios

	Current
Market Cap (M Riyal)	6,750.00
Enterprise Value (EV) (M)	8,134.30
Shares Outstanding ((M))	300.00
EPS ( Riyal) (TTM)	0.80
Book Value (BV) ( Riyal)	22.32
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	More than 100
P/E (TTM)	28.12
Price/book	1.01
Return on Average Assets (%) (TTM)	2.2
Return on Average Equity (%) (TTM)	3.7

Seera Group Holding (SEERA)

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Seera narrows net loss to SAR 48 mln in 2022, turns to SAR 31.2 mln profit in Q4

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Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

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Per Share Data (Riyal)

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Ratios And Multiples

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Seera narrows net loss to SAR 48 mln in 2022, turns to SAR 31.2 mln profit in Q4

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Financials (M)

Current Quarter Comparison (M)

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) Q4 2022

Revenue by Business Segment (Latest) 2022 Q4

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Seera Group Holding (SEERA)

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Business Segments (Million)