Analyst outlook on Taiba Q4 2024 results
In this report, Argaam highlights the expected results of Taiba Investments Co. for the fourth quarter of 2024, its key events, quarterly profit and sales, and performance indicators.
The fourth-quarter revenue is forecast to leap 76.81% year-on-year (YoY) to SAR 311 million.
Quarter Revenue Changes (M Riyal)
Item | Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 (Average Estimate) |
---|---|---|---|---|---|
Sales | 175.90 | 332.07 | 377.40 | 268.52 | 311.00 |
Change % | 69.23% | 199.27% | 187.83% | 126.72% | 76.81% |
Income from Affiliate | 0.89 | 0.00 | (6.94) | (2.17) | NA |
Change % | NA | NA | NA | NA | NA |
Quarter Net Income Changes (M Riyal)
Item | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 (Average Estimate) |
---|---|---|---|---|---|
Net Income | (33.71) | 110.50 | 87.50 | 59.26 | 76.20 |
Extraordinary income/expense | (104.16) | 0.00 | 0.00 | 0.00 | - |
Net Profit Before Unusual Items | 70.44 | 110.50 | 87.50 | 59.26 | - |
EPS Before Unusual Items (Riyal/Share) | 0.38 | 0.42 | 0.34 | 0.23 | 0.29 |
Quarterly Profit and Revenue (M Riyal)
Average estimates
Taiba’s Q4 2024 net profit is projected to reach SAR 76.2 million, an 8.2% increase (before exceptional and non-recurring items) from Q4 2023, according to estimates by one research house.
Quarterly Actuals vs Estimates (M Riyal)
Average Estimate (M Riyal)
Analyst | Million Riyals |
---|---|
SNB Capital Company | 76.20 |
Average | 76.20 |
Net Profit Before Unusual Items (2023 - Q4) | 70.44 |
Change % | 8.18% |
Performance and Profitability Indicators
The following table illustrates the stock performance, P/E and earnings per share trailing 12 months (TTM) and year to date:
Stock Performance
Item | The Company | TASI |
---|---|---|
YTD | 20.80 % | 2.44 % |
Change(12M) | 38.49 % | (1.04 %) |
Previous Close | 49.05 | 12,372.07 |
P/E adjusted (x) | 38.99 | 24.15 |
EPS (TTM) before unusual items (SAR/Share) | 1.37 | - |
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Valuation Data (Latest Share Price)
P/E (TTM) | 57.85 |
P/E Before Unusual Items (TTM) | 39.46 |
P/BV | 1.93 |
Dividend Yield | 2.43 % |
Market Cap. (M) | 12,931.84 |
Return on Average Assets | 3.09 % |
Return on Average Equity | 4.20 % |
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