Al-Jouf Mineral Water’s H1 2022 net profit rises 8% to SAR 2.8 mln

Al-Jouf Mineral Water’s H1 2022 net profit rises 8% to SAR 2.8 mln

15/08/2022 Argaam Exclusive

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Al-Jouf Mineral Water Bottling Co. reported a net profit after Zakat and tax of SAR 2.8 million in H1 2022, an increase of 8% from SAR 2.6 million in the prior-year period.



Financials (M)

Item 6m 2021 6m 2022 Change‬
Revenues 32.53 36.08 10.9 %
Gross Income 16.92 18.53 9.5 %
Operating Income 2.76 2.91 5.7 %
Net Income 2.60 2.81 8.2 %
Average Shares 4.69 4.69 -
EPS (Riyals) 0.55 0.60 8.2 %

This was triggered by a 10.92% year-on-year (YoY) revenue growth to SAR 36.08 million during the six-month period.



Current Half Annual Comparison (M)

Compared With The
Item H1 2021 H1 2022 Change‬
Revenues 32.53 36.08 10.9 %
Gross Income 16.92 18.53 9.5 %
Operating Income 2.76 2.91 5.7 %
Net Income 2.60 2.81 8.2 %
Average Shares 4.69 4.69 -
EPS (Riyals) 0.55 0.60 8.2 %

Total shareholders’ equity, excluding minority interest, stood at SAR 80.89 million by the end of H1 2022, compared to SAR 55.84 million in the year-earlier period.



Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
H1 2013 - - - - - -
H2 2013 - - - - - -
H1 2014 - - - - - -
H2 2014 - - - - - -
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 - - - - - -
H2 2019 - - - - - -
H1 2020 40.66 - 20.90 - 2.72 -
H2 2020 30.97 - 15.87 - 1.99 -
H1 2021 32.53 (20.0 %) 16.92 (19.0 %) 2.76 1.4 %
H2 2021 35.10 13.3 % 17.32 9.2 % 2.52 26.5 %
H1 2022 36.08 10.9 % 18.53 9.5 % 2.91 5.7 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
H1 2013 - - - - - -
H2 2013 - - - - - -
H1 2014 - - - - - -
H2 2014 - - - - - -
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 - - - - - -
H2 2019 - - - - - -
H1 2020 2.27 - 0.48 - 2.27 0.48
H2 2020 2.30 - 0.49 - 2.30 0.49
H1 2021 2.60 14.2 % 0.55 - 2.60 0.55
H2 2021 2.11 (8.2 %) 0.45 - 2.11 0.45
H1 2022 2.81 8.2 % 0.60 - 2.81 0.60

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
H1 2013 - - -
H2 2013 - - -
H1 2014 - - -
H2 2014 - - -
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 51.32 % 15.02 % 6.38 %
H1 2021 51.63 % 16.95 % 7.70 %
H2 2021 50.63 % 16.79 % 6.95 %
H1 2022 50.37 % 15.95 % 6.91 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
H1 2013 - - - -
H2 2013 - - - -
H1 2014 - - - -
H2 2014 - - - -
H1 2015 - - - -
H2 2015 - - - -
H1 2016 - - - -
H2 2016 - - - -
H1 2017 - - - -
H2 2017 - - - -
H1 2018 - - - -
H2 2018 - - - -
H1 2019 - - - -
H2 2019 - - - -
H1 2020 4.69 - - -
H2 2020 4.69 0.97 0.97 11.36
H1 2021 4.69 1.04 1.04 11.91
H2 2021 4.69 1.00 1.00 12.36
H1 2022 4.69 1.05 1.05 17.26

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
H1 2013 - - -
H2 2013 - - -
H1 2014 - - -
H2 2014 - - -
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 40.65 40.65 2.47

Current
Market Cap (M Riyal) 124.29
Enterprise Value (EV) (M) 171.23
Shares Outstanding ((M)) 4.69
Book Value (BV) ( Riyal) 18.60
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 30.28
Price/book 1.43

Share Price

Aljouf Mineral Water Bottling Co. (ALJOUF WATER)


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