Almuneef’s net profit slumps 15% to SAR 17.6M in 2023

31/03/2024 Argaam Exclusive

Almuneef Co. for Trade, Industry, Agriculture and Contracting’s (Almuneef) net profit dropped 15% to SAR 17.6 million in 2023, from SAR 20.6 million a year earlier, on lower sales value given the decreased prices of the company’s main products.



Financials (M)

Item 2022 2023 Change‬
Revenues 318.43 246.30 (22.7 %)
Gross Income 32.64 27.94 (14.4 %)
Operating Income 22.52 19.87 (11.8 %)
Net Income 20.63 17.58 (14.8 %)
Average Shares 3.80 3.80 -
EPS (Riyals) 5.43 4.63 (14.8 %)


Current Half Annual Comparison (M)

Compared With The
Item H2 2022 H2 2023 Change‬
Revenues 169.41 121.96 (28.0 %)
Gross Income 15.20 13.75 (9.5 %)
Operating Income 10.46 9.00 (14.0 %)
Net Income 8.85 7.04 (20.5 %)
Average Shares 3.80 3.80 -
EPS (Riyals) 2.33 1.85 (20.5 %)

Total shareholders’ equity, no minority interest, jumped to SAR 75.54 million by Dec. 31, 2023, compared to SAR 61.15 million a year ago.

 

Historical Data

Period

Revenue

(SAR mln)

Net profit

(SAR mln)

EPS

(SAR)

H1 2022

149.03

11.77

3.10

H2 2022

169.4

8.86

2.33

H1 2023

124.34

10.54

2.77

H2 2023

121.96

7.04

1.85
 

View More Financial Results

 

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Share Price

Almuneef Company for Trade, Industry, Agriculture and Contracting
56.90
2.90 5.37 %

Almuneef Company for Trade, Industry, Agriculture and Contracting (ALMUNEEF)

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Financial Ratios
Current
Market Cap (M Riyal) 216.22
Enterprise Value (EV) (M) 186.17
Shares Outstanding ((M)) 3.80
Book Value (BV) ( Riyal) 24.85
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 12.30
Price/book 2.29
more


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
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 76.70 - 22.04 - 8.62 -
H2 2021 111.06 - 5.17 - 11.65 -
H1 2022 149.03 94.3 % 17.43 (20.9 %) 12.06 39.8 %
H2 2022 169.41 52.5 % 15.20 194.2 % 10.46 (10.2 %)
H1 2023 124.34 (16.6 %) 14.18 (18.6 %) 10.87 (9.8 %)
H2 2023 121.96 (28.0 %) 13.75 (9.5 %) 9.00 (14.0 %)
2023 246.30 (22.7 %) 27.94 (14.4 %) 19.87 (11.8 %)


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
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 8.54 - 10.81 - 8.54 10.81
H2 2021 11.44 - 3.01 - 11.44 3.01
H1 2022 11.77 37.9 % 3.10 - 11.77 3.10
H2 2022 8.85 (22.6 %) 2.33 - 8.85 2.33
H1 2023 10.54 (10.5 %) 2.77 - 10.54 2.77
H2 2023 7.04 (20.5 %) 1.85 - 7.04 1.85
2023 17.58 (14.8 %) 4.63 - 17.58 4.63

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
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 14.49 % 14.54 % 10.64 %
H1 2022 8.69 % 11.85 % 8.92 %
H2 2022 10.25 % 9.36 % 6.48 %
H1 2023 10.00 % 9.69 % 6.60 %
H2 2023 11.34 % 10.90 % 7.14 %
2023 11.34 % 10.90 % 7.14 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
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 0.79 - - 18.53
H2 2021 3.80 5.26 5.26 14.66
H1 2022 3.80 6.11 6.11 17.76
H2 2022 3.80 5.43 5.43 20.12
H1 2023 3.80 5.10 5.10 22.89
H2 2023 3.80 4.63 4.63 24.85

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
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 - - -
H2 2022 - - -
H1 2023 13.66 13.66 3.04
H2 2023 11.09 11.09 2.06

Business Segments (Million)

Compared With The
Period Agriculture sector Transportation sector Stations sector
Q2 2021 64.72 7.23 4.76
Q4 2021 100.48 7.88 2.69
Q2 2022 140.51 8.52 -
Q4 2022 160.64 8.77 -
Q2 2023 117.37 6.96 -
Q4 2023 114.21 7.74 -

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