Al Othaim posts SAR 490.7M profit in 2023, SAR 168.9M in Q4

Abdullah Al Othaim Markets Co. posted a net profit of SAR 490.7 million for 2023, compared to SAR 1.07 billion in 2022.

Financials (M)

Item	2022	2023	Change‬
Revenues	9,549.55	10,203.78	6.9 %
Gross Income	2,085.62	2,271.50	8.9 %
Operating Income	330.02	370.87	12.4 %
Net Income	1,079.51	490.69	(54.5 %)
Average Shares	900.00	900.00	-
EPS (Riyals)	1.20	0.55	(54.5 %)

The company attributed the profits to a 6.85% increase in sales from existing and new stores opened during the year, as well as improvements in profit margins and marketing lease activity and gains from investing excess cash in Shariah-compliant deposits.

Moreover, Al Othaim recovered SAR 4.1 million in impairment provisions related to the subsidiary in Egypt.

Meanwhile, expenses related to the new stores, mainly the finance cost of lease contracts, rose by SAR 25.3 million. The performance of the associate companies also fell by SAR 14.3 million.

Al Othaim reported non-recurring capital gains of SAR 96.9 million, after Zakat, from the sale of investment land in Riyadh, compared to SAR 701.2 million in 2022.

When eliminating the non-recurring capital gains, the growth in the company's net profits would be 3.23%.

The fourth-quarter net profit fell 1.1% to SAR 168.87 million from SAR 170.80 million in Q4 2022, on higher expenses related to the new store openings, mainly the finance cost of lease contracts reaching SAR 6.5 million. The performance of the associate companies fell by SAR 4 million.

Compared to Q3 2023, Al Othaim’s bottom line jumped by 170.7% from SAR 62.38 million as sales grew and profit margin improved due to the increase in incentives related to achieving the sales targets from suppliers compared to the previous quarter, in addition to the increase in the performance of the associate companies.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2022	Q4 2023	Change‬
Revenues	2,492.10	2,563.43	2.9 %
Gross Income	628.55	649.72	3.4 %
Operating Income	159.98	161.37	0.9 %
Net Income	170.80	168.87	(1.1 %)
Average Shares	900.00	900.00	-
EPS (Riyals)	0.19	0.19	(1.1 %)

Item	Q3 2023	Q4 2023	Change‬
Revenues	2,444.68	2,563.43	4.9 %
Gross Income	539.73	649.72	20.4 %
Operating Income	86.68	161.37	86.2 %
Net Income	62.38	168.87	170.7 %
Average Shares	900.00	900.00	-
EPS (Riyals)	0.07	0.19	170.7 %

Total shareholders’ equity, after minority interest, decreased to SAR 1.35 billion as of Dec. 31, 2023, from SAR 1.40 billion in the year-earlier period.

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Share Price

Abdullah Al Othaim Markets Co. (A.OTHAIM MARKET)

	Current
Market Cap (M Riyal)	9,810.00
Enterprise Value (EV) (M)	9,872.51
Shares Outstanding ((M))	900.00
EPS ( Riyal) (TTM)	0.45
Book Value (BV) ( Riyal)	1.15
Par Value ( Riyal)	1.00
Adjusted P/E (Last12)	25.57
P/E (TTM)	24.19
Price/book	9.44
Return on Average Assets (%) (TTM)	6.6
Return on Average Equity (%) (TTM)	36.1

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2014	1,222.98	14.7 %	204.66	24.7 %	29.16	1.2 %
Q2 2014	1,511.39	30.2 %	219.39	24.4 %	37.34	91.4 %
Q3 2014	1,208.79	1.3 %	195.07	(2.2 %)	20.67	(6.3 %)
Q4 2014	1,308.74	12.9 %	252.01	9.0 %	62.57	24.6 %
2014	5,251.90	14.7 %	871.13	13.0 %	149.74	24.2 %
Q1 2015	1,408.03	15.1 %	212.36	3.8 %	28.31	(2.9 %)
Q2 2015	1,725.54	14.2 %	247.99	13.0 %	35.03	(6.2 %)
Q3 2015	1,348.87	11.6 %	221.39	13.5 %	17.48	(15.5 %)
Q4 2015	1,553.36	18.7 %	316.73	25.7 %	66.74	6.7 %
2015	6,035.80	14.9 %	998.47	14.6 %	147.56	(1.5 %)
Q1 2016	1,606.16	14.1 %	265.48	25.0 %	34.64	22.4 %
Q2 2016	1,976.23	14.5 %	312.31	25.9 %	28.75	(17.9 %)
Q3 2016	1,569.57	16.4 %	271.63	22.7 %	14.30	(18.2 %)
Q4 2016	1,907.19	22.8 %	362.34	14.4 %	88.29	32.3 %
2016	7,014.54	16.2 %	1,211.30	21.3 %	170.10	15.3 %
Q1 2017	1,696.23	5.6 %	319.69	20.4 %	47.29	36.5 %
Q2 2017	1,935.88	(2.0 %)	356.38	14.1 %	40.26	40.0 %
Q3 2017	1,627.85	3.7 %	318.56	17.3 %	27.23	90.4 %
Q4 2017	1,971.19	3.4 %	444.98	22.8 %	130.85	48.2 %
2017	7,231.14	3.1 %	1,439.60	18.8 %	245.28	44.2 %
Q1 2018	1,798.26	6.0 %	341.54	6.8 %	45.33	(4.1 %)
Q2 2018	2,022.47	4.5 %	375.18	5.3 %	44.73	11.1 %
Q3 2018	1,744.69	7.2 %	339.78	6.7 %	25.89	(4.9 %)
Q4 2018	1,939.04	(1.6 %)	474.84	6.7 %	132.16	1.0 %
2018	7,504.46	3.8 %	1,531.17	6.4 %	247.97	1.1 %
Q1 2019	1,959.32	9.0 %	386.48	13.2 %	58.11	28.2 %
Q2 2019	2,171.10	7.3 %	394.15	5.1 %	48.24	7.9 %
Q3 2019	1,936.92	11.0 %	400.01	17.7 %	67.00	158.8 %
Q4 2019	2,098.53	8.2 %	512.27	7.9 %	143.68	8.7 %
2019	8,165.88	8.8 %	1,692.91	10.6 %	317.03	27.9 %
Q1 2020	2,379.50	21.4 %	459.32	18.8 %	92.82	59.7 %
Q2 2020	2,574.43	18.6 %	512.15	29.9 %	147.37	205.5 %
Q3 2020	1,812.81	(6.4 %)	411.63	2.9 %	59.73	(10.9 %)
Q4 2020	2,044.77	(2.6 %)	528.05	3.1 %	159.63	11.1 %
2020	8,808.17	7.9 %	1,908.09	12.7 %	462.61	45.9 %
Q1 2021	2,097.15	(11.9 %)	419.22	(8.7 %)	47.30	(49.0 %)
Q2 2021	2,171.27	(15.7 %)	400.49	(21.8 %)	36.73	(75.1 %)
Q3 2021	2,000.74	10.4 %	400.94	(2.6 %)	36.21	(39.4 %)
Q4 2021	2,134.42	4.4 %	565.18	7.0 %	143.99	(9.8 %)
2021	8,403.69	(4.6 %)	1,787.84	(6.3 %)	264.23	(42.9 %)
Q1 2022	2,462.38	17.4 %	507.10	21.0 %	83.95	77.5 %
Q2 2022	2,254.52	3.8 %	468.72	17.0 %	40.45	10.1 %
Q3 2022	2,340.54	17.0 %	481.25	20.0 %	45.65	26.1 %
Q4 2022	2,492.10	16.8 %	628.55	11.2 %	159.98	11.1 %
2022	9,549.55	13.6 %	2,085.62	16.7 %	330.02	24.9 %
Q1 2023	2,784.64	13.1 %	574.25	13.2 %	101.76	21.2 %
Q2 2023	2,421.77	7.4 %	508.63	8.5 %	42.16	4.2 %
Q3 2023	2,444.68	4.4 %	539.73	12.2 %	86.68	89.9 %
Q4 2023	2,563.43	2.9 %	649.72	3.4 %	161.37	0.9 %
2023	10,203.78	6.9 %	2,271.50	8.9 %	370.87	12.4 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2014	5,251.90	14.7 %	871.13	13.0 %	149.74	24.2 %
2015	6,035.80	14.9 %	998.47	14.6 %	147.56	(1.5 %)
2016	7,014.54	16.2 %	1,211.30	21.3 %	170.10	15.3 %
2017	7,231.14	3.1 %	1,439.60	18.8 %	245.28	44.2 %
2018	7,504.46	3.8 %	1,531.17	6.4 %	247.97	1.1 %
2019	8,165.88	8.8 %	1,692.91	10.6 %	317.03	27.9 %
2020	8,808.17	7.9 %	1,908.09	12.7 %	462.61	45.9 %
2021	8,403.69	(4.6 %)	1,787.84	(6.3 %)	264.23	(42.9 %)
2022	9,549.55	13.6 %	2,085.62	16.7 %	330.02	24.9 %
2023	10,203.78	6.9 %	2,271.50	8.9 %	370.87	12.4 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2014	46.47	13.9 %	0.05	-	46.47	0.05
Q2 2014	51.79	30.3 %	0.06	-	51.79	0.06
Q3 2014	42.29	0.8 %	0.05	-	42.29	0.05
Q4 2014	74.23	6.0 %	0.08	-	74.23	0.08
2014	214.78	11.6 %	0.24	-	214.78	0.24
Q1 2015	48.89	5.2 %	0.05	-	48.89	0.05
Q2 2015	55.66	7.5 %	0.06	-	55.66	0.06
Q3 2015	37.09	(12.3 %)	0.04	-	37.09	0.04
Q4 2015	89.23	20.2 %	0.10	-	89.23	0.10
2015	230.87	7.5 %	0.26	-	230.87	0.26
Q1 2016	46.62	(4.6 %)	0.05	(8.60)	55.22	0.06
Q2 2016	49.76	(10.6 %)	0.06	-	49.76	0.06
Q3 2016	36.19	(2.4 %)	0.04	-	36.19	0.04
Q4 2016	95.50	7.0 %	0.11	(4.42)	99.92	0.11
2016	228.07	(1.2 %)	0.25	(13.02)	241.09	0.27
Q1 2017	60.15	29.0 %	0.07	-	60.15	0.07
Q2 2017	71.21	43.1 %	0.08	-	71.21	0.08
Q3 2017	150.62	316.2 %	0.17	100.08	50.54	0.06
Q4 2017	167.52	75.4 %	0.19	11.87	155.66	0.17
2017	449.50	97.1 %	0.50	111.94	337.56	0.38
Q1 2018	67.26	11.8 %	0.07	-	67.26	0.07
Q2 2018	74.11	4.1 %	0.08	-	74.11	0.08
Q3 2018	54.31	(63.9 %)	0.06	-	54.31	0.06
Q4 2018	106.92	(36.2 %)	0.12	(6.97)	113.89	0.13
2018	302.60	(32.7 %)	0.34	(6.97)	309.57	0.34
Q1 2019	68.34	1.6 %	0.08	-	68.34	0.08
Q2 2019	58.73	(20.7 %)	0.07	-	58.73	0.07
Q3 2019	75.38	38.8 %	0.08	-	75.38	0.08
Q4 2019	142.23	33.0 %	0.16	-	142.23	0.16
2019	344.67	13.9 %	0.38	-	344.67	0.38
Q1 2020	99.55	45.7 %	0.11	-	99.55	0.11
Q2 2020	125.25	113.3 %	0.14	-	125.25	0.14
Q3 2020	60.69	(19.5 %)	0.07	-	60.69	0.07
Q4 2020	165.48	16.3 %	0.18	6.87	158.61	0.18
2020	450.97	30.8 %	0.50	6.87	444.11	0.49
Q1 2021	57.68	(42.1 %)	0.06	-	57.68	0.06
Q2 2021	47.93	(61.7 %)	0.05	-	47.93	0.05
Q3 2021	44.87	(26.1 %)	0.05	-	44.87	0.05
Q4 2021	149.64	(9.6 %)	0.17	-	149.64	0.17
2021	300.12	(33.5 %)	0.33	-	300.12	0.33
Q1 2022	101.78	76.5 %	0.11	-	101.78	0.11
Q2 2022	50.04	4.4 %	0.06	-	50.04	0.06
Q3 2022	756.90	1586.9 %	0.84	719.18	37.72	0.04
Q4 2022	170.80	14.1 %	0.19	-	170.80	0.19
2022	1,079.51	259.7 %	1.20	719.18	360.33	0.40
Q1 2023	120.01	17.9 %	0.13	-	120.01	0.13
Q2 2023	139.43	178.6 %	0.15	99.48	39.95	0.04
Q3 2023	62.38	(91.8 %)	0.07	-	62.38	0.07
Q4 2023	168.87	(1.1 %)	0.19	4.07	164.80	0.18
2023	490.69	(54.5 %)	0.55	103.54	387.14	0.43

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2014	214.78	11.6 %	0.24	-	214.78	0.24
2015	230.87	7.5 %	0.26	-	230.87	0.26
2016	228.07	(1.2 %)	0.25	(13.02)	241.09	0.27
2017	449.50	97.1 %	0.50	111.94	337.56	0.38
2018	302.60	(32.7 %)	0.34	(6.97)	309.57	0.34
2019	344.67	13.9 %	0.38	-	344.67	0.38
2020	450.97	30.8 %	0.50	6.87	444.11	0.49
2021	300.12	(33.5 %)	0.33	-	300.12	0.33
2022	1,079.51	259.7 %	1.20	719.18	360.33	0.40
2023	490.69	(54.5 %)	0.55	103.54	387.14	0.43

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	17.14 %	4.57 %	4.18 %
Q2 2014	16.80 %	4.65 %	4.13 %
Q3 2014	16.67 %	4.66 %	4.13 %
Q4 2014	16.59 %	4.81 %	4.09 %
2014	16.59 %	4.81 %	4.09 %
Q1 2015	16.16 %	4.69 %	3.99 %
Q2 2015	16.06 %	4.53 %	3.91 %
Q3 2015	16.12 %	4.45 %	3.73 %
Q4 2015	16.54 %	4.58 %	3.83 %
2015	16.54 %	4.58 %	3.83 %
Q1 2016	16.87 %	4.62 %	3.81 %
Q2 2016	17.21 %	4.44 %	3.57 %
Q3 2016	17.39 %	4.33 %	3.44 %
Q4 2016	17.17 %	4.40 %	3.42 %
2016	17.27 %	4.49 %	3.44 %
Q1 2017	17.71 %	4.66 %	3.44 %
Q2 2017	18.43 %	4.91 %	3.76 %
Q3 2017	18.93 %	5.13 %	3.93 %
Q4 2017	19.91 %	5.69 %	4.67 %
2017	19.91 %	5.69 %	4.67 %
Q1 2018	19.93 %	5.61 %	4.70 %
Q2 2018	19.95 %	5.70 %	4.68 %
Q3 2018	19.92 %	5.61 %	4.66 %
Q4 2018	20.41 %	5.79 %	4.13 %
2018	20.40 %	5.79 %	4.13 %
Q1 2019	20.56 %	6.26 %	4.05 %
Q2 2019	20.41 %	6.59 %	3.78 %
Q3 2019	20.68 %	7.38 %	3.95 %
Q4 2019	20.73 %	7.79 %	4.22 %
2019	20.73 %	7.79 %	4.22 %
Q1 2020	20.57 %	7.86 %	4.38 %
Q2 2020	20.96 %	8.68 %	4.92 %
Q3 2020	21.38 %	8.76 %	4.82 %
Q4 2020	21.69 %	8.99 %	5.04 %
2020	21.66 %	9.02 %	5.04 %
Q1 2021	21.94 %	8.77 %	4.72 %
Q2 2021	21.65 %	7.84 %	4.00 %
Q3 2021	21.03 %	7.40 %	3.72 %
Q4 2021	21.25 %	7.16 %	3.57 %
2021	21.27 %	7.16 %	3.57 %
Q1 2022	21.37 %	7.32 %	3.93 %
Q2 2022	21.94 %	7.34 %	3.91 %
Q3 2022	22.00 %	7.24 %	3.69 %
Q4 2022	21.84 %	7.25 %	3.77 %
2022	21.84 %	7.25 %	3.77 %
Q1 2023	21.81 %	7.30 %	3.83 %
Q2 2023	21.84 %	7.31 %	3.67 %
Q3 2023	22.19 %	7.71 %	3.88 %
Q4 2023	22.25 %	7.73 %	3.79 %
2023	22.26 %	7.53 %	3.79 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2014	16.59 %	4.81 %	4.09 %
2015	16.54 %	4.58 %	3.83 %
2016	17.27 %	4.49 %	3.44 %
2017	19.91 %	5.69 %	4.67 %
2018	20.40 %	5.79 %	4.13 %
2019	20.73 %	7.79 %	4.22 %
2020	21.66 %	9.02 %	5.04 %
2021	21.27 %	7.16 %	3.57 %
2022	21.84 %	7.25 %	3.77 %
2023	22.26 %	7.53 %	3.79 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	16.73 %	4.42 %	3.80 %
Q2 2014	14.52 %	4.14 %	3.43 %
Q3 2014	16.14 %	3.86 %	3.50 %
Q4 2014	19.26 %	6.83 %	5.67 %
Q1 2015	15.08 %	4.01 %	3.47 %
Q2 2015	14.37 %	3.69 %	3.23 %
Q3 2015	16.41 %	3.56 %	2.75 %
Q4 2015	20.39 %	6.98 %	5.74 %
Q1 2016	16.53 %	4.22 %	3.44 %
Q2 2016	15.80 %	3.22 %	2.52 %
Q3 2016	17.31 %	3.23 %	2.31 %
Q4 2016	19.00 %	6.74 %	5.24 %
Q1 2017	18.85 %	5.31 %	3.55 %
Q2 2017	18.41 %	4.10 %	3.68 %
Q3 2017	19.57 %	4.29 %	3.10 %
Q4 2017	22.57 %	8.74 %	7.90 %
Q1 2018	18.99 %	5.01 %	3.74 %
Q2 2018	18.55 %	4.47 %	3.66 %
Q3 2018	19.48 %	4.03 %	3.11 %
Q4 2018	24.49 %	9.47 %	5.87 %
Q1 2019	19.73 %	6.91 %	3.49 %
Q2 2019	18.15 %	5.78 %	2.71 %
Q3 2019	20.65 %	7.57 %	3.89 %
Q4 2019	24.41 %	10.90 %	6.78 %
Q1 2020	19.30 %	7.33 %	4.18 %
Q2 2020	19.89 %	8.96 %	4.87 %
Q3 2020	22.71 %	7.90 %	3.35 %
Q4 2020	25.82 %	11.91 %	7.76 %
Q1 2021	19.99 %	6.21 %	2.75 %
Q2 2021	18.45 %	5.53 %	2.21 %
Q3 2021	20.04 %	6.07 %	2.24 %
Q4 2021	26.48 %	10.79 %	7.01 %
Q1 2022	20.59 %	6.92 %	4.13 %
Q2 2022	20.79 %	5.66 %	2.22 %
Q3 2022	20.56 %	5.88 %	1.61 %
Q4 2022	25.22 %	10.30 %	6.85 %
Q1 2023	20.62 %	7.15 %	4.31 %
Q2 2023	21.00 %	5.79 %	1.65 %
Q3 2023	22.08 %	7.62 %	2.55 %
Q4 2023	25.35 %	10.28 %	6.43 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2014	900.00	0.22	0.22	0.95
Q2 2014	900.00	0.23	0.23	0.93
Q3 2014	900.00	0.23	0.23	0.98
Q4 2014	900.00	0.24	0.24	1.06
Q1 2015	900.00	0.24	0.24	1.11
Q2 2015	900.00	0.25	0.25	1.09
Q3 2015	900.00	0.24	0.24	1.13
Q4 2015	900.00	0.26	0.26	1.23
Q1 2016	900.00	0.25	0.26	1.17
Q2 2016	900.00	0.25	0.26	1.23
Q3 2016	900.00	0.25	0.26	1.27
Q4 2016	900.00	0.25	0.27	1.37
Q1 2017	900.00	0.27	0.27	1.44
Q2 2017	900.00	0.29	0.30	1.41
Q3 2017	900.00	0.42	0.31	1.58
Q4 2017	900.00	0.50	0.38	1.66
Q1 2018	900.00	0.51	0.38	1.74
Q2 2018	900.00	0.51	0.39	1.67
Q3 2018	900.00	0.40	0.39	1.73
Q4 2018	900.00	0.34	0.34	1.84
Q1 2019	900.00	0.34	0.35	1.79
Q2 2019	900.00	0.32	0.33	1.56
Q3 2019	900.00	0.34	0.35	1.64
Q4 2019	900.00	0.38	0.38	1.65
Q1 2020	900.00	0.42	0.42	1.61
Q2 2020	900.00	0.49	0.49	1.75
Q3 2020	900.00	0.48	0.48	1.51
Q4 2020	900.00	0.50	0.49	1.69
Q1 2021	900.00	0.45	0.45	1.45
Q2 2021	900.00	0.37	0.36	1.51
Q3 2021	900.00	0.35	0.34	1.36
Q4 2021	900.00	0.33	0.33	1.52
Q1 2022	900.00	0.38	0.38	1.42
Q2 2022	900.00	0.38	0.38	1.49
Q3 2022	900.00	1.18	0.38	2.13
Q4 2022	900.00	1.20	0.40	1.56
Q1 2023	900.00	1.22	0.42	1.41
Q2 2023	900.00	1.32	0.41	1.57
Q3 2023	900.00	0.55	0.44	1.34
Q4 2023	900.00	0.55	0.43	1.51

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2014	900.00	0.24	0.24	1.06
2015	900.00	0.26	0.26	1.23
2016	900.00	0.25	0.27	1.37
2017	900.00	0.50	0.38	1.66
2018	900.00	0.34	0.34	1.84
2019	900.00	0.38	0.38	1.65
2020	900.00	0.50	0.49	1.69
2021	900.00	0.33	0.33	1.52
2022	900.00	1.20	0.40	1.56
2023	900.00	0.55	0.43	1.51

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2014	20.10	20.10	4.67
Q2 2014	22.80	22.80	5.73
Q3 2014	24.55	24.55	5.88
Q4 2014	22.06	22.06	4.97
Q1 2015	21.92	21.92	4.75
Q2 2015	21.91	21.91	4.93
Q3 2015	19.12	19.12	4.06
Q4 2015	17.34	17.34	3.62
Q1 2016	16.93	16.32	3.67
Q2 2016	20.21	19.45	4.07
Q3 2016	15.47	14.89	3.01
Q4 2016	19.50	18.44	3.61
Q1 2017	20.49	20.12	3.83
Q2 2017	19.67	19.34	4.06
Q3 2017	14.62	19.58	3.88
Q4 2017	12.31	16.40	3.70
Q1 2018	15.18	20.11	4.44
Q2 2018	14.73	19.47	4.51
Q3 2018	17.30	17.88	4.04
Q4 2018	20.88	20.41	3.81
Q1 2019	21.37	20.89	4.02
Q2 2019	24.19	23.62	4.98
Q3 2019	24.03	23.50	5.03
Q4 2019	21.28	21.28	4.93
Q1 2020	22.22	22.22	5.76
Q2 2020	22.74	22.74	6.40
Q3 2020	27.27	27.27	8.57
Q4 2020	24.51	24.89	7.25
Q1 2021	27.81	28.28	8.70
Q2 2021	33.64	34.35	8.21
Q3 2021	32.07	32.79	8.30
Q4 2021	32.45	32.45	7.12
Q1 2022	30.59	30.59	8.23
Q2 2022	26.82	26.82	6.94
Q3 2022	10.49	32.74	5.79
Q4 2022	8.67	25.98	6.65
Q1 2023	10.49	30.43	9.06
Q2 2023	10.57	34.05	8.87
Q3 2023	24.77	31.04	10.11
Q4 2023	24.21	30.69	8.75

Period	P/E	Adjusted P/E	Price/book
2014	22.06	22.06	4.97
2015	17.34	17.34	3.62
2016	19.50	18.44	3.61
2017	12.31	16.40	3.70
2018	20.88	20.41	3.81
2019	21.28	21.28	4.93
2020	24.51	24.89	7.25
2021	32.45	32.45	7.12
2022	8.67	25.98	6.65
2023	24.21	30.69	8.75

Business Segments (Million)

Compared With The

Period	Retail and wholesale	Head office and leasing and others	Others
Q1 2014	1,222.98	24.03	-
Q2 2014	1,511.39	22.85	-
Q3 2014	1,208.79	26.42	-
Q4 2014	1,308.74	22.64	-
Q1 2015	1,408.03	26.15	-
Q2 2015	1,725.54	27.56	-
Q3 2015	1,348.57	26.93	-
Q4 2015	1,553.66	30.55	-
Q1 2016	1,640.02	28.03	-
Q2 2016	2,020.19	28.36	-
Q3 2016	1,583.28	28.54	-
Q4 2016	1,928.23	38.64	-
Q1 2017	1,875.71	-	-
Q2 2017	2,165.24	-	-
Q3 2017	1,750.81	9.20	-
Q4 2017	2,189.82	-	-
Q1 2018	1,772.52	-	25.74
Q2 2018	1,987.55	-	34.92
Q3 2018	1,701.84	-	42.85
Q4 2018	1,897.55	-	52.15
Q1 2019	1,902.26	-	57.40
Q2 2019	2,113.62	-	57.98
Q3 2019	1,871.89	-	65.47
Q4 2019	2,028.50	-	68.77
Q1 2020	2,307.18	-	72.31
Q2 2020	2,508.53	-	65.89
Q3 2020	1,750.05	-	62.76
Q4 2020	1,987.30	-	54.14
Q1 2021	2,042.29	-	54.85
Q2 2021	2,117.96	-	53.31
Q3 2021	1,949.68	-	51.17
Q4 2021	2,084.42	-	50.01
Q1 2022	2,410.51	-	51.87
Q2 2022	2,194.53	-	59.99
Q3 2022	2,275.72	-	64.82
Q4 2022	2,428.34	-	63.76
Q1 2023	2,725.04	-	59.61
Q2 2023	2,361.10	-	60.67
Q3 2023	2,382.60	-	62.07
Q4 2023	2,496.18	-	67.24

Period	Retail and wholesale	Head office and leasing and others	Others
2014	5,251.90	95.93	-
2015	6,035.80	111.20	-
2016	7,171.73	123.57	-
2017	7,981.49	131.13	-
2018	7,359.46	-	155.67
2019	7,916.26	-	249.61
2020	8,553.06	-	255.11
2021	8,194.35	-	209.35
2022	9,309.10	-	240.45
2023	9,954.18	-	249.59

Analysts Estimates (Million)

Item	Q4 2023 (e)	Q4 2023 (a)	Change‬
Average	158.82	168.87	6.33 %

Estimates vs Actual (Million)

Item	Q4 2023 (e)	Q4 2023 (a)	Change
Al Rajhi Capital	170.00	168.87	(0.7) %
U-Capital	166.00	168.87	1.7 %
OSOOL AND BAKHEET	164.03	168.87	2.9 %
SNB Capital	161.00	168.87	4.9 %
AlJazira Capital	153.90	168.87	9.7 %
Sico	138.00	168.87	22.4 %

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Al Othaim posts SAR 490.7M profit in 2023, SAR 168.9M in Q4

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Al Othaim posts SAR 490.7M profit in 2023, SAR 168.9M in Q4

Financials (M)

Current Quarter Comparison (M)

View other reports

Share Price

Abdullah Al Othaim Markets Co. (A.OTHAIM MARKET)

Financial Ratios

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

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