SAPTCO incurs SAR 9.1M loss in H1 2024, earns SAR 40M in Q2

Saudi Public Transport Co. (SAPTCO) swung to a net loss of SAR 9.1 million in H1 2024, against a net profit of SAR 16.1 million in the corresponding period of 2023.

Financials (M)

Item	6m 2023	6m 2024	Change‬
Revenues	765.57	735.71	(3.9 %)
Gross Income	132.16	121.90	(7.8 %)
Operating Income	43.39	46.31	6.7 %
Net Income	16.05	(9.10)	(156.7 %)
Average Shares	125.00	125.00	-
EPS (Riyals)	0.13	(0.07)	(156.7 %)

The losses were attributed to a drop in operating revenue amid lower operating rates of public transport services after the expiry of its concession contract.

The current period included a larger drop in trade receivables, as well as higher financing costs, Zakat expenses and income tax. SAPTCO also incurred bigger losses from its joint venture, and reported a decline in other income despite the lower cost of sales, as well as decreased distribution and selling expenses.

The company also recorded an increase in finance income and generated profits from an associate against losses in H1 2023.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2023	Q2 2024	Change‬
Revenues	457.90	427.20	(6.7 %)
Gross Income	121.96	107.53	(11.8 %)
Operating Income	70.46	74.02	5.0 %
Net Income	60.48	40.00	(33.9 %)
Average Shares	125.00	125.00	-
EPS (Riyals)	0.48	0.32	(33.9 %)

Item	Q1 2024	Q2 2024	Change‬
Revenues	308.52	427.20	38.5 %
Gross Income	14.37	107.53	648.5 %
Operating Income	(17.56)	74.02	521.5 %
Net Income	(49.10)	40.00	181.5 %
Average Shares	125.00	125.00	-
EPS (Riyals)	(0.39)	0.32	181.5 %

In Q2 2024, SAPTCO’s net earnings dropped 33.9% to SAR 40 million, from SAR 60.48 million in Q2 2023. The company reported a drop in operating revenue amid lower operating rates of public transport services after the expiry of its concession contract. The current quarter also included a larger drop in trade receivables.

SAPTCO turned to profitability from a net loss of SAR 49 million in Q1 2024, backed by better operating revenue, other income, finance income and profits of associates. It also recorded a decline in financing costs.

Shareholders’ equity, excluding minority interest, stood at SAR 904 million as of June 30, 2024, compared to SAR 961 million a year earlier.

Accumulated losses amounted to SAR 345.01 million as of March 31, 2024, representing 27.6% of the company's capital.

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Share Price

Saudi Public Transport Co. (SAPTCO)

	Current
Market Cap (M Riyal)	2,962.50
Enterprise Value (EV) (M)	3,954.16
Shares Outstanding ((M))	125.00
EPS ( Riyal) (TTM)	(0.57)
Book Value (BV) ( Riyal)	7.32
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	NEG
Price/book	3.24
Return on Average Assets (%) (TTM)	(1.70 )
Return on Average Equity (%) (TTM)	(7.46 )

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2015	238.82	3.2 %	37.09	(10.6 %)	10.28	(49.7 %)
Q2 2015	252.93	10.1 %	30.08	(2.6 %)	2.55	(77.4 %)
Q3 2015	360.90	32.3 %	123.15	173.9 %	80.99	579.6 %
Q4 2015	248.06	(13.1 %)	36.83	(47.6 %)	(9.80)	(132.7 %)
2015	1,102.31	8.2 %	231.09	23.2 %	98.90	34.4 %
Q1 2016	257.00	7.6 %	44.33	19.5 %	16.81	63.5 %
Q2 2016	284.21	12.4 %	44.58	48.2 %	6.79	166.2 %
Q3 2016	375.56	4.1 %	125.18	1.6 %	92.91	14.7 %
Q4 2016	234.88	(5.3 %)	26.75	(27.4 %)	(18.20)	(85.7 %)
2016	1,151.64	4.5 %	240.85	4.2 %	97.56	(1.4 %)
Q1 2017	228.99	(10.9 %)	15.70	(64.6 %)	(11.82)	(170.3 %)
Q2 2017	294.17	3.5 %	53.85	20.8 %	26.90	296.3 %
Q3 2017	385.50	2.6 %	108.59	(13.3 %)	78.08	(16.0 %)
Q4 2017	218.87	(6.8 %)	(6.61)	(124.7 %)	(54.81)	(201.2 %)
2017	1,127.53	(2.1 %)	171.53	(28.8 %)	38.35	(60.7 %)
Q1 2018	234.18	2.3 %	3.04	(80.6 %)	(19.77)	(67.2 %)
Q2 2018	325.46	10.6 %	29.51	(45.2 %)	(3.68)	(113.7 %)
Q3 2018	464.85	20.6 %	140.27	29.2 %	103.93	33.1 %
Q4 2018	430.97	96.9 %	(0.89)	86.5 %	(59.89)	(9.3 %)
2018	1,455.45	29.1 %	171.93	0.2 %	20.59	(46.3 %)
Q1 2019	411.06	75.5 %	(1.83)	(160.1 %)	(32.50)	(64.4 %)
Q2 2019	428.87	31.8 %	29.49	(0.1 %)	(2.02)	45.2 %
Q3 2019	485.31	4.4 %	172.50	23.0 %	119.62	15.1 %
Q4 2019	386.66	(10.3 %)	14.91	1775.5 %	(35.83)	40.2 %
2019	1,711.89	17.6 %	219.37	27.6 %	49.27	139.3 %
Q1 2020	420.06	2.2 %	3.79	307.3 %	(27.37)	15.8 %
Q2 2020	122.75	(71.4 %)	(82.89)	(381.1 %)	(113.69)	(5,528.4 %)
Q3 2020	313.93	(35.3 %)	(26.46)	(115.3 %)	(56.77)	(147.5 %)
Q4 2020	312.93	(19.1 %)	(14.58)	(197.8 %)	(60.83)	(69.8 %)
2020	1,169.66	(31.7 %)	(120.14)	(154.8 %)	(258.66)	(625.0 %)
Q1 2021	211.58	(49.6 %)	(12.97)	(442.1 %)	(35.49)	(29.7 %)
Q2 2021	246.38	100.7 %	(9.86)	88.1 %	(24.78)	78.2 %
Q3 2021	221.68	(29.4 %)	(12.22)	53.8 %	(39.81)	29.9 %
Q4 2021	280.93	(10.2 %)	37.40	356.5 %	(57.66)	5.2 %
2021	960.57	(17.9 %)	2.35	102.0 %	(157.74)	39.0 %
Q1 2022	299.31	41.5 %	25.38	295.7 %	(9.20)	74.1 %
Q2 2022	310.36	26.0 %	43.81	544.2 %	14.36	157.9 %
Q3 2022	352.98	59.2 %	80.68	760.2 %	33.63	184.5 %
Q4 2022	356.82	27.0 %	26.22	(29.9 %)	(80.48)	(39.6 %)
2022	1,319.47	37.4 %	176.08	7399.3 %	(41.70)	73.6 %
Q1 2023	307.67	2.8 %	10.20	(59.8 %)	(27.07)	(194.2 %)
Q2 2023	457.90	47.5 %	121.96	178.4 %	70.46	390.8 %
Q3 2023	431.85	22.3 %	116.09	43.9 %	77.07	129.2 %
Q4 2023	372.24	4.3 %	22.47	(14.3 %)	(57.40)	28.7 %
2023	1,569.66	19.0 %	270.73	53.7 %	60.08	244.1 %
Q1 2024	308.52	0.3 %	14.37	40.8 %	(17.56)	35.1 %
Q2 2024	427.20	(6.7 %)	107.53	(11.8 %)	74.02	5.0 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2014	1,019.20	5.3 %	187.59	7.6 %	73.57	30.0 %
2015	1,102.31	8.2 %	231.09	23.2 %	98.90	34.4 %
2016	1,151.64	4.5 %	240.85	4.2 %	97.56	(1.4 %)
2017	1,127.53	(2.1 %)	171.53	(28.8 %)	38.35	(60.7 %)
2018	1,455.45	29.1 %	171.93	0.2 %	20.59	(46.3 %)
2019	1,711.89	17.6 %	219.37	27.6 %	49.27	139.3 %
2020	1,169.66	(31.7 %)	(120.14)	(154.8 %)	(258.66)	(625.0 %)
2021	960.57	(17.9 %)	2.35	102.0 %	(157.74)	39.0 %
2022	1,319.47	37.4 %	176.08	7399.3 %	(41.70)	73.6 %
2023	1,569.66	19.0 %	270.73	53.7 %	60.08	244.1 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2015	137.91	553.7 %	1.10	118.82	19.09	0.15
Q2 2015	12.82	(42.9 %)	0.10	1.13	11.68	0.09
Q3 2015	81.40	242.1 %	0.65	3.68	77.72	0.62
Q4 2015	(35.51)	(202.3 %)	(0.28)	(7.46)	(28.05)	(0.22)
2015	210.86	106.6 %	1.69	116.17	94.69	0.76
Q1 2016	32.77	(76.2 %)	0.26	7.24	25.53	0.20
Q2 2016	10.66	(16.9 %)	0.09	0.35	10.31	0.08
Q3 2016	87.25	7.2 %	0.70	-	87.25	0.70
Q4 2016	1.82	105.1 %	0.01	-	1.82	0.01
2016	132.49	(37.2 %)	1.06	7.59	124.90	1.00
Q1 2017	2.48	(92.4 %)	0.02	-	2.48	0.02
Q2 2017	38.66	262.8 %	0.31	-	38.66	0.31
Q3 2017	62.47	(28.4 %)	0.50	-	62.47	0.50
Q4 2017	(24.70)	(1460.7 %)	(0.20)	-	(24.70)	(0.20)
2017	78.91	(40.4 %)	0.63	-	78.91	0.63
Q1 2018	(4.86)	(295.9 %)	(0.04)	-	(4.86)	(0.04)
Q2 2018	(30.30)	(178.4 %)	(0.24)	(27.68)	(2.62)	(0.02)
Q3 2018	94.87	51.9 %	0.76	-	94.87	0.76
Q4 2018	(39.30)	(59.1 %)	(0.31)	-	(39.30)	(0.31)
2018	20.42	(74.1 %)	0.16	(27.68)	48.10	0.38
Q1 2019	(11.00)	(126.4 %)	(0.09)	-	(11.00)	(0.09)
Q2 2019	(9.23)	69.6 %	(0.07)	-	(9.23)	(0.07)
Q3 2019	97.11	2.4 %	0.78	-	97.11	0.78
Q4 2019	(41.56)	(5.8 %)	(0.33)	-	(41.56)	(0.33)
2019	35.32	73.0 %	0.28	-	35.32	0.28
Q1 2020	(39.98)	(263.6 %)	(0.32)	-	(39.98)	(0.32)
Q2 2020	(138.64)	(1,402.8 %)	(1.11)	-	(138.64)	(1.11)
Q3 2020	(120.95)	(224.6 %)	(0.97)	(42.71)	(78.25)	(0.63)
Q4 2020	(75.59)	(81.9 %)	(0.60)	-	(75.59)	(0.60)
2020	(375.16)	(1162.1 %)	(3.00)	(42.71)	(332.46)	(2.66)
Q1 2021	(53.73)	(34.4 %)	(0.43)	-	(53.73)	(0.43)
Q2 2021	(39.98)	71.2 %	(0.32)	-	(39.98)	(0.32)
Q3 2021	(55.96)	53.7 %	(0.45)	-	(55.96)	(0.45)
Q4 2021	(66.51)	12.0 %	(0.53)	14.20	(80.72)	(0.65)
2021	(216.19)	42.4 %	(1.73)	14.20	(230.39)	(1.84)
Q1 2022	(3.54)	93.4 %	(0.03)	24.30	(27.83)	(0.22)
Q2 2022	1.97	104.9 %	0.02	-	1.97	0.02
Q3 2022	4.04	107.2 %	0.03	-	4.04	0.03
Q4 2022	(93.34)	(40.3 %)	(0.75)	-	(93.34)	(0.75)
2022	(90.87)	58.0 %	(0.73)	24.30	(115.17)	(0.92)
Q1 2023	(44.43)	(1,156.1 %)	(0.36)	-	(44.43)	(0.36)
Q2 2023	60.48	2965.2 %	0.48	12.80	47.67	0.38
Q3 2023	20.20	400.6 %	0.16	-	20.20	0.16
Q4 2023	(71.83)	23.0 %	(0.57)	-	(71.83)	(0.57)
2023	(35.58)	60.8 %	(0.28)	12.80	(48.39)	(0.39)
Q1 2024	(49.10)	(10.5 %)	(0.39)	-	(49.10)	(0.39)
Q2 2024	40.00	(33.9 %)	0.32	-	40.00	0.32

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2014	102.05	31.5 %	0.82	23.90	78.15	0.63
2015	210.86	106.6 %	1.69	116.17	94.69	0.76
2016	132.49	(37.2 %)	1.06	7.59	124.90	1.00
2017	78.91	(40.4 %)	0.63	-	78.91	0.63
2018	20.42	(74.1 %)	0.16	(27.68)	48.10	0.38
2019	35.32	73.0 %	0.28	-	35.32	0.28
2020	(375.16)	(1162.1 %)	(3.00)	(42.71)	(332.46)	(2.66)
2021	(216.19)	42.4 %	(1.73)	14.20	(230.39)	(1.84)
2022	(90.87)	58.0 %	(0.73)	24.30	(115.17)	(0.92)
2023	(35.58)	60.8 %	(0.28)	12.80	(48.39)	(0.39)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	17.84 %	22.59 %	7.46 %
Q2 2015	17.37 %	20.32 %	7.30 %
Q3 2015	22.90 %	24.08 %	12.53 %
Q4 2015	20.64 %	20.29 %	7.31 %
2015	20.96 %	21.61 %	8.59 %
Q1 2016	20.95 %	20.86 %	7.77 %
Q2 2016	21.64 %	21.07 %	7.43 %
Q3 2016	21.54 %	22.55 %	8.16 %
Q4 2016	20.91 %	22.32 %	10.84 %
2016	20.91 %	22.26 %	10.84 %
Q1 2017	18.89 %	21.02 %	9.06 %
Q2 2017	19.54 %	23.59 %	11.49 %
Q3 2017	17.92 %	21.98 %	9.22 %
Q4 2017	15.21 %	20.10 %	7.00 %
2017	15.21 %	20.10 %	7.00 %
Q1 2018	14.03 %	19.58 %	6.32 %
Q2 2018	11.56 %	16.41 %	2.60 %
Q3 2018	13.37 %	18.02 %	5.04 %
Q4 2018	11.81 %	14.73 %	3.30 %
2018	11.81 %	14.73 %	3.30 %
Q1 2019	10.23 %	12.25 %	2.57 %
Q2 2019	9.62 %	11.40 %	2.04 %
Q3 2019	11.35 %	12.01 %	2.14 %
Q4 2019	12.56 %	13.70 %	2.06 %
2019	12.81 %	13.70 %	2.06 %
Q1 2020	12.82 %	13.95 %	0.37 %
Q2 2020	7.66 %	9.09 %	(8.70 %)
Q3 2020	(7.29 %)	(3.95 %)	(24.00 %)
Q4 2020	(10.27 %)	(5.25 %)	(28.42 %)
2020	(10.27 %)	(5.25 %)	(28.42 %)
Q1 2021	(14.24 %)	(7.41 %)	(36.02 %)
Q2 2021	(5.89 %)	1.22 %	(22.82 %)
Q3 2021	(5.00 %)	2.76 %	(22.70 %)
Q4 2021	0.24 %	1.66 %	(23.98 %)
2021	0.24 %	1.66 %	(23.98 %)
Q1 2022	3.88 %	3.73 %	(19.51 %)
Q2 2022	8.48 %	7.02 %	(14.61 %)
Q3 2022	15.06 %	12.27 %	(8.25 %)
Q4 2022	13.35 %	10.11 %	(8.73 %)
2022	13.35 %	10.11 %	(8.73 %)
Q1 2023	12.12 %	9.08 %	(9.92 %)
Q2 2023	16.20 %	12.59 %	(5.83 %)
Q3 2023	17.66 %	15.16 %	(4.50 %)
Q4 2023	17.25 %	16.54 %	(3.08 %)
2023	17.25 %	16.36 %	(3.08 %)
Q1 2024	17.50 %	17.30 %	(3.38 %)
Q2 2024	16.92 %	17.81 %	(3.94 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2014	18.41 %	24.73 %	7.67 %
2015	20.96 %	21.61 %	8.59 %
2016	20.91 %	22.26 %	10.84 %
2017	15.21 %	20.10 %	7.00 %
2018	11.81 %	14.73 %	3.30 %
2019	12.81 %	13.70 %	2.06 %
2020	(10.27 %)	(5.25 %)	(28.42 %)
2021	0.24 %	1.66 %	(23.98 %)
2022	13.35 %	10.11 %	(8.73 %)
2023	17.25 %	16.36 %	(3.08 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	15.53 %	18.21 %	7.99 %
Q2 2015	11.89 %	14.39 %	4.62 %
Q3 2015	34.12 %	32.37 %	21.54 %
Q4 2015	14.85 %	10.75 %	(11.31 %)
Q1 2016	17.25 %	20.81 %	9.93 %
Q2 2016	15.69 %	15.98 %	3.63 %
Q3 2016	33.33 %	36.50 %	23.23 %
Q4 2016	11.39 %	8.98 %	0.77 %
Q1 2017	6.86 %	14.21 %	1.08 %
Q2 2017	18.31 %	26.08 %	13.14 %
Q3 2017	28.17 %	31.39 %	16.20 %
Q4 2017	(3.02 %)	(1.63 %)	(11.28 %)
Q1 2018	1.30 %	11.78 %	(2.07 %)
Q2 2018	9.07 %	14.14 %	(0.80 %)
Q3 2018	30.18 %	33.13 %	20.41 %
Q4 2018	(0.21 %)	(3.09 %)	(9.12 %)
Q1 2019	(0.44 %)	3.23 %	(2.67 %)
Q2 2019	6.88 %	10.23 %	(2.15 %)
Q3 2019	35.54 %	34.44 %	20.01 %
Q4 2019	3.86 %	2.65 %	(10.75 %)
Q1 2020	0.90 %	4.48 %	(9.52 %)
Q2 2020	(67.53 %)	(55.03 %)	(112.94 %)
Q3 2020	(8.43 %)	(3.37 %)	(24.92 %)
Q4 2020	(4.66 %)	(0.68 %)	(24.16 %)
Q1 2021	(6.13 %)	4.28 %	(25.40 %)
Q2 2021	(4.00 %)	6.87 %	(16.23 %)
Q3 2021	(5.51 %)	1.61 %	(25.24 %)
Q4 2021	13.31 %	(4.85 %)	(28.73 %)
Q1 2022	8.48 %	10.78 %	(9.30 %)
Q2 2022	14.11 %	18.01 %	0.64 %
Q3 2022	22.86 %	22.12 %	1.14 %
Q4 2022	7.35 %	(9.20 %)	(26.16 %)
Q1 2023	3.32 %	6.32 %	(14.44 %)
Q2 2023	26.63 %	26.43 %	10.41 %
Q3 2023	26.88 %	29.64 %	4.68 %
Q4 2023	6.04 %	(2.35 %)	(19.30 %)
Q1 2024	4.66 %	10.17 %	(15.91 %)
Q2 2024	25.17 %	28.95 %	9.36 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2015	125.00	1.75	0.61	13.07
Q2 2015	125.00	1.67	0.61	11.97
Q3 2015	125.00	2.13	1.14	12.42
Q4 2015	125.00	1.57	0.64	12.18
Q1 2016	125.00	0.73	0.70	12.38
Q2 2016	125.00	0.71	0.68	12.02
Q3 2016	125.00	0.76	0.76	12.61
Q4 2016	125.00	1.06	1.00	12.82
Q1 2017	125.00	0.82	0.81	12.34
Q2 2017	125.00	1.04	1.04	12.71
Q3 2017	125.00	0.84	0.84	13.19
Q4 2017	125.00	0.63	0.63	12.96
Q1 2018	125.00	0.57	0.57	13.02
Q2 2018	125.00	0.02	0.24	12.33
Q3 2018	125.00	0.28	0.50	13.06
Q4 2018	125.00	0.16	0.38	12.68
Q1 2019	125.00	0.11	0.34	12.71
Q2 2019	125.00	0.28	0.28	12.64
Q3 2019	125.00	0.30	0.30	13.39
Q4 2019	125.00	0.28	0.28	13.07
Q1 2020	125.00	0.05	0.05	12.61
Q2 2020	125.00	(0.98)	(0.98)	11.58
Q3 2020	125.00	(2.73)	(2.39)	10.75
Q4 2020	125.00	(3.00)	(2.66)	10.17
Q1 2021	125.00	(3.11)	(2.77)	9.74
Q2 2021	125.00	(2.32)	(1.98)	9.42
Q3 2021	125.00	(1.80)	(1.80)	8.97
Q4 2021	125.00	(1.73)	(1.84)	8.40
Q1 2022	125.00	(1.33)	(1.64)	8.37
Q2 2022	125.00	(0.99)	(1.30)	8.38
Q3 2022	125.00	(0.51)	(0.82)	8.42
Q4 2022	125.00	(0.73)	(0.92)	7.56
Q1 2023	125.00	(1.05)	(1.05)	7.21
Q2 2023	125.00	(0.59)	(0.69)	7.69
Q3 2023	125.00	(0.46)	(0.56)	7.85
Q4 2023	125.00	(0.28)	(0.39)	7.31
Q1 2024	125.00	(0.32)	(0.42)	6.92
Q2 2024	125.00	(0.49)	(0.49)	7.24

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2014	125.00	0.82	0.63	11.95
2015	125.00	1.69	0.76	12.18
2016	125.00	1.06	1.00	12.82
2017	125.00	0.63	0.63	12.96
2018	125.00	0.16	0.38	12.68
2019	125.00	0.28	0.28	13.07
2020	125.00	(3.00)	(2.66)	10.17
2021	125.00	(1.73)	(1.84)	8.40
2022	125.00	(0.73)	(0.92)	7.56
2023	125.00	(0.28)	(0.39)	7.31

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2015	16.28	46.54	2.18
Q2 2015	16.35	44.63	2.29
Q3 2015	8.31	15.56	1.43
Q4 2015	10.66	26.06	1.38
Q1 2016	16.57	17.45	0.98
Q2 2016	18.88	19.72	1.12
Q3 2016	15.25	15.27	0.92
Q4 2016	14.32	15.19	1.18
Q1 2017	17.85	17.91	1.18
Q2 2017	13.43	13.43	1.10
Q3 2017	17.30	17.30	1.11
Q4 2017	25.54	25.54	1.24
Q1 2018	28.26	28.26	1.24
Q2 2018	More than 100	60.24	1.18
Q3 2018	50.12	27.99	1.08
Q4 2018	85.48	36.28	1.10
Q1 2019	More than 100	43.02	1.14
Q2 2019	48.02	48.02	1.07
Q3 2019	54.93	54.93	1.23
Q4 2019	63.63	63.63	1.38
Q1 2020	More than 100	More than 100	0.93
Q2 2020	NEG	NEG	1.22
Q3 2020	NEG	NEG	1.69
Q4 2020	NEG	NEG	1.76
Q1 2021	NEG	NEG	2.67
Q2 2021	NEG	NEG	3.04
Q3 2021	NEG	NEG	2.97
Q4 2021	NEG	NEG	2.40
Q1 2022	NEG	NEG	2.68
Q2 2022	NEG	NEG	1.83
Q3 2022	NEG	NEG	1.81
Q4 2022	NEG	NEG	2.11
Q1 2023	NEG	NEG	2.50
Q2 2023	NEG	NEG	2.49
Q3 2023	NEG	NEG	2.25
Q4 2023	NEG	NEG	2.84
Q1 2024	NEG	NEG	2.85
Q2 2024	NEG	NEG	2.48

Period	P/E	Adjusted P/E	Price/book
2014	29.40	38.39	2.01
2015	9.94	22.14	1.38
2016	14.32	15.19	1.18
2017	25.54	25.54	1.24
2018	85.48	36.28	1.10
2019	63.63	63.63	1.38
2020	NEG	NEG	1.76
2021	NEG	NEG	2.40
2022	NEG	NEG	2.11
2023	NEG	NEG	2.84

Business Segments (Million)

Compared With The

Period	passenger transport segment	Public transportation project	Specialized Services	Digital mobility solutions	The main center	Consolidation adjustments & eliminations
Q1 2015	157.40	-	59.58	-	21.84	-
Q2 2015	171.90	-	50.46	-	30.58	-
Q3 2015	219.06	-	117.79	-	24.06	-
Q4 2015	151.02	-	60.98	-	37.32	-
Q1 2016	170.55	15.87	51.44	-	20.59	(1.45)
Q2 2016	184.82	19.26	55.78	-	22.91	-
Q3 2016	202.55	15.20	139.96	-	17.84	-
Q4 2016	187.31	28.68	80.22	-	(61.34)	-
Q1 2017	147.62	19.54	61.84	-	-	-
Q2 2017	192.41	17.44	60.57	-	23.76	-
Q3 2017	171.30	17.82	176.66	-	19.73	-
Q4 2017	177.41	21.94	81.17	-	(61.65)	-
Q1 2018	144.48	28.49	61.20	-	-	-
Q2 2018	193.89	57.80	73.77	-	-	-
Q3 2018	193.21	83.99	187.66	-	-	-
Q4 2018	143.61	233.37	53.99	-	-	-
Q1 2019	141.03	215.18	54.84	-	-	-
Q2 2019	185.83	187.00	56.04	-	-	-
Q3 2019	179.93	105.68	199.71	-	-	-
Q4 2019	160.19	167.11	59.35	-	-	-
Q1 2020	134.54	237.39	48.13	-	-	-
Q2 2020	13.62	94.72	14.40	-	-	-
Q3 2020	85.74	203.90	24.29	-	-	-
Q4 2020	116.26	174.54	22.13	-	-	-
Q1 2021	102.91	81.90	26.77	-	-	-
Q2 2021	99.49	112.47	34.42	-	-	-
Q3 2021	115.23	66.05	40.41	-	-	-
Q4 2021	155.06	71.94	52.10	1.96	-	(0.13)
Q1 2022	139.33	104.25	53.47	2.39	-	(0.12)
Q2 2022	168.89	70.06	66.61	5.40	0.22	(0.82)
Q3 2022	165.40	60.38	120.39	7.18	-	(0.15)
Q4 2022	157.30	98.47	92.66	9.60	-	(1.21)
Q1 2023	152.70	76.79	70.26	8.42	-	(0.50)
Q2 2023	174.91	79.52	197.16	6.79	-	(0.47)
Q3 2023	155.51	185.56	84.89	6.39	-	(0.50)
Q4 2023	63.77	204.76	106.30	5.59	-	(8.18)
Q1 2024	71.78	108.01	124.11	13.58	-	(8.95)
Q2 2024	75.39	110.25	240.60	9.29	-	(8.34)

Period	passenger transport segment	Public transportation project	Specialized Services	Digital mobility solutions	The main center	Consolidation adjustments & eliminations
2014	648.42	-	282.23	-	88.55	-
2015	699.36	14.84	288.81	-	99.30	-
2016	745.22	79.01	327.41	-	-	-
2017	678.36	76.73	372.44	-	-	-
2018	675.19	403.65	376.62	-	-	-
2019	666.98	674.98	369.93	-	-	-
2020	350.17	710.54	108.95	-	-	-
2021	472.68	332.37	153.69	1.96	-	(0.13)
2022	630.92	333.16	333.12	24.57	-	(2.31)
2023	546.88	546.63	458.62	27.18	-	(9.65)

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SAPTCO incurs SAR 9.1M loss in H1 2024, earns SAR 40M in Q2

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SAPTCO incurs SAR 9.1M loss in H1 2024, earns SAR 40M in Q2

Financials (M)

Current Quarter Comparison (M)

View other reports

Share Price

Saudi Public Transport Co. (SAPTCO)

Financial Ratios

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

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