SASCO 9M 2023 profit drops 35% to SAR 40 mln; Q3 at SAR 13 mln

24/10/2023 Argaam Exclusive

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Saudi Automotive Services Co. (SASCO) reported a net profit of SAR 40 million for the first nine months of 2023, a 35% drop compared to SAR 61.2 million in the year-earlier period.

Financials (M)

Item	9m 2022	9m 2023	Change‬
Revenues	5,578.46	6,778.61	21.5 %
Gross Income	178.50	219.36	22.9 %
Operating Income	108.34	141.18	30.3 %
Net Income	61.24	33.27	(45.7 %)
Average Shares	70.00	70.00	-
EPS (Riyals)	0.87	0.48	(45.7 %)

This was due to a decrease in other revenues from the sale and leaseback of nine SASCO sites, in addition to an increase in financing expenses, provision for credit losses, as well as selling, marketing, and Zakat expenses.

However, the company recorded higher revenues, which led to an increase in gross profit and a decrease in general and administrative expenses. This led to an increase in income from main operations and investment revenues.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2022	Q3 2023	Change‬
Revenues	2,240.51	2,322.45	3.7 %
Gross Income	73.13	64.95	(11.2 %)
Operating Income	47.77	42.10	(11.9 %)
Net Income	23.53	9.83	(58.2 %)
Average Shares	70.00	70.00	-
EPS (Riyals)	0.34	0.14	(58.2 %)

Item	Q2 2023	Q3 2023	Change‬
Revenues	2,235.99	2,322.45	3.9 %
Gross Income	75.47	64.95	(13.9 %)
Operating Income	46.03	42.10	(8.5 %)
Net Income	11.19	9.83	(12.2 %)
Average Shares	70.00	70.00	-
EPS (Riyals)	0.16	0.14	(12.2 %)

Q3 2023 net profit amounted to SAR 13 million, down 45% year-on-year from SAR 23.5 million.

This was due to an increase in the cost of sales as well as selling, marketing, and financing expenses. The company also cited a decline in other revenues, despite the rise in revenues and investment income, as well as a decrease in general and administrative expenses and provision for credit losses and Zakat expenses.

On a sequential basis, Q3 net profit slightly increased from SAR 12.97 million.

Shareholders’ equity, after minority interest, reached SAR 878.76 million as of Sept. 30, 2023, compared to SAR 833.15 million in the year-earlier period.

Attached Documents

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Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2014	97.98	7.2 %	9.20	23.3 %	3.23	60.8 %
Q2 2014	113.40	14.7 %	12.55	9.9 %	5.13	22.6 %
Q3 2014	123.57	32.4 %	9.42	1.1 %	2.87	(11.3 %)
Q4 2014	118.46	38.8 %	6.03	2.6 %	-	-
2014	453.37	22.9 %	37.27	12.7 %	8.55	1.3 %
Q1 2015	126.54	29.1 %	10.03	9.0 %	3.02	(6.3 %)
Q2 2015	159.53	40.7 %	13.45	7.2 %	4.89	(4.7 %)
Q3 2015	191.60	55.1 %	17.11	81.5 %	7.45	159.5 %
Q4 2015	187.37	58.2 %	11.12	84.4 %	-	-
2015	665.05	46.7 %	51.71	38.8 %	16.42	92.1 %
Q1 2016	270.95	114.1 %	12.63	25.9 %	3.53	16.9 %
Q2 2016	274.97	72.4 %	12.38	(8.0 %)	2.92	(40.2 %)
Q3 2016	272.49	42.2 %	17.71	3.5 %	6.50	(12.7 %)
Q4 2016	275.72	47.1 %	15.38	38.3 %	-	-
2016	1,094.12	64.5 %	58.10	12.4 %	19.41	18.2 %
Q1 2017	282.03	4.1 %	14.66	16.1 %	6.02	70.4 %
Q2 2017	309.38	12.5 %	21.11	70.4 %	12.74	336.2 %
Q3 2017	304.99	11.9 %	19.20	8.4 %	10.01	53.9 %
Q4 2017	315.93	14.6 %	24.52	59.5 %	-	-
2017	1,212.33	10.8 %	79.49	36.8 %	31.92	64.4 %
Q1 2018	459.95	63.1 %	18.77	28.0 %	9.70	61.0 %
Q2 2018	522.27	68.8 %	16.76	(20.6 %)	7.17	(43.7 %)
Q3 2018	524.60	72.0 %	18.72	(2.5 %)	10.63	6.2 %
Q4 2018	549.26	73.9 %	27.73	13.1 %	-	-
2018	2,056.08	69.6 %	81.98	3.1 %	37.68	18.1 %
Q1 2019	560.88	21.9 %	19.75	5.2 %	6.89	(29.0 %)
Q2 2019	592.95	13.5 %	22.82	36.2 %	11.53	60.8 %
Q3 2019	647.27	23.4 %	22.08	17.9 %	12.90	21.3 %
Q4 2019	681.75	24.1 %	93.94	238.8 %	-	-
2019	2,482.84	20.8 %	158.60	93.5 %	103.99	175.9 %
Q1 2020	641.07	14.3 %	30.32	53.5 %	17.13	148.7 %
Q2 2020	297.37	(49.8 %)	46.00	101.6 %	39.28	240.6 %
Q3 2020	586.83	(9.3 %)	39.68	79.7 %	28.34	119.7 %
Q4 2020	610.97	(10.4 %)	34.26	(63.5 %)	19.59	-
2020	2,136.24	(14.0 %)	150.26	(5.3 %)	104.34	0.3 %
Q1 2021	750.54	17.1 %	37.65	24.2 %	23.53	37.4 %
Q2 2021	955.87	221.4 %	34.94	(24.0 %)	26.06	(33.7 %)
Q3 2021	1,140.82	94.4 %	36.41	(8.2 %)	23.55	(16.9 %)
Q4 2021	1,214.42	98.8 %	50.30	46.8 %	30.65	56.5 %
2021	4,061.64	90.1 %	159.30	6.0 %	104.30	0.0 %
Q1 2022	1,272.47	69.5 %	35.66	(5.3 %)	20.42	(13.2 %)
Q2 2022	2,065.47	116.1 %	69.72	99.6 %	40.15	54.1 %
Q3 2022	2,240.51	96.4 %	73.13	100.8 %	47.77	102.8 %
Q4 2022	2,273.76	87.2 %	80.25	59.5 %	52.46	71.1 %
2022	7,852.21	93.3 %	258.75	62.4 %	160.80	54.2 %
Q1 2023	2,220.18	74.5 %	78.95	121.4 %	53.05	159.7 %
Q2 2023	2,235.99	8.3 %	75.47	8.2 %	46.03	14.7 %
Q3 2023	2,322.45	3.7 %	64.95	(11.2 %)	42.10	(11.9 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2013	368.91	6.9 %	33.06	18.1 %	8.44	16.5 %
2014	453.37	22.9 %	37.27	12.7 %	8.55	1.3 %
2015	665.05	46.7 %	51.71	38.8 %	16.42	92.1 %
2016	1,094.12	64.5 %	58.10	12.4 %	19.41	18.2 %
2017	1,212.33	10.8 %	79.49	36.8 %	31.92	64.4 %
2018	2,056.08	69.6 %	81.98	3.1 %	37.68	18.1 %
2019	2,482.84	20.8 %	158.60	93.5 %	103.99	175.9 %
2020	2,136.24	(14.0 %)	150.26	(5.3 %)	104.34	0.3 %
2021	4,061.64	90.1 %	159.30	6.0 %	104.30	0.0 %
2022	7,852.21	93.3 %	258.75	62.4 %	160.80	54.2 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2014	7.79	(1.4 %)	0.11	-	7.79	0.11
Q2 2014	23.06	124.6 %	0.33	18.82	4.24	0.06
Q3 2014	3.60	(67.5 %)	0.05	-	3.60	0.05
Q4 2014	-	-	-	42.61	-	-
2014	82.05	106.2 %	1.17	61.40	20.65	0.30
Q1 2015	3.23	(58.5 %)	0.05	-	3.23	0.05
Q2 2015	3.71	(83.9 %)	0.05	(3.62)	7.33	0.10
Q3 2015	6.48	79.8 %	0.09	-	6.48	0.09
Q4 2015	-	-	-	-	-	-
2015	18.62	(77.3 %)	0.27	(3.62)	22.24	0.32
Q1 2016	1.63	(49.7 %)	0.02	-	1.63	0.02
Q2 2016	4.54	22.4 %	0.06	-	4.54	0.06
Q3 2016	6.67	3.0 %	0.10	-	6.67	0.10
Q4 2016	6.69	-	0.10	4.40	2.29	0.03
2016	25.98	39.6 %	0.37	4.40	21.58	0.31
Q1 2017	4.60	183.1 %	0.07	-	4.60	0.07
Q2 2017	6.37	40.1 %	0.09	-	6.37	0.09
Q3 2017	8.96	34.4 %	0.13	-	8.96	0.13
Q4 2017	4.91	(26.7 %)	0.07	-	4.91	0.07
2017	27.99	7.7 %	0.40	-	27.99	0.40
Q1 2018	8.65	87.8 %	0.12	-	8.65	0.12
Q2 2018	9.21	44.7 %	0.13	-	9.21	0.13
Q3 2018	7.39	(17.6 %)	0.11	-	7.39	0.11
Q4 2018	0.03	(99.4 %)	0.00	-	0.03	0.00
2018	35.45	26.7 %	0.51	-	35.45	0.51
Q1 2019	8.89	2.7 %	0.13	8.22	0.67	0.01
Q2 2019	5.12	(44.4 %)	0.07	-	5.12	0.07
Q3 2019	13.03	76.4 %	0.19	-	13.03	0.19
Q4 2019	20.95	72148.3 %	0.30	24.19	(3.24)	(0.05)
2019	120.65	240.3 %	1.72	32.41	88.24	1.26
Q1 2020	8.12	(8.6 %)	0.12	-	8.12	0.12
Q2 2020	4.44	(13.2 %)	0.06	(25.44)	29.88	0.43
Q3 2020	17.45	33.9 %	0.25	0.38	17.07	0.24
Q4 2020	10.12	(51.7 %)	0.14	4.12	6.00	0.09
2020	40.13	(66.7 %)	0.57	(20.95)	61.08	0.87
Q1 2021	12.01	47.9 %	0.17	-	12.01	0.17
Q2 2021	12.08	172.2 %	0.17	-	12.08	0.17
Q3 2021	11.40	(34.6 %)	0.16	-	11.40	0.16
Q4 2021	15.35	51.7 %	0.22	-	15.35	0.22
2021	50.84	26.7 %	0.73	-	50.84	0.73
Q1 2022	8.02	(33.3 %)	0.11	-	8.02	0.11
Q2 2022	29.68	145.7 %	0.42	15.06	14.63	0.21
Q3 2022	23.53	106.4 %	0.34	0.32	23.22	0.33
Q4 2022	13.94	(9.1 %)	0.20	5.37	8.57	0.12
2022	75.18	47.9 %	1.07	20.75	54.43	0.78
Q1 2023	12.25	52.7 %	0.17	(0.50)	12.74	0.18
Q2 2023	11.19	(62.3 %)	0.16	-	11.19	0.16
Q3 2023	9.83	(58.2 %)	0.14	-	9.83	0.14

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2013	39.80	(11.7 %)	0.57	8.70	31.11	0.44
2014	82.05	106.2 %	1.17	61.40	20.65	0.30
2015	18.62	(77.3 %)	0.27	(3.62)	22.24	0.32
2016	25.98	39.6 %	0.37	4.40	21.58	0.31
2017	27.99	7.7 %	0.40	-	27.99	0.40
2018	35.45	26.7 %	0.51	-	35.45	0.51
2019	120.65	240.3 %	1.72	32.41	88.24	1.26
2020	40.13	(66.7 %)	0.57	(20.95)	61.08	0.87
2021	50.84	26.7 %	0.73	-	50.84	0.73
2022	75.18	47.9 %	1.07	20.75	54.43	0.78

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	9.54 %	-	8.25 %
Q2 2014	9.47 %	-	6.40 %
Q3 2014	8.82 %	-	4.16 %
Q4 2014	8.21 %	-	3.45 %
2014	8.22 %	6.01 %	4.56 %
Q1 2015	7.89 %	-	2.30 %
Q2 2015	7.37 %	-	2.68 %
Q3 2015	7.82 %	-	2.86 %
Q4 2015	7.77 %	-	2.56 %
2015	7.78 %	6.61 %	3.34 %
Q1 2016	6.71 %	-	1.91 %
Q2 2016	5.76 %	-	1.37 %
Q3 2016	5.35 %	-	1.28 %
Q4 2016	5.31 %	-	1.38 %
2016	5.31 %	5.10 %	1.97 %
Q1 2017	5.44 %	-	1.64 %
Q2 2017	6.04 %	-	1.75 %
Q3 2017	6.00 %	-	1.90 %
Q4 2017	6.56 %	-	2.05 %
2017	6.56 %	6.37 %	2.31 %
Q1 2018	6.01 %	-	2.08 %
Q2 2018	4.94 %	-	1.98 %
Q3 2018	4.32 %	-	1.65 %
Q4 2018	3.99 %	-	1.23 %
2018	3.99 %	4.09 %	1.72 %
Q1 2019	3.85 %	-	0.80 %
Q2 2019	4.00 %	-	0.59 %
Q3 2019	3.93 %	-	0.80 %
Q4 2019	6.39 %	-	0.63 %
2019	6.39 %	8.81 %	3.55 %
Q1 2020	6.60 %	-	0.90 %
Q2 2020	8.48 %	-	2.11 %
Q3 2020	9.51 %	-	2.35 %
Q4 2020	7.03 %	11.61 %	2.86 %
2020	7.03 %	11.61 %	2.86 %
Q1 2021	7.02 %	11.69 %	2.89 %
Q2 2021	5.05 %	8.84 %	1.62 %
Q3 2021	4.14 %	7.45 %	1.20 %
Q4 2021	3.92 %	6.55 %	1.25 %
2021	3.92 %	6.56 %	1.25 %
Q1 2022	3.43 %	5.72 %	1.02 %
Q2 2022	3.37 %	5.61 %	0.87 %
Q3 2022	3.37 %	5.54 %	0.90 %
Q4 2022	3.30 %	5.67 %	0.69 %
2022	3.30 %	5.67 %	0.69 %
Q1 2023	3.43 %	5.92 %	0.67 %
Q2 2023	3.43 %	5.87 %	0.62 %
Q3 2023	3.31 %	5.86 %	0.47 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2013	8.96 %	6.64 %	8.43 %
2014	8.22 %	6.01 %	4.56 %
2015	7.78 %	6.61 %	3.34 %
2016	5.31 %	5.10 %	1.97 %
2017	6.56 %	6.37 %	2.31 %
2018	3.99 %	4.09 %	1.72 %
2019	6.39 %	8.81 %	3.55 %
2020	7.03 %	11.61 %	2.86 %
2021	3.92 %	6.56 %	1.25 %
2022	3.30 %	5.67 %	0.69 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	9.39 %	7.48 %	7.95 %
Q2 2014	11.07 %	8.74 %	3.74 %
Q3 2014	7.63 %	6.35 %	2.91 %
Q4 2014	5.09 %	-	-
Q1 2015	7.93 %	7.06 %	2.55 %
Q2 2015	8.43 %	7.20 %	4.60 %
Q3 2015	8.93 %	7.65 %	3.38 %
Q4 2015	5.93 %	-	-
Q1 2016	4.66 %	4.42 %	0.60 %
Q2 2016	4.50 %	4.59 %	1.65 %
Q3 2016	6.50 %	6.09 %	2.45 %
Q4 2016	5.58 %	-	0.83 %
Q1 2017	5.20 %	6.06 %	1.63 %
Q2 2017	6.82 %	7.37 %	2.06 %
Q3 2017	6.30 %	7.75 %	2.94 %
Q4 2017	7.76 %	-	1.55 %
Q1 2018	4.08 %	4.98 %	1.88 %
Q2 2018	3.21 %	3.90 %	1.76 %
Q3 2018	3.57 %	4.29 %	1.41 %
Q4 2018	5.05 %	-	0.01 %
Q1 2019	3.52 %	6.18 %	0.12 %
Q2 2019	3.85 %	6.87 %	0.86 %
Q3 2019	3.41 %	6.43 %	2.01 %
Q4 2019	13.78 %	-	(0.48 %)
Q1 2020	4.73 %	7.81 %	1.27 %
Q2 2020	15.47 %	24.86 %	10.05 %
Q3 2020	6.76 %	11.24 %	2.91 %
Q4 2020	5.61 %	9.49 %	0.98 %
Q1 2021	5.02 %	8.61 %	1.60 %
Q2 2021	3.66 %	7.13 %	1.26 %
Q3 2021	3.19 %	5.87 %	1.00 %
Q4 2021	4.14 %	5.46 %	1.26 %
Q1 2022	2.80 %	4.78 %	0.63 %
Q2 2022	3.38 %	6.05 %	0.71 %
Q3 2022	3.26 %	5.53 %	1.04 %
Q4 2022	3.53 %	5.96 %	0.38 %
Q1 2023	3.56 %	6.14 %	0.57 %
Q2 2023	3.38 %	5.84 %	0.50 %
Q3 2023	2.80 %	5.51 %	0.42 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2014	70.00	0.57	0.44	10.60
Q2 2014	70.00	0.75	0.36	10.66
Q3 2014	70.00	0.64	0.25	10.23
Q4 2014	70.00	0.49	0.22	10.37
Q1 2015	70.00	0.43	0.16	10.43
Q2 2015	70.00	0.15	0.20	10.47
Q3 2015	70.00	0.19	0.24	10.44
Q4 2015	70.00	0.19	0.24	10.46
Q1 2016	70.00	0.17	0.22	11.44
Q2 2016	70.00	0.18	0.18	11.13
Q3 2016	70.00	0.18	0.18	11.15
Q4 2016	70.00	0.28	0.22	11.18
Q1 2017	70.00	0.32	0.26	11.31
Q2 2017	70.00	0.35	0.28	11.40
Q3 2017	70.00	0.38	0.32	11.54
Q4 2017	70.00	0.35	0.35	10.42
Q1 2018	70.00	0.41	0.41	10.54
Q2 2018	70.00	0.45	0.45	10.29
Q3 2018	70.00	0.43	0.43	10.39
Q4 2018	70.00	0.36	0.36	10.74
Q1 2019	70.00	0.36	0.25	9.99
Q2 2019	70.00	0.31	0.19	10.01
Q3 2019	70.00	0.39	0.27	10.18
Q4 2019	70.00	0.69	0.22	12.14
Q1 2020	70.00	0.67	0.33	12.21
Q2 2020	70.00	0.66	0.68	11.45
Q3 2020	70.00	0.73	0.74	11.74
Q4 2020	70.00	0.57	0.87	11.50
Q1 2021	70.00	0.63	0.93	11.68
Q2 2021	70.00	0.74	0.67	11.67
Q3 2021	70.00	0.65	0.59	11.59
Q4 2021	70.00	0.73	0.73	11.60
Q1 2022	70.00	0.67	0.67	11.78
Q2 2022	70.00	0.92	0.71	11.99
Q3 2022	70.00	1.09	0.87	11.90
Q4 2022	70.00	1.07	0.78	11.65
Q1 2023	70.00	1.13	0.85	11.83
Q2 2023	70.00	0.87	0.80	12.05
Q3 2023	70.00	0.67	0.60	12.46

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2013	70.00	0.57	0.44	10.41
2014	70.00	1.17	0.30	10.37
2015	70.00	0.27	0.32	10.46
2016	70.00	0.37	0.31	11.18
2017	70.00	0.40	0.40	10.42
2018	70.00	0.51	0.51	10.74
2019	70.00	1.72	1.26	12.14
2020	70.00	0.57	0.87	11.50
2021	70.00	0.73	0.73	11.60
2022	70.00	1.07	0.78	11.65

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2014	30.03	38.46	1.61
Q2 2014	23.84	50.12	1.68
Q3 2014	30.93	79.58	1.94
Q4 2014	30.56	67.36	1.45
Q1 2015	41.20	More than 100	1.69
Q2 2015	More than 100	More than 100	2.34
Q3 2015	85.40	67.25	1.57
Q4 2015	89.52	70.49	1.64
Q1 2016	74.86	57.29	1.10
Q2 2016	68.85	68.85	1.12
Q3 2016	50.52	50.52	0.83
Q4 2016	51.96	67.07	1.30
Q1 2017	42.04	52.26	1.20
Q2 2017	36.38	44.41	1.11
Q3 2017	38.67	46.33	1.27
Q4 2017	41.38	41.38	1.41
Q1 2018	33.03	33.03	1.29
Q2 2018	28.97	28.97	1.28
Q3 2018	30.57	30.57	1.27
Q4 2018	40.07	40.07	1.35
Q1 2019	39.00	57.53	1.42
Q2 2019	42.24	68.54	1.29
Q3 2019	46.12	66.23	1.75
Q4 2019	36.82	More than 100	2.08
Q1 2020	34.62	70.99	1.91
Q2 2020	33.26	32.39	1.93
Q3 2020	38.73	38.08	2.40
Q4 2020	46.05	30.26	2.30
Q1 2021	46.21	31.31	2.49
Q2 2021	42.45	46.49	2.68
Q3 2021	48.08	52.84	2.70
Q4 2021	36.23	36.23	2.27
Q1 2022	51.29	51.29	2.91
Q2 2022	32.21	42.03	2.47
Q3 2022	24.33	30.44	2.24
Q4 2022	25.94	35.82	2.39
Q1 2023	28.07	37.68	2.69
Q2 2023	57.52	62.88	4.15
Q3 2023	82.60	92.12	4.47

Period	P/E	Adjusted P/E	Price/book
2013	25.57	32.71	1.40
2014	12.83	50.99	1.45
2015	64.53	54.01	1.64
2016	39.05	47.01	1.30
2017	36.72	36.72	1.41
2018	28.57	28.57	1.35
2019	14.65	20.02	2.08
2020	46.05	30.26	2.30
2021	36.23	36.23	2.27
2022	25.94	35.82	2.39

Business Segments (Million)

Compared With The

Period	The retail sector and operation (stations and Breathers)	SASCO Palm	Transportation Fleet	Saudi Autombile and Touring Association - SATA	investment sector	Consolidation adjustments & eliminations
Q1 2014	94.51	-	2.41	3.64	-	(2.57)
Q2 2014	104.35	-	2.69	9.23	-	(2.87)
Q3 2014	117.00	-	2.73	6.76	-	(2.92)
Q4 2014	114.97	-	2.44	3.56	-	(2.54)
Q1 2015	123.27	-	2.78	3.42	-	(2.92)
Q2 2015	155.78	-	3.84	3.76	-	(3.84)
Q3 2015	183.13	-	4.42	8.45	-	(4.40)
Q4 2015	183.06	-	4.30	4.66	-	(4.64)
Q1 2016	269.80	-	4.67	3.32	-	(6.83)
Q2 2016	267.65	-	5.05	8.25	-	(5.98)
Q3 2016	269.70	-	4.92	5.67	-	(7.81)
Q4 2016	274.25	-	5.03	3.23	-	(6.79)
Q1 2017	279.64	-	5.31	3.99	-	(6.91)
Q2 2017	302.81	-	5.90	8.73	-	(8.06)
Q3 2017	300.71	-	5.80	6.73	-	(8.26)
Q4 2017	318.53	-	5.75	3.27	-	(11.62)
Q1 2018	473.30	-	5.96	0.92	-	(20.23)
Q2 2018	518.86	-	6.68	3.92	-	(7.18)
Q3 2018	533.70	-	6.95	5.47	-	(21.51)
Q4 2018	564.44	-	6.78	1.70	-	(23.66)
Q1 2019	564.55	-	6.78	2.42	-	(12.88)
Q2 2019	594.50	-	7.05	4.89	-	(13.49)
Q3 2019	645.82	-	7.52	4.74	-	(10.81)
Q4 2019	694.24	-	7.81	2.21	-	(22.51)
Q1 2020	701.85	-	7.66	1.63	-	(70.07)
Q2 2020	332.67	-	5.80	0.72	-	(41.82)
Q3 2020	642.11	-	7.98	0.29	-	(63.55)
Q4 2020	740.82	-	8.16	0.91	-	(138.92)
Q1 2021	753.14	-	43.76	1.42	-	(47.78)
Q3 2021	1,154.69	-	288.79	2.87	-	(155.50)
Q1 2022	1,273.92	-	10.43	2.47	-	(14.35)
Q2 2022	2,071.53	-	11.15	2.67	-	(19.88)
Q3 2022	2,244.75	-	11.30	2.78	-	(18.32)
Q4 2022	2,277.31	-	12.35	3.18	-	(19.08)
Q1 2023	2,224.14	-	12.41	3.59	-	(19.96)
Q2 2023	2,236.67	-	12.72	7.11	-	(20.51)
Q3 2023	2,261.74	62.85	13.43	5.32	-	(20.89)

Period	The retail sector and operation (stations and Breathers)	SASCO Palm	Transportation Fleet	Saudi Autombile and Touring Association - SATA	investment sector	Consolidation adjustments & eliminations
2013	344.88	-	8.94	24.68	-	(9.60)
2014	430.83	-	10.26	23.18	-	(10.91)
2015	645.23	-	15.33	20.29	-	(15.81)
2016	1,081.40	-	19.66	20.47	-	(27.41)
2017	1,201.69	-	22.76	22.72	-	(34.85)
2018	2,090.29	-	26.36	12.01	-	(72.58)
2019	2,499.13	-	29.16	14.25	-	(59.69)
2020	2,417.45	-	29.60	3.55	-	(314.36)
2021	4,077.82	-	38.18	8.51	-	(62.87)
2022	7,867.51	-	45.23	11.10	-	(71.63)

Financial Ratios

	Current
Market Cap (M Riyal)	4,480.00
Enterprise Value (EV) (M)	6,023.45
Shares Outstanding ((M))	70.00
EPS ( Riyal) (TTM)	1.42
Book Value (BV) ( Riyal)	12.03
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	More than 100
P/E (TTM)	45.01
Price/book	5.32
Return on Average Assets (%) (TTM)	1.6
Return on Average Equity (%) (TTM)	11.6

Saudi Automotive Services Co. (SASCO)

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SASCO 9M 2023 profit drops 35% to SAR 40 mln; Q3 at SAR 13 mln

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Financials (M)

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Financial results (Million)

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Profit Performance (Million)

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Per Share Data (Riyal)

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Saudi Automotive Services Co. (SASCO)

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SASCO 9M 2023 profit drops 35% to SAR 40 mln; Q3 at SAR 13 mln

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Financials (M)

Current Quarter Comparison (M)

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

Business Segments (Million) Q3 2023

Revenue by Business Segment (Latest) 2023 Q3

Financial Ratios

Share Price

Saudi Automotive Services Co. (SASCO)

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Business Segments (Million)