Shams widens net loss to SAR 14 mln in 9M 2021

09/11/2021 Argaam Exclusive

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Tourism Enterprise Co. (Shams) widened its net loss after Zakat and tax to SAR 14 million for the first nine months of 2021, from SAR 6.2 million in the same period a year earlier.

The company attributed the increase in net loss to the formation of legal provisions and provisions for debit balances in the second quarter of the current period, which led to an increase in the net loss despite the increase in revenue.

Financials (M)

Item	9m 2020	9m 2021	Change‬
Revenues	10.26	12.22	19.1 %
Gross Income	1.93	3.33	72.3 %
Operating Income	(5.69)	(13.16)	(131.2 %)
Net Income	(6.19)	(14.04)	(126.9 %)
Average Shares	677.40	677.40	-
EPS (Halala)	(0.91)	(2.07)	(126.9 %)

The company turned to a net profit of SAR 94,000 in Q3 2021, from a net loss of SAR 1.5 million in the same quarter last year, due to lower general and administrative expenses as well as decline in claims and zakat expenses, in addition to booking provisions for debit balances during the same quarter of the previous year.

On a quarterly basis, the company also turned to a net profit in Q3 2021 from a loss of SAR 13.2 million in Q2 2021.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2020	Q3 2021	Change‬
Revenues	6.39	4.24	(33.7 %)
Gross Income	3.23	0.79	(75.4 %)
Operating Income	(1.27)	0.07	105.1 %
Net Income	(1.52)	0.09	106.2 %
Average Shares	677.40	677.40	-
EPS (Halala)	(0.22)	0.01	106.2 %

Item	Q2 2021	Q3 2021	Change‬
Revenues	4.77	4.24	(11.2 %)
Gross Income	1.51	0.79	(47.4 %)
Operating Income	(12.42)	0.07	100.5 %
Net Income	(13.19)	0.09	100.7 %
Average Shares	677.40	677.40	-
EPS (Halala)	(1.95)	0.01	100.7 %

Accumulated losses stood at SAR 48.9 million as of Sept. 30, 2021, representing 48.1% of the company’s SAR 101.5 million capital.

Total shareholders’ equity reached SAR 55.56 million at the end of September 2021, compared to SAR 71.62 million in the same period last year.

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Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2012	3.54	30.7 %	2.42	14.4 %	0.50	128.0 %
Q2 2012	5.02	4.0 %	3.64	5.1 %	1.55	31.4 %
Q3 2012	6.26	9.9 %	4.27	11.5 %	2.22	22.5 %
Q4 2012	5.33	22.1 %	2.81	3.0 %	0.36	(31.2 %)
2012	20.16	14.5 %	13.14	8.3 %	4.62	24.0 %
Q1 2013	4.88	37.8 %	2.82	16.5 %	0.69	39.6 %
Q2 2013	5.51	9.6 %	4.13	13.3 %	1.74	12.7 %
Q3 2013	6.11	(2.4 %)	4.66	9.1 %	2.31	3.9 %
Q4 2013	4.69	(12.1 %)	3.22	14.5 %	0.39	9.5 %
2013	21.19	5.1 %	14.82	12.8 %	5.14	11.1 %
Q1 2014	4.18	(14.3 %)	3.24	15.1 %	0.75	8.2 %
Q2 2014	6.19	12.4 %	4.62	11.9 %	1.80	3.4 %
Q3 2014	7.49	22.5 %	5.08	9.0 %	2.36	2.3 %
Q4 2014	4.70	0.2 %	3.31	2.8 %	0.41	5.6 %
2014	22.56	6.5 %	16.24	9.6 %	5.33	3.7 %
Q1 2015	5.00	19.4 %	3.63	12.2 %	0.80	6.1 %
Q2 2015	5.49	(11.4 %)	4.69	1.5 %	1.84	2.3 %
Q3 2015	7.04	(6.0 %)	5.13	1.1 %	2.40	1.9 %
Q4 2015	3.38	(28.0 %)	0.58	(82.4 %)	(3.03)	(832.4 %)
2015	20.90	(7.3 %)	14.03	(13.6 %)	2.02	(62.0 %)
Q1 2016	4.73	(5.3 %)	2.47	(32.0 %)	0.60	(25.0 %)
Q2 2016	4.44	(19.2 %)	2.04	(56.4 %)	0.85	(53.7 %)
Q3 2016	5.68	(19.4 %)	2.38	(53.7 %)	0.43	(82.0 %)
Q4 2016	3.52	4.2 %	0.06	(90.2 %)	(1.38)	54.4 %
2016	18.36	(12.1 %)	6.87	(51.0 %)	0.50	(75.2 %)
Q1 2017	3.11	(34.3 %)	0.74	(70.2 %)	(1.05)	(274.7 %)
Q2 2017	3.73	(16.0 %)	1.49	(26.9 %)	0.11	(87.6 %)
Q3 2017	4.29	(24.4 %)	1.54	(35.3 %)	0.28	(36.0 %)
Q4 2017	2.50	(29.2 %)	0.04	(22.8 %)	(1.63)	(17.8 %)
2017	13.64	(25.7 %)	3.83	(44.3 %)	(2.27)	(551.4 %)
Q1 2018	3.22	3.5 %	1.95	164.0 %	(1.76)	(68.8 %)
Q2 2018	2.99	(19.9 %)	0.19	(87.0 %)	(1.09)	(1132.1 %)
Q3 2018	3.77	(12.2 %)	1.03	(33.1 %)	(0.57)	(304.0 %)
Q4 2018	2.45	(1.6 %)	(0.37)	(947.7 %)	(2.87)	(76.2 %)
2018	12.43	(8.9 %)	1.59	(58.4 %)	(6.30)	(177.8 %)
Q1 2019	2.41	(25.0 %)	(0.20)	(110.3 %)	(3.73)	(111.6 %)
Q2 2019	3.78	26.5 %	1.53	688.7 %	(0.13)	87.8 %
Q3 2019	4.05	7.4 %	1.25	21.6 %	(0.20)	65.0 %
Q4 2019	2.45	0.0 %	(0.98)	(161.4 %)	(5.74)	(100.2 %)
2019	12.69	2.1 %	1.79	12.2 %	(9.76)	(55.0 %)
Q1 2020	1.73	(28.2 %)	(0.95)	(375.5 %)	(2.58)	30.9 %
Q2 2020	2.14	(43.5 %)	(0.35)	(123.1 %)	(1.84)	(1,282.0 %)
Q3 2020	6.39	57.9 %	3.23	158.9 %	(1.27)	(543.4 %)
Q4 2020	5.80	136.4 %	3.50	459.4 %	0.13	102.2 %
2020	16.06	26.5 %	5.43	204.1 %	(5.56)	43.0 %
Q1 2021	3.21	85.1 %	0.50	152.6 %	(0.81)	68.8 %
Q2 2021	4.77	123.6 %	1.51	527.5 %	(12.42)	(575.6 %)
Q3 2021	4.24	(33.7 %)	0.79	(75.4 %)	0.07	105.1 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2011	17.61	18.3 %	12.13	22.5 %	3.73	80.4 %
2012	20.16	14.5 %	13.14	8.3 %	4.62	24.0 %
2013	21.19	5.1 %	14.82	12.8 %	5.14	11.1 %
2014	22.56	6.5 %	16.24	9.6 %	5.33	3.7 %
2015	20.90	(7.3 %)	14.03	(13.6 %)	2.02	(62.0 %)
2016	18.36	(12.1 %)	6.87	(51.0 %)	0.50	(75.2 %)
2017	13.64	(25.7 %)	3.83	(44.3 %)	(2.27)	(551.4 %)
2018	12.43	(8.9 %)	1.59	(58.4 %)	(6.30)	(177.8 %)
2019	12.69	2.1 %	1.79	12.2 %	(9.76)	(55.0 %)
2020	16.06	26.5 %	5.43	204.1 %	(5.56)	43.0 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Halala)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2012	0.35	311.6 %	0.05	-	0.35	0.00
Q2 2012	1.27	21.0 %	0.19	-	1.27	0.00
Q3 2012	2.04	10.5 %	0.30	-	2.04	0.00
Q4 2012	0.60	88.7 %	0.09	-	0.60	0.00
2012	4.26	29.2 %	0.63	-	4.26	0.01
Q1 2013	5.62	1487.3 %	0.83	13.06	(7.45)	(0.01)
Q2 2013	1.51	19.1 %	0.22	-	1.51	0.00
Q3 2013	2.12	4.0 %	0.31	-	2.12	0.00
Q4 2013	0.53	(11.2 %)	0.08	-	0.53	0.00
2013	9.78	129.6 %	1.44	13.06	(3.28)	0.00
Q1 2014	0.61	(89.2 %)	0.09	0.04	0.56	0.00
Q2 2014	1.61	6.3 %	0.24	0.00	1.61	0.00
Q3 2014	2.17	2.4 %	0.32	0.00	2.17	0.00
Q4 2014	0.45	(15.4 %)	0.07	-	0.45	0.00
2014	4.83	(50.6 %)	0.71	0.04	4.79	0.01
Q1 2015	0.64	6.1 %	0.09	-	0.64	0.00
Q2 2015	1.63	1.3 %	0.24	-	1.63	0.00
Q3 2015	2.19	1.0 %	0.32	-	2.19	0.00
Q4 2015	(2.45)	(643.5 %)	(0.36)	-	(2.45)	0.00
2015	2.01	(58.4 %)	0.30	-	2.01	0.00
Q1 2016	0.64	0.0 %	0.09	-	0.64	0.00
Q2 2016	0.90	(44.6 %)	0.13	-	0.90	0.00
Q3 2016	0.47	(78.4 %)	0.07	-	0.47	0.00
Q4 2016	(1.46)	40.6 %	(0.22)	-	(1.46)	0.00
2016	0.56	(72.1 %)	0.08	-	0.56	0.00
Q1 2017	(1.01)	(256.3 %)	(0.15)	-	(1.01)	0.00
Q2 2017	0.16	(82.5 %)	0.02	-	0.16	0.00
Q3 2017	0.31	(35.1 %)	0.05	-	0.31	0.00
Q4 2017	1.37	194.0 %	0.20	-	1.37	0.00
2017	0.33	(41.0 %)	0.05	-	0.33	0.00
Q1 2018	(1.98)	(97.2 %)	(0.29)	-	(1.98)	0.00
Q2 2018	(1.31)	(931.6 %)	(0.19)	-	(1.31)	0.00
Q3 2018	(0.79)	(355.7 %)	(0.12)	-	(0.79)	0.00
Q4 2018	(8.14)	(694.3 %)	(1.20)	(5.18)	(2.96)	0.00
2018	(12.22)	(3792.4 %)	(1.80)	(5.18)	(7.04)	(0.01)
Q1 2019	1.21	161.2 %	0.18	-	1.21	0.00
Q2 2019	0.24	118.6 %	0.04	-	0.24	0.00
Q3 2019	(0.27)	65.2 %	(0.04)	-	(0.27)	0.00
Q4 2019	(5.41)	33.5 %	(0.80)	-	(5.41)	(0.01)
2019	(4.19)	65.8 %	(0.62)	-	(4.19)	(0.01)
Q1 2020	(2.69)	(321.8 %)	(0.40)	-	(2.69)	0.00
Q2 2020	(1.98)	(909.8 %)	(0.29)	-	(1.98)	0.00
Q3 2020	(1.52)	(457.5 %)	(0.22)	-	(1.52)	0.00
Q4 2020	(2.01)	62.9 %	(0.30)	-	(2.01)	0.00
2020	(8.20)	(95.8 %)	(1.21)	-	(8.20)	(0.01)
Q1 2021	(0.94)	65.0 %	(0.14)	-	(0.94)	0.00
Q2 2021	(13.19)	(567.7 %)	(1.95)	-	(13.19)	(0.02)
Q3 2021	0.09	106.2 %	0.01	-	0.09	0.00

Period	Net Income	Change	EPS(Halala)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2011	3.30	106.9 %	0.49	-	3.30	0.00
2012	4.26	29.2 %	0.63	-	4.26	0.01
2013	9.78	129.6 %	1.44	13.06	(3.28)	0.00
2014	4.83	(50.6 %)	0.71	0.04	4.79	0.01
2015	2.01	(58.4 %)	0.30	-	2.01	0.00
2016	0.56	(72.1 %)	0.08	-	0.56	0.00
2017	0.33	(41.0 %)	0.05	-	0.33	0.00
2018	(12.22)	(3792.4 %)	(1.80)	(5.18)	(7.04)	(0.01)
2019	(4.19)	65.8 %	(0.62)	-	(4.19)	(0.01)
2020	(8.20)	(95.8 %)	(1.21)	-	(8.20)	(0.01)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2012	67.45 %	43.91 %	19.34 %
Q2 2012	67.69 %	45.92 %	20.31 %
Q3 2012	68.01 %	47.20 %	20.73 %
Q4 2012	65.16 %	44.93 %	21.13 %
2012	65.16 %	44.93 %	21.13 %
Q1 2013	62.96 %	43.22 %	(16.46 %)
Q2 2013	63.77 %	43.46 %	(14.99 %)
Q3 2013	66.00 %	44.58 %	(14.72 %)
Q4 2013	69.93 %	46.24 %	(15.48 %)
2013	69.93 %	46.24 %	(15.48 %)
Q1 2014	74.39 %	48.50 %	23.07 %
Q2 2014	74.30 %	47.50 %	22.77 %
Q3 2014	71.63 %	44.94 %	21.61 %
Q4 2014	72.00 %	45.35 %	21.24 %
2014	72.00 %	45.35 %	21.24 %
Q1 2015	71.19 %	43.44 %	20.84 %
Q2 2015	73.70 %	44.49 %	21.58 %
Q3 2015	75.43 %	45.40 %	22.11 %
Q4 2015	67.15 %	31.78 %	9.62 %
2015	67.15 %	31.79 %	9.63 %
Q1 2016	62.38 %	31.84 %	9.75 %
Q2 2016	52.24 %	29.10 %	6.57 %
Q3 2016	41.02 %	21.27 %	(2.38 %)
Q4 2016	37.83 %	30.97 %	3.06 %
2016	37.42 %	30.96 %	3.06 %
Q1 2017	31.14 %	24.59 %	(6.49 %)
Q2 2017	29.09 %	21.41 %	(11.42 %)
Q3 2017	26.11 %	22.84 %	(13.63 %)
Q4 2017	27.98 %	22.17 %	6.09 %
2017	28.07 %	22.30 %	2.43 %
Q1 2018	36.56 %	17.30 %	(1.07 %)
Q2 2018	28.64 %	9.58 %	(12.46 %)
Q3 2018	25.76 %	3.50 %	(21.75 %)
Q4 2018	22.49 %	(6.31 %)	(56.69 %)
2018	12.81 %	(6.37 %)	(56.68 %)
Q1 2019	5.58 %	(21.96 %)	(33.12 %)
Q2 2019	15.99 %	(11.88 %)	(18.46 %)
Q3 2019	17.38 %	(8.69 %)	(14.02 %)
Q4 2019	12.64 %	(28.87 %)	(33.33 %)
2019	14.08 %	(28.54 %)	(32.98 %)
Q1 2020	7.10 %	(21.19 %)	(67.72 %)
Q2 2020	(9.94 %)	(40.56 %)	(99.86 %)
Q3 2020	7.51 %	(40.95 %)	(91.28 %)
Q4 2020	33.84 %	2.89 %	(51.04 %)
2020	33.84 %	2.88 %	(51.04 %)
Q1 2021	39.28 %	12.58 %	(36.77 %)
Q2 2021	43.37 %	(41.57 %)	(87.58 %)
Q3 2021	35.01 %	(39.08 %)	(89.07 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2011	68.90 %	44.14 %	18.73 %
2012	65.16 %	44.93 %	21.13 %
2013	69.93 %	46.24 %	(15.48 %)
2014	72.00 %	45.35 %	21.24 %
2015	67.15 %	31.79 %	9.63 %
2016	37.42 %	30.96 %	3.06 %
2017	28.07 %	22.30 %	2.43 %
2018	12.81 %	(6.37 %)	(56.68 %)
2019	14.08 %	(28.54 %)	(32.98 %)
2020	33.84 %	2.88 %	(51.04 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2012	68.17 %	44.53 %	9.99 %
Q2 2012	72.58 %	52.44 %	25.27 %
Q3 2012	68.12 %	53.00 %	32.54 %
Q4 2012	52.70 %	28.65 %	11.25 %
Q1 2013	57.66 %	37.10 %	(152.50 %)
Q2 2013	74.97 %	52.59 %	27.45 %
Q3 2013	76.19 %	57.26 %	34.69 %
Q4 2013	68.64 %	33.96 %	11.36 %
Q1 2014	77.41 %	46.63 %	13.46 %
Q2 2014	74.62 %	48.72 %	25.93 %
Q3 2014	67.80 %	47.76 %	29.00 %
Q4 2014	70.44 %	35.94 %	9.60 %
Q1 2015	72.73 %	37.46 %	12.87 %
Q2 2015	85.40 %	53.76 %	29.66 %
Q3 2015	72.92 %	50.84 %	31.15 %
Q4 2015	17.27 %	(51.91 %)	(72.49 %)
Q1 2016	52.23 %	38.00 %	13.59 %
Q2 2016	46.09 %	46.85 %	20.34 %
Q3 2016	41.85 %	30.93 %	8.33 %
Q4 2016	1.62 %	1.59 %	(41.37 %)
Q1 2017	23.71 %	7.30 %	(32.34 %)
Q2 2017	40.09 %	37.40 %	4.24 %
Q3 2017	35.80 %	38.87 %	7.15 %
Q4 2017	1.76 %	(10.78 %)	54.91 %
Q1 2018	60.47 %	(12.96 %)	(61.59 %)
Q2 2018	6.50 %	8.77 %	(44.01 %)
Q3 2018	27.26 %	22.82 %	(20.83 %)
Q4 2018	(15.20 %)	(60.68 %)	(120.74 %)
Q1 2019	(8.29 %)	(90.59 %)	50.29 %
Q2 2019	40.51 %	35.48 %	6.46 %
Q3 2019	30.86 %	30.42 %	(6.75 %)
Q4 2019	(39.75 %)	(165.06 %)	(220.67 %)
Q1 2020	(54.91 %)	(61.61 %)	(155.37 %)
Q2 2020	(16.53 %)	(14.99 %)	(92.55 %)
Q3 2020	50.61 %	3.62 %	(23.82 %)
Q4 2020	60.42 %	27.94 %	(34.59 %)
Q1 2021	15.60 %	21.02 %	(29.35 %)
Q2 2021	31.62 %	(228.56 %)	(276.43 %)
Q3 2021	18.73 %	37.14 %	2.22 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Halala)	Adjusted EPS (Halala)	Book Value (BV)
Q1 2012	677.40	0.53	0.53	0.11
Q2 2012	677.40	0.56	0.56	0.11
Q3 2012	677.40	0.59	0.59	0.11
Q4 2012	677.40	0.63	0.63	0.12
Q1 2013	677.40	1.41	(0.52)	0.12
Q2 2013	677.40	1.44	(0.49)	0.13
Q3 2013	677.40	1.45	(0.47)	0.13
Q4 2013	677.40	1.44	(0.48)	0.13
Q1 2014	677.40	0.70	0.70	0.13
Q2 2014	677.40	0.72	0.71	0.13
Q3 2014	677.40	0.73	0.72	0.14
Q4 2014	677.40	0.71	0.71	0.14
Q1 2015	677.40	0.72	0.72	0.14
Q2 2015	677.40	0.72	0.72	0.14
Q3 2015	677.40	0.73	0.73	0.14
Q4 2015	677.40	0.30	0.30	0.14
Q1 2016	677.40	0.30	0.30	0.14
Q2 2016	677.40	0.19	0.19	0.14
Q3 2016	677.40	(0.06)	(0.06)	0.14
Q4 2016	677.40	0.08	0.08	0.14
Q1 2017	677.40	(0.16)	(0.16)	0.14
Q2 2017	677.40	(0.27)	(0.27)	0.14
Q3 2017	677.40	(0.29)	(0.29)	0.14
Q4 2017	677.40	0.12	0.12	0.14
Q1 2018	677.40	(0.02)	(0.02)	0.14
Q2 2018	677.40	(0.24)	(0.24)	0.14
Q3 2018	677.40	(0.40)	(0.40)	0.14
Q4 2018	677.40	(1.80)	(1.04)	0.12
Q1 2019	677.40	(1.33)	(0.57)	0.13
Q2 2019	677.40	(1.10)	(0.34)	0.12
Q3 2019	677.40	(1.03)	(0.26)	0.12
Q4 2019	677.40	(0.62)	(0.62)	0.11
Q1 2020	677.40	(1.20)	(1.20)	0.11
Q2 2020	677.40	(1.53)	(1.53)	0.11
Q3 2020	677.40	(1.71)	(1.71)	0.11
Q4 2020	677.40	(1.21)	(1.21)	0.10
Q1 2021	677.40	(0.95)	(0.95)	0.10
Q2 2021	677.40	(2.61)	(2.61)	0.08
Q3 2021	677.40	(2.37)	(2.37)	0.08

Period	Shares Outstanding (M)	EPS (Halala)	Adjusted EPS (Halala)	Book Value (BV)
2011	677.40	0.49	0.49	0.11
2012	677.40	0.63	0.63	0.12
2013	677.40	1.44	(0.48)	0.13
2014	677.40	0.71	0.71	0.14
2015	677.40	0.30	0.30	0.14
2016	677.40	0.08	0.08	0.14
2017	677.40	0.05	0.05	0.14
2018	677.40	(1.80)	(1.04)	0.12
2019	677.40	(0.62)	(0.62)	0.11
2020	677.40	(1.21)	(1.21)	0.10

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2012	More than 100	More than 100	9.14
Q2 2012	More than 100	More than 100	6.86
Q3 2012	More than 100	More than 100	7.92
Q4 2012	More than 100	More than 100	8.28
Q1 2013	More than 100	NEG	16.02
Q2 2013	More than 100	NEG	21.41
Q3 2013	More than 100	NEG	20.79
Q4 2013	More than 100	NEG	16.13
Q1 2014	More than 100	More than 100	14.90
Q2 2014	More than 100	More than 100	11.96
Q3 2014	More than 100	More than 100	12.80
Q4 2014	More than 100	More than 100	7.20
Q1 2015	More than 100	More than 100	7.96
Q2 2015	More than 100	More than 100	8.50
Q3 2015	More than 100	More than 100	6.23
Q4 2015	More than 100	More than 100	7.82
Q1 2016	More than 100	More than 100	6.41
Q2 2016	More than 100	More than 100	5.76
Q3 2016	NEG	NEG	4.34
Q4 2016	More than 100	More than 100	6.03
Q1 2017	NEG	NEG	5.69
Q2 2017	NEG	NEG	4.99
Q3 2017	NEG	NEG	5.57
Q4 2017	More than 100	More than 100	4.94
Q1 2018	NEG	NEG	6.24
Q2 2018	NEG	NEG	6.10
Q3 2018	NEG	NEG	6.06
Q4 2018	NEG	NEG	6.73
Q1 2019	NEG	NEG	5.94
Q2 2019	NEG	NEG	5.63
Q3 2019	NEG	NEG	5.12
Q4 2019	NEG	NEG	5.04
Q1 2020	NEG	NEG	4.29
Q2 2020	NEG	NEG	5.02
Q3 2020	NEG	NEG	11.44
Q4 2020	NEG	NEG	13.69
Q1 2021	NEG	NEG	14.23
Q2 2021	NEG	NEG	19.49
Q3 2021	NEG	NEG	23.33

Period	P/E	Adjusted P/E	Price/book
2011	More than 100	More than 100	6.98
2012	More than 100	More than 100	8.28
2013	More than 100	NEG	16.13
2014	More than 100	More than 100	7.20
2015	More than 100	More than 100	7.82
2016	More than 100	More than 100	6.03
2017	More than 100	More than 100	4.94
2018	NEG	NEG	6.73
2019	NEG	NEG	5.04
2020	NEG	NEG	13.69

Business Segments (Million)

Compared With The

Period	Daily rent revenue	Services and other fees revenue	Annual rent revenue
Q1 2021	2.17	0.84	0.19
Q2 2021	3.54	1.15	0.09
Q3 2021	2.97	1.02	0.25

Financial Ratios

	Current
Market Cap (M Riyal)	1,098.65
Enterprise Value (EV) (M)	576.16
Shares Outstanding ((M))	1,156.47
EPS (Halala) (TTM)	(3.63)
Book Value (BV) ( Riyal)	0.44
Par Value ( Halala)	50.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	NEG
Price/book	2.14
Return on Average Assets (%) (TTM)	(7.57 )
Return on Average Equity (%) (TTM)	(7.84 )

Tourism Enterprise Co. (TECO)

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Shams widens net loss to SAR 14 mln in 9M 2021

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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)

Revenue by Business Segment (Latest) 2021 Q3

Financial Ratios

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Tourism Enterprise Co. (TECO)

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Shams widens net loss to SAR 14 mln in 9M 2021

View other reports

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 2021

Revenue by Business Segment (Latest) 2021 Q3

Financial Ratios

Share Price

Tourism Enterprise Co. (TECO)

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Business Segments (Million)