Astra 9M 2024 net profit rises 34% to SAR 457.9M; Q3 at SAR 139.4M

Astra 9M 2024 net profit rises 34% to SAR 457.9M; Q3 at SAR 139.4M

31/10/2024 Argaam Exclusive

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Astra Industrial Group reported a net profit of SAR 457.9 million for the first nine months of 2024, marking a 34% increase from SAR 341 million in the same period last year.


Financials (M)

Item 9m 2023 9m 2024 Change‬
Revenues 2,042.87 2,340.66 14.6 %
Gross Income 848.60 1,011.95 19.2 %
Operating Income 379.84 496.65 30.8 %
Net Income 341.04 457.90 34.3 %
Average Shares 80.00 80.00 -
EPS (Riyals) 4.26 5.72 34.3 %

The growth was driven by higher sales volumes, increased gross profit, and gains from discontinued operations.

 

Q3 2024 net profit stood at SAR 139.4 million, an increase of 35% year-on-year (YoY), from SAR 103.4 million a year earlier, on higher sales volumes as well as gross profit.



Current Quarter Comparison (M)

Compared With The
Item Q3 2023 Q3 2024 Change‬
Revenues 643.21 688.53 7.0 %
Gross Income 259.20 324.02 25.0 %
Operating Income 114.03 164.38 44.1 %
Net Income 103.42 139.41 34.8 %
Average Shares 80.00 80.00 -
EPS (Riyals) 1.29 1.74 34.8 %

On a sequential basis, net earnings slumped by 17.4%, from SAR 168.7 million.

 

Total shareholders’ equity (no minority equity) stood at SAR 2.38 billion by Sept. 30, 2024, compared to SAR 1.99 billion a year earlier.

View more financial results

 


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
Q1 2015 489.36 (1.9 %) 181.61 (1.8 %) 42.43 (12.2 %)
Q2 2015 461.99 1.9 % 162.98 19.4 % 5.50 206.9 %
Q3 2015 381.83 (13.2 %) 130.00 3.2 % 1.92 (62.8 %)
Q4 2015 422.92 (14.0 %) 107.80 (32.1 %) (49.86) (342.5 %)
Q1 2016 503.31 2.9 % 224.54 23.6 % 58.48 37.8 %
Q2 2016 444.56 (3.8 %) 190.17 16.7 % 31.13 466.5 %
Q3 2016 389.16 1.9 % 180.23 38.6 % 39.60 1965.6 %
Q4 2016 404.48 (4.4 %) 185.42 72.0 % 20.77 141.7 %
Q1 2017 512.43 1.8 % 220.92 (1.6 %) 52.98 (9.4 %)
Q2 2017 428.52 (3.6 %) 198.92 4.6 % 23.25 (25.3 %)
Q3 2017 398.37 2.4 % 171.28 (5.0 %) 22.22 (43.9 %)
Q4 2017 456.35 12.8 % 165.46 (10.8 %) 27.75 33.6 %
Q1 2018 476.82 (6.9 %) 191.50 (13.3 %) 44.36 (16.3 %)
Q2 2018 436.40 1.8 % 184.86 (7.1 %) 31.56 35.7 %
Q3 2018 405.35 1.8 % 149.35 (12.8 %) 4.00 (82.0 %)
Q4 2018 478.34 4.8 % 186.25 12.6 % 55.81 101.1 %
Q1 2019 470.18 (1.4 %) 187.63 (2.0 %) 53.82 21.3 %
Q2 2019 493.41 13.1 % 209.98 13.6 % 64.99 105.9 %
Q3 2019 447.16 10.3 % 161.80 8.3 % 29.27 631.5 %
Q4 2019 456.36 (4.6 %) 178.94 (3.9 %) 48.09 (13.8 %)
Q1 2020 509.51 8.4 % 207.17 10.4 % 63.05 17.1 %
Q2 2020 441.51 (10.5 %) 165.76 (21.1 %) 43.27 (33.4 %)
Q3 2020 433.83 (3.0 %) 179.38 10.9 % 29.56 1.0 %
Q4 2020 663.02 45.3 % 250.32 39.9 % 76.56 59.2 %
Q1 2021 594.55 16.7 % 258.01 24.5 % 117.21 85.9 %
Q2 2021 533.09 20.7 % 205.37 23.9 % 71.02 64.1 %
Q3 2021 611.99 41.1 % 243.18 35.6 % 71.85 143.1 %
Q4 2021 590.58 (10.9 %) 187.97 (24.9 %) 66.22 (13.5 %)
Q1 2022 634.52 6.7 % 273.88 6.1 % 95.31 (18.7 %)
Q2 2022 608.54 14.2 % 225.76 9.9 % 91.40 28.7 %
Q3 2022 622.07 1.6 % 219.94 (9.6 %) 76.51 6.5 %
Q4 2022 729.02 23.4 % 320.47 70.5 % 157.63 138.1 %
Q1 2023 748.28 17.9 % 311.97 13.9 % 138.78 45.6 %
Q2 2023 659.59 8.4 % 277.70 23.0 % 125.25 37.0 %
Q3 2023 643.21 3.4 % 259.20 17.8 % 114.03 49.0 %
Q4 2023 789.70 8.3 % 335.77 4.8 % 154.18 (2.2 %)
Q1 2024 833.04 11.3 % 349.10 11.9 % 169.01 21.8 %
Q2 2024 819.10 24.2 % 338.83 22.0 % 163.27 30.3 %
Q3 2024 688.53 7.0 % 324.02 25.0 % 164.38 44.1 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
Q1 2015 42.11 (33.2 %) 0.53 - 42.11 0.53
Q2 2015 20.10 554.8 % 0.25 - 20.10 0.25
Q3 2015 9.46 (47.2 %) 0.12 - 9.46 0.12
Q4 2015 (65.19) (353.4 %) (0.81) - (65.19) (0.81)
Q1 2016 12.80 (69.6 %) 0.16 - 12.80 0.16
Q2 2016 (10.60) (152.8 %) (0.13) - (10.60) (0.13)
Q3 2016 (25.34) (367.9 %) (0.32) - (25.34) (0.32)
Q4 2016 (70.80) (8.6 %) (0.88) - (70.80) (0.88)
Q1 2017 19.74 54.3 % 0.25 11.62 8.12 0.10
Q2 2017 7.00 166.0 % 0.09 10.13 (3.13) (0.04)
Q3 2017 2.58 110.2 % 0.03 12.35 (9.77) (0.12)
Q4 2017 28.88 140.8 % 0.36 - 28.88 0.36
Q1 2018 25.53 29.3 % 0.32 - 25.53 0.32
Q2 2018 16.08 129.8 % 0.20 - 16.08 0.20
Q3 2018 (26.87) (1141.9 %) (0.34) - (26.87) (0.34)
Q4 2018 7.73 (73.2 %) 0.10 - 7.73 0.10
Q1 2019 8.91 (65.1 %) 0.11 - 8.91 0.11
Q2 2019 15.78 (1.9 %) 0.20 - 15.78 0.20
Q3 2019 (14.63) 45.6 % (0.18) - (14.63) (0.18)
Q4 2019 19.64 153.9 % 0.25 (60.61) 80.24 1.00
Q1 2020 34.09 282.8 % 0.43 - 34.09 0.43
Q2 2020 24.22 53.5 % 0.30 - 24.22 0.30
Q3 2020 19.20 231.3 % 0.24 - 19.20 0.24
Q4 2020 37.92 93.1 % 0.47 - 37.92 0.47
Q1 2021 50.61 48.4 % 0.63 - 50.61 0.63
Q2 2021 54.60 125.4 % 0.68 - 54.60 0.68
Q3 2021 45.37 136.3 % 0.57 - 45.37 0.57
Q4 2021 51.79 36.6 % 0.65 - 51.79 0.65
Q1 2022 74.69 47.6 % 0.93 - 74.69 0.93
Q2 2022 243.10 345.2 % 3.04 172.80 70.30 0.88
Q3 2022 70.87 56.2 % 0.89 - 70.87 0.89
Q4 2022 85.66 65.4 % 1.07 (25.21) 110.87 1.39
Q1 2023 122.88 64.5 % 1.54 - 122.88 1.54
Q2 2023 114.74 (52.8 %) 1.43 - 114.74 1.43
Q3 2023 103.42 45.9 % 1.29 - 103.42 1.29
Q4 2023 134.28 56.8 % 1.68 - 134.28 1.68
Q1 2024 149.74 21.9 % 1.87 - 149.74 1.87
Q2 2024 168.75 47.1 % 2.11 48.90 119.85 1.50
Q3 2024 139.41 34.8 % 1.74 - 139.41 1.74

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2015 32.16 % 9.69 % 4.74 %
Q2 2015 33.42 % 10.59 % 5.62 %
Q3 2015 34.71 % 10.53 % 5.34 %
Q4 2015 33.16 % 7.75 % 0.37 %
Q1 2016 35.33 % 7.68 % (1.29 %)
Q2 2016 37.23 % 7.90 % (3.05 %)
Q3 2016 39.93 % 9.51 % (5.02 %)
Q4 2016 44.81 % 12.07 % (5.39 %)
Q1 2017 44.37 % 11.60 % (5.63 %)
Q2 2017 45.28 % 11.49 % (5.26 %)
Q3 2017 44.53 % 10.40 % (4.33 %)
Q4 2017 42.13 % 10.71 % 1.34 %
Q1 2018 41.31 % 10.61 % 2.36 %
Q2 2018 40.33 % 11.14 % 3.43 %
Q3 2018 38.94 % 10.18 % 2.46 %
Q4 2018 39.62 % 11.54 % 1.25 %
Q1 2019 39.55 % 12.17 % 0.33 %
Q2 2019 39.69 % 13.73 % 0.30 %
Q3 2019 39.47 % 14.92 % 0.94 %
Q4 2019 39.55 % 14.92 % 4.84 %
Q1 2020 39.75 % 15.29 % 6.06 %
Q2 2020 38.48 % 14.62 % 6.68 %
Q3 2020 39.72 % 14.86 % 8.57 %
Q4 2020 39.19 % 14.75 % 5.64 %
Q1 2021 40.01 % 16.62 % 6.19 %
Q2 2021 40.15 % 17.24 % 7.30 %
Q3 2021 39.83 % 17.76 % 7.85 %
Q4 2021 38.39 % 18.04 % 8.68 %
Q1 2022 38.41 % 16.67 % 9.55 %
Q2 2022 38.06 % 16.85 % 9.90 %
Q3 2022 36.96 % 16.82 % 10.90 %
Q4 2022 40.09 % 19.27 % 12.59 %
Q1 2023 39.81 % 20.11 % 13.85 %
Q2 2023 40.96 % 21.02 % 15.20 %
Q3 2023 42.06 % 22.23 % 16.26 %
Q4 2023 41.70 % 21.92 % 16.73 %
Q1 2024 41.76 % 22.27 % 17.17 %
Q2 2024 41.58 % 22.29 % 16.44 %
Q3 2024 43.05 % 23.54 % 17.36 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2015 80.00 1.11 1.11 23.53
Q2 2015 80.00 1.32 1.32 22.71
Q3 2015 80.00 1.22 1.22 22.19
Q4 2015 80.00 0.08 0.08 21.46
Q1 2016 80.00 (0.29) (0.29) 21.65
Q2 2016 80.00 (0.67) (0.67) 21.78
Q3 2016 80.00 (1.10) (1.10) 21.78
Q4 2016 80.00 (1.17) (1.17) 15.43
Q1 2017 80.00 (1.09) (1.23) 15.62
Q2 2017 80.00 (0.87) (1.14) 15.28
Q3 2017 80.00 (0.52) (0.94) 15.21
Q4 2017 80.00 0.73 0.30 15.40
Q1 2018 80.00 0.80 0.52 14.11
Q2 2018 80.00 0.91 0.76 13.80
Q3 2018 80.00 0.55 0.55 13.40
Q4 2018 80.00 0.28 0.28 13.23
Q1 2019 80.00 0.07 0.07 13.38
Q2 2019 80.00 0.07 0.07 13.63
Q3 2019 80.00 0.22 0.22 13.40
Q4 2019 80.00 0.37 1.13 15.19
Q1 2020 80.00 0.69 1.44 15.49
Q2 2020 80.00 0.79 1.55 15.72
Q3 2020 80.00 1.21 1.97 15.98
Q4 2020 80.00 1.44 1.44 16.57
Q1 2021 80.00 1.65 1.65 17.05
Q2 2021 80.00 2.03 2.03 16.90
Q3 2021 80.00 2.36 2.36 17.44
Q4 2021 80.00 2.53 2.53 18.15
Q1 2022 80.00 2.83 2.83 19.08
Q2 2022 80.00 5.19 3.03 20.56
Q3 2022 80.00 5.51 3.35 21.44
Q4 2022 80.00 5.93 4.08 23.12
Q1 2023 80.00 6.53 4.69 24.75
Q2 2023 80.00 4.93 5.24 23.54
Q3 2023 80.00 5.33 5.65 24.89
Q4 2023 80.00 5.94 5.94 26.60
Q1 2024 80.00 6.28 6.28 28.53
Q2 2024 80.00 6.95 6.34 28.07
Q3 2024 80.00 7.40 6.79 29.86

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2015 26.98 26.98 1.27
Q2 2015 24.44 24.44 1.42
Q3 2015 19.14 19.14 1.05
Q4 2015 More than 100 More than 100 0.92
Q1 2016 NEG NEG 0.69
Q2 2016 NEG NEG 0.75
Q3 2016 NEG NEG 0.62
Q4 2016 NEG NEG 1.11
Q1 2017 NEG NEG 1.06
Q2 2017 NEG NEG 1.01
Q3 2017 NEG NEG 1.10
Q4 2017 21.95 53.03 1.04
Q1 2018 20.87 32.17 1.18
Q2 2018 21.02 25.30 1.39
Q3 2018 31.58 31.58 1.29
Q4 2018 58.37 58.37 1.24
Q1 2019 More than 100 More than 100 1.20
Q2 2019 More than 100 More than 100 1.12
Q3 2019 69.34 69.34 1.15
Q4 2019 41.44 13.63 1.01
Q1 2020 20.99 9.98 0.93
Q2 2020 23.80 12.16 1.20
Q3 2020 19.93 12.27 1.51
Q4 2020 17.81 17.81 1.55
Q1 2021 17.61 17.61 1.70
Q2 2021 24.32 24.32 2.92
Q3 2021 17.82 17.82 2.41
Q4 2021 15.73 15.73 2.19
Q1 2022 16.48 16.48 2.45
Q2 2022 8.97 15.38 2.26
Q3 2022 9.34 15.36 2.40
Q4 2022 8.72 12.66 2.24
Q1 2023 9.72 13.55 2.57
Q2 2023 17.68 16.62 3.70
Q3 2023 16.50 15.58 3.54
Q4 2023 22.42 22.42 5.01
Q1 2024 30.43 30.43 6.70
Q2 2024 23.91 26.21 5.92
Q3 2024 22.70 24.74 5.63

Business Segments (Million)

Compared With The
Period Pharmaceuticals Specialty chemicals Energy and steel industries Other
Q1 2015 204.31 178.44 106.61 -
Q2 2015 248.39 143.08 70.51 -
Q3 2015 186.53 134.45 60.85 -
Q4 2015 196.59 136.58 93.75 -
Q1 2016 254.25 182.79 66.27 -
Q2 2016 214.90 166.52 63.14 -
Q3 2016 204.22 119.43 65.51 -
Q4 2016 220.50 131.57 52.41 -
Q1 2017 224.63 202.84 84.97 -
Q2 2017 198.23 142.49 86.79 1.00
Q3 2017 184.52 136.02 74.55 3.28
Q4 2017 214.07 168.68 68.61 4.99
Q1 2018 225.54 183.10 62.31 5.87
Q2 2018 210.02 167.66 52.84 5.87
Q3 2018 191.43 164.03 43.31 6.58
Q4 2018 243.10 189.82 38.81 6.60
Q1 2019 238.47 173.84 49.47 8.41
Q2 2019 249.12 191.70 44.32 8.27
Q3 2019 217.10 161.65 61.32 7.09
Q4 2019 218.28 165.93 63.07 9.08
Q1 2020 263.21 204.69 33.06 8.55
Q2 2020 213.49 205.61 16.04 6.37
Q3 2020 200.76 191.48 33.01 8.58
Q4 2020 386.24 199.77 68.88 8.13
Q1 2021 257.42 269.74 59.74 7.64
Q2 2021 229.64 232.73 61.88 8.84
Q3 2021 262.72 221.80 117.50 9.97
Q4 2021 239.98 251.89 88.06 10.64
Q1 2022 288.07 279.35 59.55 7.55
Q2 2022 255.02 277.93 66.64 8.96
Q3 2022 260.87 241.06 111.13 9.00
Q4 2022 322.37 269.25 128.98 8.42
Q1 2023 361.31 294.44 84.32 8.20
Q2 2023 311.87 258.15 89.57 -
Q3 2023 298.50 233.87 110.84 -
Q4 2023 331.30 270.66 174.76 12.98
Q2 2024 345.04 265.10 208.96 -
Q3 2024 354.29 249.93 84.31 -

Analysts Estimates (Million)

Item Q3 2024 (e) Q3 2024 (a) Change‬
Average 120.84 139.41 15.37 %

Estimates vs Actual (Million)

Item Q3 2024 (e) Q3 2024 (a) Change
Al Rajhi Capital 128.00 139.41 8.9 %
Value Capital 123.10 139.41 13.3 %
GIB Capital 120.00 139.41 16.2 %
OSOOL AND BAKHEET 118.11 139.41 18.0 %
United Securities Company 115.00 139.41 21.2 %


Financial Ratios
Current
Market Cap (M Riyal) 14,080.00
Enterprise Value (EV) (M) 13,896.67
Shares Outstanding ((M)) 80.00
EPS ( Riyal) (TTM) 7.40
Book Value (BV) ( Riyal) 29.86
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 25.92
P/E (TTM) 23.78
Price/book 5.89
Return on Average Assets (%) (TTM) 13.1
Return on Average Equity (%) (TTM) 27.0
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Share Price

Astra Industrial Group
176.00
1.00 0.57 %

Astra Industrial Group (ASTRA INDUSTRIAL)

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