Herfy incurs SAR 8.3 mln loss in H1 2023, posts SAR 4.5 mln profit in Q2

06/08/2023 Argaam Exclusive

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Herfy Food Services Co. swung to a net loss of SAR 8.3 million in H1 2023 against a net profit of SAR 48 million in H1 2022, due to lower sales and increased cost of goods sold.

Financials (M)

Item	6m 2022	6m 2023	Change‬
Revenues	629.08	563.35	(10.4 %)
Gross Income	176.95	126.10	(28.7 %)
Operating Income	62.29	3.02	(95.1 %)
Net Income	48.00	(8.28)	(117.3 %)
Average Shares	64.68	64.68	-
EPS (Riyals)	0.74	(0.13)	(117.3 %)

The company also reported higher selling and marketing expenses and Zakat charges, despite better other income, as well as lower general and administrative expenses (G&A), and finance costs.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2022	Q2 2023	Change‬
Revenues	298.08	288.22	(3.3 %)
Gross Income	80.01	71.82	(10.2 %)
Operating Income	27.71	11.02	(60.2 %)
Net Income	21.28	4.54	(78.7 %)
Average Shares	64.68	64.68	-
EPS (Riyals)	0.33	0.07	(78.7 %)

Item	Q1 2023	Q2 2023	Change‬
Revenues	275.13	288.22	4.8 %
Gross Income	54.28	71.82	32.3 %
Operating Income	(8.00)	11.02	237.8 %
Net Income	(12.82)	4.54	135.4 %
Average Shares	64.68	64.68	-
EPS (Riyals)	(0.20)	0.07	135.4 %

The second-quarter net profit plunged 79% to SAR 4.5 million from SAR 21.2 million in the prior-year period on a drop in sales and higher cost of goods sold. Herfy reported an increase in G&A, as well as selling and marketing expenses along with a decline in other income.

The Kingdom’s largest fast-food chain turned profitable in Q2 from a net loss of SAR 12.8 million in Q1 2023, backed by better sales along with a decline in the cost of goods sold, as well as selling and marketing expenses.

Shareholders’ equity, no minority interest, declined to SAR 1.01 billion by the end of the six-month period, compared to SAR 1.09 billion a year earlier.

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Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2014	215.93	3.4 %	71.32	6.3 %	49.18	5.4 %
Q2 2014	226.72	1.8 %	76.35	5.4 %	53.30	5.4 %
Q3 2014	224.71	13.2 %	71.72	19.0 %	44.18	14.4 %
Q4 2014	242.78	11.1 %	72.01	(1.9 %)	46.97	(7.6 %)
2014	910.14	7.2 %	291.40	6.7 %	193.62	3.1 %
Q1 2015	265.20	22.8 %	86.87	21.8 %	55.70	13.3 %
Q2 2015	259.36	14.4 %	75.02	(1.7 %)	49.34	(7.4 %)
Q3 2015	279.47	24.4 %	85.35	19.0 %	57.05	29.1 %
Q4 2015	272.97	12.4 %	73.55	2.1 %	46.00	(2.1 %)
2015	1,077.01	18.3 %	320.80	10.1 %	208.08	7.5 %
Q1 2016	283.55	6.9 %	85.25	(1.9 %)	53.12	(4.6 %)
Q2 2016	277.73	7.1 %	76.77	2.3 %	47.92	(2.9 %)
Q3 2016	315.17	12.8 %	95.22	11.6 %	62.64	9.8 %
Q4 2016	280.23	2.7 %	90.37	22.9 %	54.80	19.1 %
2016	1,156.68	7.4 %	347.60	8.4 %	218.47	5.0 %
Q1 2017	275.01	(3.0 %)	86.86	1.9 %	53.36	0.5 %
Q2 2017	272.10	(2.0 %)	75.42	(1.8 %)	43.65	(8.9 %)
Q3 2017	311.72	(1.1 %)	90.06	(5.4 %)	56.93	(9.1 %)
Q4 2017	298.96	6.7 %	89.40	(1.1 %)	50.05	(8.7 %)
2017	1,157.79	0.1 %	341.75	(1.7 %)	203.98	(6.6 %)
Q1 2018	286.30	4.1 %	78.98	(9.1 %)	49.01	(8.2 %)
Q2 2018	286.61	5.3 %	78.73	4.4 %	46.78	7.2 %
Q3 2018	329.16	5.6 %	96.69	7.4 %	59.61	4.7 %
Q4 2018	325.20	8.8 %	90.67	1.4 %	53.49	6.9 %
2018	1,227.27	6.0 %	345.07	1.0 %	208.89	2.4 %
Q1 2019	313.40	9.5 %	93.54	18.4 %	51.40	4.9 %
Q2 2019	309.31	7.9 %	88.10	11.9 %	46.17	(1.3 %)
Q3 2019	339.08	3.0 %	110.95	14.7 %	67.61	13.4 %
Q4 2019	326.52	0.4 %	100.06	10.4 %	56.43	5.5 %
2019	1,288.31	5.0 %	392.64	13.8 %	221.59	6.1 %
Q1 2020	296.93	(5.3 %)	79.13	(15.4 %)	34.67	(32.5 %)
Q2 2020	170.10	(45.0 %)	15.70	(82.2 %)	(20.65)	(144.7 %)
Q3 2020	311.12	(8.2 %)	92.45	(16.7 %)	41.77	(38.2 %)
Q4 2020	297.94	(8.8 %)	76.48	(23.6 %)	32.79	(41.9 %)
2020	1,076.08	(16.5 %)	264.27	(32.7 %)	89.10	(59.8 %)
Q1 2021	311.12	4.8 %	82.11	3.8 %	32.31	(6.8 %)
Q2 2021	321.37	88.9 %	80.92	415.3 %	30.42	247.3 %
Q3 2021	352.22	13.2 %	116.30	25.8 %	64.41	54.2 %
Q4 2021	334.39	12.2 %	138.50	81.1 %	55.48	69.2 %
2021	1,319.09	22.6 %	417.83	58.1 %	182.62	105.0 %
Q1 2022	331.00	6.4 %	96.94	18.1 %	34.58	7.0 %
Q2 2022	298.08	(7.2 %)	80.01	(1.1 %)	27.71	(8.9 %)
Q3 2022	315.57	(10.4 %)	79.06	(32.0 %)	25.34	(60.7 %)
Q4 2022	299.19	(10.5 %)	56.01	(59.6 %)	(55.10)	(199.3 %)
2022	1,243.84	(5.7 %)	307.00	(26.5 %)	27.51	(84.9 %)
Q1 2023	275.13	(16.9 %)	54.28	(44.0 %)	(8.00)	(123.1 %)
Q2 2023	288.22	(3.3 %)	71.82	(10.2 %)	11.02	(60.2 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2013	848.70	0.8 %	273.15	2.5 %	187.80	4.0 %
2014	910.14	7.2 %	291.40	6.7 %	193.62	3.1 %
2015	1,077.01	18.3 %	320.80	10.1 %	208.08	7.5 %
2016	1,156.68	7.4 %	347.60	8.4 %	218.47	5.0 %
2017	1,157.79	0.1 %	341.75	(1.7 %)	203.98	(6.6 %)
2018	1,227.27	6.0 %	345.07	1.0 %	208.89	2.4 %
2019	1,288.31	5.0 %	392.64	13.8 %	221.59	6.1 %
2020	1,076.08	(16.5 %)	264.27	(32.7 %)	89.10	(59.8 %)
2021	1,319.09	22.6 %	417.83	58.1 %	182.62	105.0 %
2022	1,243.84	(5.7 %)	307.00	(26.5 %)	27.51	(84.9 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2014	48.01	3.3 %	0.74	-	48.01	0.74
Q2 2014	52.40	2.3 %	0.81	-	52.40	0.81
Q3 2014	56.72	33.8 %	0.88	13.00	43.72	0.68
Q4 2014	48.68	(15.4 %)	0.75	1.21	47.47	0.73
2014	205.81	7.5 %	3.18	14.21	191.59	2.96
Q1 2015	54.54	13.6 %	0.84	-	54.54	0.84
Q2 2015	46.27	(11.7 %)	0.72	-	46.27	0.72
Q3 2015	56.65	(0.1 %)	0.88	-	56.65	0.88
Q4 2015	45.22	(7.1 %)	0.70	-	45.22	0.70
2015	202.68	(1.5 %)	3.13	-	202.68	3.13
Q1 2016	53.35	(2.2 %)	0.82	-	53.35	0.82
Q2 2016	49.48	7.0 %	0.77	-	49.48	0.77
Q3 2016	59.29	4.7 %	0.92	-	59.29	0.92
Q4 2016	54.95	21.5 %	0.85	-	54.95	0.85
2016	217.08	7.1 %	3.36	-	217.08	3.36
Q1 2017	52.72	(1.2 %)	0.82	-	52.72	0.82
Q2 2017	43.40	(12.3 %)	0.67	-	43.40	0.67
Q3 2017	56.04	(5.5 %)	0.87	-	56.04	0.87
Q4 2017	47.89	(12.9 %)	0.74	-	47.89	0.74
2017	200.04	(7.8 %)	3.09	-	200.04	3.09
Q1 2018	47.75	(9.4 %)	0.74	-	47.75	0.74
Q2 2018	45.89	5.7 %	0.71	-	45.89	0.71
Q3 2018	58.11	3.7 %	0.90	-	58.11	0.90
Q4 2018	52.43	9.5 %	0.81	-	52.43	0.81
2018	204.17	2.1 %	3.16	-	204.17	3.16
Q1 2019	48.06	0.7 %	0.74	-	48.06	0.74
Q2 2019	40.86	(11.0 %)	0.63	2.23	38.63	0.60
Q3 2019	57.54	(1.0 %)	0.89	-	57.54	0.89
Q4 2019	49.64	(5.3 %)	0.77	5.72	43.92	0.68
2019	196.09	(4.0 %)	3.03	7.95	188.14	2.91
Q1 2020	25.13	(47.7 %)	0.39	(3.00)	28.13	0.43
Q2 2020	(34.24)	(183.8 %)	(0.53)	(3.99)	(30.24)	(0.47)
Q3 2020	41.38	(28.1 %)	0.64	3.01	38.37	0.59
Q4 2020	20.57	(58.6 %)	0.32	(6.22)	26.79	0.41
2020	52.84	(73.1 %)	0.82	(10.21)	63.05	0.97
Q1 2021	25.47	1.3 %	0.39	-	25.47	0.39
Q2 2021	26.67	177.9 %	0.41	-	26.67	0.41
Q3 2021	60.06	45.1 %	0.93	-	60.06	0.93
Q4 2021	39.59	92.5 %	0.61	-	39.59	0.61
2021	151.79	187.3 %	2.35	-	151.79	2.35
Q1 2022	26.72	4.9 %	0.41	-	26.72	0.41
Q2 2022	21.28	(20.2 %)	0.33	-	21.28	0.33
Q3 2022	19.86	(66.9 %)	0.31	-	19.86	0.31
Q4 2022	(59.28)	(249.7 %)	(0.92)	-	(59.28)	(0.92)
2022	3.55	(97.7 %)	0.05	-	3.55	0.05
Q1 2023	(12.82)	(148.0 %)	(0.20)	-	(12.82)	(0.20)
Q2 2023	4.54	(78.7 %)	0.07	-	4.54	0.07

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2013	191.43	5.7 %	2.96	6.22	185.20	2.86
2014	205.81	7.5 %	3.18	14.21	191.59	2.96
2015	202.68	(1.5 %)	3.13	-	202.68	3.13
2016	217.08	7.1 %	3.36	-	217.08	3.36
2017	200.04	(7.8 %)	3.09	-	200.04	3.09
2018	204.17	2.1 %	3.16	-	204.17	3.16
2019	196.09	(4.0 %)	3.03	7.95	188.14	2.91
2020	52.84	(73.1 %)	0.82	(10.21)	63.05	0.97
2021	151.79	187.3 %	2.35	-	151.79	2.35
2022	3.55	(97.7 %)	0.05	-	3.55	0.05

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	32.41 %	28.02 %	22.55 %
Q2 2014	32.72 %	28.34 %	22.58 %
Q3 2014	33.05 %	28.31 %	22.06 %
Q4 2014	32.02 %	27.42 %	21.05 %
2014	32.02 %	27.42 %	21.05 %
Q1 2015	31.99 %	27.21 %	20.65 %
Q2 2015	30.81 %	26.54 %	19.35 %
Q3 2015	30.50 %	26.96 %	19.58 %
Q4 2015	29.79 %	26.88 %	18.82 %
2015	29.79 %	26.88 %	18.82 %
Q1 2016	29.14 %	26.58 %	18.39 %
Q2 2016	28.82 %	26.53 %	18.38 %
Q3 2016	28.78 %	25.92 %	18.04 %
Q4 2016	30.05 %	25.79 %	18.77 %
2016	30.05 %	25.79 %	18.77 %
Q1 2017	30.42 %	25.60 %	18.85 %
Q2 2017	30.45 %	24.69 %	18.41 %
Q3 2017	30.09 %	24.32 %	18.18 %
Q4 2017	29.52 %	23.63 %	17.28 %
2017	29.52 %	23.63 %	17.28 %
Q1 2018	28.56 %	23.12 %	16.69 %
Q2 2018	28.49 %	23.18 %	16.69 %
Q3 2018	28.63 %	23.20 %	16.62 %
Q4 2018	28.12 %	23.44 %	16.64 %
2018	28.12 %	23.44 %	16.64 %
Q1 2019	28.67 %	23.34 %	16.30 %
Q2 2019	28.89 %	25.98 %	15.44 %
Q3 2019	29.78 %	28.24 %	15.28 %
Q4 2019	30.48 %	29.97 %	14.60 %
2019	30.48 %	29.97 %	14.60 %
Q1 2020	29.74 %	30.77 %	13.23 %
Q2 2020	27.00 %	27.43 %	8.77 %
Q3 2020	26.01 %	25.71 %	7.26 %
Q4 2020	24.51 %	24.27 %	5.86 %
2020	24.56 %	24.32 %	5.86 %
Q1 2021	24.46 %	23.58 %	5.54 %
Q2 2021	26.74 %	24.51 %	9.45 %
Q3 2021	27.74 %	25.35 %	10.84 %
Q4 2021	31.68 %	26.51 %	11.51 %
2021	31.68 %	26.51 %	11.51 %
Q1 2022	32.31 %	26.42 %	11.43 %
Q2 2022	32.82 %	26.55 %	11.22 %
Q3 2022	30.84 %	24.37 %	8.40 %
Q4 2022	25.09 %	16.21 %	0.69 %
2022	24.68 %	15.81 %	0.29 %
Q1 2023	22.67 %	13.35 %	(2.61 %)
Q2 2023	22.17 %	12.53 %	(4.05 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2013	32.18 %	28.08 %	21.82 %
2014	32.02 %	27.42 %	21.05 %
2015	29.79 %	26.88 %	18.82 %
2016	30.05 %	25.79 %	18.77 %
2017	29.52 %	23.63 %	17.28 %
2018	28.12 %	23.44 %	16.64 %
2019	30.48 %	29.97 %	14.60 %
2020	24.56 %	24.32 %	5.86 %
2021	31.68 %	26.51 %	11.51 %
2022	24.68 %	15.81 %	0.29 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	33.03 %	28.61 %	22.23 %
Q2 2014	33.68 %	29.48 %	23.11 %
Q3 2014	31.92 %	26.08 %	19.45 %
Q4 2014	29.66 %	25.67 %	19.55 %
Q1 2015	32.76 %	27.63 %	20.57 %
Q2 2015	28.92 %	26.63 %	17.84 %
Q3 2015	30.54 %	27.75 %	20.27 %
Q4 2015	26.95 %	25.50 %	16.57 %
Q1 2016	30.07 %	26.42 %	18.82 %
Q2 2016	27.64 %	26.43 %	17.82 %
Q3 2016	30.21 %	25.37 %	18.81 %
Q4 2016	32.25 %	24.98 %	19.61 %
Q1 2017	31.58 %	25.67 %	19.17 %
Q2 2017	27.72 %	22.62 %	15.95 %
Q3 2017	28.89 %	24.03 %	17.98 %
Q4 2017	29.90 %	22.24 %	16.02 %
Q1 2018	27.59 %	23.51 %	16.68 %
Q2 2018	27.47 %	22.90 %	16.01 %
Q3 2018	29.38 %	24.08 %	17.65 %
Q4 2018	27.88 %	23.19 %	16.12 %
Q1 2019	29.85 %	23.11 %	15.34 %
Q2 2019	28.48 %	33.87 %	12.49 %
Q3 2019	32.72 %	32.67 %	16.97 %
Q4 2019	30.64 %	30.05 %	13.45 %
Q1 2020	26.65 %	26.17 %	9.47 %
Q2 2020	9.23 %	14.14 %	(17.78 %)
Q3 2020	29.71 %	27.03 %	12.33 %
Q4 2020	25.67 %	25.28 %	8.99 %
Q1 2021	26.39 %	23.67 %	8.19 %
Q2 2021	25.18 %	22.15 %	8.30 %
Q3 2021	33.02 %	29.81 %	17.05 %
Q4 2021	41.42 %	29.87 %	11.84 %
Q1 2022	29.29 %	23.48 %	8.07 %
Q2 2022	26.84 %	22.37 %	7.14 %
Q3 2022	25.05 %	21.36 %	6.29 %
Q4 2022	18.72 %	(3.39 %)	(19.82 %)
Q1 2023	19.73 %	12.60 %	(4.66 %)
Q2 2023	24.92 %	19.31 %	1.57 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2014	64.68	3.08	2.98	10.03
Q2 2014	64.68	3.10	3.00	9.92
Q3 2014	64.68	3.32	3.02	9.73
Q4 2014	64.68	3.18	2.96	10.48
Q1 2015	64.68	3.28	3.06	11.32
Q2 2015	64.68	3.19	2.97	10.87
Q3 2015	64.68	3.19	3.17	10.67
Q4 2015	64.68	3.13	3.13	11.37
Q1 2016	64.68	3.12	3.12	12.04
Q2 2016	64.68	3.16	3.16	11.71
Q3 2016	64.68	3.21	3.21	11.55
Q4 2016	64.68	3.36	3.36	12.41
Q1 2017	64.68	3.35	3.35	13.23
Q2 2017	64.68	3.25	3.25	12.80
Q3 2017	64.68	3.20	3.20	12.66
Q4 2017	64.68	3.09	3.09	13.40
Q1 2018	64.68	3.02	3.02	14.14
Q2 2018	64.68	3.05	3.05	13.72
Q3 2018	64.68	3.09	3.09	13.62
Q4 2018	64.68	3.16	3.16	14.42
Q1 2019	64.68	3.16	3.16	15.27
Q2 2019	64.68	3.08	3.05	14.78
Q3 2019	64.68	3.08	3.04	14.67
Q4 2019	64.68	3.03	2.91	15.43
Q1 2020	64.68	2.68	2.60	15.82
Q2 2020	64.68	1.52	1.54	14.15
Q3 2020	64.68	1.27	1.24	14.79
Q4 2020	64.68	0.82	0.97	14.83
Q1 2021	64.68	0.82	0.93	15.23
Q2 2021	64.68	1.76	1.81	14.64
Q3 2021	64.68	2.05	2.15	15.57
Q4 2021	64.68	2.35	2.35	16.13
Q1 2022	64.68	2.37	2.37	16.55
Q2 2022	64.68	2.28	2.28	16.88
Q3 2022	64.68	1.66	1.66	17.11
Q4 2022	64.68	0.13	0.13	16.34
Q1 2023	64.68	(0.48)	(0.48)	16.14
Q2 2023	64.68	(0.74)	(0.74)	15.71

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2013	64.68	2.96	2.86	9.29
2014	64.68	3.18	2.96	10.48
2015	64.68	3.13	3.13	11.37
2016	64.68	3.36	3.36	12.41
2017	64.68	3.09	3.09	13.40
2018	64.68	3.16	3.16	14.42
2019	64.68	3.03	2.91	15.43
2020	64.68	0.82	0.97	14.83
2021	64.68	2.35	2.35	16.13
2022	64.68	0.05	0.05	16.34

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2014	22.85	23.59	7.02
Q2 2014	23.25	24.00	7.26
Q3 2014	22.07	24.25	7.53
Q4 2014	21.83	23.45	6.63
Q1 2015	24.15	25.88	7.00
Q2 2015	26.22	28.16	7.69
Q3 2015	21.07	21.20	6.29
Q4 2015	22.93	22.93	6.32
Q1 2016	14.85	14.85	3.84
Q2 2016	17.52	17.52	4.74
Q3 2016	14.23	14.23	3.95
Q4 2016	16.69	16.69	4.51
Q1 2017	17.66	17.66	4.47
Q2 2017	17.34	17.34	4.41
Q3 2017	15.61	15.61	3.95
Q4 2017	14.92	14.92	3.44
Q1 2018	15.75	15.75	3.36
Q2 2018	15.34	15.34	3.41
Q3 2018	13.51	13.51	3.06
Q4 2018	14.45	14.45	3.16
Q1 2019	17.05	17.05	3.53
Q2 2019	18.32	18.53	3.82
Q3 2019	16.98	17.17	3.56
Q4 2019	17.71	18.46	3.48
Q1 2020	15.82	16.28	2.68
Q2 2020	29.61	29.23	3.17
Q3 2020	42.48	43.40	3.64
Q4 2020	72.96	61.14	4.02
Q1 2021	79.42	69.94	4.29
Q2 2021	36.17	35.18	4.36
Q3 2021	30.79	29.41	4.06
Q4 2021	26.59	26.59	3.87
Q1 2022	23.84	23.84	3.41
Q2 2022	18.64	18.64	2.52
Q3 2022	23.36	23.36	2.27
Q4 2022	More than 100	More than 100	2.11
Q1 2023	NEG	NEG	2.03
Q2 2023	NEG	NEG	2.37

Period	P/E	Adjusted P/E	Price/book
2013	19.13	19.77	6.09
2014	21.83	23.45	6.63
2015	22.93	22.93	6.32
2016	16.69	16.69	4.51
2017	14.92	14.92	3.44
2018	14.45	14.45	3.16
2019	17.71	18.46	3.48
2020	72.96	61.14	4.02
2021	26.59	26.59	3.87
2022	More than 100	More than 100	2.11

Business Segments (Million)

Compared With The

Period	Restaurants	Meat Factory	Bakeries	Shaboura factory
Q1 2014	182.75	7.74	25.44	-
Q2 2014	191.16	7.68	27.88	-
Q3 2014	196.58	6.76	21.37	-
Q4 2014	204.62	7.63	30.54	-
Q1 2015	226.66	6.83	31.71	-
Q2 2015	221.24	7.83	30.29	-
Q3 2015	246.39	6.06	27.01	-
Q4 2015	227.95	7.80	37.23	-
Q1 2016	241.18	6.67	35.70	-
Q2 2016	239.31	6.29	32.13	-
Q3 2016	279.93	6.12	29.12	-
Q4 2016	234.31	7.48	38.43	-
Q1 2017	232.91	7.83	34.28	-
Q2 2017	235.78	6.35	29.97	-
Q3 2017	273.07	6.90	31.75	-
Q4 2017	252.38	7.63	38.95	-
Q1 2018	243.28	7.40	35.62	-
Q2 2018	249.13	7.22	30.27	-
Q3 2018	284.92	8.35	35.90	-
Q4 2018	272.24	12.55	40.41	-
Q1 2019	263.74	11.95	37.71	-
Q2 2019	269.62	9.23	30.45	-
Q3 2019	288.72	10.87	39.50	-
Q4 2019	270.01	11.76	44.79	-
Q1 2020	233.95	17.55	45.43	-
Q2 2020	105.72	27.31	37.07	-
Q3 2020	252.85	16.09	42.18	-
Q4 2020	238.88	14.41	44.64	-
Q1 2021	252.14	14.26	44.71	-
Q2 2021	270.19	11.26	39.92	-
Q3 2021	293.05	15.54	43.63	-
Q4 2021	272.38	17.39	44.62	-
Q1 2022	263.41	20.34	47.25	-
Q2 2022	237.34	17.83	42.91	-
Q3 2022	251.21	19.14	45.22	-
Q4 2022	232.01	20.60	46.58	-
Q1 2023	210.91	19.93	44.29	-
Q2 2023	222.43	21.03	44.76	-

Period	Restaurants	Meat Factory	Bakeries	Shaboura factory
2013	724.12	28.58	95.99	-
2014	775.11	29.81	105.22	-
2015	922.24	28.52	126.24	-
2016	994.73	26.57	135.39	-
2017	994.13	28.70	134.96	-
2018	1,049.57	35.52	142.19	-
2019	1,092.09	43.82	152.44	-
2020	831.41	75.36	169.32	-
2021	1,087.76	58.46	172.88	-
2022	983.97	77.91	181.96	-

Analysts Estimates (Million)

Item	Q2 2023 (e)	Q2 2023 (a)	Change‬
Average	9.47	4.54	(52.1 %)

Estimates vs Actual (Million)

Item	Q2 2023 (e)	Q2 2023 (a)	Change
HSBC	8.00	4.54	(43.3) %
Goldman Sachs	8.41	4.54	(46.1) %
Hermes	12.00	4.54	(62.2) %

Financial Ratios

	Current
Market Cap (M Riyal)	1,512.22
Enterprise Value (EV) (M)	1,484.84
Shares Outstanding ((M))	64.68
EPS ( Riyal) (TTM)	(0.79)
Book Value (BV) ( Riyal)	15.10
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	NEG
Price/book	1.55
Return on Average Assets (%) (TTM)	(2.72 )
Return on Average Equity (%) (TTM)	(5.09 )

Herfy Food Services Co. (HERFY FOODS)

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Herfy incurs SAR 8.3 mln loss in H1 2023, posts SAR 4.5 mln profit in Q2

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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) 2023 Q2

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Herfy Food Services Co. (HERFY FOODS)

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Herfy incurs SAR 8.3 mln loss in H1 2023, posts SAR 4.5 mln profit in Q2

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) Q2 2023

Revenue by Business Segment (Latest) 2023 Q2

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Herfy Food Services Co. (HERFY FOODS)

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Business Segments (Million)