Burgerizzr H1 2023 profit rises 10% to SAR 3.3 mln

06/08/2023 Argaam Exclusive

View other reports

Shatirah House Restaurant Co. (Burgerizzr) reported a net profit of SAR 3.3 million in H1 2023, an increase of 10% from SAR 3 million in the year-earlier period.

Financials (M)

Item	6m 2022	6m 2023	Change‬
Revenues	120.84	131.98	9.2 %
Gross Income	34.34	36.62	6.6 %
Operating Income	4.66	5.54	19.1 %
Net Income	2.98	3.26	9.6 %
Average Shares	35.00	35.00	-
EPS (Riyals)	0.09	0.09	9.6 %

Revenues rose 9.2% year-on-year (YoY) on an increase in same-store sales and guest count.

On the other hand, the number of branches went up to 103 at the end of the current period, compared to 101 a year earlier. Seven new branches were added, while five others had been closed since the end of the same period last year.

Gross profit was up 6.6% on higher average sales per branch. However, gross profit margin fell from 28.42% to 27.75% in H1 2023.

Depreciation, rent, utilities, and maintenance expenses rose in line with the increase in the number of branches.

Selling expenses leapt by 15.48% due to the increased contribution of online channels. Meanwhile, administrative expenses declined by 9.9%.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2022	Q2 2023	Change‬

Item	Q1 2023	Q2 2023	Change‬
Revenues	61.41	70.57	14.9 %
Gross Income	14.36	22.26	55.1 %
Operating Income	(1.07)	6.61	718.5 %
Net Income	(1.44)	4.70	427.3 %
Average Shares	35.00	35.00	-
EPS (Riyals)	(0.04)	0.13	427.3 %

Total shareholders' equity, with no minority interest, reached SAR 60.27 billion at the end of the current period, up from SAR 58 billion a year earlier.

View More Financial Results

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
Q1 2014	-	-	-	-	-	-	-
Q2 2014	-	-	-	-	-	-	-
Q3 2014	-	-	-	-	-	-	-
Q4 2014	-	-	-	-	-	-	-
2014	-	-	-	-	-	-	-
Q1 2015	-	-	-	-	-	-	-
Q2 2015	-	-	-	-	-	-	-
Q3 2015	-	-	-	-	-	-	-
Q4 2015	-	-	-	-	-	-	-
2015	-	-	-	-	-	-	-
Q1 2016	-	-	-	-	-	-	-
Q2 2016	-	-	-	-	-	-	-
Q3 2016	-	-	-	-	-	-	-
Q4 2016	-	-	-	-	-	-	-
2016	-	-	-	-	-	-	-
Q1 2017	-	-	-	-	-	-	-
Q2 2017	-	-	-	-	-	-	-
Q3 2017	-	-	-	-	-	-	-
Q4 2017	-	-	-	-	-	-	-
2017	87.12	-	25.96	-	13.29	-	0.38
Q1 2018	-	-	-	-	-	-	-
Q2 2018	-	-	-	-	-	-	-
Q3 2018	-	-	-	-	-	-	-
Q4 2018	-	-	-	-	-	-	-
2018	127.22	46.0 %	33.06	27.3 %	14.96	12.5 %	0.43
Q1 2019	-	-	-	-	-	-	-
Q2 2019	-	-	-	-	-	-	-
Q3 2019	-	-	-	-	-	-	-
Q4 2019	-	-	-	-	-	-	-
2019	164.50	29.3 %	42.68	29.1 %	16.21	8.4 %	0.46
Q1 2020	-	-	-	-	-	-	-
Q2 2020	-	-	-	-	-	-	-
Q3 2020	-	-	-	-	-	-	-
Q4 2020	-	-	-	-	-	-	-
2020	195.83	19.0 %	51.06	19.6 %	19.00	17.2 %	0.54
Q1 2021	-	-	-	-	-	-	-
Q2 2021	-	-	-	-	-	-	-
Q3 2021	-	-	-	-	-	-	-
Q4 2021	-	-	-	-	-	-	-
2021	234.78	19.9 %	70.08	37.3 %	15.37	(19.1 %)	0.44
Q1 2022	-	-	-	-	-	-	-
Q2 2022	-	-	-	-	-	-	-
Q3 2022	67.97	-	18.96	-	0.91	-	0.03
Q4 2022	61.63	-	15.00	-	(1.19)	-	(0.03)
2022	250.44	6.7 %	68.31	(2.5 %)	2.70	(82.4 %)	0.08
Q1 2023	61.41	-	14.36	-	(1.44)	-	(0.04)
Q2 2023	70.57	-	22.26	-	4.70	-	0.13

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2013	-	-	-	-	-	-	-
2014	-	-	-	-	-	-	-
2015	-	-	-	-	-	-	-
2016	-	-	-	-	-	-	-
2017	87.12	-	25.96	-	13.29	-	0.38
2018	127.22	46.0 %	33.06	27.3 %	14.96	12.5 %	0.43
2019	164.50	29.3 %	42.68	29.1 %	16.21	8.4 %	0.46
2020	195.83	19.0 %	51.06	19.6 %	19.00	17.2 %	0.54
2021	234.78	19.9 %	70.08	37.3 %	15.37	(19.1 %)	0.44
2022	250.44	6.7 %	68.31	(2.5 %)	2.70	(82.4 %)	0.08

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	-	-	-
Q2 2014	-	-	-
Q3 2014	-	-	-
Q4 2014	-	-	-
2014	-	-	-
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
2015	-	-	-
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
2016	-	-	-
Q1 2017	-	-	-
Q2 2017	-	-	-
Q3 2017	-	-	-
Q4 2017	-	-	-
2017	29.80 %	18.96 %	15.26 %
Q1 2018	-	-	-
Q2 2018	-	-	-
Q3 2018	-	-	-
Q4 2018	-	-	-
2018	25.98 %	15.19 %	11.76 %
Q1 2019	-	-	-
Q2 2019	-	-	-
Q3 2019	-	-	-
Q4 2019	-	-	-
2019	25.94 %	20.07 %	9.85 %
Q1 2020	-	-	-
Q2 2020	-	-	-
Q3 2020	-	-	-
Q4 2020	-	-	-
2020	26.07 %	21.19 %	9.70 %
Q1 2021	-	-	-
Q2 2021	-	-	-
Q3 2021	-	-	-
Q4 2021	-	-	-
2021	29.85 %	16.67 %	6.55 %
Q1 2022	-	-	-
Q2 2022	-	-	-
Q3 2022	27.90 %	11.07 %	1.34 %
Q4 2022	26.21 %	10.63 %	(0.22 %)
2022	27.28 %	12.19 %	1.08 %
Q1 2023	25.30 %	9.89 %	(0.90 %)
Q2 2023	26.99 %	14.44 %	1.14 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	29.80 %	18.96 %	15.26 %
2018	25.98 %	15.19 %	11.76 %
2019	25.94 %	20.07 %	9.85 %
2020	26.07 %	21.19 %	9.70 %
2021	29.85 %	16.67 %	6.55 %
2022	27.28 %	12.19 %	1.08 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	-	-	-
Q2 2014	-	-	-
Q3 2014	-	-	-
Q4 2014	-	-	-
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
Q1 2017	-	-	-
Q2 2017	-	-	-
Q3 2017	-	-	-
Q4 2017	-	-	-
Q1 2018	-	-	-
Q2 2018	-	-	-
Q3 2018	-	-	-
Q4 2018	-	-	-
Q1 2019	-	-	-
Q2 2019	-	-	-
Q3 2019	-	-	-
Q4 2019	-	-	-
Q1 2020	-	-	-
Q2 2020	-	-	-
Q3 2020	-	-	-
Q4 2020	-	-	-
Q1 2021	-	-	-
Q2 2021	-	-	-
Q3 2021	-	-	-
Q4 2021	-	-	-
Q1 2022	-	-	-
Q2 2022	-	-	-
Q3 2022	27.90 %	11.07 %	1.34 %
Q4 2022	24.35 %	10.15 %	(1.93 %)
Q1 2023	23.38 %	8.31 %	(2.34 %)
Q2 2023	31.55 %	26.76 %	6.66 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2014	-	-	-	-
Q2 2014	-	-	-	-
Q3 2014	-	-	-	-
Q4 2014	-	-	-	-
Q1 2015	-	-	-	-
Q2 2015	-	-	-	-
Q3 2015	-	-	-	-
Q4 2015	-	-	-	-
Q1 2016	-	-	-	-
Q2 2016	-	-	-	-
Q3 2016	-	-	-	-
Q4 2016	-	-	-	-
Q1 2017	-	-	-	-
Q2 2017	-	-	-	-
Q3 2017	-	-	-	-
Q4 2017	-	-	-	-
Q1 2018	-	-	-	-
Q2 2018	-	-	-	-
Q3 2018	-	-	-	-
Q4 2018	-	-	-	-
Q1 2019	-	-	-	-
Q2 2019	-	-	-	-
Q3 2019	-	-	-	-
Q4 2019	-	-	-	-
Q1 2020	-	-	-	-
Q2 2020	-	-	-	-
Q3 2020	-	-	-	-
Q4 2020	-	-	-	-
Q1 2021	-	-	-	-
Q2 2021	-	-	-	-
Q3 2021	-	-	-	-
Q4 2021	-	-	-	-
Q1 2022	-	-	-	-
Q2 2022	-	-	-	-
Q3 2022	35.00	0.03	0.03	1.68
Q4 2022	35.00	(0.01)	(0.01)	1.63
Q1 2023	35.00	(0.05)	(0.05)	1.59
Q2 2023	35.00	0.09	0.09	1.72

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2013	-	-	-	-
2014	-	-	-	-
2015	-	-	-	-
2016	-	-	-	-
2017	35.00	0.38	0.38	0.86
2018	35.00	0.43	0.43	1.09
2019	35.00	0.46	0.46	1.11
2020	35.00	0.54	0.54	1.36
2021	35.00	0.44	0.44	1.56
2022	35.00	0.08	0.08	1.63

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2014	-	-	-
Q2 2014	-	-	-
Q3 2014	-	-	-
Q4 2014	-	-	-
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
Q1 2017	-	-	-
Q2 2017	-	-	-
Q3 2017	-	-	-
Q4 2017	-	-	-
Q1 2018	-	-	-
Q2 2018	-	-	-
Q3 2018	-	-	-
Q4 2018	-	-	-
Q1 2019	-	-	-
Q2 2019	-	-	-
Q3 2019	-	-	-
Q4 2019	-	-	-
Q1 2020	-	-	-
Q2 2020	-	-	-
Q3 2020	-	-	-
Q4 2020	-	-	-
Q1 2021	-	-	-
Q2 2021	-	-	-
Q3 2021	-	-	-
Q4 2021	-	-	-
Q1 2022	-	-	-
Q2 2022	-	-	-
Q3 2022	More than 100	More than 100	5.94
Q4 2022	NEG	NEG	4.98
Q1 2023	NEG	NEG	4.16
Q2 2023	More than 100	More than 100	5.23

Period	P/E	Adjusted P/E	Price/book
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	-	-	-
2019	-	-	-
2020	-	-	-
2021	47.69	47.69	13.39
2022	More than 100	More than 100	4.98

Financial Ratios

	Current
Market Cap (M Riyal)	444.50
Enterprise Value (EV) (M)	445.41
Shares Outstanding ((M))	35.00
Book Value (BV) ( Riyal)	1.97
Par Value ( Riyal)	1.00
Adjusted P/E (Last12)	36.18
Price/book	6.45

Shatirah House Restaurant Co. (BURGERIZZR)

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

Sorry: the validity period has ended to comment on this news

Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Burgerizzr H1 2023 profit rises 10% to SAR 3.3 mln

View other reports

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Financial Ratios

Share Price

Shatirah House Restaurant Co. (BURGERIZZR)

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}