AlNaqool profit dives 91% to SAR 813,000 in 2022

27/03/2023 Argaam Exclusive

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Mohammed Hasan AlNaqool Sons Co. reported a 91% tumble in 2022 net profit to SAR 813,000, compared to SAR 9.2 million in 2021.

Financials (M)

Item	2021	2022	Change‬
Revenues	53.32	43.23	(18.9 %)
Gross Income	11.01	5.37	(51.2 %)
Operating Income	8.16	0.79	(90.3 %)
Net Income	9.20	0.20	(97.8 %)
Average Shares	2.90	2.90	-
EPS (Riyals)	3.17	0.07	(97.8 %)

The company was hit by an 18.9% drop year-on-year (YoY) in the full-year revenue and higher cost of goods sold. General and administrative expenses increased 15.3% YoY. Operating expenses and finance cost also rose 28% and 64% YoY, respectively.

Current Half Annual Comparison (M)

Compared With The

Item	H2 2021	H2 2022	Change‬
Revenues	30.08	20.12	(33.1 %)
Gross Income	4.97	0.96	(80.7 %)
Operating Income	4.00	(1.56)	(139.1 %)
Net Income	5.16	(0.09)	(101.7 %)
Average Shares	2.90	2.90	-
EPS (Riyals)	1.78	(0.03)	(101.7 %)

Item	H1 2022	H2 2022	Change‬
Revenues	23.11	20.12	(13.0 %)
Gross Income	4.41	0.96	(78.2 %)
Operating Income	2.36	(1.56)	(166.3 %)
Net Income	0.29	(0.09)	(130.5 %)
Average Shares	2.90	2.90	-
EPS (Riyals)	0.10	(0.03)	(130.5 %)

Shareholders’ equity, no minority interest, rose to SAR 51.25 million as of Dec. 31, 2022, from SAR 50.22 million a year earlier.

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Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
H1 2013	-	-	-	-	-	-
H2 2013	-	-	-	-	-	-
2013	-	-	-	-	-	-
H1 2014	-	-	-	-	-	-
H2 2014	-	-	-	-	-	-
2014	-	-	-	-	-	-
H1 2015	-	-	-	-	-	-
H2 2015	-	-	-	-	-	-
2015	-	-	-	-	-	-
H1 2016	-	-	-	-	-	-
H2 2016	-	-	-	-	-	-
2016	-	-	-	-	-	-
H1 2017	-	-	-	-	-	-
H2 2017	-	-	-	-	-	-
2017	-	-	-	-	-	-
H1 2018	-	-	-	-	-	-
H2 2018	-	-	-	-	-	-
2018	29.19	-	5.39	-	4.31	-
H1 2019	16.75	-	3.04	-	2.10	-
H2 2019	17.60	-	5.55	-	4.22	-
2019	34.35	17.7 %	8.59	59.4 %	6.32	46.6 %
H1 2020	18.80	12.3 %	2.82	(7.2 %)	1.57	(25.4 %)
H2 2020	26.03	47.9 %	7.39	33.0 %	5.02	18.8 %
2020	44.84	30.5 %	10.21	18.8 %	6.58	4.1 %
H1 2021	23.25	23.6 %	6.04	114.2 %	4.16	165.0 %
H2 2021	30.08	15.5 %	4.97	(32.7 %)	4.00	(20.2 %)
2021	53.32	18.9 %	11.01	7.9 %	8.16	23.9 %
H1 2022	23.11	(0.6 %)	4.41	(27.0 %)	2.36	(43.3 %)
H2 2022	20.12	(33.1 %)	0.96	(80.7 %)	(1.56)	(139.1 %)
2022	43.23	(18.9 %)	5.37	(51.2 %)	0.79	(90.3 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2013	-	-	-	-	-	-
2014	-	-	-	-	-	-
2015	-	-	-	-	-	-
2016	-	-	-	-	-	-
2017	-	-	-	-	-	-
2018	29.19	-	5.39	-	4.31	-
2019	34.35	17.7 %	8.59	59.4 %	6.32	46.6 %
2020	44.84	30.5 %	10.21	18.8 %	6.58	4.1 %
2021	53.32	18.9 %	11.01	7.9 %	8.16	23.9 %
2022	43.23	(18.9 %)	5.37	(51.2 %)	0.79	(90.3 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
H1 2013	-	-	-	-	-	-
H2 2013	-	-	-	-	-	-
2013	-	-	-	-	-	-
H1 2014	-	-	-	-	-	-
H2 2014	-	-	-	-	-	-
2014	-	-	-	-	-	-
H1 2015	-	-	-	-	-	-
H2 2015	-	-	-	-	-	-
2015	-	-	-	-	-	-
H1 2016	-	-	-	-	-	-
H2 2016	-	-	-	-	-	-
2016	-	-	-	-	-	-
H1 2017	-	-	-	-	-	-
H2 2017	-	-	-	-	-	-
2017	-	-	-	-	-	-
H1 2018	-	-	-	-	-	-
H2 2018	-	-	-	-	-	-
2018	2.46	-	0.85	-	2.46	0.85
H1 2019	2.40	-	0.83	-	2.40	0.83
H2 2019	3.85	-	1.33	-	3.85	1.33
2019	6.25	154.6 %	2.16	-	6.25	2.16
H1 2020	1.52	(36.8 %)	0.52	-	1.52	0.52
H2 2020	4.96	28.8 %	1.71	-	4.96	1.71
2020	6.48	3.6 %	2.23	-	6.48	2.23
H1 2021	4.04	166.2 %	1.39	-	4.04	1.39
H2 2021	5.16	4.1 %	1.78	-	5.16	1.78
2021	9.20	42.1 %	3.17	-	9.20	3.17
H1 2022	0.29	(92.8 %)	0.10	-	0.29	0.10
H2 2022	(0.09)	(101.7 %)	(0.03)	1.41	(1.50)	(0.52)
2022	0.20	(97.8 %)	0.07	1.41	(1.21)	(0.42)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2013	-	-	-	-	-	-
2014	-	-	-	-	-	-
2015	-	-	-	-	-	-
2016	-	-	-	-	-	-
2017	-	-	-	-	-	-
2018	2.46	-	0.85	-	2.46	0.85
2019	6.25	154.6 %	2.16	-	6.25	2.16
2020	6.48	3.6 %	2.23	-	6.48	2.23
2021	9.20	42.1 %	3.17	-	9.20	3.17
2022	0.20	(97.8 %)	0.07	1.41	(1.21)	(0.42)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
H1 2013	-	-	-
H2 2013	-	-	-
2013	-	-	-
H1 2014	-	-	-
H2 2014	-	-	-
2014	-	-	-
H1 2015	-	-	-
H2 2015	-	-	-
2015	-	-	-
H1 2016	-	-	-
H2 2016	-	-	-
2016	-	-	-
H1 2017	-	-	-
H2 2017	-	-	-
2017	-	-	-
H1 2018	-	-	-
H2 2018	-	-	-
2018	18.46 %	26.85 %	8.42 %
H1 2019	-	-	-
H2 2019	25.02 %	28.92 %	18.21 %
2019	25.02 %	28.92 %	18.21 %
H1 2020	23.01 %	25.40 %	14.75 %
H2 2020	22.77 %	22.96 %	14.45 %
2020	22.77 %	22.96 %	14.45 %
H1 2021	27.25 %	27.07 %	18.27 %
H2 2021	20.65 %	22.61 %	17.26 %
2021	20.65 %	22.61 %	17.26 %
H1 2022	17.63 %	19.29 %	10.25 %
H2 2022	12.42 %	10.79 %	(2.80 %)
2022	12.42 %	10.79 %	(2.80 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	18.46 %	26.85 %	8.42 %
2019	25.02 %	28.92 %	18.21 %
2020	22.77 %	22.96 %	14.45 %
2021	20.65 %	22.61 %	17.26 %
2022	12.42 %	10.79 %	(2.80 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
H1 2013	-	-	-
H2 2013	-	-	-
H1 2014	-	-	-
H2 2014	-	-	-
H1 2015	-	-	-
H2 2015	-	-	-
H1 2016	-	-	-
H2 2016	-	-	-
H1 2017	-	-	-
H2 2017	-	-	-
H1 2018	-	-	-
H2 2018	-	-	-
H1 2019	18.15 %	22.63 %	14.35 %
H2 2019	31.55 %	34.90 %	21.88 %
H1 2020	15.00 %	16.50 %	8.08 %
H2 2020	28.38 %	27.62 %	19.05 %
H1 2021	25.99 %	26.45 %	17.39 %
H2 2021	16.53 %	19.65 %	17.16 %
H1 2022	19.08 %	18.82 %	1.26 %
H2 2022	4.78 %	1.56 %	(7.47 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
H1 2013	-	-	-	-
H2 2013	-	-	-	-
H1 2014	-	-	-	-
H2 2014	-	-	-	-
H1 2015	-	-	-	-
H2 2015	-	-	-	-
H1 2016	-	-	-	-
H2 2016	-	-	-	-
H1 2017	-	-	-	-
H2 2017	-	-	-	-
H1 2018	-	-	-	-
H2 2018	-	-	-	-
H1 2019	2.90	-	-	-
H2 2019	2.90	2.16	2.16	11.88
H1 2020	2.90	1.85	1.85	12.40
H2 2020	2.90	2.23	2.23	14.15
H1 2021	2.90	3.10	3.10	15.54
H2 2021	2.90	3.17	3.17	17.32
H1 2022	2.90	1.88	1.88	17.43
H2 2022	2.90	0.07	(0.42)	17.43

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2013	-	-	-	-
2014	-	-	-	-
2015	-	-	-	-
2016	-	-	-	-
2017	-	-	-	-
2018	2.90	0.85	0.85	10.89
2019	2.90	2.16	2.16	11.88
2020	2.90	2.23	2.23	14.15
2021	2.90	3.17	3.17	17.32
2022	2.90	0.07	(0.42)	17.43

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
H1 2013	-	-	-
H2 2013	-	-	-
H1 2014	-	-	-
H2 2014	-	-	-
H1 2015	-	-	-
H2 2015	-	-	-
H1 2016	-	-	-
H2 2016	-	-	-
H1 2017	-	-	-
H2 2017	-	-	-
H1 2018	-	-	-
H2 2018	-	-	-
H1 2019	-	-	-
H2 2019	-	-	-
H1 2020	-	-	-
H2 2020	-	-	-
H1 2021	36.27	36.27	7.25
H2 2021	55.64	55.64	10.20
H1 2022	49.24	49.24	5.31
H2 2022	More than 100	NEG	3.67

Period	P/E	Adjusted P/E	Price/book
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	-	-	-
2019	-	-	-
2020	-	-	-
2021	55.64	55.64	10.20
2022	More than 100	NEG	3.67

Business Segments (Million)

Compared With The

Period	Concrete and cement block segment	Others

Period	Concrete and cement block segment	Others
2022	42.35	0.88

Financial Ratios

	Current
Market Cap (M Riyal)	132.53
Enterprise Value (EV) (M)	150.16
Shares Outstanding ((M))	2.90
Book Value (BV) ( Riyal)	17.30
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	Neg
Price/book	2.64

Mohammed Hasan AlNaqool Sons Co. (ALNAQOOL)

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AlNaqool profit dives 91% to SAR 813,000 in 2022

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Financials (M)

Current Half Annual 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) 2022 Q4

Financial Ratios

Share Price

Mohammed Hasan AlNaqool Sons Co. (ALNAQOOL)

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AlNaqool profit dives 91% to SAR 813,000 in 2022

View other reports

Financials (M)

Current Half Annual 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) 2022

Revenue by Business Segment (Latest) 2022 Q4

Financial Ratios

Share Price

Mohammed Hasan AlNaqool Sons Co. (ALNAQOOL)

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Business Segments (Million)