Alkhorayef Water 9M 2023 profit up 38% to SAR 110.3 mln; Q3 at SAR 42 mln

Alkhorayef Water 9M 2023 profit up 38% to SAR 110.3 mln; Q3 at SAR 42 mln

06/11/2023 Argaam Exclusive

View other reports

Alkhorayef Water and Power Technologies Co. (AWPT) reported a net profit of SAR 110.3 million for the first nine months of 2023, a 38% hike from SAR 79.8 million in the year-earlier period.



Financials (M)

Item 9m 2022 9m 2023 Change‬
Revenues 551.46 1,206.87 118.9 %
Gross Income 133.62 189.94 42.1 %
Operating Income 97.57 150.20 53.9 %
Net Income 79.76 110.33 38.3 %
Average Shares 35.00 35.00 -
EPS (Riyals) 2.28 3.15 38.3 %

This profit rise was driven by revenues that soared by 118.9% year-on-year (YoY) to SAR 1.20 billion in the nine-month period. Operating profit also leapt 53.6% YoY to SAR 150.4 million.



Current Quarter Comparison (M)

Compared With The
Item Q3 2022 Q3 2023 Change‬
Revenues 193.50 468.77 142.3 %
Gross Income 44.34 71.35 60.9 %
Operating Income 32.94 55.08 67.2 %
Net Income 28.13 42.02 49.4 %
Average Shares 35.00 35.00 -
EPS (Riyals) 0.80 1.20 49.4 %

Q3 net profit jumped 49% YoY to SAR 42 million, from SAR 28.13 million in the prior-year period, on a YoY surge of 142.25% in revenue to SAR 468.8 million.

 

On a sequential basis, net profit grew 18.1% from SAR 35.59 million in Q2 2023.

 

Total shareholders’ equity, no minority rights, reached SAR 507.91 million as of Sept. 30, 2023, compared to SAR 398.76 million in the prior-year period.

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 - - - - - - -
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 87.02 - 26.29 - 21.22 - 0.61
Q2 2019 97.79 - 29.06 - 22.04 - 0.63
Q3 2019 112.65 - 30.58 - 22.93 - 0.66
Q4 2019 125.77 - 33.43 - 25.54 - 0.73
Q1 2020 132.74 52.5 % 39.58 50.6 % 31.49 48.4 % 0.90
Q2 2020 118.03 20.7 % 34.04 17.1 % 26.17 18.8 % 0.75
Q3 2020 129.50 15.0 % 32.82 7.3 % 24.70 7.7 % 0.71
Q4 2020 140.57 11.8 % 37.84 13.2 % 31.59 23.7 % 0.90
Q1 2021 133.02 0.2 % 38.16 (3.6 %) 26.94 (14.5 %) 0.77
Q2 2021 134.89 14.3 % 38.49 13.1 % 21.71 (17.1 %) 0.62
Q3 2021 137.93 6.5 % 35.33 7.7 % 22.34 (9.5 %) 0.64
Q4 2021 163.20 16.1 % 39.48 4.4 % 32.34 2.4 % 0.92
Q1 2022 173.53 30.5 % 43.56 14.2 % 25.31 (6.1 %) 0.72
Q2 2022 184.43 36.7 % 45.72 18.8 % 26.33 21.3 % 0.75
Q3 2022 193.50 40.3 % 44.34 25.5 % 28.13 25.9 % 0.80
Q4 2022 270.58 65.8 % 53.49 35.5 % 27.68 (14.4 %) 0.79
Q1 2023 321.61 85.3 % 56.77 30.3 % 32.73 29.3 % 0.94
Q2 2023 416.49 125.8 % 61.82 35.2 % 35.59 35.2 % 1.02
Q3 2023 468.77 142.3 % 71.35 60.9 % 42.02 49.4 % 1.20

Profitability

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 28.20 % 25.74 % 20.64 %
Q1 2020 28.29 % 25.99 % 21.32 %
Q2 2020 28.14 % 25.82 % 21.29 %
Q3 2020 27.64 % 25.35 % 20.93 %
Q4 2020 27.70 % 25.89 % 21.88 %
Q1 2021 27.41 % 25.69 % 20.99 %
Q2 2021 27.38 % 24.46 % 19.51 %
Q3 2021 27.42 % 24.19 % 18.77 %
Q4 2021 26.62 % 23.76 % 18.16 %
Q1 2022 25.73 % 22.62 % 16.68 %
Q2 2022 24.90 % 23.06 % 16.13 %
Q3 2022 24.22 % 22.88 % 15.69 %
Q4 2022 22.76 % 20.69 % 13.07 %
Q1 2023 20.65 % 19.47 % 11.84 %
Q2 2023 18.00 % 17.19 % 10.32 %
Q3 2023 16.48 % 15.49 % 9.34 %


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 35.00 - - -
Q2 2019 35.00 - - -
Q3 2019 35.00 - - -
Q4 2019 35.00 2.62 2.50 6.15
Q1 2020 35.00 2.91 2.86 8.03
Q2 2020 35.00 3.03 2.98 7.34
Q3 2020 35.00 3.08 3.03 7.48
Q4 2020 35.00 3.26 3.26 8.40
Q1 2021 35.00 3.13 3.13 9.17
Q2 2021 35.00 3.00 3.00 8.72
Q3 2021 35.00 2.93 2.93 9.36
Q4 2021 35.00 2.95 2.95 10.19
Q1 2022 35.00 2.91 2.91 9.84
Q2 2022 35.00 3.04 3.04 10.59
Q3 2022 35.00 3.20 3.20 11.39
Q4 2022 35.00 3.07 3.07 11.36
Q1 2023 35.00 3.28 3.28 12.29
Q2 2023 35.00 3.55 3.55 13.31
Q3 2023 35.00 3.94 3.94 14.51

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 23.53 23.53 8.02
Q2 2021 28.39 28.39 9.76
Q3 2021 30.36 30.36 9.51
Q4 2021 24.77 24.77 7.18
Q1 2022 23.69 23.69 7.00
Q2 2022 26.80 26.80 7.69
Q3 2022 28.76 28.76 8.08
Q4 2022 32.42 32.42 8.76
Q1 2023 29.02 29.02 7.75
Q2 2023 32.01 32.01 8.53
Q3 2023 25.75 25.75 7.00

Business Segments (Million)

Compared With The
Period Water Sewage Water Integrated Water solutions
Q1 2021 69.45 44.65 18.92
Q2 2021 72.58 42.64 19.67
Q3 2021 70.91 39.32 27.70
Q4 2021 61.35 50.15 51.70
Q1 2022 66.94 46.39 60.20
Q2 2022 79.20 39.69 65.54
Q3 2022 81.59 44.83 67.08
Q4 2022 126.03 61.95 82.59
Q1 2023 179.24 65.46 76.91
Q2 2023 276.59 65.80 74.10
Q3 2023 319.63 68.15 80.99

Analysts Estimates (Million)

Item Q3 2023 (e) Q3 2023 (a) Change‬
Average 39.15 42.02 7.32 %

Estimates vs Actual (Million)

Item Q3 2023 (e) Q3 2023 (a) Change
AlJazira Capital 40.30 42.02 4.3 %
Al Rajhi Capital 38.00 42.02 10.6 %


Financial Ratios
Current
Market Cap (M Riyal) 6,321.00
Enterprise Value (EV) (M) 6,757.05
Shares Outstanding ((M)) 35.00
EPS ( Riyal) (TTM) 4.30
Book Value (BV) ( Riyal) 16.59
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 38.93
P/E (TTM) 42.04
Price/book 10.89
Return on Average Assets (%) (TTM) 9.3
Return on Average Equity (%) (TTM) 29.7
more

Share Price

Alkhorayef Water and Power Technologies Co.
180.60
1.60 0.89 %

Alkhorayef Water and Power Technologies Co. (AWPT)

More

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

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

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
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.