Alkhorayef Water’s Q1 2024 net profit jumps 32% to SAR 43.1M

Alkhorayef Water’s Q1 2024 net profit jumps 32% to SAR 43.1M

16/05/2024 Argaam Exclusive

View other reports

Alkhorayef Water and Power Technologies Co. (AWPT) posted a net profit of SAR 43.1 million for the first quarter of 2024, a 32% uptick from SAR 32.7 million in the year-ago period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2023 Q1 2024 Change‬
Revenues 321.61 458.16 42.5 %
Gross Income 56.77 78.83 38.9 %
Operating Income 45.66 59.07 29.4 %
Net Income 32.73 43.06 31.6 %
Average Shares 35.00 35.00 -
EPS (Riyals) 0.94 1.23 31.6 %

The year-on-year (YoY) profit increase was spurred by an 83.5% rise in revenue from the water segment due to the earnings from the new projects.

 

Operating profit increased 29.9% YoY during the current quarter to SAR 60.8 million, driven by the new projects that the company has been awarded, despite the hike in diesel prices and taking provisions in the amount of SAR 3.7 million related to penalties and expected credit loss.

 

When compared to the previous quarter, net profit grew 45% from SAR 29.69 million.

 

Total shareholders’ equity, no minority interest, edged higher to SAR 580.65 million as of March 31, 2024, compared to SAR 430.31 million a year earlier.

View More Financial Results

 


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
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
Q4 2023 502.41 85.7 % 72.52 35.6 % 29.69 7.3 % 0.85
Q1 2024 458.16 42.5 % 78.83 38.9 % 43.06 31.6 % 1.23

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
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 %
Q4 2023 15.35 % 14.77 % 8.90 %
Q1 2024 15.41 % 14.52 % 8.80 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
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
Q4 2023 35.00 4.00 4.34 15.36
Q1 2024 35.00 4.30 4.64 16.59

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
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
Q4 2023 34.55 31.82 9.00
Q1 2024 36.23 33.55 9.38

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
Q4 2023 359.60 56.36 86.44
Q1 2024 328.93 57.95 71.28

Analysts Estimates (Million)

Item Q1 2024 (e) Q1 2024 (a) Change‬
Average 47.95 43.06 (10.2 %)

Estimates vs Actual (Million)

Item Q1 2024 (e) Q1 2024 (a) Change
Al Rajhi Capital 47.00 43.06 (8.4) %
AlJazira Capital 48.90 43.06 (11.9) %


Financial Ratios
Current
Market Cap (M Riyal) 6,335.00
Enterprise Value (EV) (M) 6,771.05
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) 39.01
P/E (TTM) 42.13
Price/book 10.91
Return on Average Assets (%) (TTM) 9.3
Return on Average Equity (%) (TTM) 29.7
more

Share Price

Alkhorayef Water and Power Technologies Co.
181.40
2.40 1.34 %

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.