Tadweeer posts 32% profit rise to SAR 23.8M in 2023

Tadweeer posts 32% profit rise to SAR 23.8M in 2023

28/03/2024 Argaam Exclusive

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National Environmental Recycling Co. (Tadweeer) reported a 32% rise in 2023 net profit to SAR 23.8 million, compared to SAR 18.1 million a year earlier.



Financials (M)

Item 2022 2023 Change‬
Revenues 402.45 631.91 57.0 %
Gross Income 30.89 38.94 26.1 %
Operating Income 23.40 28.62 22.3 %
Net Income 18.12 23.82 31.5 %
Average Shares 58.08 58.08 -
EPS (Riyals) 0.31 0.41 31.5 %

The annual earnings were driven by higher sales volumes and the effective sales mix to local customers and exporters.



Shareholders’ equity, no minority interest, increased to SAR 199.94 million as of Dec. 31, 2023, from SAR 156.47 million in the year-earlier period.

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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 - - - - - - -
Q2 2019 - - - - - - -
Q3 2019 - - - - - - -
Q4 2019 - - - - - - -
Q1 2020 - - - - - - -
Q2 2020 - - - - - - -
Q3 2020 20.79 - 6.37 - 5.09 - 0.09
Q4 2020 41.65 - 9.40 - 6.59 - 0.11
Q1 2021 - - - - - - -
Q2 2021 - - - - - - -
Q3 2021 36.79 76.9 % 4.15 (34.9 %) 3.40 (33.1 %) 0.06
Q4 2021 49.66 19.3 % 3.95 (58.0 %) (1.82) (127.6 %) (0.03)
Q1 2022 - - - - - - -
Q2 2022 - - - - - - -
Q3 2022 - - - - - - -
Q4 2022 - - - - - - -
Q1 2023 - - - - - - -
Q2 2023 - - - - - - -
Q3 2023 - - - - - - -
Q4 2023 - - - - - - -
2023 631.91 57.0 % 38.94 26.1 % 23.82 31.5 % 0.41

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 - - -
Q1 2020 - - -
Q2 2020 - - -
Q3 2020 30.64 % - 24.48 %
Q4 2020 25.26 % 22.89 % 18.71 %
Q1 2021 - - -
Q2 2021 - - -
Q3 2021 20.07 % 18.60 % 15.20 %
Q4 2021 16.03 % 12.39 % 8.91 %
Q1 2022 - - -
Q2 2022 - - -
Q3 2022 - - -
Q4 2022 - - -
Q1 2023 - - -
Q2 2023 - - -
Q3 2023 - - -
Q4 2023 - - -
2023 6.16 % 5.69 % 3.65 %


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 58.08 0.09 0.09 -
Q4 2020 58.08 0.20 0.20 0.80
Q1 2021 - - - -
Q2 2021 - - - -
Q3 2021 58.08 0.26 0.26 1.03
Q4 2021 58.08 0.23 0.23 2.38
Q1 2022 - - - -
Q2 2022 - - - -
Q3 2022 - - - -
Q4 2022 - - - -
Q1 2023 - - - -
Q2 2023 - - - -
Q3 2023 - - - -
Q4 2023 - - - -

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 - - -
Q4 2022 - - -
Q1 2023 - - -
Q2 2023 - - -
Q3 2023 - - -
Q4 2023 - - -


Financial Ratios
Current
Market Cap (M Riyal) 798.02
Enterprise Value (EV) (M) 866.63
Shares Outstanding ((M)) 58.08
Book Value (BV) ( Riyal) 3.44
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) 34.59
Price/book 3.99
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Share Price

National Environmental Recycling Co.
13.74
0.00 0.00 %

National Environmental Recycling Co. (TADWEEER)

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