Alhasoob profit falls 44% to SAR 6.7 mln in 2022

29/03/2023 Argaam Exclusive

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Alhasoob Co. reported a 44% drop in 2022 net profit to SAR 6.7 million, from SAR 12 million in 2021.

Financials (M)

Item	2021	2022	Change‬
Revenues	256.46	220.24	(14.1 %)
Gross Income	24.10	20.65	(14.3 %)
Operating Income	12.81	8.20	(36.0 %)
Net Income	11.95	6.66	(44.3 %)
Average Shares	2.80	2.80	-
EPS (Riyals)	4.27	2.38	(44.3 %)

The company attributed the lower profit to a decrease in exports compared to 2021, amid weak demand. It also reported a low rate of profitability, along with higher general and administrative expenses.

Current Half Annual Comparison (M)

Compared With The

Item	H2 2021	H2 2022	Change‬
Revenues	146.27	121.12	(17.2 %)
Gross Income	13.99	9.59	(31.5 %)
Operating Income	6.79	4.07	(40.1 %)
Net Income	6.28	3.24	(48.5 %)
Average Shares	2.80	2.80	-
EPS (Riyals)	2.24	1.16	(48.5 %)

Item	H1 2022	H2 2022	Change‬
Revenues	99.12	121.12	22.2 %
Gross Income	11.06	9.59	(13.4 %)
Operating Income	4.12	4.07	(1.2 %)
Net Income	3.42	3.24	(5.3 %)
Average Shares	2.80	2.80	-
EPS (Riyals)	1.22	1.16	(5.3 %)

Total shareholders’ equity, no minority interest, rose to SAR 35.6 million as of Dec. 31, 2022, from SAR 29.1 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	181.93	-	14.40	-	7.25	-
H1 2019	-	-	-	-	-	-
H2 2019	-	-	-	-	-	-
2019	208.73	14.7 %	14.99	4.1 %	7.11	(1.9 %)
H1 2020	120.74	-	8.69	-	4.87	-
H2 2020	134.63	-	11.44	-	6.86	-
2020	255.37	22.3 %	20.13	34.2 %	11.73	64.9 %
H1 2021	110.18	(8.7 %)	10.11	16.3 %	6.02	23.6 %
H2 2021	146.27	8.6 %	13.99	22.4 %	6.79	(0.9 %)
2021	256.46	0.4 %	24.10	19.7 %	12.81	9.2 %
H1 2022	99.12	(10.0 %)	11.06	9.5 %	4.12	(31.5 %)
H2 2022	121.12	(17.2 %)	9.59	(31.5 %)	4.07	(40.1 %)
2022	220.24	(14.1 %)	20.65	(14.3 %)	8.20	(36.0 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2013	-	-	-	-	-	-
2014	-	-	-	-	-	-
2015	-	-	-	-	-	-
2016	-	-	-	-	-	-
2017	-	-	-	-	-	-
2018	181.93	-	14.40	-	7.25	-
2019	208.73	14.7 %	14.99	4.1 %	7.11	(1.9 %)
2020	255.37	22.3 %	20.13	34.2 %	11.73	64.9 %
2021	256.46	0.4 %	24.10	19.7 %	12.81	9.2 %
2022	220.24	(14.1 %)	20.65	(14.3 %)	8.20	(36.0 %)

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	6.81	-	2.43	-	6.81	2.43
H1 2019	-	-	-	-	-	-
H2 2019	-	-	-	-	-	-
2019	6.65	(2.4 %)	2.37	-	6.65	2.37
H1 2020	4.60	-	1.64	-	4.60	1.64
H2 2020	6.44	-	2.30	-	6.44	2.30
2020	11.03	66.0 %	3.94	-	11.03	3.94
H1 2021	5.67	23.2 %	2.02	-	5.67	2.02
H2 2021	6.28	(2.4 %)	2.24	-	6.28	2.24
2021	11.95	8.3 %	4.27	-	11.95	4.27
H1 2022	3.42	(39.7 %)	1.22	-	3.42	1.22
H2 2022	3.24	(48.5 %)	1.16	-	3.24	1.16
2022	6.66	(44.3 %)	2.38	-	6.66	2.38

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2013	-	-	-	-	-	-
2014	-	-	-	-	-	-
2015	-	-	-	-	-	-
2016	-	-	-	-	-	-
2017	-	-	-	-	-	-
2018	6.81	-	2.43	-	6.81	2.43
2019	6.65	(2.4 %)	2.37	-	6.65	2.37
2020	11.03	66.0 %	3.94	-	11.03	3.94
2021	11.95	8.3 %	4.27	-	11.95	4.27
2022	6.66	(44.3 %)	2.38	-	6.66	2.38

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	7.92 %	4.06 %	3.74 %
H1 2019	-	-	-
H2 2019	-	-	-
2019	7.18 %	3.44 %	3.18 %
H1 2020	-	-	-
H2 2020	7.88 %	4.82 %	4.32 %
2020	7.88 %	4.82 %	4.32 %
H1 2021	8.80 %	5.45 %	4.94 %
H2 2021	9.40 %	5.24 %	4.66 %
2021	9.40 %	5.24 %	4.66 %
H1 2022	10.21 %	4.73 %	3.95 %
H2 2022	9.38 %	4.03 %	3.02 %
2022	9.38 %	4.03 %	3.02 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	7.92 %	4.06 %	3.74 %
2019	7.18 %	3.44 %	3.18 %
2020	7.88 %	4.82 %	4.32 %
2021	9.40 %	5.24 %	4.66 %
2022	9.38 %	4.03 %	3.02 %

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	-	-	-
H2 2019	-	-	-
H1 2020	7.20 %	4.38 %	3.81 %
H2 2020	8.50 %	5.22 %	4.78 %
H1 2021	9.17 %	5.72 %	5.14 %
H2 2021	9.57 %	4.88 %	4.30 %
H1 2022	11.16 %	4.50 %	3.45 %
H2 2022	7.91 %	3.65 %	2.67 %

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	-	-	-	-
H2 2019	-	-	-	-
H1 2020	2.80	-	-	-
H2 2020	2.80	3.94	3.94	8.99
H1 2021	2.80	4.32	4.32	8.15
H2 2021	2.80	4.27	4.27	10.38
H1 2022	2.80	3.46	3.46	11.60
H2 2022	2.80	2.38	2.38	12.70

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2013	-	-	-	-
2014	-	-	-	-
2015	-	-	-	-
2016	-	-	-	-
2017	-	-	-	-
2018	2.80	2.43	2.43	2.49
2019	2.80	2.37	2.37	2.43
2020	2.80	3.94	3.94	8.99
2021	2.80	4.27	4.27	10.38
2022	2.80	2.38	2.38	12.70

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	-	-	-
H2 2021	59.75	59.75	24.57
H1 2022	32.85	32.85	9.81
H2 2022	41.02	41.02	7.68

Period	P/E	Adjusted P/E	Price/book
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	-	-	-
2019	-	-	-
2020	-	-	-
2021	59.75	59.75	24.57
2022	41.02	41.02	7.68

Financial Ratios

	Current
Market Cap (M Riyal)	149.24
Enterprise Value (EV) (M)	134.42
Shares Outstanding ((M))	2.80
Book Value (BV) ( Riyal)	13.28
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	More than 100
Price/book	4.01

Alhasoob Co. (ALHASOOB)

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Alhasoob profit falls 44% to SAR 6.7 mln 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

Financial Ratios

Share Price

Alhasoob Co. (ALHASOOB)

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Alhasoob profit falls 44% to SAR 6.7 mln 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

Financial Ratios

Share Price

Alhasoob Co. (ALHASOOB)

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