Enma AlRawabi net profit jumps 45% to SAR 31.8 mln in 2022

01/03/2023 Argaam Exclusive

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Enma AlRawabi Co. reported a net profit after Zakat and tax of SAR 31.8 million for 2022, an increase of 45% from SAR 22 million in 2021, as rent revenue rose 23% year-on-year (YoY).

Financials (M)

Item	2021	2022	Change‬
Revenues	38.98	48.13	23.5 %
Gross Income	28.31	37.75	33.3 %
Operating Income	23.21	33.36	43.7 %
Net Income	21.99	31.84	44.8 %
Average Shares	40.00	40.00	-
EPS (Riyals)	0.55	0.80	44.8 %

Current Half Annual Comparison (M)

Compared With The

Item	H2 2021	H2 2022	Change‬
Revenues	19.38	28.08	44.9 %
Gross Income	13.98	22.98	64.4 %
Operating Income	10.35	21.41	106.8 %
Net Income	9.18	19.46	112.0 %
Average Shares	40.00	40.00	-
EPS (Riyals)	0.23	0.49	112.0 %

Item	H1 2022	H2 2022	Change‬
Revenues	20.05	28.08	40.1 %
Gross Income	14.77	22.98	55.6 %
Operating Income	11.95	21.41	79.1 %
Net Income	12.38	19.46	57.2 %
Average Shares	40.00	40.00	-
EPS (Riyals)	0.31	0.49	57.2 %

Shareholders’ equity, no minority interest, amounted to SAR 524.32 million as of Dec. 31, 2022, compared to SAR 492.56 million the previous year.

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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	43.28	-	27.39	-	24.68	-
H1 2019	-	-	-	-	-	-
H2 2019	-	-	-	-	-	-
2019	45.00	4.0 %	31.77	16.0 %	28.87	17.0 %
H1 2020	17.15	-	11.29	-	10.19	-
H2 2020	25.39	-	17.95	-	14.72	-
2020	42.53	(5.5 %)	29.24	(8.0 %)	24.91	(13.7 %)
H1 2021	19.60	14.3 %	14.33	27.0 %	12.86	26.2 %
H2 2021	19.38	(23.7 %)	13.98	(22.1 %)	10.35	(29.7 %)
2021	38.98	(8.3 %)	28.31	(3.2 %)	23.21	(6.8 %)
H1 2022	20.05	2.3 %	14.77	3.0 %	11.95	(7.1 %)
H2 2022	28.08	44.9 %	22.98	64.4 %	21.41	106.8 %
2022	48.13	23.5 %	37.75	33.3 %	33.36	43.7 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2013	-	-	-	-	-	-
2014	-	-	-	-	-	-
2015	-	-	-	-	-	-
2016	-	-	-	-	-	-
2017	-	-	-	-	-	-
2018	43.28	-	27.39	-	24.68	-
2019	45.00	4.0 %	31.77	16.0 %	28.87	17.0 %
2020	42.53	(5.5 %)	29.24	(8.0 %)	24.91	(13.7 %)
2021	38.98	(8.3 %)	28.31	(3.2 %)	23.21	(6.8 %)
2022	48.13	23.5 %	37.75	33.3 %	33.36	43.7 %

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	23.75	-	0.82	-	23.75	0.82
H1 2019	-	-	-	-	-	-
H2 2019	-	-	-	-	-	-
2019	25.33	6.6 %	0.87	-	25.33	0.87
H1 2020	10.23	-	0.26	-	10.23	0.26
H2 2020	13.11	-	0.33	-	13.11	0.33
2020	23.34	(7.9 %)	0.58	-	23.34	0.58
H1 2021	12.81	25.3 %	0.32	-	12.81	0.32
H2 2021	9.18	(30.0 %)	0.23	-	9.18	0.23
2021	21.99	(5.8 %)	0.55	-	21.99	0.55
H1 2022	12.38	(3.4 %)	0.31	-	12.38	0.31
H2 2022	19.46	112.0 %	0.49	-	19.46	0.49
2022	31.84	44.8 %	0.80	-	31.84	0.80

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2013	-	-	-	-	-	-
2014	-	-	-	-	-	-
2015	-	-	-	-	-	-
2016	-	-	-	-	-	-
2017	-	-	-	-	-	-
2018	23.75	-	0.82	-	23.75	0.82
2019	25.33	6.6 %	0.87	-	25.33	0.87
2020	23.34	(7.9 %)	0.58	-	23.34	0.58
2021	21.99	(5.8 %)	0.55	-	21.99	0.55
2022	31.84	44.8 %	0.80	-	31.84	0.80

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	63.28 %	87.45 %	54.88 %
H1 2019	-	-	-
H2 2019	-	-	-
2019	70.61 %	82.43 %	56.29 %
H1 2020	-	-	-
H2 2020	68.75 %	78.22 %	54.87 %
2020	68.75 %	78.21 %	54.87 %
H1 2021	71.76 %	80.28 %	57.63 %
H2 2021	72.62 %	81.54 %	56.41 %
2021	72.62 %	81.53 %	56.41 %
H1 2022	72.89 %	78.41 %	54.67 %
H2 2022	78.43 %	87.31 %	66.15 %
2022	78.43 %	87.31 %	66.15 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	63.28 %	87.45 %	54.88 %
2019	70.61 %	82.43 %	56.29 %
2020	68.75 %	78.21 %	54.87 %
2021	72.62 %	81.53 %	56.41 %
2022	78.43 %	87.31 %	66.15 %

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	65.85 %	83.34 %	59.64 %
H2 2020	70.71 %	74.75 %	51.65 %
H1 2021	73.12 %	87.44 %	65.37 %
H2 2021	72.11 %	75.56 %	47.35 %
H1 2022	73.65 %	81.16 %	61.74 %
H2 2022	81.84 %	91.71 %	69.30 %

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	40.00	-	-	-
H2 2020	40.00	0.58	0.58	11.77
H1 2021	40.00	0.65	0.65	12.09
H2 2021	40.00	0.55	0.55	12.31
H1 2022	40.00	0.54	0.54	12.62
H2 2022	40.00	0.80	0.80	13.11

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2013	-	-	-	-
2014	-	-	-	-
2015	-	-	-	-
2016	-	-	-	-
2017	-	-	-	-
2018	29.12	0.82	0.82	11.71
2019	29.12	0.87	0.87	11.66
2020	40.00	0.58	0.58	11.77
2021	40.00	0.55	0.55	12.31
2022	40.00	0.80	0.80	13.11

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	62.02	62.02	2.77
H1 2022	40.82	40.82	1.74
H2 2022	22.87	22.87	1.39

Period	P/E	Adjusted P/E	Price/book
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	-	-	-
2019	-	-	-
2020	-	-	-
2021	62.02	62.02	2.77
2022	22.87	22.87	1.39

Business Segments (Million)

Compared With The

Period	Commercial center	housing center

Period	Commercial center	housing center
2020	40.88	1.66
2021	36.88	2.10
2022	45.96	2.17

Financial Ratios

	Current
Market Cap (M Riyal)	740.00
Enterprise Value (EV) (M)	690.07
Shares Outstanding ((M))	40.00
Book Value (BV) ( Riyal)	13.91
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	17.54
Price/book	1.33

Enma AlRawabi Co. (ENMA ALRAWABI)

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Enma AlRawabi net profit jumps 45% to SAR 31.8 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

Business Segments (Million)

Revenue by Business Segment (Latest) 2022 Q4

Financial Ratios

Share Price

Enma AlRawabi Co. (ENMA ALRAWABI)

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Enma AlRawabi net profit jumps 45% to SAR 31.8 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

Business Segments (Million) 2022

Revenue by Business Segment (Latest) 2022 Q4

Financial Ratios

Share Price

Enma AlRawabi Co. (ENMA ALRAWABI)

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Business Segments (Million)