Alamar Foods 2023 profit drops 51% to SAR 56.6M; Q4 at SAR 5.7M
26/03/2024
Argaam Exclusive
View other reports
Alamar Foods Co. reported a net profit of SAR 56.6 million in 2023, down 51% from SAR 115.3 million a year earlier.
Financials (M)
| Item | 2022 | 2023 | Change |
|---|---|---|---|
| Revenues | 1,075.89 | 991.66 | (7.8 %) |
| Gross Income | 362.35 | 293.00 | (19.1 %) |
| Operating Income | 135.64 | 73.88 | (45.5 %) |
| Net Income | 115.56 | 57.98 | (49.8 %) |
| Average Shares | 25.50 | 25.50 | - |
| EPS (Riyals) | 4.53 | 2.27 | (49.8 %) |
The growth rate of total sales, based on current foreign exchange rates, declined 7.8% year-on-year (YoY). Sales performance was affected by the currency devaluation in Egypt and Lebanon, which affected the sales value by SAR 77 million. In addition, the absence of sales from Expo Dubai weighed down the sales value by SAR 9 million, along with the adverse effects on the business in Q4 due to the recent regional geopolitical tensions.
Compared With The
Current Quarter Comparison (M)
| Item | Q4 2022 | Q4 2023 | Change |
|---|---|---|---|
| Revenues | 273.14 | 225.66 | (17.4 %) |
| Gross Income | 90.74 | 65.15 | (28.2 %) |
| Operating Income | 32.05 | 10.89 | (66.0 %) |
| Net Income | 29.54 | 6.06 | (79.5 %) |
| Average Shares | 25.50 | 25.50 | - |
| EPS (Riyals) | 1.16 | 0.24 | (79.5 %) |
Total shareholders’ equity, after minority interest, stood at SAR 321 million by Dec. 31, 2023, compared to SAR 334 million a year ago.
Financial results (Million)
| Period | Revenues | Change | Gross Income | Change | Net Income | Change | EPS(Riyal) |
|---|---|---|---|---|---|---|---|
| Q1 2023 | 249.75 | (7.8 %) | 69.97 | (29.2 %) | 14.32 | (66.9 %) | 0.56 |
| Q2 2023 | 252.66 | (1.3 %) | 78.21 | (8.4 %) | 17.53 | (26.9 %) | 0.69 |
| Q3 2023 | 263.58 | (4.4 %) | 79.68 | (8.8 %) | 20.06 | 6.8 % | 0.79 |
| Q4 2023 | 225.66 | (17.4 %) | 65.15 | (28.2 %) | 6.06 | (79.5 %) | 0.24 |
| 2023 | 991.66 | (7.8 %) | 293.00 | (19.1 %) | 57.98 | (49.8 %) | 2.27 |
Profitability
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| Q1 2023 | 31.62 % | 20.92 % | 10.05 % |
| Q2 2023 | 31.03 % | 20.67 % | 9.76 % |
| Q3 2023 | 30.66 % | 20.02 % | 8.76 % |
| Q4 2023 | 29.55 % | 18.78 % | 6.63 % |
| 2023 | 29.55 % | 18.78 % | 6.63 % |
Compared With The
Per Share Data (Riyal)
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| Q1 2023 | 25.50 | 3.40 | 4.16 | 12.60 |
| Q2 2023 | 25.50 | 3.14 | 4.02 | 12.88 |
| Q3 2023 | 25.50 | 3.19 | 3.57 | 13.01 |
| Q4 2023 | 25.50 | 2.27 | 2.58 | 12.67 |
Multiple Ratios (End of Period Price)
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| Q1 2023 | 41.96 | 34.30 | 11.43 |
| Q2 2023 | 41.24 | 32.23 | 10.17 |
| Q3 2023 | 38.88 | 34.80 | 9.55 |
| Q4 2023 | 41.75 | 36.80 | 7.56 |
Business Segments (Million)
Q4 2023
| Period | Domino's Pizza | Dunkin Donuts | Other activities | Eliminations |
|---|---|---|---|---|
| Q1 2023 | 230.68 | 15.52 | 10.10 | (6.55) |
| Q2 2023 | 230.25 | 17.31 | 11.16 | (6.05) |
| Q3 2023 | 238.87 | 20.35 | 11.25 | (6.89) |
| Q4 2023 | 210.96 | 11.55 | 8.68 | (5.53) |
Analysts Estimates (Million)
| Item | Q4 2023 (e) | Q4 2023 (a) | Change |
|---|---|---|---|
| Average | 22.00 | 6.06 | (72.5 %) |
Estimates vs Actual (Million)
| Item | Q4 2023 (e) | Q4 2023 (a) | Change |
|---|---|---|---|
| GIB Capital | 22.00 | 6.06 | (72.5) % |
| Current | |
| Market Cap (M Riyal) | 2,096.10 |
| Enterprise Value (EV) (M) | 1,958.06 |
| Shares Outstanding ((M)) | 25.50 |
| EPS ( Riyal) (TTM) | 1.06 |
| Book Value (BV) ( Riyal) | 11.17 |
| Par Value ( Riyal) | 10.00 |
| Adjusted P/E (Last12) | More than 100 |
| P/E (TTM) | More than 100 |
| Price/book | 7.36 |
| Return on Average Assets (%) (TTM) | 3.8 |
| Return on Average Equity (%) (TTM) | 8.9 |
Share Price
Alamar Foods Co. (ALAMAR)
Follow us on
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}