Alwasail 2021 profit rises 10% to SAR 30.4 mln

Alwasail 2021 profit rises 10% to SAR 30.4 mln

14/03/2022 Argaam Exclusive

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Alwasail Industrial Co.’s net profit after Zakat and tax rose 10% to SAR 30.4 million in 2021, compared to SAR 27.7 million in 2020.



Financials (M)

Item 2020 2021 Change‬
Revenues 301.06 303.75 0.9 %
Gross Income 96.01 81.64 (15.0 %)
Operating Income 33.24 34.02 2.4 %
Net Income 27.66 30.39 9.9 %
Average Shares 250.00 250.00 -
EPS (Riyals) 0.11 0.12 9.9 %

The higher earnings were driven by increased sales, provisions efficiency and surging other income despite an upsurge in the cost of sales.



Current Half Annual Comparison (M)

Compared With The
Item H2 2020 H2 2021 Change‬
Revenues 151.98 163.45 7.5 %
Gross Income 52.93 45.02 (14.9 %)
Operating Income 11.98 16.30 36.0 %
Net Income 10.57 16.09 52.2 %
Average Shares 250.00 250.00 -
EPS (Riyals) 0.04 0.06 52.2 %

Total shareholders’ equity, excluding minority interest, rose to SAR 326.2 million in 2021 compared to SAR 295.8 million in the year-earlier period.



Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
H1 2012 - - - - - -
H2 2012 - - - - - -
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 149.08 - 43.08 - 21.26 -
H2 2020 151.98 - 52.93 - 11.98 -
H1 2021 140.30 (5.9 %) 36.62 (15.0 %) 17.72 (16.6 %)
H2 2021 163.45 7.5 % 45.02 (14.9 %) 16.30 36.0 %
2021 303.75 0.9 % 81.64 (15.0 %) 34.02 2.4 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
H1 2012 - - - - - -
H2 2012 - - - - - -
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 17.08 - 0.07 - 17.08 0.07
H2 2020 10.57 - 0.04 - 10.57 0.04
H1 2021 14.30 (16.3 %) 0.06 - 14.30 0.06
H2 2021 16.09 52.2 % 0.06 - 16.09 0.06
2021 30.39 9.9 % 0.12 - 30.39 0.12

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
H1 2012 - - -
H2 2012 - - -
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 31.89 % 14.51 % 9.19 %
H1 2021 30.64 % 13.49 % 8.51 %
H2 2021 26.88 % 14.45 % 10.01 %
2021 26.88 % 14.45 % 10.01 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
H1 2012 - - - -
H2 2012 - - - -
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 250.00 - - 1.24
H2 2020 250.00 0.11 0.11 1.18
H1 2021 250.00 0.10 0.10 1.24
H2 2021 250.00 0.12 0.12 1.30

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
H1 2012 - - -
H2 2012 - - -
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 - - -

Current
Market Cap (M Riyal) 702.50
Enterprise Value (EV) (M) 705.34
Shares Outstanding ((M)) 250.00
Book Value (BV) ( Riyal) 1.44
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) 20.91
Price/book 1.95

Share Price

2.81
0.07 2.55 %

Alwasail Industrial Co. (ALWASAIL INDUSTRIAL)


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