Alwasail 2022 profit rises 6% to SAR 32.3 mln

28/03/2023 Argaam Exclusive

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Alwasail Industrial Co.’s net profit after Zakat and tax rose 6% to SAR 32.3 million in 2022, compared to SAR 30.4 million in 2021.

Financials (M)

Item	2021	2022	Change‬
Revenues	303.75	386.59	27.3 %
Gross Income	81.64	97.89	19.9 %
Operating Income	34.02	39.44	15.9 %
Net Income	30.39	32.27	6.2 %
Average Shares	250.00	250.00	-
EPS (Riyals)	0.12	0.13	6.2 %

The better results were due to a 27% year-on-year (YoY) sales increase on growth in pipe sales of 13.91%.

Current Half Annual Comparison (M)

Compared With The

Item	H2 2021	H2 2022	Change‬
Revenues	163.45	220.82	35.1 %
Gross Income	45.02	49.11	9.1 %
Operating Income	16.30	18.43	13.1 %
Net Income	16.09	16.09	0.0 %
Average Shares	250.00	250.00	-
EPS (Riyals)	0.06	0.06	0.0 %

Item	H1 2022	H2 2022	Change‬
Revenues	165.77	220.82	33.2 %
Gross Income	48.78	49.11	0.7 %
Operating Income	21.01	18.43	(12.2 %)
Net Income	16.18	16.09	(0.5 %)
Average Shares	250.00	250.00	-
EPS (Riyals)	0.06	0.06	(0.5 %)

Total shareholders’ equity, no minority interest, rose to SAR 346.1 million at the end of 2022, compared to SAR 326.2 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	-	-	-	-	-	-
H1 2019	-	-	-	-	-	-
H2 2019	-	-	-	-	-	-
2019	317.56	-	63.72	-	11.25	-
H1 2020	149.08	-	43.08	-	21.26	-
H2 2020	151.98	-	52.93	-	11.98	-
2020	301.06	(5.2 %)	96.01	50.7 %	33.24	195.5 %
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 %
H1 2022	165.77	18.2 %	48.78	33.2 %	21.01	18.5 %
H2 2022	220.82	35.1 %	49.11	9.1 %	18.43	13.1 %
2022	386.59	27.3 %	97.89	19.9 %	39.44	15.9 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2013	-	-	-	-	-	-
2014	-	-	-	-	-	-
2015	-	-	-	-	-	-
2016	-	-	-	-	-	-
2017	-	-	-	-	-	-
2018	-	-	-	-	-	-
2019	317.56	-	63.72	-	11.25	-
2020	301.06	(5.2 %)	96.01	50.7 %	33.24	195.5 %
2021	303.75	0.9 %	81.64	(15.0 %)	34.02	2.4 %
2022	386.59	27.3 %	97.89	19.9 %	39.44	15.9 %

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	-	-	-	-	-	-
H1 2019	-	-	-	-	-	-
H2 2019	-	-	-	-	-	-
2019	21.61	-	0.09	-	21.61	0.09
H1 2020	17.08	-	0.07	-	17.08	0.07
H2 2020	10.57	-	0.04	-	10.57	0.04
2020	27.66	28.0 %	0.11	-	27.66	0.11
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
H1 2022	16.18	13.1 %	0.06	-	16.18	0.06
H2 2022	16.09	0.0 %	0.06	-	16.09	0.06
2022	32.27	6.2 %	0.13	-	32.27	0.13

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2013	-	-	-	-	-	-
2014	-	-	-	-	-	-
2015	-	-	-	-	-	-
2016	-	-	-	-	-	-
2017	-	-	-	-	-	-
2018	-	-	-	-	-	-
2019	21.61	-	0.09	-	21.61	0.09
2020	27.66	28.0 %	0.11	-	27.66	0.11
2021	30.39	9.9 %	0.12	-	30.39	0.12
2022	32.27	6.2 %	0.13	-	32.27	0.13

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	-	-	-
H1 2019	-	-	-
H2 2019	-	-	-
2019	20.07 %	6.55 %	6.80 %
H1 2020	-	-	-
H2 2020	31.89 %	14.51 %	9.19 %
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 %
H1 2022	28.49 %	14.35 %	9.80 %
H2 2022	25.32 %	12.90 %	8.35 %
2022	25.32 %	12.90 %	8.35 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	-	-	-
2019	20.07 %	6.55 %	6.80 %
2020	31.89 %	14.51 %	9.19 %
2021	26.88 %	14.45 %	10.01 %
2022	25.32 %	12.90 %	8.35 %

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	28.89 %	17.92 %	11.46 %
H2 2020	34.83 %	11.17 %	6.96 %
H1 2021	26.10 %	15.99 %	10.19 %
H2 2021	27.54 %	13.13 %	9.85 %
H1 2022	29.43 %	15.56 %	9.76 %
H2 2022	22.24 %	10.91 %	7.29 %

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	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
H1 2022	250.00	0.13	0.13	1.32
H2 2022	250.00	0.13	0.13	1.38

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2013	-	-	-	-
2014	-	-	-	-
2015	-	-	-	-
2016	-	-	-	-
2017	-	-	-	-
2018	-	-	-	-
2019	250.00	0.09	0.09	1.12
2020	250.00	0.11	0.11	1.18
2021	250.00	0.12	0.12	1.30
2022	250.00	0.13	0.13	1.38

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	-	-	-
H1 2022	18.98	18.98	1.86
H2 2022	14.18	14.18	1.32

Period	P/E	Adjusted P/E	Price/book
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	-	-	-
2019	-	-	-
2020	-	-	-
2021	-	-	-
2022	14.18	14.18	1.32

Financial Ratios

	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

Alwasail Industrial Co. (ALWASAIL INDUSTRIAL)

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Alwasail 2022 profit rises 6% to SAR 32.3 mln

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

Alwasail Industrial Co. (ALWASAIL INDUSTRIAL)

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Alwasail 2022 profit rises 6% to SAR 32.3 mln

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

Alwasail Industrial Co. (ALWASAIL INDUSTRIAL)

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