Al-Jouf Mineral Water posts 32% drop in H1 2024 profit to SAR 1.6M

Al-Jouf Mineral Water posts 32% drop in H1 2024 profit to SAR 1.6M

28/08/2024 Argaam Exclusive

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Al-Jouf Mineral Water Bottling Co. reported a net profit of SAR 1.6 million in H1 2024, down 32% from SAR 2.3 million in the prior-year period. 



Financials (M)

Item 6m 2023 6m 2024 Change‬
Revenues 37.49 35.91 (4.2 %)
Gross Income 19.74 15.23 (22.9 %)
Operating Income 2.84 1.94 (31.7 %)
Net Income 2.31 1.57 (32.0 %)
Average Shares 4.69 4.69 -
EPS (Riyals) 0.49 0.33 (32.0 %)

The first-half earnings were weighed by a 4.20% year-on-year (YoY) revenue decline on lower average selling prices and fierce competition in the water segment, as well as higher cost of sales.



Current Half Annual Comparison (M)

Compared With The
Item H1 2023 H1 2024 Change‬
Revenues 37.49 35.91 (4.2 %)
Gross Income 19.74 15.23 (22.9 %)
Operating Income 2.84 1.94 (31.7 %)
Net Income 2.31 1.57 (32.0 %)
Average Shares 4.69 4.69 -
EPS (Riyals) 0.49 0.33 (32.0 %)

Total shareholders’ equity, no minority interest, stood at SAR 88.76 million by the end of H1 2024, compared to SAR 85.46 million in the year-earlier period.

 

Historical Data

Period

Revenues

(SAR mln)

Net Profit

(SAR mln)

EPS

(SAR)

H1 2020

40.66

2.27

0.48

H2 2020

30.97

2.30

0.49

H1 2021

32.53

2.60

0.55

H2 2021

35.10

2.10

0.45

H1 2022

36.08

2.81

0.60

H2 2022

37.90

2.93

0.62

H1 2023

37.49

2.31

0.52

H2 2023

39.38

1.79

0.38

H1 2024

35.91

1.57

0.33

 

 

View more financial results

 


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 - - - - - -
H2 2019 - - - - - -
H1 2020 40.66 - 20.90 - 2.72 -
H2 2020 30.97 - 15.87 - 1.99 -
H1 2021 32.53 (20.0 %) 16.92 (19.0 %) 2.76 1.4 %
H2 2021 35.10 13.3 % 17.32 9.2 % 2.52 26.5 %
H1 2022 36.08 10.9 % 18.53 9.5 % 2.91 5.7 %
H2 2022 37.89 8.0 % 12.05 (30.4 %) 3.83 52.3 %
H1 2023 37.49 3.9 % 19.74 6.5 % 2.84 (2.5 %)
H2 2023 39.38 3.9 % 19.26 59.8 % 2.94 (23.2 %)
H1 2024 35.91 (4.2 %) 15.23 (22.9 %) 1.94 (31.7 %)


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 - - - - - -
H2 2019 - - - - - -
H1 2020 2.27 - 0.48 - 2.27 0.48
H2 2020 2.30 - 0.49 - 2.30 0.49
H1 2021 2.60 14.2 % 0.55 - 2.60 0.55
H2 2021 2.11 (8.2 %) 0.45 - 2.11 0.45
H1 2022 2.81 8.2 % 0.60 - 2.81 0.60
H2 2022 2.93 39.2 % 0.63 - 2.93 0.63
H1 2023 2.31 (17.8 %) 0.49 - 2.31 0.49
H2 2023 1.80 (38.7 %) 0.38 - 1.80 0.38
H1 2024 1.57 (32.0 %) 0.33 - 1.57 0.33

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 51.32 % 15.02 % 6.38 %
H1 2021 51.63 % 16.95 % 7.70 %
H2 2021 50.63 % 16.79 % 6.95 %
H1 2022 50.37 % 15.95 % 6.91 %
H2 2022 41.34 % 18.08 % 7.76 %
H1 2023 42.18 % 17.47 % 6.95 %
H2 2023 50.74 % 16.08 % 5.34 %
H1 2024 45.81 % 14.93 % 4.47 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
H1 2015 - - - -
H2 2015 - - - -
H1 2016 - - - -
H2 2016 - - - -
H1 2017 - - - -
H2 2017 - - - -
H1 2018 - - - -
H2 2018 - - - -
H1 2019 - - - -
H2 2019 - - - -
H1 2020 4.69 - - -
H2 2020 4.69 0.97 0.97 11.36
H1 2021 4.69 1.04 1.04 11.91
H2 2021 4.69 1.00 1.00 12.36
H1 2022 4.69 1.05 1.05 17.26
H2 2022 4.69 1.22 1.22 17.76
H1 2023 4.69 1.12 1.12 18.23
H2 2023 4.69 0.88 0.88 18.60
H1 2024 4.69 0.72 0.72 18.94

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
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 40.65 40.65 2.47
H2 2022 21.24 21.24 1.47
H1 2023 25.60 25.60 1.57
H2 2023 33.71 33.71 1.59
H1 2024 31.90 31.90 1.21


Financial Ratios
Current
Market Cap (M Riyal) 118.66
Enterprise Value (EV) (M) 165.60
Shares Outstanding ((M)) 4.69
Book Value (BV) ( Riyal) 18.60
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 28.91
Price/book 1.36
more

Share Price

Aljouf Mineral Water Bottling Co.
25.30
2.30 10.00 %

Aljouf Mineral Water Bottling Co. (ALJOUF WATER)

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