Amwaj International posts 3% profit growth to SAR 29 mln

Amwaj International posts 3% profit growth to SAR 29 mln

26/03/2023 Argaam Exclusive

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Amwaj International Co. posted a 3% rise in 2022 net profit to SAR 29 million, compared to SAR 28.3 million in 2021, backed by a 19.7% rise year-on-year (YoY) in revenues to SAR 323.92 million.



Financials (M)

Item 2021 2022 Change‬
Revenues 270.55 323.92 19.7 %
Gross Income 57.87 64.19 10.9 %
Operating Income 35.89 40.40 12.6 %
Net Income 28.26 29.03 2.7 %
Average Shares 6.00 6.00 -
EPS (Riyals) 4.71 4.84 2.7 %

This strong performance was mainly attributable to strong growth in the heating, ventilation, and air conditioning (HVAC) solutions segment, which includes the enterprise projects and consumer segments, as well as strong aftermarket performance. Although the home appliances segment was challenged by inflationary pressures and market conditions, the HVAC strong performance offset the slowdown.

 

Gross profit reached SAR 64.18 million in 2022, an increase of 10.91%, from SAR 57.86 million in 2021.

The rise in gross profit was driven by higher sales, improvement in diversification of the company's portfolio and continued improvement in cost of goods sold (COGS).

 

Operating profit jumped 12.57% YoY to SAR 40.40 million for 2022.

 

On the other hand, selling and distribution expenses increased on an annual basis due to higher sales volume. In addition, general and administrative expenses increased due to a rise in fixed costs throughout the year.



Shareholders' equity, no minority rights, rose to SAR 122.50 million as of Dec. 31, 2022, from SAR 93.11 million a year earlier.



Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
Q1 2013 - - - - - - -
Q2 2013 - - - - - - -
Q3 2013 - - - - - - -
Q4 2013 - - - - - - -
Q1 2014 - - - - - - -
Q2 2014 - - - - - - -
Q3 2014 - - - - - - -
Q4 2014 - - - - - - -
Q1 2015 - - - - - - -
Q2 2015 - - - - - - -
Q3 2015 - - - - - - -
Q4 2015 - - - - - - -
Q1 2016 - - - - - - -
Q2 2016 - - - - - - -
Q3 2016 - - - - - - -
Q4 2016 - - - - - - -
Q1 2017 - - - - - - -
Q2 2017 - - - - - - -
Q3 2017 - - - - - - -
Q4 2017 - - - - - - -
Q1 2018 - - - - - - -
Q2 2018 - - - - - - -
Q3 2018 - - - - - - -
Q4 2018 - - - - - - -
Q1 2019 - - - - - - -
Q2 2019 - - - - - - -
Q3 2019 - - - - - - -
Q4 2019 - - - - - - -
Q1 2020 - - - - - - -
Q2 2020 - - - - - - -
Q3 2020 59.98 - 11.27 - 6.32 - 1.05
Q4 2020 63.35 - 12.38 - 1.73 - 0.29
Q1 2021 - - - - - - -
Q2 2021 - - - - - - -
Q3 2021 78.32 30.6 % 15.71 39.4 % 7.89 24.8 % 1.31
Q4 2021 26.81 (57.7 %) 5.98 (51.7 %) (0.71) (140.8 %) (0.12)
Q1 2022 - - - - - - -
Q2 2022 - - - - - - -
Q3 2022 - - - - - - -
Q4 2022 - - - - - - -
2022 323.92 19.7 % 64.19 10.9 % 29.03 2.7 % 4.84

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2013 - - -
Q2 2013 - - -
Q3 2013 - - -
Q4 2013 - - -
Q1 2014 - - -
Q2 2014 - - -
Q3 2014 - - -
Q4 2014 - - -
Q1 2015 - - -
Q2 2015 - - -
Q3 2015 - - -
Q4 2015 - - -
Q1 2016 - - -
Q2 2016 - - -
Q3 2016 - - -
Q4 2016 - - -
Q1 2017 - - -
Q2 2017 - - -
Q3 2017 - - -
Q4 2017 - - -
Q1 2018 - - -
Q2 2018 - - -
Q3 2018 - - -
Q4 2018 - - -
Q1 2019 - - -
Q2 2019 - - -
Q3 2019 - - -
Q4 2019 - - -
Q1 2020 - - -
Q2 2020 - - -
Q3 2020 18.78 % - 10.53 %
Q4 2020 19.17 % 11.12 % 6.53 %
Q1 2021 - - -
Q2 2021 - - -
Q3 2021 19.52 % 13.33 % 7.90 %
Q4 2021 19.84 % 10.99 % 6.67 %
Q1 2022 - - -
Q2 2022 - - -
Q3 2022 - - -
Q4 2022 - - -
2022 19.82 % 13.63 % 8.96 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2013 - - - -
Q2 2013 - - - -
Q3 2013 - - - -
Q4 2013 - - - -
Q1 2014 - - - -
Q2 2014 - - - -
Q3 2014 - - - -
Q4 2014 - - - -
Q1 2015 - - - -
Q2 2015 - - - -
Q3 2015 - - - -
Q4 2015 - - - -
Q1 2016 - - - -
Q2 2016 - - - -
Q3 2016 - - - -
Q4 2016 - - - -
Q1 2017 - - - -
Q2 2017 - - - -
Q3 2017 - - - -
Q4 2017 - - - -
Q1 2018 - - - -
Q2 2018 - - - -
Q3 2018 - - - -
Q4 2018 - - - -
Q1 2019 - - - -
Q2 2019 - - - -
Q3 2019 - - - -
Q4 2019 - - - -
Q1 2020 - - - -
Q2 2020 - - - -
Q3 2020 6.00 1.05 1.05 13.79
Q4 2020 6.00 1.34 1.34 14.17
Q1 2021 - - - -
Q2 2021 - - - -
Q3 2021 6.00 2.66 2.66 15.66
Q4 2021 6.00 2.54 2.54 15.52
Q1 2022 - - - -
Q2 2022 - - - -
Q3 2022 - - - -
Q4 2022 - - - -

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2013 - - -
Q2 2013 - - -
Q3 2013 - - -
Q4 2013 - - -
Q1 2014 - - -
Q2 2014 - - -
Q3 2014 - - -
Q4 2014 - - -
Q1 2015 - - -
Q2 2015 - - -
Q3 2015 - - -
Q4 2015 - - -
Q1 2016 - - -
Q2 2016 - - -
Q3 2016 - - -
Q4 2016 - - -
Q1 2017 - - -
Q2 2017 - - -
Q3 2017 - - -
Q4 2017 - - -
Q1 2018 - - -
Q2 2018 - - -
Q3 2018 - - -
Q4 2018 - - -
Q1 2019 - - -
Q2 2019 - - -
Q3 2019 - - -
Q4 2019 - - -
Q1 2020 - - -
Q2 2020 - - -
Q3 2020 - - -
Q4 2020 - - -
Q1 2021 - - -
Q2 2021 - - -
Q3 2021 - - -
Q4 2021 - - -
Q1 2022 - - -
Q2 2022 - - -
Q3 2022 - - -
Q4 2022 - - -

Current
Market Cap (M Riyal) 252.00
Enterprise Value (EV) (M) 431.81
Shares Outstanding ((M)) 6.00
Book Value (BV) ( Riyal) 21.62
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 15.79
Price/book 1.94

Share Price

42.00
0.00 0.00 %

Amwaj International Co. (AMWAJ INTERNATIONAL)


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