FADECO net profit down 37% to SAR 3.8 mln in 2022

FADECO net profit down 37% to SAR 3.8 mln in 2022

29/03/2023 Argaam Exclusive

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Arabian Food & Dairy Factories Co. (FADECO) reported a decline of 37% in net profit to SAR 3.8 million in 2022, from SAR 6 million a year earlier.



Financials (M)

Item 2021 2022 Change‬
Revenues 52.24 58.04 11.1 %
Gross Income 22.04 23.37 6.0 %
Operating Income 6.04 4.09 (32.3 %)
Net Income 6.02 3.77 (37.3 %)
Average Shares 1.41 1.41 -
EPS (Riyals) 4.27 2.68 (37.3 %)

The profit decline was attributed to higher prices of raw materials and elevated general and administrative expenses. This is despite an increase in sales.



Total shareholders’ equity, no minority interest, rose to SAR 28.96 million as of Dec. 31, 2022, from SAR 28.10 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 20.25 - 8.91 - 4.28 - 3.03
Q4 2020 8.78 - 4.93 - 1.36 - 0.96
Q1 2021 - - - - - - -
Q2 2021 - - - - - - -
Q3 2021 18.97 (6.3 %) 8.07 (9.5 %) 3.28 (23.3 %) 2.33
Q4 2021 8.47 (3.4 %) 2.36 (52.2 %) (0.75) (154.9 %) (0.53)
Q1 2022 - - - - - - -
Q2 2022 - - - - - - -
Q3 2022 - - - - - - -
Q4 2022 - - - - - - -
2022 58.04 11.1 % 23.37 6.0 % 3.77 (37.3 %) 2.68

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 44.01 % - 21.14 %
Q4 2020 47.69 % - 19.43 %
Q1 2021 - - -
Q2 2021 - - -
Q3 2021 45.65 % - 18.59 %
Q4 2021 42.97 % - 14.48 %
Q1 2022 - - -
Q2 2022 - - -
Q3 2022 - - -
Q4 2022 - - -
2022 40.27 % 13.29 % 6.50 %


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 1.41 3.03 3.03 -
Q4 2020 1.41 4.00 4.00 19.54
Q1 2021 - - - -
Q2 2021 - - - -
Q3 2021 1.41 6.33 6.33 21.14
Q4 2021 1.41 5.80 5.80 19.93
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 - - -

Business Segments (Million)

Compared With The
Period Retail outlet customer Corporate customers

Current
Market Cap (M Riyal) 119.85
Enterprise Value (EV) (M) 111.34
Shares Outstanding ((M)) 1.41
Book Value (BV) ( Riyal) 22.50
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 19.98
Price/book 3.78

Share Price

Arabian Food and Dairy Factories Co. (FADECO)


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