AlBabtain Food profit falls 9% to SAR 14.4 mln in 2022
28/03/2023
Argaam Exclusive
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Abdulaziz and Mansour Ibrahim Albabtin Co. (AlBabtain Food) reported a net profit of SAR 14.4 million in 2022, a decline of 9.4% from SAR 15.9 million a year earlier.
Financials (M)
| Item | 2021 | 2022 | Change |
|---|---|---|---|
| Revenues | 127.74 | 126.89 | (0.7 %) |
| Gross Income | 41.43 | 36.77 | (11.2 %) |
| Operating Income | 16.47 | 10.10 | (38.7 %) |
| Net Income | 15.87 | 14.39 | (9.4 %) |
| Average Shares | 3.40 | 3.40 | - |
| EPS (Riyals) | 4.67 | 4.23 | (9.4 %) |
This was due to an increase in operating expenses, as well as finance, Zakat and income taxes expenses.
Compared With The
Current Half Annual Comparison (M)
| Item | H2 2021 | H2 2022 | Change |
|---|---|---|---|
| Revenues | 72.64 | 64.20 | (11.6 %) |
| Gross Income | 24.30 | 18.59 | (23.5 %) |
| Operating Income | 10.36 | 5.77 | (44.3 %) |
| Net Income | 10.09 | 8.72 | (13.6 %) |
| Average Shares | 3.40 | 3.40 | - |
| EPS (Riyals) | 2.97 | 2.57 | (13.6 %) |
Total shareholders' equity, no minority interest, reached SAR 59.5 million at the end of 2022, compared with SAR 48.1 million a year earlier.
Financial results (Million)
| Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
|---|---|---|---|---|---|---|
| H1 2022 | 62.69 | 13.8 % | 18.18 | 6.1 % | 4.33 | (29.2 %) |
| H2 2022 | 64.20 | (11.6 %) | 18.59 | (23.5 %) | 5.77 | (44.3 %) |
| 2022 | 126.89 | (0.7 %) | 36.77 | (11.2 %) | 10.10 | (38.7 %) |
Profit Performance (Million)
| Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS Before XO Items |
|---|---|---|---|---|---|---|
| H1 2022 | 5.66 | (2.0 %) | 1.67 | - | 5.66 | 1.67 |
| H2 2022 | 8.72 | (13.6 %) | 2.57 | - | 8.72 | 2.57 |
| 2022 | 14.39 | (9.4 %) | 4.23 | - | 14.39 | 4.23 |
Profitability
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| H1 2022 | 31.39 % | 11.70 % | 11.64 % |
| H2 2022 | 28.98 % | 8.85 % | 11.34 % |
| 2022 | 28.98 % | 8.85 % | 11.34 % |
Compared With The
Per Share Data (Riyal)
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| H1 2022 | 3.40 | 4.63 | 4.63 | 14.82 |
| H2 2022 | 3.40 | 4.23 | 4.23 | 17.51 |
Multiple Ratios (End of Period Price)
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| H1 2022 | - | - | - |
| H2 2022 | 11.86 | 11.86 | 2.87 |
Business Segments (Million)
2022
| Period | Bakery & sweets materials - babtin | Chocolate Materials-babtin | Ice cream materials - babtin | Café Shop Materials - babtin |
|---|
| Current | |
| Market Cap (M Riyal) | 163.20 |
| Enterprise Value (EV) (M) | 161.12 |
| Shares Outstanding ((M)) | 3.40 |
| Book Value (BV) ( Riyal) | 18.77 |
| Par Value ( Riyal) | 10.00 |
| Adjusted P/E (Last12) | 28.05 |
| Price/book | 2.56 |
Share Price
Abdulaziz and Mansour Ibrahim Albabtin Co. (ALBABTAIN FOOD)
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