Americana net profit down 19% to SAR 218 mln in Q1 2023

Americana net profit down 19% to SAR 218 mln in Q1 2023

04/05/2023 Argaam Exclusive

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Americana Restaurants International PLC’s net profit slumped 19% to SAR 218 million in Q1 2023, from SAR 270 million a year earlier.



Current Quarter Comparison (M)

Compared With The
Item Q1 2022 Q1 2023 Change‬
Revenues 2,165.91 2,210.34 2.1 %
Gross Income 1,159.59 1,127.01 (2.8 %)
Operating Income 300.49 249.28 (17.0 %)
Net Income 269.90 217.98 (19.2 %)
Average Shares 8,423.63 8,423.63 -
EPS (Halala) 3.20 2.59 (19.2 %)

The profit decline came on the back of higher commodity prices and lower sales volumes in March due to Ramadan. The company also noted the depreciation of the currency in Egypt and Lebanon.

 

Meanwhile, revenue rose 2.1% year-on-year (YoY) to $589.4 million in Q1 2023, despite the partial seasonal shift of the holy month of Ramadan from Q2 2022 to Q1 2023.

 

Sequentially, the company’s net profit fell 8.3% from SAR 237.79 million in Q4 2022 on lower sales impact by Ramadan season.

 

Total shareholders’ equity, excluding minority interest, stood at SAR 883.04 million as of March 31, 2023, compared to SAR 357.95 million a year earlier.

View More Financial Results

 


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
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 2,024.14 - 1,075.61 - 247.35 -
Q4 2021 2,039.35 - 1,069.89 - 229.19 -
Q1 2022 2,165.91 - 1,159.59 - 300.49 -
Q2 2022 2,153.82 - 1,112.19 - 272.68 -
Q3 2022 2,321.66 14.7 % 1,177.89 9.5 % 282.43 14.2 %
Q4 2022 2,278.16 11.7 % 1,163.10 8.7 % 261.48 14.1 %
Q1 2023 2,210.34 2.1 % 1,127.01 (2.8 %) 249.28 (17.0 %)


Profit Performance (Million)

Period Net Income Change EPS(Halala) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
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 229.59 - 2.73 - 229.59 0.03
Q4 2021 185.13 - 2.20 - 185.13 0.02
Q1 2022 269.90 - 3.20 - 269.90 0.03
Q2 2022 184.85 - 2.19 (95.56) 280.41 0.03
Q3 2022 279.56 21.8 % 3.32 2.18 277.38 0.03
Q4 2022 237.79 28.4 % 2.82 8.87 228.92 0.03
Q1 2023 217.98 (19.2 %) 2.59 - 217.98 0.03

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
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 52.69 % 21.88 % 11.51 %
Q3 2022 52.06 % 21.82 % 11.67 %
Q4 2022 51.72 % 21.76 % 11.85 %
Q1 2023 51.10 % 21.46 % 11.21 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Halala) Adjusted EPS (Halala) Book Value (BV)
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 8,423.63 - - 0.05
Q4 2021 8,423.63 - - 0.06
Q1 2022 8,423.63 - - 0.04
Q2 2022 8,423.63 10.32 11.46 0.06
Q3 2022 8,423.63 10.92 12.02 0.10
Q4 2022 8,423.63 11.54 12.54 0.13
Q1 2023 8,423.63 10.92 11.93 0.10

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
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 26.43 24.32 24.08
Q1 2023 36.98 33.87 38.54

Business Segments (Million)

Compared With The
Period Food and Beverages Real Estate Rental Revenues Other Revenues
Q1 2022 2,162.51 3.41 -
Q2 2022 2,149.95 3.87 -
Q3 2022 2,318.34 3.32 -
Q4 2022 2,275.22 2.94 -
Q1 2023 2,208.11 2.23 -

Analysts Estimates (Million)

Item Q1 2023 (e) Q1 2023 (a) Change‬
Average 245.69 217.98 (11.3 %)

Estimates vs Actual (Million)

Item Q1 2023 (e) Q1 2023 (a) Change
Sico 240.81 217.98 (9.5) %
SNB Capital 250.57 217.98 (13.0) %


Financial Ratios
Current
Market Cap (M Riyal) 19,542.82
Enterprise Value (EV) (M) 18,573.67
Shares Outstanding ((M)) 8,423.63
EPS (Halala) (TTM) 6.68
Book Value (BV) ( Riyal) 0.16
Par Value ( Halala) 7.50
Adjusted P/E (Last12) 34.71
P/E (TTM) 34.71
Price/book 14.32
Return on Average Assets (%) (TTM) 10.1
Return on Average Equity (%) (TTM) 39.0
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Share Price

Americana Restaurants International PLC - Foreign Company
2.32
0.00 0.00 %

Americana Restaurants International PLC - Foreign Company (AMERICANA)

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