Ghida Al-Sultan’s 2022 profit up 28% to SAR 19.5 mln
30/04/2023
Argaam Exclusive
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Ghida Al-Sultan reported a net profit of SAR 19.5 million in 2022, an increase of 28% from SAR 15.3 million a year earlier.
Financials (M)
| Item | 2021 | 2022 | Change |
|---|---|---|---|
| Revenues | 107.08 | 146.11 | 36.5 % |
| Gross Income | 43.59 | 59.92 | 37.5 % |
| Operating Income | 16.05 | 20.99 | 30.8 % |
| Net Income | 15.27 | 19.47 | 27.5 % |
| Average Shares | 3.20 | 3.20 | - |
| EPS (Riyals) | 4.77 | 6.08 | 27.5 % |
The profit growth was spurred by increased sales of existing branches, opening new branches and establishing Foil Burger cloud brand.
Compared With The
Current Half Annual Comparison (M)
| Item | H2 2021 | H2 2022 | Change |
|---|---|---|---|
| Revenues | 62.62 | 79.01 | 26.2 % |
| Gross Income | 26.99 | 31.74 | 17.6 % |
| Operating Income | 9.10 | 13.50 | 48.3 % |
| Net Income | 8.75 | 12.32 | 40.8 % |
| Average Shares | 3.20 | 3.20 | - |
| EPS (Riyals) | 2.74 | 3.85 | 40.8 % |
Total shareholders’ equity, no minority interest, stood at SAR 51.76 million by the end of the year, compared to SAR 46.67 million in 2021.
Financial results (Million)
| Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
|---|---|---|---|---|---|---|
| H1 2022 | 67.11 | 50.9 % | 28.18 | 69.8 % | 7.49 | 7.9 % |
| H2 2022 | 79.01 | 26.2 % | 31.74 | 17.6 % | 13.50 | 48.3 % |
| 2022 | 146.11 | 36.5 % | 59.92 | 37.5 % | 20.99 | 30.8 % |
Profit Performance (Million)
| Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS Before XO Items |
|---|---|---|---|---|---|---|
| H1 2022 | 7.15 | 9.7 % | 2.23 | - | 7.15 | 2.23 |
| H2 2022 | 12.32 | 40.8 % | 3.85 | - | 12.32 | 3.85 |
| 2022 | 19.47 | 27.5 % | 6.08 | - | 19.47 | 6.08 |
Profitability
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| H1 2022 | 42.53 % | 18.76 % | 12.26 % |
| H2 2022 | 41.01 % | 20.69 % | 13.32 % |
| 2022 | 41.01 % | 20.69 % | 13.32 % |
Compared With The
Per Share Data (Riyal)
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| H1 2022 | 3.20 | 4.97 | 4.97 | 14.20 |
| H2 2022 | 3.20 | 6.08 | 6.08 | 16.17 |
Multiple Ratios (End of Period Price)
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| H1 2022 | - | - | - |
| H2 2022 | - | - | - |
| Current | |
| Market Cap (M Riyal) | 168.32 |
| Enterprise Value (EV) (M) | 158.86 |
| Shares Outstanding ((M)) | 3.20 |
| Book Value (BV) ( Riyal) | 18.75 |
| Par Value ( Riyal) | 10.00 |
| Adjusted P/E (Last12) | 21.04 |
| Price/book | 2.81 |
Share Price
Ghida Alsultan for Fast Food Co. (GHIDA ALSULTAN)
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