Paper Home H1 2023 profit jumps 35% to SAR 8.5 mln

Paper Home H1 2023 profit jumps 35% to SAR 8.5 mln

04/09/2023 Argaam Exclusive

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​Paper Home Co. reported a 35% leap in its H1 2023 net profit to SAR 8.5 million from SAR 6.3 million in H1 2022.



Financials (M)

Item 6m 2022 6m 2023 Change‬
Revenues 47.96 50.70 5.7 %
Gross Income 9.95 13.61 36.8 %
Operating Income 5.78 8.94 54.8 %
Net Income 6.29 8.50 35.2 %
Average Shares 1.50 1.50 -
EPS (Riyals) 4.19 5.67 35.2 %

The profit growth was driven by higher sales value and lower paper raw cost.

 

Shareholders' equity, with no minority interest, rose to SAR 56.47 million in H1 2023 from SAR 39.73 million in 2021.


Current Half Annual Comparison (M)

Compared With The
Item H1 2022 H1 2023 Change‬
Revenues 47.96 50.70 5.7 %
Gross Income 9.95 13.61 36.8 %
Operating Income 5.78 8.94 54.8 %
Net Income 6.29 8.50 35.2 %
Average Shares 1.50 1.50 -
EPS (Riyals) 4.19 5.67 35.2 %

Historical Data 

Period  

Revenue 

(SAR mln)  

Net Profit 

(SAR mln)   

EPS 

(SAR)  

H1 2022  

47.96

6.29

4.19

H2 2022  

50.19

8.20

5.47

H1 2023  

50.70

8.50

5.67



Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
H1 2014 - - - - - -
H2 2014 - - - - - -
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 - - - - - -
H2 2019 - - - - - -
H1 2020 - - - - - -
H2 2020 - - - - - -
H1 2021 - - - - - -
H2 2021 - - - - - -
H1 2022 47.96 - 9.95 - 5.78 -
H2 2022 50.20 - 10.00 - 5.60 -
H1 2023 50.70 5.7 % 13.61 36.8 % 8.94 54.8 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
H1 2014 - - - - - -
H2 2014 - - - - - -
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 - - - - - -
H2 2019 - - - - - -
H1 2020 - - - - - -
H2 2020 - - - - - -
H1 2021 - - - - - -
H2 2021 - - - - - -
H1 2022 6.29 - 4.19 - 6.29 4.19
H2 2022 8.20 - 5.47 3.74 4.46 2.97
H1 2023 8.50 35.2 % 5.67 - 8.50 5.67

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
H1 2014 - - -
H2 2014 - - -
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 - - -
H1 2021 - - -
H2 2021 - - -
H1 2022 - - -
H2 2022 20.33 % 14.13 % 10.95 %
H1 2023 23.41 % 17.01 % 12.85 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
H1 2014 - - - -
H2 2014 - - - -
H1 2015 - - - -
H2 2015 - - - -
H1 2016 - - - -
H2 2016 - - - -
H1 2017 - - - -
H2 2017 - - - -
H1 2018 - - - -
H2 2018 - - - -
H1 2019 - - - -
H2 2019 - - - -
H1 2020 - - - -
H2 2020 - - - -
H1 2021 - - - -
H2 2021 - - - -
H1 2022 1.50 - - 26.49
H2 2022 1.50 9.66 7.17 31.98
H1 2023 1.50 11.13 8.64 37.65

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
H1 2014 - - -
H2 2014 - - -
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 - - -
H1 2021 - - -
H2 2021 - - -
H1 2022 - - -
H2 2022 - - -
H1 2023 - - -

Business Segments (Million)

Compared With The
Period cardboard paper scraps Sales returns Discounts

Current
Market Cap (M Riyal) 325.50
Enterprise Value (EV) (M) 325.00
Shares Outstanding ((M)) 1.50
Book Value (BV) ( Riyal) 43.64
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 19.85
Price/book 4.97

Share Price

217.00
2.00 0.93 %

Paper Home Co. (PAPER HOME)


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