Paper Home H1 2024 net profit down 19% to SAR 6.9M

Paper Home H1 2024 net profit down 19% to SAR 6.9M

25/08/2024 Argaam Exclusive

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Paper Home Co. posted SAR 6.9 million in net profit for H1 2024, a decline of 19% from SAR 8.5 million.



Financials (M)

Item 6m 2023 6m 2024 Change‬
Revenues 50.70 44.86 (11.5 %)
Gross Income 13.61 12.48 (8.4 %)
Operating Income 8.94 7.37 (17.6 %)
Net Income 8.50 6.85 (19.4 %)
Average Shares 1.50 1.50 -
EPS (Riyals) 5.67 4.57 (19.4 %)


Current Half Annual Comparison (M)

Compared With The
Item H1 2023 H1 2024 Change‬
Revenues 50.70 44.86 (11.5 %)
Gross Income 13.61 12.48 (8.4 %)
Operating Income 8.94 7.37 (17.6 %)
Net Income 8.50 6.85 (19.4 %)
Average Shares 1.50 1.50 -
EPS (Riyals) 5.67 4.57 (19.4 %)

The company attributed the annual profit decline to lower revenues due to the 18% year-on-year (YoY) drop in selling prices of paper products.

 

Shareholders' equity (no minority interest) amounted to SAR 72.30 million by the end of June 30, 2024, compared to SAR 56.47 million in the year-ago period.

 

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 

H2 2023 

46.70 

9.23 

6.15 

H1 2024 

44.86 

6.85 

4.57 

 

View More Financial Results

 


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
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 %
H2 2023 46.70 (7.0 %) 14.64 46.3 % 7.96 42.3 %
H1 2024 44.86 (11.5 %) 12.48 (8.4 %) 7.37 (17.6 %)


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
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
H2 2023 9.23 12.5 % 6.15 1.33 7.90 5.26
H1 2024 6.85 (19.4 %) 4.57 - 6.85 4.57

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
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 %
H2 2023 29.00 % 20.16 % 16.84 %
H1 2024 29.61 % 19.91 % 16.11 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
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
H2 2023 1.50 11.82 10.93 43.64
H1 2024 1.50 10.72 9.83 48.20

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
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 - - -
H2 2023 15.89 17.18 4.30
H1 2024 22.30 24.31 4.96

Business Segments (Million)

Compared With The
Period cardboard paper scraps Sales returns Discounts


Financial Ratios
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
more

Share Price

Paper Home Co.
217.00
2.00 0.93 %

Paper Home Co. (PAPER HOME)

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