Nice One 9M 2024 net profit rises to SAR 65.9M; Q3 at SAR 25.8M

Nice One 9M 2024 net profit rises to SAR 65.9M; Q3 at SAR 25.8M

25/11/2024 Argaam Exclusive

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Nice One Beauty Digital Marketing Co., on track to make debut on the Main Market (TASI), posted SAR 65.9 million in net profit for the first nine months of 2024, compared to SAR 29.2 million in the same period a year earlier.



Financials (M)

Item 9m 2023 9m 2024 Change‬
Revenues 512.76 696.48 35.8 %
Gross Income 156.85 200.22 27.7 %
Operating Income 30.76 71.26 131.7 %
Net Income 29.22 65.88 125.5 %
Average Shares 110.00 110.00 -
Earnings Per Share before unusual items 0.33 0.80 141.5 %
EPS (Riyals) 0.27 0.60 125.5 %

The annual profit rise was driven by the increase in the nine-month revenues to SAR 669.1 million, from SAR 490 million in 9M 2023. This is besides the decline in selling and marketing expenses, alongside the rise in the 9M 2024 EBITDA to SAR 76.2 million.

 

In Q3 2024, the company’s bottom line more than tripled to SAR 25.8 million, from SAR 8.07 million in the third quarter last year.



Current Quarter Comparison (M)

Compared With The
Item Q3 2023 Q3 2024 Change‬
Revenues 167.54 237.65 41.8 %
Gross Income 50.72 63.20 24.6 %
Operating Income 9.79 27.44 180.3 %
Net Income 8.07 25.81 220.1 %
Average Shares 110.00 110.00 -
Earnings Per Share before unusual items 0.07 0.23 220.1 %
EPS (Riyals) 0.07 0.23 220.1 %

Shareholders’ equity amounted to SAR 178.54 million by the end of 9M 2024, compared to SAR 117.69 million in prior-year period.



Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
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 - - - - - -
Q1 2023 155.14 - 47.04 - 9.21 -
Q2 2023 190.07 - 59.09 - 11.76 -
Q3 2023 167.54 - 50.72 - 9.79 -
Q4 2023 269.60 - 59.71 - 4.99 -
Q1 2024 250.05 61.2 % 71.10 51.1 % 23.88 159.3 %
Q2 2024 208.77 9.8 % 65.92 11.6 % 19.94 69.6 %
Q3 2024 237.65 41.8 % 63.20 24.6 % 27.44 180.3 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items Earnings Per Share before unusual items
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 - - - - - -
Q1 2023 8.88 - 0.08 - 8.88 0.08
Q2 2023 12.27 - 0.11 1.94 10.34 0.09
Q3 2023 8.07 - 0.07 - 8.07 0.07
Q4 2023 3.41 - 0.03 0.35 3.06 0.03
Q1 2024 21.90 146.6 % 0.20 - 21.90 0.20
Q2 2024 18.17 48.0 % 0.17 - 18.17 0.17
Q3 2024 25.81 220.1 % 0.23 - 25.81 0.23

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
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 - - -
Q1 2023 - - -
Q2 2023 - - -
Q3 2023 - - -
Q4 2023 27.68 % 5.01 % 3.88 %
Q1 2024 27.43 % 6.15 % 4.94 %
Q2 2024 27.62 % - 5.71 %
Q3 2024 26.91 % - 7.14 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Earnings Per Share before unusual items (Riyal) Book Value (BV)
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 - - - -
Q1 2023 110.00 - - 0.89
Q2 2023 110.00 - - -
Q3 2023 110.00 - - 1.07
Q4 2023 110.00 0.30 0.28 1.02
Q1 2024 110.00 0.41 0.39 1.22
Q2 2024 110.00 0.47 0.47 -
Q3 2024 110.00 0.63 0.63 1.62

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
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 - - -
Q1 2023 - - -
Q2 2023 - - -
Q3 2023 - - -
Q4 2023 - - -
Q1 2024 - - -
Q2 2024 - - -
Q3 2024 - - -

Business Segments (Million)

Compared With The
Period Revenue from sale of goods Revenue from services
Q1 2023 148.48 6.67
Q3 2023 160.10 7.44
Q4 2023 258.17 11.43
Q1 2024 240.24 9.82
Q3 2024 228.72 8.93


Financial Ratios
Current
Market Cap (M Riyal) 6,491.10
Enterprise Value (EV) (M) 6,504.24
Shares Outstanding ((M)) 115.50
EPS ( Riyal) (TTM) 0.63
Book Value (BV) ( Riyal) 1.62
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) More than 100
P/E (TTM) More than 100
Price/book 36.35
Return on Average Assets (%) (TTM) -
Return on Average Equity (%) (TTM) 46.8
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Share Price

Nice One Beauty Digital Marketing Co.
56.20
(0.20) (0.35 %)

Nice One Beauty Digital Marketing Co. (NICE ONE)

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