Bawan 9M 2023 profit down 25% to SAR 99.7 mln; Q3 at SAR 40.1 mln

01/11/2023 Argaam Exclusive

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Bawan Co. posted a 25% profit decline in the first nine months of 2023 to SAR 99.7 million, compared to SAR 133 million in the year-earlier period.

Financials (M)

Item	9m 2022	9m 2023	Change‬
Revenues	2,504.31	2,492.54	(0.5 %)
Gross Income	313.95	278.56	(11.3 %)
Operating Income	169.23	131.35	(22.4 %)
Net Income	133.02	99.67	(25.1 %)
Average Shares	60.00	60.00	-
EPS (Riyals)	2.22	1.66	(25.1 %)

The profit decline is attributed to lower net profits of the metal, wood and plastic industries segment, mainly due to the decrease in average selling prices, which led to a drop in the profit margin.

The company recorded an increase in the finance cost due to the increase in the cost of borrowing associated with the increase in SAIBOR rates, in addition to realizing loss from discontinued operations related to the concrete industries segment, which amounted to SAR 2.5 million. In addition, operational expenses edged higher.

This was partially offset by a year-on-year (YoY) increase in net profit of the electrical industries segment, higher income from investment in financial assets at fair value and lower Zakat expenses.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2022	Q3 2023	Change‬
Revenues	812.96	832.01	2.3 %
Gross Income	89.42	99.02	10.7 %
Operating Income	47.38	47.33	(0.1 %)
Net Income	38.12	40.10	5.2 %
Average Shares	60.00	60.00	-
EPS (Riyals)	0.64	0.67	5.2 %

Item	Q2 2023	Q3 2023	Change‬
Revenues	768.08	832.01	8.3 %
Gross Income	83.96	99.02	17.9 %
Operating Income	36.19	47.33	30.8 %
Net Income	25.04	40.10	60.2 %
Average Shares	60.00	60.00	-
EPS (Riyals)	0.42	0.67	60.2 %

In Q3 2023, net profit inched up 5.2% to SAR 40.10 million from SAR 38.12 million in Q3 2022.

On a sequential basis, the bottom line grew 60.2% from SAR 25.04 million in Q2 2023.

Shareholders’ equity, no minority interest, reached SAR 885.16 million as of Sept. 30, 2023, up from SAR 821.54 million a year earlier.

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Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2014	773.49	35.3 %	113.12	37.0 %	68.46	38.7 %
Q2 2014	758.47	22.4 %	107.51	2.2 %	60.40	(12.4 %)
Q3 2014	613.76	(0.4 %)	92.10	(18.2 %)	55.35	(25.7 %)
Q4 2014	654.49	2.1 %	81.30	(12.8 %)	35.84	(22.1 %)
2014	2,800.20	14.4 %	394.03	0.1 %	220.05	(7.9 %)
Q1 2015	661.53	(14.5 %)	76.76	(32.1 %)	35.76	(47.8 %)
Q2 2015	646.04	(14.8 %)	71.90	(33.1 %)	30.01	(50.3 %)
Q3 2015	546.48	(11.0 %)	70.02	(24.0 %)	29.19	(47.3 %)
Q4 2015	549.94	(16.0 %)	76.47	(5.9 %)	28.87	(19.5 %)
2015	2,403.98	(14.1 %)	295.15	(25.1 %)	123.83	(43.7 %)
Q1 2016	611.19	(7.6 %)	83.15	8.3 %	39.89	11.5 %
Q2 2016	642.66	(0.5 %)	120.65	67.8 %	65.53	118.3 %
Q3 2016	535.02	(2.1 %)	73.70	5.3 %	32.59	11.6 %
Q4 2016	529.76	(3.7 %)	74.24	(2.9 %)	23.17	(19.7 %)
2016	2,318.62	(3.6 %)	351.74	19.2 %	161.17	30.2 %
Q1 2017	549.99	(10.0 %)	68.85	(17.2 %)	30.49	(23.6 %)
Q2 2017	475.66	(26.0 %)	53.25	(55.9 %)	17.21	(73.7 %)
Q3 2017	506.94	(5.2 %)	62.89	(14.7 %)	29.14	(10.6 %)
Q4 2017	596.16	12.5 %	78.21	5.3 %	30.50	31.6 %
2017	2,128.75	(8.2 %)	263.20	(25.2 %)	107.34	(33.4 %)
Q1 2018	522.35	(5.0 %)	56.60	(17.8 %)	18.84	(38.2 %)
Q2 2018	465.77	(2.1 %)	39.73	(25.4 %)	5.50	(68.1 %)
Q3 2018	443.81	(12.5 %)	40.11	(36.2 %)	5.02	(82.8 %)
Q4 2018	521.52	(12.5 %)	19.14	(75.5 %)	(29.82)	(197.8 %)
2018	1,953.46	(8.2 %)	155.58	(40.9 %)	(0.46)	(100.4 %)
Q1 2019	596.81	14.3 %	71.18	25.8 %	23.52	24.8 %
Q2 2019	519.17	11.5 %	58.94	48.4 %	12.47	126.9 %
Q3 2019	525.59	18.4 %	57.07	42.3 %	12.34	145.8 %
Q4 2019	593.66	13.8 %	62.00	223.9 %	4.37	114.7 %
2019	2,235.23	14.4 %	249.20	60.2 %	52.70	11457.5 %
Q1 2020	644.14	7.9 %	80.24	12.7 %	31.66	34.6 %
Q2 2020	520.90	0.3 %	61.21	3.8 %	18.76	50.4 %
Q3 2020	548.78	4.4 %	86.93	52.3 %	36.41	195.1 %
Q4 2020	709.46	19.5 %	113.49	83.0 %	41.57	851.1 %
2020	2,423.29	8.4 %	341.87	37.2 %	128.40	143.7 %
Q1 2021	862.12	33.8 %	102.46	27.7 %	49.61	56.7 %
Q2 2021	788.82	51.4 %	115.43	88.6 %	53.23	183.8 %
Q3 2021	727.44	32.6 %	95.89	10.3 %	48.77	33.9 %
Q4 2021	849.04	19.7 %	111.70	(1.6 %)	42.29	1.7 %
2021	3,227.41	33.2 %	425.47	24.5 %	193.90	51.0 %
Q1 2022	893.11	3.6 %	117.59	14.8 %	64.46	29.9 %
Q2 2022	798.25	1.2 %	106.94	(7.4 %)	57.39	7.8 %
Q3 2022	812.96	11.8 %	89.42	(6.7 %)	47.38	(2.9 %)
Q4 2022	859.94	1.3 %	90.16	(19.3 %)	38.13	(9.8 %)
2022	3,364.26	4.2 %	404.11	(5.0 %)	207.36	6.9 %
Q1 2023	892.45	(0.1 %)	95.44	(18.8 %)	47.69	(26.0 %)
Q2 2023	768.08	(3.8 %)	83.96	(21.5 %)	36.19	(36.9 %)
Q3 2023	832.01	2.3 %	99.02	10.7 %	47.33	(0.1 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2013	2,448.46	17.4 %	393.59	41.4 %	238.89	52.1 %
2014	2,800.20	14.4 %	394.03	0.1 %	220.05	(7.9 %)
2015	2,403.98	(14.1 %)	295.15	(25.1 %)	123.83	(43.7 %)
2016	2,318.62	(3.6 %)	351.74	19.2 %	161.17	30.2 %
2017	2,128.75	(8.2 %)	263.20	(25.2 %)	107.34	(33.4 %)
2018	1,953.46	(8.2 %)	155.58	(40.9 %)	(0.46)	(100.4 %)
2019	2,235.23	14.4 %	249.20	60.2 %	52.70	11457.5 %
2020	2,423.29	8.4 %	341.87	37.2 %	128.40	143.7 %
2021	3,227.41	33.2 %	425.47	24.5 %	193.90	51.0 %
2022	3,364.26	4.2 %	404.11	(5.0 %)	207.36	6.9 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2014	46.72	15.8 %	0.78	(6.23)	52.95	0.88
Q2 2014	47.10	7.1 %	0.79	3.80	43.30	0.72
Q3 2014	45.42	1.0 %	0.76	1.00	44.42	0.74
Q4 2014	37.22	(4.3 %)	0.62	13.04	24.17	0.40
2014	176.46	4.9 %	2.94	11.61	164.84	2.75
Q1 2015	27.33	(41.5 %)	0.46	-	27.33	0.46
Q2 2015	23.81	(49.5 %)	0.40	-	23.81	0.40
Q3 2015	20.13	(55.7 %)	0.34	-	20.13	0.34
Q4 2015	16.88	(54.6 %)	0.28	-	16.88	0.28
2015	88.15	(50.0 %)	1.47	-	88.15	1.47
Q1 2016	28.52	4.4 %	0.48	-	28.52	0.48
Q2 2016	53.22	123.6 %	0.89	-	53.22	0.89
Q3 2016	21.11	4.9 %	0.35	-	21.11	0.35
Q4 2016	11.52	(31.8 %)	0.19	-	11.52	0.19
2016	114.37	29.7 %	1.91	-	114.37	1.91
Q1 2017	21.59	(24.3 %)	0.36	-	21.59	0.36
Q2 2017	8.90	(83.3 %)	0.15	-	8.90	0.15
Q3 2017	23.29	10.4 %	0.39	-	23.29	0.39
Q4 2017	17.23	49.6 %	0.29	-	17.23	0.29
2017	71.01	(37.9 %)	1.18	-	71.01	1.18
Q1 2018	14.02	(35.1 %)	0.23	-	14.02	0.23
Q2 2018	1.60	(82.0 %)	0.03	-	1.60	0.03
Q3 2018	(4.13)	(117.7 %)	(0.07)	-	(4.13)	(0.07)
Q4 2018	(229.84)	(1433.9 %)	(3.83)	(189.17)	(40.68)	(0.68)
2018	(218.35)	(407.5 %)	(3.64)	(189.17)	(29.19)	(0.49)
Q1 2019	15.04	7.3 %	0.25	-	15.04	0.25
Q2 2019	3.03	89.3 %	0.05	-	3.03	0.05
Q3 2019	3.26	179.1 %	0.05	-	3.26	0.05
Q4 2019	5.30	102.3 %	0.09	13.12	(7.82)	(0.13)
2019	26.63	112.2 %	0.44	13.12	13.51	0.23
Q1 2020	15.21	1.1 %	0.25	(7.06)	22.26	0.37
Q2 2020	15.46	410.9 %	0.26	3.25	12.21	0.20
Q3 2020	29.58	806.7 %	0.49	4.70	24.87	0.41
Q4 2020	29.92	464.7 %	0.50	0.96	28.96	0.48
2020	90.17	238.6 %	1.50	1.86	88.31	1.47
Q1 2021	41.68	174.1 %	0.69	-	41.68	0.69
Q2 2021	43.12	178.8 %	0.72	-	43.12	0.72
Q3 2021	40.93	38.4 %	0.68	-	40.93	0.68
Q4 2021	44.61	49.1 %	0.74	5.31	39.30	0.65
2021	170.34	88.9 %	2.84	5.31	165.03	2.75
Q1 2022	50.35	20.8 %	0.84	-	50.35	0.84
Q2 2022	44.56	3.3 %	0.74	-	44.56	0.74
Q3 2022	38.12	(6.9 %)	0.64	-	38.12	0.64
Q4 2022	29.83	(33.1 %)	0.50	-	29.83	0.50
2022	162.85	(4.4 %)	2.71	-	162.85	2.71
Q1 2023	34.53	(31.4 %)	0.58	-	34.53	0.58
Q2 2023	25.04	(43.8 %)	0.42	4.83	20.21	0.34
Q3 2023	40.10	5.2 %	0.67	2.91	37.20	0.62

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2013	168.19	28.2 %	2.80	(14.27)	182.45	3.04
2014	176.46	4.9 %	2.94	11.61	164.84	2.75
2015	88.15	(50.0 %)	1.47	-	88.15	1.47
2016	114.37	29.7 %	1.91	-	114.37	1.91
2017	71.01	(37.9 %)	1.18	-	71.01	1.18
2018	(218.35)	(407.5 %)	(3.64)	(189.17)	(29.19)	(0.49)
2019	26.63	112.2 %	0.44	13.12	13.51	0.23
2020	90.17	238.6 %	1.50	1.86	88.31	1.47
2021	170.34	88.9 %	2.84	5.31	165.03	2.75
2022	162.85	(4.4 %)	2.71	-	162.85	2.71

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	16.01 %	11.23 %	7.36 %
Q2 2014	15.29 %	10.41 %	6.54 %
Q3 2014	14.57 %	9.81 %	6.02 %
Q4 2014	14.07 %	9.60 %	5.89 %
2014	14.07 %	9.60 %	5.89 %
Q1 2015	13.30 %	8.89 %	5.18 %
Q2 2015	12.50 %	8.18 %	4.65 %
Q3 2015	11.96 %	7.43 %	3.80 %
Q4 2015	12.28 %	7.47 %	3.67 %
2015	12.28 %	7.47 %	3.67 %
Q1 2016	12.81 %	7.81 %	3.80 %
Q2 2016	14.90 %	9.35 %	5.05 %
Q3 2016	15.13 %	9.52 %	5.12 %
Q4 2016	15.17 %	9.26 %	4.93 %
2016	15.17 %	9.26 %	4.93 %
Q1 2017	14.95 %	9.12 %	4.76 %
Q2 2017	12.92 %	7.55 %	3.02 %
Q3 2017	12.57 %	7.50 %	3.17 %
Q4 2017	12.36 %	7.64 %	3.34 %
2017	12.36 %	7.64 %	3.34 %
Q1 2018	11.94 %	7.16 %	3.02 %
Q2 2018	11.35 %	6.60 %	2.68 %
Q3 2018	10.58 %	5.59 %	1.42 %
Q4 2018	7.96 %	2.70 %	(1.49 %)
2018	7.96 %	2.70 %	(1.49 %)
Q1 2019	8.39 %	3.04 %	(1.39 %)
Q2 2019	9.10 %	3.54 %	(1.28 %)
Q3 2019	9.54 %	3.97 %	(0.89 %)
Q4 2019	11.15 %	5.57 %	0.60 %
2019	11.15 %	5.57 %	0.60 %
Q1 2020	11.31 %	5.80 %	0.91 %
Q2 2020	11.40 %	6.05 %	1.31 %
Q3 2020	12.58 %	7.09 %	2.23 %
Q4 2020	14.11 %	8.54 %	3.64 %
2020	14.11 %	8.54 %	3.64 %
Q1 2021	13.78 %	8.52 %	4.08 %
Q2 2021	14.38 %	8.97 %	4.77 %
Q3 2021	13.84 %	8.80 %	5.01 %
Q4 2021	13.18 %	8.28 %	5.11 %
2021	13.18 %	8.28 %	5.11 %
Q1 2022	13.52 %	8.70 %	5.33 %
Q2 2022	13.22 %	8.74 %	5.36 %
Q3 2022	12.69 %	8.60 %	5.14 %
Q4 2022	12.01 %	8.46 %	4.84 %
2022	12.01 %	8.46 %	4.84 %
Q1 2023	11.36 %	7.99 %	4.37 %
Q2 2023	10.77 %	7.51 %	3.68 %
Q3 2023	10.99 %	7.31 %	3.63 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2013	16.08 %	11.36 %	7.45 %
2014	14.07 %	9.60 %	5.89 %
2015	12.28 %	7.47 %	3.67 %
2016	15.17 %	9.26 %	4.93 %
2017	12.36 %	7.64 %	3.34 %
2018	7.96 %	2.70 %	(1.49 %)
2019	11.15 %	5.57 %	0.60 %
2020	14.11 %	8.54 %	3.64 %
2021	13.18 %	8.28 %	5.11 %
2022	12.01 %	8.46 %	4.84 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	14.63 %	10.18 %	6.85 %
Q2 2014	14.17 %	9.44 %	5.71 %
Q3 2014	15.01 %	10.96 %	7.24 %
Q4 2014	12.42 %	7.82 %	3.69 %
Q1 2015	11.60 %	7.40 %	4.13 %
Q2 2015	11.13 %	6.71 %	3.68 %
Q3 2015	12.81 %	7.85 %	3.68 %
Q4 2015	13.91 %	8.09 %	3.07 %
Q1 2016	13.60 %	8.70 %	4.67 %
Q2 2016	18.77 %	12.32 %	8.28 %
Q3 2016	13.78 %	8.56 %	3.95 %
Q4 2016	14.01 %	6.88 %	2.17 %
Q1 2017	12.52 %	8.10 %	3.93 %
Q2 2017	11.20 %	6.53 %	1.87 %
Q3 2017	12.40 %	8.42 %	4.60 %
Q4 2017	13.12 %	7.45 %	2.89 %
Q1 2018	10.84 %	6.19 %	2.68 %
Q2 2018	8.53 %	4.01 %	0.34 %
Q3 2018	9.04 %	4.07 %	(0.93 %)
Q4 2018	3.67 %	(3.12 %)	(7.80 %)
Q1 2019	11.93 %	6.91 %	2.52 %
Q2 2019	11.35 %	5.91 %	0.58 %
Q3 2019	10.86 %	5.75 %	0.62 %
Q4 2019	10.44 %	3.75 %	(1.32 %)
Q1 2020	12.46 %	7.65 %	3.46 %
Q2 2020	11.75 %	7.01 %	2.34 %
Q3 2020	15.84 %	10.10 %	4.53 %
Q4 2020	16.00 %	9.25 %	4.08 %
Q1 2021	11.88 %	7.83 %	4.83 %
Q2 2021	14.63 %	9.18 %	5.47 %
Q3 2021	13.18 %	9.10 %	5.63 %
Q4 2021	13.16 %	7.19 %	4.63 %
Q1 2022	13.17 %	9.38 %	5.64 %
Q2 2022	13.40 %	9.36 %	5.58 %
Q3 2022	11.00 %	8.46 %	4.69 %
Q4 2022	10.48 %	6.68 %	3.47 %
Q1 2023	10.69 %	7.60 %	3.87 %
Q2 2023	10.93 %	7.34 %	2.63 %
Q3 2023	11.90 %	7.64 %	4.47 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2014	60.00	2.91	3.25	12.68
Q2 2014	60.00	2.96	3.04	12.18
Q3 2014	60.00	2.97	2.80	12.51
Q4 2014	60.00	2.94	2.75	12.66
Q1 2015	60.00	2.62	2.32	12.69
Q2 2015	60.00	2.23	2.00	12.66
Q3 2015	60.00	1.81	1.59	12.79
Q4 2015	60.00	1.47	1.47	12.79
Q1 2016	60.00	1.49	1.49	13.02
Q2 2016	60.00	1.98	1.98	13.65
Q3 2016	60.00	2.00	2.00	13.62
Q4 2016	60.00	1.91	1.91	13.52
Q1 2017	60.00	1.79	1.79	13.64
Q2 2017	60.00	1.05	1.05	13.39
Q3 2017	60.00	1.09	1.09	13.78
Q4 2017	60.00	1.18	1.18	14.03
Q1 2018	60.00	1.06	1.06	13.84
Q2 2018	60.00	0.94	0.94	13.86
Q3 2018	60.00	0.48	0.48	13.80
Q4 2018	60.00	(3.64)	(0.49)	10.11
Q1 2019	60.00	(3.62)	(0.47)	10.36
Q2 2019	60.00	(3.60)	(0.45)	10.42
Q3 2019	60.00	(3.48)	(0.32)	10.48
Q4 2019	60.00	0.44	0.23	10.44
Q1 2020	60.00	0.45	0.35	10.68
Q2 2020	60.00	0.65	0.50	10.94
Q3 2020	60.00	1.09	0.86	11.43
Q4 2020	60.00	1.50	1.47	11.54
Q1 2021	60.00	1.94	1.80	11.64
Q2 2021	60.00	2.41	2.31	12.36
Q3 2021	60.00	2.59	2.58	12.32
Q4 2021	60.00	2.84	2.75	12.33
Q1 2022	60.00	2.98	2.90	13.16
Q2 2022	60.00	3.01	2.92	13.91
Q3 2022	60.00	2.96	2.87	13.69
Q4 2022	60.00	2.71	2.71	14.39
Q1 2023	60.00	2.45	2.45	14.32
Q2 2023	60.00	2.13	2.04	14.73
Q3 2023	60.00	2.16	2.03	14.75

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2013	60.00	2.80	3.04	11.88
2014	60.00	2.94	2.75	12.66
2015	60.00	1.47	1.47	12.79
2016	60.00	1.91	1.91	13.52
2017	60.00	1.18	1.18	14.03
2018	60.00	(3.64)	(0.49)	10.11
2019	60.00	0.44	0.23	10.44
2020	60.00	1.50	1.47	11.54
2021	60.00	2.84	2.75	12.33
2022	60.00	2.71	2.71	14.39

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2014	16.90	15.13	3.88
Q2 2014	21.00	20.46	5.10
Q3 2014	22.05	23.40	5.23
Q4 2014	13.46	14.41	3.13
Q1 2015	15.62	17.62	3.22
Q2 2015	18.03	20.15	3.18
Q3 2015	15.58	17.70	2.20
Q4 2015	15.89	15.89	1.83
Q1 2016	11.49	11.49	1.31
Q2 2016	11.78	11.78	1.71
Q3 2016	8.58	8.58	1.26
Q4 2016	11.87	11.87	1.67
Q1 2017	10.81	10.81	1.42
Q2 2017	16.67	16.67	1.31
Q3 2017	15.70	15.70	1.24
Q4 2017	14.80	14.80	1.25
Q1 2018	16.31	16.31	1.25
Q2 2018	18.30	18.30	1.23
Q3 2018	29.58	29.58	1.03
Q4 2018	NEG	NEG	1.31
Q1 2019	NEG	NEG	1.36
Q2 2019	NEG	NEG	1.31
Q3 2019	NEG	NEG	1.41
Q4 2019	36.18	71.30	1.54
Q1 2020	24.86	32.12	1.04
Q2 2020	19.94	26.15	1.19
Q3 2020	17.23	21.92	1.65
Q4 2020	16.53	16.88	2.15
Q1 2021	16.74	18.13	2.80
Q2 2021	16.84	17.53	3.28
Q3 2021	16.71	16.81	3.52
Q4 2021	12.35	12.74	2.84
Q1 2022	11.13	11.47	2.52
Q2 2022	9.54	9.83	2.06
Q3 2022	11.91	12.27	2.57
Q4 2022	10.81	10.81	2.04
Q1 2023	11.51	11.51	1.97
Q2 2023	17.06	17.73	2.46
Q3 2023	15.24	16.21	2.23

Period	P/E	Adjusted P/E	Price/book
2013	18.88	17.40	4.45
2014	13.46	14.41	3.13
2015	15.89	15.89	1.83
2016	11.87	11.87	1.67
2017	14.80	14.80	1.25
2018	NEG	NEG	1.31
2019	36.18	71.30	1.54
2020	16.53	16.88	2.15
2021	12.35	12.74	2.84
2022	10.81	10.81	2.04

Business Segments (Million)

Compared With The

Period	Steel and Wood	Electrical products	Plastic	concrete	Iron Industry	Wood	Others
Q1 2014	-	214.90	-	49.87	354.48	154.23	-
Q2 2014	-	213.59	-	48.86	330.29	165.73	-
Q3 2014	-	140.24	-	38.50	243.33	191.69	-
Q4 2014	-	119.18	-	53.22	316.65	165.44	-
Q1 2015	-	90.02	-	57.09	330.33	184.08	-
Q2 2015	-	113.47	-	51.96	301.33	179.29	-
Q3 2015	-	119.82	-	46.97	215.28	164.41	-
Q4 2015	-	146.98	-	51.18	200.32	151.46	-
Q1 2016	398.15	161.52	-	51.52	-	-	-
Q2 2016	406.92	184.17	-	51.57	-	-	-
Q3 2016	325.99	165.20	-	43.83	-	-	-
Q4 2016	365.21	116.84	-	47.70	-	-	-
Q1 2017	390.68	110.76	-	48.56	-	-	-
Q2 2017	337.01	94.47	-	44.18	-	-	-
Q3 2017	400.03	63.71	-	43.20	-	-	-
Q4 2017	455.36	91.42	-	49.38	-	-	-
Q1 2018	408.92	75.86	-	37.58	-	-	-
Q2 2018	366.07	67.85	-	31.85	-	-	-
Q3 2018	344.77	59.99	-	39.06	-	-	-
Q4 2018	417.37	58.45	-	45.70	-	-	-
Q1 2019	404.71	66.12	75.71	50.27	-	-	-
Q2 2019	323.14	68.05	82.88	45.10	-	-	-
Q3 2019	332.42	67.62	75.16	50.39	-	-	-
Q4 2019	403.10	59.25	76.31	55.01	-	-	-
Q1 2020	450.93	72.47	73.18	47.57	-	-	-
Q2 2020	350.47	78.94	56.95	34.55	-	-	-
Q3 2020	343.45	94.27	63.06	48.00	-	-	-
Q4 2020	495.11	96.22	69.70	48.43	-	-	-
Q1 2021	601.67	136.63	81.02	42.80	-	-	-
Q2 2021	552.98	118.87	86.38	30.59	-	-	-
Q3 2021	499.75	103.52	81.64	42.52	-	-	-
Q4 2021	584.15	89.85	115.91	59.13	-	-	-
Q1 2022	618.82	179.63	94.66	57.32	-	-	-
Q2 2022	564.05	139.59	94.62	-	-	-	-
Q3 2022	594.44	129.11	89.41	-	-	-	-
Q4 2022	612.18	160.32	87.45	-	-	-	-
Q1 2023	591.51	206.48	94.47	-	-	-	-
Q2 2023	519.62	165.81	82.66	-	-	-	-
Q3 2023	588.62	161.50	81.89	-	-	-	-

Period	Steel and Wood	Electrical products	Plastic	concrete	Iron Industry	Wood	Others
2013	-	663.65	-	183.19	1,023.13	578.49	-
2014	-	687.90	-	190.46	1,244.75	677.10	-
2015	-	470.28	-	207.20	1,047.26	679.24	-
2016	1,496.26	627.73	-	194.63	-	-	-
2017	1,583.08	360.35	-	185.32	-	-	-
2018	1,537.12	262.14	-	154.20	-	-	-
2019	1,463.37	261.03	310.06	200.77	-	-	-
2020	1,639.94	341.90	262.88	178.56	-	-	-
2021	2,238.55	448.87	364.95	175.04	-	-	-
2022	2,389.48	608.64	366.13	-	-	-	-

Analysts Estimates (Million)

Item	Q3 2023 (e)	Q3 2023 (a)	Change‬
Average	32.82	40.10	22.19 %

Estimates vs Actual (Million)

Item	Q3 2023 (e)	Q3 2023 (a)	Change
OSOOL AND BAKHEET	35.64	40.10	12.5 %
Al Rajhi Capital	30.00	40.10	33.7 %

Financial Ratios

	Current
Market Cap (M Riyal)	2,910.00
Enterprise Value (EV) (M)	3,297.79
Shares Outstanding ((M))	60.00
EPS ( Riyal) (TTM)	1.87
Book Value (BV) ( Riyal)	14.96
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	25.96
P/E (TTM)	25.96
Price/book	3.24
Return on Average Assets (%) (TTM)	5.4
Return on Average Equity (%) (TTM)	12.6

Bawan Co. (BAWAN)

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Bawan 9M 2023 profit down 25% to SAR 99.7 mln; Q3 at SAR 40.1 mln

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Financials (M)

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Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million)

Revenue by Business Segment (Latest) 2023 Q3

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

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Bawan 9M 2023 profit down 25% to SAR 99.7 mln; Q3 at SAR 40.1 mln

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Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q3 2023

Revenue by Business Segment (Latest) 2023 Q3

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Bawan Co. (BAWAN)

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Business Segments (Million)