Care H1 2024 profit up 45% to SAR 150.8M; Q2 at SAR 69.5M

01/08/2024 Argaam Exclusive

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National Medical Care Co. reported a net profit of SAR 150.8 million for H1 2024, up 45% compared to SAR 104.1 million in the prior-year period.

Financials (M)

Item	6m 2023	6m 2024	Change‬
Revenues	506.59	595.38	17.5 %
Gross Income	171.22	218.35	27.5 %
Operating Income	112.58	134.23	19.2 %
Net Income	104.06	150.78	44.9 %
Average Shares	44.85	44.85	-
EPS (Riyals)	2.32	3.36	44.9 %

The profit increase is driven by a higher volume of business from the General Organization for Social Insurance (GOSI), Ministry of Health, insurance, and direct contracts, resulting in higher inpatient and outpatient revenue.

There was a 3% year-on-year (YoY) growth in total patient count.

The company also reported revenue growth, which was supported by the integration of new facilities acquired after the end of the period.

Meanwhile, the lower cost of sales to revenue ratio, resulted in improved costs absorption.

Gross profit improved by 28%, due to higher revenue and lower cost-of-sale margin, resulting in a gross profit margin of 36.7% versus 33.8% in the similar period last year.

Care registered higher other income and favorable Zakat expenses due to final assessments issued for 2019-2020. The assessments were finalized as the appellate process was completed and decisions was in favor of the company, resulting in reversal of provisions made in previous years.

The above gains were partially offset by higher marketing expenses due to strong digital media marketing campaigns to improve market presence and reach a larger audience and increased costs of expected credit loss provisions due to adjusted economic indicators and slower recovery rates in the current period.

The profit was also offset by higher general and administrative expenses and lower finance income due to lower daily average deposits.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2023	Q2 2024	Change‬
Revenues	245.19	296.82	21.1 %
Gross Income	81.34	108.16	33.0 %
Operating Income	54.10	63.18	16.8 %
Net Income	47.80	69.50	45.4 %
Average Shares	44.85	44.85	-
EPS (Riyals)	1.07	1.55	45.4 %

Item	Q1 2024	Q2 2024	Change‬
Revenues	298.56	296.82	(0.6 %)
Gross Income	110.20	108.16	(1.9 %)
Operating Income	71.05	63.18	(11.1 %)
Net Income	81.29	69.50	(14.5 %)
Average Shares	44.85	44.85	-
EPS (Riyals)	1.81	1.55	(14.5 %)

The company’s Q2 2024 net profit rose 45% to SAR 69.50 million from SAR 47.80 million a year earlier.

On a sequential basis, Q2 net profit fell 14.5% from SAR 81.29 million.

Total shareholders’ equity, no minority interest, stood at SAR 1.50 billion by the end of H1 2024, up from SAR 1.32 billion in the year-earlier period.

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Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2015	219.43	20.7 %	54.12	25.9 %	29.12	(6.4 %)
Q2 2015	227.86	26.8 %	64.96	15.4 %	38.75	29.4 %
Q3 2015	210.78	18.8 %	50.78	26.5 %	27.13	47.3 %
Q4 2015	220.60	13.1 %	50.34	33.0 %	33.70	175.6 %
2015	878.67	19.7 %	220.20	24.2 %	128.69	38.9 %
Q1 2016	253.94	15.7 %	67.29	24.3 %	35.04	20.3 %
Q2 2016	259.77	14.0 %	84.30	29.8 %	61.24	58.0 %
Q3 2016	197.01	(6.5 %)	50.54	(0.5 %)	27.99	3.2 %
Q4 2016	189.94	(13.9 %)	4.86	(90.3 %)	(44.59)	(232.3 %)
2016	900.65	2.5 %	206.99	(6.0 %)	94.75	(26.4 %)
Q1 2017	202.44	(20.3 %)	41.19	(38.8 %)	14.04	(59.9 %)
Q2 2017	216.54	(16.6 %)	50.25	(40.4 %)	20.01	(67.3 %)
Q3 2017	208.34	5.8 %	46.97	(7.1 %)	26.33	(5.9 %)
Q4 2017	227.76	19.9 %	57.00	1072.0 %	29.59	166.4 %
2017	855.08	(5.1 %)	195.40	(5.6 %)	89.97	(5.1 %)
Q1 2018	206.67	2.1 %	51.73	25.6 %	28.41	102.4 %
Q2 2018	199.05	(8.1 %)	49.59	(1.3 %)	23.40	17.0 %
Q3 2018	176.40	(15.3 %)	33.17	(29.4 %)	13.16	(50.0 %)
Q4 2018	181.69	(20.2 %)	32.02	(43.8 %)	14.93	(49.6 %)
2018	763.80	(10.7 %)	166.51	(14.8 %)	79.90	(11.2 %)
Q1 2019	179.43	(13.2 %)	48.01	(7.2 %)	30.31	6.7 %
Q2 2019	169.94	(14.6 %)	38.26	(22.8 %)	15.56	(33.5 %)
Q3 2019	173.51	(1.6 %)	40.11	20.9 %	19.63	49.2 %
Q4 2019	185.52	2.1 %	39.27	22.6 %	22.88	53.3 %
2019	708.39	(7.3 %)	165.66	(0.5 %)	88.37	10.6 %
Q1 2020	195.02	8.7 %	52.22	8.8 %	36.28	19.7 %
Q2 2020	186.04	9.5 %	58.87	53.9 %	29.77	91.4 %
Q3 2020	213.31	22.9 %	51.06	27.3 %	22.70	15.6 %
Q4 2020	214.60	15.7 %	61.73	57.2 %	25.36	10.9 %
2020	808.95	14.2 %	223.88	35.1 %	114.11	29.1 %
Q1 2021	214.19	9.8 %	63.64	21.9 %	42.18	16.3 %
Q2 2021	202.49	8.8 %	57.77	(1.9 %)	37.59	26.3 %
Q3 2021	213.11	(0.1 %)	63.08	23.5 %	39.80	75.3 %
Q4 2021	215.59	0.5 %	61.98	0.4 %	36.65	44.5 %
2021	845.38	4.5 %	246.47	10.1 %	156.22	36.9 %
Q1 2022	211.48	(1.3 %)	61.44	(3.5 %)	35.17	(16.6 %)
Q2 2022	216.49	6.9 %	66.80	15.6 %	45.95	22.2 %
Q3 2022	238.28	11.8 %	82.71	31.1 %	49.06	23.3 %
Q4 2022	251.69	16.7 %	78.74	27.0 %	58.74	60.3 %
2022	917.94	8.6 %	289.68	17.5 %	188.92	20.9 %
Q1 2023	261.40	23.6 %	89.88	46.3 %	58.48	66.3 %
Q2 2023	245.19	13.3 %	81.34	21.8 %	54.10	17.7 %
Q3 2023	275.36	15.6 %	91.78	11.0 %	73.90	50.6 %
Q4 2023	299.84	19.1 %	106.64	35.4 %	56.21	(4.3 %)
2023	1,081.78	17.8 %	369.63	27.6 %	242.70	28.5 %
Q1 2024	298.56	14.2 %	110.20	22.6 %	71.05	21.5 %
Q2 2024	296.82	21.1 %	108.16	33.0 %	63.18	16.8 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2014	733.99	25.2 %	177.27	36.3 %	92.67	1.2 %
2015	878.67	19.7 %	220.20	24.2 %	128.69	38.9 %
2016	900.65	2.5 %	206.99	(6.0 %)	94.75	(26.4 %)
2017	855.08	(5.1 %)	195.40	(5.6 %)	89.97	(5.1 %)
2018	763.80	(10.7 %)	166.51	(14.8 %)	79.90	(11.2 %)
2019	708.39	(7.3 %)	165.66	(0.5 %)	88.37	10.6 %
2020	808.95	14.2 %	223.88	35.1 %	114.11	29.1 %
2021	845.38	4.5 %	246.47	10.1 %	156.22	36.9 %
2022	917.94	8.6 %	289.68	17.5 %	188.92	20.9 %
2023	1,081.78	17.8 %	369.63	27.6 %	242.70	28.5 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2015	27.72	(14.4 %)	0.62	-	27.72	0.62
Q2 2015	42.29	36.1 %	0.94	-	42.29	0.94
Q3 2015	25.47	22.7 %	0.57	-	25.47	0.57
Q4 2015	35.24	242.7 %	0.79	-	35.24	0.79
2015	130.72	36.9 %	2.91	-	130.72	2.91
Q1 2016	33.12	19.5 %	0.74	-	33.12	0.74
Q2 2016	59.29	40.2 %	1.32	-	59.29	1.32
Q3 2016	27.55	8.2 %	0.61	-	27.55	0.61
Q4 2016	(69.69)	(297.8 %)	(1.55)	(33.75)	(35.95)	(0.80)
2016	50.27	(61.5 %)	1.12	(33.75)	84.02	1.87
Q1 2017	15.54	(53.1 %)	0.35	-	15.54	0.35
Q2 2017	19.50	(67.1 %)	0.43	-	19.50	0.43
Q3 2017	27.00	(2.0 %)	0.60	-	27.00	0.60
Q4 2017	23.26	133.4 %	0.52	(1.24)	24.50	0.55
2017	85.30	69.7 %	1.90	(1.24)	86.54	1.93
Q1 2018	25.60	64.8 %	0.57	-	25.60	0.57
Q2 2018	20.26	3.9 %	0.45	-	20.26	0.45
Q3 2018	11.44	(57.6 %)	0.26	-	11.44	0.26
Q4 2018	4.87	(79.1 %)	0.11	-	4.87	0.11
2018	62.18	(27.1 %)	1.39	-	62.18	1.39
Q1 2019	29.99	17.1 %	0.67	-	29.99	0.67
Q2 2019	13.81	(31.8 %)	0.31	-	13.81	0.31
Q3 2019	16.64	45.4 %	0.37	-	16.64	0.37
Q4 2019	19.64	303.2 %	0.44	-	19.64	0.44
2019	80.09	28.8 %	1.79	-	80.09	1.79
Q1 2020	33.17	10.6 %	0.74	-	33.17	0.74
Q2 2020	25.78	86.6 %	0.57	-	25.78	0.57
Q3 2020	16.32	(1.9 %)	0.36	-	16.32	0.36
Q4 2020	22.00	12.0 %	0.49	-	22.00	0.49
2020	97.27	21.4 %	2.17	-	97.27	2.17
Q1 2021	35.73	7.7 %	0.80	-	35.73	0.80
Q2 2021	30.74	19.2 %	0.69	-	30.74	0.69
Q3 2021	33.17	103.2 %	0.74	-	33.17	0.74
Q4 2021	36.71	66.9 %	0.82	-	36.71	0.82
2021	136.36	40.2 %	3.04	-	136.36	3.04
Q1 2022	30.00	(16.0 %)	0.67	-	30.00	0.67
Q2 2022	42.01	36.7 %	0.94	-	42.01	0.94
Q3 2022	42.62	28.5 %	0.95	-	42.62	0.95
Q4 2022	55.45	51.0 %	1.24	-	55.45	1.24
2022	170.07	24.7 %	3.79	-	170.07	3.79
Q1 2023	56.27	87.6 %	1.25	-	56.27	1.25
Q2 2023	47.80	13.8 %	1.07	-	47.80	1.07
Q3 2023	73.38	72.2 %	1.64	-	73.38	1.64
Q4 2023	63.48	14.5 %	1.42	-	63.48	1.42
2023	240.93	41.7 %	5.37	-	240.93	5.37
Q1 2024	81.29	44.5 %	1.81	15.84	65.45	1.46
Q2 2024	69.50	45.4 %	1.55	13.17	56.32	1.26

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2014	95.46	3.2 %	2.13	-	95.46	2.13
2015	130.72	36.9 %	2.91	-	130.72	2.91
2016	50.27	(61.5 %)	1.12	(33.75)	84.02	1.87
2017	85.30	69.7 %	1.90	(1.24)	86.54	1.93
2018	62.18	(27.1 %)	1.39	-	62.18	1.39
2019	80.09	28.8 %	1.79	-	80.09	1.79
2020	97.27	21.4 %	2.17	-	97.27	2.17
2021	136.36	40.2 %	3.04	-	136.36	3.04
2022	170.07	24.7 %	3.79	-	170.07	3.79
2023	240.93	41.7 %	5.37	-	240.93	5.37

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	24.42 %	18.66 %	11.64 %
Q2 2015	24.04 %	18.90 %	12.33 %
Q3 2015	24.35 %	19.23 %	12.40 %
Q4 2015	25.06 %	21.32 %	14.88 %
2015	25.06 %	21.32 %	14.88 %
Q1 2016	25.56 %	21.44 %	14.91 %
Q2 2016	26.74 %	23.27 %	16.20 %
Q3 2016	27.11 %	23.91 %	16.67 %
Q4 2016	22.98 %	16.07 %	9.33 %
2016	22.98 %	17.75 %	9.33 %
Q1 2017	21.30 %	14.58 %	7.82 %
Q2 2017	18.22 %	10.27 %	3.31 %
Q3 2017	17.53 %	9.96 %	3.19 %
Q4 2017	22.85 %	18.52 %	10.12 %
2017	22.85 %	18.52 %	10.12 %
Q1 2018	23.97 %	20.17 %	11.24 %
Q2 2018	24.39 %	20.91 %	11.57 %
Q3 2018	23.64 %	20.41 %	10.10 %
Q4 2018	21.80 %	20.00 %	8.14 %
2018	21.80 %	20.00 %	8.14 %
Q1 2019	22.10 %	21.08 %	9.04 %
Q2 2019	21.41 %	21.09 %	8.50 %
Q3 2019	22.48 %	21.77 %	9.27 %
Q4 2019	23.38 %	22.17 %	11.31 %
2019	23.38 %	22.17 %	11.31 %
Q1 2020	23.46 %	22.32 %	11.50 %
Q2 2020	25.74 %	23.29 %	12.87 %
Q3 2020	25.83 %	22.00 %	12.17 %
Q4 2020	27.68 %	21.05 %	12.02 %
2020	27.68 %	21.05 %	12.02 %
Q1 2021	28.41 %	20.86 %	12.06 %
Q2 2021	27.73 %	21.19 %	12.41 %
Q3 2021	29.16 %	23.15 %	14.41 %
Q4 2021	29.15 %	24.41 %	16.13 %
2021	29.15 %	24.41 %	16.13 %
Q1 2022	28.99 %	23.58 %	15.50 %
Q2 2022	29.57 %	24.02 %	16.56 %
Q3 2022	30.95 %	24.24 %	17.16 %
Q4 2022	31.56 %	25.56 %	18.53 %
2022	31.56 %	25.56 %	18.53 %
Q1 2023	32.87 %	26.57 %	20.29 %
Q2 2023	33.38 %	26.76 %	20.28 %
Q3 2023	33.06 %	28.54 %	22.53 %
Q4 2023	34.17 %	27.51 %	22.27 %
2023	34.17 %	27.51 %	22.27 %
Q1 2024	34.85 %	28.22 %	22.35 %
Q2 2024	35.60 %	28.19 %	22.09 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2014	24.15 %	19.59 %	13.01 %
2015	25.06 %	21.32 %	14.88 %
2016	22.98 %	17.75 %	9.33 %
2017	22.85 %	18.52 %	10.12 %
2018	21.80 %	20.00 %	8.14 %
2019	23.38 %	22.17 %	11.31 %
2020	27.68 %	21.05 %	12.02 %
2021	29.15 %	24.41 %	16.13 %
2022	31.56 %	25.56 %	18.53 %
2023	34.17 %	27.51 %	22.27 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	24.67 %	19.55 %	12.63 %
Q2 2015	28.51 %	23.38 %	18.56 %
Q3 2015	24.09 %	19.85 %	12.09 %
Q4 2015	22.82 %	22.37 %	15.97 %
Q1 2016	26.50 %	20.19 %	13.04 %
Q2 2016	32.45 %	29.83 %	22.83 %
Q3 2016	25.65 %	22.64 %	13.99 %
Q4 2016	2.56 %	(15.05 %)	(18.93 %)
Q1 2017	20.35 %	15.00 %	7.68 %
Q2 2017	23.20 %	16.81 %	9.01 %
Q3 2017	22.54 %	20.74 %	12.96 %
Q4 2017	25.02 %	21.25 %	10.76 %
Q1 2018	25.03 %	21.90 %	12.39 %
Q2 2018	24.91 %	19.67 %	10.18 %
Q3 2018	18.81 %	18.43 %	6.49 %
Q4 2018	17.62 %	19.73 %	2.68 %
Q1 2019	26.76 %	26.61 %	16.71 %
Q2 2019	22.51 %	19.46 %	8.13 %
Q3 2019	23.12 %	21.16 %	9.59 %
Q4 2019	21.17 %	21.29 %	10.59 %
Q1 2020	26.78 %	26.82 %	17.01 %
Q2 2020	31.64 %	23.57 %	13.86 %
Q3 2020	23.94 %	16.85 %	7.65 %
Q4 2020	28.77 %	17.82 %	10.25 %
Q1 2021	29.71 %	25.54 %	16.68 %
Q2 2021	28.53 %	24.72 %	15.18 %
Q3 2021	29.60 %	24.62 %	15.57 %
Q4 2021	28.75 %	22.79 %	17.03 %
Q1 2022	29.05 %	22.23 %	14.19 %
Q2 2022	30.86 %	26.41 %	19.40 %
Q3 2022	34.71 %	25.37 %	17.89 %
Q4 2022	31.28 %	27.80 %	22.03 %
Q1 2023	34.38 %	26.61 %	21.53 %
Q2 2023	33.17 %	27.22 %	19.49 %
Q3 2023	33.33 %	32.22 %	26.65 %
Q4 2023	35.57 %	24.22 %	21.17 %
Q1 2024	36.91 %	29.36 %	21.92 %
Q2 2024	36.44 %	27.28 %	18.98 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2015	44.85	2.00	2.00	19.26
Q2 2015	44.85	2.25	2.25	18.66
Q3 2015	44.85	2.36	2.36	19.22
Q4 2015	44.85	2.91	2.91	20.01
Q1 2016	44.85	3.03	3.03	20.60
Q2 2016	44.85	3.41	3.41	21.16
Q3 2016	44.85	3.46	3.46	21.75
Q4 2016	44.85	1.12	1.87	20.18
Q1 2017	44.85	0.73	1.48	20.51
Q2 2017	44.85	(0.16)	0.59	20.93
Q3 2017	44.85	(0.17)	0.58	21.52
Q4 2017	44.85	1.90	1.93	21.98
Q1 2018	44.85	2.13	2.15	22.38
Q2 2018	44.85	2.14	2.17	21.83
Q3 2018	44.85	1.80	1.82	22.09
Q4 2018	44.85	1.39	1.39	22.23
Q1 2019	44.85	1.48	1.48	22.90
Q2 2019	44.85	1.34	1.34	22.20
Q3 2019	44.85	1.46	1.46	22.57
Q4 2019	44.85	1.79	1.79	23.03
Q1 2020	44.85	1.86	1.86	23.77
Q2 2020	44.85	2.12	2.12	22.34
Q3 2020	44.85	2.12	2.12	22.71
Q4 2020	44.85	2.17	2.17	23.12
Q1 2021	44.85	2.23	2.23	23.92
Q2 2021	44.85	2.34	2.34	23.60
Q3 2021	44.85	2.71	2.71	24.34
Q4 2021	44.85	3.04	3.04	25.07
Q1 2022	44.85	2.91	2.91	25.74
Q2 2022	44.85	3.16	3.16	25.67
Q3 2022	44.85	3.37	3.37	26.62
Q4 2022	44.85	3.79	3.79	28.17
Q1 2023	44.85	4.38	4.38	29.43
Q2 2023	44.85	4.51	4.51	29.49
Q3 2023	44.85	5.19	5.19	31.13
Q4 2023	44.85	5.37	5.37	32.41
Q1 2024	44.85	5.93	5.58	34.22
Q2 2024	44.85	6.41	5.77	33.61

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2014	44.85	2.13	2.13	18.69
2015	44.85	2.91	2.91	20.01
2016	44.85	1.12	1.87	20.18
2017	44.85	1.90	1.93	21.98
2018	44.85	1.39	1.39	22.23
2019	44.85	1.79	1.79	23.03
2020	44.85	2.17	2.17	23.12
2021	44.85	3.04	3.04	25.07
2022	44.85	3.79	3.79	28.17
2023	44.85	5.37	5.37	32.41

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2015	30.88	30.88	3.21
Q2 2015	28.44	28.44	3.44
Q3 2015	22.37	22.37	2.74
Q4 2015	19.04	19.04	2.77
Q1 2016	16.69	16.69	2.46
Q2 2016	18.71	18.71	3.02
Q3 2016	15.98	15.98	2.54
Q4 2016	58.81	35.19	3.27
Q1 2017	73.26	36.05	2.60
Q2 2017	NEG	79.11	2.25
Q3 2017	NEG	69.35	1.87
Q4 2017	22.90	22.57	1.98
Q1 2018	26.45	26.11	2.51
Q2 2018	27.67	27.32	2.72
Q3 2018	25.44	25.05	2.07
Q4 2018	36.28	36.28	2.26
Q1 2019	31.56	31.56	2.05
Q2 2019	43.34	43.34	2.62
Q3 2019	37.22	37.22	2.40
Q4 2019	27.22	27.22	2.11
Q1 2020	19.53	19.53	1.53
Q2 2020	19.83	19.83	1.88
Q3 2020	26.08	26.08	2.43
Q4 2020	24.62	24.62	2.31
Q1 2021	24.08	24.08	2.24
Q2 2021	29.10	29.10	2.88
Q3 2021	23.12	23.12	2.58
Q4 2021	20.59	20.59	2.50
Q1 2022	28.53	28.53	3.23
Q2 2022	17.07	17.07	2.10
Q3 2022	21.46	21.46	2.72
Q4 2022	19.49	19.49	2.62
Q1 2023	20.60	20.60	3.07
Q2 2023	28.53	28.53	4.36
Q3 2023	23.69	23.69	3.95
Q4 2023	32.47	32.47	5.38
Q1 2024	31.33	33.32	5.43
Q2 2024	33.21	36.94	6.34

Period	P/E	Adjusted P/E	Price/book
2014	25.77	25.77	2.94
2015	19.04	19.04	2.77
2016	58.81	35.19	3.27
2017	22.90	22.57	1.98
2018	36.28	36.28	2.26
2019	27.22	27.22	2.11
2020	24.62	24.62	2.31
2021	20.59	20.59	2.50
2022	19.49	19.49	2.62
2023	32.47	32.47	5.38

Business Segments (Million)

Compared With The

Period	Medical Services	Pharmacies
Q1 2015	184.80	34.63
Q2 2015	196.41	31.45
Q3 2015	180.37	30.41
Q4 2015	191.80	28.80
Q1 2016	220.78	33.16
Q2 2016	230.14	29.62
Q3 2016	173.08	23.93
Q4 2016	162.66	27.28
Q1 2017	176.04	26.40
Q2 2017	190.13	26.41
Q3 2017	185.07	23.27
Q4 2017	202.08	25.76
Q1 2018	183.47	23.20
Q2 2018	175.85	23.20
Q3 2018	155.67	20.74
Q4 2018	154.94	26.74
Q1 2019	157.71	21.72
Q2 2019	149.87	20.07
Q3 2019	153.76	19.76
Q4 2019	162.79	22.72
Q1 2020	170.81	24.20
Q2 2020	164.47	21.52
Q3 2020	187.44	25.56
Q4 2020	192.76	22.19
Q1 2021	188.50	25.70
Q2 2021	178.18	24.30
Q3 2021	187.54	25.57
Q4 2021	188.78	26.82
Q1 2022	169.18	42.30
Q2 2022	207.43	9.06
Q3 2022	209.69	28.59
Q4 2022	221.11	30.57
Q1 2023	230.03	31.37
Q2 2023	215.77	29.42
Q3 2023	241.54	33.83
Q4 2023	264.88	34.95
Q1 2024	262.73	35.83
Q2 2024	261.20	35.62

Period	Medical Services	Pharmacies
2014	609.97	124.03
2015	753.38	125.28
2016	786.66	113.99
2017	753.32	101.85
2018	669.93	93.87
2019	624.13	84.27
2020	715.48	93.47
2021	742.99	102.39
2022	807.41	110.52
2023	952.21	129.57

Analysts Estimates (Million)

Item	Q2 2024 (e)	Q2 2024 (a)	Change‬
Average	64.58	69.50	7.61 %

Estimates vs Actual (Million)

Item	Q2 2024 (e)	Q2 2024 (a)	Change
OSOOL AND BAKHEET	69.28	69.50	0.3 %
United Securities Company	66.00	69.50	5.3 %
YAQEEN	74.00	69.50	(6.1) %
AlJazira Capital	62.80	69.50	10.7 %
Hermes	62.00	69.50	12.1 %
Arqaam Capital	61.00	69.50	13.9 %
Al Rajhi Capital	57.00	69.50	21.9 %

Financial Ratios

	Current
Market Cap (M Riyal)	7,274.67
Enterprise Value (EV) (M)	7,259.16
Shares Outstanding ((M))	44.85
EPS ( Riyal) (TTM)	6.12
Book Value (BV) ( Riyal)	34.35
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	29.64
P/E (TTM)	26.51
Price/book	4.72
Return on Average Assets (%) (TTM)	13.3
Return on Average Equity (%) (TTM)	18.7

National Medical Care Co. (CARE)

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Care H1 2024 profit up 45% to SAR 150.8M; Q2 at SAR 69.5M

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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)

Revenue by Business Segment (Latest) 2024 Q2

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

National Medical Care Co. (CARE)

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Care H1 2024 profit up 45% to SAR 150.8M; Q2 at SAR 69.5M

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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) Q2 2024

Revenue by Business Segment (Latest) 2024 Q2

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

National Medical Care Co. (CARE)

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Business Segments (Million)