Farm Superstores 9M 2024 profit jumps to SAR 20.5M; Q3 at SAR 7.1M

Farm Superstores 9M 2024 profit jumps to SAR 20.5M; Q3 at SAR 7.1M

10/11/2024 Argaam Exclusive

View other reports

Saudi Marketing Co. (Farm Superstores) reported a rise in net profit to SAR 20.5 million in the first nine months of 2024 from SAR 18.7 million a year earlier.



Financials (M)

Item 9m 2023 9m 2024 Change‬
Revenues 1,358.42 1,366.08 0.6 %
Gross Income 409.77 431.64 5.3 %
Operating Income 56.56 72.29 27.8 %
Net Income 18.72 20.47 9.3 %
Average Shares 45.00 45.00 -
EPS (Riyals) 0.42 0.45 9.3 %

During the period, revenues rose by SAR 7.7 million year-on-year (YoY), driven by growth in the entertainment segment and increased revenue from Farm Superstores branches.

 

In addition, gross profit for the current period grew by SAR 21.9 million YoY.



Current Quarter Comparison (M)

Compared With The
Item Q3 2023 Q3 2024 Change‬
Revenues 429.26 449.15 4.6 %
Gross Income 138.64 145.08 4.6 %
Operating Income 17.08 23.13 35.4 %
Net Income 4.89 7.09 45.1 %
Average Shares 45.00 45.00 -
EPS (Riyals) 0.11 0.16 45.1 %

In Q3 2024, the company recorded a net profit of SAR 7.1 million, an increase of 45% from SAR 4.9 million in the year-earlier period.

 

The third-quarter bottom line rose by 8.6% from SAR 6.53 million in Q2 2024.

 

Total shareholders’ equity, after minority interest, stood at SAR 681.26 million as of Sept. 30, 2024, up from SAR 655.17 million in the prior-year period.

View More Financial Results

 


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
Q1 2015 455.49 12.5 % 104.58 12.2 % 32.61 16.0 %
Q2 2015 513.81 8.1 % 123.00 19.1 % 34.21 16.5 %
Q3 2015 448.70 9.5 % 120.48 16.0 % 36.39 36.4 %
Q4 2015 474.32 5.2 % 108.13 5.1 % 16.62 (40.7 %)
Q1 2016 482.23 5.9 % 112.15 7.2 % 28.73 (11.9 %)
Q2 2016 524.82 2.1 % 130.10 5.8 % 28.69 (16.1 %)
Q3 2016 433.06 (3.5 %) 120.16 (0.3 %) 26.35 (27.6 %)
Q4 2016 490.53 3.4 % 102.79 (4.9 %) 20.73 24.8 %
Q1 2017 491.47 1.9 % 127.34 13.5 % 25.79 (10.2 %)
Q2 2017 516.42 (1.6 %) 127.70 (1.8 %) 23.86 (16.8 %)
Q3 2017 419.50 (3.1 %) 114.68 (4.6 %) 10.37 (60.6 %)
Q4 2017 178.50 (63.6 %) 72.65 (29.3 %) 1.51 (92.7 %)
Q1 2018 374.45 (23.8 %) 113.05 (11.2 %) 11.13 (56.8 %)
Q2 2018 400.89 (22.4 %) 93.72 (26.6 %) (15.93) (166.7 %)
Q3 2018 382.67 (8.8 %) 111.73 (2.6 %) 1.87 (82.0 %)
Q4 2018 405.90 127.4 % 124.47 71.3 % 10.15 572.9 %
Q1 2019 389.42 4.0 % 116.62 3.1 % 10.72 (3.7 %)
Q2 2019 402.51 0.4 % 115.51 23.3 % 12.51 178.6 %
Q3 2019 381.24 (0.4 %) 118.84 6.4 % 17.34 828.4 %
Q4 2019 407.75 0.5 % 123.37 (0.9 %) 24.93 145.7 %
Q1 2020 462.08 18.7 % 119.36 2.4 % 19.09 78.1 %
Q2 2020 566.40 40.7 % 132.04 14.3 % 28.03 124.0 %
Q3 2020 409.30 7.4 % 116.73 (1.8 %) 16.04 (7.5 %)
Q4 2020 425.50 4.4 % 113.07 (8.4 %) 11.78 (52.8 %)
Q1 2021 417.46 (9.7 %) 117.47 (1.6 %) 12.77 (33.1 %)
Q2 2021 417.05 (26.4 %) 119.47 (9.5 %) 14.38 (48.7 %)
Q3 2021 394.94 (3.5 %) 120.41 3.2 % 10.27 (36.0 %)
Q4 2021 421.96 (0.8 %) 129.53 14.6 % 16.62 41.1 %
Q1 2022 438.79 5.1 % 121.36 3.3 % 13.31 4.2 %
Q2 2022 452.41 8.5 % 127.89 7.1 % 15.54 8.1 %
Q3 2022 430.48 9.0 % 129.57 7.6 % 13.66 33.1 %
Q4 2022 477.00 13.0 % 137.77 6.4 % 26.19 57.6 %
Q1 2023 479.94 9.4 % 136.89 12.8 % 20.46 53.7 %
Q2 2023 449.22 (0.7 %) 134.24 5.0 % 19.01 22.3 %
Q3 2023 429.26 (0.3 %) 138.64 7.0 % 17.08 25.0 %
Q4 2023 454.99 (4.6 %) 137.51 (0.2 %) 20.98 (19.9 %)
Q1 2024 476.87 (0.6 %) 140.62 2.7 % 20.67 1.0 %
Q2 2024 440.06 (2.0 %) 145.94 8.7 % 28.49 49.8 %
Q3 2024 449.15 4.6 % 145.08 4.6 % 23.13 35.4 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
Q1 2015 29.08 5.6 % 0.65 - 29.08 0.65
Q2 2015 32.83 12.7 % 0.73 - 32.83 0.73
Q3 2015 28.95 17.2 % 0.64 (3.68) 32.63 0.73
Q4 2015 16.28 (29.5 %) 0.36 0.93 15.36 0.34
Q1 2016 25.45 (12.5 %) 0.57 - 25.45 0.57
Q2 2016 27.17 (17.2 %) 0.60 - 27.17 0.60
Q3 2016 23.19 (19.9 %) 0.52 - 23.19 0.52
Q4 2016 16.84 3.4 % 0.37 - 16.84 0.37
Q1 2017 22.53 (11.5 %) 0.50 - 22.53 0.50
Q2 2017 20.35 (25.1 %) 0.45 - 20.35 0.45
Q3 2017 7.21 (68.9 %) 0.16 - 7.21 0.16
Q4 2017 (43.36) (357.4 %) (0.96) (41.15) (2.21) (0.05)
Q1 2018 13.68 (39.3 %) 0.30 - 13.68 0.30
Q2 2018 (11.27) (155.4 %) (0.25) - (11.27) (0.25)
Q3 2018 3.54 (50.9 %) 0.08 - 3.54 0.08
Q4 2018 (2.17) 95.0 % (0.05) 3.79 (5.95) (0.13)
Q1 2019 (2.60) (119.0 %) (0.06) - (2.60) (0.06)
Q2 2019 3.78 133.5 % 0.08 - 3.78 0.08
Q3 2019 4.54 28.3 % 0.10 - 4.54 0.10
Q4 2019 4.55 309.9 % 0.10 - 4.55 0.10
Q1 2020 8.12 412.1 % 0.18 - 8.12 0.18
Q2 2020 19.19 408.3 % 0.43 - 19.19 0.43
Q3 2020 7.41 63.3 % 0.16 - 7.41 0.16
Q4 2020 4.05 (11.0 %) 0.09 - 4.05 0.09
Q1 2021 4.26 (47.5 %) 0.09 - 4.26 0.09
Q2 2021 4.52 (76.5 %) 0.10 - 4.52 0.10
Q3 2021 3.50 (52.8 %) 0.08 - 3.50 0.08
Q4 2021 8.50 110.0 % 0.19 - 8.50 0.19
Q1 2022 6.17 44.9 % 0.14 - 6.17 0.14
Q2 2022 5.38 19.1 % 0.12 - 5.38 0.12
Q3 2022 4.52 29.3 % 0.10 - 4.52 0.10
Q4 2022 6.75 (20.6 %) 0.15 - 6.75 0.15
Q1 2023 7.45 20.6 % 0.17 - 7.45 0.17
Q2 2023 6.39 18.7 % 0.14 - 6.39 0.14
Q3 2023 4.89 8.1 % 0.11 - 4.89 0.11
Q4 2023 3.07 (54.5 %) 0.07 - 3.07 0.07
Q1 2024 6.85 (8.0 %) 0.15 (2.00) 8.85 0.20
Q2 2024 6.53 2.2 % 0.15 (8.40) 14.93 0.33
Q3 2024 7.09 45.1 % 0.16 (4.20) 11.29 0.25

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2015 23.14 % 8.40 % 5.92 %
Q2 2015 23.73 % 8.60 % 6.00 %
Q3 2015 24.13 % 9.07 % 6.29 %
Q4 2015 24.11 % 8.39 % 5.81 %
Q1 2016 24.17 % 8.14 % 5.54 %
Q2 2016 24.40 % 7.86 % 5.21 %
Q3 2016 24.58 % 7.47 % 4.76 %
Q4 2016 24.10 % 7.68 % 4.80 %
Q1 2017 24.76 % 7.56 % 4.63 %
Q2 2017 24.75 % 7.44 % 4.29 %
Q3 2017 24.64 % 6.76 % 3.49 %
Q4 2017 27.55 % 9.61 % 2.98 %
Q1 2018 28.75 % 9.43 % 2.62 %
Q2 2018 28.70 % 7.25 % 0.54 %
Q3 2018 29.27 % 6.81 % 0.28 %
Q4 2018 28.32 % 4.11 % 0.00 %
Q1 2019 28.28 % 5.12 % (1.03 %)
Q2 2019 29.63 % 8.06 % (0.08 %)
Q3 2019 30.11 % 9.99 % (0.02 %)
Q4 2019 30.00 % 11.41 % 0.65 %
Q1 2020 28.85 % 11.40 % 1.27 %
Q2 2020 27.16 % 11.23 % 2.00 %
Q3 2020 26.63 % 11.09 % 2.13 %
Q4 2020 25.83 % 10.20 % 2.08 %
Q1 2021 26.35 % 10.07 % 1.92 %
Q2 2021 27.96 % 10.18 % 1.21 %
Q3 2021 28.42 % 9.91 % 0.99 %
Q4 2021 29.48 % 10.35 % 1.26 %
Q1 2022 29.34 % 10.26 % 1.36 %
Q2 2022 29.23 % 10.08 % 1.38 %
Q3 2022 29.16 % 10.08 % 1.41 %
Q4 2022 28.72 % 10.56 % 1.27 %
Q1 2023 28.92 % 10.81 % 1.31 %
Q2 2023 29.32 % 11.11 % 1.37 %
Q3 2023 29.83 % 11.41 % 1.39 %
Q4 2023 30.18 % 11.45 % 1.20 %
Q1 2024 30.44 % 11.59 % 1.28 %
Q2 2024 31.24 % 12.22 % 1.76 %
Q3 2024 31.25 % 12.49 % 2.09 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2015 45.00 2.36 2.36 11.68
Q2 2015 45.00 2.44 2.44 11.25
Q3 2015 45.00 2.53 2.61 11.89
Q4 2015 45.00 2.38 2.44 12.22
Q1 2016 45.00 2.30 2.36 12.63
Q2 2016 45.00 2.17 2.24 13.24
Q3 2016 45.00 2.05 2.03 13.75
Q4 2016 45.00 2.06 2.06 14.09
Q1 2017 45.00 1.99 1.99 14.59
Q2 2017 45.00 1.84 1.84 14.04
Q3 2017 45.00 1.49 1.49 14.20
Q4 2017 45.00 0.15 1.06 13.19
Q1 2018 45.00 (0.05) 0.87 14.68
Q2 2018 45.00 (0.75) 0.16 13.67
Q3 2018 45.00 (0.83) 0.08 13.74
Q4 2018 45.00 0.08 0.00 12.63
Q1 2019 45.00 (0.28) (0.36) 12.58
Q2 2019 45.00 0.06 (0.03) 12.66
Q3 2019 45.00 0.08 (0.01) 12.76
Q4 2019 45.00 0.23 0.23 12.82
Q1 2020 45.00 0.47 0.47 13.00
Q2 2020 45.00 0.81 0.81 13.43
Q3 2020 45.00 0.87 0.87 13.59
Q4 2020 45.00 0.86 0.86 13.66
Q1 2021 45.00 0.78 0.78 13.76
Q2 2021 45.00 0.45 0.45 13.86
Q3 2021 45.00 0.36 0.36 13.94
Q4 2021 45.00 0.46 0.46 14.11
Q1 2022 45.00 0.50 0.50 14.25
Q2 2022 45.00 0.52 0.52 14.36
Q3 2022 45.00 0.55 0.55 14.46
Q4 2022 45.00 0.51 0.51 14.64
Q1 2023 45.00 0.54 0.54 14.81
Q2 2023 45.00 0.56 0.56 14.45
Q3 2023 45.00 0.57 0.57 14.56
Q4 2023 45.00 0.48 0.48 14.68
Q1 2024 45.00 0.47 0.52 14.84
Q2 2024 45.00 0.47 0.71 14.98
Q3 2024 45.00 0.52 0.85 15.14

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2015 24.69 24.69 4.98
Q2 2015 24.25 24.25 5.26
Q3 2015 20.03 19.40 4.27
Q4 2015 20.10 19.60 3.92
Q1 2016 16.72 16.29 3.04
Q2 2016 19.46 18.92 3.20
Q3 2016 10.94 11.05 1.63
Q4 2016 15.51 15.51 2.27
Q1 2017 15.43 15.43 2.11
Q2 2017 15.44 15.44 2.03
Q3 2017 18.19 18.19 1.90
Q4 2017 More than 100 22.04 1.78
Q1 2018 NEG 26.44 1.56
Q2 2018 NEG More than 100 1.59
Q3 2018 NEG More than 100 1.26
Q4 2018 More than 100 NEG 1.29
Q1 2019 NEG NEG 1.43
Q2 2019 More than 100 NEG 1.23
Q3 2019 More than 100 NEG 1.22
Q4 2019 70.10 70.10 1.25
Q1 2020 35.14 35.14 1.26
Q2 2020 27.50 27.50 1.66
Q3 2020 34.38 34.38 2.21
Q4 2020 37.26 37.26 2.35
Q1 2021 47.57 47.57 2.68
Q2 2021 87.39 87.39 2.84
Q3 2021 98.56 98.56 2.57
Q4 2021 62.39 62.39 2.04
Q1 2022 55.54 55.54 1.97
Q2 2022 40.70 40.70 1.48
Q3 2022 42.67 42.67 1.61
Q4 2022 35.88 35.88 1.24
Q1 2023 42.57 42.57 1.54
Q2 2023 50.19 50.19 1.94
Q3 2023 40.81 40.81 1.59
Q4 2023 46.88 46.88 1.55
Q1 2024 57.54 52.57 1.83
Q2 2024 48.76 32.78 1.54
Q3 2024 46.46 28.67 1.61

Business Segments (Million)

Compared With The
Period Retail sector Home appliances Hospitality and Leisure
Q1 2018 361.66 2.60 10.19
Q2 2018 386.56 3.26 11.07
Q3 2018 369.39 2.56 10.71
Q4 2018 394.22 2.42 9.26
Q1 2019 375.00 5.39 9.03
Q2 2019 387.69 4.86 9.96
Q3 2019 368.52 2.34 10.39
Q4 2019 397.04 2.37 8.33
Q1 2020 453.22 2.29 6.58
Q2 2020 563.98 2.35 0.06
Q3 2020 403.32 1.29 4.68
Q4 2020 415.29 2.84 7.37
Q1 2021 409.21 3.03 5.22
Q2 2021 406.70 1.98 8.37
Q3 2021 382.22 1.44 11.27
Q4 2021 407.90 2.90 11.16
Q1 2022 423.28 2.87 12.64
Q2 2022 435.91 2.35 14.15
Q3 2022 413.36 0.91 16.21
Q4 2022 458.12 1.70 17.19
Q1 2023 462.31 1.89 15.73
Q2 2023 426.10 1.42 21.70
Q3 2023 405.55 1.55 22.16
Q4 2023 436.87 1.61 16.50
Q1 2024 457.47 2.19 17.21
Q2 2024 414.73 0.68 24.65
Q3 2024 423.89 0.57 24.70


Financial Ratios
Current
Market Cap (M Riyal) 991.80
Enterprise Value (EV) (M) 1,562.14
Shares Outstanding ((M)) 45.00
EPS ( Riyal) (TTM) 0.52
Book Value (BV) ( Riyal) 15.14
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 26.01
P/E (TTM) 42.14
Price/book 1.46
Return on Average Assets (%) (TTM) 1.0
Return on Average Equity (%) (TTM) 3.5
more

Share Price

Saudi Marketing Co.
22.04
0.08 0.36 %

Saudi Marketing Co. (FARM SUPERSTORES)

More

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.