GACO swings to SAR 6.7M loss in 2023; Q4 at SAR 5.7M

31/03/2024 Argaam Exclusive

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Al Gassim Investment Holding Co. (GACO) reported a net loss of SAR 6.7 million in 2023, versus a net profit of SAR 7.1 million a year earlier.

Financials (M)

Item	2022	2023	Change‬
Revenues	10.86	10.47	(3.6 %)
Gross Income	9.14	8.95	(2.1 %)
Operating Income	14.75	(1.68)	(111.4 %)
Net Income	7.05	(6.71)	(195.2 %)
Average Shares	30.00	30.00	-
EPS (Riyals)	0.23	(0.22)	(195.2 %)

The annual results were hurt by a decline in financing income from lease contracts, which decrease year to year.

GACO also recorded an impairment loss in the value of investment properties compared to recording a refund of the impairment loss in 2022. In addition, GACO noted an increase in the value of the Zakat provision made in 2023, compared to a year earlier.

On the other hand, general and administrative expenses declined. The company also reported higher profits from revaluing financial assets at fair value, and other revenues during the current year compared to the previous year.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2022	Q4 2023	Change‬
Revenues	2.66	2.60	(2.3 %)
Gross Income	2.24	2.19	(2.0 %)
Operating Income	15.38	(2.32)	(115.1 %)
Net Income	7.94	(5.66)	(171.3 %)
Average Shares	30.00	30.00	-
EPS (Riyals)	0.26	(0.19)	(171.3 %)

Item	Q3 2023	Q4 2023	Change‬
Revenues	2.66	2.60	(2.3 %)
Gross Income	2.29	2.19	(4.3 %)
Operating Income	0.21	(2.32)	(1220.2 %)
Net Income	(2.45)	(5.66)	(131.3 %)
Average Shares	30.00	30.00	-
EPS (Riyals)	(0.08)	(0.19)	(131.3 %)

GACO turned to a net loss of SAR 5.7 million in Q4 2023, from a net profit of SAR 7.9 million in the prior-year period.

Compared to Q3 2023, net losses widened from SAR 2.45 million.

Total shareholders’ equity, no minority interest, dropped to SAR 296.36 million as of Dec. 31, 2023, from SAR 303.16 million a year earlier.

Accumulated losses reached SAR 3.6 million by the end of the 12-month period, representing 1.2% of the company’s capital.

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Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2014	8.94	(54.4 %)	(3.26)	(262.6 %)	(7.22)	(85.8 %)
Q2 2014	20.06	(1.1 %)	3.00	(7.4 %)	0.28	28.4 %
Q3 2014	14.94	(21.2 %)	0.11	115.9 %	(2.16)	38.2 %
Q4 2014	9.29	(16.5 %)	(1.19)	60.5 %	(3.00)	56.3 %
2014	53.22	(24.0 %)	(1.39)	0.2 %	(15.16)	(8.1 %)
Q1 2015	8.14	(8.9 %)	(0.78)	76.1 %	(2.80)	61.2 %
Q2 2015	14.13	(29.6 %)	2.23	(25.8 %)	(0.14)	(149.6 %)
Q3 2015	12.83	(14.1 %)	(1.76)	(1660.2 %)	(4.18)	(93.7 %)
Q4 2015	11.44	23.2 %	(0.97)	18.8 %	(4.45)	(48.2 %)
2015	46.54	(12.5 %)	(1.28)	7.4 %	(11.56)	23.7 %
Q1 2016	8.08	(0.7 %)	0.57	173.2 %	(1.95)	30.2 %
Q2 2016	5.57	(60.6 %)	3.32	49.0 %	1.33	1069.3 %
Q3 2016	4.14	(67.7 %)	2.94	266.6 %	1.27	130.4 %
Q4 2016	4.34	(62.0 %)	2.85	394.2 %	(0.24)	94.6 %
2016	22.14	(52.4 %)	9.67	853.3 %	0.40	103.5 %
Q1 2017	4.83	(40.2 %)	2.46	332.1 %	0.82	142.1 %
Q2 2017	4.37	(21.6 %)	2.48	(25.2 %)	0.58	(56.5 %)
Q3 2017	4.65	12.2 %	2.56	(12.8 %)	1.17	(7.7 %)
Q4 2017	4.02	(7.6 %)	2.46	(13.8 %)	0.93	485.5 %
2017	17.86	(19.3 %)	9.96	3.0 %	3.50	770.9 %
Q1 2018	2.97	(38.5 %)	2.53	2.7 %	1.31	59.4 %
Q2 2018	2.97	(32.0 %)	2.55	2.9 %	1.46	152.9 %
Q3 2018	3.24	(30.3 %)	2.80	9.5 %	1.87	59.6 %
Q4 2018	2.97	(26.0 %)	2.54	3.5 %	(10.79)	(1261.2 %)
2018	12.16	(31.9 %)	10.42	4.6 %	(6.15)	(275.5 %)
Q1 2019	2.92	(1.6 %)	2.53	0.0 %	9.47	622.9 %
Q2 2019	2.92	(1.6 %)	2.46	(3.8 %)	1.50	2.3 %
Q3 2019	3.22	(0.4 %)	2.77	(1.2 %)	1.39	(25.5 %)
Q4 2019	2.92	(1.6 %)	2.54	(0.1 %)	(42.04)	(289.7 %)
2019	12.00	(1.3 %)	10.29	(1.3 %)	(29.68)	(383.0 %)
Q1 2020	2.87	(1.7 %)	2.48	(1.8 %)	0.87	(90.8 %)
Q2 2020	2.87	(1.7 %)	2.46	0.1 %	1.40	(6.7 %)
Q3 2020	2.96	(8.3 %)	2.56	(7.6 %)	1.57	12.6 %
Q4 2020	2.96	1.1 %	2.41	(5.1 %)	(7.70)	81.7 %
2020	11.66	(2.8 %)	9.91	(3.7 %)	(3.86)	87.0 %
Q1 2021	2.82	(2.0 %)	2.36	(4.8 %)	(0.25)	(128.9 %)
Q2 2021	2.82	(1.9 %)	2.38	(3.2 %)	(0.19)	(113.6 %)
Q3 2021	2.92	(1.3 %)	2.48	(3.1 %)	0.38	(75.8 %)
Q4 2021	2.82	(4.6 %)	2.36	(2.1 %)	7.72	200.2 %
2021	11.37	(2.4 %)	9.58	(3.3 %)	7.65	298.1 %
Q1 2022	2.66	(5.4 %)	2.22	(5.9 %)	(0.72)	(186.9 %)
Q2 2022	2.66	(5.5 %)	2.24	(6.0 %)	(0.14)	24.7 %
Q3 2022	2.87	(1.6 %)	2.45	(1.3 %)	0.24	(37.1 %)
Q4 2022	2.66	(5.5 %)	2.24	(5.1 %)	15.38	99.3 %
2022	10.86	(4.5 %)	9.14	(4.6 %)	14.75	92.8 %
Q1 2023	2.60	(2.3 %)	2.24	0.7 %	(0.08)	89.2 %
Q2 2023	2.60	(2.3 %)	2.23	(0.2 %)	0.44	409.9 %
Q3 2023	2.66	(7.3 %)	2.29	(6.3 %)	0.21	(13.1 %)
Q4 2023	2.60	(2.3 %)	2.19	(2.0 %)	(2.32)	(115.1 %)
2023	10.47	(3.6 %)	8.95	(2.1 %)	(1.68)	(111.4 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2014	53.22	(24.0 %)	(1.39)	0.2 %	(15.16)	(8.1 %)
2015	46.54	(12.5 %)	(1.28)	7.4 %	(11.56)	23.7 %
2016	22.14	(52.4 %)	9.67	853.3 %	0.40	103.5 %
2017	17.86	(19.3 %)	9.96	3.0 %	3.50	770.9 %
2018	12.16	(31.9 %)	10.42	4.6 %	(6.15)	(275.5 %)
2019	12.00	(1.3 %)	10.29	(1.3 %)	(29.68)	(383.0 %)
2020	11.66	(2.8 %)	9.91	(3.7 %)	(3.86)	87.0 %
2021	11.37	(2.4 %)	9.58	(3.3 %)	7.65	298.1 %
2022	10.86	(4.5 %)	9.14	(4.6 %)	14.75	92.8 %
2023	10.47	(3.6 %)	8.95	(2.1 %)	(1.68)	(111.4 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2014	(7.34)	(131.4 %)	(0.24)	-	(7.34)	(0.24)
Q2 2014	2.14	4446.8 %	0.07	-	2.14	0.07
Q3 2014	(1.68)	42.3 %	(0.06)	-	(1.68)	(0.06)
Q4 2014	(5.04)	19.4 %	(0.17)	-	(5.04)	(0.17)
2014	(15.04)	(22.5 %)	(0.50)	-	(15.04)	(0.50)
Q1 2015	(2.98)	59.5 %	(0.10)	-	(2.98)	(0.10)
Q2 2015	0.47	(78.2 %)	0.02	-	0.47	0.02
Q3 2015	(4.18)	(149.6 %)	(0.14)	-	(4.18)	(0.14)
Q4 2015	7.71	253.0 %	0.26	13.80	(6.09)	(0.20)
2015	1.02	106.7 %	0.03	13.80	(12.79)	(0.43)
Q1 2016	95.31	3301.5 %	3.18	98.55	(3.24)	(0.11)
Q2 2016	3.03	551.6 %	0.10	1.83	1.20	0.04
Q3 2016	1.40	133.4 %	0.05	-	1.40	0.05
Q4 2016	59.07	666.2 %	1.97	0.06	59.01	1.97
2016	58.56	5669.5 %	1.95	100.44	(41.88)	(1.40)
Q1 2017	0.21	(99.8 %)	0.01	-	0.21	0.01
Q2 2017	0.71	(76.7 %)	0.02	-	0.71	0.02
Q3 2017	1.48	5.6 %	0.05	-	1.48	0.05
Q4 2017	0.96	(98.4 %)	0.03	-	0.96	0.03
2017	3.34	(94.3 %)	0.11	-	3.34	0.11
Q1 2018	0.29	42.7 %	0.01	-	0.29	0.01
Q2 2018	0.98	37.9 %	0.03	-	0.98	0.03
Q3 2018	1.25	(15.3 %)	0.04	-	1.25	0.04
Q4 2018	(10.23)	(1170.0 %)	(0.34)	-	(10.23)	(0.34)
2018	(7.71)	(330.6 %)	(0.26)	-	(7.71)	(0.26)
Q1 2019	9.36	3082.7 %	0.31	-	9.36	0.31
Q2 2019	1.46	49.5 %	0.05	-	1.46	0.05
Q3 2019	4.71	277.3 %	0.16	-	4.71	0.16
Q4 2019	(30.18)	(195.0 %)	(1.01)	2.58	(32.75)	(1.09)
2019	(14.65)	(90.0 %)	(0.49)	2.58	(17.23)	(0.57)
Q1 2020	0.71	(92.4 %)	0.02	-	0.71	0.02
Q2 2020	0.54	(63.3 %)	0.02	-	0.54	0.02
Q3 2020	(0.28)	(106.0 %)	(0.01)	-	(0.28)	(0.01)
Q4 2020	(6.09)	79.8 %	(0.20)	-	(6.09)	(0.20)
2020	(5.13)	65.0 %	(0.17)	-	(5.13)	(0.17)
Q1 2021	(0.02)	(103.4 %)	0.00	-	(0.02)	0.00
Q2 2021	(0.29)	(154.8 %)	(0.01)	-	(0.29)	(0.01)
Q3 2021	(0.05)	81.6 %	0.00	-	(0.05)	0.00
Q4 2021	1.46	124.0 %	0.05	-	1.46	0.05
2021	1.09	121.3 %	0.04	-	1.09	0.04
Q1 2022	(0.52)	(2,060.8 %)	(0.02)	-	(0.52)	(0.02)
Q2 2022	(0.36)	(23.9 %)	(0.01)	-	(0.36)	(0.01)
Q3 2022	(0.01)	74.0 %	0.00	-	(0.01)	0.00
Q4 2022	7.94	444.5 %	0.26	(6.42)	14.37	0.48
2022	7.05	546.7 %	0.23	(6.42)	13.47	0.45
Q1 2023	0.51	198.1 %	0.02	-	0.51	0.02
Q2 2023	0.89	345.2 %	0.03	-	0.89	0.03
Q3 2023	(2.45)	(18,035.6 %)	(0.08)	-	(2.45)	(0.08)
Q4 2023	(5.66)	(171.3 %)	(0.19)	(5.47)	(0.20)	(0.01)
2023	(6.71)	(195.2 %)	(0.22)	(5.47)	(1.25)	(0.04)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2014	(15.04)	(22.5 %)	(0.50)	-	(15.04)	(0.50)
2015	1.02	106.7 %	0.03	13.80	(12.79)	(0.43)
2016	58.56	5669.5 %	1.95	100.44	(41.88)	(1.40)
2017	3.34	(94.3 %)	0.11	-	3.34	0.11
2018	(7.71)	(330.6 %)	(0.26)	-	(7.71)	(0.26)
2019	(14.65)	(90.0 %)	(0.49)	2.58	(17.23)	(0.57)
2020	(5.13)	65.0 %	(0.17)	-	(5.13)	(0.17)
2021	1.09	121.3 %	0.04	-	1.09	0.04
2022	7.05	546.7 %	0.23	(6.42)	13.47	0.45
2023	(6.71)	(195.2 %)	(0.22)	(5.47)	(1.25)	(0.04)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	(6.33 %)	16.52 %	(27.55 %)
Q2 2014	(6.76 %)	25.77 %	(24.11 %)
Q3 2014	(5.76 %)	10.24 %	(23.65 %)
Q4 2014	(2.52 %)	17.02 %	(22.40 %)
2014	(2.61 %)	11.28 %	(28.26 %)
Q1 2015	2.18 %	24.87 %	(14.41 %)
Q2 2015	0.79 %	26.29 %	(19.84 %)
Q3 2015	(3.40 %)	22.35 %	(26.44 %)
Q4 2015	(2.76 %)	16.99 %	(27.48 %)
2015	(2.76 %)	16.99 %	(27.47 %)
Q1 2016	0.14 %	13.75 %	(28.08 %)
Q2 2016	3.05 %	10.46 %	(32.48 %)
Q3 2016	20.03 %	18.22 %	(23.05 %)
Q4 2016	43.69 %	26.23 %	263.65 %
2016	43.69 %	26.23 %	(189.20 %)
Q1 2017	61.23 %	35.02 %	327.27 %
Q2 2017	60.66 %	30.70 %	346.70 %
Q3 2017	56.90 %	27.81 %	337.49 %
Q4 2017	55.75 %	34.02 %	18.72 %
2017	55.78 %	34.02 %	18.72 %
Q1 2018	62.64 %	41.04 %	21.45 %
Q2 2018	69.12 %	50.94 %	25.33 %
Q3 2018	78.32 %	61.57 %	26.32 %
Q4 2018	85.74 %	(31.67 %)	(63.43 %)
2018	85.72 %	(31.67 %)	(63.42 %)
Q1 2019	86.08 %	33.51 %	11.17 %
Q2 2019	85.63 %	31.83 %	15.22 %
Q3 2019	85.45 %	25.77 %	43.99 %
Q4 2019	85.77 %	(234.69 %)	(143.60 %)
2019	85.75 %	(234.65 %)	(143.57 %)
Q1 2020	85.75 %	(307.67 %)	(216.59 %)
Q2 2020	86.14 %	(305.63 %)	(225.28 %)
Q3 2020	86.32 %	(308.93 %)	(273.44 %)
Q4 2020	84.97 %	(11.25 %)	(43.98 %)
2020	84.97 %	(11.25 %)	(43.99 %)
Q1 2021	84.36 %	(18.78 %)	(50.53 %)
Q2 2021	84.07 %	(34.67 %)	(57.94 %)
Q3 2021	83.65 %	(45.07 %)	(56.13 %)
Q4 2021	84.22 %	89.96 %	9.58 %
2021	84.21 %	89.95 %	9.58 %
Q1 2022	84.11 %	86.91 %	5.31 %
Q2 2022	84.00 %	88.40 %	4.75 %
Q3 2022	84.07 %	87.17 %	5.12 %
Q4 2022	84.16 %	158.64 %	124.06 %
2022	84.16 %	158.63 %	124.04 %
Q1 2023	84.79 %	164.86 %	134.28 %
Q2 2023	85.24 %	170.53 %	146.72 %
Q3 2023	85.48 %	173.04 %	126.52 %
Q4 2023	85.56 %	4.16 %	(11.90 %)
2023	85.54 %	4.83 %	(11.90 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2014	(2.61 %)	11.28 %	(28.26 %)
2015	(2.76 %)	16.99 %	(27.47 %)
2016	43.69 %	26.23 %	(189.20 %)
2017	55.78 %	34.02 %	18.72 %
2018	85.72 %	(31.67 %)	(63.42 %)
2019	85.75 %	(234.65 %)	(143.57 %)
2020	84.97 %	(11.25 %)	(43.99 %)
2021	84.21 %	89.95 %	9.58 %
2022	84.16 %	158.63 %	124.04 %
2023	85.54 %	4.83 %	(11.90 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	(36.49 %)	(20.32 %)	(82.11 %)
Q2 2014	14.96 %	28.15 %	10.65 %
Q3 2014	0.76 %	21.03 %	(11.22 %)
Q4 2014	(12.83 %)	22.50 %	(54.26 %)
Q1 2015	(9.57 %)	26.54 %	(36.56 %)
Q2 2015	15.76 %	34.20 %	3.29 %
Q3 2015	(13.74 %)	6.52 %	(32.61 %)
Q4 2015	(8.46 %)	0.68 %	(53.25 %)
Q1 2016	7.05 %	7.96 %	(40.13 %)
Q2 2016	59.54 %	43.26 %	21.54 %
Q3 2016	70.96 %	53.03 %	33.75 %
Q4 2016	65.56 %	12.87 %	1,358.38 %
Q1 2017	50.96 %	30.00 %	4.26 %
Q2 2017	56.75 %	28.03 %	16.18 %
Q3 2017	55.11 %	39.29 %	31.75 %
Q4 2017	61.15 %	39.28 %	23.81 %
Q1 2018	85.07 %	65.29 %	9.89 %
Q2 2018	85.81 %	70.53 %	32.80 %
Q3 2018	86.53 %	77.58 %	38.57 %
Q4 2018	85.47 %	(349.82 %)	(344.06 %)
Q1 2019	86.46 %	336.80 %	320.01 %
Q2 2019	83.96 %	64.23 %	49.86 %
Q3 2019	85.86 %	55.15 %	146.18 %
Q4 2019	86.80 %	(1424.66 %)	(1120.18 %)
Q1 2020	86.39 %	43.51 %	24.75 %
Q2 2020	85.56 %	79.26 %	18.62 %
Q3 2020	86.50 %	74.90 %	(9.54 %)
Q4 2020	81.50 %	(238.60 %)	(206.06 %)
Q1 2021	83.91 %	13.64 %	(0.85 %)
Q2 2021	84.39 %	16.03 %	(10.39 %)
Q3 2021	84.86 %	35.29 %	(1.78 %)
Q4 2021	83.68 %	296.70 %	51.76 %
Q1 2022	83.44 %	(3.57 %)	(19.47 %)
Q2 2022	83.97 %	18.10 %	(13.63 %)
Q3 2022	85.13 %	29.68 %	(0.47 %)
Q4 2022	84.04 %	600.46 %	539.57 %
Q1 2023	86.01 %	18.38 %	19.56 %
Q2 2023	85.81 %	38.03 %	34.21 %
Q3 2023	86.10 %	28.49 %	(91.97 %)
Q4 2023	84.31 %	(68.82 %)	(7.53 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2014	30.00	(0.55)	(0.54)	11.26
Q2 2014	30.00	(0.48)	(0.48)	11.33
Q3 2014	30.00	(0.44)	(0.43)	11.27
Q4 2014	30.00	(0.40)	(0.40)	11.00
Q1 2015	30.00	(0.25)	(0.25)	10.90
Q2 2015	30.00	(0.31)	(0.31)	10.92
Q3 2015	30.00	(0.39)	(0.39)	10.78
Q4 2015	30.00	0.03	(0.43)	11.03
Q1 2016	30.00	3.31	(0.44)	11.86
Q2 2016	30.00	3.40	(0.41)	11.90
Q3 2016	30.00	3.58	(0.22)	11.91
Q4 2016	30.00	5.29	1.95	10.72
Q1 2017	30.00	2.12	2.06	10.72
Q2 2017	30.00	2.05	2.04	10.74
Q3 2017	30.00	2.05	2.05	10.54
Q4 2017	30.00	0.11	0.11	10.58
Q1 2018	30.00	0.11	0.11	10.59
Q2 2018	30.00	0.12	0.12	10.62
Q3 2018	30.00	0.12	0.12	10.66
Q4 2018	30.00	(0.26)	(0.26)	10.33
Q1 2019	30.00	0.05	0.05	10.64
Q2 2019	30.00	0.06	0.06	10.69
Q3 2019	30.00	0.18	0.18	10.85
Q4 2019	30.00	(0.49)	(0.57)	9.84
Q1 2020	30.00	(0.78)	(0.86)	9.86
Q2 2020	30.00	(0.81)	(0.89)	9.90
Q3 2020	30.00	(0.97)	(1.06)	9.90
Q4 2020	30.00	(0.17)	(0.17)	9.62
Q1 2021	30.00	(0.20)	(0.20)	9.62
Q2 2021	30.00	(0.22)	(0.22)	9.61
Q3 2021	30.00	(0.22)	(0.22)	9.61
Q4 2021	30.00	0.04	0.04	9.66
Q1 2022	30.00	0.02	0.02	9.65
Q2 2022	30.00	0.02	0.02	9.83
Q3 2022	30.00	0.02	0.02	9.83
Q4 2022	30.00	0.23	0.45	10.11
Q1 2023	30.00	0.27	0.48	10.12
Q2 2023	30.00	0.31	0.53	10.15
Q3 2023	30.00	0.23	0.44	10.07
Q4 2023	30.00	(0.22)	(0.04)	9.88

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2014	30.00	(0.50)	(0.50)	11.00
2015	30.00	0.03	(0.43)	11.03
2016	30.00	1.95	(1.40)	10.72
2017	30.00	0.11	0.11	10.58
2018	30.00	(0.26)	(0.26)	10.33
2019	30.00	(0.49)	(0.57)	9.84
2020	30.00	(0.17)	(0.17)	9.62
2021	30.00	0.04	0.04	9.66
2022	30.00	0.23	0.45	10.11
2023	30.00	(0.22)	(0.04)	9.88

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2014	NEG	NEG	2.52
Q2 2014	NEG	NEG	2.28
Q3 2014	NEG	NEG	2.55
Q4 2014	NEG	NEG	1.76
Q1 2015	NEG	NEG	2.11
Q2 2015	NEG	NEG	2.25
Q3 2015	NEG	NEG	1.81
Q4 2015	More than 100	NEG	2.03
Q1 2016	5.05	NEG	1.41
Q2 2016	4.88	NEG	1.39
Q3 2016	3.72	NEG	1.12
Q4 2016	2.95	8.02	1.46
Q1 2017	6.53	6.73	1.29
Q2 2017	6.43	6.43	1.22
Q3 2017	6.55	6.55	1.27
Q4 2017	More than 100	More than 100	1.21
Q1 2018	More than 100	More than 100	1.21
Q2 2018	99.73	99.73	1.16
Q3 2018	91.36	91.36	0.99
Q4 2018	NEG	NEG	1.05
Q1 2019	More than 100	More than 100	1.12
Q2 2019	More than 100	More than 100	1.12
Q3 2019	59.22	59.22	0.96
Q4 2019	NEG	NEG	1.13
Q1 2020	NEG	NEG	0.92
Q2 2020	NEG	NEG	1.32
Q3 2020	NEG	NEG	2.11
Q4 2020	NEG	NEG	2.01
Q1 2021	NEG	NEG	2.90
Q2 2021	NEG	NEG	3.36
Q3 2021	NEG	NEG	3.10
Q4 2021	More than 100	More than 100	2.45
Q1 2022	More than 100	More than 100	2.35
Q2 2022	More than 100	More than 100	2.17
Q3 2022	More than 100	More than 100	2.44
Q4 2022	80.01	41.86	1.86
Q1 2023	96.57	53.79	2.57
Q2 2023	80.26	47.53	2.46
Q3 2023	81.89	42.39	1.87
Q4 2023	NEG	NEG	1.82

Period	P/E	Adjusted P/E	Price/book
2014	NEG	NEG	1.76
2015	More than 100	NEG	2.03
2016	7.99	NEG	1.46
2017	More than 100	More than 100	1.21
2018	NEG	NEG	1.05
2019	NEG	NEG	1.13
2020	NEG	NEG	2.01
2021	More than 100	More than 100	2.45
2022	80.01	41.86	1.86
2023	NEG	NEG	1.82

Business Segments (Million)

Compared With The

Period	Agri Sector- Shri Project	Agri Sector- Jouf Project	Poultry Project	Dates Factory	Dairy sector	Agricultural Activity
Q1 2013	11.09	2.87	2.50	3.17	-	-
Q2 2013	10.14	4.29	2.50	3.34	-	-
Q3 2013	10.67	4.13	2.50	1.67	-	-
Q4 2013	5.75	1.28	2.50	1.60	-	-
Q1 2014	3.60	0.70	2.50	2.14	-	-
Q2 2014	8.49	4.72	2.50	4.35	-	-
Q3 2014	7.03	4.23	2.50	1.18	-	-
Q4 2014	2.69	2.34	2.50	1.75	-	-
Q1 2015	2.33	0.74	2.50	2.57	-	-
Q2 2015	5.54	3.33	2.50	2.76	-	-
Q3 2015	7.24	2.10	2.50	0.99	-	-
Q4 2015	1.47	5.23	3.89	0.72	-	-
Q1 2016	3.45	0.48	2.50	1.72	-	-
Q2 2016	1.24	-	2.50	2.04	-	-
Q3 2016	1.60	-	1.60	0.65	-	-
Q4 2016	1.39	-	1.21	0.84	-	-
Q1 2017	1.30	-	1.72	1.81	-	-
Q2 2017	1.29	-	1.72	1.35	-	-
Q3 2017	1.53	-	1.72	1.40	-	-
Q4 2017	1.30	-	1.72	1.00	-	-
Q2 2018	1.29	-	1.69	0.91	-	-
Q3 2018	1.55	-	1.69	0.08	-	-
Q4 2018	1.29	-	1.69	-	-	-
Q1 2019	1.28	-	1.65	-	-	-
Q2 2019	1.28	-	1.65	-	-	-
Q3 2019	1.58	-	1.65	-	-	-
Q4 2019	1.28	-	1.65	-	-	-
Q1 2020	1.27	-	1.60	-	-	-

Period	Agri Sector- Shri Project	Agri Sector- Jouf Project	Poultry Project	Dates Factory	Dairy sector	Agricultural Activity
2013	37.65	12.57	10.00	9.77	-	-
2014	21.81	11.99	10.00	9.41	-	-
2015	16.71	11.41	11.39	7.04	-	-
2016	7.68	0.48	8.71	5.26	-	-
2017	5.41	-	6.90	5.55	-	-
2018	5.41	-	6.74	-	-	-
2019	5.42	-	6.58	-	-	-
2021	5.14	-	6.23	-	-	-
2022	4.98	-	5.88	-	-	-
2023	4.79	-	5.67	-	-	-

Financial Ratios

	Current
Market Cap (M Riyal)	566.40
Enterprise Value (EV) (M)	517.15
Shares Outstanding ((M))	30.00
EPS ( Riyal) (TTM)	(0.34)
Book Value (BV) ( Riyal)	9.72
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	NEG
Price/book	1.94
Return on Average Assets (%) (TTM)	(2.39 )
Return on Average Equity (%) (TTM)	(3.48 )

Al Gassim Investment Holding Co. (GACO)

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GACO swings to SAR 6.7M loss in 2023; Q4 at SAR 5.7M

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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) 2023 Q4

Financial Ratios

Share Price

Al Gassim Investment Holding Co. (GACO)

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GACO swings to SAR 6.7M loss in 2023; Q4 at SAR 5.7M

View other reports

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) 2023

Revenue by Business Segment (Latest) 2023 Q4

Financial Ratios

Share Price

Al Gassim Investment Holding Co. (GACO)

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Business Segments (Million)