Yaqeen Capital logs SAR 38.2M profit in 2023

08/05/2024 Argaam Exclusive

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Yaqeen Capital, which is set to be listed on the Nomu-Parallel Market, reported a profit of SAR 38.2 million in 2023, compared to SAR 3.8 million a year ago.

Financials (M)

Item	2022	2023	Change‬
Revenues	95.55	77.81	(18.6 %)
Gross Income	54.32	35.26	(35.1 %)
Operating Income	36.54	17.52	(52.1 %)
Net Income	3.82	38.23	901.2 %
Average Shares	15.00	15.00	-
EPS (Riyals)	0.25	2.55	901.2 %

Current Half Annual Comparison (M)

Compared With The

Item	H2 2022	H2 2023	Change‬
Revenues	44.63	38.89	(12.9 %)
Gross Income	22.43	19.19	(14.5 %)
Operating Income	15.41	8.86	(42.5 %)
Net Income	3.81	0.47	(87.8 %)
Average Shares	15.00	15.00	-
EPS (Riyals)	0.25	0.03	(87.8 %)

Item	H1 2023	H2 2023	Change‬
Revenues	38.92	38.89	(0.1 %)
Gross Income	16.08	19.19	19.3 %
Operating Income	8.66	8.86	2.3 %
Net Income	37.76	0.47	(98.8 %)
Average Shares	15.00	15.00	-
EPS (Riyals)	2.52	0.03	(98.8 %)

Shareholders’ equity, no minority interest, rose to SAR 258.80 million by the end of 2023, compared to SAR 222.29 million in the prior-year period.

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
H1 2014	-	-	-	-	-	-
H2 2014	-	-	-	-	-	-
2014	350.60	-	273.03	-	209.84	-
H1 2015	-	-	-	-	-	-
H2 2015	-	-	-	-	-	-
2015	356.55	1.7 %	251.14	(8.0 %)	122.83	(41.5 %)
H1 2016	-	-	-	-	-	-
H2 2016	-	-	-	-	-	-
2016	29.21	(91.8 %)	(6.32)	(102.5 %)	(76.01)	(161.9 %)
H1 2017	-	-	-	-	-	-
H2 2017	-	-	-	-	-	-
2017	38.36	31.3 %	10.58	267.4 %	(12.33)	83.8 %
H1 2018	-	-	-	-	-	-
H2 2018	-	-	-	-	-	-
2018	34.28	(10.6 %)	6.63	(37.3 %)	(7.95)	35.5 %
H1 2019	-	-	-	-	-	-
H2 2019	-	-	-	-	-	-
2019	49.36	44.0 %	24.71	272.6 %	15.90	300.0 %
H1 2020	-	-	-	-	-	-
H2 2020	-	-	-	-	-	-
2020	95.25	92.9 %	59.30	140.0 %	45.50	186.2 %
H1 2021	-	-	-	-	-	-
H2 2021	-	-	-	-	-	-
2021	132.44	39.0 %	90.15	52.0 %	78.12	71.7 %
H1 2022	50.92	-	31.88	-	21.13	-
H2 2022	44.63	-	22.43	-	15.41	-
2022	95.55	(27.9 %)	54.32	(39.7 %)	36.54	(53.2 %)
H1 2023	38.92	(23.6 %)	16.08	(49.6 %)	8.66	(59.0 %)
H2 2023	38.89	(12.9 %)	19.19	(14.5 %)	8.86	(42.5 %)
2023	77.81	(18.6 %)	35.26	(35.1 %)	17.52	(52.1 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2014	350.60	-	273.03	-	209.84	-
2015	356.55	1.7 %	251.14	(8.0 %)	122.83	(41.5 %)
2016	29.21	(91.8 %)	(6.32)	(102.5 %)	(76.01)	(161.9 %)
2017	38.36	31.3 %	10.58	267.4 %	(12.33)	83.8 %
2018	34.28	(10.6 %)	6.63	(37.3 %)	(7.95)	35.5 %
2019	49.36	44.0 %	24.71	272.6 %	15.90	300.0 %
2020	95.25	92.9 %	59.30	140.0 %	45.50	186.2 %
2021	132.44	39.0 %	90.15	52.0 %	78.12	71.7 %
2022	95.55	(27.9 %)	54.32	(39.7 %)	36.54	(53.2 %)
2023	77.81	(18.6 %)	35.26	(35.1 %)	17.52	(52.1 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
H1 2014	-	-	-	-	-	-
H2 2014	-	-	-	-	-	-
2014	123.70	-	8.25	-	123.70	8.25
H1 2015	-	-	-	-	-	-
H2 2015	-	-	-	-	-	-
2015	42.29	(65.8 %)	2.82	-	42.29	2.82
H1 2016	-	-	-	-	-	-
H2 2016	-	-	-	-	-	-
2016	5.20	(87.7 %)	0.35	-	5.20	0.35
H1 2017	-	-	-	-	-	-
H2 2017	-	-	-	-	-	-
2017	1.59	(69.4 %)	0.11	-	1.59	0.11
H1 2018	-	-	-	-	-	-
H2 2018	-	-	-	-	-	-
2018	(15.38)	(1067.9 %)	(1.03)	-	(15.38)	(1.03)
H1 2019	-	-	-	-	-	-
H2 2019	-	-	-	-	-	-
2019	9.20	159.8 %	0.61	-	9.20	0.61
H1 2020	-	-	-	-	-	-
H2 2020	-	-	-	-	-	-
2020	37.02	302.5 %	2.47	-	37.02	2.47
H1 2021	-	-	-	-	-	-
H2 2021	-	-	-	-	-	-
2021	67.22	81.5 %	4.48	-	67.22	4.48
H1 2022	0.00	-	0.00	(10.17)	10.18	0.68
H2 2022	3.81	-	0.25	-	3.81	0.25
2022	3.82	(94.3 %)	0.25	(10.17)	13.99	0.93
H1 2023	37.76	943900.0 %	2.52	29.75	8.01	0.53
H2 2023	0.47	(87.8 %)	0.03	-	0.47	0.03
2023	38.23	901.2 %	2.55	29.75	8.48	0.57

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2014	123.70	-	8.25	-	123.70	8.25
2015	42.29	(65.8 %)	2.82	-	42.29	2.82
2016	5.20	(87.7 %)	0.35	-	5.20	0.35
2017	1.59	(69.4 %)	0.11	-	1.59	0.11
2018	(15.38)	(1067.9 %)	(1.03)	-	(15.38)	(1.03)
2019	9.20	159.8 %	0.61	-	9.20	0.61
2020	37.02	302.5 %	2.47	-	37.02	2.47
2021	67.22	81.5 %	4.48	-	67.22	4.48
2022	3.82	(94.3 %)	0.25	(10.17)	13.99	0.93
2023	38.23	901.2 %	2.55	29.75	8.48	0.57

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
H1 2014	-	-	-
H2 2014	-	-	-
2014	77.88 %	61.27 %	35.28 %
H1 2015	-	-	-
H2 2015	-	-	-
2015	70.44 %	35.98 %	11.86 %
H1 2016	-	-	-
H2 2016	-	-	-
2016	(21.64 %)	(240.50 %)	17.79 %
H1 2017	-	-	-
H2 2017	-	-	-
2017	27.59 %	(25.68 %)	4.14 %
H1 2018	-	-	-
H2 2018	-	-	-
2018	19.34 %	(16.05 %)	(44.86 %)
H1 2019	-	-	-
H2 2019	-	-	-
2019	50.05 %	37.20 %	18.63 %
H1 2020	-	-	-
H2 2020	-	-	-
2020	62.26 %	50.14 %	38.87 %
H1 2021	-	-	-
H2 2021	-	-	-
2021	68.07 %	60.59 %	50.75 %
H1 2022	-	-	-
H2 2022	56.85 %	-	14.64 %
2022	56.85 %	40.50 %	14.64 %
H1 2023	46.09 %	30.07 %	14.15 %
H2 2023	45.32 %	25.54 %	10.89 %
2023	45.32 %	25.54 %	10.89 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2014	77.88 %	61.27 %	35.28 %
2015	70.44 %	35.98 %	11.86 %
2016	(21.64 %)	(240.50 %)	17.79 %
2017	27.59 %	(25.68 %)	4.14 %
2018	19.34 %	(16.05 %)	(44.86 %)
2019	50.05 %	37.20 %	18.63 %
2020	62.26 %	50.14 %	38.87 %
2021	68.07 %	60.59 %	50.75 %
2022	56.85 %	40.50 %	14.64 %
2023	45.32 %	25.54 %	10.89 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
H1 2014	-	-	-
H2 2014	-	-	-
H1 2015	-	-	-
H2 2015	-	-	-
H1 2016	-	-	-
H2 2016	-	-	-
H1 2017	-	-	-
H2 2017	-	-	-
H1 2018	-	-	-
H2 2018	-	-	-
H1 2019	-	-	-
H2 2019	-	-	-
H1 2020	-	-	-
H2 2020	-	-	-
H1 2021	-	-	-
H2 2021	-	-	-
H1 2022	62.62 %	-	19.99 %
H2 2022	50.26 %	-	8.55 %
H1 2023	41.31 %	24.96 %	20.59 %
H2 2023	49.33 %	26.13 %	1.20 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
H1 2014	-	-	-	-
H2 2014	-	-	-	-
H1 2015	-	-	-	-
H2 2015	-	-	-	-
H1 2016	-	-	-	-
H2 2016	-	-	-	-
H1 2017	-	-	-	-
H2 2017	-	-	-	-
H1 2018	-	-	-	-
H2 2018	-	-	-	-
H1 2019	-	-	-	-
H2 2019	-	-	-	-
H1 2020	-	-	-	-
H2 2020	-	-	-	-
H1 2021	-	-	-	-
H2 2021	-	-	-	-
H1 2022	15.00	-	-	-
H2 2022	15.00	0.25	0.93	14.82
H1 2023	15.00	2.77	0.79	17.34
H2 2023	15.00	2.55	0.57	17.25

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2014	15.00	8.25	8.25	74.50
2015	15.00	2.82	2.82	78.87
2016	15.00	0.35	0.35	80.80
2017	15.00	0.11	0.11	17.60
2018	15.00	(1.03)	(1.03)	10.50
2019	15.00	0.61	0.61	10.37
2020	15.00	2.47	2.47	11.34
2021	15.00	4.48	4.48	14.66
2022	15.00	0.25	0.93	14.82
2023	15.00	2.55	0.57	17.25

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
H1 2014	-	-	-
H2 2014	-	-	-
H1 2015	-	-	-
H2 2015	-	-	-
H1 2016	-	-	-
H2 2016	-	-	-
H1 2017	-	-	-
H2 2017	-	-	-
H1 2018	-	-	-
H2 2018	-	-	-
H1 2019	-	-	-
H2 2019	-	-	-
H1 2020	-	-	-
H2 2020	-	-	-
H1 2021	-	-	-
H2 2021	-	-	-
H1 2022	-	-	-
H2 2022	-	-	-
H1 2023	-	-	-
H2 2023	-	-	-

Period	P/E	Adjusted P/E	Price/book
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	-	-	-
2019	-	-	-
2020	-	-	-
2021	-	-	-
2022	-	-	-
2023	-	-	-

Business Segments (Million)

Compared With The

Period	Investments	Investment banking group	Asset management	Brokerage
Q4 2022	3.09	20.20	4.98	3.00
Q2 2023	47.22	11.80	7.76	-
Q4 2023	9.14	19.05	5.61	-

Period	Investments	Investment banking group	Asset management	Brokerage
2020	2.07	28.38	14.44	50.36
2021	6.00	52.46	25.95	51.01
2022	5.39	51.76	23.63	18.25
2023	56.36	30.85	13.37	9.04

Financial Ratios

	Current
Market Cap (M Riyal)	363.60
Enterprise Value (EV) (M)	207.27
Shares Outstanding ((M))	15.00
Book Value (BV) ( Riyal)	17.25
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	42.89
Price/book	1.40

Yaqeen Capital Co. (YAQEEN)

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Yaqeen Capital logs SAR 38.2M profit in 2023

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Financials (M)

Current Half Annual 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)

Business Segments (Million)

Revenue by Business Segment (Latest) 2023 Q4

Financial Ratios

Share Price

Yaqeen Capital Co. (YAQEEN)

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Yaqeen Capital logs SAR 38.2M profit in 2023

View other reports

Financials (M)

Current Half Annual 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)

Business Segments (Million) Q4 2023

Revenue by Business Segment (Latest) 2023 Q4

Financial Ratios

Share Price

Yaqeen Capital Co. (YAQEEN)

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Business Segments (Million)