Yaqeen Capital earns SAR 8.9M in H1 2024

08/08/2024 Argaam Exclusive

View other reports

Yaqeen Capital reported a profit fall to SAR 8.9 million in the first half of 2024, compared to SAR 37.8 million in the prior-year period.

Financials (M)

Item	6m 2023	6m 2024	Change‬
Revenues	38.92	39.96	2.7 %
Gross Income	16.08	18.34	14.1 %
Operating Income	8.66	12.64	46.0 %
Net Income	37.76	8.94	(76.3 %)
Average Shares	15.00	15.00	-
EPS (Riyals)	2.52	0.60	(76.3 %)

This was due to the non-recurring transaction of selling a building owned by the company in June 2023. The company also posted an 82% fall in gain on investments at fair value through profit or loss on disposal of investment in the first six months of 2023.

However, this was offset by a 3% rise in operating income and a 9% decrease in operating expenses, which was mainly due to lower general and administrative expenses.

Current Half Annual Comparison (M)

Compared With The

Item	H1 2023	H1 2024	Change‬
Revenues	38.92	39.96	2.7 %
Gross Income	16.08	18.34	14.1 %
Operating Income	8.66	12.64	46.0 %
Net Income	37.76	8.94	(76.3 %)
Average Shares	15.00	15.00	-
EPS (Riyals)	2.52	0.60	(76.3 %)

Item	H2 2023	H1 2024	Change‬
Revenues	38.89	39.96	2.8 %
Gross Income	19.19	18.34	(4.4 %)
Operating Income	8.86	12.64	42.7 %
Net Income	0.47	8.94	1822.6 %
Average Shares	15.00	15.00	-
EPS (Riyals)	0.03	0.60	1822.6 %

Shareholders’ equity, no minority rights, rose to SAR 267.7 million as of June 30, 2024, compared to SAR 260.1 million a year earlier.

View more financial results

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
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 %)
H1 2024	39.96	2.7 %	18.34	14.1 %	12.64	46.0 %

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 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
H1 2024	8.94	(76.3 %)	0.60	-	8.94	0.60

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 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 %
H1 2024	47.59 %	30.45 %	11.93 %

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 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 %
H1 2024	45.88 %	34.65 %	22.37 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
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
H1 2024	15.00	0.63	0.63	17.85

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 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	-	-	-
H1 2024	51.75	51.75	1.82

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	-
Q2 2024	8.05	18.36	7.24	6.31

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)	370.20
Enterprise Value (EV) (M)	213.87
Shares Outstanding ((M))	15.00
Book Value (BV) ( Riyal)	17.25
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	43.67
Price/book	1.43

Yaqeen Capital Co. (YAQEEN)

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

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

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.

Yaqeen Capital earns SAR 8.9M in H1 2024

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)

Ratios And Multiples

Business Segments (Million)

Revenue by Business Segment (Latest) 2024 Q2

Financial Ratios

Share Price

Yaqeen Capital Co. (YAQEEN)

Comments {{getCommentCount()}}

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

{{comment.DisplayName}}

×

Yaqeen Capital earns SAR 8.9M in H1 2024

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)

Ratios And Multiples

Business Segments (Million) Q2 2024

Revenue by Business Segment (Latest) 2024 Q2

Financial Ratios

Share Price

Yaqeen Capital Co. (YAQEEN)

Comments {{getCommentCount()}}

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

{{comment.DisplayName}}

Business Segments (Million)