Aldawaa profit leaps 25% to SAR 95.3M in Q1 2024

29/04/2024 Argaam Exclusive

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Aldawaa Medical Services Co. (DMSCO) reported a net profit of SAR 95.3 million for Q1 2024, leaping 25% from SAR 76.3 million in the same period last year.

Current Quarter Comparison (M)

Compared With The

Item	Q1 2023	Q1 2024	Change‬
Revenues	1,407.59	1,516.42	7.7 %
Gross Income	534.98	564.42	5.5 %
Operating Income	116.00	132.78	14.5 %
Net Income	76.25	95.33	25.0 %
Average Shares	85.00	85.00	-
EPS (Riyals)	0.90	1.12	25.0 %

Item	Q4 2023	Q1 2024	Change‬
Revenues	1,458.09	1,516.42	4.0 %
Gross Income	525.09	564.42	7.5 %
Operating Income	140.39	132.78	(5.4 %)
Net Income	92.35	95.33	3.2 %
Average Shares	85.00	85.00	-
EPS (Riyals)	1.09	1.12	3.2 %

Revenues in the first quarter of 2024 grew 7.7% year-on-year (YoY) to SAR 108.8 million, due to the increase in sales activities across all channels.

Gross profit increased by 5.5% YoY to SAR 29.4 million, and operating profit grew by 13.6% YoY on controlling expenses.

Sequentially, Q1 2024 net profit was up 3.2% from SAR 92.35 million in Q4 2023, mainly fueled by a 4% rise quarter-on-quarter in revenues to SAR 58.3 million.

Total shareholders’ equity, no minority interest, rose to SAR 1.29 billion as of March 31, 2024, from SAR 1.07 billion a year earlier.

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Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
Q1 2015	-	-	-	-	-	-	-
Q2 2015	-	-	-	-	-	-	-
Q3 2015	-	-	-	-	-	-	-
Q4 2015	-	-	-	-	-	-	-
2015	-	-	-	-	-	-	-
Q1 2016	-	-	-	-	-	-	-
Q2 2016	-	-	-	-	-	-	-
Q3 2016	-	-	-	-	-	-	-
Q4 2016	-	-	-	-	-	-	-
2016	-	-	-	-	-	-	-
Q1 2017	-	-	-	-	-	-	-
Q2 2017	-	-	-	-	-	-	-
Q3 2017	-	-	-	-	-	-	-
Q4 2017	-	-	-	-	-	-	-
2017	3,375.63	-	1,310.98	-	120.90	-	1.51
Q1 2018	-	-	-	-	-	-	-
Q2 2018	-	-	-	-	-	-	-
Q3 2018	-	-	-	-	-	-	-
Q4 2018	-	-	-	-	-	-	-
2018	3,797.20	12.5 %	1,478.68	12.8 %	228.33	88.9 %	2.86
Q1 2019	-	-	-	-	-	-	-
Q2 2019	-	-	-	-	-	-	-
Q3 2019	-	-	-	-	-	-	-
Q4 2019	-	-	-	-	-	-	-
2019	3,962.43	4.4 %	1,586.96	7.3 %	233.20	2.1 %	2.92
Q1 2020	1,176.38	-	446.33	-	23.11	-	0.29
Q2 2020	1,303.84	-	530.76	-	55.35	-	0.69
Q3 2020	-	-	-	-	-	-	-
Q4 2020	-	-	-	-	-	-	-
2020	4,962.08	25.2 %	1,881.26	18.5 %	246.44	5.7 %	3.09
Q1 2021	1,209.72	2.8 %	451.96	1.3 %	78.84	241.2 %	0.99
Q2 2021	1,266.77	(2.8 %)	457.98	(13.7 %)	52.94	(4.4 %)	0.62
Q3 2021	1,259.56	-	451.39	-	38.29	-	0.45
Q4 2021	1,298.34	-	533.08	-	69.08	-	0.81
2021	5,034.38	1.5 %	1,894.40	0.7 %	239.15	(3.0 %)	2.81
Q1 2022	1,294.82	7.0 %	494.18	9.3 %	87.11	10.5 %	1.02
Q2 2022	1,310.19	3.4 %	506.79	10.7 %	80.67	52.4 %	0.95
Q3 2022	1,308.93	3.9 %	484.94	7.4 %	48.15	25.7 %	0.57
Q4 2022	1,458.30	12.3 %	533.69	0.1 %	89.51	29.6 %	1.05
2022	5,372.24	6.7 %	2,019.60	6.6 %	305.45	27.7 %	3.59
Q1 2023	1,407.59	8.7 %	534.98	8.3 %	76.25	(12.5 %)	0.90
Q2 2023	1,436.74	9.7 %	525.64	3.7 %	89.33	10.7 %	1.05
Q3 2023	1,438.95	9.9 %	520.91	7.4 %	71.28	48.0 %	0.84
Q4 2023	1,458.09	0.0 %	525.09	(1.6 %)	92.35	3.2 %	1.09
2023	5,741.36	6.9 %	2,106.62	4.3 %	329.22	7.8 %	3.87
Q1 2024	1,516.42	7.7 %	564.42	5.5 %	95.33	25.0 %	1.12

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2014	-	-	-	-	-	-	-
2015	-	-	-	-	-	-	-
2016	-	-	-	-	-	-	-
2017	3,375.63	-	1,310.98	-	120.90	-	1.51
2018	3,797.20	12.5 %	1,478.68	12.8 %	228.33	88.9 %	2.86
2019	3,962.43	4.4 %	1,586.96	7.3 %	233.20	2.1 %	2.92
2020	4,962.08	25.2 %	1,881.26	18.5 %	246.44	5.7 %	3.09
2021	5,034.38	1.5 %	1,894.40	0.7 %	239.15	(3.0 %)	2.81
2022	5,372.24	6.7 %	2,019.60	6.6 %	305.45	27.7 %	3.59
2023	5,741.36	6.9 %	2,106.62	4.3 %	329.22	7.8 %	3.87

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
2015	-	-	-
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
2016	-	-	-
Q1 2017	-	-	-
Q2 2017	-	-	-
Q3 2017	-	-	-
Q4 2017	-	-	-
2017	38.84 %	14.78 %	3.55 %
Q1 2018	-	-	-
Q2 2018	-	-	-
Q3 2018	-	-	-
Q4 2018	-	-	-
2018	38.94 %	15.71 %	6.16 %
Q1 2019	-	-	-
Q2 2019	-	-	-
Q3 2019	-	-	-
Q4 2019	-	-	-
2019	40.05 %	15.25 %	6.28 %
Q1 2020	-	-	-
Q2 2020	-	-	-
Q3 2020	-	-	-
Q4 2020	-	-	-
2020	37.91 %	14.07 %	6.88 %
Q1 2021	-	-	-
Q2 2021	-	-	-
Q3 2021	-	-	-
Q4 2021	37.63 %	11.95 %	3.49 %
2021	37.63 %	11.95 %	3.49 %
Q1 2022	37.83 %	12.05 %	3.27 %
Q2 2022	38.46 %	12.59 %	3.61 %
Q3 2022	38.74 %	13.20 %	3.98 %
Q4 2022	37.59 %	13.57 %	4.58 %
2022	37.59 %	13.57 %	4.58 %
Q1 2023	37.56 %	13.96 %	4.99 %
Q2 2023	37.05 %	14.27 %	5.29 %
Q3 2023	36.84 %	14.36 %	5.55 %
Q4 2023	36.69 %	14.70 %	5.73 %
2023	36.69 %	14.69 %	5.73 %
Q1 2024	36.51 %	14.78 %	5.95 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	38.84 %	14.78 %	3.55 %
2018	38.94 %	15.71 %	6.16 %
2019	40.05 %	15.25 %	6.28 %
2020	37.91 %	14.07 %	6.88 %
2021	37.63 %	11.95 %	3.49 %
2022	37.59 %	13.57 %	4.58 %
2023	36.69 %	14.69 %	5.73 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
Q1 2017	-	-	-
Q2 2017	-	-	-
Q3 2017	-	-	-
Q4 2017	-	-	-
Q1 2018	-	-	-
Q2 2018	-	-	-
Q3 2018	-	-	-
Q4 2018	-	-	-
Q1 2019	-	-	-
Q2 2019	-	-	-
Q3 2019	-	-	-
Q4 2019	-	-	-
Q1 2020	37.94 %	-	6.46 %
Q2 2020	40.71 %	-	8.99 %
Q3 2020	-	-	-
Q4 2020	-	-	-
Q1 2021	37.36 %	12.64 %	4.74 %
Q2 2021	36.15 %	11.68 %	3.72 %
Q3 2021	35.84 %	10.59 %	2.26 %
Q4 2021	41.06 %	12.90 %	3.30 %
Q1 2022	38.17 %	12.98 %	3.78 %
Q2 2022	38.68 %	13.84 %	5.05 %
Q3 2022	37.05 %	13.08 %	3.76 %
Q4 2022	36.60 %	14.29 %	5.61 %
Q1 2023	38.01 %	14.56 %	5.42 %
Q2 2023	36.59 %	15.05 %	6.22 %
Q3 2023	36.20 %	13.52 %	4.95 %
Q4 2023	36.01 %	15.66 %	6.33 %
Q1 2024	37.22 %	14.86 %	6.29 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2015	-	-	-	-
Q2 2015	-	-	-	-
Q3 2015	-	-	-	-
Q4 2015	-	-	-	-
Q1 2016	-	-	-	-
Q2 2016	-	-	-	-
Q3 2016	-	-	-	-
Q4 2016	-	-	-	-
Q1 2017	-	-	-	-
Q2 2017	-	-	-	-
Q3 2017	-	-	-	-
Q4 2017	-	-	-	-
Q1 2018	-	-	-	-
Q2 2018	-	-	-	-
Q3 2018	-	-	-	-
Q4 2018	-	-	-	-
Q1 2019	-	-	-	-
Q2 2019	-	-	-	-
Q3 2019	-	-	-	-
Q4 2019	-	-	-	-
Q1 2020	79.85	-	-	-
Q2 2020	79.85	-	-	-
Q3 2020	-	-	-	-
Q4 2020	-	-	-	-
Q1 2021	79.85	-	-	14.62
Q2 2021	85.00	-	-	14.74
Q3 2021	85.00	-	-	12.46
Q4 2021	85.00	2.81	2.07	11.64
Q1 2022	85.00	2.91	1.97	12.61
Q2 2022	85.00	3.24	2.19	12.78
Q3 2022	85.00	3.35	2.44	12.07
Q4 2022	85.00	3.59	2.90	12.88
Q1 2023	85.00	3.47	3.22	12.67
Q2 2023	85.00	3.57	3.49	14.74
Q3 2023	85.00	3.84	3.75	14.17
Q4 2023	85.00	3.87	3.87	15.45
Q1 2024	85.00	4.10	4.10	15.28

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2014	-	-	-	-
2015	-	-	-	-
2016	-	-	-	-
2017	79.85	1.51	1.50	9.29
2018	79.85	2.86	2.93	10.81
2019	79.85	2.92	3.12	12.14
2020	79.85	3.09	4.28	13.94
2021	85.00	2.81	2.07	11.64
2022	85.00	3.59	2.90	12.88
2023	85.00	3.87	3.87	15.45

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
Q1 2017	-	-	-
Q2 2017	-	-	-
Q3 2017	-	-	-
Q4 2017	-	-	-
Q1 2018	-	-	-
Q2 2018	-	-	-
Q3 2018	-	-	-
Q4 2018	-	-	-
Q1 2019	-	-	-
Q2 2019	-	-	-
Q3 2019	-	-	-
Q4 2019	-	-	-
Q1 2020	-	-	-
Q2 2020	-	-	-
Q3 2020	-	-	-
Q4 2020	-	-	-
Q1 2021	-	-	-
Q2 2021	-	-	-
Q3 2021	-	-	-
Q4 2021	-	-	-
Q1 2022	25.59	37.84	5.91
Q2 2022	20.70	30.54	5.24
Q3 2022	23.77	32.69	6.61
Q4 2022	20.01	24.83	5.58
Q1 2023	23.08	24.87	6.31
Q2 2023	27.61	28.23	6.68
Q3 2023	24.77	25.37	6.71
Q4 2023	27.32	27.32	6.85
Q1 2024	22.72	22.72	6.09

Period	P/E	Adjusted P/E	Price/book
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	-	-	-
2019	-	-	-
2020	-	-	-
2021	-	-	-
2022	20.01	24.83	5.58
2023	27.32	27.32	6.85

Business Segments (Million)

Compared With The

Period	Retail Sales	Wholesale	Logistic Services
Q1 2021	1,169.76	39.96	-
Q2 2021	1,234.85	31.92	-
Q3 2021	1,224.38	35.18	-
Q4 2021	1,257.00	41.34	-
Q1 2022	1,260.57	34.25	-
Q2 2022	1,268.35	41.84	-
Q3 2022	1,261.85	47.08	-
Q4 2022	1,376.54	81.76	-
Q1 2023	1,341.18	66.41	-
Q2 2023	1,366.98	69.76	-
Q3 2023	1,352.17	86.77	-
Q4 2023	1,382.63	58.37	17.09
Q1 2024	1,441.98	74.44	-

Period	Retail Sales	Wholesale	Logistic Services
2020	4,795.48	166.59	-
2021	4,885.99	148.39	-
2022	5,175.91	196.33	-
2023	5,442.96	281.31	17.09

Analysts Estimates (Million)

Item	Q1 2024 (e)	Q1 2024 (a)	Change‬
Average	96.20	95.33	(0.9 %)

Estimates vs Actual (Million)

Item	Q1 2024 (e)	Q1 2024 (a)	Change
OSOOL AND BAKHEET	94.30	95.33	1.1 %
United Securities Company	94.00	95.33	1.4 %
Hermes	87.00	95.33	9.6 %
SNB Capital	83.70	95.33	13.9 %
Riyad Capital	122.00	95.33	(21.9) %

Financial Ratios

	Current
Market Cap (M Riyal)	7,412.00
Enterprise Value (EV) (M)	7,944.68
Shares Outstanding ((M))	85.00
EPS ( Riyal) (TTM)	4.10
Book Value (BV) ( Riyal)	15.28
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	21.28
P/E (TTM)	21.28
Price/book	5.71
Return on Average Assets (%) (TTM)	7.3
Return on Average Equity (%) (TTM)	29.3

Aldawaa Medical Services Co. (ALDAWAA)

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Aldawaa profit leaps 25% to SAR 95.3M in Q1 2024

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Current Quarter Comparison (M)

Financial results (Million)

Financial results (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 Q1

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Aldawaa Medical Services Co. (ALDAWAA)

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Aldawaa profit leaps 25% to SAR 95.3M in Q1 2024

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Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q1 2024

Revenue by Business Segment (Latest) 2024 Q1

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Aldawaa Medical Services Co. (ALDAWAA)

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Business Segments (Million)