Riyadh Cables profit up 47% to SAR 565.5M in 9M 2023; Q3 at SAR 235.9M
03/11/2024
Argaam Exclusive
View other reports
Riyadh Cables Co. reported a net profit of SAR 565.5 million in the first nine months of 2024, up 47% from SAR 384.6 million a year earlier on higher sales revenue coupled with product mix.
Financials (M)
| Item | 9m 2023 | 9m 2024 | Change |
|---|---|---|---|
| Revenues | 5,935.52 | 6,510.84 | 9.7 % |
| Gross Income | 734.65 | 954.25 | 29.9 % |
| Operating Income | 476.80 | 682.33 | 43.1 % |
| Net Income | 384.62 | 565.50 | 47.0 % |
| Average Shares | 150.00 | 150.00 | - |
| EPS (Riyals) | 2.56 | 3.77 | 47.0 % |
Compared With The
Current Quarter Comparison (M)
| Item | Q3 2023 | Q3 2024 | Change |
|---|---|---|---|
| Revenues | 2,080.72 | 2,433.15 | 16.9 % |
| Gross Income | 279.21 | 401.47 | 43.8 % |
| Operating Income | 164.22 | 280.25 | 70.7 % |
| Net Income | 132.73 | 235.86 | 77.7 % |
| Average Shares | 150.00 | 150.00 | - |
| EPS (Riyals) | 0.88 | 1.57 | 77.7 % |
The third-quarter net profit grew 78% to SAR 235.9 million from SAR 132.7 million in Q3 2023.
The Q3 2023 earnings rose 47.9% from SAR 159.4 million in the previous quarter.
Total shareholders’ equity, excluding minority interest, reached SAR 2.64 billion as of Sept. 30, 2024, compared to SAR 2.27 billion a year earlier.
Financial results (Million)
| Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
|---|---|---|---|---|---|---|
| Q1 2024 | 2,031.55 | 4.9 % | 283.20 | 29.5 % | 215.15 | 28.4 % |
| Q2 2024 | 2,046.15 | 6.7 % | 269.57 | 13.9 % | 200.67 | 27.3 % |
| Q3 2024 | 2,433.15 | 16.9 % | 401.47 | 43.8 % | 280.25 | 70.7 % |
Profit Performance (Million)
| Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS Before XO Items |
|---|---|---|---|---|---|---|
| Q1 2024 | 170.22 | 36.3 % | 1.13 | - | 170.22 | 1.13 |
| Q2 2024 | 159.43 | 25.6 % | 1.06 | - | 159.43 | 1.06 |
| Q3 2024 | 235.86 | 77.7 % | 1.57 | - | 235.86 | 1.57 |
Profitability
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| Q1 2024 | 13.10 % | 9.90 % | 7.42 % |
| Q2 2024 | 13.30 % | 10.27 % | 7.64 % |
| Q3 2024 | 14.19 % | - | 8.46 % |
Compared With The
Per Share Data (Riyal)
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| Q1 2024 | 150.00 | 3.76 | 3.92 | 16.24 |
| Q2 2024 | 150.00 | 3.98 | 4.10 | 16.03 |
| Q3 2024 | 150.00 | 4.66 | 4.74 | 17.64 |
Multiple Ratios (End of Period Price)
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| Q1 2024 | 26.22 | 25.18 | 6.07 |
| Q2 2024 | 25.10 | 24.36 | 6.23 |
| Q3 2024 | 21.25 | 20.92 | 5.62 |
Business Segments (Million)
Q3 2024
| Period | Cables and Wires | HV Projects | Other |
|---|---|---|---|
| Q1 2024 | 1,970.33 | 55.64 | 5.58 |
| Q2 2024 | 1,901.61 | 140.39 | 4.15 |
| Q3 2024 | 2,365.59 | 60.88 | 6.68 |
Analysts Estimates (Million)
| Item | Q3 2024 (e) | Q3 2024 (a) | Change |
|---|---|---|---|
| Average | 176.98 | 234.70 | 32.62 % |
Estimates vs Actual (Million)
| Item | Q3 2024 (e) | Q3 2024 (a) | Change |
|---|---|---|---|
| Value Capital | 188.69 | 234.70 | 24.4 % |
| Riyad Capital | 181.00 | 234.70 | 29.7 % |
| GIB Capital | 178.00 | 234.70 | 31.9 % |
| AlJazira Capital | 169.20 | 234.70 | 38.7 % |
| Al Rajhi Capital | 168.00 | 234.70 | 39.7 % |
| Current | |
| Market Cap (M Riyal) | 17,550.00 |
| Enterprise Value (EV) (M) | 18,295.45 |
| Shares Outstanding ((M)) | 150.00 |
| EPS ( Riyal) (TTM) | 4.66 |
| Book Value (BV) ( Riyal) | 17.64 |
| Par Value ( Riyal) | 10.00 |
| Adjusted P/E (Last12) | 24.70 |
| P/E (TTM) | 25.08 |
| Price/book | 6.63 |
| Return on Average Assets (%) (TTM) | 12.9 |
| Return on Average Equity (%) (TTM) | 28.4 |
Share Price
Riyadh Cables Group Co. (RIYADH CABLES)
Follow us on
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}