Sulaiman Al Habib Group’s net profit rises 29% to SAR 319 mln in Q1 2021

Sulaiman Al Habib Group’s net profit rises 29% to SAR 319 mln in Q1 2021

25/04/2021 Argaam Exclusive

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Dr. Sulaiman Al Habib Medical Group (HMG) posted a net profit after Zakat and tax of SAR 319 million in Q1 2021, a rise of 29.3%, from SAR 246.6 million in the year-earlier period.

 

The earnings increase was driven by revenue growth in the hospital segment, due to the increase in numbers of patients and inpatient occupancy. Hospital segment growth was positively reflected in the increase in pharmacy segment revenue as well, in addition to the increase in the company’s solutions segment revenue, compared to the corresponding quarter of the previous year.



Current Quarter Comparison (M)

Compared With The
Item Q1 2020 Q1 2021 Change‬
Revenues 1,343.34 1,694.79 26.2 %
Gross Income 399.85 549.42 37.4 %
Operating Income 258.61 349.63 35.2 %
Net Income 246.60 319.00 29.4 %
Average Shares 350.00 350.00 -
EPS (Riyals) 0.70 0.91 29.4 %

When compared to Q4 2020, net profit was up marginally.

 

Shareholders’ equity, excluding minority interest, rose 8.15% to SAR 5.01 billion in Q1 2021, from SAR 4.63 billion in the same period last year.



Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
Q1 2012 - - - - - - -
Q2 2012 - - - - - - -
Q3 2012 - - - - - - -
Q4 2012 - - - - - - -
Q1 2013 - - - - - - -
Q2 2013 - - - - - - -
Q3 2013 - - - - - - -
Q4 2013 - - - - - - -
Q1 2014 - - - - - - -
Q2 2014 - - - - - - -
Q3 2014 - - - - - - -
Q4 2014 - - - - - - -
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 1,169.41 - 361.40 - 216.53 - 0.62
Q2 2018 1,068.31 - 290.57 - 151.51 - 0.43
Q3 2018 1,145.35 - 354.30 - 207.93 - 0.59
Q4 2018 1,204.57 - 355.74 - 225.34 - 0.64
Q1 2019 1,227.90 5.0 % 404.20 11.8 % 234.08 8.1 % 0.67
Q2 2019 1,157.19 8.3 % 334.70 15.2 % 167.97 10.9 % 0.48
Q3 2019 1,226.74 7.1 % 348.97 (1.5 %) 198.00 (4.8 %) 0.57
Q4 2019 1,404.45 16.6 % 435.67 22.5 % 270.18 19.9 % 0.77
Q1 2020 1,343.34 9.4 % 399.85 (1.1 %) 246.60 5.3 % 0.70
Q2 2020 1,203.01 4.0 % 359.86 7.5 % 192.25 14.5 % 0.55
Q3 2020 1,623.91 32.4 % 558.89 60.2 % 298.80 50.9 % 0.85
Q4 2020 1,691.35 20.4 % 545.81 25.3 % 317.83 17.6 % 0.91
Q1 2021 1,694.79 26.2 % 549.42 37.4 % 319.00 29.4 % 0.91

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2012 - - -
Q2 2012 - - -
Q3 2012 - - -
Q4 2012 - - -
Q1 2013 - - -
Q2 2013 - - -
Q3 2013 - - -
Q4 2013 - - -
Q1 2014 - - -
Q2 2014 - - -
Q3 2014 - - -
Q4 2014 - - -
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 29.69 % 21.84 % 17.47 %
Q1 2019 30.24 % 22.28 % 17.62 %
Q2 2019 30.60 % 22.42 % 17.64 %
Q3 2019 29.97 % 21.82 % 17.14 %
Q4 2019 30.37 % 22.40 % 17.35 %
Q1 2020 29.60 % 22.52 % 17.20 %
Q2 2020 29.83 % 23.35 % 17.52 %
Q3 2020 31.47 % 24.38 % 18.08 %
Q4 2020 31.81 % 24.44 % 18.01 %
Q1 2021 32.42 % 24.53 % 18.15 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2012 - - - -
Q2 2012 - - - -
Q3 2012 - - - -
Q4 2012 - - - -
Q1 2013 - - - -
Q2 2013 - - - -
Q3 2013 - - - -
Q4 2013 - - - -
Q1 2014 - - - -
Q2 2014 - - - -
Q3 2014 - - - -
Q4 2014 - - - -
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 350.00 - - 11.82
Q2 2018 350.00 - - 12.26
Q3 2018 350.00 - - 12.86
Q4 2018 350.00 2.29 2.29 12.37
Q1 2019 350.00 2.34 2.34 12.43
Q2 2019 350.00 2.39 2.39 11.79
Q3 2019 350.00 2.36 2.36 12.36
Q4 2019 350.00 2.49 2.49 12.55
Q1 2020 350.00 2.52 2.52 13.25
Q2 2020 350.00 2.59 2.59 13.29
Q3 2020 350.00 2.88 2.88 13.74
Q4 2020 350.00 3.02 3.02 14.03
Q1 2021 350.00 3.22 3.22 14.33

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2012 - - -
Q2 2012 - - -
Q3 2012 - - -
Q4 2012 - - -
Q1 2013 - - -
Q2 2013 - - -
Q3 2013 - - -
Q4 2013 - - -
Q1 2014 - - -
Q2 2014 - - -
Q3 2014 - - -
Q4 2014 - - -
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 21.77 21.77 4.14
Q2 2020 29.06 29.06 5.67
Q3 2020 33.48 33.48 7.01
Q4 2020 36.14 36.14 7.77
Q1 2021 38.48 38.48 8.65

Business Segments (Million)

Compared With The
Period Hospitals Pharmacies Others
Q1 2018 970.00 189.00 10.00
Q2 2018 865.00 174.00 30.00
Q3 2018 908.00 175.00 62.00
Q4 2018 938.00 199.00 68.00
Q1 2019 999.00 208.00 21.00
Q2 2019 916.00 201.00 40.00
Q3 2019 984.00 203.00 40.00
Q4 2019 1,102.00 242.00 60.00
Q1 2020 1,053.00 237.00 53.00
Q2 2020 931.00 209.00 63.00
Q3 2020 1,272.00 261.00 91.00
Q4 2020 1,346.00 294.00 52.00
Q1 2021 1,320.00 313.00 62.00

Analysts Estimates (Million)

Item Q1 2021 (e) Q1 2021 (a) Change‬
Average 300.08 319.00 6.31 %

Estimates vs Actual (Million)

Item Q1 2021 (e) Q1 2021 (a) Change
Riyad Capital 320.00 319.00 (0.3) %
OSOOL AND BAKHEET 307.30 319.00 3.8 %
AlJazira Capital 299.00 319.00 6.7 %
SNB Capital 274.00 319.00 16.4 %

Current
Market Cap (M Riyal) 100,380.00
Enterprise Value (EV) (M) 103,708.16
Shares Outstanding ((M)) 350.00
EPS ( Riyal) (TTM) 6.02
Book Value (BV) ( Riyal) 18.96
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 48.96
P/E (TTM) 47.63
Price/book 15.13
Return on Average Assets (%) (TTM) 13.8
Return on Average Equity (%) (TTM) 33.2

Share Price

Dr. Sulaiman Al Habib Medical Services Group (SULAIMAN ALHABIB)


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