Al Yamamah Steel turns to SAR 70.8M profit in FY 2023/24; Q4 at SAR 4.3M

26/12/2024 Argaam Exclusive

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Al Yamamah Steel Industries Co. reported a net profit of SAR 70.8 million in the fiscal year ended Sept. 30, 2024, against a loss of SAR 130.1 million a year earlier.

Financials (M)

Item	2023	2024	Change‬
Revenues	1,559.53	1,956.59	25.5 %
Gross Income	(81.51)	223.90	374.7 %
Operating Income	(147.03)	138.64	194.3 %
Net Income	(130.14)	70.80	154.4 %
Average Shares	50.80	50.80	-
Earnings Per Share before unusual items	(3.61)	1.39	138.6 %
EPS (Riyals)	(2.56)	1.39	154.4 %

The improved performance was attributed to higher revenues due to a year-on-year (YoY) surge in sales value and volumes in the renewable energy segment by 340.45% and 303.78%, respectively. The electricity segment's sales value also increased by 2.49% YoY. In addition, the construction segment posted a rise of 7.21% and 1.92% in sales volumes and value, respectively, compared to the year-earlier period.

Moreover, the cost of sales in the construction, electricity, and solar energy segments decreased YoY by 20.82%, 7.56%, and 10.35%, respectively. These rates are higher than the decrease in the selling prices of products in the construction and electricity segments, which amounted to 8.33% and 4.93%, respectively.

Financing costs fell by 3.05% (SAR 2.1 million) due to a decrease in short-term loan balances.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2023	Q4 2024	Change‬
Revenues	445.40	403.25	(9.5 %)
Gross Income	(58.18)	35.02	160.2 %
Operating Income	(72.37)	15.92	122.0 %
Net Income	(22.98)	4.26	118.6 %
Average Shares	50.80	50.80	-
Earnings Per Share before unusual items	(1.77)	0.08	104.7 %
EPS (Riyals)	(0.45)	0.08	118.6 %

Item	Q3 2024	Q4 2024	Change‬
Revenues	425.68	403.25	(5.3 %)
Gross Income	47.56	35.02	(26.4 %)
Operating Income	25.83	15.92	(38.3 %)
Net Income	6.45	4.26	(33.9 %)
Average Shares	50.80	50.80	-
Earnings Per Share before unusual items	0.13	0.08	(33.9 %)
EPS (Riyals)	0.13	0.08	(33.9 %)

On the other hand, selling and distribution expenses rose by 54.95% (SAR 11.35 million) YoY, and administrative expenses increased by 14.88% (SAR 6.89 million).

The company reported a net profit of SAR 4.3 million in Q4 2023/2024, against a loss of SAR 22.98 million a year earlier.

Sequentially, the company's Q4 earnings dropped 33.9% from SAR 6.45 million in the previous quarter.

Shareholders’ equity, after minority interest, stood at SAR 589.08 million at the end of the current period, compared with SAR 518.15 million a year earlier.

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Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2015	500.78	-	71.20	-	55.84	-
Q2 2015	650.88	-	72.99	-	53.45	-
Q3 2015	540.78	(18.3 %)	92.64	11.7 %	72.80	12.3 %
Q4 2015	327.80	(24.8 %)	45.56	17.3 %	29.71	40.2 %
2015	2,020.24	0.4 %	282.39	15.2 %	211.80	17.9 %
Q1 2016	435.46	(13.0 %)	59.61	(16.3 %)	41.69	(25.3 %)
Q2 2016	460.60	(29.2 %)	97.02	32.9 %	70.85	32.6 %
Q3 2016	471.48	(12.8 %)	124.12	34.0 %	101.77	39.8 %
Q4 2016	280.42	(14.5 %)	53.16	16.7 %	31.61	6.4 %
2016	1,648.06	(18.4 %)	335.95	19.0 %	249.01	17.6 %
Q1 2017	325.44	(25.3 %)	59.55	(0.1 %)	41.30	(0.9 %)
Q2 2017	371.99	(19.2 %)	80.81	(16.7 %)	61.34	(13.4 %)
Q3 2017	286.42	(39.3 %)	42.20	(66.0 %)	26.22	(74.2 %)
Q4 2017	265.91	(5.2 %)	47.64	(10.4 %)	31.25	(1.1 %)
2017	1,249.75	(24.2 %)	229.40	(31.7 %)	159.01	(36.1 %)
Q1 2018	252.24	(22.5 %)	23.79	(60.0 %)	8.51	(79.4 %)
Q2 2018	240.72	(35.3 %)	25.13	(68.9 %)	9.94	(83.8 %)
Q3 2018	201.38	(29.7 %)	12.04	(71.5 %)	(1.41)	(105.4 %)
Q4 2018	185.18	(30.4 %)	(5.15)	(110.8 %)	(22.30)	(171.3 %)
2018	879.53	(29.6 %)	55.82	(75.7 %)	(5.26)	(103.3 %)
Q1 2019	198.79	(21.2 %)	(15.82)	(166.5 %)	(29.52)	(447.1 %)
Q2 2019	284.18	18.1 %	21.68	(13.7 %)	6.30	(36.6 %)
Q3 2019	209.84	4.2 %	20.01	66.2 %	5.49	488.3 %
Q4 2019	266.47	43.9 %	7.52	246.0 %	(9.67)	56.6 %
2019	959.28	9.1 %	33.38	(40.2 %)	(27.39)	(420.6 %)
Q1 2020	405.39	103.9 %	18.89	219.4 %	0.73	102.5 %
Q2 2020	593.33	108.8 %	76.48	252.8 %	52.20	728.1 %
Q3 2020	394.99	88.2 %	32.45	62.2 %	12.68	130.9 %
Q4 2020	473.71	77.8 %	73.84	882.2 %	48.09	597.4 %
2020	1,867.42	94.7 %	201.67	504.1 %	113.69	515.1 %
Q1 2021	434.87	7.3 %	79.24	319.4 %	60.65	8254.5 %
Q2 2021	453.02	(23.6 %)	100.98	32.0 %	79.47	52.3 %
Q3 2021	405.50	2.7 %	103.81	219.9 %	82.98	554.5 %
Q4 2021	325.63	(31.3 %)	80.15	8.5 %	57.19	18.9 %
2021	1,619.03	(13.3 %)	364.17	80.6 %	280.30	146.5 %
Q1 2022	464.24	6.8 %	66.20	(16.5 %)	45.87	(24.4 %)
Q2 2022	448.31	(1.0 %)	67.47	(33.2 %)	50.55	(36.4 %)
Q3 2022	237.25	(41.5 %)	23.61	(77.3 %)	9.59	(88.4 %)
Q4 2022	315.18	(3.2 %)	(23.19)	(128.9 %)	(31.82)	(155.6 %)
2022	1,464.98	(9.5 %)	134.09	(63.2 %)	74.19	(73.5 %)
Q1 2023	461.85	(0.5 %)	(42.90)	(164.8 %)	(60.86)	(232.7 %)
Q2 2023	387.03	(13.7 %)	7.06	(89.5 %)	(9.26)	(118.3 %)
Q3 2023	265.25	11.8 %	12.51	(47.0 %)	(4.54)	(147.4 %)
Q4 2023	445.40	41.3 %	(58.18)	(150.9 %)	(72.37)	(127.4 %)
2023	1,559.53	6.5 %	(81.51)	(160.8 %)	(147.03)	(298.2 %)
Q1 2024	630.72	36.6 %	72.93	270.0 %	49.12	180.7 %
Q2 2024	496.94	28.4 %	68.38	868.2 %	47.77	615.9 %
Q3 2024	425.68	60.5 %	47.56	280.3 %	25.83	668.5 %
Q4 2024	403.25	(9.5 %)	35.02	160.2 %	15.92	122.0 %
2024	1,956.59	25.5 %	223.90	374.7 %	138.64	194.3 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2015	2,020.24	0.4 %	282.39	15.2 %	211.80	17.9 %
2016	1,648.06	(18.4 %)	335.95	19.0 %	249.01	17.6 %
2017	1,249.75	(24.2 %)	229.40	(31.7 %)	159.01	(36.1 %)
2018	879.53	(29.6 %)	55.82	(75.7 %)	(5.26)	(103.3 %)
2019	959.28	9.1 %	33.38	(40.2 %)	(27.39)	(420.6 %)
2020	1,867.42	94.7 %	201.67	504.1 %	113.69	515.1 %
2021	1,619.03	(13.3 %)	364.17	80.6 %	280.30	146.5 %
2022	1,464.98	(9.5 %)	134.09	(63.2 %)	74.19	(73.5 %)
2023	1,559.53	6.5 %	(81.51)	(160.8 %)	(147.03)	(298.2 %)
2024	1,956.59	25.5 %	223.90	374.7 %	138.64	194.3 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	Earnings Per Share before unusual items
Q1 2015	44.09	-	0.87	-	44.09	0.87
Q2 2015	41.61	-	0.82	-	41.61	0.82
Q3 2015	54.50	12.4 %	1.07	-	54.50	1.07
Q4 2015	18.54	23.5 %	0.36	-	18.54	0.36
2015	158.74	20.3 %	3.12	-	158.74	3.12
Q1 2016	34.82	(21.0 %)	0.69	-	34.82	0.69
Q2 2016	55.66	33.8 %	1.10	-	55.66	1.10
Q3 2016	67.88	24.6 %	1.34	(12.31)	80.19	1.58
Q4 2016	20.04	8.1 %	0.39	-	20.04	0.39
2016	181.51	14.3 %	3.57	(12.31)	193.82	3.82
Q1 2017	28.99	(16.7 %)	0.57	-	28.99	0.57
Q2 2017	48.15	(13.5 %)	0.95	-	48.15	0.95
Q3 2017	17.21	(74.6 %)	0.34	-	17.21	0.34
Q4 2017	18.91	(5.6 %)	0.37	-	18.91	0.37
2017	111.66	(38.5 %)	2.20	-	111.66	2.20
Q1 2018	6.73	(76.8 %)	0.13	-	6.73	0.13
Q2 2018	4.29	(91.1 %)	0.08	-	4.29	0.08
Q3 2018	(5.61)	(132.6 %)	(0.11)	-	(5.61)	(0.11)
Q4 2018	(26.94)	(242.4 %)	(0.53)	-	(26.94)	(0.53)
2018	(21.53)	(119.3 %)	(0.42)	-	(21.53)	(0.42)
Q1 2019	(30.18)	(548.6 %)	(0.59)	-	(30.18)	(0.59)
Q2 2019	10.97	155.7 %	0.22	14.15	(3.18)	(0.06)
Q3 2019	(2.00)	64.4 %	(0.04)	-	(2.00)	(0.04)
Q4 2019	(18.67)	30.7 %	(0.37)	-	(18.67)	(0.37)
2019	(39.88)	(85.3 %)	(0.78)	14.15	(54.03)	(1.06)
Q1 2020	(7.58)	74.9 %	(0.15)	-	(7.58)	(0.15)
Q2 2020	32.06	192.2 %	0.63	-	32.06	0.63
Q3 2020	0.93	146.6 %	0.02	-	0.93	0.02
Q4 2020	25.25	235.3 %	0.50	-	25.25	0.50
2020	50.66	227.0 %	1.00	-	50.66	1.00
Q1 2021	42.67	662.6 %	0.84	-	42.67	0.84
Q2 2021	60.02	87.2 %	1.18	-	60.02	1.18
Q3 2021	65.06	6880.6 %	1.28	-	65.06	1.28
Q4 2021	40.08	58.8 %	0.79	-	40.08	0.79
2021	207.83	310.3 %	4.09	-	207.83	4.09
Q1 2022	34.01	(20.3 %)	0.67	-	34.01	0.67
Q2 2022	35.16	(41.4 %)	0.69	-	35.16	0.69
Q3 2022	0.55	(99.2 %)	0.01	-	0.55	0.01
Q4 2022	(96.38)	(340.4 %)	(1.90)	(55.93)	(40.45)	(0.80)
2022	(26.66)	(112.8 %)	(0.52)	(55.93)	29.27	0.58
Q1 2023	(41.90)	(223.2 %)	(0.82)	24.95	(66.85)	(1.32)
Q2 2023	(17.89)	(150.9 %)	(0.35)	-	(17.89)	(0.35)
Q3 2023	(47.37)	(8708.0 %)	(0.93)	(38.72)	(8.65)	(0.17)
Q4 2023	(22.98)	76.2 %	(0.45)	66.87	(89.84)	(1.77)
2023	(130.14)	(388.2 %)	(2.56)	53.09	(183.23)	(3.61)
Q1 2024	29.55	170.5 %	0.58	-	29.55	0.58
Q2 2024	30.54	270.7 %	0.60	-	30.54	0.60
Q3 2024	6.45	113.6 %	0.13	-	6.45	0.13
Q4 2024	4.26	118.6 %	0.08	-	4.26	0.08
2024	70.80	154.4 %	1.39	-	70.80	1.39

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	Earnings Per Share before unusual items
2015	158.74	20.3 %	3.12	-	158.74	3.12
2016	181.51	14.3 %	3.57	(12.31)	193.82	3.82
2017	111.66	(38.5 %)	2.20	-	111.66	2.20
2018	(21.53)	(119.3 %)	(0.42)	-	(21.53)	(0.42)
2019	(39.88)	(85.3 %)	(0.78)	14.15	(54.03)	(1.06)
2020	50.66	227.0 %	1.00	-	50.66	1.00
2021	207.83	310.3 %	4.09	-	207.83	4.09
2022	(26.66)	(112.8 %)	(0.52)	(55.93)	29.27	0.58
2023	(130.14)	(388.2 %)	(2.56)	53.09	(183.23)	(3.61)
2024	70.80	154.4 %	1.39	-	70.80	1.39

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	-	-	-
Q2 2015	11.82 %	11.41 %	6.63 %
Q3 2015	12.95 %	11.40 %	7.29 %
Q4 2015	13.98 %	12.36 %	7.86 %
2015	13.98 %	12.36 %	7.86 %
Q1 2016	13.85 %	12.09 %	7.65 %
Q2 2016	16.71 %	14.44 %	9.27 %
Q3 2016	19.25 %	15.88 %	11.16 %
Q4 2016	20.26 %	17.22 %	11.57 %
2016	20.38 %	17.41 %	11.76 %
Q1 2017	21.71 %	18.41 %	12.02 %
Q2 2017	21.92 %	18.77 %	12.24 %
Q3 2017	18.64 %	16.88 %	9.05 %
Q4 2017	18.42 %	15.90 %	9.06 %
2017	18.36 %	15.82 %	8.93 %
Q1 2018	16.53 %	13.88 %	7.73 %
Q2 2018	13.28 %	11.05 %	4.51 %
Q3 2018	11.31 %	8.90 %	2.53 %
Q4 2018	6.35 %	3.92 %	(2.45 %)
2018	6.35 %	3.92 %	(2.45 %)
Q1 2019	1.96 %	(0.18 %)	(7.07 %)
Q2 2019	1.47 %	(0.94 %)	(7.58 %)
Q3 2019	2.36 %	(0.09 %)	(7.10 %)
Q4 2019	3.48 %	1.23 %	(5.63 %)
2019	3.48 %	1.23 %	(5.63 %)
Q1 2020	5.84 %	3.80 %	(2.70 %)
Q2 2020	8.33 %	6.15 %	0.26 %
Q3 2020	8.15 %	5.93 %	0.41 %
Q4 2020	10.80 %	8.53 %	2.71 %
2020	10.80 %	8.53 %	2.71 %
Q1 2021	13.81 %	11.53 %	5.32 %
Q2 2021	16.31 %	13.99 %	7.34 %
Q3 2021	20.25 %	17.91 %	10.92 %
Q4 2021	22.49 %	20.14 %	12.84 %
2021	22.49 %	20.14 %	12.84 %
Q1 2022	21.30 %	18.90 %	12.08 %
Q2 2022	19.32 %	17.29 %	10.61 %
Q3 2022	16.09 %	14.36 %	7.44 %
Q4 2022	9.15 %	8.27 %	2.00 %
2022	9.15 %	8.27 %	2.00 %
Q1 2023	1.71 %	1.06 %	(4.89 %)
Q2 2023	(2.53 %)	(3.11 %)	(8.89 %)
Q3 2023	(3.25 %)	(4.02 %)	(9.36 %)
Q4 2023	(5.23 %)	(6.29 %)	(11.75 %)
2023	(5.23 %)	(6.29 %)	(11.75 %)
Q1 2024	1.99 %	0.66 %	(5.02 %)
Q2 2024	5.20 %	3.71 %	(2.09 %)
Q3 2024	6.54 %	4.93 %	(1.17 %)
Q4 2024	11.44 %	9.54 %	3.62 %
2024	11.44 %	9.54 %	3.62 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2015	13.98 %	12.36 %	7.86 %
2016	20.38 %	17.41 %	11.76 %
2017	18.36 %	15.82 %	8.93 %
2018	6.35 %	3.92 %	(2.45 %)
2019	3.48 %	1.23 %	(5.63 %)
2020	10.80 %	8.53 %	2.71 %
2021	22.49 %	20.14 %	12.84 %
2022	9.15 %	8.27 %	2.00 %
2023	(5.23 %)	(6.29 %)	(11.75 %)
2024	11.44 %	9.54 %	3.62 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	14.22 %	13.10 %	8.80 %
Q2 2015	11.21 %	9.66 %	6.39 %
Q3 2015	17.13 %	15.19 %	10.08 %
Q4 2015	13.90 %	11.93 %	5.66 %
Q1 2016	13.69 %	12.00 %	8.00 %
Q2 2016	21.06 %	17.65 %	12.08 %
Q3 2016	26.32 %	20.49 %	17.01 %
Q4 2016	18.96 %	19.14 %	7.14 %
Q1 2017	18.30 %	15.84 %	8.91 %
Q2 2017	21.72 %	18.86 %	12.94 %
Q3 2017	14.73 %	13.26 %	6.01 %
Q4 2017	17.92 %	14.69 %	7.11 %
Q1 2018	9.43 %	6.36 %	2.67 %
Q2 2018	10.44 %	9.31 %	1.78 %
Q3 2018	5.98 %	3.95 %	(2.78 %)
Q4 2018	(2.78 %)	(6.45 %)	(14.55 %)
Q1 2019	(7.96 %)	(10.04 %)	(15.18 %)
Q2 2019	7.63 %	5.54 %	(1.12 %)
Q3 2019	9.54 %	7.35 %	(0.95 %)
Q4 2019	2.82 %	0.21 %	(7.00 %)
Q1 2020	4.66 %	3.10 %	(1.87 %)
Q2 2020	12.89 %	10.48 %	5.40 %
Q3 2020	8.22 %	5.85 %	0.24 %
Q4 2020	15.59 %	12.97 %	5.33 %
Q1 2021	18.22 %	16.55 %	9.81 %
Q2 2021	22.29 %	19.71 %	13.25 %
Q3 2021	25.60 %	23.12 %	16.04 %
Q4 2021	24.61 %	21.79 %	12.31 %
Q1 2022	14.26 %	12.38 %	7.33 %
Q2 2022	15.05 %	13.83 %	7.84 %
Q3 2022	9.95 %	9.02 %	0.23 %
Q4 2022	(7.36 %)	(6.23 %)	(12.84 %)
Q1 2023	(9.29 %)	(10.45 %)	(14.47 %)
Q2 2023	1.82 %	0.77 %	(4.62 %)
Q3 2023	4.72 %	2.80 %	(3.26 %)
Q4 2023	(13.06 %)	(13.51 %)	(20.17 %)
Q1 2024	11.56 %	9.71 %	4.68 %
Q2 2024	13.76 %	12.03 %	6.15 %
Q3 2024	11.17 %	8.85 %	1.51 %
Q4 2024	8.68 %	6.93 %	1.06 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Earnings Per Share before unusual items (Riyal)	Book Value (BV)
Q1 2015	50.80	-	-	11.35
Q2 2015	50.80	2.94	2.94	12.17
Q3 2015	50.80	3.06	3.06	11.99
Q4 2015	50.80	3.12	3.12	12.36
Q1 2016	50.80	2.94	2.94	11.79
Q2 2016	50.80	3.22	3.22	12.89
Q3 2016	50.80	3.48	3.72	13.07
Q4 2016	50.80	3.51	3.75	13.46
Q1 2017	50.80	3.40	3.64	12.72
Q2 2017	50.80	3.25	3.49	13.65
Q3 2017	50.80	2.25	2.25	13.03
Q4 2017	50.80	2.23	2.23	13.24
Q1 2018	50.80	1.79	1.79	13.37
Q2 2018	50.80	0.93	0.93	12.95
Q3 2018	50.80	0.48	0.48	12.84
Q4 2018	50.80	(0.42)	(0.42)	12.46
Q1 2019	50.80	(1.15)	(1.15)	11.87
Q2 2019	50.80	(1.02)	(1.30)	12.08
Q3 2019	50.80	(0.95)	(1.23)	12.04
Q4 2019	50.80	(0.78)	(1.06)	11.66
Q1 2020	50.80	(0.34)	(0.62)	11.51
Q2 2020	50.80	0.08	0.08	12.14
Q3 2020	50.80	0.13	0.13	12.16
Q4 2020	50.80	1.00	1.00	12.65
Q1 2021	50.80	1.99	1.99	13.49
Q2 2021	50.80	2.54	2.54	13.67
Q3 2021	50.80	3.80	3.80	14.20
Q4 2021	50.80	4.09	4.09	15.03
Q1 2022	50.80	3.92	3.92	14.70
Q2 2022	50.80	3.43	3.43	15.39
Q3 2022	50.80	2.16	2.16	14.65
Q4 2022	50.80	(0.52)	0.58	12.73
Q1 2023	50.80	(2.02)	(1.41)	11.90
Q2 2023	50.80	(3.06)	(2.45)	11.55
Q3 2023	50.80	(4.01)	(2.63)	10.62
Q4 2023	50.80	(2.56)	(3.61)	10.20
Q1 2024	50.80	(1.16)	(1.71)	10.78
Q2 2024	50.80	(0.20)	(0.76)	11.38
Q3 2024	50.80	0.86	(0.46)	11.51
Q4 2024	50.80	1.39	1.39	11.60

Period	Shares Outstanding (M)	EPS (Riyal)	Earnings Per Share before unusual items (Riyal)	Book Value (BV)
2015	50.80	3.12	3.12	12.36
2016	50.80	3.57	3.82	13.46
2017	50.80	2.20	2.20	13.24
2018	50.80	(0.42)	(0.42)	12.46
2019	50.80	(0.78)	(1.06)	11.66
2020	50.80	1.00	1.00	12.65
2021	50.80	4.09	4.09	15.03
2022	50.80	(0.52)	0.58	12.73
2023	50.80	(2.56)	(3.61)	10.20
2024	50.80	1.39	1.39	11.60

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	10.77	10.77	2.69
Q3 2016	6.67	6.24	1.78
Q4 2016	8.29	7.75	2.16
Q1 2017	8.33	7.78	2.23
Q2 2017	8.16	7.60	1.94
Q3 2017	11.06	11.06	1.91
Q4 2017	11.17	11.17	1.88
Q1 2018	12.39	12.39	1.66
Q2 2018	20.67	20.67	1.48
Q3 2018	34.83	34.83	1.30
Q4 2018	NEG	NEG	1.17
Q1 2019	NEG	NEG	1.61
Q2 2019	NEG	NEG	1.42
Q3 2019	NEG	NEG	1.44
Q4 2019	NEG	NEG	1.62
Q1 2020	NEG	NEG	1.34
Q2 2020	More than 100	More than 100	1.44
Q3 2020	More than 100	More than 100	1.93
Q4 2020	29.73	29.73	2.34
Q1 2021	19.84	19.84	2.92
Q2 2021	21.56	21.56	4.00
Q3 2021	12.50	12.50	3.35
Q4 2021	10.61	10.61	2.89
Q1 2022	10.83	10.83	2.89
Q2 2022	9.54	9.54	2.13
Q3 2022	13.37	13.37	1.97
Q4 2022	NEG	38.87	1.76
Q1 2023	NEG	NEG	1.87
Q2 2023	NEG	NEG	2.41
Q3 2023	NEG	NEG	2.39
Q4 2023	NEG	NEG	2.43
Q1 2024	NEG	NEG	3.81
Q2 2024	NEG	NEG	3.16
Q3 2024	41.98	NEG	3.13
Q4 2024	24.00	24.00	2.88

Period	P/E	Adjusted P/E	Price/book
2015	-	-	-
2016	8.14	7.63	2.16
2017	11.33	11.33	1.88
2018	NEG	NEG	1.17
2019	NEG	NEG	1.62
2020	29.73	29.73	2.34
2021	10.61	10.61	2.89
2022	NEG	38.87	1.76
2023	NEG	NEG	2.43
2024	24.00	24.00	2.88

Business Segments (Million)

Compared With The

Period	Construction sector	Electricity sector	Renewable Energy Sector	Pipelines factory	Electric poles factory	Frames factory	Electric power towers factory	Al Yamamah for reinforcing steel bars
Q1 2015	-	-	-	115.90	43.21	4.62	61.62	275.43
Q2 2015	-	-	-	125.10	62.12	5.12	62.00	396.53
Q3 2015	-	-	-	122.92	54.58	5.79	50.75	306.75
Q4 2015	-	-	-	84.92	45.57	4.78	50.14	142.39
Q1 2016	-	-	-	103.42	51.43	3.50	54.36	222.75
Q2 2016	-	-	-	99.83	47.47	1.79	47.78	263.74
Q3 2016	391.22	80.36	-	-	-	-	-	-
Q4 2016	238.23	42.18	-	-	-	-	-	-
Q1 2017	278.88	46.55	-	-	-	-	-	-
Q2 2017	304.43	67.56	-	-	-	-	-	-
Q3 2017	245.49	40.93	-	-	-	-	-	-
Q4 2017	236.12	29.79	-	-	-	-	-	-
Q1 2018	211.85	40.40	-	-	-	-	-	-
Q2 2018	209.10	31.62	-	-	-	-	-	-
Q3 2018	175.20	26.18	-	-	-	-	-	-
Q4 2018	153.20	31.99	-	-	-	-	-	-
Q1 2019	172.07	26.71	-	-	-	-	-	-
Q2 2019	225.52	58.66	-	-	-	-	-	-
Q3 2019	157.14	52.70	-	-	-	-	-	-
Q4 2019	227.02	39.45	-	-	-	-	-	-
Q1 2020	331.96	73.43	-	-	-	-	-	-
Q2 2020	498.51	94.82	-	-	-	-	-	-
Q3 2020	325.03	69.96	-	-	-	-	-	-
Q4 2020	370.31	103.40	-	-	-	-	-	-
Q1 2021	323.82	111.04	-	-	-	-	-	-
Q2 2021	350.03	102.99	-	-	-	-	-	-
Q3 2021	336.55	68.95	-	-	-	-	-	-
Q4 2021	227.54	98.09	-	-	-	-	-	-
Q1 2022	334.09	130.15	-	-	-	-	-	-
Q2 2022	349.24	99.07	-	-	-	-	-	-
Q3 2022	130.39	106.86	-	-	-	-	-	-
Q4 2022	181.28	133.89	-	-	-	-	-	-
Q1 2023	302.11	137.48	22.25	-	-	-	-	-
Q2 2023	235.52	138.69	12.82	-	-	-	-	-
Q3 2023	109.67	139.88	15.70	-	-	-	-	-
Q4 2023	274.63	100.90	69.88	-	-	-	-	-
Q1 2024	286.09	153.83	190.79	-	-	-	-	-
Q2 2024	222.97	134.81	139.17	-	-	-	-	-
Q3 2024	206.14	119.49	100.06	-	-	-	-	-
Q4 2024	224.44	121.67	57.14	-	-	-	-	-

Period	Construction sector	Electricity sector	Renewable Energy Sector	Pipelines factory	Electric poles factory	Frames factory	Electric power towers factory	Al Yamamah for reinforcing steel bars
2015	-	-	-	448.84	205.48	20.31	224.51	1,121.10
2016	1,324.49	323.57	-	-	-	-	-	-
2017	1,064.92	184.83	-	-	-	-	-	-
2018	749.34	130.18	-	-	-	-	-	-
2019	781.75	177.52	-	-	-	-	-	-
2020	1,525.82	341.60	-	-	-	-	-	-
2021	1,237.95	381.07	-	-	-	-	-	-
2022	995.00	469.97	-	-	-	-	-	-
2023	921.94	516.95	120.65	-	-	-	-	-
2024	939.63	529.80	487.16	-	-	-	-	-

Financial Ratios

	Current
Market Cap (M Riyal)	2,019.30
Enterprise Value (EV) (M)	2,899.13
Shares Outstanding ((M))	50.80
EPS ( Riyal) (TTM)	1.39
Book Value (BV) ( Riyal)	11.60
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	28.52
P/E (TTM)	28.52
Price/book	3.43
Return on Average Assets (%) (TTM)	4.0
Return on Average Equity (%) (TTM)	5.9

Al Yamamah Steel Industries Co. (ALYAMAMAH STEEL)

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Al Yamamah Steel turns to SAR 70.8M profit in FY 2023/24; Q4 at SAR 4.3M

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Financials (M)

Current Quarter Comparison (M)

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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)

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Revenue by Business Segment (Latest) 2024 Q4

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Al Yamamah Steel Industries Co. (ALYAMAMAH STEEL)

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Al Yamamah Steel turns to SAR 70.8M profit in FY 2023/24; Q4 at SAR 4.3M

View other reports

Financials (M)

Current Quarter 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) Q4 2024

Revenue by Business Segment (Latest) 2024 Q4

Financial Ratios

Share Price

Al Yamamah Steel Industries Co. (ALYAMAMAH STEEL)

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