Leejam Sports Co. (Fitness Time) reported a rise of 25% in its annual net profit to SAR 257.3 million, compared to SAR 206 million in 2021.
Item | 2021 | 2022 | Change |
---|---|---|---|
Revenues | 885.28 | 1,065.79 | 20.4 % |
Gross Income | 373.04 | 433.62 | 16.2 % |
Operating Income | 259.53 | 314.43 | 21.2 % |
Net Income | 206.02 | 254.76 | 23.7 % |
Average Shares | 52.38 | 52.38 | - |
EPS (Riyals) | 3.93 | 4.86 | 23.7 % |
The gym operator reported higher revenue, thanks to an increase in the number of operating centers after opening 11 new centers during the year, various promotional campaigns, in addition to the increase in number of operating days, compared to 2021.
The better revenue was driven by a rise in subscriptions and membership revenue by SAR 157.4 million. Personal training (PT) revenue also increased by SAR 12.7 million, with rental income and other income growing by SAR 10.4 million in the same period.
The fourth-quarter net profit also climbed 25% to SAR 107.2 million, from SAR 85.91 million in Q4 2021.
Leejam’s net profit rose 57.5% in Q4 2022 from SAR 68.06 million in Q3 2022.
Item | Q4 2021 | Q4 2022 | Change |
---|---|---|---|
Revenues | 261.03 | 336.72 | 29.0 % |
Gross Income | 125.38 | 162.68 | 29.7 % |
Operating Income | 101.15 | 117.88 | 16.5 % |
Net Income | 85.91 | 104.66 | 21.8 % |
Average Shares | 52.38 | 52.38 | - |
EPS (Riyals) | 1.64 | 2.00 | 21.8 % |
Total shareholders’ equity, no minority interest, increased to SAR 938.5 million as of Dec. 31, 2022, compared to SAR 804.6 million a year earlier.
Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
---|---|---|---|---|---|---|
Q1 2022 | 231.62 | 55.9 % | 85.72 | 181.3 % | 59.06 | 1190.8 % |
Q2 2022 | 232.99 | 5.0 % | 78.05 | (12.0 %) | 52.04 | (18.8 %) |
Q3 2022 | 264.45 | 4.2 % | 107.18 | (16.6 %) | 85.46 | (4.7 %) |
Q4 2022 | 336.72 | 29.0 % | 162.68 | 29.7 % | 117.88 | 16.5 % |
2022 | 1,065.79 | 20.4 % | 433.62 | 16.2 % | 314.43 | 21.2 % |
Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS Before XO Items |
---|---|---|---|---|---|---|
Q1 2022 | 46.01 | 759.8 % | 0.88 | - | 46.01 | 0.88 |
Q2 2022 | 36.02 | (29.2 %) | 0.69 | - | 36.02 | 0.69 |
Q3 2022 | 68.06 | (10.7 %) | 1.30 | - | 68.06 | 1.30 |
Q4 2022 | 104.66 | 21.8 % | 2.00 | 6.17 | 98.49 | 1.88 |
2022 | 254.76 | 23.7 % | 4.86 | 6.17 | 248.59 | 4.75 |
Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
---|---|---|---|
Q1 2022 | 44.23 % | 54.42 % | 26.75 % |
Q2 2022 | 42.63 % | 53.18 % | 24.93 % |
Q3 2022 | 40.03 % | 52.70 % | 23.84 % |
Q4 2022 | 40.69 % | 51.31 % | 23.32 % |
2022 | 40.69 % | 51.31 % | 23.32 % |
Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
---|---|---|---|---|
Q1 2022 | 52.38 | 4.94 | 4.94 | 15.37 |
Q2 2022 | 52.38 | 4.66 | 4.66 | 15.60 |
Q3 2022 | 52.38 | 4.51 | 4.51 | 16.55 |
Q4 2022 | 52.38 | 4.86 | 4.75 | 17.46 |
Period | P/E | Adjusted P/E | Price/book |
---|---|---|---|
Q1 2022 | 25.48 | 25.48 | 8.20 |
Q2 2022 | 19.20 | 19.20 | 5.74 |
Q3 2022 | 17.16 | 17.16 | 4.67 |
Q4 2022 | 17.27 | 17.70 | 4.81 |
Q4 2022
Period | Male fitness center | Female fitness center |
---|---|---|
Q1 2022 | 175.45 | 56.17 |
Q2 2022 | 180.60 | 52.39 |
Q3 2022 | 200.12 | 64.33 |
Q4 2022 | 251.99 | 84.73 |
Item | Q4 2022 (e) | Q4 2022 (a) | Change |
---|---|---|---|
Average | 76.35 | 104.66 | 37.08 % |
Item | Q4 2022 (e) | Q4 2022 (a) | Change |
---|---|---|---|
Sico | 86.00 | 104.66 | 21.7 % |
Hermes | 84.00 | 104.66 | 24.6 % |
AlJazira Capital | 76.80 | 104.66 | 36.3 % |
Al Rajhi Capital | 72.00 | 104.66 | 45.4 % |
SNB Capital | 70.30 | 104.66 | 48.9 % |
U-Capital | 69.00 | 104.66 | 51.7 % |
Current | |
Market Cap (M Riyal) | 9,858.48 |
Enterprise Value (EV) (M) | 9,836.41 |
Shares Outstanding ((M)) | 52.38 |
EPS ( Riyal) (TTM) | 9.23 |
Book Value (BV) ( Riyal) | 23.98 |
Par Value ( Riyal) | 10.00 |
Adjusted P/E (Last12) | 26.20 |
P/E (TTM) | 20.39 |
Price/book | 7.85 |
Return on Average Assets (%) (TTM) | 14.1 |
Return on Average Equity (%) (TTM) | 42.6 |
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