Baazeem net profit down 7% to SAR 18.9 mln in 9M 2021

Baazeem net profit down 7% to SAR 18.9 mln in 9M 2021

10/11/2021 Argaam Exclusive

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Baazeem Trading Co. reported a net profit after Zakat and tax of SAR 18.9 million for the first nine months of 2021, a 7% decline compared to SAR 20.4 million in the same period last year.

 

The company attributed the decrease in net profit to lower sales.



Financials (M)

Item 9m 2020 9m 2021 Change‬
Revenues 218.62 198.73 (9.1 %)
Gross Income 83.83 74.97 (10.6 %)
Operating Income 25.29 22.14 (12.5 %)
Net Income 20.39 18.87 (7.4 %)
Average Shares 10.13 10.13 -
EPS (Riyals) 2.01 1.86 (7.4 %)

The company reported a net profit of SAR 4.2 million for Q3 2021, a 15% year-on-year (YoY) decrease.

 

On a sequential basis, net profit fell 14.8% from SAR 4.9 million in Q2 2021 on the change in the company’s brand mix.



Current Quarter Comparison (M)

Compared With The
Item Q3 2020 Q3 2021 Change‬
Revenues 66.00 59.52 (9.8 %)
Gross Income 24.95 20.70 (17.0 %)
Operating Income 6.38 4.82 (24.5 %)
Net Income 4.89 4.18 (14.5 %)
Average Shares 10.13 10.13 -
EPS (Riyals) 0.48 0.41 (14.5 %)

Shareholders’ equity, after minority interest, grew to SAR 192.35 million as of Sept. 30, 2021, from SAR 185.32 million a year earlier.

View more financial results

 


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 77.25 - 33.87 - 10.86 - 1.07
Q4 2015 104.19 - 45.12 - 9.07 - 0.90
Q1 2016 77.45 - 33.22 - 5.89 - 0.58
Q2 2016 96.96 - 41.83 - 10.70 - 1.06
Q3 2016 75.39 (2.4 %) 31.35 (7.4 %) 7.23 (33.5 %) 0.71
Q4 2016 93.68 (10.1 %) 42.49 (5.8 %) 9.38 3.4 % 0.93
Q1 2017 76.35 (1.4 %) 26.08 (21.5 %) 6.36 7.9 % 0.63
Q2 2017 95.25 (1.8 %) 48.57 16.1 % 11.45 7.0 % 1.13
Q3 2017 66.28 (12.1 %) 25.54 (18.5 %) 3.95 (45.4 %) 0.39
Q4 2017 92.66 (1.1 %) 37.10 (12.7 %) 2.80 (70.2 %) 0.28
Q1 2018 71.36 (6.5 %) 28.69 10.0 % 6.47 1.7 % 0.64
Q2 2018 81.36 (14.6 %) 36.62 (24.6 %) 5.34 (53.4 %) 0.53
Q3 2018 65.86 (0.6 %) 26.65 4.3 % 3.66 (7.3 %) 0.36
Q4 2018 83.83 (9.5 %) 32.44 (12.6 %) 4.99 78.5 % 0.49
Q1 2019 64.69 (9.4 %) 21.41 (25.4 %) 7.02 8.5 % 0.69
Q2 2019 66.71 (18.0 %) 21.18 (42.2 %) 5.36 0.4 % 0.53
Q3 2019 60.16 (8.7 %) 17.56 (34.1 %) 3.11 (15.1 %) 0.31
Q4 2019 68.70 (18.0 %) 23.31 (28.1 %) 5.14 3.1 % 0.51
Q1 2020 80.87 25.0 % 31.05 45.1 % 8.91 26.9 % 0.88
Q2 2020 71.75 7.6 % 22.84 7.9 % 6.59 22.9 % 0.65
Q3 2020 66.00 9.7 % 24.95 42.0 % 4.89 57.5 % 0.48
Q4 2020 66.86 (2.7 %) 26.89 15.4 % 5.88 14.4 % 0.58
Q1 2021 79.84 (1.3 %) 29.09 (6.3 %) 9.78 9.8 % 0.97
Q2 2021 59.38 (17.2 %) 25.18 10.2 % 4.91 (25.5 %) 0.48
Q3 2021 59.52 (9.8 %) 20.70 (17.0 %) 4.18 (14.5 %) 0.41

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 43.29 % 11.98 % 10.26 %
Q3 2016 42.80 % 10.50 % 9.29 %
Q4 2016 43.35 % 10.63 % 9.67 %
Q1 2017 41.40 % 10.81 % 9.83 %
Q2 2017 43.59 % 10.79 % 10.10 %
Q3 2017 43.04 % 10.56 % 9.39 %
Q4 2017 41.54 % 9.84 % 7.43 %
Q1 2018 42.98 % 10.24 % 7.58 %
Q2 2018 41.06 % 8.94 % 5.95 %
Q3 2018 41.47 % 9.80 % 5.87 %
Q4 2018 41.14 % 10.38 % 6.76 %
Q1 2019 39.60 % 10.95 % 7.10 %
Q2 2019 36.17 % 11.26 % 7.48 %
Q3 2019 33.62 % 10.70 % 7.43 %
Q4 2019 32.07 % 11.82 % 7.93 %
Q1 2020 33.68 % 12.04 % 8.14 %
Q2 2020 33.67 % 12.56 % 8.44 %
Q3 2020 35.55 % 12.80 % 8.88 %
Q4 2020 37.04 % 12.94 % 9.20 %
Q1 2021 36.48 % 13.25 % 9.54 %
Q2 2021 39.00 % 13.02 % 9.36 %
Q3 2021 38.35 % 12.96 % 9.32 %


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 10.13 - - 16.39
Q4 2015 10.13 - - 17.16
Q1 2016 10.13 - - 17.75
Q2 2016 10.13 3.61 3.61 16.68
Q3 2016 10.13 3.25 3.25 17.39
Q4 2016 10.13 3.28 3.28 18.32
Q1 2017 10.13 3.32 3.32 18.93
Q2 2017 10.13 3.40 3.40 18.04
Q3 2017 10.13 3.08 3.08 18.33
Q4 2017 10.13 2.42 2.42 18.85
Q1 2018 10.13 2.44 2.44 19.49
Q2 2018 10.13 1.83 1.83 18.31
Q3 2018 10.13 1.80 1.80 18.68
Q4 2018 10.13 2.02 2.02 19.17
Q1 2019 10.13 2.07 2.07 19.86
Q2 2019 10.13 2.08 2.08 18.89
Q3 2019 10.13 2.02 2.02 19.20
Q4 2019 10.13 2.04 2.04 17.89
Q1 2020 10.13 2.22 2.22 18.77
Q2 2020 10.13 2.34 2.34 17.82
Q3 2020 10.13 2.52 2.52 18.30
Q4 2020 10.13 2.59 2.59 18.88
Q1 2021 10.13 2.68 2.68 19.85
Q2 2021 10.13 2.51 2.51 18.59
Q3 2021 10.13 2.44 2.44 19.00

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 10.47 10.47 1.84
Q2 2017 7.68 7.68 1.45
Q3 2017 8.07 8.07 1.35
Q4 2017 11.43 11.43 1.47
Q1 2018 9.82 9.82 1.23
Q2 2018 14.58 14.58 1.46
Q3 2018 13.59 13.59 1.31
Q4 2018 14.41 14.41 1.52
Q1 2019 14.08 14.08 1.47
Q2 2019 14.26 14.26 1.57
Q3 2019 14.55 14.55 1.53
Q4 2019 21.04 21.04 2.40
Q1 2020 15.93 15.93 1.89
Q2 2020 20.76 20.76 2.73
Q3 2020 23.97 23.97 3.30
Q4 2020 34.79 34.79 4.78
Q1 2021 40.08 40.08 5.41
Q2 2021 57.85 57.85 7.83
Q3 2021 51.57 51.57 6.64


Financial Ratios
Current
Market Cap (M Riyal) 625.02
Enterprise Value (EV) (M) 596.57
Shares Outstanding ((M)) 10.13
EPS ( Riyal) (TTM) 2.10
Book Value (BV) ( Riyal) 20.01
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 29.44
P/E (TTM) 29.44
Price/book 3.09
Return on Average Assets (%) (TTM) 8.4
Return on Average Equity (%) (TTM) 10.6
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Share Price

Baazeem Trading Co.
61.70
0.30 0.49 %

Baazeem Trading Co. (BAAZEEM)

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