National Building reports 21% net profit slump to SAR 30.5M in 2023

National Building reports 21% net profit slump to SAR 30.5M in 2023

24/03/2024 Argaam Exclusive

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National Building and Marketing Co. (NBM) reported a net profit of SAR 30.5 million for 2023, a decline of 21%, compared to SAR 38.8 million a year earlier.



Financials (M)

Item 2022 2023 Change‬
Revenues 652.19 700.61 7.4 %
Gross Income 70.17 84.14 19.9 %
Operating Income 48.43 60.57 25.1 %
Net Income 38.74 30.61 (21.0 %)
Average Shares 12.00 12.00 -
EPS (Riyals) 3.23 2.55 (21.0 %)


This was driven by finance costs soaring to SAR 44 million in 2023, due to higher SAIBOR. Conversely, revenues increased to SAR 701 million in 2023, compared to SAR 652 million in 2022.

 

Total shareholders’ equity, no minority interest, rose to SAR 295.8 million by Dec. 31, 2023, compared to SAR 263.6 million a year earlier.

 

Quarterly Results

Period

Revenue

(SAR mln)

Net Profit

(SAR mln)

EPS

(SAR/Share)

H1 2020

153.70

7.76

0.65

H2 2020

133.03

22.69

1.89

H1 2021

298.03

25.09

2.09

H2 2021

380.39

48.31

4.03

H1 2022

320.75

32.65

2.72

H2 2022

331.44

6.13

0.51

H1 2023

316.46

26.24

2.19

H2 2023

384.15

4.30

0.35

 

View More Financial Results

 


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
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 41.69 - 9.08 - 8.07 - 0.67
Q2 2017 39.56 - 5.61 - 3.15 - 0.26
Q3 2017 40.30 - 7.39 - 9.14 - 0.76
Q4 2017 46.81 - 3.78 - 6.44 - 0.54
Q1 2018 42.97 3.1 % 9.78 7.7 % 7.31 (9.4 %) 0.61
Q2 2018 37.54 (5.1 %) 6.60 17.7 % 5.17 64.2 % 0.43
Q3 2018 40.06 (0.6 %) 6.70 (9.4 %) 7.66 (16.2 %) 0.64
Q4 2018 46.55 (0.6 %) 7.97 110.5 % 3.99 (38.1 %) 0.33
Q1 2019 38.27 (10.9 %) 7.50 (23.4 %) 3.08 (57.8 %) 0.26
Q2 2019 41.41 10.3 % 6.41 (2.8 %) 5.47 5.9 % 0.46
Q3 2019 56.35 40.7 % 13.33 98.9 % 11.22 46.5 % 0.93
Q4 2019 34.77 (25.3 %) (11.40) (243.1 %) (13.55) (439.7 %) (1.13)
Q1 2020 - - - - - - -
Q2 2020 - - - - - - -
Q3 2020 65.71 16.6 % 6.72 (49.6 %) 5.05 (55.0 %) 0.42
Q4 2020 67.33 93.6 % 16.91 248.4 % 17.64 230.2 % 1.47
Q1 2021 122.71 - 14.72 - 10.33 - 0.86
Q2 2021 175.33 - 21.04 - 14.76 - 1.23
Q3 2021 163.61 149.0 % 33.60 400.1 % 28.13 456.8 % 2.34
Q4 2021 216.78 222.0 % 26.59 57.2 % 20.18 14.4 % 1.68
Q1 2022 178.25 45.3 % 22.18 50.6 % 16.04 55.3 % 1.34
Q2 2022 160.64 (8.4 %) 21.56 2.5 % 15.86 7.4 % 1.32
Q3 2022 148.05 (9.5 %) 25.89 (22.9 %) 18.35 (34.8 %) 1.53
Q4 2022 165.25 (23.8 %) 0.54 (98.0 %) (11.51) (157.0 %) (0.96)
Q1 2023 - - - - - - -
Q2 2023 - - - - - - -
Q3 2023 - - - - - - -
Q4 2023 - - - - - - -
2023 700.61 7.4 % 84.14 19.9 % 30.61 (21.0 %) 2.55

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
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 21.78 % 22.60 % 19.35 %
Q2 2017 18.08 % 16.65 % 13.80 %
Q3 2017 18.17 % 16.23 % 16.75 %
Q4 2017 15.36 % - 15.92 %
Q1 2018 15.66 % 13.15 % 15.35 %
Q2 2018 16.44 % 14.63 % 16.74 %
Q3 2018 16.05 % 14.63 % 15.87 %
Q4 2018 18.58 % - 14.43 %
Q1 2019 17.71 % 14.08 % 12.25 %
Q2 2019 17.18 % 13.82 % 12.15 %
Q3 2019 19.28 % 16.84 % 13.01 %
Q4 2019 9.27 % 19.25 % 3.64 %
Q1 2020 - - -
Q2 2020 - - -
Q3 2020 7.60 % 17.36 % 4.13 %
Q4 2020 11.40 % 22.53 % 9.08 %
Q1 2021 9.28 % - 6.70 %
Q2 2021 13.78 % - 11.08 %
Q3 2021 16.31 % 16.56 % 13.40 %
Q4 2021 14.14 % 14.40 % 10.82 %
Q1 2022 14.09 % - 10.78 %
Q2 2022 14.45 % - 11.15 %
Q3 2022 13.67 % 13.03 % 10.01 %
Q4 2022 10.76 % 9.79 % 5.94 %
Q1 2023 - - -
Q2 2023 - - -
Q3 2023 - - -
Q4 2023 - - -
2023 12.01 % 18.12 % 2.61 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2014 - - - -
Q2 2014 - - - -
Q3 2014 - - - -
Q4 2014 - - - -
Q1 2015 - - - -
Q2 2015 - - - -
Q3 2015 - - - -
Q4 2015 12.00 - - 3.56
Q1 2016 - - - -
Q2 2016 - - - -
Q3 2016 - - - -
Q4 2016 12.00 - - 6.08
Q1 2017 12.00 0.67 0.67 6.35
Q2 2017 12.00 0.93 0.93 -
Q3 2017 12.00 1.70 1.70 -
Q4 2017 12.00 2.23 2.23 8.24
Q1 2018 12.00 2.17 2.17 8.91
Q2 2018 12.00 2.34 2.34 8.54
Q3 2018 12.00 2.21 2.21 9.09
Q4 2018 12.00 2.01 2.01 10.62
Q1 2019 12.00 1.66 1.66 10.88
Q2 2019 12.00 1.68 1.68 11.33
Q3 2019 12.00 1.98 1.98 12.28
Q4 2019 12.00 0.52 0.52 10.78
Q1 2020 - - - -
Q2 2020 - - - -
Q3 2020 12.00 0.68 0.68 -
Q4 2020 12.00 1.70 1.70 13.25
Q1 2021 12.00 1.62 1.62 -
Q2 2021 12.00 3.98 3.98 15.34
Q3 2021 12.00 5.91 5.91 17.69
Q4 2021 12.00 6.12 6.12 19.00
Q1 2022 12.00 6.59 6.59 -
Q2 2022 12.00 6.68 6.68 21.71
Q3 2022 12.00 5.87 5.87 24.30
Q4 2022 12.00 3.23 3.23 21.97
Q1 2023 - - - -
Q2 2023 - - - -
Q3 2023 - - - -
Q4 2023 - - - -

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
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 9.41 9.41 2.58
Q3 2018 9.94 9.94 2.42
Q4 2018 10.95 10.95 2.07
Q1 2019 More than 100 More than 100 16.55
Q2 2019 More than 100 More than 100 15.88
Q3 2019 90.91 90.91 14.66
Q4 2019 More than 100 More than 100 12.94
Q1 2020 - - -
Q2 2020 - - -
Q3 2020 More than 100 More than 100 -
Q4 2020 More than 100 More than 100 34.52
Q1 2021 More than 100 More than 100 -
Q2 2021 75.74 75.74 19.66
Q3 2021 45.25 45.25 15.11
Q4 2021 54.44 54.44 17.53
Q1 2022 45.32 45.32 -
Q2 2022 40.99 40.99 12.62
Q3 2022 42.59 42.59 10.29
Q4 2022 77.43 77.43 11.38
Q1 2023 - - -
Q2 2023 - - -
Q3 2023 - - -
Q4 2023 - - -

Business Segments (Million)

Compared With The
Period Contracting Projects Iron Industry commercial sector Information technology
Q3 2020 - 43.51 22.20 -
Q4 2020 - 36.88 30.45 -
Q3 2021 58.52 90.67 14.42 -
Q4 2021 100.89 90.07 25.82 -
Q3 2022 25.13 118.90 2.85 1.17
Q4 2022 12.93 145.17 6.02 1.12


Financial Ratios
Current
Market Cap (M Riyal) 2,592.00
Enterprise Value (EV) (M) 2,961.37
Shares Outstanding ((M)) 12.00
Book Value (BV) ( Riyal) 24.65
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) More than 100
Price/book 8.76
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Share Price

National Building and Marketing Co.
216.00
1.00 0.47 %

National Building and Marketing Co. (NBM)

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