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

View other reports

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 %)


Current Half Annual Comparison (M)

Compared With The
Item H2 2022 H2 2023 Change‬
Revenues 331.45 384.15 15.9 %
Gross Income 26.76 42.14 57.5 %
Operating Income 13.94 28.08 101.4 %
Net Income 6.09 4.37 (28.3 %)
Average Shares 12.00 12.00 -
EPS (Riyals) 0.51 0.36 (28.3 %)

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 Operating Income Change
H1 2014 - - - - - -
H2 2014 - - - - - -
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 81.25 - 14.69 - 11.22 -
H2 2017 87.11 - 11.18 - 11.67 -
H1 2018 80.51 (0.9 %) 16.38 11.5 % 13.54 20.7 %
H2 2018 86.61 (0.6 %) 14.67 31.2 % 14.49 24.2 %
H1 2019 79.68 (1.0 %) 13.91 (15.1 %) 11.99 (11.4 %)
H2 2019 91.13 5.2 % 1.93 (86.8 %) 0.83 (94.2 %)
H1 2020 153.70 92.9 % 14.78 6.3 % 11.12 (7.2 %)
H2 2020 133.04 46.0 % 23.63 1125.2 % 18.71 2141.3 %
H1 2021 298.03 93.9 % 35.76 142.0 % 28.72 158.2 %
H2 2021 380.39 185.9 % 60.19 154.7 % 51.28 174.1 %
H1 2022 320.75 7.6 % 43.42 21.4 % 34.49 20.1 %
H2 2022 331.45 (12.9 %) 26.76 (55.5 %) 13.94 (72.8 %)
H1 2023 316.46 (1.3 %) 42.00 (3.3 %) 32.50 (5.8 %)
H2 2023 384.15 15.9 % 42.14 57.5 % 28.08 101.4 %
2023 700.61 7.4 % 84.14 19.9 % 60.57 25.1 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
H1 2014 - - - - - -
H2 2014 - - - - - -
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 11.21 - 0.93 - 11.21 0.93
H2 2017 15.58 - 1.30 - 15.58 1.30
H1 2018 12.47 11.2 % 1.04 - 12.47 1.04
H2 2018 11.64 (25.3 %) 0.97 - 11.64 0.97
H1 2019 8.56 (31.4 %) 0.71 - 8.56 0.71
H2 2019 (2.33) (120.0 %) (0.19) - (2.33) (0.19)
H1 2020 7.76 (9.3 %) 0.65 - 7.76 0.65
H2 2020 22.69 1072.1 % 1.89 - 22.69 1.89
H1 2021 25.09 223.5 % 2.09 - 25.09 2.09
H2 2021 48.31 112.9 % 4.03 - 48.31 4.03
H1 2022 32.65 30.1 % 2.72 - 32.65 2.72
H2 2022 6.09 (87.4 %) 0.51 - 6.09 0.51
H1 2023 26.24 (19.6 %) 2.19 12.32 13.92 1.16
H2 2023 4.37 (28.3 %) 0.36 - 4.37 0.36
2023 30.61 (21.0 %) 2.55 12.32 18.29 1.52

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
H1 2014 - - -
H2 2014 - - -
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 15.36 % 16.79 % 15.91 %
H1 2018 16.44 % 18.28 % 16.74 %
H2 2018 18.58 % 20.71 % 14.43 %
H1 2019 17.18 % 19.61 % 12.15 %
H2 2019 9.27 % 13.16 % 3.64 %
H1 2020 6.82 % 13.08 % 2.21 %
H2 2020 13.40 % 19.17 % 10.62 %
H1 2021 13.78 % 15.55 % 11.08 %
H2 2021 14.14 % 15.41 % 10.82 %
H1 2022 14.78 % 16.79 % 11.55 %
H2 2022 10.76 % 11.97 % 5.94 %
H1 2023 10.61 % 13.84 % 3.09 %
H2 2023 12.01 % 18.12 % 2.61 %
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)
H1 2014 - - - -
H2 2014 - - - -
H1 2015 - - - -
H2 2015 - - - -
H1 2016 - - - -
H2 2016 - - - -
H1 2017 12.00 - - 7.02
H2 2017 12.00 2.23 2.23 8.24
H1 2018 12.00 2.34 2.34 8.54
H2 2018 12.00 2.01 2.01 10.62
H1 2019 12.00 1.68 1.68 11.33
H2 2019 12.00 0.52 0.52 10.78
H1 2020 12.00 0.45 0.45 10.96
H2 2020 12.00 2.54 2.54 13.25
H1 2021 12.00 3.98 3.98 15.34
H2 2021 12.00 6.12 6.12 19.00
H1 2022 12.00 6.75 6.75 21.71
H2 2022 12.00 3.23 3.23 21.97
H1 2023 12.00 2.69 1.67 24.29
H2 2023 12.00 2.55 1.52 24.65

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
H1 2014 - - -
H2 2014 - - -
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 9.41 9.41 2.58
H2 2018 10.95 10.95 2.07
H1 2019 More than 100 More than 100 15.88
H2 2019 More than 100 More than 100 12.94
H1 2020 More than 100 More than 100 9.81
H2 2020 More than 100 More than 100 34.52
H1 2021 75.75 75.75 19.66
H2 2021 54.44 54.44 17.53
H1 2022 40.61 40.61 12.62
H2 2022 77.43 77.43 11.38
H1 2023 87.21 More than 100 9.68
H2 2023 More than 100 More than 100 11.97

Business Segments (Million)

Compared With The
Period Iron Industry Contracting Projects commercial sector Information technology
Q2 2020 133.31 - 20.38 -
Q4 2020 80.39 - 52.65 -
Q2 2021 185.71 110.48 1.85 -
Q4 2021 180.74 159.41 40.23 -
Q2 2022 213.22 104.31 3.19 0.03
Q4 2022 264.07 56.21 8.87 2.30
Q2 2023 221.94 52.40 40.27 1.85
Q4 2023 274.20 68.59 33.05 8.32


Financial Ratios
Current
Market Cap (M Riyal) 2,421.60
Enterprise Value (EV) (M) 2,790.97
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 8.19
more

Share Price

National Building and Marketing Co.
201.80
2.00 1.00 %

National Building and Marketing Co. (NBM)

More

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.