Sadr Logistics’ profit rises to SAR 3.6 mln in 2021; Q4 earnings down 90% to SAR 80,000

15/03/2022 Argaam Exclusive

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Sadr Logistics Co.’s net profit after Zakat and tax increased by 40% to SAR 3.6 million in 2021, compared to SAR 2.6 million in 2020.

Financials (M)

Item	2020	2021	Change‬
Revenues	54.28	73.23	34.9 %
Gross Income	14.68	21.34	45.4 %
Operating Income	3.92	5.53	41.1 %
Net Income	2.58	3.60	39.6 %
Average Shares	153.96	175.00	13.7 %
EPS (Riyals)	0.02	0.02	22.8 %

The profit rise was due to higher sales in steel, wood, and logistics segments.

The company’s net profit fell 90% year-on-year to SAR 80,000 in Q4 2021.

Sequentially, net profit declined from SAR 2.7 million in Q3 2021.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2020	Q4 2021	Change‬
Revenues	21.58	21.24	(1.6 %)
Gross Income	4.90	3.66	(25.4 %)
Operating Income	1.81	0.64	(64.9 %)
Net Income	0.81	0.08	(89.9 %)
Average Shares	153.96	175.00	13.7 %
EPS (Riyals)	0.01	0.00	(91.1 %)

Item	Q3 2021	Q4 2021	Change‬
Revenues	21.03	21.24	1.0 %
Gross Income	9.25	3.66	(60.5 %)
Operating Income	3.41	0.64	(81.4 %)
Net Income	2.67	0.08	(96.9 %)
Average Shares	153.96	175.00	13.7 %
EPS (Riyals)	0.02	0.00	(97.3 %)

Total shareholders' equity, excluding minority interest, rose to SAR 182.9 million during the period, compared to SAR 34.3 million in 2020.

View more financial results

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2012	-	-	-	-	-	-
Q2 2012	-	-	-	-	-	-
Q3 2012	-	-	-	-	-	-
Q4 2012	-	-	-	-	-	-
2012	35.70	-	6.12	-	2.12	-
Q1 2013	-	-	-	-	-	-
Q2 2013	-	-	-	-	-	-
Q3 2013	-	-	-	-	-	-
Q4 2013	-	-	-	-	-	-
2013	32.11	(10.1 %)	7.28	18.8 %	2.41	13.9 %
Q1 2014	-	-	-	-	-	-
Q2 2014	-	-	-	-	-	-
Q3 2014	-	-	-	-	-	-
Q4 2014	-	-	-	-	-	-
2014	45.72	42.4 %	9.10	25.1 %	3.03	25.6 %
Q1 2015	-	-	-	-	-	-
Q2 2015	-	-	-	-	-	-
Q3 2015	-	-	-	-	-	-
Q4 2015	-	-	-	-	-	-
2015	48.26	5.5 %	15.39	69.1 %	5.47	80.6 %
Q1 2016	-	-	-	-	-	-
Q2 2016	-	-	-	-	-	-
Q3 2016	-	-	-	-	-	-
Q4 2016	-	-	-	-	-	-
2016	38.42	(20.4 %)	14.58	(5.2 %)	7.20	31.6 %
Q1 2017	14.75	-	6.39	-	3.00	-
Q2 2017	9.04	-	3.16	-	1.11	-
Q3 2017	10.64	-	3.37	-	1.33	-
Q4 2017	11.76	-	4.36	-	0.87	-
2017	46.19	20.2 %	17.28	18.5 %	6.31	(12.4 %)
Q1 2018	11.94	(19.1 %)	4.06	(36.4 %)	1.67	(44.3 %)
Q2 2018	10.68	18.2 %	3.14	(0.6 %)	0.87	(21.3 %)
Q3 2018	9.26	(13.0 %)	3.17	(6.0 %)	0.93	(30.3 %)
Q4 2018	7.65	(34.9 %)	0.41	(90.5 %)	(2.19)	(351.0 %)
2018	39.53	(14.4 %)	10.78	(37.6 %)	1.28	(79.7 %)
Q1 2019	7.78	(34.8 %)	1.75	(57.0 %)	(0.88)	(152.9 %)
Q2 2019	11.02	3.2 %	2.66	(15.5 %)	0.16	(81.2 %)
Q3 2019	12.05	30.1 %	3.13	(1.3 %)	0.37	(59.7 %)
Q4 2019	11.19	46.2 %	2.28	453.0 %	(1.33)	39.3 %
2019	42.04	6.3 %	9.81	(9.0 %)	(1.67)	(230.5 %)
Q1 2020	10.26	32.0 %	2.35	34.4 %	(0.31)	65.0 %
Q2 2020	10.79	(2.0 %)	3.91	47.3 %	1.65	904.3 %
Q3 2020	11.65	(3.4 %)	3.52	12.6 %	0.77	105.6 %
Q4 2020	21.58	92.9 %	4.90	114.7 %	1.81	236.1 %
2020	54.28	29.1 %	14.68	49.6 %	3.92	334.1 %
Q1 2021	14.88	45.0 %	4.41	88.2 %	0.77	348.2 %
Q2 2021	16.08	49.0 %	4.02	2.8 %	0.71	(56.8 %)
Q3 2021	21.03	80.6 %	9.25	162.9 %	3.41	343.5 %
Q4 2021	21.24	(1.6 %)	3.66	(25.4 %)	0.64	(64.9 %)
2021	73.23	34.9 %	21.34	45.4 %	5.53	41.1 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2012	35.70	-	6.12	-	2.12	-
2013	32.11	(10.1 %)	7.28	18.8 %	2.41	13.9 %
2014	45.72	42.4 %	9.10	25.1 %	3.03	25.6 %
2015	48.26	5.5 %	15.39	69.1 %	5.47	80.6 %
2016	38.42	(20.4 %)	14.58	(5.2 %)	7.20	31.6 %
2017	46.19	20.2 %	17.28	18.5 %	6.31	(12.4 %)
2018	39.53	(14.4 %)	10.78	(37.6 %)	1.28	(79.7 %)
2019	42.04	6.3 %	9.81	(9.0 %)	(1.67)	(230.5 %)
2020	54.28	29.1 %	14.68	49.6 %	3.92	334.1 %
2021	73.23	34.9 %	21.34	45.4 %	5.53	41.1 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2012	-	-	-	-	-	-
Q2 2012	-	-	-	-	-	-
Q3 2012	-	-	-	-	-	-
Q4 2012	-	-	-	-	-	-
2012	2.49	-	0.02	-	2.49	0.02
Q1 2013	-	-	-	-	-	-
Q2 2013	-	-	-	-	-	-
Q3 2013	-	-	-	-	-	-
Q4 2013	-	-	-	-	-	-
2013	2.40	(3.8 %)	0.02	-	2.40	0.02
Q1 2014	-	-	-	-	-	-
Q2 2014	-	-	-	-	-	-
Q3 2014	-	-	-	-	-	-
Q4 2014	-	-	-	-	-	-
2014	2.93	22.1 %	0.02	-	2.93	0.02
Q1 2015	-	-	-	-	-	-
Q2 2015	-	-	-	-	-	-
Q3 2015	-	-	-	-	-	-
Q4 2015	-	-	-	-	-	-
2015	4.81	64.2 %	0.04	-	4.81	0.04
Q1 2016	-	-	-	-	-	-
Q2 2016	-	-	-	-	-	-
Q3 2016	-	-	-	-	-	-
Q4 2016	-	-	-	-	-	-
2016	7.10	47.6 %	0.06	-	7.10	0.06
Q1 2017	2.57	-	0.02	-	2.57	0.02
Q2 2017	1.08	-	0.01	-	1.08	0.01
Q3 2017	1.14	-	0.01	-	1.14	0.01
Q4 2017	0.89	-	0.01	-	0.89	0.01
2017	5.68	(19.9 %)	0.04	-	5.68	0.04
Q1 2018	1.52	(41.0 %)	0.01	-	1.52	0.01
Q2 2018	0.83	(22.9 %)	0.01	-	0.83	0.01
Q3 2018	0.86	(24.6 %)	0.01	-	0.86	0.01
Q4 2018	(2.75)	(409.7 %)	(0.02)	(0.82)	(1.93)	(0.01)
2018	0.46	(91.9 %)	0.00	(0.82)	1.28	0.01
Q1 2019	(0.85)	(156.0 %)	(0.01)	-	(0.85)	(0.01)
Q2 2019	0.23	(72.7 %)	0.00	-	0.23	0.00
Q3 2019	0.26	(70.4 %)	0.00	-	0.26	0.00
Q4 2019	(1.54)	44.2 %	(0.01)	-	(1.54)	(0.01)
2019	(1.90)	(513.9 %)	(0.01)	-	(1.90)	(0.01)
Q1 2020	(0.33)	61.8 %	0.00	-	(0.33)	0.00
Q2 2020	1.55	581.1 %	0.01	-	1.55	0.01
Q3 2020	0.55	116.9 %	0.00	-	0.55	0.00
Q4 2020	0.81	152.5 %	0.01	-	0.81	0.01
2020	2.58	235.5 %	0.02	-	2.58	0.02
Q1 2021	0.60	284.9 %	0.00	-	0.60	0.00
Q2 2021	0.25	(84.2 %)	0.00	-	0.25	0.00
Q3 2021	2.67	383.0 %	0.02	-	2.67	0.02
Q4 2021	0.08	(89.9 %)	0.00	-	0.08	0.00
2021	3.60	39.6 %	0.02	-	3.60	0.02

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2012	2.49	-	0.02	-	2.49	0.02
2013	2.40	(3.8 %)	0.02	-	2.40	0.02
2014	2.93	22.1 %	0.02	-	2.93	0.02
2015	4.81	64.2 %	0.04	-	4.81	0.04
2016	7.10	47.6 %	0.06	-	7.10	0.06
2017	5.68	(19.9 %)	0.04	-	5.68	0.04
2018	0.46	(91.9 %)	0.00	(0.82)	1.28	0.01
2019	(1.90)	(513.9 %)	(0.01)	-	(1.90)	(0.01)
2020	2.58	235.5 %	0.02	-	2.58	0.02
2021	3.60	39.6 %	0.02	-	3.60	0.02

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2012	-	-	-
Q2 2012	-	-	-
Q3 2012	-	-	-
Q4 2012	-	-	-
2012	17.15 %	8.28 %	6.98 %
Q1 2013	-	-	-
Q2 2013	-	-	-
Q3 2013	-	-	-
Q4 2013	-	-	-
2013	22.66 %	11.52 %	7.47 %
Q1 2014	-	-	-
Q2 2014	-	-	-
Q3 2014	-	-	-
Q4 2014	-	-	-
2014	19.90 %	9.67 %	6.40 %
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
2015	31.88 %	14.56 %	9.96 %
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
2016	37.96 %	21.43 %	18.48 %
Q1 2017	-	-	-
Q2 2017	-	-	-
Q3 2017	-	-	-
Q4 2017	37.41 %	16.36 %	12.30 %
2017	37.41 %	16.37 %	12.30 %
Q1 2018	34.47 %	13.95 %	10.67 %
Q2 2018	33.17 %	12.90 %	9.74 %
Q3 2018	33.75 %	12.45 %	9.40 %
Q4 2018	27.28 %	6.11 %	3.24 %
2018	27.28 %	6.11 %	3.24 %
Q1 2019	23.94 %	(0.14 %)	(3.07 %)
Q2 2019	22.35 %	(1.91 %)	(4.74 %)
Q3 2019	20.62 %	(3.10 %)	(5.97 %)
Q4 2019	23.34 %	(0.62 %)	(4.53 %)
2019	23.34 %	(0.62 %)	(4.53 %)
Q1 2020	23.38 %	0.71 %	(3.10 %)
Q2 2020	26.34 %	4.09 %	(0.14 %)
Q3 2020	27.47 %	6.56 %	0.54 %
Q4 2020	27.04 %	14.77 %	4.75 %
2020	27.04 %	14.77 %	4.75 %
Q1 2021	28.43 %	18.84 %	5.95 %
Q2 2021	26.26 %	18.96 %	3.44 %
Q3 2021	30.70 %	21.98 %	5.88 %
Q4 2021	29.14 %	20.50 %	4.91 %
2021	29.14 %	20.50 %	4.91 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2012	17.15 %	8.28 %	6.98 %
2013	22.66 %	11.52 %	7.47 %
2014	19.90 %	9.67 %	6.40 %
2015	31.88 %	14.56 %	9.96 %
2016	37.96 %	21.43 %	18.48 %
2017	37.41 %	16.37 %	12.30 %
2018	27.28 %	6.11 %	3.24 %
2019	23.34 %	(0.62 %)	(4.53 %)
2020	27.04 %	14.77 %	4.75 %
2021	29.14 %	20.50 %	4.91 %

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	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
Q1 2017	43.32 %	23.37 %	17.43 %
Q2 2017	34.96 %	15.37 %	11.95 %
Q3 2017	31.68 %	15.07 %	10.74 %
Q4 2017	37.06 %	9.51 %	7.56 %
Q1 2018	34.03 %	16.25 %	12.72 %
Q2 2018	29.41 %	10.72 %	7.80 %
Q3 2018	34.20 %	13.27 %	9.31 %
Q4 2018	5.40 %	(24.80 %)	(25.23 %)
Q1 2019	22.44 %	(6.76 %)	(10.93 %)
Q2 2019	24.09 %	4.66 %	2.06 %
Q3 2019	25.94 %	5.95 %	2.12 %
Q4 2019	20.41 %	(8.63 %)	(13.73 %)
Q1 2020	22.86 %	0.53 %	(3.17 %)
Q2 2020	36.22 %	18.58 %	14.32 %
Q3 2020	30.22 %	15.34 %	4.75 %
Q4 2020	22.72 %	19.34 %	3.73 %
Q1 2021	29.67 %	21.07 %	4.04 %
Q2 2021	25.00 %	19.13 %	1.52 %
Q3 2021	43.98 %	27.50 %	12.70 %
Q4 2021	17.21 %	14.21 %	0.38 %

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	-	-	-	-
Q4 2015	-	-	-	-
Q1 2016	-	-	-	-
Q2 2016	-	-	-	-
Q3 2016	-	-	-	-
Q4 2016	-	-	-	-
Q1 2017	153.96	-	-	0.23
Q2 2017	153.96	-	-	0.24
Q3 2017	153.96	-	-	0.25
Q4 2017	153.96	0.04	0.04	0.25
Q1 2018	153.96	0.03	0.03	0.26
Q2 2018	153.96	0.03	0.03	0.25
Q3 2018	153.96	0.03	0.03	0.26
Q4 2018	153.96	0.00	0.01	0.24
Q1 2019	153.96	(0.01)	(0.01)	0.23
Q2 2019	153.96	(0.02)	(0.01)	0.22
Q3 2019	153.96	(0.02)	(0.01)	0.22
Q4 2019	153.96	(0.01)	(0.01)	0.21
Q1 2020	153.96	(0.01)	(0.01)	-
Q2 2020	153.96	0.00	0.00	0.22
Q3 2020	153.96	0.00	0.00	-
Q4 2020	153.96	0.02	0.02	0.22
Q1 2021	153.96	0.02	0.02	0.23
Q2 2021	153.96	0.01	0.01	0.22
Q3 2021	153.96	0.03	0.03	0.24
Q4 2021	175.00	0.02	0.02	1.04

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2012	123.17	0.02	0.02	0.06
2013	123.17	0.02	0.02	0.06
2014	123.17	0.02	0.02	0.09
2015	123.17	0.04	0.04	0.09
2016	123.17	0.06	0.06	0.14
2017	153.96	0.04	0.04	0.25
2018	153.96	0.00	0.01	0.24
2019	153.96	(0.01)	(0.01)	0.21
2020	153.96	0.02	0.02	0.22
2021	175.00	0.02	0.02	1.04

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	-	-	5.28
Q2 2017	-	-	4.24
Q3 2017	-	-	3.30
Q4 2017	24.63	24.63	3.61
Q1 2018	29.79	29.79	3.46
Q2 2018	31.84	31.84	3.58
Q3 2018	31.18	31.18	3.21
Q4 2018	More than 100	89.56	3.14
Q1 2019	NEG	NEG	3.97
Q2 2019	NEG	NEG	3.71
Q3 2019	NEG	NEG	3.49
Q4 2019	NEG	NEG	11.71
Q1 2020	NEG	NEG	-
Q2 2020	NEG	NEG	5.86
Q3 2020	More than 100	More than 100	-
Q4 2020	More than 100	More than 100	18.38
Q1 2021	More than 100	More than 100	28.64
Q2 2021	More than 100	More than 100	30.88
Q3 2021	More than 100	More than 100	32.85
Q4 2021	More than 100	More than 100	9.80

Period	P/E	Adjusted P/E	Price/book
2012	-	-	-
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	24.63	24.63	3.61
2018	More than 100	89.63	3.14
2019	NEG	NEG	11.71
2020	More than 100	More than 100	18.38
2021	More than 100	More than 100	9.80

Business Segments (Million)

Compared With The

Period	Steel	Wood	Logistics	Others	Metal products and metal shelves	Wooden Pallets	Plastic Pallets	Forklifts
Q1 2017	10.20	3.52	-	1.03	-	-	-	-
Q2 2017	6.87	1.89	-	0.28	-	-	-	-
Q3 2017	6.69	1.99	-	1.96	-	-	-	-
Q1 2018	9.11	1.69	-	1.13	-	-	-	-
Q2 2018	7.56	1.60	-	1.52	-	-	-	-
Q3 2018	6.90	1.49	-	0.87	-	-	-	-
Q4 2018	4.74	1.70	-	1.21	-	-	-	-
Q1 2019	5.51	2.08	-	0.19	-	-	-	-
Q2 2019	7.64	2.46	-	0.93	-	-	-	-
Q3 2019	7.24	2.52	-	2.28	-	-	-	-
Q4 2019	7.60	3.38	-	0.21	-	-	-	-
Q1 2020	7.12	2.40	-	0.74	-	-	-	-
Q2 2020	7.30	2.15	-	1.34	-	-	-	-
Q3 2020	6.14	2.38	1.70	1.42	-	-	-	-
Q4 2020	7.54	2.76	2.79	8.49	-	-	-	-
Q1 2021	7.23	2.95	3.31	1.38	-	-	-	-
Q2 2021	7.43	3.42	3.64	1.59	-	-	-	-
Q3 2021	7.00	3.85	9.27	0.92	-	-	-	-
Q4 2021	11.89	4.82	3.67	0.87	-	-	-	-

Period	Steel	Wood	Logistics	Others	Metal products and metal shelves	Wooden Pallets	Plastic Pallets	Forklifts
2014	-	-	-	-	29.75	12.07	3.46	0.44
2015	-	-	-	-	33.32	9.68	4.23	1.03
2016	-	-	-	-	26.50	8.32	3.53	0.07
2017	32.79	8.36	-	5.05	-	-	-	-
2018	28.32	6.48	-	4.73	-	-	-	-
2019	27.99	10.44	-	3.61	-	-	-	-
2020	28.10	9.69	4.49	11.99	-	-	-	-
2021	33.55	15.03	19.89	4.76	-	-	-	-

Financial Ratios

	Current
Market Cap (M Riyal)	575.75
Enterprise Value (EV) (M)	574.20
Shares Outstanding ((M))	175.00
EPS ( Riyal) (TTM)	(0.07)
Book Value (BV) ( Riyal)	0.94
Par Value ( Riyal)	1.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	NEG
Price/book	3.50
Return on Average Assets (%) (TTM)	(4.59 )
Return on Average Equity (%) (TTM)	(6.72 )

Sadr Logistics Co. (SADR)

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Sadr Logistics’ profit rises to SAR 3.6 mln in 2021; Q4 earnings down 90% to SAR 80,000

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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)

Revenue by Business Segment (Latest) 2021 Q4

Financial Ratios

Share Price

Sadr Logistics Co. (SADR)

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Sadr Logistics’ profit rises to SAR 3.6 mln in 2021; Q4 earnings down 90% to SAR 80,000

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 2021

Revenue by Business Segment (Latest) 2021 Q4

Financial Ratios

Share Price

Sadr Logistics Co. (SADR)

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Business Segments (Million)