Financial Results : Sadr turns to profit of SAR 3.3 mln in Q1 2023

Sadr turns to profit of SAR 3.3 mln in Q1 2023

21/05/2023 Argaam Exclusive

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Sadr Logistics Co. reported a net profit of SAR 3.3 million in Q1 2023, against a net loss of SAR 1.8 million a year earlier.



Current Quarter Comparison (M)

Compared With The
Item Q1 2022 Q1 2023 Change‬
Revenues 19.77 40.82 106.5 %
Gross Income 3.31 7.84 136.9 %
Operating Income (1.35) 3.12 331.3 %
Net Income (1.83) 3.29 279.8 %
Average Shares 175.00 175.00 -
Earnings Per Share before unusual items (0.01) 0.02 279.8 %
EPS (Riyals) (0.01) 0.02 279.8 %

The profit was driven by higher sales across all segments, as sales increased by approximately 102% year-on-year (YoY), primarily driven by higher sales of the wood segment due to the supply contract with Saudi Assda Trading Co.

 

In addition, the company reported higher revenues from the financial leasing contract with the American Co. (Avenger Flight Co.) and higher investment profit as a result of increased interest rates, linking short-term Murabaha directly with Saudi banks and lower financing costs. 

 

Sequentially, the company turned to profit in Q1 2023 against a loss of SAR 1.77 million in Q4 2022.

 

Shareholders’ equity, no minority interest, stood at SAR 179.51 million as of March 31, 2023, from SAR 181.04 million a year earlier.

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Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
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 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 -
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 %)
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 %
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 %
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 %)
Q1 2022 19.77 32.9 % 3.31 (25.1 %) (1.35) (275.9 %)
Q2 2022 16.48 2.5 % 3.22 (19.8 %) (0.75) (205.7 %)
Q3 2022 33.56 59.5 % 3.61 (61.0 %) (1.25) (136.6 %)
Q4 2022 41.02 93.1 % 5.37 46.9 % (1.27) (300.2 %)
2022 110.82 51.3 % 15.51 (27.3 %) (4.62) (183.7 %)
Q1 2023 40.82 106.5 % 7.84 136.9 % 3.12 331.3 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items Earnings Per Share 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 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
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)
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)
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
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
Q1 2022 (1.83) (404.3 %) (0.01) - (1.83) (0.01)
Q2 2022 (1.00) (506.3 %) (0.01) - (1.00) (0.01)
Q3 2022 (2.62) (198.1 %) (0.01) - (2.62) (0.01)
Q4 2022 (1.77) (2268.9 %) (0.01) - (1.77) (0.01)
2022 (7.22) (300.5 %) (0.04) - (7.22) (0.04)
Q1 2023 3.29 279.8 % 0.02 - 3.29 0.02

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 - - -
Q2 2017 - - -
Q3 2017 - - -
Q4 2017 37.41 % 16.36 % 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 %
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 %)
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 %
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 %
Q1 2022 25.90 % 16.46 % 1.50 %
Q2 2022 24.76 % 14.76 % (0.09 %)
Q3 2022 15.15 % 8.28 % (5.89 %)
Q4 2022 14.00 % 5.69 % (6.51 %)
Q1 2023 15.20 % 8.72 % (1.59 %)


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Earnings Per Share before unusual items (Riyal) Book Value (BV)
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
Q1 2022 175.00 0.01 0.01 1.03
Q2 2022 175.00 0.00 0.00 1.03
Q3 2022 175.00 (0.03) (0.03) 1.01
Q4 2022 175.00 (0.04) (0.04) 1.01
Q1 2023 175.00 (0.01) (0.01) 1.03

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 - - 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
Q1 2022 More than 100 More than 100 6.78
Q2 2022 NEG NEG 3.94
Q3 2022 NEG NEG 4.29
Q4 2022 NEG NEG 3.21
Q1 2023 NEG NEG 3.50

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 - - - -
Q1 2022 8.72 6.40 4.02 0.63 - - - -
Q2 2022 9.47 3.26 3.49 0.25 - - - -
Q3 2022 10.85 18.61 3.64 0.45 - - - -
Q4 2022 11.34 23.89 4.13 1.66 - - - -
Q1 2023 11.30 22.63 5.16 1.72 - - - -


Financial Ratios
Current
Market Cap (M Riyal) 549.50
Enterprise Value (EV) (M) 547.95
Shares Outstanding ((M)) 175.00
EPS ( Riyal) (TTM) (0.02)
Book Value (BV) ( Riyal) 0.96
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) Neg
P/E (TTM) NEG
Price/book 3.28
Return on Average Assets (%) (TTM) (1.59 )
Return on Average Equity (%) (TTM) (1.84 )
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Share Price

Sadr Logistics Co.
3.14
0.09 2.95 %

Sadr Logistics Co. (SADR)

1 Day 2.95 % 5 Days 4.32 % 3 Months (1.26 %) 6 Months (9.77 %) Year (15.59 %) 2 Years (10.29 %) 5 Years 129.90 % All 175.70 %
Created with Highstock 6.0.710:2010:4011:0011:1011:3011:4011:5012:0012:1012:3012:5013:0013:1013:2013:3013:4013:5014:0014:1014:2014:3014:4014:5015:1015:203.023.043.063.083.103.123.143.163.18
Close : 3.14 | Mar 27, 15:20
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Comments 10

1
36
2528

مستثمر عالمي

منذ 7 شهر

تعودنا على الإعلانات القوية وقت الاكتتاب وبعد طرحها للتداول يظهر المستخبي ! 

2
عضو مميز
41
7336

محمد • أبو صالح

منذ 7 شهر
Replying to   مستثمر عالمي

صدقت 

4
3
151

مستثمر صريح

منذ 7 شهر
Replying to   محمد • أبو صالح

راجع الاعلان جيدا

3
3
151

مستثمر صريح

منذ 7 شهر
Replying to   مستثمر عالمي

نتائج ممتازة، الربحية هذه السنة اعلى ، لكن تغير عدد الاسهم اظهر نقص فقط.

6
6
197

FawazY2k

منذ 7 شهر
Replying to   مستثمر عالمي

وش "المستخبي" اللي ظهر لك؟ اذا قصدك ربح السهم ،تراه ارتفع ٣٣.٩٪ ... راجع الاعلان :)

9
36
2528

مستثمر عالمي

منذ 7 شهر
Replying to   FawazY2k
هدي ياحبيبي هدي … ليش جايب كل طبلونك ، اركد واهجد هذه هي الحقيقة ..
5
عضو مميز
25
2696

بدر السويلم

منذ 7 شهر

لا اثق في اعلانات الشركة الجديدة على الطرح 

كم من شركة تم زخرفتها وتقديما على طبق من ذهب اثناء الطرح , وبعد فترة تبين على حقيقتها

8
36
2528

مستثمر عالمي

منذ 7 شهر
Replying to   بدر السويلم

💯 اتفق معاك 

7
6
197

FawazY2k

منذ 7 شهر

  الشركة مكرر ارباحها تحت العشره بعد الاعلان ، ونمو فوق ال ٢٠٪ .. ليست توصيه ، بس شكل السهم بيدبل خلال اقل من ١٢ شهر... 

10
21
641

Idafi

منذ 7 شهر

الحقيقة ان الشركة من الشركات الجيدة 

مركز مالي جيد وارباح جيدة 

للتو فقط اطلعت على بعض قوائمها عام ٢٠٢٣

واطلعت على منتجاتها اللي ماتخلى من البيوت ولا حتى المطاعم ولامحلات الحلويات والعصائر .. فقط لم اجد معلومات حجم حصتها لان سوق البلاستيكات المنزلية فيه لاعبين كبار منذ سنوات 

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