Ataa Educational H1 2021/22 profit rises to SAR 67.7 mln, Q2 earnings at SAR 1.5 mln

10/03/2022 Argaam Exclusive

View other reports

Ataa Educational Co. posted a net profit after Zakat and tax of SAR 67 million for the first half ending on January 31, 2022, compared with SAR 11.3 million a year earlier.

Financials (M)

Item	6m 2021	6m 2022	Change‬
Revenues	124.41	275.71	121.6 %
Gross Income	30.37	64.06	110.9 %
Operating Income	17.87	29.48	65.0 %
Net Income	11.31	52.43	363.7 %
Average Shares	40.00	42.09	5.2 %
EPS (Riyals)	0.28	1.25	340.7 %

The profit growth was driven by a 121% year-on-year (YoY) surge in revenue due to an increase in the number of students by 56% YoY to 40,000 from 25,000 on the acquisition of Al Wasat National Schools for Education and Training Co., Al Elm International Schools Co., the Arabian Group for Education and Training Holding Co. However, the operational cost grew by 124%.

Other Revenue also increased by 141% YoY, due to the consolidation of the financial statements with the acquired companies.

The company also cited non-recurring profits of SAR 52.5 million resulting from the acquisition of the Arabian Group for Education and Training Co.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2021	Q2 2022	Change‬
Revenues	63.19	135.97	115.2 %
Gross Income	16.66	25.45	52.7 %
Operating Income	10.01	8.54	(14.6 %)
Net Income	6.39	1.01	(84.2 %)
Average Shares	40.00	42.09	5.2 %
EPS (Riyals)	0.16	0.02	(85.0 %)

Item	Q1 2022	Q2 2022	Change‬
Revenues	139.74	135.97	(2.7 %)
Gross Income	38.61	25.45	(34.1 %)
Operating Income	20.93	8.54	(59.2 %)
Net Income	51.41	1.01	(98.0 %)
Average Shares	42.09	42.09	-
EPS (Riyals)	1.22	0.02	(98.0 %)

The second-quarter earnings amounted to SAR 1.5 million, falling 77% compared with SAR 6.39 million a year earlier.

On a sequential basis, Q2 earnings fell 97.8% from SAR 66.25 million.

Total shareholders’ equity, after minority interest, reached SAR 772.46 million at the end of the period, compared with SAR 720.76 million a year earlier.

View more financial results

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2013	-	-	-	-	-	-
Q2 2013	-	-	-	-	-	-
Q3 2013	-	-	-	-	-	-
Q4 2013	-	-	-	-	-	-
2013	-	-	-	-	-	-
Q1 2014	-	-	-	-	-	-
Q2 2014	-	-	-	-	-	-
Q3 2014	-	-	-	-	-	-
Q4 2014	-	-	-	-	-	-
2014	-	-	-	-	-	-
Q1 2015	-	-	-	-	-	-
Q2 2015	-	-	-	-	-	-
Q3 2015	-	-	-	-	-	-
Q4 2015	-	-	-	-	-	-
2015	331.31	-	124.86	-	94.59	-
Q1 2016	-	-	-	-	-	-
Q2 2016	-	-	-	-	-	-
Q3 2016	-	-	-	-	-	-
Q4 2016	-	-	-	-	-	-
2016	292.24	(11.8 %)	102.12	(18.2 %)	84.97	(10.2 %)
Q1 2017	-	-	-	-	-	-
Q2 2017	-	-	-	-	-	-
Q3 2017	-	-	-	-	-	-
Q4 2017	-	-	-	-	-	-
2017	339.69	16.2 %	118.97	16.5 %	97.34	14.6 %
Q1 2018	-	-	-	-	-	-
Q2 2018	-	-	-	-	-	-
Q3 2018	81.26	-	16.60	-	8.58	-
Q4 2018	84.56	-	42.06	-	37.95	-
2018	325.19	(4.3 %)	107.77	(9.4 %)	86.84	(10.8 %)
Q1 2019	77.52	-	22.90	-	17.38	-
Q2 2019	80.39	-	22.39	-	16.83	-
Q3 2019	79.74	(1.9 %)	19.39	16.8 %	12.87	50.0 %
Q4 2019	82.94	(1.9 %)	43.69	3.9 %	38.87	2.4 %
2019	320.59	(1.4 %)	107.85	0.1 %	85.42	(1.6 %)
Q1 2020	81.11	4.6 %	25.53	11.5 %	18.50	6.5 %
Q2 2020	84.48	5.1 %	24.89	11.1 %	18.57	10.3 %
Q3 2020	84.09	5.5 %	25.15	29.7 %	15.73	22.3 %
Q4 2020	86.70	4.5 %	40.70	(6.9 %)	32.95	(15.2 %)
2020	336.38	4.9 %	116.26	7.8 %	85.75	0.4 %
Q1 2021	61.23	(24.5 %)	13.71	(46.3 %)	7.86	(57.5 %)
Q2 2021	63.19	(25.2 %)	16.66	(33.0 %)	10.01	(46.1 %)
Q3 2021	62.53	(25.6 %)	15.62	(37.9 %)	10.10	(35.8 %)
Q4 2021	93.40	7.7 %	28.14	(30.9 %)	20.56	(37.6 %)
2021	280.35	(16.7 %)	74.13	(36.2 %)	48.53	(43.4 %)
Q1 2022	139.74	128.2 %	38.61	181.6 %	20.93	166.3 %
Q2 2022	135.97	115.2 %	25.45	52.7 %	8.54	(14.6 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2012	-	-	-	-	-	-
2013	-	-	-	-	-	-
2014	-	-	-	-	-	-
2015	331.31	-	124.86	-	94.59	-
2016	292.24	(11.8 %)	102.12	(18.2 %)	84.97	(10.2 %)
2017	339.69	16.2 %	118.97	16.5 %	97.34	14.6 %
2018	325.19	(4.3 %)	107.77	(9.4 %)	86.84	(10.8 %)
2019	320.59	(1.4 %)	107.85	0.1 %	85.42	(1.6 %)
2020	336.38	4.9 %	116.26	7.8 %	85.75	0.4 %
2021	280.35	(16.7 %)	74.13	(36.2 %)	48.53	(43.4 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2013	-	-	-	-	-	-
Q2 2013	-	-	-	-	-	-
Q3 2013	-	-	-	-	-	-
Q4 2013	-	-	-	-	-	-
2013	-	-	-	-	-	-
Q1 2014	-	-	-	-	-	-
Q2 2014	-	-	-	-	-	-
Q3 2014	-	-	-	-	-	-
Q4 2014	-	-	-	-	-	-
2014	-	-	-	-	-	-
Q1 2015	-	-	-	-	-	-
Q2 2015	-	-	-	-	-	-
Q3 2015	-	-	-	-	-	-
Q4 2015	-	-	-	-	-	-
2015	91.74	-	4.24	-	91.74	4.24
Q1 2016	-	-	-	-	-	-
Q2 2016	-	-	-	-	-	-
Q3 2016	-	-	-	-	-	-
Q4 2016	-	-	-	-	-	-
2016	82.66	(9.9 %)	3.82	-	82.66	3.82
Q1 2017	-	-	-	-	-	-
Q2 2017	-	-	-	-	-	-
Q3 2017	-	-	-	-	-	-
Q4 2017	-	-	-	-	-	-
2017	94.39	14.2 %	4.36	-	94.39	4.36
Q1 2018	-	-	-	-	-	-
Q2 2018	-	-	-	-	-	-
Q3 2018	9.05	-	0.23	-	9.05	0.23
Q4 2018	37.90	-	0.95	-	37.90	0.95
2018	87.91	(6.9 %)	2.20	-	87.91	2.20
Q1 2019	17.12	-	0.43	-	17.12	0.43
Q2 2019	16.16	-	0.40	-	16.16	0.40
Q3 2019	12.01	32.7 %	0.30	-	12.01	0.30
Q4 2019	37.97	0.2 %	0.95	-	37.97	0.95
2019	82.75	(5.9 %)	2.07	-	82.75	2.07
Q1 2020	16.25	(5.1 %)	0.41	-	16.25	0.41
Q2 2020	17.28	7.0 %	0.43	-	17.28	0.43
Q3 2020	12.34	2.8 %	0.31	-	12.34	0.31
Q4 2020	29.92	(21.2 %)	0.75	-	29.92	0.75
2020	75.80	(8.4 %)	1.89	-	75.80	1.89
Q1 2021	4.92	(69.7 %)	0.12	-	4.92	0.12
Q2 2021	6.39	(63.0 %)	0.16	-	6.39	0.16
Q3 2021	6.34	(48.6 %)	0.16	-	6.34	0.16
Q4 2021	17.87	(40.3 %)	0.45	-	17.87	0.45
2021	35.52	(53.1 %)	0.89	-	35.52	0.89
Q1 2022	51.41	945.6 %	1.22	38.12	13.29	0.32
Q2 2022	1.01	(84.2 %)	0.02	-	1.01	0.02

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2012	-	-	-	-	-	-
2013	-	-	-	-	-	-
2014	-	-	-	-	-	-
2015	91.74	-	4.24	-	91.74	4.24
2016	82.66	(9.9 %)	3.82	-	82.66	3.82
2017	94.39	14.2 %	4.36	-	94.39	4.36
2018	87.91	(6.9 %)	2.20	-	87.91	2.20
2019	82.75	(5.9 %)	2.07	-	82.75	2.07
2020	75.80	(8.4 %)	1.89	-	75.80	1.89
2021	35.52	(53.1 %)	0.89	-	35.52	0.89

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2013	-	-	-
Q2 2013	-	-	-
Q3 2013	-	-	-
Q4 2013	-	-	-
2013	-	-	-
Q1 2014	-	-	-
Q2 2014	-	-	-
Q3 2014	-	-	-
Q4 2014	-	-	-
2014	-	-	-
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
2015	37.68 %	33.26 %	27.69 %
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
2016	34.94 %	33.95 %	28.28 %
Q1 2017	-	-	-
Q2 2017	-	-	-
Q3 2017	-	-	-
Q4 2017	-	-	-
2017	35.02 %	33.00 %	27.79 %
Q1 2018	-	-	-
Q2 2018	-	-	-
Q3 2018	-	-	-
Q4 2018	-	-	-
2018	33.14 %	30.85 %	27.03 %
Q1 2019	-	-	-
Q2 2019	32.11 %	29.72 %	24.78 %
Q3 2019	33.13 %	31.27 %	25.82 %
Q4 2019	33.80 %	31.77 %	25.97 %
2019	33.64 %	31.60 %	25.81 %
Q1 2020	34.24 %	33.56 %	25.42 %
Q2 2020	34.57 %	35.64 %	25.44 %
Q3 2020	35.85 %	38.12 %	25.21 %
Q4 2020	34.56 %	38.17 %	22.53 %
2020	34.56 %	38.17 %	22.53 %
Q1 2021	33.00 %	37.61 %	20.37 %
Q2 2021	32.59 %	37.85 %	18.15 %
Q3 2021	31.68 %	38.97 %	17.38 %
Q4 2021	26.44 %	34.56 %	12.67 %
2021	26.44 %	34.56 %	12.67 %
Q1 2022	27.59 %	32.94 %	12.23 %
Q2 2022	24.98 %	28.91 %	8.92 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2012	-	-	-
2013	-	-	-
2014	-	-	-
2015	37.68 %	33.26 %	27.69 %
2016	34.94 %	33.95 %	28.28 %
2017	35.02 %	33.00 %	27.79 %
2018	33.14 %	30.85 %	27.03 %
2019	33.64 %	31.60 %	25.81 %
2020	34.56 %	38.17 %	22.53 %
2021	26.44 %	34.56 %	12.67 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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	-	-	-
Q2 2017	-	-	-
Q3 2017	-	-	-
Q4 2017	-	-	-
Q1 2018	-	-	-
Q2 2018	-	-	-
Q3 2018	20.43 %	15.11 %	11.14 %
Q4 2018	49.74 %	49.44 %	44.82 %
Q1 2019	29.53 %	27.70 %	22.08 %
Q2 2019	27.86 %	25.71 %	20.10 %
Q3 2019	24.32 %	21.08 %	15.07 %
Q4 2019	52.68 %	51.71 %	45.78 %
Q1 2020	31.47 %	35.04 %	20.04 %
Q2 2020	29.46 %	34.20 %	20.46 %
Q3 2020	29.91 %	31.63 %	14.68 %
Q4 2020	46.94 %	51.31 %	34.51 %
Q1 2021	22.39 %	31.14 %	8.03 %
Q2 2021	26.37 %	34.17 %	10.11 %
Q3 2021	24.98 %	34.38 %	10.14 %
Q4 2021	30.12 %	37.18 %	19.13 %
Q1 2022	27.63 %	28.91 %	9.51 %
Q2 2022	18.72 %	20.70 %	0.74 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
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	-	-	-	-
Q2 2017	-	-	-	-
Q3 2017	-	-	-	-
Q4 2017	-	-	-	-
Q1 2018	-	-	-	-
Q2 2018	-	-	-	-
Q3 2018	40.00	-	-	-
Q4 2018	40.00	-	-	18.13
Q1 2019	40.00	-	-	18.07
Q2 2019	40.00	2.01	2.01	17.45
Q3 2019	40.00	2.08	2.08	17.74
Q4 2019	40.00	2.08	2.08	18.66
Q1 2020	40.00	2.06	2.06	18.36
Q2 2020	40.00	2.09	2.09	17.77
Q3 2020	40.00	2.10	2.10	18.10
Q4 2020	40.00	1.89	1.89	18.73
Q1 2021	40.00	1.61	1.61	18.85
Q2 2021	40.00	1.34	1.34	18.02
Q3 2021	40.00	1.19	1.19	18.18
Q4 2021	40.00	0.89	0.89	18.58
Q1 2022	42.09	1.95	1.04	20.97
Q2 2022	42.09	1.82	0.92	20.05

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2012	-	-	-	-
2013	-	-	-	-
2014	-	-	-	-
2015	21.64	4.24	4.24	24.12
2016	21.64	3.82	3.82	25.75
2017	21.64	4.36	4.36	29.61
2018	40.00	2.20	2.20	18.13
2019	40.00	2.07	2.07	18.66
2020	40.00	1.89	1.89	18.73
2021	40.00	0.89	0.89	18.58

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
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	-	-	-
Q2 2017	-	-	-
Q3 2017	-	-	-
Q4 2017	-	-	-
Q1 2018	-	-	-
Q2 2018	-	-	-
Q3 2018	-	-	-
Q4 2018	-	-	-
Q1 2019	-	-	-
Q2 2019	-	-	-
Q3 2019	16.14	16.14	1.89
Q4 2019	14.94	14.94	1.67
Q1 2020	16.86	16.86	1.89
Q2 2020	19.15	19.15	2.25
Q3 2020	20.25	20.25	2.35
Q4 2020	21.93	21.93	2.22
Q1 2021	28.08	28.08	2.40
Q2 2021	43.60	43.60	3.24
Q3 2021	55.12	55.12	3.61
Q4 2021	68.61	68.61	3.28
Q1 2022	28.99	54.17	2.69
Q2 2022	33.72	67.09	3.06

Period	P/E	Adjusted P/E	Price/book
2012	-	-	-
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	-	-	-
2019	15.03	15.03	1.67
2020	21.93	21.93	2.22
2021	68.61	68.61	3.28

Business Segments (Million)

Compared With The

Period	Education sector	training sector	recruitment sector	National Schools	International Schools	Indian Schools	French Schools
Q1 2019	-	-	-	48.31	19.46	7.47	2.28
Q2 2019	-	-	-	47.86	19.41	10.86	2.25
Q3 2019	-	-	-	47.65	19.16	10.70	2.23
Q4 2019	-	-	-	50.80	15.60	14.33	2.21
Q1 2020	-	-	-	49.89	21.53	7.38	2.31
Q2 2020	-	-	-	49.62	21.55	11.01	2.31
Q3 2020	-	-	-	49.60	21.32	10.90	2.28
Q4 2020	-	-	-	48.45	20.81	15.24	2.20
Q1 2021	61.23	-	-	-	-	-	-
Q2 2021	63.19	-	-	-	-	-	-
Q3 2021	62.53	-	-	-	-	-	-
Q4 2021	93.40	-	-	-	-	-	-
Q1 2022	118.71	8.23	12.80	-	-	-	-
Q2 2022	113.57	7.26	15.14	-	-	-	-

Period	Education sector	training sector	recruitment sector	National Schools	International Schools	Indian Schools	French Schools
2018	-	-	-	186.13	85.96	42.87	10.22
2019	-	-	-	194.63	73.63	43.36	8.97
2020	-	-	-	197.56	85.21	44.52	9.09
2021	280.35	-	-	-	-	-	-

Analysts Estimates (Million)

Item	Q2 2022 (e)	Q2 2022 (a)	Change‬
Average	14.30	1.01	(92.9 %)

Estimates vs Actual (Million)

Item	Q2 2022 (e)	Q2 2022 (a)	Change
AlJazira Capital	14.30	1.01	(92.9) %

Financial Ratios

	Current
Market Cap (M Riyal)	3,165.17
Enterprise Value (EV) (M)	3,763.78
Shares Outstanding ((M))	42.09
EPS ( Riyal) (TTM)	1.51
Book Value (BV) ( Riyal)	19.04
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	49.95
P/E (TTM)	49.95
Price/book	3.95
Return on Average Assets (%) (TTM)	3.0
Return on Average Equity (%) (TTM)	8.0

Ataa Educational Co. (ATAA)

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

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

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.

Ataa Educational H1 2021/22 profit rises to SAR 67.7 mln, Q2 earnings at SAR 1.5 mln

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)

Revenue by Business Segment (Latest) 2022 Q2

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Ataa Educational Co. (ATAA)

Comments {{getCommentCount()}}

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

{{comment.DisplayName}}

×

Ataa Educational H1 2021/22 profit rises to SAR 67.7 mln, Q2 earnings at SAR 1.5 mln

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) Q2 2022

Revenue by Business Segment (Latest) 2022 Q2

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Ataa Educational Co. (ATAA)

Comments {{getCommentCount()}}

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

{{comment.DisplayName}}

Business Segments (Million)