Ataa Educational profit reaches SAR 67.8 mln in FY2022/23; Q4 at SAR 26.5 mln

Ataa Educational profit reaches SAR 67.8 mln in FY2022/23; Q4 at SAR 26.5 mln

26/10/2023 Argaam Exclusive

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Ataa Educational Co. reported a net profit of SAR 67.8 million for the fiscal year ended July 31, 2023, compared to SAR 70.6 million in the same period the previous year. 



Financials (M)

Item 2022 2023 Change‬
Revenues 592.32 680.36 14.9 %
Gross Income 133.62 195.24 46.1 %
Operating Income 67.20 106.75 58.9 %
Net Income 70.62 67.79 (4.0 %)
Average Shares 42.09 42.09 -
EPS (Riyals) 1.68 1.61 (4.0 %)

The profit decline was due to recording an increase in operating costs by 6% year-on-year (YoY), mainly due to salaries and wages. 

  

Financing costs rose by 31% YoY due to the financing related to the acquisition of the Arab Group for Education and Training, in addition to the increase in SIBOR prices. 

  

Marketing expenses related to the company’s marketing campaigns soared by 167% YoY. 

  

The company's Q4 2022/2023 earnings fell 76% to SAR 26.5 million, compared to SAR 15 million a year before. 

  

On a sequential basis, Ataa's fourth-quarter earnings soared from SAR 10.73 million. 



Current Quarter Comparison (M)

Compared With The
Item Q4 2022 Q4 2023 Change‬
Revenues 173.73 178.42 2.7 %
Gross Income 45.85 72.72 58.6 %
Operating Income 28.24 37.73 33.6 %
Net Income 15.04 26.45 75.8 %
Average Shares 42.09 42.09 -
EPS (Riyals) 0.36 0.63 75.8 %

Shareholders’ equity, no minority rights, reached SAR 824.98 million by the end of FY2022/23, compared to SAR 859.64 million a year before. 

View More Financial Results

 


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 - - - - - -
Q2 2017 - - - - - -
Q3 2017 - - - - - -
Q4 2017 - - - - - -
Q1 2018 - - - - - -
Q2 2018 - - - - - -
Q3 2018 81.26 - 16.60 - 8.58 -
Q4 2018 84.56 - 42.06 - 37.95 -
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 %
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 %)
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 %)
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 %)
Q3 2022 142.89 128.5 % 23.72 51.8 % 9.49 (6.1 %)
Q4 2022 173.73 86.0 % 45.85 62.9 % 28.24 37.3 %
Q1 2023 171.53 22.7 % 49.97 29.4 % 29.59 41.3 %
Q2 2023 170.52 25.4 % 36.49 43.4 % 18.78 119.9 %
Q3 2023 159.89 11.9 % 36.07 52.1 % 20.65 117.6 %
Q4 2023 178.42 2.7 % 72.72 58.6 % 37.73 33.6 %
2023 680.36 14.9 % 195.24 46.1 % 106.75 58.9 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO 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 - - - - - -
Q1 2018 - - - - - -
Q2 2018 - - - - - -
Q3 2018 9.05 - 0.23 - 9.05 0.23
Q4 2018 37.90 - 0.95 - 37.90 0.95
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
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
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
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
Q3 2022 3.15 (50.4 %) 0.07 - 3.15 0.07
Q4 2022 15.04 (15.8 %) 0.36 - 15.04 0.36
Q1 2023 21.06 (59.0 %) 0.50 - 21.06 0.50
Q2 2023 9.55 843.8 % 0.23 - 9.55 0.23
Q3 2023 10.73 241.0 % 0.25 - 10.73 0.25
Q4 2023 26.45 75.8 % 0.63 2.21 24.24 0.58
2023 67.79 (4.0 %) 1.61 2.21 65.58 1.56

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 - - -
Q1 2018 - - -
Q2 2018 - - -
Q3 2018 - - -
Q4 2018 - - -
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 %
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 %
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 %
Q1 2022 27.59 % 32.94 % 12.23 %
Q2 2022 24.98 % 28.91 % 8.92 %
Q3 2022 22.64 % 25.98 % 6.90 %
Q4 2022 22.56 % 25.57 % 5.49 %
Q1 2023 23.23 % 26.08 % 6.45 %
Q2 2023 23.69 % 26.34 % 7.41 %
Q3 2023 24.92 % 27.38 % 8.34 %
Q4 2023 28.70 % 28.21 % 9.64 %
2023 28.70 % 28.21 % 9.64 %


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 - - - -
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
Q3 2022 42.09 1.75 0.84 20.12
Q4 2022 42.09 1.68 0.77 19.52
Q1 2023 42.09 0.96 0.96 20.02
Q2 2023 42.09 1.16 1.16 19.25
Q3 2023 42.09 1.34 1.34 19.50
Q4 2023 42.09 1.61 1.56 18.69

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 - - -
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
Q3 2022 32.67 67.92 2.83
Q4 2022 32.48 70.59 2.79
Q1 2023 65.96 65.96 3.15
Q2 2023 66.58 66.58 4.01
Q3 2023 53.75 53.75 3.69
Q4 2023 44.58 46.08 3.84

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 - - - -
Q3 2022 122.51 6.03 14.35 - - - -
Q4 2022 151.23 8.79 13.70 - - - -
Q1 2023 156.97 13.08 1.48 - - - -
Q2 2023 157.59 9.69 3.24 - - - -
Q3 2023 149.78 6.76 3.35 - - - -
Q4 2023 156.34 9.03 13.05 - - - -


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
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Share Price

Ataa Educational Co.
75.20
(0.10) (0.13 %)

Ataa Educational Co. (ATAA)

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