Ataa Educational reports net profit of SAR 21.1mln in Q1 2022/23

Ataa Educational reports net profit of SAR 21.1mln in Q1 2022/23

05/12/2022 Argaam Exclusive

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Ataa Educational Co. reported a net profit after Zakat and tax of SAR 21.1 million for the first quarter ended Oct. 31, 2022, a 59% decline from SAR 51.4 million in the same period last year.



Current Quarter Comparison (M)

Compared With The
Item Q1 2022 Q1 2023 Change‬
Revenues 139.74 171.53 22.7 %
Gross Income 38.61 49.97 29.4 %
Operating Income 20.93 29.59 41.3 %
Net Income 51.41 21.06 (59.0 %)
Average Shares 42.09 42.09 0.0 %
EPS (Riyals) 1.22 0.50 (59.0 %)

The decline in net profit was attributed to realizing SAR 38.1 million non-recurring gains in the same quarter of the previous year resulting from the acquisition of the Arabian Education and Training Group.

 

Excluding the effect of these gains, considering that they are non-recurring and not a result of activity, there is an income increase in the current quarter of 58.4% year-on-year.

 

On a sequential basis, net profit rose 51% from SAR 13.65 million in Q4 2021/2022.

 

Shareholders’ equity, excluding minority interest, stood at SAR 880.706 million as of Oct. 31, 2022, up from SAR 810.992 million in the year-earlier period.



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 %


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

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 %


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

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

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 - - - -


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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