Ataa profit down 7% to SAR 63.4M in FY2023/24; Q4 at SAR 19M

Ataa profit down 7% to SAR 63.4M in FY2023/24; Q4 at SAR 19M

04/09/2024 Argaam Exclusive

View other reports

Ataa Educational Co. reported a net profit of SAR 63.4 million for the fiscal year ended July 31, 2024, compared to SAR 67.8 million the previous year.



Financials (M)

Item 2023 2024 Change‬
Revenues 680.36 678.64 (0.3 %)
Gross Income 195.24 196.41 0.6 %
Operating Income 106.75 118.74 11.2 %
Net Income 67.79 63.37 (6.5 %)
Average Shares 42.09 42.09 -
EPS (Riyals) 1.61 1.51 (6.5 %)

The profit decline is attributed to losses in the training and employment segments, in addition to a 19% year-on-year (YoY) increase in loan financing costs, related to the purchase of minority rights in Al-Yasmeen, Al-Alson, and Jeel Al-Majd complexes.

 

Meanwhile, Ataa noted an 8% YoY growth in the education segment’s net profit.

  

The company's Q4 2023/24 earnings fell 28% to SAR 19 million, compared to SAR 26.45 million a year before. 

  

On a sequential basis, Ataa's fourth-quarter earnings soared 74% from SAR 10.9 million. 



Current Quarter Comparison (M)

Compared With The
Item Q4 2023 Q4 2024 Change‬
Revenues 178.42 171.16 (4.1 %)
Gross Income 72.72 61.26 (15.8 %)
Operating Income 37.73 35.89 (4.9 %)
Net Income 26.45 18.96 (28.3 %)
Average Shares 42.09 42.09 -
EPS (Riyals) 0.63 0.45 (28.3 %)

Shareholders’ equity, no minority rights, reached SAR 801.32 million by the end of FY2023/24, compared to SAR 786.76 million a year before. 



Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
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 %
Q1 2024 173.74 1.3 % 55.40 10.9 % 32.98 11.5 %
Q2 2024 170.22 (0.2 %) 39.49 8.2 % 25.21 34.2 %
Q3 2024 163.52 2.3 % 40.26 11.6 % 24.67 19.5 %
Q4 2024 171.16 (4.1 %) 61.26 (15.8 %) 35.89 (4.9 %)
2024 678.64 (0.3 %) 196.41 0.6 % 118.74 11.2 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
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
Q1 2024 22.05 4.7 % 0.52 - 22.05 0.52
Q2 2024 11.46 20.0 % 0.27 - 11.46 0.27
Q3 2024 10.90 1.6 % 0.26 - 10.90 0.26
Q4 2024 18.96 (28.3 %) 0.45 - 18.96 0.45
2024 63.37 (6.5 %) 1.51 - 63.37 1.51

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
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 %
Q1 2024 29.40 % 28.54 % 9.75 %
Q2 2024 29.85 % 29.50 % 10.04 %
Q3 2024 30.31 % 29.71 % 10.01 %
Q4 2024 28.94 % 29.66 % 9.34 %
2024 28.94 % 29.66 % 9.34 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
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
Q1 2024 42.09 1.63 1.58 19.22
Q2 2024 42.09 1.68 1.63 18.39
Q3 2024 42.09 1.68 1.63 18.65
Q4 2024 42.09 1.51 1.51 19.04

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
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
Q1 2024 44.37 45.84 3.77
Q2 2024 36.80 37.99 3.36
Q3 2024 48.53 50.09 4.38
Q4 2024 50.01 50.01 3.96

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 - - - -
Q1 2024 162.40 9.72 1.62 - - - -
Q2 2024 160.49 9.21 0.52 - - - -
Q3 2024 158.45 4.80 0.26 - - - -
Q4 2024 164.33 6.69 0.14 - - - -

Analysts Estimates (Million)

Item Q4 2024 (e) Q4 2024 (a) Change‬
Average 26.60 18.96 (28.7 %)

Estimates vs Actual (Million)

Item Q4 2024 (e) Q4 2024 (a) Change
U-Capital 26.60 18.96 (28.7) %

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

Share Price

75.20
(0.10) (0.13 %)

Ataa Educational Co. (ATAA)


Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}
loader Train
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.