BinDawood Holding net profit up 5% to SAR 65.5 mln in Q1 2022

23/05/2022 Argaam Exclusive

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BinDawood Holding Co. reported a net profit after Zakat and tax of SAR 65.5 million for Q1 2022, increasing 5% from SAR 62.1 million in the year-earlier period.

Current Quarter Comparison (M)

Compared With The

Item	Q1 2021	Q1 2022	Change‬
Revenues	1,124.42	1,175.24	4.5 %
Gross Income	373.36	383.67	2.8 %
Operating Income	84.71	70.89	(16.3 %)
Net Income	62.12	65.46	5.4 %
Average Shares	1,143.00	1,143.00	-
EPS (Riyals)	0.05	0.06	5.4 %

Item	Q4 2021	Q1 2022	Change‬
Revenues	1,057.12	1,175.24	11.2 %
Gross Income	268.86	383.67	42.7 %
Operating Income	(28.00)	70.89	353.1 %
Net Income	13.22	65.46	395.3 %
Average Shares	1,143.00	1,143.00	-
EPS (Riyals)	0.01	0.06	395.3 %

The profit increase was driven by a 4.5% rise year-on-year (YoY) in revenue. Moreover, the period included the month of Sha’ban and back-to-school season.

In addition, BinDawood Haramain stores in Makkah and Madinah benefitted from lifting all restrictions on pilgrims performing Umrah.

Sequentially, the company’s net profit surged nearly four-fold from SAR 13.2 million in Q4 2021.

Total shareholders’ equity, excluding minority interest, stood at SAR 1.402 billion as of March 31, 2022, down 0.63% from SAR 1.411 billion a year earlier.

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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	-	-	-	-	-	-
Q1 2016	-	-	-	-	-	-
Q2 2016	-	-	-	-	-	-
Q3 2016	-	-	-	-	-	-
Q4 2016	-	-	-	-	-	-
2016	4,518.08	-	974.22	-	56.95	-
Q1 2017	-	-	-	-	-	-
Q2 2017	-	-	-	-	-	-
Q3 2017	-	-	-	-	-	-
Q4 2017	-	-	-	-	-	-
2017	4,766.28	5.5 %	1,003.62	3.0 %	(142.91)	(350.9 %)
Q1 2018	-	-	-	-	-	-
Q2 2018	-	-	-	-	-	-
Q3 2018	-	-	-	-	-	-
Q4 2018	-	-	-	-	-	-
2018	4,554.15	(4.5 %)	1,552.85	54.7 %	378.65	365.0 %
Q1 2019	1,120.48	-	357.53	-	91.33	-
Q2 2019	1,306.61	-	417.88	-	123.28	-
Q3 2019	1,196.41	-	447.28	-	146.83	-
Q4 2019	1,220.27	-	421.83	-	145.42	-
2019	4,843.77	6.4 %	1,644.53	5.9 %	506.87	33.9 %
Q1 2020	1,413.21	26.1 %	452.45	26.5 %	148.70	62.8 %
Q2 2020	1,547.59	18.4 %	504.12	20.6 %	210.25	70.5 %
Q3 2020	1,082.48	(9.5 %)	356.27	(20.3 %)	84.11	(42.7 %)
Q4 2020	1,113.19	(8.8 %)	359.05	(14.9 %)	62.29	(57.2 %)
2020	5,156.47	6.5 %	1,671.89	1.7 %	505.34	(0.3 %)
Q1 2021	1,124.42	(20.4 %)	373.36	(17.5 %)	84.71	(43.0 %)
Q2 2021	1,122.82	(27.4 %)	399.40	(20.8 %)	115.01	(45.3 %)
Q3 2021	1,077.81	(0.4 %)	397.30	11.5 %	93.25	10.9 %
Q4 2021	1,057.12	(5.0 %)	268.86	(25.1 %)	(28.00)	(145.0 %)
2021	4,382.17	(15.0 %)	1,438.92	(13.9 %)	264.96	(47.6 %)
Q1 2022	1,175.24	4.5 %	383.67	2.8 %	70.89	(16.3 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2012	-	-	-	-	-	-
2013	-	-	-	-	-	-
2014	-	-	-	-	-	-
2015	-	-	-	-	-	-
2016	4,518.08	-	974.22	-	56.95	-
2017	4,766.28	5.5 %	1,003.62	3.0 %	(142.91)	(350.9 %)
2018	4,554.15	(4.5 %)	1,552.85	54.7 %	378.65	365.0 %
2019	4,843.77	6.4 %	1,644.53	5.9 %	506.87	33.9 %
2020	5,156.47	6.5 %	1,671.89	1.7 %	505.34	(0.3 %)
2021	4,382.17	(15.0 %)	1,438.92	(13.9 %)	264.96	(47.6 %)

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	-	-	-	-	-	-
Q1 2016	-	-	-	-	-	-
Q2 2016	-	-	-	-	-	-
Q3 2016	-	-	-	-	-	-
Q4 2016	-	-	-	-	-	-
2016	481.00	-	0.42	-	481.00	0.42
Q1 2017	-	-	-	-	-	-
Q2 2017	-	-	-	-	-	-
Q3 2017	-	-	-	-	-	-
Q4 2017	-	-	-	-	-	-
2017	414.34	(13.9 %)	0.36	-	414.34	0.36
Q1 2018	-	-	-	-	-	-
Q2 2018	-	-	-	-	-	-
Q3 2018	-	-	-	-	-	-
Q4 2018	-	-	-	-	-	-
2018	397.84	(4.0 %)	0.35	-	397.84	0.35
Q1 2019	69.15	-	0.06	-	69.15	0.06
Q2 2019	101.64	-	0.09	-	101.64	0.09
Q3 2019	124.47	-	0.11	-	124.47	0.11
Q4 2019	123.87	-	0.11	-	123.87	0.11
2019	419.14	5.4 %	0.37	-	419.14	0.37
Q1 2020	126.26	82.6 %	0.11	-	126.26	0.11
Q2 2020	185.42	82.4 %	0.16	-	185.42	0.16
Q3 2020	78.65	(36.8 %)	0.07	14.90	63.75	0.06
Q4 2020	57.39	(53.7 %)	0.05	12.69	44.70	0.04
2020	447.72	6.8 %	0.39	27.60	420.12	0.37
Q1 2021	62.12	(50.8 %)	0.05	-	62.12	0.05
Q2 2021	94.99	(48.8 %)	0.08	-	94.99	0.08
Q3 2021	70.24	(10.7 %)	0.06	3.57	66.68	0.06
Q4 2021	13.22	(77.0 %)	0.01	61.16	(47.94)	(0.04)
2021	240.56	(46.3 %)	0.21	64.72	175.84	0.15
Q1 2022	65.46	5.4 %	0.06	17.15	48.31	0.04

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2012	-	-	-	-	-	-
2013	-	-	-	-	-	-
2014	-	-	-	-	-	-
2015	-	-	-	-	-	-
2016	481.00	-	0.42	-	481.00	0.42
2017	414.34	(13.9 %)	0.36	-	414.34	0.36
2018	397.84	(4.0 %)	0.35	-	397.84	0.35
2019	419.14	5.4 %	0.37	-	419.14	0.37
2020	447.72	6.8 %	0.39	27.60	420.12	0.37
2021	240.56	(46.3 %)	0.21	64.72	175.84	0.15

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	-	-	-
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
2016	21.56 %	3.69 %	10.65 %
Q1 2017	-	-	-
Q2 2017	-	-	-
Q3 2017	-	-	-
Q4 2017	-	-	-
2017	21.06 %	0.13 %	8.69 %
Q1 2018	-	-	-
Q2 2018	-	-	-
Q3 2018	-	-	-
Q4 2018	-	-	-
2018	34.10 %	11.73 %	8.74 %
Q1 2019	-	-	-
Q2 2019	-	-	-
Q3 2019	-	-	-
Q4 2019	33.95 %	9.42 %	8.65 %
2019	33.95 %	13.77 %	8.65 %
Q1 2020	33.86 %	10.50 %	9.27 %
Q2 2020	33.95 %	15.16 %	10.41 %
Q3 2020	32.96 %	14.35 %	9.49 %
Q4 2020	32.42 %	18.23 %	8.15 %
2020	32.42 %	18.23 %	8.15 %
Q1 2021	32.72 %	19.74 %	7.31 %
Q2 2021	33.49 %	17.41 %	5.98 %
Q3 2021	34.45 %	17.62 %	6.05 %
Q4 2021	32.84 %	15.65 %	4.01 %
2021	32.84 %	15.65 %	4.01 %
Q1 2022	32.69 %	15.10 %	3.66 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2012	-	-	-
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	21.56 %	3.69 %	10.65 %
2017	21.06 %	0.13 %	8.69 %
2018	34.10 %	11.73 %	8.74 %
2019	33.95 %	13.77 %	8.65 %
2020	32.42 %	18.23 %	8.15 %
2021	32.84 %	15.65 %	4.01 %

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	-	-	-
Q4 2018	-	-	-
Q1 2019	31.91 %	-	6.17 %
Q2 2019	31.98 %	-	7.78 %
Q3 2019	37.39 %	21.04 %	10.40 %
Q4 2019	34.57 %	(0.81 %)	10.15 %
Q1 2020	32.02 %	12.32 %	8.93 %
Q2 2020	32.57 %	25.82 %	11.98 %
Q3 2020	32.91 %	17.72 %	5.89 %
Q4 2020	32.25 %	15.69 %	4.02 %
Q1 2021	33.20 %	17.32 %	5.52 %
Q2 2021	35.57 %	18.90 %	8.46 %
Q3 2021	36.86 %	18.57 %	6.19 %
Q4 2021	25.43 %	7.45 %	(4.53 %)
Q1 2022	32.65 %	15.19 %	4.11 %

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	-	-	-	-
Q4 2018	-	-	-	-
Q1 2019	1,143.00	-	-	-
Q2 2019	1,143.00	-	-	0.86
Q3 2019	1,143.00	-	-	0.97
Q4 2019	1,143.00	0.37	0.37	1.04
Q1 2020	1,143.00	0.42	0.42	1.15
Q2 2020	1,143.00	0.49	0.49	1.23
Q3 2020	1,143.00	0.45	0.44	1.30
Q4 2020	1,143.00	0.39	0.37	1.15
Q1 2021	1,143.00	0.34	0.31	1.20
Q2 2021	1,143.00	0.26	0.23	1.29
Q3 2021	1,143.00	0.25	0.23	1.22
Q4 2021	1,143.00	0.21	0.15	1.23
Q1 2022	1,143.00	0.21	0.14	1.23

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2012	-	-	-	-
2013	-	-	-	-
2014	-	-	-	-
2015	-	-	-	-
2016	1,143.00	0.42	0.42	0.68
2017	1,143.00	0.36	0.36	0.72
2018	1,143.00	0.35	0.35	0.89
2019	1,143.00	0.37	0.37	1.04
2020	1,143.00	0.39	0.37	1.15
2021	1,143.00	0.21	0.15	1.23

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	-	-	-
Q4 2019	-	-	-
Q1 2020	-	-	-
Q2 2020	-	-	-
Q3 2020	-	-	-
Q4 2020	30.38	32.38	10.36
Q1 2021	32.48	35.00	9.06
Q2 2021	43.20	47.69	8.62
Q3 2021	43.19	45.81	8.80
Q4 2021	45.52	62.27	7.76
Q1 2022	44.85	67.51	7.80

Period	P/E	Adjusted P/E	Price/book
2012	-	-	-
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	-	-	-
2019	-	-	-
2020	30.38	32.38	10.36
2021	45.52	62.27	7.76

Business Segments (Million)

Compared With The

Period	Danube markets	Bin Dawood Markets	Others
Q3 2021	807.60	270.20	-
Q4 2021	752.30	304.80	-
Q1 2022	813.70	361.08	0.46

Period	Danube markets	Bin Dawood Markets	Others
2020	3,656.00	1,501.00	-
2021	3,173.00	1,209.20	-

Analysts Estimates (Million)

Item	Q1 2022 (e)	Q1 2022 (a)	Change‬
Average	56.96	65.46	14.92 %

Estimates vs Actual (Million)

Item	Q1 2022 (e)	Q1 2022 (a)	Change
SNB Capital	72.00	65.46	(9.1) %
U-Capital	95.00	65.46	(31.1) %
Al Rajhi Capital	44.00	65.46	48.8 %
AlJazira Capital	39.80	65.46	64.5 %
Sico	34.00	65.46	92.5 %

Financial Ratios

	Current
Market Cap (M Riyal)	7,818.12
Enterprise Value (EV) (M)	7,387.41
Shares Outstanding ((M))	1,143.00
EPS ( Riyal) (TTM)	0.25
Book Value (BV) ( Riyal)	1.26
Par Value ( Riyal)	1.00
Adjusted P/E (Last12)	27.29
P/E (TTM)	27.29
Price/book	5.43
Return on Average Assets (%) (TTM)	5.6
Return on Average Equity (%) (TTM)	20.2

BinDawood Holding Co. (BINDAWOOD)

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BinDawood Holding net profit up 5% to SAR 65.5 mln in Q1 2022

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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 Q1

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

BinDawood Holding Co. (BINDAWOOD)

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BinDawood Holding net profit up 5% to SAR 65.5 mln in Q1 2022

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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) Q1 2022

Revenue by Business Segment (Latest) 2022 Q1

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

BinDawood Holding Co. (BINDAWOOD)

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Business Segments (Million)