BinDawood Holding H1 2024 profit up 14% to SAR 137M; Q2 at SAR 78M

11/08/2024 Argaam Exclusive

View other reports

BinDawood Holding Co. reported a 14% rise in H1 2024 net profit to SAR 137 million (excluding minority interest) from SAR 120.8 million in H1 2023.

Financials (M)

Item	6m 2023	6m 2024	Change‬
Revenues	2,792.76	2,890.76	3.5 %
Gross Income	868.68	931.47	7.2 %
Operating Income	171.24	180.46	5.4 %
Net Income	120.79	132.31	9.5 %
Average Shares	1,143.00	1,143.00	-
EPS (Riyals)	0.11	0.12	9.5 %

Revenues rose 3.5% year-on-year (YoY) to SAR 2.89 billion in H1 2024, due to the success of the company’s loyalty program, the emphasis on data-driven decisions, better product mix and enhancements to the shopping experience.

Operating expenses reached SAR 751.0 million in H1 2024, compared to SAR 706.4 million in H1 2023. The ratio of operating expenses to sales increased marginally to 26.0% in H1 2024 from 25.3% in H1 2023, on the back of increased investment in human capital, the inauguration of two new Danube stores and one BinDawood Express store, and the cumulative impact of stores launched last year.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2023	Q2 2024	Change‬
Revenues	1,411.60	1,417.84	0.4 %
Gross Income	452.05	480.43	6.3 %
Operating Income	96.74	98.89	2.2 %
Net Income	69.30	72.65	4.8 %
Average Shares	1,143.00	1,143.00	-
EPS (Riyals)	0.06	0.06	4.8 %

Item	Q1 2024	Q2 2024	Change‬
Revenues	1,472.92	1,417.84	(3.7 %)
Gross Income	451.04	480.43	6.5 %
Operating Income	81.58	98.89	21.2 %
Net Income	59.66	72.65	21.8 %
Average Shares	1,143.00	1,143.00	-
EPS (Riyals)	0.05	0.06	21.8 %

In Q2 2024, net profit jumped 12% YoY to SAR 78 million.

The second-quarter net earnings increased by 29.9% from SAR 59.6 million in Q1 2024.

Shareholders’ equity, excluding minority interest, rose to SAR 1.4 billion as of June 30, 2024, from SAR 1.36 billion a year earlier.

Attached Documents

View More Financial Results

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
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 %)
Q2 2022	1,220.91	8.7 %	378.15	(5.3 %)	62.86	(45.3 %)
Q3 2022	1,182.55	9.7 %	307.17	(22.7 %)	(29.38)	(131.5 %)
Q4 2022	1,318.34	24.7 %	368.09	36.9 %	38.02	235.8 %
2022	4,897.03	11.7 %	1,437.07	(0.1 %)	142.39	(46.3 %)
Q1 2023	1,381.16	17.5 %	416.63	8.6 %	74.50	5.1 %
Q2 2023	1,411.60	15.6 %	452.05	19.5 %	96.74	53.9 %
Q3 2023	1,358.76	14.9 %	420.86	37.0 %	53.88	283.4 %
Q4 2023	1,451.40	10.1 %	520.25	41.3 %	129.39	240.3 %
2023	5,602.93	14.4 %	1,809.79	25.9 %	354.51	149.0 %
Q1 2024	1,472.92	6.6 %	451.04	8.3 %	81.58	9.5 %
Q2 2024	1,417.84	0.4 %	480.43	6.3 %	98.89	2.2 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
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 %)
2022	4,897.03	11.7 %	1,437.07	(0.1 %)	142.39	(46.3 %)
2023	5,602.93	14.4 %	1,809.79	25.9 %	354.51	149.0 %

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	-	-	-	-	-	-
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
Q2 2022	42.34	(55.4 %)	0.04	-	42.34	0.04
Q3 2022	(48.26)	(168.7 %)	(0.04)	-	(48.26)	(0.04)
Q4 2022	59.13	347.4 %	0.05	40.05	19.07	0.02
2022	118.66	(50.7 %)	0.10	57.20	61.46	0.05
Q1 2023	51.49	(21.3 %)	0.05	-	51.49	0.05
Q2 2023	69.30	63.7 %	0.06	(9.00)	78.30	0.07
Q3 2023	34.91	172.3 %	0.03	-	34.91	0.03
Q4 2023	120.84	104.4 %	0.11	-	120.84	0.11
2023	276.53	133.1 %	0.24	(9.00)	285.53	0.25
Q1 2024	59.66	15.9 %	0.05	-	59.66	0.05
Q2 2024	72.65	4.8 %	0.06	-	72.65	0.06

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
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
2022	118.66	(50.7 %)	0.10	57.20	61.46	0.05
2023	276.53	133.1 %	0.24	(9.00)	285.53	0.25

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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 %
Q2 2022	31.52 %	13.85 %	2.41 %
Q3 2022	28.86 %	10.99 %	(0.12 %)
Q4 2022	29.35 %	11.88 %	1.25 %
2022	29.35 %	11.88 %	1.25 %
Q1 2023	28.81 %	11.56 %	1.27 %
Q2 2023	29.17 %	12.05 %	1.90 %
Q3 2023	30.30 %	13.28 %	3.36 %
Q4 2023	32.30 %	14.61 %	5.10 %
2023	32.30 %	14.61 %	5.10 %
Q1 2024	32.38 %	14.61 %	5.16 %
Q2 2024	32.85 %	14.49 %	5.05 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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 %
2022	29.35 %	11.88 %	1.25 %
2023	32.30 %	14.61 %	5.10 %

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	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 %
Q2 2022	30.97 %	13.94 %	3.47 %
Q3 2022	25.98 %	6.95 %	(4.08 %)
Q4 2022	27.92 %	11.44 %	1.45 %
Q1 2023	30.17 %	13.52 %	3.73 %
Q2 2023	32.02 %	15.45 %	5.55 %
Q3 2023	30.97 %	12.56 %	2.57 %
Q4 2023	35.84 %	16.76 %	8.33 %
Q1 2024	30.62 %	13.58 %	4.05 %
Q2 2024	33.88 %	14.98 %	5.12 %

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	-	-	-	-
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
Q2 2022	1,143.00	0.17	0.10	1.26
Q3 2022	1,143.00	0.06	0.00	1.13
Q4 2022	1,143.00	0.10	0.05	1.19
Q1 2023	1,143.00	0.09	0.06	1.23
Q2 2023	1,143.00	0.12	0.09	1.19
Q3 2023	1,143.00	0.19	0.16	1.22
Q4 2023	1,143.00	0.24	0.25	1.22
Q1 2024	1,143.00	0.25	0.26	1.27
Q2 2024	1,143.00	0.25	0.25	1.22

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
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
2022	1,143.00	0.10	0.05	1.19
2023	1,143.00	0.24	0.25	1.22

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	-	-	-
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
Q2 2022	53.79	94.05	7.12
Q3 2022	More than 100	NEG	6.04
Q4 2022	46.62	90.02	4.08
Q1 2023	71.95	More than 100	5.37
Q2 2023	64.51	84.42	6.23
Q3 2023	32.78	38.31	5.07
Q4 2023	25.59	24.78	5.06
Q1 2024	35.41	34.32	6.92
Q2 2024	29.32	29.32	6.03

Period	P/E	Adjusted P/E	Price/book
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	-	-	-
2019	-	-	-
2020	30.38	32.38	10.36
2021	45.52	62.27	7.76
2022	46.62	90.02	4.08
2023	25.59	24.78	5.06

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
Q2 2022	791.04	426.62	3.26
Q3 2022	770.00	374.50	38.05
Q4 2022	868.96	374.30	75.07
Q1 2023	873.10	446.30	61.76
Q2 2023	870.50	465.80	75.30
Q3 2023	867.20	414.60	77.00
Q4 2023	925.59	396.97	128.84
Q1 2024	934.90	484.00	54.02
Q2 2024	884.40	450.10	83.34

Period	Danube markets	Bin Dawood Markets	Others
2020	3,656.00	1,501.00	-
2021	3,173.00	1,209.20	-
2022	3,243.70	1,536.50	116.83
2023	3,540.30	1,739.80	322.83

Analysts Estimates (Million)

Item	Q2 2024 (e)	Q2 2024 (a)	Change‬
Average	64.50	72.65	12.64 %

Estimates vs Actual (Million)

Item	Q2 2024 (e)	Q2 2024 (a)	Change
Sico	68.60	72.65	5.9 %
Goldman Sachs	68.58	72.65	5.9 %
AlJazira Capital	66.80	72.65	8.8 %
U-Capital	65.80	72.65	10.4 %
SNB Capital	64.70	72.65	12.3 %
Al Rajhi Capital	64.00	72.65	13.5 %
Riyad Capital	53.00	72.65	37.1 %

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)

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.

BinDawood Holding H1 2024 profit up 14% to SAR 137M; Q2 at SAR 78M

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) 2024 Q2

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

BinDawood Holding Co. (BINDAWOOD)

Comments {{getCommentCount()}}

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

{{comment.DisplayName}}

×

BinDawood Holding H1 2024 profit up 14% to SAR 137M; Q2 at SAR 78M

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 2024

Revenue by Business Segment (Latest) 2024 Q2

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

BinDawood Holding Co. (BINDAWOOD)

Comments {{getCommentCount()}}

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

{{comment.DisplayName}}

Business Segments (Million)