Nayifat Q1 2024 profit dips 47% to SAR 17.2M

Nayifat Q1 2024 profit dips 47% to SAR 17.2M

07/05/2024 Argaam Exclusive

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Nayifat Finance Co. reported a net profit of SAR 17.2 million in Q1 2024, a 47% decline from SAR 32.5 million in the year-earlier period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2023 Q1 2024 Change‬
Net income from finance commissions 67.90 49.20 (27.5 %)
Net Income 32.45 17.18 (47.1 %)
Average Shares 120.00 120.00 -
EPS (Riyals) 0.27 0.14 (47.1 %)

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Financial results (Million)

Period Commission income from finance and investments Change Net income from finance commissions Change Net Income Change EPS(Riyal)
Q1 2015 - - - - - - -
Q2 2015 - - - - - - -
Q3 2015 - - - - - - -
Q4 2015 - - - - - - -
Q1 2016 - - - - - - -
Q2 2016 - - - - - - -
Q3 2016 - - - - - - -
Q4 2016 - - - - - - -
Q1 2017 99.57 - 64.75 - 48.25 - 0.40
Q2 2017 81.65 - 45.40 - 35.41 - 0.30
Q3 2017 81.60 - 45.01 - 39.00 - 0.32
Q4 2017 95.10 - 109.64 - 46.92 - 0.39
Q1 2018 84.02 (15.6 %) 51.38 (20.7 %) 39.29 (18.6 %) 0.33
Q2 2018 79.79 (2.3 %) 49.68 9.4 % 33.38 (5.7 %) 0.28
Q3 2018 76.72 (6.0 %) 43.98 (2.3 %) 36.85 (5.5 %) 0.31
Q4 2018 81.75 (14.0 %) 125.25 14.2 % 67.04 42.9 % 0.56
Q1 2019 84.97 1.1 % 49.61 (3.4 %) 41.31 5.1 % 0.34
Q2 2019 93.62 17.3 % 57.31 15.4 % 67.62 102.6 % 0.56
Q3 2019 102.47 33.6 % 63.43 44.2 % 46.73 26.8 % 0.39
Q4 2019 108.83 33.1 % 67.58 (46.0 %) 63.17 (5.8 %) 0.53
Q1 2020 108.43 27.6 % 69.60 40.3 % 53.75 30.1 % 0.45
Q2 2020 100.80 7.7 % 67.37 17.5 % 37.37 (44.7 %) 0.31
Q3 2020 104.43 1.9 % 68.66 8.2 % 49.48 5.9 % 0.41
Q4 2020 100.81 (7.4 %) 67.16 (0.6 %) 60.88 (3.6 %) 0.51
Q1 2021 99.06 (8.6 %) 72.27 3.8 % 57.92 7.8 % 0.48
Q2 2021 97.39 (3.4 %) 72.58 7.7 % 58.10 55.5 % 0.48
Q3 2021 97.27 (6.9 %) 71.34 3.9 % 57.63 16.5 % 0.48
Q4 2021 97.13 (3.6 %) 67.89 1.1 % 51.44 (15.5 %) 0.43
Q1 2022 94.13 (5.0 %) 65.28 (9.7 %) 49.52 (14.5 %) 0.41
Q2 2022 98.88 1.5 % 69.83 (3.8 %) 43.74 (24.7 %) 0.36
Q3 2022 100.60 3.4 % 71.76 0.6 % 42.04 (27.1 %) 0.35
Q4 2022 98.43 1.3 % 68.71 1.2 % 36.15 (29.7 %) 0.30
Q1 2023 99.34 5.5 % 67.90 4.0 % 32.45 (34.5 %) 0.27
Q2 2023 101.70 2.9 % 66.93 (4.2 %) 21.25 (51.4 %) 0.18
Q3 2023 99.59 (1.0 %) 64.05 (10.7 %) 19.14 (54.5 %) 0.16
Q4 2023 94.62 (3.9 %) 59.01 (14.1 %) 15.87 (56.1 %) 0.13
Q1 2024 85.53 (13.9 %) 49.20 (27.5 %) 17.18 (47.1 %) 0.14

Profitability

Period Return On Average Assets Return on Average Equity Net Profit/Investment Income & Other Financing Operations
Q1 2015 - - -
Q2 2015 - - -
Q3 2015 - - -
Q4 2015 - - -
Q1 2016 - - -
Q2 2016 - - -
Q3 2016 - - -
Q4 2016 - - -
Q1 2017 - - -
Q2 2017 - - -
Q3 2017 - - -
Q4 2017 - - 47.38 %
Q1 2018 - 19.90 % 46.91 %
Q2 2018 - 19.39 % 46.57 %
Q3 2018 - 18.34 % 46.61 %
Q4 2018 9.65 % 19.58 % 54.79 %
Q1 2019 9.91 % 18.95 % 55.25 %
Q2 2019 11.54 % 21.91 % 63.14 %
Q3 2019 12.23 % 22.45 % 61.38 %
Q4 2019 11.70 % 22.28 % 56.12 %
Q1 2020 11.76 % 22.46 % 55.95 %
Q2 2020 9.92 % 19.00 % 47.80 %
Q3 2020 10.46 % 18.78 % 48.23 %
Q4 2020 10.44 % 18.87 % 48.61 %
Q1 2021 10.31 % 18.30 % 50.76 %
Q2 2021 11.26 % 20.42 % 56.35 %
Q3 2021 12.15 % 20.18 % 59.44 %
Q4 2021 12.05 % 19.47 % 57.59 %
Q1 2022 11.61 % 17.91 % 56.15 %
Q2 2022 10.66 % 17.08 % 52.23 %
Q3 2022 9.69 % 15.13 % 47.79 %
Q4 2022 9.01 % 13.82 % 43.73 %
Q1 2023 7.80 % 12.05 % 38.86 %
Q2 2023 6.60 % 10.33 % 32.97 %
Q3 2023 5.39 % 8.34 % 27.31 %
Q4 2023 4.42 % 6.66 % 22.44 %
Q1 2024 3.57 % 5.41 % 19.25 %

Balance Sheet (B)

Period Assets Change Net Finance Investments 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 1.90 - 1.52 -
Q1 2018 1.82 - 1.45 -
Q2 2018 1.77 - 1.43 -
Q3 2018 1.71 - 1.42 -
Q4 2018 1.75 (8.0 %) 1.46 (4.1 %)
Q1 2019 1.78 (2.3 %) 1.50 3.1 %
Q2 2019 1.92 8.7 % 1.59 11.2 %
Q3 2019 1.93 12.4 % 1.65 16.1 %
Q4 2019 1.99 13.4 % 1.73 18.7 %
Q1 2020 2.15 21.0 % 1.70 13.6 %
Q2 2020 2.13 11.1 % 1.61 1.2 %
Q3 2020 1.97 2.0 % 1.54 (6.4 %)
Q4 2020 1.87 (6.0 %) 1.52 (12.0 %)
Q1 2021 1.84 (14.8 %) 1.55 (8.8 %)
Q2 2021 1.89 (11.5 %) 1.56 (3.3 %)
Q3 2021 1.89 (3.7 %) 1.56 0.9 %
Q4 2021 1.87 (0.1 %) 1.57 3.5 %
Q1 2022 1.90 3.3 % 1.62 4.4 %
Q2 2022 1.91 1.1 % 1.65 5.8 %
Q3 2022 1.96 3.6 % 1.68 7.9 %
Q4 2022 1.94 3.8 % 1.75 11.1 %
Q1 2023 2.06 8.7 % 1.88 16.3 %
Q2 2023 2.09 9.2 % 1.89 15.1 %
Q3 2023 2.08 6.0 % 1.90 13.4 %
Q4 2023 2.08 7.1 % 1.87 7.1 %
Q1 2024 2.05 (0.3 %) 1.87 (0.7 %)


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 120.00 - - 5.99
Q2 2017 120.00 - - 6.24
Q3 2017 120.00 - - 6.52
Q4 2017 120.00 1.41 1.41 7.13
Q1 2018 120.00 1.34 1.34 7.46
Q2 2018 120.00 1.32 1.32 7.39
Q3 2018 120.00 1.30 1.30 7.69
Q4 2018 120.00 1.47 1.47 7.90
Q1 2019 120.00 1.49 1.49 8.24
Q2 2019 120.00 1.77 1.77 8.81
Q3 2019 120.00 1.86 1.86 8.84
Q4 2019 120.00 1.82 1.82 8.47
Q1 2020 120.00 1.93 1.93 8.92
Q2 2020 120.00 1.68 1.68 8.83
Q3 2020 120.00 1.70 1.70 9.24
Q4 2020 120.00 1.68 1.68 9.33
Q1 2021 120.00 1.71 1.71 9.81
Q2 2021 120.00 1.89 1.89 9.65
Q3 2021 120.00 1.95 1.95 10.13
Q4 2021 120.00 1.88 1.88 9.94
Q1 2022 120.00 1.81 1.81 10.35
Q2 2022 120.00 1.69 1.69 10.09
Q3 2022 120.00 1.56 1.56 10.44
Q4 2022 120.00 1.43 1.43 10.74
Q1 2023 120.00 1.29 1.29 11.01
Q2 2023 120.00 1.10 1.10 11.19
Q3 2023 120.00 0.91 0.91 11.35
Q4 2023 120.00 0.74 0.74 11.47
Q1 2024 120.00 0.61 0.61 11.62

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 - - -
Q1 2021 - - -
Q2 2021 - - -
Q3 2021 - - -
Q4 2021 13.97 13.97 2.64
Q1 2022 14.03 14.03 2.45
Q2 2022 12.50 12.50 2.09
Q3 2022 12.78 12.78 1.90
Q4 2022 11.07 11.07 1.47
Q1 2023 11.93 11.93 1.39
Q2 2023 15.38 15.38 1.51
Q3 2023 15.50 15.50 1.24
Q4 2023 20.05 20.05 1.29
Q1 2024 23.33 23.33 1.23


Financial Ratios
Current
Market Cap (M) 1,459.20
Shares Outstanding ((M)) 120.00
EPS ( Riyal) (TTM) 0.61
Book Value (BV) ( Riyal) 11.62
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 19.87
P/E (TTM) 19.87
Price/book 1.05
Return on Average Assets (%) (TTM) 3.6
Return on Average Equity (%) (TTM) 5.4
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Share Price

Nayifat Finance Co.
12.16
0.00 0.00 %

Nayifat Finance Co. (NAYIFAT)

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