Qassim Cement’s 2022 profit slumps 55% to SAR 130.5 mln; Q4 up 74% to SAR 53 mln

20/02/2023 Argaam Exclusive

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Qassim Cement Co.’s 2022 net profit after Zakat and tax plunged 55% to SAR 130.5 million, compared to SAR 291.9 million in 2021. The company was impacted by a drop in sales volume and value, along with a nonrecurring increase in some cost categories.

Financials (M)

Item	2021	2022	Change‬
Revenues	722.80	678.46	(6.1 %)
Gross Income	285.95	188.49	(34.1 %)
Operating Income	263.83	143.55	(45.6 %)
Net Income	291.87	130.51	(55.3 %)
Average Shares	90.00	90.00	-
EPS (Riyals)	3.24	1.45	(55.3 %)

The annual results were also hit by other factors, such as the recognition of unrealized loss from investment in FVTPL in 2022, driven by the impact on the local and global financial markets amid global events and higher interest rates.

The cement producer also reported an increase in general and administrative expenses (G&A) during the year on a rise in consultancy fees.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2021	Q4 2022	Change‬
Revenues	131.33	217.05	65.3 %
Gross Income	3.81	77.35	1930.7 %
Operating Income	8.45	59.32	601.9 %
Net Income	30.44	53.04	74.3 %
Average Shares	90.00	90.00	-
EPS (Riyals)	0.34	0.59	74.3 %

Item	Q3 2022	Q4 2022	Change‬
Revenues	166.78	217.05	30.1 %
Gross Income	38.09	77.35	103.1 %
Operating Income	28.37	59.32	109.1 %
Net Income	23.43	53.04	126.4 %
Average Shares	90.00	90.00	-
EPS (Riyals)	0.26	0.59	126.4 %

In Q4 2022, net profit after Zakat and tax rose 74% to SAR 53 million, from SAR 30.44 million in the prior-year period.

Compared to the previous quarter, net profit more than doubled from SAR 23.43 million.

Total shareholders’ equity, after minority interest, declined to SAR 1.66 billion as of Dec. 31, 2022, from SAR 1.73 billion a year earlier.

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Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2013	290.78	1.0 %	182.58	7.0 %	174.21	7.4 %
Q2 2013	300.74	5.1 %	181.24	12.2 %	173.41	13.1 %
Q3 2013	218.10	2.4 %	133.28	10.0 %	120.12	6.1 %
Q4 2013	240.98	(7.7 %)	146.91	(8.5 %)	138.52	(8.2 %)
2013	1,050.61	0.3 %	644.03	4.9 %	606.27	4.6 %
Q1 2014	272.87	(6.2 %)	169.75	(7.0 %)	161.74	(7.2 %)
Q2 2014	270.13	(10.2 %)	171.25	(5.5 %)	163.59	(5.7 %)
Q3 2014	189.86	(12.9 %)	116.64	(12.5 %)	109.09	(9.2 %)
Q4 2014	252.84	4.9 %	157.71	7.3 %	141.11	1.9 %
2014	985.69	(6.2 %)	615.35	(4.5 %)	575.53	(5.1 %)
Q1 2015	282.48	3.5 %	176.49	4.0 %	167.00	3.3 %
Q2 2015	264.15	(2.2 %)	167.76	(2.0 %)	161.84	(1.1 %)
Q3 2015	210.47	10.9 %	126.42	8.4 %	120.20	10.2 %
Q4 2015	266.80	5.5 %	159.02	0.8 %	152.35	8.0 %
2015	1,023.90	3.9 %	629.68	2.3 %	601.39	4.5 %
Q1 2016	275.49	(2.5 %)	146.83	(16.8 %)	139.24	(16.6 %)
Q2 2016	220.02	(16.7 %)	120.90	(27.9 %)	113.76	(29.7 %)
Q3 2016	171.21	(18.7 %)	84.83	(32.9 %)	77.87	(35.2 %)
Q4 2016	185.33	(30.5 %)	96.44	(39.3 %)	86.21	(43.4 %)
2016	852.04	(16.8 %)	449.00	(28.7 %)	417.08	(30.6 %)
Q1 2017	191.12	(30.6 %)	88.18	(39.9 %)	80.93	(41.9 %)
Q2 2017	135.10	(38.6 %)	56.43	(53.3 %)	49.01	(56.9 %)
Q3 2017	130.75	(23.6 %)	53.34	(37.1 %)	47.03	(39.6 %)
Q4 2017	168.98	(8.8 %)	75.73	(21.5 %)	67.67	(21.5 %)
2017	625.95	(26.5 %)	273.68	(39.0 %)	244.63	(41.3 %)
Q1 2018	147.91	(22.6 %)	62.64	(29.0 %)	54.59	(32.5 %)
Q2 2018	88.05	(34.8 %)	22.01	(61.0 %)	15.62	(68.1 %)
Q3 2018	74.36	(43.1 %)	9.55	(82.1 %)	3.29	(93.0 %)
Q4 2018	115.40	(31.7 %)	46.16	(39.0 %)	38.38	(43.3 %)
2018	425.73	(32.0 %)	140.35	(48.7 %)	111.88	(54.3 %)
Q1 2019	153.40	3.7 %	64.82	3.5 %	57.14	4.7 %
Q2 2019	154.53	75.5 %	75.62	243.6 %	68.45	338.2 %
Q3 2019	190.18	155.7 %	96.33	909.1 %	88.15	2581.9 %
Q4 2019	293.69	154.5 %	189.68	310.9 %	166.25	333.1 %
2019	791.79	86.0 %	426.44	203.8 %	379.99	239.6 %
Q1 2020	261.75	70.6 %	152.84	135.8 %	129.22	126.2 %
Q2 2020	167.44	8.4 %	90.89	20.2 %	82.36	20.3 %
Q3 2020	231.58	21.8 %	120.65	25.3 %	111.55	26.5 %
Q4 2020	237.67	(19.1 %)	108.85	(42.6 %)	99.16	(40.4 %)
2020	898.42	13.5 %	473.23	11.0 %	422.28	11.1 %
Q1 2021	223.35	(14.7 %)	112.40	(26.5 %)	103.99	(19.5 %)
Q2 2021	197.81	18.1 %	100.09	10.1 %	91.69	11.3 %
Q3 2021	170.31	(26.5 %)	69.66	(42.3 %)	59.70	(46.5 %)
Q4 2021	131.33	(44.7 %)	3.81	(96.5 %)	8.45	(91.5 %)
2021	722.80	(19.5 %)	285.95	(39.6 %)	263.83	(37.5 %)
Q1 2022	142.49	(36.2 %)	27.37	(75.6 %)	18.86	(81.9 %)
Q2 2022	152.13	(23.1 %)	45.67	(54.4 %)	37.01	(59.6 %)
Q3 2022	166.78	(2.1 %)	38.09	(45.3 %)	28.37	(52.5 %)
Q4 2022	217.05	65.3 %	77.35	1930.7 %	59.32	601.9 %
2022	678.46	(6.1 %)	188.49	(34.1 %)	143.55	(45.6 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2013	1,050.61	0.3 %	644.03	4.9 %	606.27	4.6 %
2014	985.69	(6.2 %)	615.35	(4.5 %)	575.53	(5.1 %)
2015	1,023.90	3.9 %	629.68	2.3 %	601.39	4.5 %
2016	852.04	(16.8 %)	449.00	(28.7 %)	417.08	(30.6 %)
2017	625.95	(26.5 %)	273.68	(39.0 %)	244.63	(41.3 %)
2018	425.73	(32.0 %)	140.35	(48.7 %)	111.88	(54.3 %)
2019	791.79	86.0 %	426.44	203.8 %	379.99	239.6 %
2020	898.42	13.5 %	473.23	11.0 %	422.28	11.1 %
2021	722.80	(19.5 %)	285.95	(39.6 %)	263.83	(37.5 %)
2022	678.46	(6.1 %)	188.49	(34.1 %)	143.55	(45.6 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2013	168.46	6.3 %	1.87	-	168.46	1.87
Q2 2013	165.93	11.4 %	1.84	-	165.93	1.84
Q3 2013	114.70	3.8 %	1.27	0.46	114.24	1.27
Q4 2013	135.31	(5.4 %)	1.50	0.67	134.64	1.50
2013	585.01	4.3 %	6.50	1.13	583.88	6.49
Q1 2014	159.05	(5.6 %)	1.77	2.51	156.54	1.74
Q2 2014	161.11	(2.9 %)	1.79	3.32	157.79	1.75
Q3 2014	109.03	(4.9 %)	1.21	2.41	106.62	1.18
Q4 2014	134.23	(0.8 %)	1.49	1.56	132.67	1.47
2014	563.61	(3.7 %)	6.26	9.80	553.81	6.15
Q1 2015	162.71	2.3 %	1.81	-	162.71	1.81
Q2 2015	168.08	4.3 %	1.87	7.60	160.49	1.78
Q3 2015	115.12	5.6 %	1.28	-	115.12	1.28
Q4 2015	140.53	4.7 %	1.56	-	140.53	1.56
2015	586.44	4.0 %	6.52	7.60	578.84	6.43
Q1 2016	133.80	(17.8 %)	1.49	-	133.80	1.49
Q2 2016	113.90	(32.2 %)	1.27	-	113.90	1.27
Q3 2016	69.45	(39.7 %)	0.77	-	69.45	0.77
Q4 2016	87.92	(37.4 %)	0.98	-	87.92	0.98
2016	405.08	(30.9 %)	4.50	-	405.08	4.50
Q1 2017	80.16	(40.1 %)	0.89	-	80.16	0.89
Q2 2017	53.20	(53.3 %)	0.59	-	53.20	0.59
Q3 2017	51.24	(26.2 %)	0.57	-	51.24	0.57
Q4 2017	67.19	(23.6 %)	0.75	-	67.19	0.75
2017	251.79	(37.8 %)	2.80	-	251.79	2.80
Q1 2018	57.18	(28.7 %)	0.64	-	57.18	0.64
Q2 2018	18.38	(65.5 %)	0.20	-	18.38	0.20
Q3 2018	5.68	(88.9 %)	0.06	-	5.68	0.06
Q4 2018	39.56	(41.1 %)	0.44	-	39.56	0.44
2018	120.80	(52.0 %)	1.34	-	120.80	1.34
Q1 2019	56.27	(1.6 %)	0.63	-	56.27	0.63
Q2 2019	68.17	270.9 %	0.76	-	68.17	0.76
Q3 2019	90.17	1486.5 %	1.00	-	90.17	1.00
Q4 2019	144.09	264.2 %	1.60	(26.01)	170.10	1.89
2019	360.74	198.6 %	4.01	(26.01)	386.75	4.30
Q1 2020	111.17	97.6 %	1.24	-	111.17	1.24
Q2 2020	85.47	25.4 %	0.95	3.20	82.27	0.91
Q3 2020	110.11	22.1 %	1.22	-	110.11	1.22
Q4 2020	113.09	(21.5 %)	1.26	4.14	108.94	1.21
2020	419.84	16.4 %	4.66	7.34	412.49	4.58
Q1 2021	100.87	(9.3 %)	1.12	-	100.87	1.12
Q2 2021	100.18	17.2 %	1.11	-	100.18	1.11
Q3 2021	60.39	(45.2 %)	0.67	-	60.39	0.67
Q4 2021	30.44	(73.1 %)	0.34	-	30.44	0.34
2021	291.87	(30.5 %)	3.24	-	291.87	3.24
Q1 2022	25.08	(75.1 %)	0.28	-	25.08	0.28
Q2 2022	28.96	(71.1 %)	0.32	-	28.96	0.32
Q3 2022	23.43	(61.2 %)	0.26	-	23.43	0.26
Q4 2022	53.04	74.3 %	0.59	-	53.04	0.59
2022	130.51	(55.3 %)	1.45	-	130.51	1.45

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2013	585.01	4.3 %	6.50	1.13	583.88	6.49
2014	563.61	(3.7 %)	6.26	9.80	553.81	6.15
2015	586.44	4.0 %	6.52	7.60	578.84	6.43
2016	405.08	(30.9 %)	4.50	-	405.08	4.50
2017	251.79	(37.8 %)	2.80	-	251.79	2.80
2018	120.80	(52.0 %)	1.34	-	120.80	1.34
2019	360.74	198.6 %	4.01	(26.01)	386.75	4.30
2020	419.84	16.4 %	4.66	7.34	412.49	4.58
2021	291.87	(30.5 %)	3.24	-	291.87	3.24
2022	130.51	(55.3 %)	1.45	-	130.51	1.45

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2013	59.56 %	64.48 %	54.33 %
Q2 2013	60.59 %	65.49 %	55.18 %
Q3 2013	61.43 %	65.84 %	55.26 %
Q4 2013	61.30 %	65.93 %	55.52 %
2013	61.30 %	65.93 %	55.58 %
Q1 2014	61.12 %	65.81 %	55.33 %
Q2 2014	61.99 %	66.79 %	56.20 %
Q3 2014	62.08 %	67.53 %	57.05 %
Q4 2014	62.43 %	66.86 %	56.17 %
2014	62.43 %	66.86 %	56.19 %
Q1 2015	62.50 %	66.72 %	56.24 %
Q2 2015	62.53 %	66.60 %	56.86 %
Q3 2015	62.22 %	66.16 %	56.54 %
Q4 2015	61.50 %	66.18 %	56.53 %
2015	61.50 %	66.18 %	56.53 %
Q1 2016	59.00 %	63.77 %	54.08 %
Q2 2016	56.86 %	61.87 %	51.74 %
Q3 2016	54.80 %	59.80 %	49.03 %
Q4 2016	52.70 %	57.51 %	47.54 %
2016	52.70 %	57.51 %	47.54 %
Q1 2017	50.85 %	55.97 %	45.78 %
Q2 2017	47.73 %	53.17 %	42.58 %
Q3 2017	45.83 %	51.68 %	42.43 %
Q4 2017	43.72 %	50.13 %	40.23 %
2017	43.72 %	50.13 %	40.23 %
Q1 2018	42.58 %	49.42 %	39.26 %
Q2 2018	39.90 %	47.65 %	36.21 %
Q3 2018	35.45 %	44.20 %	30.97 %
Q4 2018	32.97 %	42.98 %	28.37 %
2018	32.97 %	42.98 %	28.37 %
Q1 2019	33.05 %	43.11 %	27.80 %
Q2 2019	39.41 %	48.00 %	34.09 %
Q3 2019	46.12 %	52.80 %	41.43 %
Q4 2019	53.86 %	57.13 %	48.59 %
2019	53.86 %	57.13 %	48.84 %
Q1 2020	57.15 %	59.07 %	48.84 %
Q2 2020	58.02 %	59.09 %	49.69 %
Q3 2020	58.05 %	59.03 %	49.63 %
Q4 2020	52.67 %	55.27 %	45.91 %
2020	52.67 %	55.27 %	45.91 %
Q1 2021	50.32 %	54.05 %	46.77 %
Q2 2021	49.64 %	54.03 %	47.18 %
Q3 2021	47.16 %	51.73 %	44.67 %
Q4 2021	39.56 %	46.70 %	40.38 %
2021	39.56 %	46.70 %	40.38 %
Q1 2022	31.30 %	39.22 %	33.66 %
Q2 2022	24.57 %	32.94 %	24.30 %
Q3 2022	19.39 %	27.83 %	18.21 %
Q4 2022	27.78 %	31.83 %	19.24 %
2022	27.78 %	31.83 %	19.24 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2013	61.30 %	65.93 %	55.58 %
2014	62.43 %	66.86 %	56.19 %
2015	61.50 %	66.18 %	56.53 %
2016	52.70 %	57.51 %	47.54 %
2017	43.72 %	50.13 %	40.23 %
2018	32.97 %	42.98 %	28.37 %
2019	53.86 %	57.13 %	48.84 %
2020	52.67 %	55.27 %	45.91 %
2021	39.56 %	46.70 %	40.38 %
2022	27.78 %	31.83 %	19.24 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2013	62.79 %	67.24 %	57.93 %
Q2 2013	60.26 %	64.80 %	55.17 %
Q3 2013	61.11 %	64.97 %	52.38 %
Q4 2013	60.96 %	66.62 %	55.87 %
Q1 2014	62.21 %	66.89 %	57.37 %
Q2 2014	63.40 %	68.31 %	58.41 %
Q3 2014	61.43 %	68.49 %	56.16 %
Q4 2014	62.38 %	64.06 %	52.47 %
Q1 2015	62.48 %	66.38 %	57.60 %
Q2 2015	63.51 %	67.90 %	60.76 %
Q3 2015	60.06 %	66.18 %	54.69 %
Q4 2015	59.60 %	64.27 %	52.67 %
Q1 2016	53.30 %	57.47 %	48.57 %
Q2 2016	54.95 %	60.36 %	51.77 %
Q3 2016	49.55 %	55.86 %	40.56 %
Q4 2016	52.04 %	55.71 %	47.44 %
Q1 2017	46.14 %	51.27 %	41.94 %
Q2 2017	41.77 %	48.95 %	39.38 %
Q3 2017	40.80 %	49.39 %	39.19 %
Q4 2017	44.82 %	50.37 %	39.76 %
Q1 2018	42.35 %	48.80 %	38.66 %
Q2 2018	25.00 %	37.93 %	20.87 %
Q3 2018	12.84 %	28.43 %	7.64 %
Q4 2018	40.00 %	48.75 %	34.28 %
Q1 2019	42.26 %	48.96 %	36.68 %
Q2 2019	48.93 %	55.91 %	44.11 %
Q3 2019	50.65 %	55.82 %	47.41 %
Q4 2019	64.58 %	62.89 %	57.92 %
Q1 2020	58.39 %	59.02 %	42.47 %
Q2 2020	54.28 %	56.25 %	49.14 %
Q3 2020	52.10 %	56.17 %	47.55 %
Q4 2020	45.80 %	49.58 %	45.84 %
Q1 2021	50.32 %	54.94 %	45.16 %
Q2 2021	50.60 %	55.83 %	50.64 %
Q3 2021	40.90 %	45.76 %	35.46 %
Q4 2021	2.90 %	20.15 %	23.18 %
Q1 2022	19.21 %	25.92 %	17.60 %
Q2 2022	30.02 %	36.21 %	19.03 %
Q3 2022	22.84 %	27.85 %	14.05 %
Q4 2022	35.64 %	35.68 %	24.44 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2013	90.00	6.34	6.34	20.31
Q2 2013	90.00	6.53	6.53	22.15
Q3 2013	90.00	6.58	6.57	20.68
Q4 2013	90.00	6.49	6.48	22.19
Q1 2014	90.00	6.39	6.35	20.44
Q2 2014	90.00	6.34	6.26	22.22
Q3 2014	90.00	6.27	6.17	20.43
Q4 2014	90.00	6.26	6.15	21.93
Q1 2015	90.00	6.30	6.22	20.72
Q2 2015	90.00	6.38	6.25	21.09
Q3 2015	90.00	6.45	6.34	20.87
Q4 2015	90.00	6.52	6.43	20.93
Q1 2016	90.00	6.19	6.11	20.42
Q2 2016	90.00	5.59	5.59	18.92
Q3 2016	90.00	5.09	5.09	19.69
Q4 2016	90.00	4.50	4.50	19.68
Q1 2017	90.00	3.90	3.90	19.57
Q2 2017	90.00	3.23	3.23	19.32
Q3 2017	90.00	3.03	3.03	19.23
Q4 2017	90.00	2.80	2.80	19.38
Q1 2018	90.00	2.54	2.54	19.22
Q2 2018	90.00	2.16	2.16	18.77
Q3 2018	90.00	1.65	1.65	18.48
Q4 2018	90.00	1.34	1.34	18.19
Q1 2019	90.00	1.33	1.33	18.82
Q2 2019	90.00	1.89	1.89	19.00
Q3 2019	90.00	2.82	2.82	19.25
Q4 2019	90.00	3.99	4.27	19.82
Q1 2020	90.00	4.60	4.88	19.96
Q2 2020	90.00	4.79	5.04	19.91
Q3 2020	90.00	5.01	5.26	20.13
Q4 2020	90.00	4.66	4.58	20.10
Q1 2021	90.00	4.55	4.47	20.02
Q2 2021	90.00	4.71	4.67	20.03
Q3 2021	90.00	4.16	4.12	19.71
Q4 2021	90.00	3.24	3.24	19.25
Q1 2022	90.00	2.40	2.40	18.96
Q2 2022	90.00	1.61	1.61	18.78
Q3 2022	90.00	1.20	1.20	18.54
Q4 2022	90.00	1.45	1.45	18.50

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2013	90.00	6.50	6.49	22.19
2014	90.00	6.26	6.15	21.93
2015	90.00	6.52	6.43	20.93
2016	90.00	4.50	4.50	19.68
2017	90.00	2.80	2.80	19.38
2018	90.00	1.34	1.34	18.19
2019	90.00	4.01	4.30	19.82
2020	90.00	4.66	4.58	20.10
2021	90.00	3.24	3.24	19.25
2022	90.00	1.45	1.45	18.50

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2013	15.15	15.15	4.73
Q2 2013	15.47	15.47	4.56
Q3 2013	15.64	15.65	4.97
Q4 2013	16.93	16.96	4.95
Q1 2014	17.40	17.51	5.44
Q2 2014	19.26	19.49	5.49
Q3 2014	20.07	20.40	6.16
Q4 2014	17.49	17.80	4.99
Q1 2015	17.94	18.18	5.46
Q2 2015	18.33	18.71	5.54
Q3 2015	15.53	15.78	4.80
Q4 2015	13.21	13.38	4.11
Q1 2016	12.19	12.36	3.70
Q2 2016	14.31	14.31	4.23
Q3 2016	13.04	13.04	3.37
Q4 2016	18.35	18.35	4.20
Q1 2017	15.94	15.94	3.18
Q2 2017	18.99	18.99	3.18
Q3 2017	17.93	17.93	2.82
Q4 2017	19.76	19.76	2.85
Q1 2018	20.91	20.91	2.77
Q2 2018	22.17	22.17	2.55
Q3 2018	24.69	24.69	2.20
Q4 2018	30.75	30.75	2.27
Q1 2019	36.33	36.33	2.57
Q2 2019	30.36	30.36	3.01
Q3 2019	23.14	23.14	3.39
Q4 2019	20.37	19.00	4.10
Q1 2020	14.14	13.30	3.26
Q2 2020	15.39	14.62	3.70
Q3 2020	18.12	17.25	4.51
Q4 2020	21.33	21.71	4.95
Q1 2021	22.97	23.39	5.22
Q2 2021	22.41	22.63	5.27
Q3 2021	24.50	24.78	5.17
Q4 2021	28.67	28.67	4.83
Q1 2022	43.08	43.08	5.45
Q2 2022	60.44	60.44	5.18
Q3 2022	79.30	79.30	5.13
Q4 2022	51.76	51.76	4.06

Period	P/E	Adjusted P/E	Price/book
2013	16.91	16.95	4.95
2014	17.49	17.80	4.99
2015	13.21	13.38	4.11
2016	18.35	18.35	4.20
2017	19.76	19.76	2.85
2018	30.75	30.75	2.27
2019	20.26	18.90	4.10
2020	21.33	21.71	4.95
2021	28.67	28.67	4.83
2022	51.76	51.76	4.06

Business Segments (Million)

Compared With The

Period	Cement	Ready mixed concrete
Q3 2012	202.97	9.92
Q4 2012	248.60	12.46
Q1 2013	275.43	15.35
Q2 2013	284.96	15.78
Q3 2013	207.91	10.19
Q4 2013	228.09	12.89
Q1 2014	256.58	16.29
Q2 2014	256.32	13.81
Q3 2014	180.85	9.01
Q4 2014	239.95	12.88
Q1 2015	268.19	14.29
Q3 2019	190.17	-
Q4 2019	293.69	-
Q1 2020	261.75	-
Q2 2020	167.44	-
Q3 2020	231.58	-
Q4 2020	237.67	-
Q1 2021	223.35	-
Q2 2021	197.81	-
Q3 2021	170.31	-
Q4 2021	131.33	-
Q1 2022	142.49	-
Q2 2022	152.13	-
Q3 2022	166.78	-
Q4 2022	217.05	-

Period	Cement	Ready mixed concrete
2012	1,002.03	45.88
2013	996.40	54.21
2014	933.71	51.98
2019	791.79	-
2020	898.42	-
2021	722.80	-
2022	678.46	-

Analysts Estimates (Million)

Item	Q4 2022 (e)	Q4 2022 (a)	Change‬
Average	44.79	53.04	18.41 %

Estimates vs Actual (Million)

Item	Q4 2022 (e)	Q4 2022 (a)	Change
AlJazira Capital	54.80	53.04	(3.2) %
OSOOL AND BAKHEET	56.75	53.04	(6.5) %
Al Rajhi Capital	60.00	53.04	(11.6) %
Riyad Capital	41.00	53.04	29.4 %
Sico	36.00	53.04	47.3 %
Hermes	34.00	53.04	56.0 %
SNB Capital	31.00	53.04	71.1 %

Financial Ratios

	Current
Market Cap (M Riyal)	5,937.02
Enterprise Value (EV) (M)	5,368.34
Shares Outstanding ((M))	110.56
EPS ( Riyal) (TTM)	2.47
Book Value (BV) ( Riyal)	24.89
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	24.37
P/E (TTM)	22.80
Price/book	2.16
Return on Average Assets (%) (TTM)	10.6
Return on Average Equity (%) (TTM)	12.0

Qassim Cement Co. (QACCO)

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Qassim Cement’s 2022 profit slumps 55% to SAR 130.5 mln; Q4 up 74% to SAR 53 mln

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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) 2022 Q4

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

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Qassim Cement Co. (QACCO)

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Qassim Cement’s 2022 profit slumps 55% to SAR 130.5 mln; Q4 up 74% to SAR 53 mln

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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) Q4 2022

Revenue by Business Segment (Latest) 2022 Q4

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Qassim Cement Co. (QACCO)

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Business Segments (Million)