Aldrees profit up 23% to SAR 208.3 mln in 9M 2023; Q3 at SAR 67.6 mln

18/10/2023 Argaam Exclusive

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Aldrees Petroleum and Transport Services Co. (Aldrees) reported a net profit of SAR 208.3 million in the first nine months of 2023, up 23% from SAR 170 million a year earlier.

Financials (M)

Item	9m 2022	9m 2023	Change‬
Revenues	9,023.92	10,882.41	20.6 %
Gross Income	423.06	508.04	20.1 %
Operating Income	256.08	314.37	22.8 %
Net Income	170.05	208.33	22.5 %
Average Shares	100.00	100.00	-
EPS (Riyals)	1.70	2.08	22.5 %

The profit growth was driven by higher sales of petrol and transport segments, a rise in deposit income, higher income of the joint project investment, and an increase in income of sukuk investment.

This is in addition to a decrease in selling and marketing expenses despite an increase in general and administrative expenses, financial charges, and Zakat expenses. Other income and the company's share in the profit of the joint venture also declined.

Meanwhile, there is no impact on the current quarter from the investment portfolio that was present in the same quarter of the previous year as it was liquidated.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2022	Q3 2023	Change‬
Revenues	3,256.19	3,883.19	19.3 %
Gross Income	150.43	175.83	16.9 %
Operating Income	88.88	106.57	19.9 %
Net Income	61.71	67.55	9.5 %
Average Shares	100.00	100.00	-
EPS (Riyals)	0.62	0.68	9.5 %

Item	Q2 2023	Q3 2023	Change‬
Revenues	3,580.60	3,883.19	8.5 %
Gross Income	168.90	175.83	4.1 %
Operating Income	104.36	106.57	2.1 %
Net Income	70.24	67.55	(3.8 %)
Average Shares	100.00	100.00	-
EPS (Riyals)	0.70	0.68	(3.8 %)

The third-quarter net profit grew 10% to SAR 67.6 million, from SAR 61.7 million in Q3 2022.

The Q3 2023 earnings dropped 3.8% from SAR 70.24 million in the previous quarter.

Total shareholders’ equity, no minority interest, reached SAR 1.16 billion as of Sept. 30, 2023, compared to SAR 1.05 billion a year earlier.

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Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2014	518.59	5.8 %	55.62	24.0 %	32.60	26.5 %
Q2 2014	550.68	9.4 %	62.52	30.8 %	39.27	38.2 %
Q3 2014	531.96	9.4 %	54.83	18.8 %	31.95	24.1 %
Q4 2014	543.09	7.9 %	54.14	10.9 %	34.51	17.6 %
2014	2,144.32	8.2 %	227.11	21.0 %	138.33	26.6 %
Q1 2015	563.95	8.7 %	65.65	18.0 %	39.40	20.8 %
Q2 2015	580.01	5.3 %	64.86	3.8 %	39.99	1.8 %
Q3 2015	566.53	6.5 %	56.33	2.7 %	31.69	(0.8 %)
Q4 2015	592.50	9.1 %	65.00	20.1 %	35.73	3.5 %
2015	2,302.99	7.4 %	251.84	10.9 %	146.81	6.1 %
Q1 2016	843.73	49.6 %	57.62	(12.2 %)	31.24	(20.7 %)
Q2 2016	896.65	54.6 %	58.57	(9.7 %)	31.97	(20.0 %)
Q3 2016	851.65	50.3 %	48.12	(14.6 %)	23.36	(26.3 %)
Q4 2016	869.33	46.7 %	43.08	(33.7 %)	17.89	(49.9 %)
2016	3,461.35	50.3 %	207.39	(17.7 %)	104.47	(28.8 %)
Q1 2017	840.39	(0.4 %)	42.50	(26.2 %)	17.46	(44.1 %)
Q2 2017	856.87	(4.4 %)	48.25	(17.6 %)	21.92	(31.4 %)
Q3 2017	826.87	(2.9 %)	46.50	(3.4 %)	23.06	(1.3 %)
Q4 2017	885.47	1.9 %	45.58	5.8 %	18.83	5.2 %
2017	3,409.60	(1.5 %)	182.84	(11.8 %)	81.27	(22.2 %)
Q1 2018	1,285.18	52.9 %	69.15	62.7 %	40.43	131.6 %
Q2 2018	1,290.31	50.6 %	62.88	30.3 %	36.17	65.0 %
Q3 2018	1,288.49	55.8 %	60.65	30.4 %	36.55	58.5 %
Q4 2018	1,312.61	48.2 %	60.30	32.3 %	33.92	80.1 %
2018	5,176.59	51.8 %	252.97	38.4 %	147.07	81.0 %
Q1 2019	1,299.80	1.1 %	67.64	(2.2 %)	36.65	(9.4 %)
Q2 2019	1,326.46	2.8 %	63.87	1.6 %	32.96	(8.9 %)
Q3 2019	1,472.74	14.3 %	66.04	8.9 %	34.59	(5.4 %)
Q4 2019	1,582.14	20.5 %	264.05	337.9 %	209.64	518.1 %
2019	5,681.13	9.7 %	461.60	82.5 %	313.84	113.4 %
Q1 2020	1,457.81	12.2 %	84.72	25.3 %	51.65	40.9 %
Q2 2020	719.28	(45.8 %)	46.03	(27.9 %)	7.38	(77.6 %)
Q3 2020	1,300.26	(11.7 %)	88.49	34.0 %	62.26	80.0 %
Q4 2020	1,496.73	(5.4 %)	106.49	(59.7 %)	67.03	(68.0 %)
2020	4,974.08	(12.4 %)	325.74	(29.4 %)	188.31	(40.0 %)
Q1 2021	1,759.66	20.7 %	101.01	19.2 %	63.40	22.8 %
Q2 2021	2,173.19	202.1 %	103.85	125.6 %	63.27	757.8 %
Q3 2021	2,556.38	96.6 %	117.88	33.2 %	73.08	17.4 %
Q4 2021	2,620.38	75.1 %	128.70	20.8 %	83.61	24.7 %
2021	9,109.62	83.1 %	451.44	38.6 %	283.36	50.5 %
Q1 2022	2,780.13	58.0 %	136.18	34.8 %	83.99	32.5 %
Q2 2022	2,987.61	37.5 %	136.45	31.4 %	83.21	31.5 %
Q3 2022	3,256.19	27.4 %	150.43	27.6 %	88.88	21.6 %
Q4 2022	3,332.16	27.2 %	171.50	33.3 %	106.94	27.9 %
2022	12,356.08	35.6 %	594.56	31.7 %	363.02	28.1 %
Q1 2023	3,418.62	23.0 %	163.30	19.9 %	103.45	23.2 %
Q2 2023	3,580.60	19.8 %	168.90	23.8 %	104.36	25.4 %
Q3 2023	3,883.19	19.3 %	175.83	16.9 %	106.57	19.9 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2013	1,982.68	5.8 %	187.65	9.4 %	109.28	4.1 %
2014	2,144.32	8.2 %	227.11	21.0 %	138.33	26.6 %
2015	2,302.99	7.4 %	251.84	10.9 %	146.81	6.1 %
2016	3,461.35	50.3 %	207.39	(17.7 %)	104.47	(28.8 %)
2017	3,409.60	(1.5 %)	182.84	(11.8 %)	81.27	(22.2 %)
2018	5,176.59	51.8 %	252.97	38.4 %	147.07	81.0 %
2019	5,681.13	9.7 %	461.60	82.5 %	313.84	113.4 %
2020	4,974.08	(12.4 %)	325.74	(29.4 %)	188.31	(40.0 %)
2021	9,109.62	83.1 %	451.44	38.6 %	283.36	50.5 %
2022	12,356.08	35.6 %	594.56	31.7 %	363.02	28.1 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2014	30.51	29.5 %	0.31	-	30.51	0.31
Q2 2014	35.36	29.1 %	0.35	-	35.36	0.35
Q3 2014	26.56	9.1 %	0.27	-	26.56	0.27
Q4 2014	31.29	18.5 %	0.31	-	31.29	0.31
2014	123.73	21.7 %	1.24	-	123.73	1.24
Q1 2015	41.99	37.6 %	0.42	6.30	35.69	0.36
Q2 2015	36.77	4.0 %	0.37	-	36.77	0.37
Q3 2015	32.31	21.7 %	0.32	3.86	28.46	0.28
Q4 2015	32.96	5.3 %	0.33	0.78	32.18	0.32
2015	144.04	16.4 %	1.44	10.94	133.10	1.33
Q1 2016	27.78	(33.8 %)	0.28	-	27.78	0.28
Q2 2016	28.51	(22.5 %)	0.29	-	28.51	0.29
Q3 2016	18.05	(44.1 %)	0.18	-	18.05	0.18
Q4 2016	16.68	(49.4 %)	0.17	-	16.68	0.17
2016	91.02	(36.8 %)	0.91	-	91.02	0.91
Q1 2017	14.58	(47.5 %)	0.15	-	14.58	0.15
Q2 2017	18.26	(35.9 %)	0.18	-	18.26	0.18
Q3 2017	18.22	0.9 %	0.18	-	18.22	0.18
Q4 2017	13.59	(18.6 %)	0.14	-	13.59	0.14
2017	64.65	(29.0 %)	0.65	-	64.65	0.65
Q1 2018	22.09	51.5 %	0.22	-	22.09	0.22
Q2 2018	15.12	(17.2 %)	0.15	-	15.12	0.15
Q3 2018	16.01	(12.1 %)	0.16	-	16.01	0.16
Q4 2018	13.38	(1.5 %)	0.13	-	13.38	0.13
2018	66.61	3.0 %	0.67	-	66.61	0.67
Q1 2019	29.89	35.3 %	0.30	12.92	16.97	0.17
Q2 2019	17.27	14.2 %	0.17	-	17.27	0.17
Q3 2019	16.55	3.4 %	0.17	-	16.55	0.17
Q4 2019	228.03	1603.9 %	2.28	50.71	177.32	1.77
2019	291.74	338.0 %	2.92	63.64	228.11	2.28
Q1 2020	30.29	1.3 %	0.30	-	30.29	0.30
Q2 2020	14.38	(16.7 %)	0.14	17.41	(3.02)	(0.03)
Q3 2020	36.90	122.9 %	0.37	-	36.90	0.37
Q4 2020	39.52	(82.7 %)	0.40	-	39.52	0.40
2020	121.08	(58.5 %)	1.21	17.41	103.68	1.04
Q1 2021	39.36	30.0 %	0.39	-	39.36	0.39
Q2 2021	35.95	150.0 %	0.36	-	35.95	0.36
Q3 2021	47.41	28.5 %	0.47	-	47.41	0.47
Q4 2021	54.09	36.9 %	0.54	-	54.09	0.54
2021	176.81	46.0 %	1.77	-	176.81	1.77
Q1 2022	62.42	58.6 %	0.62	-	62.42	0.62
Q2 2022	45.92	27.7 %	0.46	-	45.92	0.46
Q3 2022	61.71	30.2 %	0.62	-	61.71	0.62
Q4 2022	71.78	32.7 %	0.72	-	71.78	0.72
2022	241.83	36.8 %	2.42	-	241.83	2.42
Q1 2023	70.54	13.0 %	0.71	-	70.54	0.71
Q2 2023	70.24	53.0 %	0.70	-	70.24	0.70
Q3 2023	67.55	9.5 %	0.68	-	67.55	0.68

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2013	101.69	6.4 %	1.02	-	101.69	1.02
2014	123.73	21.7 %	1.24	-	123.73	1.24
2015	144.04	16.4 %	1.44	10.94	133.10	1.33
2016	91.02	(36.8 %)	0.91	-	91.02	0.91
2017	64.65	(29.0 %)	0.65	-	64.65	0.65
2018	66.61	3.0 %	0.67	-	66.61	0.67
2019	291.74	338.0 %	2.92	63.64	228.11	2.28
2020	121.08	(58.5 %)	1.21	17.41	103.68	1.04
2021	176.81	46.0 %	1.77	-	176.81	1.77
2022	241.83	36.8 %	2.42	-	241.83	2.42

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	9.87 %	8.94 %	5.40 %
Q2 2014	10.35 %	9.29 %	5.66 %
Q3 2014	10.54 %	9.41 %	5.65 %
Q4 2014	10.59 %	9.49 %	5.77 %
2014	10.59 %	9.49 %	5.77 %
Q1 2015	10.83 %	9.61 %	5.89 %
Q2 2015	10.79 %	9.55 %	5.87 %
Q3 2015	10.69 %	9.20 %	5.87 %
Q4 2015	10.94 %	9.35 %	5.78 %
2015	10.94 %	9.35 %	5.78 %
Q1 2016	9.44 %	8.08 %	4.85 %
Q2 2016	8.19 %	6.97 %	4.03 %
Q3 2016	7.20 %	6.30 %	3.34 %
Q4 2016	5.99 %	5.16 %	2.63 %
2016	5.99 %	5.16 %	2.63 %
Q1 2017	5.56 %	4.83 %	2.25 %
Q2 2017	5.32 %	4.67 %	1.98 %
Q3 2017	5.31 %	4.78 %	2.00 %
Q4 2017	5.36 %	4.88 %	1.90 %
2017	5.36 %	4.88 %	1.90 %
Q1 2018	5.43 %	6.37 %	1.87 %
Q2 2018	5.23 %	7.29 %	1.61 %
Q3 2018	5.02 %	7.98 %	1.41 %
Q4 2018	4.89 %	8.71 %	1.29 %
2018	4.89 %	8.71 %	1.29 %
Q1 2019	4.84 %	8.50 %	1.18 %
Q2 2019	4.83 %	8.37 %	1.22 %
Q3 2019	4.76 %	8.04 %	1.19 %
Q4 2019	8.13 %	10.90 %	4.02 %
2019	8.13 %	10.90 %	4.02 %
Q1 2020	8.20 %	10.97 %	4.13 %
Q2 2020	8.81 %	11.27 %	4.23 %
Q3 2020	9.55 %	12.42 %	4.77 %
Q4 2020	6.55 %	9.83 %	2.08 %
2020	6.55 %	9.83 %	2.08 %
Q1 2021	6.48 %	9.82 %	2.14 %
Q2 2021	5.94 %	9.24 %	2.25 %
Q3 2021	5.37 %	8.05 %	2.03 %
Q4 2021	4.96 %	7.29 %	1.94 %
2021	4.96 %	7.29 %	1.94 %
Q1 2022	4.80 %	6.74 %	1.97 %
Q2 2022	4.74 %	6.46 %	1.92 %
Q3 2022	4.74 %	6.32 %	1.92 %
Q4 2022	4.81 %	6.23 %	1.96 %
2022	4.81 %	6.23 %	1.96 %
Q1 2023	4.78 %	6.21 %	1.92 %
Q2 2023	4.81 %	6.26 %	2.02 %
Q3 2023	4.78 %	6.24 %	1.97 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2013	9.46 %	8.67 %	5.13 %
2014	10.59 %	9.49 %	5.77 %
2015	10.94 %	9.35 %	5.78 %
2016	5.99 %	5.16 %	2.63 %
2017	5.36 %	4.88 %	1.90 %
2018	4.89 %	8.71 %	1.29 %
2019	8.13 %	10.90 %	4.02 %
2020	6.55 %	9.83 %	2.08 %
2021	4.96 %	7.29 %	1.94 %
2022	4.81 %	6.23 %	1.96 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	10.73 %	9.45 %	5.88 %
Q2 2014	11.35 %	10.09 %	6.42 %
Q3 2014	10.31 %	9.05 %	4.99 %
Q4 2014	9.97 %	9.35 %	5.76 %
Q1 2015	11.64 %	9.93 %	6.33 %
Q2 2015	11.18 %	9.82 %	6.34 %
Q3 2015	9.94 %	7.69 %	5.02 %
Q4 2015	10.97 %	9.93 %	5.43 %
Q1 2016	6.83 %	5.85 %	3.29 %
Q2 2016	6.53 %	5.62 %	3.18 %
Q3 2016	5.65 %	4.94 %	2.12 %
Q4 2016	4.96 %	4.25 %	1.92 %
Q1 2017	5.06 %	4.45 %	1.74 %
Q2 2017	5.63 %	5.04 %	2.13 %
Q3 2017	5.62 %	5.41 %	2.20 %
Q4 2017	5.15 %	4.63 %	1.53 %
Q1 2018	5.38 %	9.07 %	1.72 %
Q2 2018	4.87 %	8.56 %	1.17 %
Q3 2018	4.71 %	8.62 %	1.24 %
Q4 2018	4.59 %	8.61 %	1.02 %
Q1 2019	5.20 %	8.24 %	1.31 %
Q2 2019	4.81 %	8.04 %	1.30 %
Q3 2019	4.48 %	7.36 %	1.12 %
Q4 2019	16.69 %	18.78 %	11.21 %
Q1 2020	5.81 %	8.82 %	2.08 %
Q2 2020	6.40 %	7.71 %	(0.42 %)
Q3 2020	6.81 %	11.33 %	2.84 %
Q4 2020	7.12 %	10.54 %	2.64 %
Q1 2021	5.74 %	8.94 %	2.24 %
Q2 2021	4.78 %	7.32 %	1.65 %
Q3 2021	4.61 %	6.59 %	1.85 %
Q4 2021	4.91 %	6.85 %	2.06 %
Q1 2022	4.90 %	6.33 %	2.25 %
Q2 2022	4.57 %	6.14 %	1.54 %
Q3 2022	4.62 %	6.06 %	1.90 %
Q4 2022	5.15 %	6.37 %	2.15 %
Q1 2023	4.78 %	6.25 %	2.06 %
Q2 2023	4.72 %	6.36 %	1.96 %
Q3 2023	4.53 %	6.00 %	1.74 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2014	100.00	1.09	1.09	4.87
Q2 2014	100.00	1.17	1.17	5.23
Q3 2014	100.00	1.19	1.19	5.49
Q4 2014	100.00	1.24	1.24	5.80
Q1 2015	100.00	1.35	1.29	5.41
Q2 2015	100.00	1.37	1.30	5.78
Q3 2015	100.00	1.42	1.32	6.10
Q4 2015	100.00	1.44	1.33	6.43
Q1 2016	100.00	1.30	1.25	5.72
Q2 2016	100.00	1.22	1.17	6.19
Q3 2016	100.00	1.07	1.07	6.37
Q4 2016	100.00	0.91	0.91	6.34
Q1 2017	100.00	0.78	0.78	6.07
Q2 2017	100.00	0.68	0.68	6.25
Q3 2017	100.00	0.68	0.68	6.43
Q4 2017	100.00	0.65	0.65	6.56
Q1 2018	100.00	0.72	0.72	6.29
Q2 2018	100.00	0.69	0.69	6.47
Q3 2018	100.00	0.67	0.67	6.66
Q4 2018	100.00	0.67	0.67	6.43
Q1 2019	100.00	0.74	0.61	6.36
Q2 2019	100.00	0.77	0.64	6.54
Q3 2019	100.00	0.77	0.64	6.70
Q4 2019	100.00	2.92	2.28	8.75
Q1 2020	100.00	2.92	2.41	9.05
Q2 2020	100.00	2.89	2.21	8.26
Q3 2020	100.00	3.10	2.41	8.63
Q4 2020	100.00	1.21	1.04	8.92
Q1 2021	100.00	1.30	1.13	9.32
Q2 2021	100.00	1.52	1.52	9.08
Q3 2021	100.00	1.62	1.62	9.55
Q4 2021	100.00	1.77	1.77	9.95
Q1 2022	100.00	2.00	2.00	9.45
Q2 2022	100.00	2.10	2.10	9.91
Q3 2022	100.00	2.24	2.24	10.53
Q4 2022	100.00	2.42	2.42	11.09
Q1 2023	100.00	2.50	2.50	11.80
Q2 2023	100.00	2.74	2.74	11.00
Q3 2023	100.00	2.80	2.80	11.68

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2013	100.00	1.02	1.02	5.18
2014	100.00	1.24	1.24	5.80
2015	100.00	1.44	1.33	6.43
2016	100.00	0.91	0.91	6.34
2017	100.00	0.65	0.65	6.56
2018	100.00	0.67	0.67	6.43
2019	100.00	2.92	2.28	8.75
2020	100.00	1.21	1.04	8.92
2021	100.00	1.77	1.77	9.95
2022	100.00	2.42	2.42	11.09

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2014	14.58	14.58	3.25
Q2 2014	17.10	17.10	3.82
Q3 2014	19.86	19.86	4.30
Q4 2014	16.57	16.57	3.53
Q1 2015	17.76	18.63	4.44
Q2 2015	19.92	20.88	4.71
Q3 2015	14.89	16.03	3.47
Q4 2015	11.99	12.98	2.69
Q1 2016	11.30	11.72	2.56
Q2 2016	11.25	11.69	2.21
Q3 2016	11.17	11.25	1.88
Q4 2016	17.11	17.11	2.46
Q1 2017	17.75	17.75	2.28
Q2 2017	17.87	17.87	1.93
Q3 2017	20.53	20.53	2.16
Q4 2017	21.34	21.34	2.10
Q1 2018	18.56	18.56	2.13
Q2 2018	20.29	20.29	2.16
Q3 2018	21.27	21.27	2.13
Q4 2018	27.78	27.78	2.88
Q1 2019	22.23	26.90	2.60
Q2 2019	26.93	32.40	3.15
Q3 2019	37.22	44.71	4.28
Q4 2019	12.86	16.45	4.29
Q1 2020	11.51	13.92	3.71
Q2 2020	13.05	17.07	4.57
Q3 2020	12.83	16.46	4.60
Q4 2020	32.17	37.57	4.36
Q1 2021	32.84	37.90	4.59
Q2 2021	33.77	33.77	5.65
Q3 2021	33.71	33.71	5.73
Q4 2021	28.35	28.35	5.04
Q1 2022	29.17	29.17	6.17
Q2 2022	23.85	23.85	5.05
Q3 2022	22.70	22.70	4.83
Q4 2022	23.08	23.08	5.03
Q1 2023	28.49	28.49	6.03
Q2 2023	33.98	33.98	8.47
Q3 2023	37.61	37.61	9.02

Period	P/E	Adjusted P/E	Price/book
2013	13.28	13.28	2.61
2014	16.57	16.57	3.53
2015	11.99	12.98	2.69
2016	17.11	17.11	2.46
2017	21.34	21.34	2.10
2018	27.78	27.78	2.88
2019	12.86	16.45	4.29
2020	32.17	37.57	4.36
2021	28.35	28.35	5.04
2022	23.08	23.08	5.03

Business Segments (Million)

Compared With The

Period	Oil services sector	Transport Service	elimination	Super Sector 2
Q1 2014	461.66	70.51	(13.58)	-
Q2 2014	490.43	75.51	(15.25)	-
Q3 2014	477.58	70.09	(15.71)	-
Q4 2014	488.27	72.08	(17.25)	-
Q1 2015	501.71	78.56	(16.32)	-
Q2 2015	521.51	75.81	(17.31)	-
Q3 2015	516.71	66.69	(16.86)	-
Q4 2015	538.90	70.07	(16.47)	-
Q1 2016	794.80	69.50	(20.57)	-
Q2 2016	850.61	68.12	(22.09)	-
Q3 2016	815.13	56.04	(19.52)	-
Q4 2016	831.65	56.88	(19.20)	-
Q1 2017	807.00	51.91	(18.51)	-
Q2 2017	818.12	58.52	(19.78)	-
Q3 2017	782.34	63.22	(18.68)	-
Q4 2017	843.19	62.51	(20.23)	-
Q1 2018	1,236.02	69.53	(20.38)	-
Q2 2018	1,240.39	70.66	(20.74)	-
Q3 2018	1,235.89	71.60	(19.00)	-
Q4 2018	1,247.46	85.15	(20.00)	-
Q1 2019	1,226.32	92.00	(18.52)	-
Q2 2019	1,258.96	87.18	(19.69)	-
Q3 2019	1,407.07	85.88	(20.20)	-
Q4 2019	1,510.62	93.71	(22.19)	-
Q1 2020	1,406.89	73.61	(22.69)	-
Q2 2020	666.76	69.79	(17.27)	-
Q3 2020	1,246.27	77.86	(23.87)	-
Q4 2020	1,447.61	73.29	(24.18)	-
Q1 2021	1,712.60	71.05	(24.00)	-
Q2 2021	2,122.64	75.30	(24.75)	-
Q3 2021	2,489.92	94.16	(27.71)	-
Q4 2021	2,540.16	110.33	(30.11)	-
Q1 2022	2,711.54	100.22	(31.63)	-
Q2 2022	2,929.58	92.72	(34.70)	-
Q3 2022	3,183.22	110.34	(37.37)	-
Q4 2022	3,255.85	113.62	(37.31)	-
Q1 2023	3,347.70	112.84	(41.93)	-
Q2 2023	3,491.71	133.68	(44.79)	-
Q3 2023	3,777.46	154.81	(49.08)	-

Period	Oil services sector	Transport Service	elimination	Super Sector 2
2013	1,801.98	236.42	(55.72)	-
2014	1,917.93	288.18	(61.79)	-
2015	2,078.82	291.13	(66.96)	-
2016	3,292.18	250.55	(81.38)	-
2017	3,250.64	236.15	(77.20)	-
2018	4,959.76	296.94	(80.12)	-
2019	5,402.97	358.76	(80.60)	-
2020	4,767.54	294.55	(88.00)	-
2021	8,865.33	350.84	(106.56)	-
2022	12,080.19	416.91	(141.01)	-

Analysts Estimates (Million)

Item	Q3 2023 (e)	Q3 2023 (a)	Change‬
Average	72.00	67.55	(6.2 %)

Estimates vs Actual (Million)

Item	Q3 2023 (e)	Q3 2023 (a)	Change
Al Rajhi Capital	72.00	67.55	(6.2) %

Financial Ratios

	Current
Market Cap (M Riyal)	12,360.00
Enterprise Value (EV) (M)	12,287.85
Shares Outstanding ((M))	100.00
EPS ( Riyal) (TTM)	3.17
Book Value (BV) ( Riyal)	13.90
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	39.45
P/E (TTM)	38.99
Price/book	8.89
Return on Average Assets (%) (TTM)	4.1
Return on Average Equity (%) (TTM)	24.8

Aldrees Petroleum and Transport Services Co. (ALDREES)

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Aldrees profit up 23% to SAR 208.3 mln in 9M 2023; Q3 at SAR 67.6 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) 2023 Q3

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

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Aldrees Petroleum and Transport Services Co. (ALDREES)

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Aldrees profit up 23% to SAR 208.3 mln in 9M 2023; Q3 at SAR 67.6 mln

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) Q3 2023

Revenue by Business Segment (Latest) 2023 Q3

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Aldrees Petroleum and Transport Services Co. (ALDREES)

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Business Segments (Million)