Maadaniyah deepens 9M 2024 loss to SAR 28.1M; Q3 at SAR 8.9M

04/11/2024 Argaam Exclusive

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National Metal Manufacturing and Casting Co. (Maadaniyah) slid into a deeper loss of SAR 28.1 million in the first nine months of 2024, compared to a net loss of SAR 18.4 million in a year-earlier period.

Financials (M)

Item	9m 2023	9m 2024	Change‬
Revenues	176.72	188.89	6.9 %
Gross Income	9.16	2.13	(76.8 %)
Operating Income	(14.64)	(23.14)	(58.1 %)
Net Income	(18.42)	(28.12)	(52.7 %)
Average Shares	35.40	35.40	-
EPS (Riyals)	(0.52)	(0.79)	(52.7 %)

The company ascribed the higher losses to lower sales of metal casting products, and a decline in the average selling prices of drawn wire products. Maadaniyah reported an increase in selling and distribution expenses, as well as general and administrative expenses (G&A).

Provisions for expected credit losses also increased, while other income and interest on deposits with banks decreased.

This was offset by better sales, as the sales of drawn wires jumped 32% year-on-year (YoY). Sales volumes also climbed 51%.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2023	Q3 2024	Change‬
Revenues	53.09	68.35	28.7 %
Gross Income	3.34	0.91	(72.7 %)
Operating Income	(4.45)	(7.40)	(66.1 %)
Net Income	(5.96)	(8.94)	(50.0 %)
Average Shares	35.40	35.40	-
EPS (Riyals)	(0.17)	(0.25)	(50.0 %)

Item	Q2 2024	Q3 2024	Change‬
Revenues	56.24	68.35	21.5 %
Gross Income	(0.39)	0.91	332.7 %
Operating Income	(10.02)	(7.40)	26.1 %
Net Income	(11.78)	(8.94)	24.1 %
Average Shares	35.40	35.40	-
EPS (Riyals)	(0.33)	(0.25)	24.1 %

In Q3 2024, Maadniyah’s net losses widened by 50% to SAR 8.9 million from SAR 5.9 million a year earlier as the sales of metal casting products, and average selling prices of drawn wire products went down. The company reported higher G&A, as well as selling and distribution expenses.

However, net losses shrank by 24.1% from SAR 11.7 million in Q2 2024, thanks to improved sales as the sales of drawn wires jumped 18% quarter-on-quarter (QoQ) on a 20% rise in sales volumes.

Total shareholders’ equity, no minority interest, reached SAR 256.16 million as of Sept. 30, 2024, down from SAR 297.1 million in the corresponding period of the year before.

Accumulated loss reached SAR 97.84 million by the end of the nine-month period, accounting for 27.64% of the company’s capital.

View More Financial Results

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2015	114.77	3.6 %	21.35	20.1 %	13.55	31.4 %
Q2 2015	107.80	(1.7 %)	21.11	20.2 %	12.89	29.2 %
Q3 2015	95.00	0.9 %	17.28	6.6 %	9.44	0.1 %
Q4 2015	89.76	(9.0 %)	18.47	52.5 %	9.35	308.5 %
2015	407.32	(1.4 %)	78.22	22.9 %	45.23	40.5 %
Q1 2016	79.11	(31.1 %)	21.47	0.6 %	13.22	(2.5 %)
Q2 2016	82.07	(23.9 %)	21.61	2.3 %	12.81	(0.7 %)
Q3 2016	50.11	(47.3 %)	9.73	(43.7 %)	2.71	(71.3 %)
Q4 2016	61.41	(31.6 %)	6.48	(64.9 %)	(1.16)	(112.4 %)
2016	273.08	(33.0 %)	59.67	(23.7 %)	28.53	(36.9 %)
Q1 2017	65.88	(16.7 %)	12.04	(44.0 %)	3.34	(74.7 %)
Q2 2017	57.60	(29.8 %)	5.60	(74.1 %)	(4.40)	(134.4 %)
Q3 2017	68.14	36.0 %	6.62	(31.9 %)	(0.12)	(104.4 %)
Q4 2017	101.86	65.9 %	12.02	85.4 %	4.66	503.7 %
2017	293.48	7.5 %	36.27	(39.2 %)	3.48	(87.8 %)
Q1 2018	82.02	24.5 %	9.49	(21.1 %)	1.88	(43.9 %)
Q2 2018	111.63	93.8 %	14.95	167.2 %	5.27	219.6 %
Q3 2018	101.60	49.1 %	11.17	68.7 %	1.90	1697.5 %
Q4 2018	95.92	(5.8 %)	12.30	2.3 %	4.11	(11.9 %)
2018	391.17	33.3 %	47.91	32.1 %	13.15	277.8 %
Q1 2019	80.70	(1.6 %)	9.29	(2.2 %)	1.84	(1.8 %)
Q2 2019	65.82	(41.0 %)	5.97	(60.0 %)	(2.40)	(145.5 %)
Q3 2019	58.05	(42.9 %)	1.86	(83.3 %)	(4.69)	(346.8 %)
Q4 2019	58.68	(38.8 %)	0.13	(99.0 %)	(8.12)	(297.7 %)
2019	263.25	(32.7 %)	17.24	(64.0 %)	(13.37)	(201.7 %)
Q1 2020	79.55	(1.4 %)	3.63	(61.0 %)	(5.73)	(411.3 %)
Q2 2020	37.82	(42.5 %)	2.08	(65.2 %)	(5.98)	(149.7 %)
Q3 2020	41.33	(28.8 %)	3.81	104.9 %	(3.90)	16.9 %
Q4 2020	47.26	(19.5 %)	(5.08)	(4131.7 %)	(14.26)	(75.6 %)
2020	205.96	(21.8 %)	4.43	(74.3 %)	(29.87)	(123.5 %)
Q1 2021	65.26	(18.0 %)	3.62	0.0 %	(5.47)	4.6 %
Q2 2021	48.07	27.1 %	5.12	146.5 %	(5.99)	(0.1 %)
Q3 2021	52.19	26.3 %	3.38	(11.4 %)	(4.43)	(13.7 %)
Q4 2021	61.51	30.1 %	1.11	121.9 %	(6.91)	51.5 %
2021	227.02	10.2 %	13.23	198.4 %	(22.80)	23.7 %
Q1 2022	77.03	18.0 %	2.99	(17.5 %)	(5.69)	(4.1 %)
Q2 2022	54.52	13.4 %	1.53	(70.2 %)	(7.23)	(20.7 %)
Q3 2022	58.16	11.4 %	(0.70)	(120.6 %)	(7.51)	(69.4 %)
Q4 2022	67.92	10.4 %	(4.70)	(521.9 %)	(13.38)	(93.5 %)
2022	257.63	13.5 %	(0.88)	(106.6 %)	(34.18)	(49.9 %)
Q1 2023	65.75	(14.6 %)	3.91	30.6 %	(4.41)	22.5 %
Q2 2023	57.88	6.2 %	1.92	25.9 %	(5.77)	20.1 %
Q3 2023	53.09	(8.7 %)	3.34	579.5 %	(4.45)	40.7 %
Q4 2023	52.60	(22.6 %)	(3.24)	30.9 %	(12.54)	6.2 %
2023	229.32	(11.0 %)	5.92	776.5 %	(27.18)	20.5 %
Q1 2024	64.31	(2.2 %)	1.61	(58.7 %)	(5.72)	(29.8 %)
Q2 2024	56.24	(2.8 %)	(0.39)	(120.4 %)	(10.02)	(73.5 %)
Q3 2024	68.35	28.7 %	0.91	(72.7 %)	(7.40)	(66.1 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2014	413.16	8.4 %	63.67	45.1 %	32.21	94.0 %
2015	407.32	(1.4 %)	78.22	22.9 %	45.23	40.5 %
2016	273.08	(33.0 %)	59.67	(23.7 %)	28.53	(36.9 %)
2017	293.48	7.5 %	36.27	(39.2 %)	3.48	(87.8 %)
2018	391.17	33.3 %	47.91	32.1 %	13.15	277.8 %
2019	263.25	(32.7 %)	17.24	(64.0 %)	(13.37)	(201.7 %)
2020	205.96	(21.8 %)	4.43	(74.3 %)	(29.87)	(123.5 %)
2021	227.02	10.2 %	13.23	198.4 %	(22.80)	23.7 %
2022	257.63	13.5 %	(0.88)	(106.6 %)	(34.18)	(49.9 %)
2023	229.32	(11.0 %)	5.92	776.5 %	(27.18)	20.5 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2015	12.47	61.3 %	0.42	-	12.47	0.42
Q2 2015	9.42	6.7 %	0.31	-	9.42	0.31
Q3 2015	8.93	4.1 %	0.30	-	8.93	0.30
Q4 2015	(1.48)	66.2 %	(0.05)	(11.73)	10.24	0.34
2015	29.34	41.4 %	0.98	(11.73)	41.06	1.37
Q1 2016	11.67	(6.4 %)	0.39	-	11.67	0.39
Q2 2016	11.01	16.9 %	0.37	-	11.01	0.37
Q3 2016	1.52	(83.0 %)	0.05	-	1.52	0.05
Q4 2016	(2.20)	(48.1 %)	(0.07)	-	(2.20)	(0.07)
2016	22.55	(23.1 %)	0.75	-	22.55	0.75
Q1 2017	1.45	(87.6 %)	0.05	-	1.45	0.05
Q2 2017	(6.37)	(157.9 %)	(0.21)	-	(6.37)	(0.21)
Q3 2017	(4.49)	(395.6 %)	(0.15)	-	(4.49)	(0.15)
Q4 2017	(10.26)	(366.9 %)	(0.34)	(4.92)	(5.34)	(0.18)
2017	(19.66)	(187.2 %)	(0.66)	(4.92)	(14.75)	(0.49)
Q1 2018	(0.89)	(161.0 %)	(0.03)	-	(0.89)	(0.03)
Q2 2018	3.75	158.8 %	0.13	-	3.75	0.13
Q3 2018	(0.62)	86.1 %	(0.02)	-	(0.62)	(0.02)
Q4 2018	2.29	122.3 %	0.08	-	2.29	0.08
2018	4.53	123.0 %	0.15	-	4.53	0.15
Q1 2019	(0.19)	78.3 %	(0.01)	-	(0.19)	(0.01)
Q2 2019	(4.10)	(209.3 %)	(0.14)	-	(4.10)	(0.14)
Q3 2019	(47.08)	(7,469.5 %)	(1.57)	(40.09)	(7.00)	(0.23)
Q4 2019	(13.74)	(700.6 %)	(0.46)	-	(13.74)	(0.46)
2019	(65.11)	(1537.6 %)	(2.17)	(40.09)	(25.02)	(0.84)
Q1 2020	(7.46)	(3,786.5 %)	(0.25)	-	(7.46)	(0.25)
Q2 2020	(7.71)	(88.1 %)	(0.26)	-	(7.71)	(0.26)
Q3 2020	(5.86)	87.6 %	(0.20)	-	(5.86)	(0.20)
Q4 2020	(19.78)	(44.0 %)	(0.66)	(2.43)	(17.35)	(0.58)
2020	(40.82)	37.3 %	(1.36)	(2.43)	(38.38)	(1.28)
Q1 2021	(7.09)	5.1 %	(0.24)	-	(7.09)	(0.24)
Q2 2021	(7.38)	4.2 %	(0.25)	-	(7.38)	(0.25)
Q3 2021	(6.24)	(6.4 %)	(0.21)	-	(6.24)	(0.21)
Q4 2021	(8.43)	57.4 %	(0.24)	-	(8.43)	(0.24)
2021	(29.13)	28.6 %	(0.82)	-	(29.13)	(0.82)
Q1 2022	(7.14)	(0.7 %)	(0.20)	-	(7.14)	(0.20)
Q2 2022	(8.20)	(11.0 %)	(0.23)	-	(8.20)	(0.23)
Q3 2022	(9.50)	(52.4 %)	(0.27)	-	(9.50)	(0.27)
Q4 2022	(14.16)	(68.0 %)	(0.40)	-	(14.16)	(0.40)
2022	(39.00)	(33.9 %)	(1.10)	-	(39.00)	(1.10)
Q1 2023	(4.90)	31.4 %	(0.14)	-	(4.90)	(0.14)
Q2 2023	(7.56)	7.8 %	(0.21)	-	(7.56)	(0.21)
Q3 2023	(5.96)	37.3 %	(0.17)	-	(5.96)	(0.17)
Q4 2023	(13.06)	7.8 %	(0.37)	-	(13.06)	(0.37)
2023	(31.47)	19.3 %	(0.89)	-	(31.47)	(0.89)
Q1 2024	(7.39)	(50.8 %)	(0.21)	-	(7.39)	(0.21)
Q2 2024	(11.78)	(55.9 %)	(0.33)	-	(11.78)	(0.33)
Q3 2024	(8.94)	(50.0 %)	(0.25)	-	(8.94)	(0.25)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2014	20.75	93.9 %	0.69	(9.39)	30.14	1.01
2015	29.34	41.4 %	0.98	(11.73)	41.06	1.37
2016	22.55	(23.1 %)	0.75	-	22.55	0.75
2017	(19.66)	(187.2 %)	(0.66)	(4.92)	(14.75)	(0.49)
2018	4.53	123.0 %	0.15	-	4.53	0.15
2019	(65.11)	(1537.6 %)	(2.17)	(40.09)	(25.02)	(0.84)
2020	(40.82)	37.3 %	(1.36)	(2.43)	(38.38)	(1.28)
2021	(29.13)	28.6 %	(0.82)	-	(29.13)	(0.82)
2022	(39.00)	(33.9 %)	(1.10)	-	(39.00)	(1.10)
2023	(31.47)	19.3 %	(0.89)	-	(31.47)	(0.89)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	16.12 %	13.34 %	8.36 %
Q2 2015	17.04 %	14.26 %	8.54 %
Q3 2015	17.27 %	14.38 %	8.61 %
Q4 2015	19.20 %	15.79 %	10.08 %
2015	19.20 %	15.79 %	10.08 %
Q1 2016	21.08 %	17.19 %	10.83 %
Q2 2016	22.79 %	18.48 %	12.10 %
Q3 2016	23.68 %	19.21 %	11.44 %
Q4 2016	21.74 %	17.56 %	8.07 %
2016	21.85 %	17.88 %	8.26 %
Q1 2017	19.21 %	14.87 %	4.54 %
Q2 2017	14.40 %	9.23 %	(2.38 %)
Q3 2017	12.14 %	7.56 %	(4.59 %)
Q4 2017	12.36 %	8.53 %	(5.03 %)
2017	12.36 %	8.53 %	(5.02 %)
Q1 2018	10.89 %	7.55 %	(5.52 %)
Q2 2018	11.85 %	9.02 %	(1.92 %)
Q3 2018	11.99 %	8.60 %	(0.78 %)
Q4 2018	12.25 %	8.33 %	1.16 %
2018	12.25 %	8.33 %	1.16 %
Q1 2019	12.24 %	8.27 %	1.34 %
Q2 2019	11.26 %	7.10 %	(0.76 %)
Q3 2019	9.79 %	5.92 %	(3.00 %)
Q4 2019	6.55 %	2.14 %	(9.51 %)
2019	6.55 %	2.15 %	(9.51 %)
Q1 2020	4.42 %	(0.75 %)	(12.32 %)
Q2 2020	3.28 %	(2.41 %)	(15.34 %)
Q3 2020	4.43 %	(2.28 %)	(15.99 %)
Q4 2020	2.15 %	(5.56 %)	(18.64 %)
2020	2.15 %	(5.56 %)	(18.64 %)
Q1 2021	2.31 %	(5.98 %)	(19.83 %)
Q2 2021	3.70 %	(5.76 %)	(18.66 %)
Q3 2021	3.31 %	(5.79 %)	(17.89 %)
Q4 2021	5.83 %	(2.19 %)	(12.83 %)
2021	5.83 %	(2.19 %)	(12.83 %)
Q1 2022	5.28 %	(2.20 %)	(12.22 %)
Q2 2022	3.67 %	(2.67 %)	(12.23 %)
Q3 2022	1.96 %	(4.06 %)	(13.24 %)
Q4 2022	(0.34 %)	(6.74 %)	(15.14 %)
2022	(0.34 %)	(6.89 %)	(15.14 %)
Q1 2023	0.02 %	(6.82 %)	(14.92 %)
Q2 2023	0.17 %	(6.42 %)	(14.46 %)
Q3 2023	1.83 %	(5.44 %)	(13.31 %)
Q4 2023	2.58 %	(5.43 %)	(13.72 %)
2023	2.58 %	(5.43 %)	(13.72 %)
Q1 2024	1.59 %	(6.01 %)	(14.90 %)
Q2 2024	0.58 %	4.19 %	(16.88 %)
Q3 2024	(0.46 %)	-	(17.05 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2014	15.41 %	12.52 %	7.29 %
2015	19.20 %	15.79 %	10.08 %
2016	21.85 %	17.88 %	8.26 %
2017	12.36 %	8.53 %	(5.02 %)
2018	12.25 %	8.33 %	1.16 %
2019	6.55 %	2.15 %	(9.51 %)
2020	2.15 %	(5.56 %)	(18.64 %)
2021	5.83 %	(2.19 %)	(12.83 %)
2022	(0.34 %)	(6.89 %)	(15.14 %)
2023	2.58 %	(5.43 %)	(13.72 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	18.61 %	16.03 %	10.87 %
Q2 2015	19.58 %	16.28 %	8.73 %
Q3 2015	18.19 %	14.73 %	9.40 %
Q4 2015	20.58 %	16.03 %	11.41 %
Q1 2016	27.14 %	22.69 %	14.76 %
Q2 2016	26.33 %	21.43 %	13.41 %
Q3 2016	19.41 %	15.77 %	3.03 %
Q4 2016	10.55 %	7.24 %	(3.58 %)
Q1 2017	18.27 %	13.13 %	2.21 %
Q2 2017	9.71 %	1.20 %	(11.06 %)
Q3 2017	9.72 %	7.83 %	(6.58 %)
Q4 2017	11.80 %	10.15 %	(5.25 %)
Q1 2018	11.57 %	8.54 %	(1.08 %)
Q2 2018	13.39 %	9.08 %	3.36 %
Q3 2018	10.99 %	6.56 %	(0.61 %)
Q4 2018	12.82 %	9.18 %	2.38 %
Q1 2019	11.51 %	8.21 %	(0.24 %)
Q2 2019	9.07 %	3.53 %	(6.23 %)
Q3 2019	3.20 %	0.04 %	(12.05 %)
Q4 2019	0.21 %	(5.67 %)	(23.41 %)
Q1 2020	4.56 %	(1.24 %)	(9.38 %)
Q2 2020	5.49 %	(3.59 %)	(20.38 %)
Q3 2020	9.22 %	1.74 %	(14.18 %)
Q4 2020	(10.75 %)	(20.80 %)	(36.72 %)
Q1 2021	5.55 %	(1.52 %)	(10.86 %)
Q2 2021	10.65 %	(3.17 %)	(15.36 %)
Q3 2021	6.47 %	0.05 %	(11.95 %)
Q4 2021	1.81 %	(4.03 %)	(13.70 %)
Q1 2022	3.88 %	(1.65 %)	(9.27 %)
Q2 2022	2.80 %	(5.17 %)	(15.04 %)
Q3 2022	(1.20 %)	(6.25 %)	(16.34 %)
Q4 2022	(6.91 %)	(14.19 %)	(20.84 %)
Q1 2023	5.94 %	(1.06 %)	(7.45 %)
Q2 2023	3.32 %	(3.55 %)	(13.06 %)
Q3 2023	6.29 %	(1.71 %)	(11.22 %)
Q4 2023	(6.17 %)	(16.69 %)	(24.82 %)
Q1 2024	2.51 %	(3.07 %)	(11.49 %)
Q2 2024	(0.70 %)	37.57 %	(20.95 %)
Q3 2024	1.33 %	-	(13.08 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2015	29.95	0.85	1.16	13.41
Q2 2015	29.95	0.87	1.18	13.23
Q3 2015	29.95	0.88	1.20	13.53
Q4 2015	29.95	0.98	1.37	13.48
Q1 2016	29.95	0.95	1.34	13.80
Q2 2016	29.95	1.01	1.40	13.70
Q3 2016	29.95	0.76	1.15	13.84
Q4 2016	29.95	0.73	0.73	13.69
Q1 2017	29.95	0.39	0.39	13.74
Q2 2017	29.95	(0.19)	(0.19)	13.06
Q3 2017	29.95	(0.39)	(0.39)	12.91
Q4 2017	29.95	(0.66)	(0.49)	12.56
Q1 2018	29.95	(0.73)	(0.57)	12.53
Q2 2018	29.95	(0.40)	(0.23)	12.42
Q3 2018	29.95	(0.27)	(0.10)	12.40
Q4 2018	29.95	0.15	0.15	12.45
Q1 2019	29.95	0.17	0.17	12.44
Q2 2019	29.95	(0.09)	(0.09)	12.31
Q3 2019	29.95	(1.64)	(0.30)	10.73
Q4 2019	29.95	(2.17)	(0.84)	10.30
Q1 2020	29.95	(2.42)	(1.08)	10.05
Q2 2020	29.95	(2.54)	(1.20)	9.80
Q3 2020	29.95	(1.16)	(1.16)	9.60
Q4 2020	29.95	(1.36)	(1.28)	8.95
Q1 2021	29.95	(1.35)	(1.27)	8.72
Q2 2021	29.95	(1.34)	(1.26)	8.47
Q3 2021	29.95	(1.35)	(1.27)	8.26
Q4 2021	35.40	(0.82)	(0.82)	9.94
Q1 2022	35.40	(0.82)	(0.82)	9.74
Q2 2022	35.40	(0.85)	(0.85)	9.50
Q3 2022	35.40	(0.94)	(0.94)	9.24
Q4 2022	35.40	(1.10)	(1.10)	8.91
Q1 2023	35.40	(1.04)	(1.04)	8.78
Q2 2023	35.40	(1.02)	(1.02)	8.56
Q3 2023	35.40	(0.92)	(0.92)	8.39
Q4 2023	35.40	(0.89)	(0.89)	8.03
Q1 2024	35.40	(0.96)	(0.96)	7.82
Q2 2024	35.40	(1.08)	(1.08)	7.49
Q3 2024	35.40	(1.16)	(1.16)	7.24

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2014	29.95	0.69	1.01	12.99
2015	29.95	0.98	1.37	13.48
2016	29.95	0.75	0.75	13.69
2017	29.95	(0.66)	(0.49)	12.56
2018	29.95	0.15	0.15	12.45
2019	29.95	(2.17)	(0.84)	10.30
2020	29.95	(1.36)	(1.28)	8.95
2021	35.40	(0.82)	(0.82)	9.94
2022	35.40	(1.10)	(1.10)	8.91
2023	35.40	(0.89)	(0.89)	8.03

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2015	40.85	29.86	2.59
Q2 2015	44.90	33.02	2.96
Q3 2015	32.07	23.67	2.09
Q4 2015	28.26	20.19	2.05
Q1 2016	26.57	18.83	1.83
Q2 2016	27.20	19.58	2.00
Q3 2016	25.32	16.70	1.39
Q4 2016	35.63	35.63	1.91
Q1 2017	63.99	63.99	1.83
Q2 2017	NEG	NEG	1.74
Q3 2017	NEG	NEG	1.87
Q4 2017	NEG	NEG	1.73
Q1 2018	NEG	NEG	1.63
Q2 2018	NEG	NEG	1.65
Q3 2018	NEG	NEG	1.60
Q4 2018	More than 100	More than 100	1.51
Q1 2019	More than 100	More than 100	1.54
Q2 2019	NEG	NEG	1.39
Q3 2019	NEG	NEG	1.54
Q4 2019	NEG	NEG	1.60
Q1 2020	NEG	NEG	1.31
Q2 2020	NEG	NEG	1.58
Q3 2020	NEG	NEG	3.42
Q4 2020	NEG	NEG	4.06
Q1 2021	NEG	NEG	4.59
Q2 2021	NEG	NEG	5.26
Q3 2021	NEG	NEG	4.94
Q4 2021	NEG	NEG	2.58
Q1 2022	NEG	NEG	2.76
Q2 2022	NEG	NEG	2.03
Q3 2022	NEG	NEG	2.12
Q4 2022	NEG	NEG	1.90
Q1 2023	NEG	NEG	2.11
Q2 2023	NEG	NEG	2.42
Q3 2023	NEG	NEG	2.21
Q4 2023	NEG	NEG	2.47
Q1 2024	NEG	NEG	2.26
Q2 2024	NEG	NEG	2.16
Q3 2024	NEG	NEG	2.55

Period	P/E	Adjusted P/E	Price/book
2014	47.17	32.48	2.52
2015	28.26	20.19	2.05
2016	34.76	34.76	1.91
2017	NEG	NEG	1.73
2018	More than 100	More than 100	1.51
2019	NEG	NEG	1.60
2020	NEG	NEG	4.06
2021	NEG	NEG	2.58
2022	NEG	NEG	1.90
2023	NEG	NEG	2.47

Business Segments (Million)

Compared With The

Period	Transformative Industries	engineering industries sector & metal
Q1 2015	84.21	30.56
Q2 2015	81.85	25.95
Q3 2015	73.97	21.03
Q4 2015	65.87	23.89
Q1 2016	55.05	24.06
Q2 2016	64.63	17.44
Q3 2016	37.77	12.34
Q4 2016	49.66	12.14
Q1 2017	53.22	12.67
Q2 2017	48.04	9.56
Q3 2017	59.25	8.90
Q4 2017	92.73	9.13
Q1 2018	71.81	10.22
Q2 2018	102.04	9.59
Q3 2018	90.76	10.84
Q4 2018	81.40	14.52
Q1 2019	65.04	15.66
Q2 2019	49.53	16.29
Q3 2019	40.49	17.56
Q4 2019	39.72	18.96
Q1 2020	56.80	22.75
Q2 2020	21.93	15.89
Q3 2020	24.96	16.37
Q4 2020	32.56	14.70
Q1 2021	48.18	17.08
Q2 2021	32.00	16.07
Q3 2021	37.49	14.70
Q4 2021	42.85	18.66
Q1 2022	53.59	23.45
Q2 2022	32.85	21.67
Q3 2022	32.89	25.26
Q4 2022	38.62	29.31
Q1 2023	34.55	31.20
Q2 2023	28.28	29.60
Q3 2023	25.84	27.25
Q4 2023	34.61	17.99
Q1 2024	38.93	25.38
Q2 2024	35.95	20.29
Q3 2024	42.45	25.90

Period	Transformative Industries	engineering industries sector & metal
2014	285.18	127.98
2015	305.90	101.43
2016	207.11	65.98
2017	253.23	40.25
2018	346.01	45.16
2019	194.78	68.47
2020	136.25	69.71
2021	160.52	66.50
2022	157.94	99.69
2023	123.28	106.04

Financial Ratios

	Current
Market Cap (M Riyal)	631.54
Enterprise Value (EV) (M)	610.80
Shares Outstanding ((M))	35.40
EPS ( Riyal) (TTM)	(1.16)
Book Value (BV) ( Riyal)	7.24
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	NEG
Price/book	2.47
Return on Average Assets (%) (TTM)	(10.26 )
Return on Average Equity (%) (TTM)	(14.88 )

National Metal Manufacturing and Casting Co. (MAADANIYAH)

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Maadaniyah deepens 9M 2024 loss to SAR 28.1M; Q3 at SAR 8.9M

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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) 2024 Q3

Financial Ratios

Share Price

National Metal Manufacturing and Casting Co. (MAADANIYAH)

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Maadaniyah deepens 9M 2024 loss to SAR 28.1M; Q3 at SAR 8.9M

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 2024

Revenue by Business Segment (Latest) 2024 Q3

Financial Ratios

Share Price

National Metal Manufacturing and Casting Co. (MAADANIYAH)

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Business Segments (Million)