SADAFCO profit up 28% to SAR 254M in H1 2024; Q2 at SAR 127.8M

30/07/2024 Argaam Exclusive

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Saudia Dairy and Foodstuff Co. (SADAFCO) reported a net profit of SAR 254 million in the first half of 2024, up 28% from SAR 199 million a year earlier.

Financials (M)

Item	6m 2023	6m 2024	Change‬
Revenues	1,347.43	1,440.06	6.9 %
Gross Income	436.67	524.71	20.2 %
Operating Income	194.74	251.82	29.3 %
Net Income	198.98	254.04	27.7 %
Average Shares	32.50	32.50	-
EPS (Riyals)	6.12	7.82	27.7 %

The profit growth was driven by a 6.9% year-on-year (YoY) increase in sales value to SAR 1.44 billion in the first six months of 2024, versus SAR 1.34 billion last year, thanks to a market share gain in most of the company’s business divisions.

This came as the gross profit margin (GPM) climbed to 36.4% in H1 2024, from 32.4% a year ago, on lower raw material costs, cost efficiency in the factories and profitable product mix. However, for the same period, the GPM excluding Mlekoma’s results amounted to 40.3%.

Selling & distribution expenses remained at 15.2% of net sales in H1 2024, from 14.7% last year. Meanwhile, general & administrative expenses came in at 3.8% of sales, below last year’s level.

Finance income increased by SAR 500,000 on annual basis in H1 2024 because of higher Murabaha deposit rates.

Mlekoma’s gross profit margin improved to SAR 3.8 million in H1 2024, compared to loss-making last year.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2023	Q2 2024	Change‬
Revenues	679.23	722.18	6.3 %
Gross Income	235.42	268.21	13.9 %
Operating Income	104.19	131.39	26.1 %
Net Income	108.54	127.79	17.7 %
Average Shares	32.50	32.50	-
EPS (Riyals)	3.34	3.93	17.7 %

Item	Q1 2024	Q2 2024	Change‬
Revenues	717.88	722.18	0.6 %
Gross Income	256.49	268.21	4.6 %
Operating Income	121.58	131.39	8.1 %
Net Income	126.25	127.79	1.2 %
Average Shares	32.50	32.50	-
EPS (Riyals)	3.88	3.93	1.2 %

The second-quarter net profit grew 17.7% from SAR 108.54 million in Q2 2023 to SAR 127.79 million.

The quarterly earnings rose 1.2% from SAR 126.25 million in the previous quarter.

Total shareholders’ equity, after minority interest, reached SAR 1.77 billion as of June 30, 2024, down from SAR 1.76 billion a year earlier.

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Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2015	520.68	12.3 %	179.73	31.0 %	62.22	62.6 %
Q2 2015	481.93	11.7 %	166.21	28.3 %	58.10	12.4 %
Q3 2015	496.12	10.8 %	171.89	35.4 %	72.07	127.5 %
Q4 2015	484.04	4.3 %	190.80	20.3 %	83.28	145.3 %
2015	1,982.76	9.7 %	708.64	28.3 %	275.66	77.2 %
Q1 2016	475.74	(8.6 %)	192.24	7.0 %	85.43	37.3 %
Q2 2016	445.03	(7.7 %)	171.79	3.4 %	82.49	42.0 %
Q3 2016	436.09	(12.1 %)	158.98	(7.5 %)	71.13	(1.3 %)
Q4 2016	430.00	(11.2 %)	167.25	(12.3 %)	73.57	(11.7 %)
2016	1,786.86	(9.9 %)	690.27	(2.6 %)	312.76	13.5 %
Q1 2017	452.83	(4.8 %)	175.18	(8.9 %)	80.98	(5.2 %)
Q2 2017	441.31	(0.8 %)	171.32	(0.3 %)	75.95	(7.9 %)
Q3 2017	419.93	(3.7 %)	149.44	(6.0 %)	62.60	(12.0 %)
Q4 2017	378.61	(11.9 %)	137.73	(17.7 %)	55.89	(24.0 %)
2017	1,692.68	(5.3 %)	633.68	(8.2 %)	275.41	(11.9 %)
Q1 2018	410.17	(9.4 %)	133.52	(23.8 %)	50.36	(37.8 %)
Q2 2018	476.62	8.0 %	145.83	(14.9 %)	54.54	(28.2 %)
Q3 2018	462.67	10.2 %	139.80	(6.5 %)	55.20	(11.8 %)
Q4 2018	463.50	22.4 %	161.15	17.0 %	61.89	10.7 %
2018	1,812.96	7.1 %	580.30	(8.4 %)	221.98	(19.4 %)
Q1 2019	485.23	18.3 %	156.47	17.2 %	61.13	21.4 %
Q2 2019	521.08	9.3 %	176.78	21.2 %	67.22	23.3 %
Q3 2019	488.47	5.6 %	176.12	26.0 %	72.58	31.5 %
Q4 2019	561.31	21.1 %	179.81	11.6 %	86.83	40.3 %
2019	2,056.09	13.4 %	689.18	18.8 %	287.77	29.6 %
Q1 2020	565.99	16.6 %	183.30	17.1 %	75.76	23.9 %
Q2 2020	535.40	2.7 %	176.92	0.1 %	72.52	7.9 %
Q3 2020	482.02	(1.3 %)	160.80	(8.7 %)	63.42	(12.6 %)
Q4 2020	521.98	(7.0 %)	172.81	(3.9 %)	64.83	(25.3 %)
2020	2,105.40	2.4 %	693.83	0.7 %	276.53	(3.9 %)
Q1 2021	492.40	(13.0 %)	150.47	(17.9 %)	43.78	(42.2 %)
Q2 2021	530.08	(1.0 %)	161.54	(8.7 %)	57.69	(20.5 %)
Q3 2021	519.91	7.9 %	160.10	(0.4 %)	59.25	(6.6 %)
Q4 2021	627.94	20.3 %	184.52	6.8 %	69.85	7.7 %
2021	2,170.33	3.1 %	656.63	(5.4 %)	230.57	(16.6 %)
Q1 2022	631.33	28.2 %	202.21	34.4 %	89.38	104.1 %
Q2 2022	694.49	31.0 %	223.29	38.2 %	113.66	97.0 %
Q3 2022	654.00	25.8 %	195.97	22.4 %	75.63	27.6 %
Q4 2022	-	-	-	-	-	-
2022	2,648.01	22.0 %	822.71	25.3 %	369.21	60.1 %
Q1 2023	668.20	5.8 %	201.25	(0.5 %)	90.55	1.3 %
Q2 2023	679.23	(2.2 %)	235.42	5.4 %	104.19	(8.3 %)
Q3 2023	744.36	13.8 %	282.33	44.1 %	137.81	82.2 %
Q4 2023	687.89	-	232.93	-	218.28	-
2023	2,111.48	(20.3 %)	750.67	(8.8 %)	337.61	(8.6 %)
Q1 2024	717.88	7.4 %	256.49	27.4 %	121.58	34.3 %
Q2 2024	722.18	6.3 %	268.21	13.9 %	131.39	26.1 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2014	1,806.88	16.4 %	552.28	12.0 %	155.59	(15.4 %)
2015	1,982.76	9.7 %	708.64	28.3 %	275.66	77.2 %
2016	1,786.86	(9.9 %)	690.27	(2.6 %)	312.76	13.5 %
2017	1,692.68	(5.3 %)	633.68	(8.2 %)	275.41	(11.9 %)
2018	1,812.96	7.1 %	580.30	(8.4 %)	221.98	(19.4 %)
2019	2,056.09	13.4 %	689.18	18.8 %	287.77	29.6 %
2020	2,105.40	2.4 %	693.83	0.7 %	276.53	(3.9 %)
2021	2,170.33	3.1 %	656.63	(5.4 %)	230.57	(16.6 %)
2022	2,648.01	22.0 %	822.71	25.3 %	369.21	60.1 %
2023	2,111.48	(20.3 %)	750.67	(8.8 %)	337.61	(8.6 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2015	58.29	71.3 %	1.79	-	58.29	1.79
Q2 2015	53.91	13.2 %	1.66	-	53.91	1.66
Q3 2015	68.13	126.4 %	2.10	-	68.13	2.10
Q4 2015	79.88	173.7 %	2.46	-	79.88	2.46
2015	260.21	84.6 %	8.01	-	260.21	8.01
Q1 2016	81.15	39.2 %	2.50	-	81.15	2.50
Q2 2016	80.85	50.0 %	2.49	-	80.85	2.49
Q3 2016	67.84	(0.4 %)	2.09	-	67.84	2.09
Q4 2016	73.84	(7.6 %)	2.27	-	73.84	2.27
2016	303.68	16.7 %	9.34	-	303.68	9.34
Q1 2017	77.07	(5.0 %)	2.37	-	77.07	2.37
Q2 2017	75.16	(7.0 %)	2.31	-	75.16	2.31
Q3 2017	58.52	(13.7 %)	1.80	-	58.52	1.80
Q4 2017	50.13	(32.1 %)	1.54	-	50.13	1.54
2017	260.88	(14.1 %)	8.03	-	260.88	8.03
Q1 2018	50.20	(34.9 %)	1.54	-	50.20	1.54
Q2 2018	54.09	(28.0 %)	1.66	-	54.09	1.66
Q3 2018	54.15	(7.5 %)	1.67	-	54.15	1.67
Q4 2018	59.95	19.6 %	1.84	-	59.95	1.84
2018	218.39	(16.3 %)	6.72	-	218.39	6.72
Q1 2019	58.28	16.1 %	1.79	-	58.28	1.79
Q2 2019	65.16	20.5 %	2.00	-	65.16	2.00
Q3 2019	68.32	26.2 %	2.10	-	68.32	2.10
Q4 2019	74.50	24.3 %	2.29	-	74.50	2.29
2019	266.26	21.9 %	8.19	-	266.26	8.19
Q1 2020	70.40	20.8 %	2.17	-	70.40	2.17
Q2 2020	70.31	7.9 %	2.16	-	70.31	2.16
Q3 2020	63.77	(6.7 %)	1.96	-	63.77	1.96
Q4 2020	56.08	(24.7 %)	1.73	-	56.08	1.73
2020	260.55	(2.1 %)	8.02	-	260.55	8.02
Q1 2021	38.15	(45.8 %)	1.17	-	38.15	1.17
Q2 2021	54.06	(23.1 %)	1.66	-	54.06	1.66
Q3 2021	53.65	(15.9 %)	1.65	-	53.65	1.65
Q4 2021	61.44	9.6 %	1.89	-	61.44	1.89
2021	207.29	(20.4 %)	6.38	-	207.29	6.38
Q1 2022	54.33	42.4 %	1.67	(25.99)	80.31	2.47
Q2 2022	85.55	58.3 %	2.63	(23.73)	109.28	3.36
Q3 2022	78.45	46.2 %	2.41	10.96	67.49	2.08
Q4 2022	-	-	-	-	-	-
2022	308.77	49.0 %	9.50	(39.73)	348.50	10.72
Q1 2023	90.44	66.5 %	2.78	3.87	86.57	2.66
Q2 2023	108.54	26.9 %	3.34	(0.30)	108.84	3.35
Q3 2023	114.47	45.9 %	3.52	(20.52)	134.99	4.15
Q4 2023	218.74	-	6.73	4.36	214.38	6.60
2023	327.62	6.1 %	10.08	(16.16)	343.78	10.58
Q1 2024	126.25	39.6 %	3.88	-	126.25	3.88
Q2 2024	127.79	17.7 %	3.93	-	127.79	3.93

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2014	140.95	(17.0 %)	4.34	-	140.95	4.34
2015	260.21	84.6 %	8.01	-	260.21	8.01
2016	303.68	16.7 %	9.34	-	303.68	9.34
2017	260.88	(14.1 %)	8.03	-	260.88	8.03
2018	218.39	(16.3 %)	6.72	-	218.39	6.72
2019	266.26	21.9 %	8.19	-	266.26	8.19
2020	260.55	(2.1 %)	8.02	-	260.55	8.02
2021	207.29	(20.4 %)	6.38	-	207.29	6.38
2022	308.77	49.0 %	9.50	(39.73)	348.50	10.72
2023	327.62	6.1 %	10.08	(16.16)	343.78	10.58

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	31.91 %	13.56 %	8.86 %
Q2 2015	32.98 %	13.61 %	8.96 %
Q3 2015	34.46 %	15.75 %	10.67 %
Q4 2015	35.74 %	18.05 %	13.12 %
2015	35.74 %	18.05 %	13.12 %
Q1 2016	37.21 %	19.66 %	14.61 %
Q2 2016	38.23 %	21.33 %	16.31 %
Q3 2016	38.78 %	21.64 %	16.82 %
Q4 2016	38.63 %	21.05 %	17.00 %
2016	38.63 %	21.06 %	17.00 %
Q1 2017	38.16 %	20.91 %	16.98 %
Q2 2017	38.22 %	20.43 %	16.70 %
Q3 2017	38.03 %	19.99 %	16.32 %
Q4 2017	37.44 %	20.13 %	15.41 %
2017	37.44 %	20.13 %	15.41 %
Q1 2018	35.88 %	18.82 %	14.18 %
Q2 2018	33.61 %	17.17 %	12.63 %
Q3 2018	32.23 %	16.41 %	12.07 %
Q4 2018	32.01 %	16.13 %	12.05 %
2018	32.01 %	16.13 %	12.05 %
Q1 2019	31.95 %	16.44 %	12.00 %
Q2 2019	32.82 %	17.12 %	12.29 %
Q3 2019	34.24 %	18.23 %	12.85 %
Q4 2019	33.52 %	18.85 %	12.95 %
2019	33.52 %	18.85 %	12.95 %
Q1 2020	33.51 %	18.92 %	13.03 %
Q2 2020	33.29 %	19.10 %	13.18 %
Q3 2020	32.68 %	18.72 %	13.01 %
Q4 2020	32.95 %	18.02 %	12.38 %
2020	32.95 %	18.09 %	12.38 %
Q1 2021	32.53 %	17.10 %	11.24 %
Q2 2021	31.86 %	16.41 %	10.46 %
Q3 2021	31.24 %	15.84 %	9.78 %
Q4 2021	30.25 %	15.43 %	9.55 %
2021	30.25 %	15.43 %	9.55 %
Q1 2022	30.68 %	16.67 %	10.80 %
Q2 2022	31.13 %	18.03 %	12.32 %
Q3 2022	30.91 %	17.94 %	12.21 %
Q4 2022	-	-	-
2022	31.07 %	18.48 %	13.16 %
Q1 2023	-	-	-
Q2 2023	-	-	-
Q3 2023	-	-	-
Q4 2023	34.25 %	23.07 %	19.60 %
2023	35.55 %	20.27 %	16.28 %
Q1 2024	35.60 %	20.48 %	16.60 %
Q2 2024	36.21 %	21.12 %	17.01 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2014	30.57 %	12.56 %	7.80 %
2015	35.74 %	18.05 %	13.12 %
2016	38.63 %	21.06 %	17.00 %
2017	37.44 %	20.13 %	15.41 %
2018	32.01 %	16.13 %	12.05 %
2019	33.52 %	18.85 %	12.95 %
2020	32.95 %	18.09 %	12.38 %
2021	30.25 %	15.43 %	9.55 %
2022	31.07 %	18.48 %	13.16 %
2023	35.55 %	20.27 %	16.28 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	34.52 %	15.62 %	11.20 %
Q2 2015	34.49 %	15.94 %	11.19 %
Q3 2015	34.65 %	19.57 %	13.73 %
Q4 2015	39.42 %	21.19 %	16.50 %
Q1 2016	40.41 %	21.95 %	17.06 %
Q2 2016	38.60 %	22.79 %	18.17 %
Q3 2016	36.46 %	20.63 %	15.56 %
Q4 2016	38.90 %	18.67 %	17.17 %
Q1 2017	38.69 %	21.45 %	17.02 %
Q2 2017	38.82 %	20.92 %	17.03 %
Q3 2017	35.59 %	18.81 %	13.93 %
Q4 2017	36.38 %	19.13 %	13.24 %
Q1 2018	32.55 %	16.30 %	12.24 %
Q2 2018	30.60 %	14.93 %	11.35 %
Q3 2018	30.22 %	15.79 %	11.70 %
Q4 2018	34.77 %	17.53 %	12.93 %
Q1 2019	32.25 %	17.50 %	12.01 %
Q2 2019	33.93 %	17.57 %	12.50 %
Q3 2019	36.06 %	20.34 %	13.99 %
Q4 2019	32.03 %	19.91 %	13.27 %
Q1 2020	32.39 %	17.96 %	12.44 %
Q2 2020	33.04 %	18.33 %	13.13 %
Q3 2020	33.36 %	18.64 %	13.23 %
Q4 2020	33.11 %	17.20 %	10.74 %
Q1 2021	30.56 %	14.15 %	7.75 %
Q2 2021	30.48 %	15.70 %	10.20 %
Q3 2021	30.79 %	16.21 %	10.32 %
Q4 2021	29.38 %	15.57 %	9.78 %
Q1 2022	32.03 %	18.95 %	12.72 %
Q2 2022	32.15 %	20.80 %	15.73 %
Q3 2022	29.96 %	16.22 %	10.32 %
Q4 2022	-	-	-
Q1 2023	30.12 %	17.82 %	12.96 %
Q2 2023	34.66 %	19.62 %	16.02 %
Q3 2023	37.93 %	22.56 %	18.14 %
Q4 2023	33.86 %	32.10 %	31.17 %
Q1 2024	35.73 %	21.03 %	17.59 %
Q2 2024	37.14 %	22.21 %	17.69 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2015	32.50	5.08	5.08	27.46
Q2 2015	32.50	5.28	5.28	29.12
Q3 2015	32.50	6.45	6.45	31.15
Q4 2015	32.50	8.01	8.01	33.61
Q1 2016	32.50	8.71	8.71	31.88
Q2 2016	32.50	9.54	9.54	34.42
Q3 2016	32.50	9.53	9.53	36.56
Q4 2016	32.50	9.34	9.34	38.80
Q1 2017	32.50	9.22	9.22	37.17
Q2 2017	32.50	9.04	9.04	39.49
Q3 2017	32.50	8.76	8.76	39.29
Q4 2017	32.50	8.03	8.03	40.65
Q1 2018	32.50	7.20	7.20	42.22
Q2 2018	32.50	6.55	6.55	41.16
Q3 2018	32.50	6.42	6.42	40.82
Q4 2018	32.50	6.72	6.72	41.18
Q1 2019	32.50	6.97	6.97	41.01
Q2 2019	32.50	7.31	7.31	43.01
Q3 2019	32.50	7.75	7.75	42.64
Q4 2019	32.50	8.19	8.19	44.83
Q1 2020	32.50	8.57	8.57	44.53
Q2 2020	32.50	8.72	8.72	46.69
Q3 2020	32.50	8.58	8.58	48.65
Q4 2020	32.50	8.02	8.02	47.18
Q1 2021	32.50	7.02	7.02	48.56
Q2 2021	32.50	6.52	6.52	47.15
Q3 2021	32.50	6.21	6.21	48.69
Q4 2021	32.50	6.38	6.38	47.39
Q1 2022	32.50	6.88	7.68	46.10
Q2 2022	32.50	7.85	9.37	48.67
Q3 2022	32.50	8.61	9.80	51.17
Q4 2022	-	-	-	-
Q1 2023	32.50	-	-	50.87
Q2 2023	32.50	-	-	54.25
Q3 2023	32.50	-	-	55.46
Q4 2023	32.50	16.38	16.76	58.51
Q1 2024	32.50	13.91	14.45	56.42
Q2 2024	32.50	14.51	15.03	54.53

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2014	32.50	4.34	4.34	29.17
2015	32.50	8.01	8.01	33.61
2016	32.50	9.34	9.34	38.80
2017	32.50	8.03	8.03	40.65
2018	32.50	6.72	6.72	41.18
2019	32.50	8.19	8.19	44.83
2020	32.50	8.02	8.02	47.18
2021	32.50	6.38	6.38	47.39
2022	32.50	9.50	10.72	50.87
2023	32.50	10.08	10.58	58.51

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2015	23.74	23.74	4.39
Q2 2015	27.09	27.09	4.91
Q3 2015	21.02	21.02	4.35
Q4 2015	13.99	13.99	3.33
Q1 2016	14.23	14.23	3.89
Q2 2016	15.61	15.61	4.33
Q3 2016	12.91	12.91	3.37
Q4 2016	13.33	13.33	3.21
Q1 2017	14.35	14.35	3.56
Q2 2017	13.73	13.73	3.14
Q3 2017	13.64	13.64	3.04
Q4 2017	16.31	16.31	3.22
Q1 2018	16.37	16.37	2.79
Q2 2018	14.38	14.38	2.29
Q3 2018	14.02	14.02	2.20
Q4 2018	14.94	14.94	2.44
Q1 2019	14.84	14.84	2.52
Q2 2019	15.73	15.73	2.67
Q3 2019	17.30	17.30	3.14
Q4 2019	17.45	17.45	3.19
Q1 2020	15.99	15.99	3.08
Q2 2020	18.62	18.62	3.53
Q3 2020	21.25	21.25	3.75
Q4 2020	21.49	21.49	3.71
Q1 2021	23.57	23.57	3.41
Q2 2021	27.22	27.22	3.83
Q3 2021	26.56	26.56	3.39
Q4 2021	25.47	25.47	3.48
Q1 2022	25.07	22.46	3.74
Q2 2022	20.48	17.14	3.35
Q3 2022	22.54	19.79	3.79
Q4 2022	-	-	-
Q1 2023	-	-	4.67
Q2 2023	-	-	5.88
Q3 2023	-	-	5.81
Q4 2023	20.43	19.96	5.72
Q1 2024	26.59	25.60	6.56
Q2 2024	23.89	23.05	6.46

Period	P/E	Adjusted P/E	Price/book
2014	27.42	27.42	4.08
2015	13.99	13.99	3.33
2016	13.33	13.33	3.21
2017	16.31	16.31	3.22
2018	14.94	14.94	2.44
2019	17.45	17.45	3.19
2020	21.49	21.49	3.71
2021	25.47	25.47	3.48
2022	22.39	19.83	4.25
2023	32.68	31.15	5.72

Business Segments (Million)

Compared With The

Period	Drinks	Non-drinks
Q1 2016	311.95	163.79
Q2 2016	306.89	138.14
Q3 2016	297.45	138.64
Q4 2016	298.79	131.17
Q1 2017	285.15	167.68
Q2 2017	304.61	136.70
Q3 2017	268.91	151.02
Q4 2017	270.84	107.78
Q1 2018	247.91	162.26
Q2 2018	278.67	197.96
Q3 2018	280.46	182.20
Q4 2018	287.69	175.81
Q1 2019	278.48	206.75
Q2 2019	310.46	210.62
Q3 2019	325.65	162.81
Q4 2019	333.52	227.80
Q1 2020	352.05	213.95
Q2 2020	317.08	218.32
Q3 2020	297.61	184.41
Q4 2020	310.43	211.56
Q1 2021	271.59	220.81
Q2 2021	298.72	231.36
Q3 2021	297.81	222.10
Q4 2021	351.70	276.24
Q1 2022	350.91	280.42
Q2 2022	380.04	314.46
Q3 2022	412.69	241.32
Q1 2023	409.44	258.76
Q2 2023	405.09	274.14
Q3 2023	405.09	339.27
Q4 2023	418.97	268.92
Q1 2024	420.00	297.88
Q2 2024	392.87	329.30

Period	Drinks	Non-drinks
2016	1,215.07	571.74
2017	1,129.51	563.18
2018	1,094.72	718.24
2019	1,248.11	807.98
2020	1,277.17	828.23
2021	1,219.82	950.50
2022	1,553.06	1,094.95
2023	1,229.15	882.33

Analysts Estimates (Million)

Item	Q2 2024 (e)	Q2 2024 (a)	Change‬
Average	128.83	127.79	(0.8 %)

Estimates vs Actual (Million)

Item	Q2 2024 (e)	Q2 2024 (a)	Change
Hermes	129.00	127.79	(0.9) %
Al Rajhi Capital	143.00	127.79	(10.6) %
U-Capital	114.50	127.79	11.6 %

Financial Ratios

	Current
Market Cap (M Riyal)	11,030.50
Enterprise Value (EV) (M)	10,435.35
Shares Outstanding ((M))	32.50
EPS ( Riyal) (TTM)	15.25
Book Value (BV) ( Riyal)	52.86
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	22.45
P/E (TTM)	22.25
Price/book	6.42
Return on Average Assets (%) (TTM)	18.7
Return on Average Equity (%) (TTM)	28.2

Saudia Dairy and Foodstuff Co. (SADAFCO)

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SADAFCO profit up 28% to SAR 254M in H1 2024; Q2 at SAR 127.8M

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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 Q2

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

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Saudia Dairy and Foodstuff Co. (SADAFCO)

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SADAFCO profit up 28% to SAR 254M in H1 2024; Q2 at SAR 127.8M

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

Saudia Dairy and Foodstuff Co. (SADAFCO)

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Business Segments (Million)