Budget Saudi posts 5% rise in H1 2022 net profit to SAR 122.8 mln; Q2 down 10% to SAR 62.5 mln

31/07/2022 Argaam Exclusive

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United International Transportation Co. (Budget Saudi) reported a 5% rise in H1 2022 net profit after Zakat and tax to SAR 122.8 million, compared to SAR 117.5 million in the year-earlier period.

Financials (M)

Item	6m 2021	6m 2022	Change‬
Revenues	469.40	479.55	2.2 %
Gross Income	165.05	178.45	8.1 %
Operating Income	112.17	119.00	6.1 %
Net Income	117.48	122.75	4.5 %
Average Shares	71.17	71.17	0.0 %
EPS (Riyals)	1.65	1.72	4.5 %

The higher profit was spurred by improved revenue as a result of adding more long-term rentals during the period, along with increased efficiency and utilization of short-term rentals.

The second-quarter net profit after Zakat and tax declined 10% to SAR 62.5 million, from SAR 69.16 million in Q2 2021. The drop was attributed to lower revenue from car sales and lower net gain on car sales. The number of vehicles sold during the quarter was significantly lower, compared to Q2 2021.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2021	Q2 2022	Change‬
Revenues	232.38	231.25	(0.5 %)
Gross Income	91.66	91.57	(0.1 %)
Operating Income	66.66	61.55	(7.7 %)
Net Income	69.16	62.48	(9.7 %)
Average Shares	71.17	71.17	0.0 %
EPS (Riyals)	0.97	0.88	(9.7 %)

Item	Q1 2022	Q2 2022	Change‬
Revenues	248.30	231.25	(6.9 %)
Gross Income	86.88	91.57	5.4 %
Operating Income	57.45	61.55	7.1 %
Net Income	60.27	62.48	3.7 %
Average Shares	71.17	71.17	-
EPS (Riyals)	0.85	0.88	3.7 %

Compared to the previous quarter, net profit rose 3.7% from SAR 60.27 million, driven by better revenue and increased long-term rentals.

Total shareholders’ equity, after minority interest, rose to SAR 1.628 billion as of June 30, 2022, from SAR 1.543 billion a year earlier.

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Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2013	157.37	15.0 %	26.32	(1.3 %)	8.91	(8.7 %)
Q2 2013	163.17	12.9 %	24.88	(6.6 %)	11.45	22.3 %
Q3 2013	168.68	14.4 %	28.21	38.9 %	13.02	287.2 %
Q4 2013	179.54	17.1 %	35.68	75.0 %	18.42	864.3 %
2013	668.76	14.9 %	115.08	22.4 %	51.80	112.4 %
Q1 2014	177.94	13.1 %	29.57	12.4 %	12.80	43.7 %
Q2 2014	190.20	16.6 %	31.20	25.4 %	13.65	19.2 %
Q3 2014	189.94	12.6 %	27.09	(4.0 %)	11.25	(13.6 %)
Q4 2014	199.02	10.9 %	31.12	(12.8 %)	14.98	(18.7 %)
2014	757.10	13.2 %	118.98	3.4 %	52.68	1.7 %
Q1 2015	208.71	17.3 %	33.45	13.1 %	16.65	30.2 %
Q2 2015	217.16	14.2 %	34.03	9.1 %	15.78	15.6 %
Q3 2015	221.67	16.7 %	36.61	35.2 %	18.49	64.4 %
Q4 2015	228.03	14.6 %	36.42	17.0 %	13.79	(7.9 %)
2015	875.57	15.6 %	140.50	18.1 %	64.71	22.8 %
Q1 2016	300.32	43.9 %	73.91	121.0 %	55.70	234.5 %
Q2 2016	296.04	36.3 %	69.79	105.1 %	49.11	211.2 %
Q3 2016	297.13	34.0 %	68.31	86.6 %	47.03	154.4 %
Q4 2016	289.03	26.7 %	67.03	84.1 %	41.43	200.4 %
2016	1,182.51	35.1 %	279.05	98.6 %	193.27	198.7 %
Q1 2017	298.91	(0.5 %)	66.05	(10.6 %)	46.70	(16.2 %)
Q2 2017	281.42	(4.9 %)	63.91	(8.4 %)	44.23	(9.9 %)
Q3 2017	282.99	(4.8 %)	64.84	(5.1 %)	45.52	(3.2 %)
Q4 2017	309.84	7.2 %	67.81	1.2 %	41.55	0.3 %
2017	1,173.16	(0.8 %)	262.60	(5.9 %)	178.00	(7.9 %)
Q1 2018	270.23	(9.6 %)	64.89	(1.8 %)	42.59	(8.8 %)
Q2 2018	250.68	(10.9 %)	63.75	(0.2 %)	42.66	(3.5 %)
Q3 2018	261.97	(7.4 %)	71.19	9.8 %	46.51	2.2 %
Q4 2018	258.09	(16.7 %)	75.26	11.0 %	47.03	13.2 %
2018	1,040.97	(11.3 %)	275.08	4.8 %	178.78	0.4 %
Q1 2019	259.41	(4.0 %)	71.54	10.3 %	43.40	1.9 %
Q2 2019	254.47	1.5 %	73.68	15.6 %	45.87	7.5 %
Q3 2019	255.64	(2.4 %)	77.21	8.5 %	48.63	4.6 %
Q4 2019	273.97	6.2 %	74.93	(0.4 %)	49.74	5.8 %
2019	1,043.49	0.2 %	297.36	8.1 %	187.63	4.9 %
Q1 2020	276.67	6.7 %	81.70	14.2 %	47.53	9.5 %
Q2 2020	187.66	(26.3 %)	45.80	(37.8 %)	23.79	(48.1 %)
Q3 2020	227.65	(10.9 %)	64.65	(16.3 %)	41.04	(15.6 %)
Q4 2020	272.87	(0.4 %)	108.41	44.7 %	84.42	69.7 %
2020	964.86	(7.5 %)	300.57	1.1 %	196.78	4.9 %
Q1 2021	237.03	(14.3 %)	73.39	(10.2 %)	45.51	(4.2 %)
Q2 2021	232.38	23.8 %	91.66	100.1 %	66.66	180.2 %
Q3 2021	250.83	10.2 %	82.14	27.0 %	47.98	16.9 %
Q4 2021	267.90	(1.8 %)	86.33	(20.4 %)	49.83	(41.0 %)
2021	988.13	2.4 %	333.52	11.0 %	209.98	6.7 %
Q1 2022	248.30	4.8 %	86.88	18.4 %	57.45	26.2 %
Q2 2022	231.25	(0.5 %)	91.57	(0.1 %)	61.55	(7.7 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2012	582.21	14.6 %	94.01	6.0 %	24.39	(33.2 %)
2013	668.76	14.9 %	115.08	22.4 %	51.80	112.4 %
2014	757.10	13.2 %	118.98	3.4 %	52.68	1.7 %
2015	875.57	15.6 %	140.50	18.1 %	64.71	22.8 %
2016	1,182.51	35.1 %	279.05	98.6 %	193.27	198.7 %
2017	1,173.16	(0.8 %)	262.60	(5.9 %)	178.00	(7.9 %)
2018	1,040.97	(11.3 %)	275.08	4.8 %	178.78	0.4 %
2019	1,043.49	0.2 %	297.36	8.1 %	187.63	4.9 %
2020	964.86	(7.5 %)	300.57	1.1 %	196.78	4.9 %
2021	988.13	2.4 %	333.52	11.0 %	209.98	6.7 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2013	36.16	26.8 %	0.51	-	36.16	0.51
Q2 2013	38.07	25.6 %	0.53	-	38.07	0.53
Q3 2013	38.47	22.8 %	0.54	-	38.47	0.54
Q4 2013	37.51	5.3 %	0.53	-	37.51	0.53
2013	150.21	19.4 %	2.11	-	150.21	2.11
Q1 2014	39.87	10.3 %	0.56	-	39.87	0.56
Q2 2014	42.26	11.0 %	0.59	-	42.26	0.59
Q3 2014	44.23	15.0 %	0.62	-	44.23	0.62
Q4 2014	44.69	19.2 %	0.63	-	44.69	0.63
2014	171.05	13.9 %	2.40	-	171.05	2.40
Q1 2015	44.80	12.3 %	0.63	-	44.80	0.63
Q2 2015	45.62	8.0 %	0.64	-	45.62	0.64
Q3 2015	48.73	10.2 %	0.68	-	48.73	0.68
Q4 2015	49.62	11.0 %	0.70	-	49.62	0.70
2015	188.77	10.4 %	2.65	-	188.77	2.65
Q1 2016	48.80	8.9 %	0.69	(6.62)	55.42	0.78
Q2 2016	46.20	1.3 %	0.65	-	46.20	0.65
Q3 2016	42.92	(11.9 %)	0.60	-	42.92	0.60
Q4 2016	32.21	(35.1 %)	0.45	-	32.21	0.45
2016	170.14	(9.9 %)	2.39	(6.62)	176.75	2.48
Q1 2017	42.48	(13.0 %)	0.60	-	42.48	0.60
Q2 2017	42.66	(7.7 %)	0.60	-	42.66	0.60
Q3 2017	42.81	(0.3 %)	0.60	-	42.81	0.60
Q4 2017	21.57	(33.0 %)	0.30	(14.95)	36.52	0.51
2017	149.51	(12.1 %)	2.10	(14.95)	164.46	2.31
Q1 2018	39.59	(6.8 %)	0.56	-	39.59	0.56
Q2 2018	40.83	(4.3 %)	0.57	-	40.83	0.57
Q3 2018	43.11	0.7 %	0.61	-	43.11	0.61
Q4 2018	46.45	115.3 %	0.65	-	46.45	0.65
2018	169.99	13.7 %	2.39	-	169.99	2.39
Q1 2019	41.60	5.1 %	0.58	-	41.60	0.58
Q2 2019	43.48	6.5 %	0.61	-	43.48	0.61
Q3 2019	45.24	4.9 %	0.64	-	45.24	0.64
Q4 2019	48.30	4.0 %	0.68	-	48.30	0.68
2019	178.62	5.1 %	2.51	-	178.62	2.51
Q1 2020	45.46	9.3 %	0.64	-	45.46	0.64
Q2 2020	22.58	(48.1 %)	0.32	-	22.58	0.32
Q3 2020	40.45	(10.6 %)	0.57	-	40.45	0.57
Q4 2020	93.96	94.5 %	1.32	-	93.96	1.32
2020	202.45	13.3 %	2.84	-	202.45	2.84
Q1 2021	48.32	6.3 %	0.68	-	48.32	0.68
Q2 2021	69.16	206.3 %	0.97	-	69.16	0.97
Q3 2021	50.12	23.9 %	0.70	-	50.12	0.70
Q4 2021	52.32	(44.3 %)	0.74	-	52.32	0.74
2021	219.91	8.6 %	3.09	-	219.91	3.09
Q1 2022	60.27	24.7 %	0.85	-	60.27	0.85
Q2 2022	62.48	(9.7 %)	0.88	-	62.48	0.88

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2012	125.78	24.9 %	1.77	-	125.78	1.77
2013	150.21	19.4 %	2.11	-	150.21	2.11
2014	171.05	13.9 %	2.40	-	171.05	2.40
2015	188.77	10.4 %	2.65	-	188.77	2.65
2016	170.14	(9.9 %)	2.39	(6.62)	176.75	2.48
2017	149.51	(12.1 %)	2.10	(14.95)	164.46	2.31
2018	169.99	13.7 %	2.39	-	169.99	2.39
2019	178.62	5.1 %	2.51	-	178.62	2.51
2020	202.45	13.3 %	2.84	-	202.45	2.84
2021	219.91	8.6 %	3.09	-	219.91	3.09

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2013	15.54 %	61.88 %	22.14 %
Q2 2013	14.79 %	62.34 %	22.72 %
Q3 2013	15.53 %	63.14 %	23.08 %
Q4 2013	17.21 %	65.14 %	22.46 %
2013	17.21 %	65.14 %	22.46 %
Q1 2014	17.17 %	65.89 %	22.33 %
Q2 2014	17.40 %	65.96 %	22.07 %
Q3 2014	16.75 %	64.56 %	22.22 %
Q4 2014	15.72 %	66.14 %	22.59 %
2014	15.72 %	66.14 %	22.59 %
Q1 2015	15.59 %	66.36 %	22.34 %
Q2 2015	15.42 %	67.66 %	22.01 %
Q3 2015	15.97 %	70.66 %	21.72 %
Q4 2015	16.05 %	65.94 %	21.56 %
2015	16.05 %	65.94 %	21.56 %
Q1 2016	18.71 %	64.49 %	20.62 %
Q2 2016	20.72 %	61.96 %	19.12 %
Q3 2016	22.15 %	59.33 %	17.31 %
Q4 2016	23.60 %	60.38 %	14.95 %
2016	23.60 %	60.38 %	14.95 %
Q1 2017	22.96 %	59.25 %	13.87 %
Q2 2017	22.74 %	58.78 %	13.74 %
Q3 2017	22.72 %	58.14 %	13.90 %
Q4 2017	22.38 %	56.33 %	14.02 %
2017	22.38 %	56.33 %	14.02 %
Q1 2018	22.84 %	56.58 %	14.12 %
Q2 2018	23.46 %	57.34 %	14.34 %
Q3 2018	24.49 %	58.08 %	14.65 %
Q4 2018	26.43 %	60.78 %	16.33 %
2018	26.43 %	60.78 %	16.33 %
Q1 2019	27.35 %	61.54 %	16.70 %
Q2 2019	28.21 %	61.64 %	16.89 %
Q3 2019	28.97 %	62.25 %	17.20 %
Q4 2019	28.50 %	62.13 %	17.12 %
2019	28.50 %	62.13 %	17.12 %
Q1 2020	28.99 %	61.74 %	17.20 %
Q2 2020	28.13 %	62.83 %	16.26 %
Q3 2020	27.65 %	62.86 %	16.23 %
Q4 2020	31.15 %	49.01 %	20.98 %
2020	31.15 %	49.01 %	20.98 %
Q1 2021	31.59 %	44.43 %	22.19 %
Q2 2021	34.86 %	41.04 %	25.97 %
Q3 2021	35.81 %	36.03 %	26.34 %
Q4 2021	33.75 %	43.91 %	22.26 %
2021	33.75 %	43.91 %	22.26 %
Q1 2022	34.72 %	44.41 %	23.20 %
Q2 2022	34.75 %	44.24 %	22.56 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2012	16.15 %	61.68 %	21.60 %
2013	17.21 %	65.14 %	22.46 %
2014	15.72 %	66.14 %	22.59 %
2015	16.05 %	65.94 %	21.56 %
2016	23.60 %	60.38 %	14.95 %
2017	22.38 %	56.33 %	14.02 %
2018	26.43 %	60.78 %	16.33 %
2019	28.50 %	62.13 %	17.12 %
2020	31.15 %	49.01 %	20.98 %
2021	33.75 %	43.91 %	22.26 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2013	16.72 %	62.36 %	22.98 %
Q2 2013	15.25 %	64.98 %	23.33 %
Q3 2013	16.72 %	65.64 %	22.81 %
Q4 2013	19.87 %	67.27 %	20.89 %
Q1 2014	16.62 %	65.58 %	22.41 %
Q2 2014	16.40 %	65.39 %	22.22 %
Q3 2014	14.26 %	60.23 %	23.29 %
Q4 2014	15.64 %	73.01 %	22.46 %
Q1 2015	16.03 %	66.49 %	21.46 %
Q2 2015	15.67 %	70.37 %	21.01 %
Q3 2015	16.52 %	72.76 %	21.98 %
Q4 2015	15.97 %	54.60 %	21.76 %
Q1 2016	24.61 %	61.63 %	18.45 %
Q2 2016	23.58 %	59.89 %	15.61 %
Q3 2016	22.99 %	60.09 %	14.45 %
Q4 2016	23.19 %	59.86 %	11.14 %
Q1 2017	22.10 %	57.19 %	14.21 %
Q2 2017	22.71 %	57.96 %	15.16 %
Q3 2017	22.91 %	57.58 %	15.13 %
Q4 2017	21.88 %	52.88 %	11.79 %
Q1 2018	24.01 %	58.33 %	14.65 %
Q2 2018	25.43 %	61.53 %	16.29 %
Q3 2018	27.18 %	60.67 %	16.46 %
Q4 2018	29.16 %	62.71 %	18.00 %
Q1 2019	27.58 %	61.24 %	16.04 %
Q2 2019	28.96 %	61.95 %	17.09 %
Q3 2019	30.20 %	63.12 %	17.70 %
Q4 2019	27.35 %	62.22 %	17.63 %
Q1 2020	29.53 %	59.81 %	16.43 %
Q2 2020	24.41 %	67.78 %	12.03 %
Q3 2020	28.40 %	63.28 %	17.77 %
Q4 2020	39.73 %	13.27 %	34.43 %
Q1 2021	30.96 %	43.73 %	20.39 %
Q2 2021	39.45 %	49.14 %	29.76 %
Q3 2021	32.75 %	41.39 %	19.98 %
Q4 2021	32.22 %	41.89 %	19.53 %
Q1 2022	34.99 %	45.76 %	24.27 %
Q2 2022	39.60 %	48.45 %	27.02 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2013	71.17	1.87	1.87	8.84
Q2 2013	71.17	1.98	1.98	8.65
Q3 2013	71.17	2.08	2.08	9.18
Q4 2013	71.17	2.11	2.11	9.67
Q1 2014	71.17	2.16	2.16	10.22
Q2 2014	71.17	2.22	2.22	9.85
Q3 2014	71.17	2.30	2.30	10.46
Q4 2014	71.17	2.40	2.40	11.05
Q1 2015	71.17	2.47	2.47	11.67
Q2 2015	71.17	2.52	2.52	11.34
Q3 2015	71.17	2.58	2.58	12.01
Q4 2015	71.17	2.65	2.65	12.67
Q1 2016	71.17	2.71	2.80	13.35
Q2 2016	71.17	2.72	2.81	12.93
Q3 2016	71.17	2.64	2.73	13.53
Q4 2016	71.17	2.39	2.48	13.99
Q1 2017	71.17	2.30	2.30	14.58
Q2 2017	71.17	2.25	2.25	14.11
Q3 2017	71.17	2.25	2.25	14.71
Q4 2017	71.17	2.10	2.31	15.04
Q1 2018	71.17	2.06	2.27	15.60
Q2 2018	71.17	2.03	2.24	14.67
Q3 2018	71.17	2.04	2.25	15.28
Q4 2018	71.17	2.39	2.39	15.83
Q1 2019	71.17	2.42	2.42	16.41
Q2 2019	71.17	2.45	2.45	15.52
Q3 2019	71.17	2.48	2.48	16.16
Q4 2019	71.17	2.51	2.51	16.30
Q1 2020	71.17	2.56	2.56	16.93
Q2 2020	71.17	2.27	2.27	16.75
Q3 2020	71.17	2.20	2.20	16.82
Q4 2020	71.17	2.84	2.84	21.29
Q1 2021	71.17	2.88	2.88	21.97
Q2 2021	71.17	3.54	3.54	21.69
Q3 2021	71.17	3.68	3.68	21.79
Q4 2021	71.17	3.09	3.09	22.46
Q1 2022	71.17	3.26	3.26	23.31
Q2 2022	71.17	3.16	3.16	22.89

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2012	71.17	1.77	1.77	8.34
2013	71.17	2.11	2.11	9.67
2014	71.17	2.40	2.40	11.05
2015	71.17	2.65	2.65	12.67
2016	71.17	2.39	2.48	13.99
2017	71.17	2.10	2.31	15.04
2018	71.17	2.39	2.39	15.83
2019	71.17	2.51	2.51	16.30
2020	71.17	2.84	2.84	21.29
2021	71.17	3.09	3.09	22.46

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2013	12.76	12.76	2.71
Q2 2013	13.47	13.47	3.09
Q3 2013	16.25	16.25	3.69
Q4 2013	15.94	15.94	3.48
Q1 2014	22.11	22.11	4.68
Q2 2014	20.28	20.28	4.58
Q3 2014	21.61	21.61	4.76
Q4 2014	18.20	18.20	3.96
Q1 2015	17.63	17.63	3.73
Q2 2015	18.31	18.31	4.07
Q3 2015	13.76	13.76	2.96
Q4 2015	12.74	12.74	2.67
Q1 2016	10.80	10.44	2.19
Q2 2016	11.99	11.59	2.52
Q3 2016	9.64	9.31	1.88
Q4 2016	13.28	12.78	2.27
Q1 2017	11.82	11.82	1.86
Q2 2017	10.05	10.05	1.60
Q3 2017	11.42	11.42	1.75
Q4 2017	14.22	12.93	1.99
Q1 2018	20.21	18.34	2.67
Q2 2018	19.25	17.44	2.67
Q3 2018	14.71	13.33	1.96
Q4 2018	12.12	12.12	1.83
Q1 2019	14.75	14.75	2.17
Q2 2019	14.68	14.68	2.32
Q3 2019	15.57	15.57	2.39
Q4 2019	15.97	15.97	2.46
Q1 2020	11.70	11.70	1.77
Q2 2020	14.76	14.76	2.00
Q3 2020	16.95	16.95	2.22
Q4 2020	14.67	14.67	1.96
Q1 2021	16.71	16.71	2.20
Q2 2021	14.00	14.00	2.28
Q3 2021	14.84	14.84	2.50
Q4 2021	16.55	16.55	2.28
Q1 2022	17.43	17.43	2.44
Q2 2022	15.62	15.62	2.16

Period	P/E	Adjusted P/E	Price/book
2012	11.25	11.25	2.38
2013	15.94	15.94	3.48
2014	18.20	18.20	3.96
2015	12.74	12.74	2.67
2016	13.28	12.78	2.27
2017	14.22	12.93	1.99
2018	12.12	12.12	1.83
2019	15.97	15.97	2.46
2020	14.67	14.67	1.96
2021	16.55	16.55	2.28

Business Segments (Million)

Compared With The

Period	Leasing sector.	Rental sector	Used car sales
Q1 2014	80.88	97.07	-
Q2 2014	90.54	99.66	-
Q3 2014	84.86	105.07	-
Q4 2014	156.67	42.35	-
Q1 2015	116.78	91.91	-
Q2 2015	123.45	93.73	-
Q3 2015	126.59	95.08	-
Q4 2015	128.02	100.01	-
Q1 2016	130.49	88.19	81.64
Q2 2016	135.88	81.70	78.46
Q3 2016	139.04	77.08	81.01
Q4 2016	141.22	74.31	73.50
Q1 2017	140.53	63.24	95.13
Q2 2017	139.06	56.04	86.31
Q3 2017	141.47	62.32	79.20
Q4 2017	134.84	67.55	107.46
Q1 2018	139.47	52.66	78.10
Q2 2018	139.89	53.90	56.90
Q3 2018	135.38	56.66	69.93
Q4 2018	131.83	67.89	58.37
Q1 2019	131.48	65.44	62.50
Q2 2019	126.90	65.28	62.29
Q3 2019	137.10	57.67	60.87
Q4 2019	113.92	85.09	74.97
Q1 2020	124.13	66.66	85.89
Q2 2020	125.51	26.95	35.21
Q3 2020	122.30	42.29	63.07
Q1 2021	114.72	42.30	80.00
Q2 2021	115.50	41.72	75.15
Q3 2021	112.76	47.32	90.76
Q4 2021	112.98	58.98	95.94
Q1 2022	117.12	57.47	73.71
Q2 2022	121.55	57.48	52.22

Period	Leasing sector.	Rental sector	Used car sales
2012	290.09	292.13	-
2013	347.84	320.92	-
2014	412.95	344.15	-
2015	494.84	380.73	-
2016	546.62	321.28	314.61
2017	555.90	249.15	368.10
2018	546.56	231.11	263.30
2019	509.40	273.47	260.63
2020	486.46	171.85	306.55
2021	455.96	190.32	341.85

Analysts Estimates (Million)

Item	Q2 2022 (e)	Q2 2022 (a)	Change‬
Average	62.45	62.48	0.06 %

Estimates vs Actual (Million)

Item	Q2 2022 (e)	Q2 2022 (a)	Change
OSOOL AND BAKHEET	63.59	62.48	(1.7) %
AlJazira Capital	61.30	62.48	1.9 %

Financial Ratios

	Current
Market Cap (M Riyal)	5,800.21
Enterprise Value (EV) (M)	7,276.51
Shares Outstanding ((M))	78.17
EPS ( Riyal) (TTM)	3.73
Book Value (BV) ( Riyal)	33.15
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	20.81
P/E (TTM)	20.81
Price/book	2.24
Return on Average Assets (%) (TTM)	7.2
Return on Average Equity (%) (TTM)	12.7

United International Transportation Co. (BUDGET SAUDI)

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Budget Saudi posts 5% rise in H1 2022 net profit to SAR 122.8 mln; Q2 down 10% to SAR 62.5 mln

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Budget Saudi posts 5% rise in H1 2022 net profit to SAR 122.8 mln; Q2 down 10% to SAR 62.5 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) Q2 2022

Revenue by Business Segment (Latest) 2022 Q2

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

United International Transportation Co. (BUDGET SAUDI)

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Business Segments (Million)