Budget Saudi H1 2024 profit slightly rises to SAR 140.9M; Q2 at SAR 70.9M

01/08/2024 Argaam Exclusive

View other reports

United International Transportation Co. (Budget Saudi) reported a net profit of SAR 140.9 million in H1 2024, slightly higher from SAR 139.6 million in the year-earlier period.

Financials (M)

Item	6m 2023	6m 2024	Change‬
Revenues	639.26	841.95	31.7 %
Gross Income	216.95	248.71	14.6 %
Operating Income	147.02	141.82	(3.5 %)
Net Income	139.60	140.93	1.0 %
Average Shares	71.17	74.67	4.9 %
EPS (Riyals)	1.96	1.89	(3.8 %)

The revenue increase of SAR 203 million in H1 2024 was primarily due to higher short-term and long-term rental revenues resulting from an expanded fleet with stable utilization rates. Additionally, this quarter's revenue includes approximately SAR 20 million from the recently acquired Overseas Development Co., in which the group now holds a 70% stake. This revenue stream was not present in the same period of 2023.

This was despite the general and administrative expenses related to the acquisition and certain one-time expenses at approximately SAR 8.5 million, increased salary costs from mandated higher minimum wages, and losses of SAR 2.5 million from the Overseas Development Co. The logistics company is expected to turn around by the end of the year or early next year.

The company reported a net profit of SAR 70.9 million in Q2 2024, slightly lower from SAR 70.8 million a year earlier, due to general and administrative expenses related to the acquisition and certain one-time expenses at nearly SAR 3.5 million.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2023	Q2 2024	Change‬
Revenues	340.55	425.07	24.8 %
Gross Income	112.94	119.69	6.0 %
Operating Income	76.57	70.80	(7.5 %)
Net Income	70.28	70.87	0.8 %
Average Shares	71.17	74.67	4.9 %
EPS (Riyals)	0.99	0.95	(3.9 %)

Item	Q1 2024	Q2 2024	Change‬
Revenues	416.87	425.07	2.0 %
Gross Income	129.02	119.69	(7.2 %)
Operating Income	71.03	70.80	(0.3 %)
Net Income	70.06	70.87	1.2 %
Average Shares	74.67	74.67	-
EPS (Riyals)	0.94	0.95	1.2 %

Sequentially, Q2 2024 net profit grew 1.2% from SAR 70.87 million in Q1 2024.

Total shareholders’ equity, no minority interest, stood at SAR 1.97 billion as of June 30, 2024, compared to SAR 1.75 billion a year earlier.

View more financial results

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
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 %)
Q3 2022	295.40	17.8 %	94.14	14.6 %	62.03	29.3 %
Q4 2022	250.22	(6.6 %)	85.77	(0.6 %)	55.84	12.0 %
2022	1,025.16	3.7 %	358.35	7.4 %	236.87	12.8 %
Q1 2023	298.71	20.3 %	104.01	19.7 %	70.45	22.6 %
Q2 2023	340.55	47.3 %	112.94	23.3 %	76.57	24.4 %
Q3 2023	369.07	24.9 %	110.61	17.5 %	73.09	17.8 %
Q4 2023	369.81	47.8 %	119.08	38.8 %	66.97	19.9 %
2023	1,378.14	34.4 %	446.64	24.6 %	287.07	21.2 %
Q1 2024	416.87	39.6 %	129.02	24.0 %	71.03	0.8 %
Q2 2024	425.07	24.8 %	119.69	6.0 %	70.80	(7.5 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
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 %
2022	1,025.16	3.7 %	358.35	7.4 %	236.87	12.8 %
2023	1,378.14	34.4 %	446.64	24.6 %	287.07	21.2 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
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
Q3 2022	64.17	28.0 %	0.90	-	64.17	0.90
Q4 2022	65.09	24.4 %	0.91	-	65.09	0.91
2022	252.01	14.6 %	3.54	-	252.01	3.54
Q1 2023	69.32	15.0 %	0.97	-	69.32	0.97
Q2 2023	70.28	12.5 %	0.99	-	70.28	0.99
Q3 2023	71.50	11.4 %	1.00	-	71.50	1.00
Q4 2023	66.13	1.6 %	0.93	-	66.13	0.93
2023	277.23	10.0 %	3.90	-	277.23	3.90
Q1 2024	70.06	1.1 %	0.94	-	70.06	0.94
Q2 2024	70.87	0.8 %	0.95	-	70.87	0.95

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
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
2022	252.01	14.6 %	3.54	-	252.01	3.54
2023	277.23	10.0 %	3.90	-	277.23	3.90

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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 %
Q3 2022	34.42 %	45.98 %	22.94 %
Q4 2022	34.96 %	48.81 %	24.58 %
2022	34.96 %	48.81 %	24.58 %
Q1 2023	34.91 %	49.14 %	24.27 %
Q2 2023	33.49 %	48.35 %	22.69 %
Q3 2023	32.84 %	46.72 %	21.95 %
Q4 2023	32.41 %	44.08 %	20.12 %
2023	32.41 %	44.08 %	20.12 %
Q1 2024	31.52 %	41.75 %	18.58 %
Q2 2024	30.26 %	39.87 %	17.62 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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 %
2022	34.96 %	48.81 %	24.58 %
2023	32.41 %	44.08 %	20.12 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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 %
Q3 2022	31.87 %	47.94 %	21.72 %
Q4 2022	34.28 %	53.21 %	26.01 %
Q1 2023	34.82 %	47.43 %	23.21 %
Q2 2023	33.16 %	45.93 %	20.64 %
Q3 2023	29.97 %	42.48 %	19.37 %
Q4 2023	32.20 %	41.27 %	17.88 %
Q1 2024	30.95 %	38.12 %	16.80 %
Q2 2024	28.16 %	38.11 %	16.67 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
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
Q3 2022	71.17	3.36	3.36	23.29
Q4 2022	71.17	3.54	3.54	24.23
Q1 2023	71.17	3.67	3.67	25.21
Q2 2023	71.17	3.78	3.78	24.69
Q3 2023	71.17	3.88	3.88	25.20
Q4 2023	71.17	3.90	3.90	26.14
Q1 2024	74.67	3.72	3.72	27.13
Q2 2024	74.67	3.73	3.73	27.12

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
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
2022	71.17	3.54	3.54	24.23
2023	71.17	3.90	3.90	26.14

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
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
Q3 2022	14.38	14.38	2.08
Q4 2022	14.16	14.16	2.07
Q1 2023	17.43	17.43	2.54
Q2 2023	21.34	21.34	3.26
Q3 2023	19.50	19.50	3.00
Q4 2023	22.28	22.28	3.32
Q1 2024	24.41	24.41	3.51
Q2 2024	23.99	23.99	3.46

Period	P/E	Adjusted P/E	Price/book
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
2022	14.16	14.16	2.07
2023	22.28	22.28	3.32

Business Segments (Million)

Compared With The

Period	Leasing sector.	Rental sector	Used car sales	Other
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	-
Q3 2022	123.90	72.59	98.91	-
Q4 2022	133.61	72.52	44.10	-
Q1 2023	137.79	84.08	76.84	-
Q2 2023	142.00	85.40	113.15	-
Q3 2023	149.30	102.17	117.60	-
Q4 2023	152.60	109.35	103.88	-
Q1 2024	163.73	106.29	128.59	18.27
Q2 2024	168.54	105.83	123.13	27.58

Period	Leasing sector.	Rental sector	Used car sales	Other
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	-
2022	496.17	260.06	268.93	-
2023	581.68	381.01	411.47	3.98

Analysts Estimates (Million)

Item	Q2 2024 (e)	Q2 2024 (a)	Change‬
Average	68.97	70.87	2.76 %

Estimates vs Actual (Million)

Item	Q2 2024 (e)	Q2 2024 (a)	Change
GIB Capital	71.00	70.87	(0.2) %
Al Rajhi Capital	70.00	70.87	1.2 %
AlJazira Capital	71.80	70.87	(1.3) %
OSOOL AND BAKHEET	67.52	70.87	5.0 %
United Securities Company	67.00	70.87	5.8 %
SNB Capital	66.50	70.87	6.6 %

Financial Ratios

	Current
Market Cap (M Riyal)	5,784.58
Enterprise Value (EV) (M)	7,260.87
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)	20.75
P/E (TTM)	20.75
Price/book	2.23
Return on Average Assets (%) (TTM)	7.2
Return on Average Equity (%) (TTM)	12.7

United International Transportation Co. (BUDGET SAUDI)

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

Sorry: the validity period has ended to comment on this news

Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Budget Saudi H1 2024 profit slightly rises to SAR 140.9M; Q2 at SAR 70.9M

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)

Revenue by Business Segment (Latest) 2024 Q2

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

United International Transportation Co. (BUDGET SAUDI)

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

×

Budget Saudi H1 2024 profit slightly rises to SAR 140.9M; Q2 at SAR 70.9M

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) 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

United International Transportation Co. (BUDGET SAUDI)

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

Business Segments (Million)