Savola profit jumps 21% to SAR 899.2M in 2023; Q4 at SAR 227.1M

07/02/2024 Argaam Exclusive

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Savola Group reported a net profit rise of 21% to SAR 899.2 million in 2023 from SAR 742.8 million in 2022.

Financials (M)

Item	2022	2023	Change‬
Revenues	28,054.70	26,818.30	(4.4 %)
Gross Income	4,874.08	5,443.30	11.7 %
Operating Income	1,667.90	2,331.50	39.8 %
Net Income	742.75	899.19	21.1 %
Average Shares	533.98	533.98	-
EPS (Riyals)	1.39	1.68	21.1 %

The annual growth was propelled by an increase in the gross profit of the food processing, retail and frozen foods segments, and Savola’s higher profit share from associates.

The edible oil producer reported a net impairment reversal of SAR 111.9 million in Q4 2023 for certain non-current assets mainly in the foods processing and retail segments.

It also recorded a refund of customs duties from the Zakat, Tax and Customs Authority (ZATCA), which implies a net impact of SAR 23.3 million.

On the other hand, revenue declined 4% year-on-year (YoY), mainly due to lower top line from the food processing segment and a drop in crude edible oil prices.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2022	Q4 2023	Change‬
Revenues	6,604.64	6,559.62	(0.7 %)
Gross Income	1,192.09	1,383.82	16.1 %
Operating Income	238.49	699.39	193.3 %
Net Income	94.47	227.05	140.3 %
Average Shares	533.98	533.98	-
EPS (Riyals)	0.18	0.43	140.3 %

Item	Q3 2023	Q4 2023	Change‬
Revenues	6,350.90	6,559.62	3.3 %
Gross Income	1,310.49	1,383.82	5.6 %
Operating Income	462.18	699.39	51.3 %
Net Income	147.36	227.05	54.1 %
Average Shares	533.98	533.98	-
EPS (Riyals)	0.28	0.43	54.1 %

Savola recorded a capital gain of SAR 18.7 million on disposal of investments/operations last year, which is lower than the capital gain of SAR 41.8 million in 2022. It also reported higher net finance cost, operating expenses as well as Zakat and income tax expenses

The fourth-quarter net earnings more than doubled year-on-year (YoY) to SAR 227.1 million from SAR 94.47 million in Q4 2022, thanks to higher gross profit of the foods processing, retail and frozen foods segments, lower operating expenses and higher profit share from associates.

Compared to Q3 2023, Savola’s net profit jumped 54.1% from SAR 147.36 million as revenue rose by 4% quarter-on-quarter (QoQ). The foods processing, retail and frozen foods segments reported an increase in gross profit. Additionally, Savola reported a higher profit share from associates and a decline in Zakat and income tax expenses.

Total shareholders’ equity, after minority interest, stood at SAR 8.44 billion as of Dec. 31, 2023, compared to SAR 8.25 billion in the prior-year period.

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Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
Q1 2014	6,240.84	(13.2 %)	1,092.94	(21.4 %)	423.26	43.4 %	0.79
Q2 2014	7,336.58	9.1 %	1,251.38	(1.0 %)	513.27	32.4 %	0.96
Q3 2014	6,150.04	(2.7 %)	1,150.73	(1.4 %)	701.43	53.4 %	1.31
Q4 2014	6,860.38	35.9 %	1,368.67	43.8 %	434.36	(23.0 %)	0.81
2014	26,587.84	5.2 %	4,863.72	1.9 %	2,072.32	21.6 %	3.88
Q1 2015	6,223.71	(0.3 %)	1,159.16	6.1 %	470.51	11.2 %	0.88
Q2 2015	7,036.49	(4.1 %)	1,353.24	8.1 %	434.37	(15.4 %)	0.81
Q3 2015	5,603.56	(8.9 %)	1,238.87	7.7 %	371.56	(47.0 %)	0.70
Q4 2015	6,261.83	(8.7 %)	1,274.13	(6.9 %)	515.32	18.6 %	0.97
2015	25,125.60	(5.5 %)	5,025.39	3.3 %	1,791.75	(13.5 %)	3.36
Q1 2016	6,421.75	3.2 %	1,273.15	9.8 %	119.38	(74.6 %)	0.22
Q2 2016	7,140.78	1.5 %	1,332.79	(1.5 %)	253.52	(41.6 %)	0.47
Q3 2016	6,154.31	9.8 %	1,182.55	(4.5 %)	179.51	(51.7 %)	0.34
Q4 2016	6,613.95	5.6 %	864.48	(32.2 %)	(915.70)	(277.7 %)	(1.71)
2016	26,330.80	4.8 %	4,652.96	(7.4 %)	(363.29)	(120.3 %)	(0.68)
Q1 2017	5,786.91	(9.9 %)	1,040.13	(18.3 %)	4.78	(96.0 %)	0.01
Q2 2017	6,653.26	(6.8 %)	1,140.04	(14.5 %)	229.31	(9.5 %)	0.43
Q3 2017	5,595.78	(9.1 %)	1,053.79	(10.9 %)	829.04	361.8 %	1.55
Q4 2017	5,794.53	(12.4 %)	1,160.16	34.2 %	(37.51)	95.9 %	(0.07)
2017	23,830.48	(9.5 %)	4,394.12	(5.6 %)	1,025.62	382.3 %	1.92
Q1 2018	5,107.98	(11.7 %)	908.50	(12.7 %)	(84.32)	(1864.7 %)	(0.16)
Q2 2018	6,147.58	(7.6 %)	1,066.86	(6.4 %)	140.65	(38.7 %)	0.26
Q3 2018	5,212.03	(6.9 %)	932.00	(11.6 %)	(50.73)	(106.1 %)	(0.09)
Q4 2018	5,346.97	(7.7 %)	990.60	(14.6 %)	(525.99)	(1,302.2 %)	(0.99)
2018	21,814.56	(8.5 %)	3,897.96	(11.3 %)	(520.38)	(150.7 %)	(0.97)
Q1 2019	5,387.89	5.5 %	1,065.47	17.3 %	6.33	107.5 %	0.01
Q2 2019	5,812.70	(5.4 %)	1,163.16	9.0 %	110.23	(21.6 %)	0.21
Q3 2019	5,148.13	(1.2 %)	1,084.18	16.3 %	221.76	537.2 %	0.42
Q4 2019	5,231.73	(2.2 %)	1,191.50	20.3 %	137.31	126.1 %	0.26
2019	21,406.42	(1.9 %)	4,504.30	15.6 %	475.63	191.4 %	0.89
Q1 2020	5,922.88	9.9 %	1,223.00	14.8 %	172.76	2629.1 %	0.32
Q2 2020	6,007.08	3.3 %	1,278.68	9.9 %	409.58	271.6 %	0.77
Q3 2020	4,587.28	(10.9 %)	1,064.43	(1.8 %)	283.74	28.0 %	0.53
Q4 2020	5,184.71	(0.9 %)	1,074.27	(9.8 %)	44.73	(67.4 %)	0.08
2020	21,701.94	1.4 %	4,640.38	3.0 %	910.80	91.5 %	1.71
Q1 2021	5,953.57	0.5 %	1,211.63	(0.9 %)	153.83	(11.0 %)	0.29
Q2 2021	5,900.96	(1.8 %)	1,117.62	(12.6 %)	200.02	(51.2 %)	0.37
Q3 2021	6,048.46	31.9 %	1,023.66	(3.8 %)	122.40	(56.9 %)	0.23
Q4 2021	6,755.27	30.3 %	1,127.80	5.0 %	(254.36)	(668.7 %)	(0.48)
2021	24,669.16	13.7 %	4,478.71	(3.5 %)	221.88	(75.6 %)	0.42
Q1 2022	7,489.35	25.8 %	1,285.41	6.1 %	270.89	76.1 %	0.51
Q2 2022	6,888.31	16.7 %	1,247.66	11.6 %	213.75	6.9 %	0.40
Q3 2022	7,072.41	16.9 %	1,148.92	12.2 %	163.64	33.7 %	0.31
Q4 2022	6,604.64	(2.2 %)	1,192.09	5.7 %	94.47	137.1 %	0.18
2022	28,054.70	13.7 %	4,874.08	8.8 %	742.75	234.8 %	1.39
Q1 2023	7,814.49	4.3 %	1,502.03	16.9 %	392.75	45.0 %	0.74
Q2 2023	6,093.29	(11.5 %)	1,246.96	(0.1 %)	132.03	(38.2 %)	0.25
Q3 2023	6,350.90	(10.2 %)	1,310.49	14.1 %	147.36	(9.9 %)	0.28
Q4 2023	6,559.62	(0.7 %)	1,383.82	16.1 %	227.05	140.3 %	0.43
2023	26,818.30	(4.4 %)	5,443.30	11.7 %	899.19	21.1 %	1.68

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2014	26,587.84	5.2 %	4,863.72	1.9 %	2,072.32	21.6 %	3.88
2015	25,125.60	(5.5 %)	5,025.39	3.3 %	1,791.75	(13.5 %)	3.36
2016	26,330.80	4.8 %	4,652.96	(7.4 %)	(363.29)	(120.3 %)	(0.68)
2017	23,830.48	(9.5 %)	4,394.12	(5.6 %)	1,025.62	382.3 %	1.92
2018	21,814.56	(8.5 %)	3,897.96	(11.3 %)	(520.38)	(150.7 %)	(0.97)
2019	21,406.42	(1.9 %)	4,504.30	15.6 %	475.63	191.4 %	0.89
2020	21,701.94	1.4 %	4,640.38	3.0 %	910.80	91.5 %	1.71
2021	24,669.16	13.7 %	4,478.71	(3.5 %)	221.88	(75.6 %)	0.42
2022	28,054.70	13.7 %	4,874.08	8.8 %	742.75	234.8 %	1.39
2023	26,818.30	(4.4 %)	5,443.30	11.7 %	899.19	21.1 %	1.68

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	18.40 %	8.63 %	6.69 %
Q2 2014	17.89 %	8.17 %	6.88 %
Q3 2014	17.95 %	8.18 %	7.08 %
Q4 2014	18.29 %	7.92 %	7.07 %
2014	18.29 %	7.92 %	7.07 %
Q1 2015	18.55 %	7.64 %	6.42 %
Q2 2015	19.15 %	7.48 %	6.33 %
Q3 2015	19.90 %	7.24 %	5.96 %
Q4 2015	20.00 %	6.42 %	5.41 %
2015	20.00 %	6.42 %	5.41 %
Q1 2016	20.29 %	6.53 %	5.31 %
Q2 2016	20.13 %	6.32 %	4.74 %
Q3 2016	19.49 %	5.49 %	3.93 %
Q4 2016	17.67 %	4.04 %	1.47 %
2016	17.67 %	4.04 %	1.47 %
Q1 2017	17.20 %	3.34 %	0.58 %
Q2 2017	16.77 %	2.54 %	0.06 %
Q3 2017	16.63 %	2.63 %	(0.13 %)
Q4 2017	18.44 %	4.53 %	1.97 %
2017	18.44 %	4.52 %	1.97 %
Q1 2018	18.41 %	4.31 %	1.70 %
Q2 2018	18.50 %	4.33 %	1.65 %
Q3 2018	18.27 %	3.89 %	0.84 %
Q4 2018	17.87 %	3.05 %	(1.02 %)
2018	17.87 %	3.05 %	(1.02 %)
Q1 2019	18.35 %	4.18 %	(0.78 %)
Q2 2019	19.08 %	5.40 %	(0.97 %)
Q3 2019	19.84 %	7.10 %	0.19 %
Q4 2019	20.87 %	11.45 %	1.56 %
2019	21.04 %	8.74 %	1.58 %
Q1 2020	21.08 %	11.92 %	2.47 %
Q2 2020	21.41 %	12.70 %	3.83 %
Q3 2020	21.88 %	12.99 %	4.21 %
Q4 2020	21.38 %	9.58 %	4.10 %
2020	21.38 %	9.58 %	4.10 %
Q1 2021	21.30 %	9.36 %	4.01 %
Q2 2021	20.66 %	8.73 %	3.06 %
Q3 2021	19.18 %	7.81 %	2.26 %
Q4 2021	18.17 %	7.90 %	2.61 %
2021	18.16 %	7.89 %	2.61 %
Q1 2022	17.39 %	7.67 %	2.90 %
Q2 2022	17.23 %	7.57 %	2.85 %
Q3 2022	17.05 %	8.24 %	2.89 %
Q4 2022	17.37 %	8.34 %	2.27 %
2022	17.37 %	9.74 %	2.27 %
Q1 2023	17.94 %	8.97 %	2.52 %
Q2 2023	18.45 %	9.13 %	2.30 %
Q3 2023	19.55 %	9.63 %	2.30 %
Q4 2023	20.30 %	11.40 %	2.78 %
2023	20.30 %	12.88 %	2.78 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2014	18.29 %	7.92 %	7.07 %
2015	20.00 %	6.42 %	5.41 %
2016	17.67 %	4.04 %	1.47 %
2017	18.44 %	4.52 %	1.97 %
2018	17.87 %	3.05 %	(1.02 %)
2019	21.04 %	8.74 %	1.58 %
2020	21.38 %	9.58 %	4.10 %
2021	18.16 %	7.89 %	2.61 %
2022	17.37 %	9.74 %	2.27 %
2023	20.30 %	12.88 %	2.78 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	17.51 %	7.23 %	6.70 %
Q2 2014	17.06 %	7.52 %	6.51 %
Q3 2014	18.71 %	8.64 %	8.06 %
Q4 2014	19.95 %	8.31 %	7.12 %
Q1 2015	18.62 %	6.03 %	3.91 %
Q2 2015	19.23 %	6.93 %	6.18 %
Q3 2015	22.11 %	7.65 %	6.53 %
Q4 2015	20.35 %	5.14 %	5.05 %
Q1 2016	19.83 %	6.48 %	3.53 %
Q2 2016	18.66 %	6.18 %	4.14 %
Q3 2016	19.21 %	4.03 %	2.97 %
Q4 2016	13.07 %	(0.63 %)	(4.81 %)
Q1 2017	17.97 %	3.65 %	(0.19 %)
Q2 2017	17.14 %	3.34 %	2.42 %
Q3 2017	18.83 %	4.61 %	2.41 %
Q4 2017	20.02 %	6.69 %	3.18 %
Q1 2018	17.79 %	2.57 %	(1.71 %)
Q2 2018	17.35 %	3.30 %	2.29 %
Q3 2018	17.88 %	2.76 %	(0.97 %)
Q4 2018	18.53 %	3.49 %	(4.22 %)
Q1 2019	19.78 %	7.25 %	(0.68 %)
Q2 2019	20.01 %	7.82 %	1.77 %
Q3 2019	21.06 %	9.87 %	3.90 %
Q4 2019	22.77 %	21.34 %	1.35 %
Q1 2020	20.65 %	9.42 %	2.92 %
Q2 2020	21.29 %	10.85 %	6.82 %
Q3 2020	23.20 %	10.91 %	5.73 %
Q4 2020	20.72 %	7.11 %	0.86 %
Q1 2021	20.35 %	8.61 %	2.58 %
Q2 2021	18.94 %	8.57 %	3.39 %
Q3 2021	16.92 %	6.86 %	2.02 %
Q4 2021	16.70 %	7.60 %	2.48 %
Q1 2022	17.16 %	7.69 %	3.62 %
Q2 2022	18.11 %	8.04 %	3.10 %
Q3 2022	16.25 %	9.64 %	2.31 %
Q4 2022	18.05 %	7.97 %	(0.19 %)
Q1 2023	19.22 %	10.01 %	4.49 %
Q2 2023	20.46 %	8.65 %	2.17 %
Q3 2023	20.63 %	11.80 %	2.32 %
Q4 2023	21.10 %	15.22 %	1.75 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2014	533.98	3.43	3.05	18.56
Q2 2014	533.98	3.67	3.21	18.52
Q3 2014	533.98	4.12	3.29	19.36
Q4 2014	533.98	3.88	3.52	18.66
Q1 2015	533.98	3.97	3.19	18.92
Q2 2015	533.98	3.82	3.11	19.62
Q3 2015	533.98	3.20	2.87	19.24
Q4 2015	533.98	3.36	2.55	19.76
Q1 2016	533.98	2.70	2.52	18.43
Q2 2016	533.98	2.36	2.26	18.57
Q3 2016	533.98	2.00	1.91	18.50
Q4 2016	533.98	(0.68)	0.72	15.39
Q1 2017	533.98	(0.89)	0.28	15.39
Q2 2017	533.98	(0.94)	0.03	15.76
Q3 2017	533.98	0.28	(0.06)	17.22
Q4 2017	533.98	1.92	0.88	16.53
Q1 2018	533.98	1.75	0.74	16.08
Q2 2018	533.98	1.59	0.70	15.39
Q3 2018	533.98	(0.06)	0.35	14.30
Q4 2018	533.98	(0.97)	(0.42)	13.35
Q1 2019	533.98	(0.80)	(0.32)	13.37
Q2 2019	533.98	(0.86)	(0.39)	13.55
Q3 2019	533.98	(0.35)	0.08	13.96
Q4 2019	533.98	0.89	0.63	14.21
Q1 2020	533.98	1.20	1.02	14.25
Q2 2020	533.98	1.76	1.60	14.46
Q3 2020	533.98	1.88	1.71	15.29
Q4 2020	533.98	1.71	1.67	15.42
Q1 2021	533.98	1.67	1.63	15.93
Q2 2021	533.98	1.28	1.24	15.80
Q3 2021	533.98	0.98	0.98	15.78
Q4 2021	533.98	0.42	1.21	15.13
Q1 2022	533.98	0.63	1.42	15.31
Q2 2022	533.98	0.66	1.45	15.46
Q3 2022	533.98	0.74	1.53	15.73
Q4 2022	533.98	1.39	1.19	15.46
Q1 2023	533.98	1.62	1.34	15.90
Q2 2023	533.98	1.47	1.19	15.35
Q3 2023	533.98	1.44	1.16	15.56
Q4 2023	533.98	1.68	1.40	15.82

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2014	533.98	3.88	3.52	18.66
2015	533.98	3.36	2.55	19.76
2016	533.98	(0.68)	0.72	15.39
2017	533.98	1.92	0.88	16.53
2018	533.98	(0.97)	(0.42)	13.35
2019	533.98	0.89	0.63	14.21
2020	533.98	1.71	1.67	15.42
2021	533.98	0.42	1.21	15.13
2022	533.98	1.39	1.19	15.46
2023	533.98	1.68	1.40	15.82

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2014	19.60	22.08	3.62
Q2 2014	18.83	21.48	3.73
Q3 2014	20.17	25.31	4.30
Q4 2014	20.28	22.36	4.22
Q1 2015	17.22	21.41	3.61
Q2 2015	17.92	21.99	3.49
Q3 2015	18.10	20.20	3.01
Q4 2015	14.97	19.72	2.54
Q1 2016	15.48	16.59	2.27
Q2 2016	15.45	16.16	1.96
Q3 2016	15.94	16.67	1.72
Q4 2016	NEG	55.38	2.61
Q1 2017	NEG	More than 100	2.68
Q2 2017	NEG	More than 100	3.20
Q3 2017	More than 100	NEG	2.65
Q4 2017	20.56	44.87	2.39
Q1 2018	25.21	60.05	2.75
Q2 2018	23.46	53.37	2.42
Q3 2018	NEG	86.16	2.11
Q4 2018	NEG	NEG	2.01
Q1 2019	NEG	NEG	2.34
Q2 2019	NEG	NEG	2.40
Q3 2019	NEG	More than 100	2.21
Q4 2019	38.56	54.37	2.42
Q1 2020	29.69	34.88	2.51
Q2 2020	23.88	26.34	2.91
Q3 2020	25.54	28.00	3.14
Q4 2020	24.92	25.50	2.76
Q1 2021	23.53	24.10	2.47
Q2 2021	33.77	34.84	2.73
Q3 2021	38.44	38.44	2.38
Q4 2021	76.89	26.50	2.11
Q1 2022	57.42	25.58	2.38
Q2 2022	50.87	23.16	2.17
Q3 2022	38.43	18.56	1.80
Q4 2022	19.73	23.06	1.78
Q1 2023	17.26	20.85	1.76
Q2 2023	28.41	35.07	2.71
Q3 2023	25.11	31.16	2.32
Q4 2023	22.24	26.83	2.37

Period	P/E	Adjusted P/E	Price/book
2014	20.28	22.36	4.22
2015	14.97	19.72	2.54
2016	NEG	55.38	2.61
2017	20.56	44.87	2.39
2018	NEG	NEG	2.01
2019	38.56	54.37	2.42
2020	24.92	25.50	2.76
2021	76.89	26.50	2.11
2022	19.73	23.06	1.78
2023	22.24	26.83	2.37

Business Segments (Million)

Compared With The

Period	Food sector	Retail sector	Food services	Frozen food	Investments	Plastic	Manufacturing & Whole sale sector	Disposals
Q1 2014	3,463.82	2,818.18	-	-	16.37	-	-	(57.53)
Q2 2014	4,119.66	3,283.45	-	-	15.32	-	-	(81.85)
Q3 2014	3,336.91	2,868.20	-	-	15.33	-	-	(70.40)
Q4 2014	3,671.56	3,234.54	-	-	80.15	-	-	(125.88)
Q1 2015	3,086.66	3,192.49	-	-	14.69	-	-	(70.13)
Q2 2015	3,369.06	3,781.59	-	-	14.69	-	-	(128.85)
Q3 2015	2,553.93	3,091.95	-	-	14.69	-	-	(57.01)
Q4 2015	2,802.55	3,466.70	-	-	100.78	-	-	(108.20)
Q1 2016	2,924.81	3,271.22	283.55	-	13.75	-	-	(71.58)
Q2 2016	3,102.65	3,873.85	277.73	-	13.75	-	-	(127.20)
Q3 2016	2,717.25	3,174.73	315.17	-	13.75	-	-	(66.58)
Q4 2016	3,142.01	3,252.58	280.23	-	96.36	-	-	(157.23)
Q1 2017	2,954.09	2,674.10	275.01	-	11.54	-	-	(127.83)
Q2 2017	3,145.94	3,331.50	272.10	-	11.61	-	-	(107.89)
Q3 2017	2,698.83	2,653.43	311.72	-	11.61	-	-	(79.82)
Q4 2017	2,585.35	2,984.00	298.96	-	10.58	-	-	(84.36)
Q1 2018	2,571.71	2,377.14	286.30	-	11.41	-	-	(138.57)
Q3 2018	2,309.97	2,643.85	322.65	-	11.29	-	-	(75.71)
Q4 2018	2,160.94	2,866.52	325.20	94.11	12.94	-	-	(112.73)
Q1 2019	2,408.41	2,670.53	313.40	128.90	10.99	-	-	(144.35)
Q2 2019	2,349.92	2,867.97	309.30	181.73	10.35	-	-	(80.60)
Q3 2019	2,184.53	2,559.15	339.08	142.48	10.60	-	-	(87.71)
Q4 2019	2,266.36	2,562.11	326.52	166.94	11.66	-	-	(101.86)
Q1 2020	2,475.72	3,098.78	296.93	191.76	10.80	-	-	(151.10)
Q2 2020	2,229.61	3,463.04	170.10	211.24	8.48	-	-	(75.40)
Q3 2020	1,652.91	2,526.87	311.12	180.67	9.24	-	-	(93.53)
Q4 2020	2,285.32	2,524.62	297.94	153.13	7.55	-	-	(83.84)
Q1 2021	2,905.73	2,719.56	310.10	174.98	7.17	-	-	(163.97)
Q2 2021	2,645.54	2,843.25	322.02	158.60	7.44	-	-	(75.90)
Q3 2021	3,094.32	2,532.15	352.59	148.94	6.69	-	-	(75.30)
Q4 2021	3,984.53	2,381.16	329.15	160.43	6.25	-	-	(106.26)
Q1 2022	4,327.59	2,805.63	328.20	184.38	7.38	-	-	(163.83)
Q2 2022	4,068.96	2,430.77	291.61	165.13	6.49	-	-	(74.66)
Q3 2022	4,300.08	2,407.17	309.52	153.25	6.59	-	-	(104.20)
Q4 2022	3,744.17	2,470.44	314.51	167.25	6.88	-	-	(98.60)
Q1 2023	4,397.97	3,117.87	275.13	211.43	9.02	-	-	(196.93)
Q2 2023	3,397.45	2,297.86	288.22	164.48	6.62	-	-	(61.35)
Q3 2023	3,516.30	2,479.27	313.04	161.19	7.05	-	-	(125.95)
Q4 2023	3,753.61	2,436.38	297.31	176.97	6.86	-	-	(111.50)

Period	Food sector	Retail sector	Food services	Frozen food	Investments	Plastic	Manufacturing & Whole sale sector	Disposals
2014	14,591.95	12,204.38	-	-	127.17	-	-	(335.66)
2015	11,812.20	13,532.73	-	-	144.86	-	-	(364.20)
2016	11,886.72	13,572.38	1,156.68	-	137.61	-	-	(422.59)
2017	11,384.22	11,643.02	1,157.79	-	45.34	-	-	(399.90)
2018	9,735.47	11,117.60	1,227.27	94.11	47.04	-	-	(406.92)
2019	9,209.21	10,659.77	1,288.31	620.06	43.60	-	-	(414.52)
2020	8,643.56	11,613.30	1,076.08	736.80	36.08	-	-	(403.87)
2021	12,630.12	10,476.12	1,313.86	642.94	27.55	-	-	(421.43)
2022	16,440.80	10,114.01	1,243.84	670.01	27.34	-	-	(441.29)
2023	15,065.33	10,331.38	1,173.70	714.07	29.56	-	-	(495.72)

Analysts Estimates (Million)

Item	Q4 2023 (e)	Q4 2023 (a)	Change‬
Average	109.50	227.05	107.35 %

Estimates vs Actual (Million)

Item	Q4 2023 (e)	Q4 2023 (a)	Change
SNB Capital	112.00	227.05	102.7 %
Al Rajhi Capital	107.00	227.05	112.2 %

Financial Ratios

	Current
Market Cap (M Riyal)	23,949.03
Enterprise Value (EV) (M)	31,606.85
Shares Outstanding ((M))	533.98
EPS ( Riyal) (TTM)	1.60
Book Value (BV) ( Riyal)	15.86
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	32.23
P/E (TTM)	28.01
Price/book	2.83
Return on Average Assets (%) (TTM)	2.8
Return on Average Equity (%) (TTM)	10.1

Savola Group (SAVOLA GROUP)

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Savola profit jumps 21% to SAR 899.2M in 2023; Q4 at SAR 227.1M

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Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (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 Q4

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Savola Group (SAVOLA GROUP)

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Savola profit jumps 21% to SAR 899.2M in 2023; Q4 at SAR 227.1M

View other reports

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q4 2023

Revenue by Business Segment (Latest) 2023 Q4

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Savola Group (SAVOLA GROUP)

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Business Segments (Million)