Savola 9M 2023 profit up 4% to SAR 672.1 mln; Q3 at SAR 147.4 mln

07/11/2023 Argaam Exclusive

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Savola Group reported a net profit of SAR 672.1 million for the first nine months of 2023, an increase of 4% from SAR 648.3 million in the year-earlier period.

Financials (M)

Item	9m 2022	9m 2023	Change‬
Revenues	21,450.06	20,258.68	(5.6 %)
Gross Income	3,681.99	4,059.48	10.3 %
Operating Income	866.02	1,115.05	28.8 %
Net Income	648.28	672.13	3.7 %
Average Shares	533.98	533.98	-
EPS (Riyals)	1.21	1.26	3.7 %

The company reported higher gross profit in the food processing and retail segments. In addition, it recorded capital gains of SAR 18.5 million on the disposal of investment in Savola Morocco Co.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2022	Q3 2023	Change‬
Revenues	7,072.41	6,350.90	(10.2 %)
Gross Income	1,148.92	1,310.49	14.1 %
Operating Income	413.62	462.18	11.7 %
Net Income	163.64	147.36	(9.9 %)
Average Shares	533.98	533.98	-
EPS (Riyals)	0.31	0.28	(9.9 %)

Item	Q2 2023	Q3 2023	Change‬
Revenues	6,093.29	6,350.90	4.2 %
Gross Income	1,246.96	1,310.49	5.1 %
Operating Income	260.09	462.18	77.7 %
Net Income	132.03	147.36	11.6 %
Average Shares	533.98	533.98	-
EPS (Riyals)	0.25	0.28	11.6 %

Q3 2023 net earnings declined 10% year-on-year (YoY) to SAR 147.4 million, on lower profit share from associates, higher net finance cost, increased operating expenses and an increase in Zakat and income tax expenses.

The group reported revenue of SAR 6.4 billion during Q3 2023, compared to SAR 7.1 billion for the same quarter last year, primarily due to a drop in revenue from the food processing segment.

On a quarterly basis, net profit increased 11.6% from SAR 132.03 million in Q2 2023.

Total shareholders’ equity, excluding minority interest, stood at SAR 8.30 billion as of Sept. 30, 2023, compared to SAR 8.40 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

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2013	25,280.72	(7.7 %)	4,773.54	0.3 %	1,704.48	21.6 %	3.35
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

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 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2013	18.88 %	9.44 %	5.95 %
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 %

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 %

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

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2013	508.50	3.35	2.96	18.07
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

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

Period	P/E	Adjusted P/E	Price/book
2013	19.66	22.29	3.47
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

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)

Period	Food sector	Retail sector	Food services	Frozen food	Investments	Plastic	Manufacturing & Whole sale sector	Disposals
2013	14,552.39	10,924.60	-	-	140.99	-	-	(337.26)
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)

Analysts Estimates (Million)

Item	Q3 2023 (e)	Q3 2023 (a)	Change‬
Average	227.75	147.36	(35.3 %)

Estimates vs Actual (Million)

Item	Q3 2023 (e)	Q3 2023 (a)	Change
SNB Capital	181.00	147.36	(18.6) %
Al Rajhi Capital	199.00	147.36	(26.0) %
Hermes	216.00	147.36	(31.8) %
Goldman Sachs	315.00	147.36	(53.2) %

Financial Ratios

	Current
Market Cap (M Riyal)	23,975.73
Enterprise Value (EV) (M)	31,633.55
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)	32.27
P/E (TTM)	28.04
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 9M 2023 profit up 4% to SAR 672.1 mln; Q3 at SAR 147.4 mln

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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 Q3

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 9M 2023 profit up 4% to SAR 672.1 mln; Q3 at SAR 147.4 mln

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) Q3 2023

Revenue by Business Segment (Latest) 2023 Q3

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)