Al Othaim 2021 net profit drops 34% to SAR 300.1 mln; Q4 earnings at SAR 149.6 mln

08/02/2022 Argaam Exclusive

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Abdullah Al Othaim Markets Co. posted a net profit after Zakat and tax of SAR 300.1 million in 2021, down 32% from SAR 451 million last year.

Financials (M)

Item	2020	2021	Change‬
Revenues	8,808.17	8,403.69	(4.6 %)
Gross Income	1,908.09	1,787.84	(6.3 %)
Operating Income	462.61	264.23	(42.9 %)
Net Income	450.97	300.12	(33.5 %)
Average Shares	900.00	900.00	-
EPS (Riyals)	0.50	0.33	(33.5 %)

The company attributed the decline in earnings to a drop in sales by 4.63% year-on-year (YoY), a fall in gross profit margin due to the increase in promotions and the change in consumer behavior by focusing on discounted products.

Higher selling and distribution expenses due to opening new stores, and general and administrative (G&A) expenses due to recording advisory fees for the acquisition transaction related to the Fourth Milling Company also contributed to the profit decline.

On the other hand, real estate activity started to recover after witnessing a decline in the previous year.

The performance of the subsidiaries and associates improved as they were affected by the preventive measures in the previous year.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2020	Q4 2021	Change‬
Revenues	2,044.77	2,134.42	4.4 %
Gross Income	528.05	565.18	7.0 %
Operating Income	159.63	143.99	(9.8 %)
Net Income	165.48	149.64	(9.6 %)
Average Shares	900.00	900.00	-
EPS (Riyals)	0.18	0.17	(9.6 %)

Item	Q3 2021	Q4 2021	Change‬
Revenues	2,000.74	2,134.42	6.7 %
Gross Income	400.94	565.18	41.0 %
Operating Income	36.21	143.99	297.7 %
Net Income	44.87	149.64	233.5 %
Average Shares	900.00	900.00	-
EPS (Riyals)	0.05	0.17	233.5 %

Q4 2021 net profit after Zakat and tax declined 10% YoY to SAR 149.6 million, due to G&A, as well as selling and distribution expenses.

Compared to the previous quarter, the fourth-quarter earnings rose three-fold.

Shareholders’ equity, after minority interest, dropped to SAR 1.373 billion in 2021, from SAR 1.524 billion a year earlier.

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Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2012	976.27	4.5 %	35.50	(21.2 %)	(4.40)	(140.6 %)
Q2 2012	1,020.85	3.4 %	286.50	553.8 %	53.35	888.1 %
Q3 2012	1,122.32	2.4 %	184.90	335.9 %	25.55	444.8 %
Q4 2012	985.76	6.5 %	178.02	307.1 %	42.40	6333.7 %
2012	4,105.20	4.1 %	684.91	291.3 %	116.89	1129.6 %
Q1 2013	1,066.43	9.2 %	164.06	362.2 %	28.81	754.3 %
Q2 2013	1,161.19	13.7 %	176.39	(38.4 %)	19.51	(63.4 %)
Q3 2013	1,193.14	6.3 %	199.41	7.8 %	22.07	(13.6 %)
Q4 2013	1,159.21	17.6 %	231.29	29.9 %	50.21	18.4 %
2013	4,579.96	11.6 %	771.15	12.6 %	120.60	3.2 %
Q1 2014	1,222.98	14.7 %	204.66	24.7 %	29.16	1.2 %
Q2 2014	1,511.39	30.2 %	219.39	24.4 %	37.34	91.4 %
Q3 2014	1,208.79	1.3 %	195.07	(2.2 %)	20.67	(6.3 %)
Q4 2014	1,308.74	12.9 %	252.01	9.0 %	62.57	24.6 %
2014	5,251.90	14.7 %	871.13	13.0 %	149.74	24.2 %
Q1 2015	1,408.03	15.1 %	212.36	3.8 %	28.31	(2.9 %)
Q2 2015	1,725.54	14.2 %	247.99	13.0 %	35.03	(6.2 %)
Q3 2015	1,348.87	11.6 %	221.39	13.5 %	17.48	(15.5 %)
Q4 2015	1,553.36	18.7 %	316.73	25.7 %	66.74	6.7 %
2015	6,035.80	14.9 %	998.47	14.6 %	147.56	(1.5 %)
Q1 2016	1,606.16	14.1 %	265.48	25.0 %	34.64	22.4 %
Q2 2016	1,976.23	14.5 %	312.31	25.9 %	28.75	(17.9 %)
Q3 2016	1,569.57	16.4 %	271.63	22.7 %	14.30	(18.2 %)
Q4 2016	1,907.19	22.8 %	362.34	14.4 %	88.29	32.3 %
2016	7,014.54	16.2 %	1,211.30	21.3 %	170.10	15.3 %
Q1 2017	1,696.23	5.6 %	319.69	20.4 %	47.29	36.5 %
Q2 2017	1,935.88	(2.0 %)	356.38	14.1 %	40.26	40.0 %
Q3 2017	1,627.85	3.7 %	318.56	17.3 %	27.23	90.4 %
Q4 2017	1,971.19	3.4 %	444.98	22.8 %	130.85	48.2 %
2017	7,231.14	3.1 %	1,439.60	18.8 %	245.28	44.2 %
Q1 2018	1,798.26	6.0 %	341.54	6.8 %	45.33	(4.1 %)
Q2 2018	2,022.47	4.5 %	375.18	5.3 %	44.73	11.1 %
Q3 2018	1,744.69	7.2 %	339.78	6.7 %	25.89	(4.9 %)
Q4 2018	1,939.04	(1.6 %)	474.84	6.7 %	132.16	1.0 %
2018	7,504.46	3.8 %	1,531.17	6.4 %	247.97	1.1 %
Q1 2019	1,959.32	9.0 %	386.48	13.2 %	58.11	28.2 %
Q2 2019	2,171.10	7.3 %	394.15	5.1 %	48.24	7.9 %
Q3 2019	1,936.92	11.0 %	400.01	17.7 %	67.00	158.8 %
Q4 2019	2,098.53	8.2 %	512.27	7.9 %	143.68	8.7 %
2019	8,165.88	8.8 %	1,692.91	10.6 %	317.03	27.9 %
Q1 2020	2,379.50	21.4 %	459.32	18.8 %	92.82	59.7 %
Q2 2020	2,574.43	18.6 %	512.15	29.9 %	147.37	205.5 %
Q3 2020	1,812.81	(6.4 %)	411.63	2.9 %	59.73	(10.9 %)
Q4 2020	2,044.77	(2.6 %)	528.05	3.1 %	159.63	11.1 %
2020	8,808.17	7.9 %	1,908.09	12.7 %	462.61	45.9 %
Q1 2021	2,097.15	(11.9 %)	419.22	(8.7 %)	47.30	(49.0 %)
Q2 2021	2,171.27	(15.7 %)	400.49	(21.8 %)	36.73	(75.1 %)
Q3 2021	2,000.74	10.4 %	400.94	(2.6 %)	36.21	(39.4 %)
Q4 2021	2,134.42	4.4 %	565.18	7.0 %	143.99	(9.8 %)
2021	8,403.69	(4.6 %)	1,787.84	(6.3 %)	264.23	(42.9 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2012	4,105.20	4.1 %	684.91	291.3 %	116.89	1129.6 %
2013	4,579.96	11.6 %	771.15	12.6 %	120.60	3.2 %
2014	5,251.90	14.7 %	871.13	13.0 %	149.74	24.2 %
2015	6,035.80	14.9 %	998.47	14.6 %	147.56	(1.5 %)
2016	7,014.54	16.2 %	1,211.30	21.3 %	170.10	15.3 %
2017	7,231.14	3.1 %	1,439.60	18.8 %	245.28	44.2 %
2018	7,504.46	3.8 %	1,531.17	6.4 %	247.97	1.1 %
2019	8,165.88	8.8 %	1,692.91	10.6 %	317.03	27.9 %
2020	8,808.17	7.9 %	1,908.09	12.7 %	462.61	45.9 %
2021	8,403.69	(4.6 %)	1,787.84	(6.3 %)	264.23	(42.9 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2012	33.86	(7.3 %)	0.04	-	33.86	0.04
Q2 2012	36.76	(10.6 %)	0.04	-	36.76	0.04
Q3 2012	40.68	13.0 %	0.05	-	40.68	0.05
Q4 2012	60.47	65.8 %	0.07	-	60.47	0.07
2012	171.77	14.4 %	0.19	-	171.77	0.19
Q1 2013	40.81	20.5 %	0.05	-	40.81	0.05
Q2 2013	39.73	8.1 %	0.04	-	39.73	0.04
Q3 2013	41.94	3.1 %	0.05	-	41.94	0.05
Q4 2013	70.03	15.8 %	0.08	-	70.03	0.08
2013	192.51	12.1 %	0.21	-	192.51	0.21
Q1 2014	46.47	13.9 %	0.05	-	46.47	0.05
Q2 2014	51.79	30.3 %	0.06	-	51.79	0.06
Q3 2014	42.29	0.8 %	0.05	-	42.29	0.05
Q4 2014	74.23	6.0 %	0.08	-	74.23	0.08
2014	214.78	11.6 %	0.24	-	214.78	0.24
Q1 2015	48.89	5.2 %	0.05	-	48.89	0.05
Q2 2015	55.66	7.5 %	0.06	-	55.66	0.06
Q3 2015	37.09	(12.3 %)	0.04	-	37.09	0.04
Q4 2015	89.23	20.2 %	0.10	-	89.23	0.10
2015	230.87	7.5 %	0.26	-	230.87	0.26
Q1 2016	46.62	(4.6 %)	0.05	(8.60)	55.22	0.06
Q2 2016	49.76	(10.6 %)	0.06	-	49.76	0.06
Q3 2016	36.19	(2.4 %)	0.04	-	36.19	0.04
Q4 2016	95.50	7.0 %	0.11	(4.42)	99.92	0.11
2016	228.07	(1.2 %)	0.25	(13.02)	241.09	0.27
Q1 2017	60.15	29.0 %	0.07	-	60.15	0.07
Q2 2017	71.21	43.1 %	0.08	-	71.21	0.08
Q3 2017	150.62	316.2 %	0.17	100.08	50.54	0.06
Q4 2017	167.52	75.4 %	0.19	11.87	155.66	0.17
2017	449.50	97.1 %	0.50	111.94	337.56	0.38
Q1 2018	67.26	11.8 %	0.07	-	67.26	0.07
Q2 2018	74.11	4.1 %	0.08	-	74.11	0.08
Q3 2018	54.31	(63.9 %)	0.06	-	54.31	0.06
Q4 2018	106.92	(36.2 %)	0.12	(6.97)	113.89	0.13
2018	302.60	(32.7 %)	0.34	(6.97)	309.57	0.34
Q1 2019	68.34	1.6 %	0.08	-	68.34	0.08
Q2 2019	58.73	(20.7 %)	0.07	-	58.73	0.07
Q3 2019	75.38	38.8 %	0.08	-	75.38	0.08
Q4 2019	142.23	33.0 %	0.16	-	142.23	0.16
2019	344.67	13.9 %	0.38	-	344.67	0.38
Q1 2020	99.55	45.7 %	0.11	-	99.55	0.11
Q2 2020	125.25	113.3 %	0.14	-	125.25	0.14
Q3 2020	60.69	(19.5 %)	0.07	-	60.69	0.07
Q4 2020	165.48	16.3 %	0.18	6.87	158.61	0.18
2020	450.97	30.8 %	0.50	6.87	444.11	0.49
Q1 2021	57.68	(42.1 %)	0.06	-	57.68	0.06
Q2 2021	47.93	(61.7 %)	0.05	-	47.93	0.05
Q3 2021	44.87	(26.1 %)	0.05	-	44.87	0.05
Q4 2021	149.64	(9.6 %)	0.17	-	149.64	0.17
2021	300.12	(33.5 %)	0.33	-	300.12	0.33

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2012	171.77	14.4 %	0.19	-	171.77	0.19
2013	192.51	12.1 %	0.21	-	192.51	0.21
2014	214.78	11.6 %	0.24	-	214.78	0.24
2015	230.87	7.5 %	0.26	-	230.87	0.26
2016	228.07	(1.2 %)	0.25	(13.02)	241.09	0.27
2017	449.50	97.1 %	0.50	111.94	337.56	0.38
2018	302.60	(32.7 %)	0.34	(6.97)	309.57	0.34
2019	344.67	13.9 %	0.38	-	344.67	0.38
2020	450.97	30.8 %	0.50	6.87	444.11	0.49
2021	300.12	(33.5 %)	0.33	-	300.12	0.33

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2012	4.15 %	1.79 %	3.57 %
Q2 2012	10.16 %	3.03 %	3.41 %
Q3 2012	13.61 %	3.88 %	3.51 %
Q4 2012	16.68 %	4.90 %	4.18 %
2012	16.68 %	4.90 %	4.18 %
Q1 2013	19.39 %	5.62 %	4.26 %
Q2 2013	16.22 %	4.71 %	4.19 %
Q3 2013	16.29 %	4.60 %	4.15 %
Q4 2013	16.84 %	4.65 %	4.20 %
2013	16.84 %	4.65 %	4.20 %
Q1 2014	17.14 %	4.57 %	4.18 %
Q2 2014	16.80 %	4.65 %	4.13 %
Q3 2014	16.67 %	4.66 %	4.13 %
Q4 2014	16.59 %	4.81 %	4.09 %
2014	16.59 %	4.81 %	4.09 %
Q1 2015	16.16 %	4.69 %	3.99 %
Q2 2015	16.06 %	4.53 %	3.91 %
Q3 2015	16.12 %	4.45 %	3.73 %
Q4 2015	16.54 %	4.58 %	3.83 %
2015	16.54 %	4.58 %	3.83 %
Q1 2016	16.87 %	4.62 %	3.81 %
Q2 2016	17.21 %	4.44 %	3.57 %
Q3 2016	17.39 %	4.33 %	3.44 %
Q4 2016	17.17 %	4.40 %	3.42 %
2016	17.27 %	4.49 %	3.44 %
Q1 2017	17.71 %	4.66 %	3.44 %
Q2 2017	18.43 %	4.91 %	3.76 %
Q3 2017	18.93 %	5.13 %	3.93 %
Q4 2017	19.91 %	5.69 %	4.67 %
2017	19.91 %	5.69 %	4.67 %
Q1 2018	19.93 %	5.61 %	4.70 %
Q2 2018	19.95 %	5.70 %	4.68 %
Q3 2018	19.92 %	5.61 %	4.66 %
Q4 2018	20.41 %	5.79 %	4.13 %
2018	20.40 %	5.79 %	4.13 %
Q1 2019	20.56 %	6.26 %	4.05 %
Q2 2019	20.41 %	6.59 %	3.78 %
Q3 2019	20.68 %	7.38 %	3.95 %
Q4 2019	20.73 %	7.79 %	4.22 %
2019	20.73 %	7.79 %	4.22 %
Q1 2020	20.57 %	7.86 %	4.38 %
Q2 2020	20.96 %	8.68 %	4.92 %
Q3 2020	21.38 %	8.76 %	4.82 %
Q4 2020	21.69 %	8.99 %	5.04 %
2020	21.66 %	9.02 %	5.04 %
Q1 2021	21.94 %	8.77 %	4.72 %
Q2 2021	21.65 %	7.84 %	4.00 %
Q3 2021	21.03 %	7.40 %	3.72 %
Q4 2021	21.25 %	7.16 %	3.57 %
2021	21.27 %	7.16 %	3.57 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2012	16.68 %	4.90 %	4.18 %
2013	16.84 %	4.65 %	4.20 %
2014	16.59 %	4.81 %	4.09 %
2015	16.54 %	4.58 %	3.83 %
2016	17.27 %	4.49 %	3.44 %
2017	19.91 %	5.69 %	4.67 %
2018	20.40 %	5.79 %	4.13 %
2019	20.73 %	7.79 %	4.22 %
2020	21.66 %	9.02 %	5.04 %
2021	21.27 %	7.16 %	3.57 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2012	3.64 %	1.61 %	3.47 %
Q2 2012	28.06 %	7.27 %	3.60 %
Q3 2012	16.47 %	4.17 %	3.62 %
Q4 2012	18.06 %	6.51 %	6.13 %
Q1 2013	15.38 %	4.75 %	3.83 %
Q2 2013	15.19 %	3.67 %	3.42 %
Q3 2013	16.71 %	3.79 %	3.52 %
Q4 2013	19.95 %	6.44 %	6.04 %
Q1 2014	16.73 %	4.42 %	3.80 %
Q2 2014	14.52 %	4.14 %	3.43 %
Q3 2014	16.14 %	3.86 %	3.50 %
Q4 2014	19.26 %	6.83 %	5.67 %
Q1 2015	15.08 %	4.01 %	3.47 %
Q2 2015	14.37 %	3.69 %	3.23 %
Q3 2015	16.41 %	3.56 %	2.75 %
Q4 2015	20.39 %	6.98 %	5.74 %
Q1 2016	16.53 %	4.22 %	3.44 %
Q2 2016	15.80 %	3.22 %	2.52 %
Q3 2016	17.31 %	3.23 %	2.31 %
Q4 2016	19.00 %	6.74 %	5.24 %
Q1 2017	18.85 %	5.31 %	3.55 %
Q2 2017	18.41 %	4.10 %	3.68 %
Q3 2017	19.57 %	4.29 %	3.10 %
Q4 2017	22.57 %	8.74 %	7.90 %
Q1 2018	18.99 %	5.01 %	3.74 %
Q2 2018	18.55 %	4.47 %	3.66 %
Q3 2018	19.48 %	4.03 %	3.11 %
Q4 2018	24.49 %	9.47 %	5.87 %
Q1 2019	19.73 %	6.91 %	3.49 %
Q2 2019	18.15 %	5.78 %	2.71 %
Q3 2019	20.65 %	7.57 %	3.89 %
Q4 2019	24.41 %	10.90 %	6.78 %
Q1 2020	19.30 %	7.33 %	4.18 %
Q2 2020	19.89 %	8.96 %	4.87 %
Q3 2020	22.71 %	7.90 %	3.35 %
Q4 2020	25.82 %	11.91 %	7.76 %
Q1 2021	19.99 %	6.21 %	2.75 %
Q2 2021	18.45 %	5.53 %	2.21 %
Q3 2021	20.04 %	6.07 %	2.24 %
Q4 2021	26.48 %	10.79 %	7.01 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2012	900.00	0.16	0.16	0.63
Q2 2012	900.00	0.16	0.15	0.67
Q3 2012	900.00	0.16	0.16	0.71
Q4 2012	900.00	0.19	0.19	0.76
Q1 2013	900.00	0.20	0.20	0.80
Q2 2013	900.00	0.20	0.20	0.77
Q3 2013	900.00	0.20	0.20	0.82
Q4 2013	900.00	0.21	0.21	0.90
Q1 2014	900.00	0.22	0.22	0.95
Q2 2014	900.00	0.23	0.23	0.93
Q3 2014	900.00	0.23	0.23	0.98
Q4 2014	900.00	0.24	0.24	1.06
Q1 2015	900.00	0.24	0.24	1.11
Q2 2015	900.00	0.25	0.25	1.09
Q3 2015	900.00	0.24	0.24	1.13
Q4 2015	900.00	0.26	0.26	1.23
Q1 2016	900.00	0.25	0.26	1.17
Q2 2016	900.00	0.25	0.26	1.23
Q3 2016	900.00	0.25	0.26	1.27
Q4 2016	900.00	0.25	0.27	1.37
Q1 2017	900.00	0.27	0.27	1.44
Q2 2017	900.00	0.29	0.30	1.41
Q3 2017	900.00	0.42	0.31	1.58
Q4 2017	900.00	0.50	0.38	1.66
Q1 2018	900.00	0.51	0.38	1.74
Q2 2018	900.00	0.51	0.39	1.67
Q3 2018	900.00	0.40	0.39	1.73
Q4 2018	900.00	0.34	0.34	1.84
Q1 2019	900.00	0.34	0.35	1.79
Q2 2019	900.00	0.32	0.33	1.56
Q3 2019	900.00	0.34	0.35	1.64
Q4 2019	900.00	0.38	0.38	1.65
Q1 2020	900.00	0.42	0.42	1.61
Q2 2020	900.00	0.49	0.49	1.75
Q3 2020	900.00	0.48	0.48	1.51
Q4 2020	900.00	0.50	0.49	1.69
Q1 2021	900.00	0.45	0.45	1.45
Q2 2021	900.00	0.37	0.36	1.51
Q3 2021	900.00	0.35	0.34	1.36
Q4 2021	900.00	0.33	0.33	1.52

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2012	900.00	0.19	0.19	0.76
2013	900.00	0.21	0.21	0.90
2014	900.00	0.24	0.24	1.06
2015	900.00	0.26	0.26	1.23
2016	900.00	0.25	0.27	1.37
2017	900.00	0.50	0.38	1.66
2018	900.00	0.34	0.34	1.84
2019	900.00	0.38	0.38	1.65
2020	900.00	0.50	0.49	1.69
2021	900.00	0.33	0.33	1.52

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2012	13.89	14.41	3.62
Q2 2012	13.45	14.02	3.20
Q3 2012	13.48	14.04	3.10
Q4 2012	10.78	10.78	2.72
Q1 2013	10.48	10.48	2.60
Q2 2013	13.87	13.87	3.63
Q3 2013	16.11	16.11	4.01
Q4 2013	14.58	14.58	3.48
Q1 2014	20.10	20.10	4.67
Q2 2014	22.80	22.80	5.73
Q3 2014	24.55	24.55	5.88
Q4 2014	22.06	22.06	4.97
Q1 2015	21.92	21.92	4.75
Q2 2015	21.91	21.91	4.93
Q3 2015	19.12	19.12	4.06
Q4 2015	17.34	17.34	3.62
Q1 2016	16.93	16.32	3.67
Q2 2016	20.21	19.45	4.07
Q3 2016	15.47	14.89	3.01
Q4 2016	19.50	18.44	3.61
Q1 2017	20.49	20.12	3.83
Q2 2017	19.67	19.34	4.06
Q3 2017	14.62	19.58	3.88
Q4 2017	12.31	16.40	3.70
Q1 2018	15.18	20.11	4.44
Q2 2018	14.73	19.47	4.51
Q3 2018	17.30	17.88	4.04
Q4 2018	20.88	20.41	3.81
Q1 2019	21.37	20.89	4.02
Q2 2019	24.19	23.62	4.98
Q3 2019	24.03	23.50	5.03
Q4 2019	21.28	21.28	4.93
Q1 2020	22.22	22.22	5.76
Q2 2020	22.74	22.74	6.40
Q3 2020	27.27	27.27	8.57
Q4 2020	24.51	24.89	7.25
Q1 2021	27.81	28.28	8.70
Q2 2021	33.64	34.35	8.21
Q3 2021	32.07	32.79	8.30
Q4 2021	32.45	32.45	7.12

Period	P/E	Adjusted P/E	Price/book
2012	10.78	10.78	2.72
2013	14.58	14.58	3.48
2014	22.06	22.06	4.97
2015	17.34	17.34	3.62
2016	19.50	18.44	3.61
2017	12.31	16.40	3.70
2018	20.88	20.41	3.81
2019	21.28	21.28	4.93
2020	24.51	24.89	7.25
2021	32.45	32.45	7.12

Business Segments (Million)

Compared With The

Period	Retail and wholesale	Head office and leasing and others	Others
Q1 2012	976.27	36.44	-
Q2 2012	1,020.85	3.02	-
Q3 2012	1,122.32	20.32	-
Q4 2012	985.76	21.90	-
Q1 2013	1,066.43	21.50	-
Q2 2013	1,161.19	23.94	-
Q3 2013	1,193.14	23.78	-
Q4 2013	1,159.21	23.98	-
Q1 2014	1,222.98	24.03	-
Q2 2014	1,511.39	22.85	-
Q3 2014	1,208.79	26.42	-
Q4 2014	1,308.74	22.64	-
Q1 2015	1,408.03	26.15	-
Q2 2015	1,725.54	27.56	-
Q3 2015	1,348.57	26.93	-
Q4 2015	1,553.66	30.55	-
Q1 2016	1,640.02	28.03	-
Q2 2016	2,020.19	28.36	-
Q3 2016	1,583.28	28.54	-
Q4 2016	1,928.23	38.64	-
Q1 2017	1,875.71	-	-
Q2 2017	2,165.24	-	-
Q3 2017	1,750.81	9.20	-
Q4 2017	2,189.82	-	-
Q1 2018	1,772.52	-	25.74
Q2 2018	1,987.55	-	34.92
Q3 2018	1,701.84	-	42.85
Q4 2018	1,897.55	-	52.15
Q1 2019	1,902.26	-	57.40
Q2 2019	2,113.62	-	57.98
Q3 2019	1,871.89	-	65.47
Q4 2019	2,028.50	-	68.77
Q1 2020	2,307.18	-	72.31
Q2 2020	2,508.53	-	65.89
Q3 2020	1,750.05	-	62.76
Q4 2020	1,987.30	-	54.14
Q1 2021	2,042.29	-	54.85
Q2 2021	2,117.96	-	53.31
Q3 2021	1,949.68	-	51.17
Q4 2021	2,084.42	-	50.01

Period	Retail and wholesale	Head office and leasing and others	Others
2012	4,105.20	81.68	-
2013	4,579.96	93.19	-
2014	5,251.90	95.93	-
2015	6,035.80	111.20	-
2016	7,171.73	123.57	-
2017	7,981.49	131.13	-
2018	7,359.46	-	155.67
2019	7,916.26	-	249.61
2020	8,553.06	-	255.11
2021	8,194.35	-	209.35

Analysts Estimates (Million)

Item	Q4 2021 (e)	Q4 2021 (a)	Change‬
Average	127.46	149.64	17.40 %

Estimates vs Actual (Million)

Item	Q4 2021 (e)	Q4 2021 (a)	Change
SNB Capital	152.00	149.64	(1.6) %
Sico	173.00	149.64	(13.5) %
AlJazira Capital	120.80	149.64	23.9 %
Al Rajhi Capital	101.00	149.64	48.2 %
OSOOL AND BAKHEET	90.50	149.64	65.3 %

Financial Ratios

	Current
Market Cap (M Riyal)	9,828.00
Enterprise Value (EV) (M)	9,890.51
Shares Outstanding ((M))	900.00
EPS ( Riyal) (TTM)	0.45
Book Value (BV) ( Riyal)	1.15
Par Value ( Riyal)	1.00
Adjusted P/E (Last12)	25.61
P/E (TTM)	24.24
Price/book	9.46
Return on Average Assets (%) (TTM)	6.6
Return on Average Equity (%) (TTM)	36.1

Abdullah Al Othaim Markets Co. (A.OTHAIM MARKET)

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Al Othaim 2021 net profit drops 34% to SAR 300.1 mln; Q4 earnings at SAR 149.6 mln

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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) 2021 Q4

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Abdullah Al Othaim Markets Co. (A.OTHAIM MARKET)

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Al Othaim 2021 net profit drops 34% to SAR 300.1 mln; Q4 earnings at SAR 149.6 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) Q4 2021

Revenue by Business Segment (Latest) 2021 Q4

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Abdullah Al Othaim Markets Co. (A.OTHAIM MARKET)

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Business Segments (Million)