Al Othaim H1 2023 profit jumps to SAR 259.4 mln; Q2 at SAR 139.4 mln on land sale

10/08/2023 Argaam Exclusive

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Abdullah Al Othaim Markets Co. posted a 70.9% rise in H1 2023 net profit to SAR 259.4 million from SAR 151.8 million in the year-earlier period.

Financials (M)

Item	6m 2022	6m 2023	Change‬
Revenues	4,716.91	5,206.41	10.4 %
Gross Income	975.82	1,082.88	11.0 %
Operating Income	124.39	143.92	15.7 %
Net Income	151.82	259.44	70.9 %
Average Shares	900.00	900.00	-
EPS (Riyals)	0.17	0.29	70.9 %

The company reported a 10.27% increase year-on-year (YoY) in sales from existing and new stores, in addition to improved gross profit margins and real estate activity. It recorded a capital gain after Zakat of SAR 96.9 million from the sale of an investment land plot in Riyadh.

In addition, Al Othaim reported gains from investing cash liquidity in Shariah-compliant bank deposits.

On the other hand, it recorded an increase in selling and marketing expenses triggered by the new openings, mainly the financing cost of lease contracts pursuant to the International Financial Reporting Standard (IFRS) 16 and the underperformance of associates.

The second-quarter net profit more than doubled to SAR 139.4 million from SAR 50 million in Q2 2022. Al Othaim reported sales growth of 7.33% YoY from existing and new branches, as well as better gross profit margins.

The company also made gains from investing cash liquidity in Shariah-compliant bank deposits and recorded capital gains of SAR 96.9 million after Zakat from selling a land plot.

This was despite an increase in selling and marketing expenses triggered by the new openings, mainly the financing cost of lease contracts pursuant to IFRS 16 and the underperformance of associates.

The grocery chain’s net profit climbed 16.2% from SAR 120 million in Q1 2023 on a SAR 96.9 million capital gain, improved gross margins and leasing activities.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2022	Q2 2023	Change‬
Revenues	2,254.52	2,421.77	7.4 %
Gross Income	468.72	508.63	8.5 %
Operating Income	40.45	42.16	4.2 %
Net Income	50.04	139.43	178.6 %
Average Shares	900.00	900.00	-
EPS (Riyals)	0.06	0.15	178.6 %

Item	Q1 2023	Q2 2023	Change‬
Revenues	2,784.64	2,421.77	(13.0 %)
Gross Income	574.25	508.63	(11.4 %)
Operating Income	101.76	42.16	(58.6 %)
Net Income	120.01	139.43	16.2 %
Average Shares	900.00	900.00	-
EPS (Riyals)	0.13	0.15	16.2 %

Shareholders’ equity, after minority interest, reached SAR 1.41 billion by the end of H1 2023, compared to SAR 1.33 billion in the year-ago period.

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Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
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 %)
Q1 2022	2,462.38	17.4 %	507.10	21.0 %	83.95	77.5 %
Q2 2022	2,254.52	3.8 %	468.72	17.0 %	40.45	10.1 %
Q3 2022	2,340.54	17.0 %	481.25	20.0 %	45.65	26.1 %
Q4 2022	2,492.10	16.8 %	628.55	11.2 %	159.98	11.1 %
2022	9,549.55	13.6 %	2,085.62	16.7 %	330.02	24.9 %
Q1 2023	2,784.64	13.1 %	574.25	13.2 %	101.76	21.2 %
Q2 2023	2,421.77	7.4 %	508.63	8.5 %	42.16	4.2 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
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 %)
2022	9,549.55	13.6 %	2,085.62	16.7 %	330.02	24.9 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
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
Q1 2022	101.78	76.5 %	0.11	-	101.78	0.11
Q2 2022	50.04	4.4 %	0.06	-	50.04	0.06
Q3 2022	756.90	1586.9 %	0.84	719.18	37.72	0.04
Q4 2022	170.80	14.1 %	0.19	-	170.80	0.19
2022	1,079.51	259.7 %	1.20	719.18	360.33	0.40
Q1 2023	120.01	17.9 %	0.13	-	120.01	0.13
Q2 2023	139.43	178.6 %	0.15	99.48	39.95	0.04

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
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
2022	1,079.51	259.7 %	1.20	719.18	360.33	0.40

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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 %
Q1 2022	21.37 %	7.32 %	3.93 %
Q2 2022	21.94 %	7.34 %	3.91 %
Q3 2022	22.00 %	7.24 %	3.69 %
Q4 2022	21.84 %	7.25 %	3.77 %
2022	21.84 %	7.25 %	3.77 %
Q1 2023	21.81 %	7.30 %	3.83 %
Q2 2023	21.84 %	7.31 %	3.67 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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 %
2022	21.84 %	7.25 %	3.77 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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 %
Q1 2022	20.59 %	6.92 %	4.13 %
Q2 2022	20.79 %	5.66 %	2.22 %
Q3 2022	20.56 %	5.88 %	1.61 %
Q4 2022	25.22 %	10.30 %	6.85 %
Q1 2023	20.62 %	7.15 %	4.31 %
Q2 2023	21.00 %	5.79 %	1.65 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
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
Q1 2022	900.00	0.38	0.38	1.42
Q2 2022	900.00	0.38	0.38	1.49
Q3 2022	900.00	1.18	0.38	2.13
Q4 2022	900.00	1.20	0.40	1.56
Q1 2023	900.00	1.22	0.42	1.41
Q2 2023	900.00	1.32	0.41	1.57

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
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
2022	900.00	1.20	0.40	1.56

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
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
Q1 2022	30.59	30.59	8.23
Q2 2022	26.82	26.82	6.94
Q3 2022	10.49	32.74	5.79
Q4 2022	8.67	25.98	6.65
Q1 2023	10.49	30.43	9.06
Q2 2023	10.57	34.05	8.87

Period	P/E	Adjusted P/E	Price/book
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
2022	8.67	25.98	6.65

Business Segments (Million)

Compared With The

Period	Retail and wholesale	Head office and leasing and others	Others
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
Q1 2022	2,410.51	-	51.87
Q2 2022	2,194.53	-	59.99
Q3 2022	2,275.72	-	64.82
Q4 2022	2,428.34	-	63.76
Q1 2023	2,725.04	-	59.61
Q2 2023	2,361.10	-	60.67

Period	Retail and wholesale	Head office and leasing and others	Others
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
2022	9,309.10	-	240.45

Analysts Estimates (Million)

Item	Q2 2023 (e)	Q2 2023 (a)	Change‬
Average	69.58	139.43	100.40 %

Estimates vs Actual (Million)

Item	Q2 2023 (e)	Q2 2023 (a)	Change
HSBC	100.00	139.43	39.4 %
Goldman Sachs	81.00	139.43	72.1 %
OSOOL AND BAKHEET	71.70	139.43	94.5 %
Al Rajhi Capital	64.00	139.43	117.9 %
SNB Capital	63.40	139.43	119.9 %
AlJazira Capital	62.60	139.43	122.7 %
U-Capital	58.90	139.43	136.7 %
Hermes	55.00	139.43	153.5 %

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 H1 2023 profit jumps to SAR 259.4 mln; Q2 at SAR 139.4 mln on land sale

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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) 2023 Q2

Analysts Estimates (Million)

Analysts Estimates (Million)

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Estimates Accuracy

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Al Othaim H1 2023 profit jumps to SAR 259.4 mln; Q2 at SAR 139.4 mln on land sale

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 2023

Revenue by Business Segment (Latest) 2023 Q2

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)