Sinad Holding widens losses to SAR 84.9 mln in 9M 2023; Q3 at SAR 39.7 mln

05/11/2023 Argaam Exclusive

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Sinad Holding Co. reported a net loss of SAR 84.9 million for the first nine months of 2023, from SAR 64.7 million a year earlier as operating losses mounted year-on-year (YoY) due to a pullback in gross profit, resulting mainly from lower gross profit from sales.

Financials (M)

Item	9m 2022	9m 2023	Change‬
Revenues	1,316.81	1,178.36	(10.5 %)
Gross Income	365.27	278.60	(23.7 %)
Operating Income	2.79	(74.83)	(2781.0 %)
Net Income	(64.67)	(84.87)	(31.2 %)
Average Shares	126.39	126.39	-
EPS (Riyals)	(0.51)	(0.67)	(31.2 %)

This came amid a YoY uptick in selling and distribution expenses as well as other income, in addition to recording a loss from foreign exchange (FX) differences in the first nine months of this year, against income from FX differences during the similar period of the previous year. The company also cited higher financing expenses and Zakat expenses.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2022	Q3 2023	Change‬
Revenues	429.62	407.05	(5.3 %)
Gross Income	106.51	79.78	(25.1 %)
Operating Income	(10.07)	(40.09)	(298.1 %)
Net Income	(54.63)	(39.71)	27.3 %
Average Shares	126.39	126.39	-
EPS (Riyals)	(0.43)	(0.31)	27.3 %

Item	Q2 2023	Q3 2023	Change‬
Revenues	356.57	407.05	14.2 %
Gross Income	83.06	79.78	(3.9 %)
Operating Income	(30.72)	(40.09)	(30.5 %)
Net Income	(23.64)	(39.71)	(68.0 %)
Average Shares	126.39	126.39	-
EPS (Riyals)	(0.19)	(0.31)	(68.0 %)

The company trimmed its losses in Q3 2023 to SAR 39.7 million, from SAR 54.6 million in Q3 2022. This was mainly due to recording gross profit from investments and lower general and administrative expenses amid higher other operating income.

Sequentially, Sinad deepened its losses from SAR 23.6 million in Q2 2023.

Total shareholders’ equity, after minority interest, fell to SAR 1.12 billion as of Sept. 30, 2023, from SAR 1.22 billion a year earlier.

Accumulated losses stood at SAR 112.4 million at the end of the nine-month period, representing 8.89% of capital.

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Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2014	601.46	4.3 %	185.05	(0.8 %)	43.97	(22.2 %)
Q2 2014	624.98	8.2 %	187.07	6.0 %	52.87	(1.5 %)
Q3 2014	607.08	8.2 %	173.79	10.5 %	46.37	7.0 %
Q4 2014	604.72	5.9 %	193.67	18.3 %	51.36	6.7 %
2014	2,438.23	6.6 %	739.42	8.1 %	193.47	(4.1 %)
Q1 2015	593.14	(1.4 %)	183.85	(0.6 %)	48.76	10.9 %
Q2 2015	580.59	(7.1 %)	181.00	(3.2 %)	48.92	(7.5 %)
Q3 2015	553.97	(8.7 %)	178.11	2.5 %	45.63	(1.6 %)
Q4 2015	444.00	(26.6 %)	165.73	(14.4 %)	46.18	(10.1 %)
2015	2,339.48	(4.1 %)	738.15	(0.2 %)	205.30	6.1 %
Q1 2016	555.73	(6.3 %)	182.18	(0.9 %)	45.96	(5.7 %)
Q2 2016	502.82	(13.4 %)	161.28	(10.9 %)	25.84	(47.2 %)
Q3 2016	519.22	(6.3 %)	162.50	(8.8 %)	20.20	(55.7 %)
Q4 2016	506.19	14.0 %	162.02	(2.2 %)	24.96	(46.0 %)
2016	2,083.96	(10.9 %)	667.97	(9.5 %)	116.96	(43.0 %)
Q1 2017	456.77	(17.8 %)	154.71	(15.1 %)	37.42	(18.6 %)
Q2 2017	428.66	(14.7 %)	130.15	(19.3 %)	12.60	(51.3 %)
Q3 2017	503.24	(3.1 %)	161.51	(0.6 %)	45.93	127.4 %
Q4 2017	499.16	(1.4 %)	169.55	4.6 %	41.24	65.2 %
2017	1,887.83	(9.4 %)	615.92	(7.8 %)	137.19	17.3 %
Q1 2018	449.18	(1.7 %)	134.10	(13.3 %)	33.79	(9.7 %)
Q2 2018	424.80	(0.9 %)	122.74	(5.7 %)	18.38	45.9 %
Q3 2018	483.73	(3.9 %)	151.85	(6.0 %)	48.52	5.6 %
Q4 2018	449.88	(9.9 %)	129.99	(23.3 %)	22.45	(45.6 %)
2018	1,797.92	(4.8 %)	529.02	(14.1 %)	123.12	(10.3 %)
Q1 2019	471.87	5.1 %	135.36	0.9 %	29.65	(12.3 %)
Q2 2019	414.56	(2.4 %)	113.15	(7.8 %)	7.60	(58.7 %)
Q3 2019	484.43	0.1 %	137.81	(9.2 %)	26.28	(45.8 %)
Q4 2019	513.08	14.0 %	160.86	23.8 %	42.23	88.2 %
2019	1,883.94	4.8 %	547.18	3.4 %	105.76	(14.1 %)
Q1 2020	406.21	(13.9 %)	121.17	(10.5 %)	12.92	(56.4 %)
Q2 2020	389.53	(6.0 %)	115.82	2.4 %	7.72	1.6 %
Q3 2020	411.24	(15.1 %)	122.14	(11.4 %)	21.93	(16.6 %)
Q4 2020	362.64	(29.3 %)	91.79	(42.9 %)	(12.47)	(129.5 %)
2020	1,569.62	(16.7 %)	450.92	(17.6 %)	30.11	(71.5 %)
Q1 2021	426.21	4.9 %	125.61	3.7 %	14.92	15.4 %
Q2 2021	403.40	3.6 %	114.47	(1.2 %)	12.43	61.0 %
Q3 2021	411.17	0.0 %	116.64	(4.5 %)	20.01	(8.7 %)
Q4 2021	470.54	29.8 %	129.37	40.9 %	13.86	211.2 %
2021	1,711.31	9.0 %	486.09	7.8 %	61.22	103.4 %
Q1 2022	472.98	11.0 %	133.44	6.2 %	15.22	2.0 %
Q2 2022	414.21	2.7 %	125.32	9.5 %	(2.35)	(118.9 %)
Q3 2022	429.62	4.5 %	106.51	(8.7 %)	(10.07)	(150.3 %)
Q4 2022	442.98	(5.9 %)	127.15	(1.7 %)	23.38	68.7 %
2022	1,757.56	2.7 %	496.70	2.2 %	31.32	(48.8 %)
Q1 2023	414.74	(12.3 %)	115.77	(13.2 %)	(4.02)	(126.4 %)
Q2 2023	356.57	(13.9 %)	83.06	(33.7 %)	(30.72)	(1,205.0 %)
Q3 2023	407.05	(5.3 %)	79.78	(25.1 %)	(40.09)	(298.1 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2013	2,286.93	7.8 %	684.07	7.0 %	201.69	10.8 %
2014	2,438.23	6.6 %	739.42	8.1 %	193.47	(4.1 %)
2015	2,339.48	(4.1 %)	738.15	(0.2 %)	205.30	6.1 %
2016	2,083.96	(10.9 %)	667.97	(9.5 %)	116.96	(43.0 %)
2017	1,887.83	(9.4 %)	615.92	(7.8 %)	137.19	17.3 %
2018	1,797.92	(4.8 %)	529.02	(14.1 %)	123.12	(10.3 %)
2019	1,883.94	4.8 %	547.18	3.4 %	105.76	(14.1 %)
2020	1,569.62	(16.7 %)	450.92	(17.6 %)	30.11	(71.5 %)
2021	1,711.31	9.0 %	486.09	7.8 %	61.22	103.4 %
2022	1,757.56	2.7 %	496.70	2.2 %	31.32	(48.8 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2014	52.73	57.9 %	0.42	-	52.73	0.42
Q2 2014	64.37	120.9 %	0.51	-	64.37	0.51
Q3 2014	32.92	14.0 %	0.26	-	32.92	0.26
Q4 2014	36.24	(10.7 %)	0.29	(25.00)	61.24	0.48
2014	184.78	40.0 %	1.46	(25.00)	209.78	1.66
Q1 2015	60.46	14.7 %	0.48	3.44	57.02	0.45
Q2 2015	64.87	0.8 %	0.51	5.70	59.17	0.47
Q3 2015	22.47	(31.7 %)	0.18	6.24	16.23	0.13
Q4 2015	12.54	(65.4 %)	0.10	(22.68)	35.21	0.28
2015	160.33	(13.2 %)	1.27	(7.30)	167.63	1.33
Q1 2016	(50.65)	(183.8 %)	(0.40)	(37.45)	(13.20)	(0.10)
Q2 2016	15.60	(75.9 %)	0.12	-	15.60	0.12
Q3 2016	(48.10)	(314.1 %)	(0.38)	(26.85)	(21.25)	(0.17)
Q4 2016	(79.15)	(731.4 %)	(0.63)	(128.58)	49.43	0.39
2016	(180.66)	(212.7 %)	(1.43)	(211.24)	30.59	0.24
Q1 2017	20.69	140.9 %	0.16	-	20.69	0.16
Q2 2017	3.67	(76.5 %)	0.03	-	3.67	0.03
Q3 2017	4.38	109.1 %	0.03	-	4.38	0.03
Q4 2017	(352.75)	(345.7 %)	(2.79)	(308.75)	(44.00)	(0.35)
2017	(324.02)	(79.4 %)	(2.56)	(308.75)	(15.26)	(0.12)
Q1 2018	11.74	(43.2 %)	0.09	-	11.74	0.09
Q2 2018	(2.02)	(155.1 %)	(0.02)	-	(2.02)	(0.02)
Q3 2018	(4.46)	(201.8 %)	(0.04)	-	(4.46)	(0.04)
Q4 2018	(109.49)	69.0 %	(0.87)	-	(109.49)	(0.87)
2018	(104.23)	67.8 %	(0.82)	-	(104.23)	(0.82)
Q1 2019	5.28	(55.0 %)	0.04	3.20	2.08	0.02
Q2 2019	18.61	1021.0 %	0.15	38.20	(19.60)	(0.16)
Q3 2019	(32.13)	(620.3 %)	(0.25)	-	(32.13)	(0.25)
Q4 2019	(14.51)	86.8 %	(0.11)	-	(14.51)	(0.11)
2019	(22.75)	78.2 %	(0.18)	41.40	(64.15)	(0.51)
Q1 2020	0.17	(96.9 %)	0.00	-	0.17	0.00
Q2 2020	(3.24)	(117.4 %)	(0.03)	-	(3.24)	(0.03)
Q3 2020	(29.74)	7.5 %	(0.24)	(2.60)	(27.14)	(0.21)
Q4 2020	(15.74)	(8.5 %)	(0.12)	(2.00)	(13.74)	(0.11)
2020	(48.55)	(113.4 %)	(0.38)	(4.60)	(43.95)	(0.35)
Q1 2021	(1.39)	(936.7 %)	(0.01)	-	(1.39)	(0.01)
Q2 2021	(0.79)	75.7 %	(0.01)	-	(0.79)	(0.01)
Q3 2021	(26.56)	10.7 %	(0.21)	-	(26.56)	(0.21)
Q4 2021	(34.75)	(120.8 %)	(0.27)	-	(34.75)	(0.27)
2021	(63.49)	(30.8 %)	(0.50)	-	(63.49)	(0.50)
Q1 2022	10.24	836.9 %	0.08	5.84	4.40	0.03
Q2 2022	(20.27)	(2,482.2 %)	(0.16)	-	(20.27)	(0.16)
Q3 2022	(54.63)	(105.7 %)	(0.43)	(31.08)	(23.55)	(0.19)
Q4 2022	74.79	315.2 %	0.59	94.56	(19.77)	(0.16)
2022	10.12	115.9 %	0.08	66.15	(56.03)	(0.44)
Q1 2023	(21.51)	(310.2 %)	(0.17)	-	(21.51)	(0.17)
Q2 2023	(23.64)	(16.6 %)	(0.19)	-	(23.64)	(0.19)
Q3 2023	(39.71)	27.3 %	(0.31)	-	(39.71)	(0.31)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2013	131.97	18.9 %	1.04	-	131.97	1.04
2014	184.78	40.0 %	1.46	(25.00)	209.78	1.66
2015	160.33	(13.2 %)	1.27	(7.30)	167.63	1.33
2016	(180.66)	(212.7 %)	(1.43)	(211.24)	30.59	0.24
2017	(324.02)	(79.4 %)	(2.56)	(308.75)	(15.26)	(0.12)
2018	(104.23)	67.8 %	(0.82)	-	(104.23)	(0.82)
2019	(22.75)	78.2 %	(0.18)	41.40	(64.15)	(0.51)
2020	(48.55)	(113.4 %)	(0.38)	(4.60)	(43.95)	(0.35)
2021	(63.49)	(30.8 %)	(0.50)	-	(63.49)	(0.50)
2022	10.12	115.9 %	0.08	66.15	(56.03)	(0.44)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	29.53 %	11.22 %	6.55 %
Q2 2014	29.38 %	10.99 %	7.91 %
Q3 2014	29.51 %	11.11 %	7.93 %
Q4 2014	30.33 %	11.16 %	8.66 %
2014	30.33 %	11.12 %	8.60 %
Q1 2015	30.39 %	11.42 %	8.87 %
Q2 2015	30.70 %	11.52 %	8.82 %
Q3 2015	31.58 %	11.78 %	8.30 %
Q4 2015	32.63 %	12.07 %	7.72 %
2015	31.55 %	11.88 %	7.17 %
Q1 2016	33.13 %	12.07 %	4.56 %
Q2 2016	33.42 %	11.43 %	2.62 %
Q3 2016	33.22 %	10.53 %	0.81 %
Q4 2016	32.05 %	9.63 %	1.47 %
2016	32.05 %	9.63 %	1.47 %
Q1 2017	32.27 %	9.85 %	3.25 %
Q2 2017	31.89 %	9.55 %	2.75 %
Q3 2017	32.11 %	10.89 %	4.13 %
Q4 2017	32.63 %	11.86 %	(0.81 %)
2017	32.63 %	11.86 %	(0.81 %)
Q1 2018	31.66 %	11.71 %	(1.29 %)
Q2 2018	31.33 %	12.09 %	(1.59 %)
Q3 2018	31.14 %	12.30 %	(2.09 %)
Q4 2018	29.80 %	11.55 %	(5.77 %)
2018	29.42 %	11.62 %	(5.80 %)
Q1 2019	29.50 %	11.19 %	(6.22 %)
Q2 2019	29.14 %	10.66 %	(7.22 %)
Q3 2019	28.36 %	9.94 %	(8.74 %)
Q4 2019	29.04 %	10.83 %	(3.41 %)
2019	29.04 %	10.83 %	(3.41 %)
Q1 2020	29.31 %	10.46 %	(3.63 %)
Q2 2020	29.87 %	11.09 %	(2.77 %)
Q3 2020	30.23 %	11.10 %	(2.60 %)
Q4 2020	28.73 %	8.88 %	(2.80 %)
2020	28.73 %	8.88 %	(2.80 %)
Q1 2021	28.65 %	9.04 %	(2.86 %)
Q2 2021	28.31 %	8.96 %	(2.68 %)
Q3 2021	27.97 %	8.87 %	(2.65 %)
Q4 2021	28.40 %	9.71 %	(3.71 %)
2021	28.40 %	9.71 %	(3.71 %)
Q1 2022	28.09 %	9.41 %	(3.28 %)
Q2 2022	28.54 %	8.53 %	(4.36 %)
Q3 2022	27.67 %	6.69 %	(4.15 %)
Q4 2022	27.98 %	7.35 %	(3.36 %)
2022	28.26 %	7.65 %	(3.19 %)
Q1 2023	27.90 %	6.43 %	(5.00 %)
Q2 2023	26.31 %	4.55 %	(5.38 %)
Q3 2023	25.03 %	2.42 %	(6.45 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2013	29.91 %	11.74 %	5.77 %
2014	30.33 %	11.12 %	8.60 %
2015	31.55 %	11.88 %	7.17 %
2016	32.05 %	9.63 %	1.47 %
2017	32.63 %	11.86 %	(0.81 %)
2018	29.42 %	11.62 %	(5.80 %)
2019	29.04 %	10.83 %	(3.41 %)
2020	28.73 %	8.88 %	(2.80 %)
2021	28.40 %	9.71 %	(3.71 %)
2022	28.26 %	7.65 %	(3.19 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	30.77 %	10.57 %	8.77 %
Q2 2014	29.93 %	11.54 %	10.30 %
Q3 2014	28.63 %	10.84 %	5.42 %
Q4 2014	32.03 %	11.69 %	10.13 %
Q1 2015	31.00 %	11.63 %	9.61 %
Q2 2015	31.17 %	11.93 %	10.19 %
Q3 2015	32.15 %	11.89 %	2.93 %
Q4 2015	37.33 %	13.09 %	7.93 %
Q1 2016	32.78 %	11.59 %	(2.37 %)
Q2 2016	32.07 %	9.28 %	3.10 %
Q3 2016	31.30 %	8.43 %	(4.09 %)
Q4 2016	32.01 %	9.08 %	9.76 %
Q1 2017	33.87 %	12.97 %	4.53 %
Q2 2017	30.36 %	7.82 %	0.85 %
Q3 2017	32.09 %	13.44 %	0.87 %
Q4 2017	33.97 %	12.72 %	(8.81 %)
Q1 2018	29.86 %	12.35 %	2.61 %
Q2 2018	28.89 %	9.47 %	(0.48 %)
Q3 2018	31.39 %	14.29 %	(0.92 %)
Q4 2018	28.89 %	9.78 %	(24.34 %)
Q1 2019	28.68 %	10.90 %	0.44 %
Q2 2019	27.29 %	7.10 %	(4.73 %)
Q3 2019	28.45 %	11.56 %	(6.63 %)
Q4 2019	31.35 %	13.09 %	(2.83 %)
Q1 2020	29.83 %	9.24 %	0.04 %
Q2 2020	29.73 %	9.79 %	(0.83 %)
Q3 2020	29.70 %	11.70 %	(6.60 %)
Q4 2020	25.31 %	4.32 %	(3.79 %)
Q1 2021	29.47 %	9.79 %	(0.33 %)
Q2 2021	28.38 %	9.45 %	(0.19 %)
Q3 2021	28.37 %	11.35 %	(6.46 %)
Q4 2021	27.49 %	8.43 %	(7.39 %)
Q1 2022	28.21 %	8.67 %	0.93 %
Q2 2022	30.26 %	5.68 %	(4.89 %)
Q3 2022	24.79 %	3.57 %	(5.48 %)
Q4 2022	28.70 %	11.16 %	(4.46 %)
Q1 2023	27.91 %	5.09 %	(5.19 %)
Q2 2023	23.29 %	(3.09 %)	(6.63 %)
Q3 2023	19.60 %	(5.01 %)	(9.76 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2014	126.39	1.20	1.20	22.05
Q2 2014	126.39	1.48	1.48	21.10
Q3 2014	126.39	1.51	1.51	22.42
Q4 2014	126.39	1.47	1.67	20.64
Q1 2015	126.39	1.53	1.71	21.25
Q2 2015	126.39	1.54	1.66	21.29
Q3 2015	126.39	1.46	1.53	19.86
Q4 2015	126.39	1.27	1.33	19.95
Q1 2016	126.39	0.39	0.77	19.98
Q2 2016	126.39	0.00	0.43	19.20
Q3 2016	126.39	(0.56)	0.13	18.07
Q4 2016	126.39	(1.28)	0.24	18.53
Q1 2017	126.39	(0.72)	0.51	18.60
Q2 2017	126.39	(0.81)	0.42	17.28
Q3 2017	126.39	(0.40)	0.62	16.96
Q4 2017	126.39	(2.56)	(0.12)	14.15
Q1 2018	126.39	(2.63)	(0.19)	14.02
Q2 2018	126.39	(2.68)	(0.24)	13.52
Q3 2018	126.39	(2.75)	(0.31)	12.82
Q4 2018	126.39	(0.82)	(0.82)	11.26
Q1 2019	126.39	(0.88)	(0.90)	11.89
Q2 2019	126.39	(0.71)	(1.04)	12.01
Q3 2019	126.39	(0.93)	(1.26)	11.74
Q4 2019	126.39	(0.18)	(0.51)	11.09
Q1 2020	126.39	(0.22)	(0.52)	10.34
Q2 2020	126.39	(0.39)	(0.39)	10.29
Q3 2020	126.39	(0.37)	(0.35)	11.37
Q4 2020	126.39	(0.38)	(0.35)	10.92
Q1 2021	126.39	(0.40)	(0.36)	11.33
Q2 2021	126.39	(0.38)	(0.34)	11.91
Q3 2021	126.39	(0.35)	(0.34)	11.79
Q4 2021	126.39	(0.50)	(0.50)	11.09
Q1 2022	126.39	(0.41)	(0.46)	10.99
Q2 2022	126.39	(0.56)	(0.61)	10.21
Q3 2022	126.39	(0.79)	(0.59)	9.70
Q4 2022	126.39	0.08	(0.47)	9.79
Q1 2023	126.39	(0.17)	(0.67)	9.44
Q2 2023	126.39	(0.20)	(0.70)	9.62
Q3 2023	126.39	(0.08)	(0.83)	8.88

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2013	126.39	1.04	1.04	20.37
2014	126.39	1.46	1.66	20.64
2015	126.39	1.27	1.33	19.95
2016	126.39	(1.43)	0.24	18.53
2017	126.39	(2.56)	(0.12)	14.15
2018	126.39	(0.82)	(0.82)	11.26
2019	126.39	(0.18)	(0.51)	11.09
2020	126.39	(0.38)	(0.35)	10.92
2021	126.39	(0.50)	(0.50)	11.09
2022	126.39	0.08	(0.44)	9.79

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2014	21.30	21.30	1.16
Q2 2014	20.60	20.60	1.44
Q3 2014	23.36	23.36	1.57
Q4 2014	16.05	14.15	1.15
Q1 2015	17.61	15.85	1.27
Q2 2015	18.39	17.00	1.33
Q3 2015	14.83	14.10	1.09
Q4 2015	18.49	17.68	1.18
Q1 2016	54.48	27.53	1.06
Q2 2016	NEG	43.35	0.96
Q3 2016	NEG	More than 100	0.72
Q4 2016	NEG	74.17	0.97
Q1 2017	NEG	34.31	0.94
Q2 2017	NEG	39.31	0.95
Q3 2017	NEG	24.71	0.90
Q4 2017	NEG	NEG	0.91
Q1 2018	NEG	NEG	0.79
Q2 2018	NEG	NEG	0.88
Q3 2018	NEG	NEG	0.78
Q4 2018	NEG	NEG	0.82
Q1 2019	NEG	NEG	0.77
Q2 2019	NEG	NEG	0.75
Q3 2019	NEG	NEG	0.78
Q4 2019	NEG	NEG	0.82
Q1 2020	NEG	NEG	0.81
Q2 2020	NEG	NEG	1.00
Q3 2020	NEG	NEG	1.23
Q4 2020	NEG	NEG	1.50
Q1 2021	NEG	NEG	2.16
Q2 2021	NEG	NEG	2.26
Q3 2021	NEG	NEG	2.11
Q4 2021	NEG	NEG	1.72
Q1 2022	NEG	NEG	1.73
Q2 2022	NEG	NEG	1.48
Q3 2022	NEG	NEG	1.39
Q4 2022	More than 100	NEG	1.04
Q1 2023	NEG	NEG	1.16
Q2 2023	NEG	NEG	1.34
Q3 2023	NEG	NEG	1.32

Period	P/E	Adjusted P/E	Price/book
2013	22.27	22.27	1.14
2014	16.18	14.25	1.15
2015	18.49	17.68	1.18
2016	NEG	74.17	0.97
2017	NEG	NEG	0.91
2018	NEG	NEG	0.82
2019	NEG	NEG	0.82
2020	NEG	NEG	1.50
2021	NEG	NEG	1.72
2022	More than 100	NEG	1.04

Business Segments (Million)

Compared With The

Period	The industrial sector	Investments
Q1 2016	555.73	(34.49)
Q2 2016	502.82	(7.49)
Q3 2016	519.22	(37.59)
Q4 2016	506.19	(72.55)
Q1 2017	456.77	13.95
Q2 2017	428.66	9.30
Q3 2017	503.24	(8.06)
Q4 2017	499.16	(362.41)
Q1 2018	449.18	5.04
Q2 2018	424.80	(0.82)
Q3 2018	474.07	(20.42)
Q4 2018	449.88	(112.01)
Q1 2019	471.87	2.32
Q2 2019	414.56	(8.12)
Q3 2019	484.43	(31.43)
Q4 2019	513.08	4.46
Q1 2020	406.21	9.08
Q2 2020	389.53	7.66
Q3 2020	411.24	(26.77)
Q4 2020	362.64	9.33
Q1 2021	426.21	2.85
Q2 2021	403.40	4.75
Q3 2021	411.17	(24.95)
Q4 2021	470.54	(29.39)
Q1 2022	472.98	14.83
Q2 2022	414.21	(4.22)
Q3 2022	432.26	(17.51)
Q4 2022	431.56	88.94
Q1 2023	419.23	2.32
Q2 2023	356.77	11.20
Q3 2023	410.92	2.31

Period	The industrial sector	Investments
2015	2,339.48	78.77
2016	2,083.96	(152.12)
2017	1,887.83	(347.21)
2018	1,797.92	(128.21)
2019	1,883.94	(32.77)
2020	1,569.62	(0.70)
2021	1,711.31	(46.74)
2022	1,757.56	82.04

Financial Ratios

	Current
Market Cap (M Riyal)	1,739.11
Enterprise Value (EV) (M)	2,557.72
Shares Outstanding ((M))	126.39
EPS ( Riyal) (TTM)	(0.47)
Book Value (BV) ( Riyal)	8.48
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	NEG
Price/book	1.62
Return on Average Assets (%) (TTM)	(2.22 )
Return on Average Equity (%) (TTM)	(5.43 )

Sinad Holding Co. (SINAD HOLDING)

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Sinad Holding widens losses to SAR 84.9 mln in 9M 2023; Q3 at SAR 39.7 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) 2023 Q3

Financial Ratios

Share Price

Sinad Holding Co. (SINAD HOLDING)

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Sinad Holding widens losses to SAR 84.9 mln in 9M 2023; Q3 at SAR 39.7 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) Q3 2023

Revenue by Business Segment (Latest) 2023 Q3

Financial Ratios

Share Price

Sinad Holding Co. (SINAD HOLDING)

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Business Segments (Million)