SAPTCO 9M 2024 earnings plunge to SAR 1.1M; Q3 at SAR 10.2M

05/11/2024 Argaam Exclusive

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Saudi Public Transport Co. (SAPTCO) posted a net profit of SAR 1.1 million in the first nine months of 2024, down from SAR 36.2 million in the prior-year period.

Financials (M)

Item	9m 2023	9m 2024	Change‬
Revenues	1,197.42	1,156.81	(3.4 %)
Gross Income	248.25	237.15	(4.5 %)
Operating Income	144.27	138.66	(3.9 %)
Net Income	36.25	1.10	(97.0 %)
Average Shares	125.00	125.00	-
EPS (Riyals)	0.29	0.01	(97.0 %)

The profit decline was a result of a decrease in operating revenue due to a reduction in the public transportation operations.

In addition, the company saw an increase in general and administrative expenses, financing costs, and Zakat and tax expenses.

During the period, SAPTCO recognized a higher impairment in trade receivables and an increase in losses from joint ventures, as well as a decrease in other income.

However, cost of revenue, selling and distribution expenses decreased, and finance income increased. Additionally, there was a recognition of profit from the associated company, and reversal of impairment loss on assets held for sale.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2023	Q3 2024	Change‬
Revenues	431.85	421.10	(2.5 %)
Gross Income	116.09	115.25	(0.7 %)
Operating Income	77.07	74.65	(3.1 %)
Net Income	20.20	10.20	(49.5 %)
Average Shares	125.00	125.00	-
EPS (Riyals)	0.16	0.08	(49.5 %)

Item	Q2 2024	Q3 2024	Change‬
Revenues	427.20	421.10	(1.4 %)
Gross Income	107.53	115.25	7.2 %
Operating Income	74.02	74.65	0.9 %
Net Income	40.00	10.20	(74.5 %)
Average Shares	125.00	125.00	-
EPS (Riyals)	0.32	0.08	(74.5 %)

The company's net earnings fell 50% to SAR 10.2 million in Q3 2024 from SAR 20.2 million in Q3 2023, as public transport operation decreased due to the end of concession contract.

When compared to the previous quarter, SAPTCO’s Q3 net profit dropped 74.5% from SAR 40 million as Hajj revenues edged lower along with a decrease in public transport operations.

Shareholders’ equity, after minority interest, stood at SAR 915.20 million as of Sept. 30, 2024, compared to SAR 981.33 million a year earlier.

Accumulated losses amounted to SAR 334.79 million as of Sept. 30, 2024, representing 26.78% of the company's capital.

View More Financial Results

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2015	238.82	3.2 %	37.09	(10.6 %)	10.28	(49.7 %)
Q2 2015	252.93	10.1 %	30.08	(2.6 %)	2.55	(77.4 %)
Q3 2015	360.90	32.3 %	123.15	173.9 %	80.99	579.6 %
Q4 2015	248.06	(13.1 %)	36.83	(47.6 %)	(9.80)	(132.7 %)
2015	1,102.31	8.2 %	231.09	23.2 %	98.90	34.4 %
Q1 2016	257.00	7.6 %	44.33	19.5 %	16.81	63.5 %
Q2 2016	284.21	12.4 %	44.58	48.2 %	6.79	166.2 %
Q3 2016	375.56	4.1 %	125.18	1.6 %	92.91	14.7 %
Q4 2016	234.88	(5.3 %)	26.75	(27.4 %)	(18.20)	(85.7 %)
2016	1,151.64	4.5 %	240.85	4.2 %	97.56	(1.4 %)
Q1 2017	228.99	(10.9 %)	15.70	(64.6 %)	(11.82)	(170.3 %)
Q2 2017	294.17	3.5 %	53.85	20.8 %	26.90	296.3 %
Q3 2017	385.50	2.6 %	108.59	(13.3 %)	78.08	(16.0 %)
Q4 2017	218.87	(6.8 %)	(6.61)	(124.7 %)	(54.81)	(201.2 %)
2017	1,127.53	(2.1 %)	171.53	(28.8 %)	38.35	(60.7 %)
Q1 2018	234.18	2.3 %	3.04	(80.6 %)	(19.77)	(67.2 %)
Q2 2018	325.46	10.6 %	29.51	(45.2 %)	(3.68)	(113.7 %)
Q3 2018	464.85	20.6 %	140.27	29.2 %	103.93	33.1 %
Q4 2018	430.97	96.9 %	(0.89)	86.5 %	(59.89)	(9.3 %)
2018	1,455.45	29.1 %	171.93	0.2 %	20.59	(46.3 %)
Q1 2019	411.06	75.5 %	(1.83)	(160.1 %)	(32.50)	(64.4 %)
Q2 2019	428.87	31.8 %	29.49	(0.1 %)	(2.02)	45.2 %
Q3 2019	485.31	4.4 %	172.50	23.0 %	119.62	15.1 %
Q4 2019	386.66	(10.3 %)	14.91	1775.5 %	(35.83)	40.2 %
2019	1,711.89	17.6 %	219.37	27.6 %	49.27	139.3 %
Q1 2020	420.06	2.2 %	3.79	307.3 %	(27.37)	15.8 %
Q2 2020	122.75	(71.4 %)	(82.89)	(381.1 %)	(113.69)	(5,528.4 %)
Q3 2020	313.93	(35.3 %)	(26.46)	(115.3 %)	(56.77)	(147.5 %)
Q4 2020	312.93	(19.1 %)	(14.58)	(197.8 %)	(60.83)	(69.8 %)
2020	1,169.66	(31.7 %)	(120.14)	(154.8 %)	(258.66)	(625.0 %)
Q1 2021	211.58	(49.6 %)	(12.97)	(442.1 %)	(35.49)	(29.7 %)
Q2 2021	246.38	100.7 %	(9.86)	88.1 %	(24.78)	78.2 %
Q3 2021	221.68	(29.4 %)	(12.22)	53.8 %	(39.81)	29.9 %
Q4 2021	280.93	(10.2 %)	37.40	356.5 %	(57.66)	5.2 %
2021	960.57	(17.9 %)	2.35	102.0 %	(157.74)	39.0 %
Q1 2022	299.31	41.5 %	25.38	295.7 %	(9.20)	74.1 %
Q2 2022	310.36	26.0 %	43.81	544.2 %	14.36	157.9 %
Q3 2022	352.98	59.2 %	80.68	760.2 %	33.63	184.5 %
Q4 2022	356.82	27.0 %	26.22	(29.9 %)	(80.48)	(39.6 %)
2022	1,319.47	37.4 %	176.08	7399.3 %	(41.70)	73.6 %
Q1 2023	307.67	2.8 %	10.20	(59.8 %)	(27.07)	(194.2 %)
Q2 2023	457.90	47.5 %	121.96	178.4 %	70.46	390.8 %
Q3 2023	431.85	22.3 %	116.09	43.9 %	77.07	129.2 %
Q4 2023	372.24	4.3 %	22.47	(14.3 %)	(57.40)	28.7 %
2023	1,569.66	19.0 %	270.73	53.7 %	60.08	244.1 %
Q1 2024	308.52	0.3 %	14.37	40.8 %	(17.56)	35.1 %
Q2 2024	427.20	(6.7 %)	107.53	(11.8 %)	74.02	5.0 %
Q3 2024	421.10	(2.5 %)	115.25	(0.7 %)	74.65	(3.1 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2014	1,019.20	5.3 %	187.59	7.6 %	73.57	30.0 %
2015	1,102.31	8.2 %	231.09	23.2 %	98.90	34.4 %
2016	1,151.64	4.5 %	240.85	4.2 %	97.56	(1.4 %)
2017	1,127.53	(2.1 %)	171.53	(28.8 %)	38.35	(60.7 %)
2018	1,455.45	29.1 %	171.93	0.2 %	20.59	(46.3 %)
2019	1,711.89	17.6 %	219.37	27.6 %	49.27	139.3 %
2020	1,169.66	(31.7 %)	(120.14)	(154.8 %)	(258.66)	(625.0 %)
2021	960.57	(17.9 %)	2.35	102.0 %	(157.74)	39.0 %
2022	1,319.47	37.4 %	176.08	7399.3 %	(41.70)	73.6 %
2023	1,569.66	19.0 %	270.73	53.7 %	60.08	244.1 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2015	137.91	553.7 %	1.10	118.82	19.09	0.15
Q2 2015	12.82	(42.9 %)	0.10	1.13	11.68	0.09
Q3 2015	81.40	242.1 %	0.65	3.68	77.72	0.62
Q4 2015	(35.51)	(202.3 %)	(0.28)	(7.46)	(28.05)	(0.22)
2015	210.86	106.6 %	1.69	116.17	94.69	0.76
Q1 2016	32.77	(76.2 %)	0.26	7.24	25.53	0.20
Q2 2016	10.66	(16.9 %)	0.09	0.35	10.31	0.08
Q3 2016	87.25	7.2 %	0.70	-	87.25	0.70
Q4 2016	1.82	105.1 %	0.01	-	1.82	0.01
2016	132.49	(37.2 %)	1.06	7.59	124.90	1.00
Q1 2017	2.48	(92.4 %)	0.02	-	2.48	0.02
Q2 2017	38.66	262.8 %	0.31	-	38.66	0.31
Q3 2017	62.47	(28.4 %)	0.50	-	62.47	0.50
Q4 2017	(24.70)	(1460.7 %)	(0.20)	-	(24.70)	(0.20)
2017	78.91	(40.4 %)	0.63	-	78.91	0.63
Q1 2018	(4.86)	(295.9 %)	(0.04)	-	(4.86)	(0.04)
Q2 2018	(30.30)	(178.4 %)	(0.24)	(27.68)	(2.62)	(0.02)
Q3 2018	94.87	51.9 %	0.76	-	94.87	0.76
Q4 2018	(39.30)	(59.1 %)	(0.31)	-	(39.30)	(0.31)
2018	20.42	(74.1 %)	0.16	(27.68)	48.10	0.38
Q1 2019	(11.00)	(126.4 %)	(0.09)	-	(11.00)	(0.09)
Q2 2019	(9.23)	69.6 %	(0.07)	-	(9.23)	(0.07)
Q3 2019	97.11	2.4 %	0.78	-	97.11	0.78
Q4 2019	(41.56)	(5.8 %)	(0.33)	-	(41.56)	(0.33)
2019	35.32	73.0 %	0.28	-	35.32	0.28
Q1 2020	(39.98)	(263.6 %)	(0.32)	-	(39.98)	(0.32)
Q2 2020	(138.64)	(1,402.8 %)	(1.11)	-	(138.64)	(1.11)
Q3 2020	(120.95)	(224.6 %)	(0.97)	(42.71)	(78.25)	(0.63)
Q4 2020	(75.59)	(81.9 %)	(0.60)	-	(75.59)	(0.60)
2020	(375.16)	(1162.1 %)	(3.00)	(42.71)	(332.46)	(2.66)
Q1 2021	(53.73)	(34.4 %)	(0.43)	-	(53.73)	(0.43)
Q2 2021	(39.98)	71.2 %	(0.32)	-	(39.98)	(0.32)
Q3 2021	(55.96)	53.7 %	(0.45)	-	(55.96)	(0.45)
Q4 2021	(66.51)	12.0 %	(0.53)	14.20	(80.72)	(0.65)
2021	(216.19)	42.4 %	(1.73)	14.20	(230.39)	(1.84)
Q1 2022	(3.54)	93.4 %	(0.03)	24.30	(27.83)	(0.22)
Q2 2022	1.97	104.9 %	0.02	-	1.97	0.02
Q3 2022	4.04	107.2 %	0.03	-	4.04	0.03
Q4 2022	(93.34)	(40.3 %)	(0.75)	-	(93.34)	(0.75)
2022	(90.87)	58.0 %	(0.73)	24.30	(115.17)	(0.92)
Q1 2023	(44.43)	(1,156.1 %)	(0.36)	-	(44.43)	(0.36)
Q2 2023	60.48	2965.2 %	0.48	12.80	47.67	0.38
Q3 2023	20.20	400.6 %	0.16	-	20.20	0.16
Q4 2023	(71.83)	23.0 %	(0.57)	-	(71.83)	(0.57)
2023	(35.58)	60.8 %	(0.28)	12.80	(48.39)	(0.39)
Q1 2024	(49.10)	(10.5 %)	(0.39)	-	(49.10)	(0.39)
Q2 2024	40.00	(33.9 %)	0.32	-	40.00	0.32
Q3 2024	10.20	(49.5 %)	0.08	-	10.20	0.08

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2014	102.05	31.5 %	0.82	23.90	78.15	0.63
2015	210.86	106.6 %	1.69	116.17	94.69	0.76
2016	132.49	(37.2 %)	1.06	7.59	124.90	1.00
2017	78.91	(40.4 %)	0.63	-	78.91	0.63
2018	20.42	(74.1 %)	0.16	(27.68)	48.10	0.38
2019	35.32	73.0 %	0.28	-	35.32	0.28
2020	(375.16)	(1162.1 %)	(3.00)	(42.71)	(332.46)	(2.66)
2021	(216.19)	42.4 %	(1.73)	14.20	(230.39)	(1.84)
2022	(90.87)	58.0 %	(0.73)	24.30	(115.17)	(0.92)
2023	(35.58)	60.8 %	(0.28)	12.80	(48.39)	(0.39)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	17.84 %	22.59 %	7.46 %
Q2 2015	17.37 %	20.32 %	7.30 %
Q3 2015	22.90 %	24.08 %	12.53 %
Q4 2015	20.64 %	20.29 %	7.31 %
2015	20.96 %	21.61 %	8.59 %
Q1 2016	20.95 %	20.86 %	7.77 %
Q2 2016	21.64 %	21.07 %	7.43 %
Q3 2016	21.54 %	22.55 %	8.16 %
Q4 2016	20.91 %	22.32 %	10.84 %
2016	20.91 %	22.26 %	10.84 %
Q1 2017	18.89 %	21.02 %	9.06 %
Q2 2017	19.54 %	23.59 %	11.49 %
Q3 2017	17.92 %	21.98 %	9.22 %
Q4 2017	15.21 %	20.10 %	7.00 %
2017	15.21 %	20.10 %	7.00 %
Q1 2018	14.03 %	19.58 %	6.32 %
Q2 2018	11.56 %	16.41 %	2.60 %
Q3 2018	13.37 %	18.02 %	5.04 %
Q4 2018	11.81 %	14.73 %	3.30 %
2018	11.81 %	14.73 %	3.30 %
Q1 2019	10.23 %	12.25 %	2.57 %
Q2 2019	9.62 %	11.40 %	2.04 %
Q3 2019	11.35 %	12.01 %	2.14 %
Q4 2019	12.56 %	13.70 %	2.06 %
2019	12.81 %	13.70 %	2.06 %
Q1 2020	12.82 %	13.95 %	0.37 %
Q2 2020	7.66 %	9.09 %	(8.70 %)
Q3 2020	(7.29 %)	(3.95 %)	(24.00 %)
Q4 2020	(10.27 %)	(5.25 %)	(28.42 %)
2020	(10.27 %)	(5.25 %)	(28.42 %)
Q1 2021	(14.24 %)	(7.41 %)	(36.02 %)
Q2 2021	(5.89 %)	1.22 %	(22.82 %)
Q3 2021	(5.00 %)	2.76 %	(22.70 %)
Q4 2021	0.24 %	1.66 %	(23.98 %)
2021	0.24 %	1.66 %	(23.98 %)
Q1 2022	3.88 %	3.73 %	(19.51 %)
Q2 2022	8.48 %	7.02 %	(14.61 %)
Q3 2022	15.06 %	12.27 %	(8.25 %)
Q4 2022	13.35 %	10.11 %	(8.73 %)
2022	13.35 %	10.11 %	(8.73 %)
Q1 2023	12.12 %	9.08 %	(9.92 %)
Q2 2023	16.20 %	12.59 %	(5.83 %)
Q3 2023	17.66 %	15.16 %	(4.50 %)
Q4 2023	17.25 %	16.54 %	(3.08 %)
2023	17.25 %	16.36 %	(3.08 %)
Q1 2024	17.50 %	17.30 %	(3.38 %)
Q2 2024	16.92 %	17.81 %	(3.94 %)
Q3 2024	16.98 %	-	(4.63 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2014	18.41 %	24.73 %	7.67 %
2015	20.96 %	21.61 %	8.59 %
2016	20.91 %	22.26 %	10.84 %
2017	15.21 %	20.10 %	7.00 %
2018	11.81 %	14.73 %	3.30 %
2019	12.81 %	13.70 %	2.06 %
2020	(10.27 %)	(5.25 %)	(28.42 %)
2021	0.24 %	1.66 %	(23.98 %)
2022	13.35 %	10.11 %	(8.73 %)
2023	17.25 %	16.36 %	(3.08 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	15.53 %	18.21 %	7.99 %
Q2 2015	11.89 %	14.39 %	4.62 %
Q3 2015	34.12 %	32.37 %	21.54 %
Q4 2015	14.85 %	10.75 %	(11.31 %)
Q1 2016	17.25 %	20.81 %	9.93 %
Q2 2016	15.69 %	15.98 %	3.63 %
Q3 2016	33.33 %	36.50 %	23.23 %
Q4 2016	11.39 %	8.98 %	0.77 %
Q1 2017	6.86 %	14.21 %	1.08 %
Q2 2017	18.31 %	26.08 %	13.14 %
Q3 2017	28.17 %	31.39 %	16.20 %
Q4 2017	(3.02 %)	(1.63 %)	(11.28 %)
Q1 2018	1.30 %	11.78 %	(2.07 %)
Q2 2018	9.07 %	14.14 %	(0.80 %)
Q3 2018	30.18 %	33.13 %	20.41 %
Q4 2018	(0.21 %)	(3.09 %)	(9.12 %)
Q1 2019	(0.44 %)	3.23 %	(2.67 %)
Q2 2019	6.88 %	10.23 %	(2.15 %)
Q3 2019	35.54 %	34.44 %	20.01 %
Q4 2019	3.86 %	2.65 %	(10.75 %)
Q1 2020	0.90 %	4.48 %	(9.52 %)
Q2 2020	(67.53 %)	(55.03 %)	(112.94 %)
Q3 2020	(8.43 %)	(3.37 %)	(24.92 %)
Q4 2020	(4.66 %)	(0.68 %)	(24.16 %)
Q1 2021	(6.13 %)	4.28 %	(25.40 %)
Q2 2021	(4.00 %)	6.87 %	(16.23 %)
Q3 2021	(5.51 %)	1.61 %	(25.24 %)
Q4 2021	13.31 %	(4.85 %)	(28.73 %)
Q1 2022	8.48 %	10.78 %	(9.30 %)
Q2 2022	14.11 %	18.01 %	0.64 %
Q3 2022	22.86 %	22.12 %	1.14 %
Q4 2022	7.35 %	(9.20 %)	(26.16 %)
Q1 2023	3.32 %	6.32 %	(14.44 %)
Q2 2023	26.63 %	26.43 %	10.41 %
Q3 2023	26.88 %	29.64 %	4.68 %
Q4 2023	6.04 %	(2.35 %)	(19.30 %)
Q1 2024	4.66 %	10.17 %	(15.91 %)
Q2 2024	25.17 %	28.95 %	9.36 %
Q3 2024	27.37 %	-	2.42 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2015	125.00	1.75	0.61	13.07
Q2 2015	125.00	1.67	0.61	11.97
Q3 2015	125.00	2.13	1.14	12.42
Q4 2015	125.00	1.57	0.64	12.18
Q1 2016	125.00	0.73	0.70	12.38
Q2 2016	125.00	0.71	0.68	12.02
Q3 2016	125.00	0.76	0.76	12.61
Q4 2016	125.00	1.06	1.00	12.82
Q1 2017	125.00	0.82	0.81	12.34
Q2 2017	125.00	1.04	1.04	12.71
Q3 2017	125.00	0.84	0.84	13.19
Q4 2017	125.00	0.63	0.63	12.96
Q1 2018	125.00	0.57	0.57	13.02
Q2 2018	125.00	0.02	0.24	12.33
Q3 2018	125.00	0.28	0.50	13.06
Q4 2018	125.00	0.16	0.38	12.68
Q1 2019	125.00	0.11	0.34	12.71
Q2 2019	125.00	0.28	0.28	12.64
Q3 2019	125.00	0.30	0.30	13.39
Q4 2019	125.00	0.28	0.28	13.07
Q1 2020	125.00	0.05	0.05	12.61
Q2 2020	125.00	(0.98)	(0.98)	11.58
Q3 2020	125.00	(2.73)	(2.39)	10.75
Q4 2020	125.00	(3.00)	(2.66)	10.17
Q1 2021	125.00	(3.11)	(2.77)	9.74
Q2 2021	125.00	(2.32)	(1.98)	9.42
Q3 2021	125.00	(1.80)	(1.80)	8.97
Q4 2021	125.00	(1.73)	(1.84)	8.40
Q1 2022	125.00	(1.33)	(1.64)	8.37
Q2 2022	125.00	(0.99)	(1.30)	8.38
Q3 2022	125.00	(0.51)	(0.82)	8.42
Q4 2022	125.00	(0.73)	(0.92)	7.56
Q1 2023	125.00	(1.05)	(1.05)	7.21
Q2 2023	125.00	(0.59)	(0.69)	7.69
Q3 2023	125.00	(0.46)	(0.56)	7.85
Q4 2023	125.00	(0.28)	(0.39)	7.31
Q1 2024	125.00	(0.32)	(0.42)	6.92
Q2 2024	125.00	(0.49)	(0.49)	7.24
Q3 2024	125.00	(0.57)	(0.57)	7.32

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2014	125.00	0.82	0.63	11.95
2015	125.00	1.69	0.76	12.18
2016	125.00	1.06	1.00	12.82
2017	125.00	0.63	0.63	12.96
2018	125.00	0.16	0.38	12.68
2019	125.00	0.28	0.28	13.07
2020	125.00	(3.00)	(2.66)	10.17
2021	125.00	(1.73)	(1.84)	8.40
2022	125.00	(0.73)	(0.92)	7.56
2023	125.00	(0.28)	(0.39)	7.31

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2015	16.28	46.54	2.18
Q2 2015	16.35	44.63	2.29
Q3 2015	8.31	15.56	1.43
Q4 2015	10.66	26.06	1.38
Q1 2016	16.57	17.45	0.98
Q2 2016	18.88	19.72	1.12
Q3 2016	15.25	15.27	0.92
Q4 2016	14.32	15.19	1.18
Q1 2017	17.85	17.91	1.18
Q2 2017	13.43	13.43	1.10
Q3 2017	17.30	17.30	1.11
Q4 2017	25.54	25.54	1.24
Q1 2018	28.26	28.26	1.24
Q2 2018	More than 100	60.24	1.18
Q3 2018	50.12	27.99	1.08
Q4 2018	85.48	36.28	1.10
Q1 2019	More than 100	43.02	1.14
Q2 2019	48.02	48.02	1.07
Q3 2019	54.93	54.93	1.23
Q4 2019	63.63	63.63	1.38
Q1 2020	More than 100	More than 100	0.93
Q2 2020	NEG	NEG	1.22
Q3 2020	NEG	NEG	1.69
Q4 2020	NEG	NEG	1.76
Q1 2021	NEG	NEG	2.67
Q2 2021	NEG	NEG	3.04
Q3 2021	NEG	NEG	2.97
Q4 2021	NEG	NEG	2.40
Q1 2022	NEG	NEG	2.68
Q2 2022	NEG	NEG	1.83
Q3 2022	NEG	NEG	1.81
Q4 2022	NEG	NEG	2.11
Q1 2023	NEG	NEG	2.50
Q2 2023	NEG	NEG	2.49
Q3 2023	NEG	NEG	2.25
Q4 2023	NEG	NEG	2.84
Q1 2024	NEG	NEG	2.85
Q2 2024	NEG	NEG	2.48
Q3 2024	NEG	NEG	2.95

Period	P/E	Adjusted P/E	Price/book
2014	29.40	38.39	2.01
2015	9.94	22.14	1.38
2016	14.32	15.19	1.18
2017	25.54	25.54	1.24
2018	85.48	36.28	1.10
2019	63.63	63.63	1.38
2020	NEG	NEG	1.76
2021	NEG	NEG	2.40
2022	NEG	NEG	2.11
2023	NEG	NEG	2.84

Business Segments (Million)

Compared With The

Period	passenger transport segment	Public transportation project	Specialized Services	Digital mobility solutions	The main center	Consolidation adjustments & eliminations
Q1 2015	157.40	-	59.58	-	21.84	-
Q2 2015	171.90	-	50.46	-	30.58	-
Q3 2015	219.06	-	117.79	-	24.06	-
Q4 2015	151.02	-	60.98	-	37.32	-
Q1 2016	170.55	15.87	51.44	-	20.59	(1.45)
Q2 2016	184.82	19.26	55.78	-	22.91	-
Q3 2016	202.55	15.20	139.96	-	17.84	-
Q4 2016	187.31	28.68	80.22	-	(61.34)	-
Q1 2017	147.62	19.54	61.84	-	-	-
Q2 2017	192.41	17.44	60.57	-	23.76	-
Q3 2017	171.30	17.82	176.66	-	19.73	-
Q4 2017	177.41	21.94	81.17	-	(61.65)	-
Q1 2018	144.48	28.49	61.20	-	-	-
Q2 2018	193.89	57.80	73.77	-	-	-
Q3 2018	193.21	83.99	187.66	-	-	-
Q4 2018	143.61	233.37	53.99	-	-	-
Q1 2019	141.03	215.18	54.84	-	-	-
Q2 2019	185.83	187.00	56.04	-	-	-
Q3 2019	179.93	105.68	199.71	-	-	-
Q4 2019	160.19	167.11	59.35	-	-	-
Q1 2020	134.54	237.39	48.13	-	-	-
Q2 2020	13.62	94.72	14.40	-	-	-
Q3 2020	85.74	203.90	24.29	-	-	-
Q4 2020	116.26	174.54	22.13	-	-	-
Q1 2021	102.91	81.90	26.77	-	-	-
Q2 2021	99.49	112.47	34.42	-	-	-
Q3 2021	115.23	66.05	40.41	-	-	-
Q4 2021	155.06	71.94	52.10	1.96	-	(0.13)
Q1 2022	139.33	104.25	53.47	2.39	-	(0.12)
Q2 2022	168.89	70.06	66.61	5.40	0.22	(0.82)
Q3 2022	165.40	60.38	120.39	7.18	-	(0.15)
Q4 2022	157.30	98.47	92.66	9.60	-	(1.21)
Q1 2023	152.70	76.79	70.26	8.42	-	(0.50)
Q2 2023	174.91	79.52	197.16	6.79	-	(0.47)
Q3 2023	155.51	185.56	84.89	6.39	-	(0.50)
Q4 2023	63.77	204.76	106.30	5.59	-	(8.18)
Q1 2024	71.78	108.01	124.11	13.58	-	(8.95)
Q2 2024	75.39	110.25	240.60	9.29	-	(8.34)
Q3 2024	82.78	250.57	62.11	9.82	-	15.82

Period	passenger transport segment	Public transportation project	Specialized Services	Digital mobility solutions	The main center	Consolidation adjustments & eliminations
2014	648.42	-	282.23	-	88.55	-
2015	699.36	14.84	288.81	-	99.30	-
2016	745.22	79.01	327.41	-	-	-
2017	678.36	76.73	372.44	-	-	-
2018	675.19	403.65	376.62	-	-	-
2019	666.98	674.98	369.93	-	-	-
2020	350.17	710.54	108.95	-	-	-
2021	472.68	332.37	153.69	1.96	-	(0.13)
2022	630.92	333.16	333.12	24.57	-	(2.31)
2023	546.88	546.63	458.62	27.18	-	(9.65)

Financial Ratios

	Current
Market Cap (M Riyal)	2,765.00
Enterprise Value (EV) (M)	3,756.66
Shares Outstanding ((M))	125.00
EPS ( Riyal) (TTM)	(0.57)
Book Value (BV) ( Riyal)	7.32
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	NEG
Price/book	3.02
Return on Average Assets (%) (TTM)	(1.70 )
Return on Average Equity (%) (TTM)	(7.46 )

Saudi Public Transport Co. (SAPTCO)

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SAPTCO 9M 2024 earnings plunge to SAR 1.1M; Q3 at SAR 10.2M

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Profit Performance (Million)

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SAPTCO 9M 2024 earnings plunge to SAR 1.1M; Q3 at SAR 10.2M

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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) Q3 2024

Revenue by Business Segment (Latest) 2024 Q3

Financial Ratios

Share Price

Saudi Public Transport Co. (SAPTCO)

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Business Segments (Million)