Jarir net profit rises 6% to SAR 267.6 mln in Q1 2021

14/04/2021 Argaam Exclusive

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Share Price

Jarir Marketing Co. (JARIR)

Jarir Marketing Co. reported an estimated net profit after Zakat and tax of SAR 267.6 million for Q1 2021, a rise of 6% from SAR 251.7 million in prior-year period.

On a sequential basis, Q1 2021 net profit dropped 7%.

Current Quarter Comparison (M)

Compared With The

Item	Q1 2020	Q1 2021	Change‬
Revenues	2,340.22	2,530.39	8.1 %
Gross Income	327.46	337.57	3.1 %
Operating Income	264.51	276.92	4.7 %
Net Income	251.69	267.64	6.3 %
Average Shares	1,200.00	1,200.00	-
EPS (Riyals)	0.21	0.22	6.3 %

Item	Q4 2020	Q1 2021	Change‬
Revenues	2,553.83	2,530.39	(0.9 %)
Gross Income	362.96	337.57	(7.0 %)
Operating Income	304.52	276.92	(9.1 %)
Net Income	287.67	267.64	(7.0 %)
Average Shares	1,200.00	1,200.00	-
EPS (Riyals)	0.24	0.22	(7.0 %)

The profit growth was driven by better sales in several retail segments, particularly smart phones and computers, which drove the total sales up 8.1%.

Jarir also reported a decline in general and administrative expenses, as well as finance costs.

Shareholders' equity, excluding minority rights, increased by 4.69% to SAR 1.719 billion in Q1 2021, compared to SAR 1.634 billion a year earlier.

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
Q1 2012	1,196.21	26.5 %	190.19	16.9 %	164.23	20.1 %	0.14
Q2 2012	1,065.83	10.1 %	137.29	7.4 %	106.98	8.6 %	0.09
Q3 2012	1,189.84	(1.6 %)	193.39	5.1 %	160.71	5.1 %	0.13
Q4 2012	1,182.34	15.4 %	173.24	8.9 %	137.91	10.5 %	0.11
2012	4,634.22	11.7 %	694.11	9.5 %	569.82	11.1 %	0.47
Q1 2013	1,329.98	11.2 %	210.75	10.8 %	180.84	10.1 %	0.15
Q2 2013	1,258.28	18.1 %	163.93	19.4 %	126.22	18.0 %	0.11
Q3 2013	1,334.15	12.1 %	218.87	13.2 %	186.19	15.9 %	0.16
Q4 2013	1,320.26	11.7 %	200.80	15.9 %	160.03	16.0 %	0.13
2013	5,242.67	13.1 %	794.36	14.4 %	653.26	14.6 %	0.54
Q1 2014	1,398.85	5.2 %	235.05	11.5 %	201.33	11.3 %	0.17
Q2 2014	1,289.43	2.5 %	173.66	5.9 %	135.23	7.1 %	0.11
Q3 2014	1,426.25	6.9 %	237.37	8.5 %	203.00	9.0 %	0.17
Q4 2014	1,584.20	20.0 %	240.39	19.7 %	205.81	28.6 %	0.17
2014	5,698.72	8.7 %	886.48	11.6 %	745.37	14.1 %	0.62
Q1 2015	1,909.51	36.5 %	283.51	20.6 %	247.02	22.7 %	0.21
Q2 2015	1,405.76	9.0 %	191.37	10.2 %	154.86	14.5 %	0.13
Q3 2015	1,536.06	7.7 %	253.41	6.8 %	218.50	7.6 %	0.18
Q4 2015	1,524.05	(3.8 %)	243.74	1.4 %	208.09	1.1 %	0.17
2015	6,375.38	11.9 %	972.03	9.7 %	828.47	11.1 %	0.69
Q1 2016	1,417.43	(25.8 %)	214.77	(24.2 %)	174.96	(29.2 %)	0.15
Q2 2016	1,390.74	(1.1 %)	162.76	(15.0 %)	126.48	(18.3 %)	0.11
Q3 2016	1,520.93	(1.0 %)	252.93	(0.2 %)	217.92	(0.3 %)	0.18
Q4 2016	1,793.46	17.7 %	244.80	0.4 %	215.32	3.5 %	0.18
2016	6,122.56	(4.0 %)	875.76	(9.9 %)	734.31	(11.4 %)	0.61
Q1 2017	1,704.95	20.3 %	247.38	15.2 %	221.44	26.6 %	0.18
Q2 2017	1,584.80	14.0 %	192.72	18.4 %	147.76	16.8 %	0.12
Q3 2017	1,651.79	8.6 %	290.72	14.9 %	246.53	13.1 %	0.21
Q4 2017	2,000.39	11.5 %	306.42	25.2 %	251.93	17.0 %	0.21
2017	6,941.94	13.4 %	1,037.24	18.4 %	867.66	18.2 %	0.72
Q1 2018	1,599.42	(6.2 %)	242.67	(1.9 %)	219.10	(1.1 %)	0.18
Q2 2018	1,693.32	6.8 %	212.53	10.3 %	162.59	10.0 %	0.14
Q3 2018	1,932.08	17.0 %	338.56	16.5 %	288.00	16.8 %	0.24
Q4 2018	2,136.90	6.8 %	320.07	4.5 %	290.31	15.2 %	0.24
2018	7,361.72	6.0 %	1,113.82	7.4 %	959.99	10.6 %	0.80
Q1 2019	1,886.64	18.0 %	302.14	24.5 %	233.69	6.7 %	0.19
Q2 2019	1,892.58	11.8 %	233.90	10.1 %	169.13	4.0 %	0.14
Q3 2019	2,251.23	16.5 %	389.14	14.9 %	304.97	5.9 %	0.25
Q4 2019	2,394.06	12.0 %	348.00	8.7 %	276.94	(4.6 %)	0.23
2019	8,424.51	14.4 %	1,273.17	14.3 %	984.73	2.6 %	0.82
Q1 2020	2,340.22	24.0 %	327.46	8.4 %	251.69	7.7 %	0.21
Q2 2020	2,373.92	25.4 %	303.74	29.9 %	208.39	23.2 %	0.17
Q3 2020	2,037.85	(9.5 %)	334.46	(14.1 %)	255.24	(16.3 %)	0.21
Q4 2020	2,553.83	6.7 %	362.96	4.3 %	287.67	3.9 %	0.24
2020	9,305.81	10.5 %	1,328.61	4.4 %	1,002.99	1.9 %	0.84
Q1 2021	2,530.39	8.1 %	337.57	3.1 %	267.64	6.3 %	0.22

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2011	4,147.31	37.6 %	633.62	26.3 %	512.99	28.0 %	0.43
2012	4,634.22	11.7 %	694.11	9.5 %	569.82	11.1 %	0.47
2013	5,242.67	13.1 %	794.36	14.4 %	653.26	14.6 %	0.54
2014	5,698.72	8.7 %	886.48	11.6 %	745.37	14.1 %	0.62
2015	6,375.38	11.9 %	972.03	9.7 %	828.47	11.1 %	0.69
2016	6,122.56	(4.0 %)	875.76	(9.9 %)	734.31	(11.4 %)	0.61
2017	6,941.94	13.4 %	1,037.24	18.4 %	867.66	18.2 %	0.72
2018	7,361.72	6.0 %	1,113.82	7.4 %	959.99	10.6 %	0.80
2019	8,424.51	14.4 %	1,273.17	14.3 %	984.73	2.6 %	0.82
2020	9,305.81	10.5 %	1,328.61	4.4 %	1,002.99	1.9 %	0.84

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2012	15.03 %	12.57 %	12.29 %
Q2 2012	14.92 %	12.52 %	12.21 %
Q3 2012	15.19 %	12.79 %	12.44 %
Q4 2012	14.98 %	12.59 %	12.30 %
2012	14.98 %	12.59 %	12.30 %
Q1 2013	14.99 %	12.66 %	12.30 %
Q2 2013	14.94 %	12.59 %	12.21 %
Q3 2013	15.02 %	12.69 %	12.36 %
Q4 2013	15.15 %	12.70 %	12.46 %
2013	15.15 %	12.70 %	12.46 %
Q1 2014	15.41 %	12.97 %	12.68 %
Q2 2014	15.51 %	13.03 %	12.78 %
Q3 2014	15.58 %	13.14 %	12.87 %
Q4 2014	15.56 %	13.18 %	13.08 %
2014	15.56 %	13.18 %	13.08 %
Q1 2015	15.06 %	12.79 %	12.74 %
Q2 2015	15.06 %	12.84 %	12.82 %
Q3 2015	15.05 %	12.90 %	12.84 %
Q4 2015	15.25 %	13.19 %	12.99 %
2015	15.25 %	13.19 %	12.99 %
Q1 2016	15.35 %	13.10 %	12.86 %
Q2 2016	14.91 %	12.59 %	12.41 %
Q3 2016	14.94 %	12.65 %	12.50 %
Q4 2016	14.30 %	12.26 %	12.07 %
2016	14.30 %	12.30 %	12.06 %
Q1 2017	14.16 %	12.40 %	12.25 %
Q2 2017	14.20 %	12.33 %	12.10 %
Q3 2017	14.49 %	12.50 %	12.23 %
Q4 2017	14.94 %	12.73 %	12.39 %
2017	14.94 %	12.73 %	12.39 %
Q1 2018	15.10 %	12.90 %	12.55 %
Q2 2018	15.15 %	13.07 %	12.67 %
Q3 2018	15.23 %	13.18 %	12.76 %
Q4 2018	15.13 %	13.18 %	13.04 %
2018	15.13 %	13.18 %	13.04 %
Q1 2019	15.34 %	13.45 %	12.74 %
Q2 2019	15.22 %	13.68 %	12.50 %
Q3 2019	15.25 %	13.76 %	12.22 %
Q4 2019	15.11 %	13.85 %	11.69 %
2019	15.11 %	13.85 %	11.69 %
Q1 2020	14.63 %	13.37 %	11.29 %
Q2 2020	14.62 %	13.11 %	11.13 %
Q3 2020	14.36 %	12.93 %	10.85 %
Q4 2020	14.28 %	13.00 %	10.78 %
2020	14.28 %	13.00 %	10.78 %
Q1 2021	14.10 %	12.87 %	10.73 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2011	15.28 %	12.72 %	12.37 %
2012	14.98 %	12.59 %	12.30 %
2013	15.15 %	12.70 %	12.46 %
2014	15.56 %	13.18 %	13.08 %
2015	15.25 %	13.19 %	12.99 %
2016	14.30 %	12.30 %	12.06 %
2017	14.94 %	12.73 %	12.39 %
2018	15.13 %	13.18 %	13.04 %
2019	15.11 %	13.85 %	11.69 %
2020	14.28 %	13.00 %	10.78 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2012	15.90 %	13.84 %	13.73 %
Q2 2012	12.88 %	10.50 %	10.04 %
Q3 2012	16.25 %	13.94 %	13.51 %
Q4 2012	14.65 %	11.86 %	11.66 %
Q1 2013	15.85 %	13.94 %	13.60 %
Q2 2013	13.03 %	10.56 %	10.03 %
Q3 2013	16.41 %	14.18 %	13.96 %
Q4 2013	15.21 %	11.98 %	12.12 %
Q1 2014	16.80 %	14.93 %	14.39 %
Q2 2014	13.47 %	10.84 %	10.49 %
Q3 2014	16.64 %	14.55 %	14.23 %
Q4 2014	15.17 %	12.30 %	12.99 %
Q1 2015	14.85 %	13.20 %	12.94 %
Q2 2015	13.61 %	11.25 %	11.02 %
Q3 2015	16.50 %	14.64 %	14.22 %
Q4 2015	15.99 %	13.53 %	13.65 %
Q1 2016	15.15 %	12.79 %	12.34 %
Q2 2016	11.70 %	9.10 %	9.09 %
Q3 2016	16.63 %	14.89 %	14.59 %
Q4 2016	13.65 %	12.07 %	12.01 %
Q1 2017	14.51 %	13.23 %	12.99 %
Q2 2017	12.16 %	9.21 %	8.86 %
Q3 2017	17.60 %	15.38 %	14.93 %
Q4 2017	15.32 %	12.92 %	12.59 %
Q1 2018	15.17 %	13.99 %	13.70 %
Q2 2018	12.55 %	10.12 %	9.60 %
Q3 2018	17.52 %	15.48 %	14.91 %
Q4 2018	14.98 %	12.91 %	13.59 %
Q1 2019	16.01 %	14.98 %	12.39 %
Q2 2019	12.36 %	11.40 %	8.94 %
Q3 2019	17.29 %	15.52 %	13.55 %
Q4 2019	14.54 %	13.33 %	11.57 %
Q1 2020	13.99 %	12.95 %	10.76 %
Q2 2020	12.79 %	10.78 %	8.78 %
Q3 2020	16.41 %	14.94 %	12.52 %
Q4 2020	14.21 %	13.57 %	11.26 %
Q1 2021	13.34 %	12.45 %	10.58 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2012	1,200.00	0.45	0.45	0.81
Q2 2012	1,200.00	0.46	0.46	0.79
Q3 2012	1,200.00	0.46	0.46	0.86
Q4 2012	1,200.00	0.47	0.47	0.86
Q1 2013	1,200.00	0.49	0.49	0.91
Q2 2013	1,200.00	0.50	0.50	0.90
Q3 2013	1,200.00	0.53	0.53	0.97
Q4 2013	1,200.00	0.54	0.54	0.98
Q1 2014	1,200.00	0.56	0.56	1.04
Q2 2014	1,200.00	0.57	0.57	1.02
Q3 2014	1,200.00	0.58	0.58	1.10
Q4 2014	1,200.00	0.62	0.62	1.13
Q1 2015	1,200.00	0.66	0.66	1.20
Q2 2015	1,200.00	0.68	0.68	1.16
Q3 2015	1,200.00	0.69	0.69	1.23
Q4 2015	1,200.00	0.69	0.69	1.25
Q1 2016	1,200.00	0.63	0.63	1.23
Q2 2016	1,200.00	0.61	0.61	1.23
Q3 2016	1,200.00	0.61	0.61	1.29
Q4 2016	1,200.00	0.61	0.62	1.25
Q1 2017	1,200.00	0.65	0.65	1.27
Q2 2017	1,200.00	0.67	0.67	1.23
Q3 2017	1,200.00	0.69	0.69	1.33
Q4 2017	1,200.00	0.72	0.72	1.36
Q1 2018	1,200.00	0.72	0.71	1.35
Q2 2018	1,200.00	0.73	0.73	1.30
Q3 2018	1,200.00	0.77	0.77	1.41
Q4 2018	1,200.00	0.80	0.80	1.42
Q1 2019	1,200.00	0.81	0.81	1.32
Q2 2019	1,200.00	0.82	0.82	1.27
Q3 2019	1,200.00	0.83	0.83	1.39
Q4 2019	1,200.00	0.82	0.82	1.37
Q1 2020	1,200.00	0.84	0.84	1.36
Q2 2020	1,200.00	0.87	0.87	1.36
Q3 2020	1,200.00	0.83	0.83	1.41
Q4 2020	1,200.00	0.84	0.84	1.44
Q1 2021	1,200.00	0.85	0.85	1.43

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2011	1,200.00	0.43	0.43	0.76
2012	1,200.00	0.47	0.47	0.86
2013	1,200.00	0.54	0.54	0.98
2014	1,200.00	0.62	0.62	1.13
2015	1,200.00	0.69	0.69	1.25
2016	1,200.00	0.61	0.62	1.25
2017	1,200.00	0.72	0.72	1.36
2018	1,200.00	0.80	0.80	1.42
2019	1,200.00	0.82	0.82	1.37
2020	1,200.00	0.84	0.84	1.44

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2012	17.10	17.10	9.48
Q2 2012	16.51	16.51	9.54
Q3 2012	16.57	16.57	8.99
Q4 2012	16.35	16.35	9.08
Q1 2013	16.73	16.73	8.95
Q2 2013	19.12	19.12	10.74
Q3 2013	21.98	21.98	11.93
Q4 2013	21.91	21.91	12.20
Q1 2014	27.52	27.52	14.86
Q2 2014	25.93	25.93	14.50
Q3 2014	25.92	25.92	13.78
Q4 2014	22.43	22.43	12.30
Q1 2015	25.01	25.01	13.73
Q2 2015	24.53	24.53	14.28
Q3 2015	19.60	19.60	10.94
Q4 2015	17.37	17.37	9.57
Q1 2016	13.47	13.47	6.90
Q2 2016	14.55	14.55	7.19
Q3 2016	11.47	11.41	5.38
Q4 2016	14.14	14.07	6.91
Q1 2017	15.56	15.48	7.95
Q2 2017	16.44	16.51	8.93
Q3 2017	16.68	16.83	8.70
Q4 2017	15.22	15.35	8.12
Q1 2018	18.40	18.56	9.86
Q2 2018	18.18	18.18	10.24
Q3 2018	17.87	17.87	9.76
Q4 2018	19.00	19.00	10.73
Q1 2019	19.48	19.48	11.98
Q2 2019	20.45	20.45	13.11
Q3 2019	19.00	19.00	11.36
Q4 2019	20.18	20.18	12.08
Q1 2020	15.29	15.29	9.39
Q2 2020	16.81	16.81	10.71
Q3 2020	22.66	22.66	13.32
Q4 2020	20.75	20.75	12.06
Q1 2021	21.43	21.43	12.77

Period	P/E	Adjusted P/E	Price/book
2011	16.29	16.29	9.22
2012	16.35	16.35	9.08
2013	21.91	21.91	12.20
2014	22.43	22.43	12.30
2015	17.37	17.37	9.57
2016	14.15	14.07	6.91
2017	15.22	15.35	8.12
2018	19.00	19.00	10.73
2019	20.18	20.18	12.08
2020	20.75	20.75	12.06

Business Segments (Million)

Compared With The

Period	Retail sector	Wholesale sector	E-Commerce	Other sectors
Q1 2012	1,070.00	126.00	-	-
Q2 2012	1,009.00	57.00	-	-
Q3 2012	1,034.00	156.00	-	-
Q4 2012	1,092.00	90.00	-	-
Q1 2013	1,224.00	106.00	-	-
Q2 2013	1,203.00	55.00	-	-
Q3 2013	1,173.00	161.00	-	-
Q4 2013	1,229.00	92.00	-	-
Q1 2014	1,275.00	124.00	-	-
Q2 2014	1,230.00	59.00	-	-
Q3 2014	1,252.00	175.00	-	-
Q4 2014	1,486.00	98.00	-	-
Q1 2015	1,783.00	127.00	-	-
Q2 2015	1,345.00	60.00	-	-
Q3 2015	1,367.00	169.00	-	-
Q4 2015	1,397.00	127.00	-	-
Q1 2016	1,293.00	85.00	-	39.00
Q2 2016	1,303.00	50.00	-	38.00
Q3 2016	1,326.00	150.00	-	45.00
Q4 2016	1,673.00	71.00	-	50.00
Q1 2017	1,530.00	133.00	-	42.00
Q2 2017	1,497.00	43.00	-	45.00
Q3 2017	1,446.00	154.00	-	52.00
Q4 2017	1,772.00	121.00	-	107.00
Q1 2018	1,487.00	61.00	-	51.00
Q2 2018	1,596.00	35.00	-	63.00
Q3 2018	1,667.00	158.00	-	107.00
Q4 2018	1,873.00	118.00	-	146.00
Q1 2019	1,723.00	66.00	-	98.00
Q3 2019	1,914.00	170.00	135.00	32.00
Q4 2019	2,149.00	93.00	120.20	32.50
Q1 2020	2,071.00	77.00	148.00	44.00
Q2 2020	1,780.00	44.00	520.00	30.00
Q3 2020	1,804.00	66.00	145.00	23.00
Q4 2020	2,089.00	38.00	404.00	23.00
Q1 2021	2,276.00	40.00	193.00	21.00

Period	Retail sector	Wholesale sector	E-Commerce	Other sectors
2011	3,771.00	376.00	-	-
2012	4,205.00	429.00	-	-
2013	4,829.00	414.00	-	-
2014	5,243.00	456.00	-	-
2015	5,892.00	483.00	-	-
2016	5,595.00	356.00	-	172.00
2017	6,245.00	451.00	-	246.00
2018	6,623.00	372.00	-	367.00
2019	7,541.00	362.00	397.20	124.50
2020	7,744.00	225.00	1,217.00	120.00

Analysts Estimates (Million)

Item	Q1 2021 (e)	Q1 2021 (a)	Change‬
Average	261.88	267.64	2.20 %

Estimates vs Actual (Million)

Item	Q1 2021 (e)	Q1 2021 (a)	Change
OSOOL AND BAKHEET	271.00	267.64	(1.2) %
Riyad Capital	277.00	267.64	(3.4) %
AlJazira Capital	252.50	267.64	6.0 %
SNB Capital	247.00	267.64	8.4 %

Financial Ratios

	Current
Market Cap (M Riyal)	15,528.00
Enterprise Value (EV) (M)	15,677.93
Shares Outstanding ((M))	1,200.00
EPS ( Riyal) (TTM)	0.79
Book Value (BV) ( Riyal)	1.42
Par Value ( Riyal)	1.00
Adjusted P/E (Last12)	16.44
P/E (TTM)	16.44
Price/book	9.08
Return on Average Assets (%) (TTM)	22.8
Return on Average Equity (%) (TTM)	54.2

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Search Result

Jarir net profit rises 6% to SAR 267.6 mln in Q1 2021

View other reports

Share Price

Jarir Marketing Co. (JARIR)

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) 2021 Q1

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

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Jarir net profit rises 6% to SAR 267.6 mln in Q1 2021

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Share Price

Jarir Marketing Co. (JARIR)

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) Q1 2021

Revenue by Business Segment (Latest) 2021 Q1

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

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Business Segments (Million)