Almarai 2023 profit up 16% to SAR 2.04B; Q4 at SAR 370.7M

21/01/2024 Argaam Exclusive

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Share Price

Almarai Co. (ALMARAI)

Almarai Co. reported a rise of 16% year-on-year (YoY) in net profit to SAR 2.04 billion for 2023, compared to SAR 1.75 billion in 2022.

Financials (M)

Item	2022	2023	Change‬
Revenues	18,722.26	19,575.59	4.6 %
Gross Income	5,624.22	6,051.29	7.6 %
Operating Income	2,429.69	2,758.35	13.5 %
Net Income	1,759.81	2,049.12	16.4 %
Average Shares	1,000.00	1,000.00	-
EPS (Riyals)	1.76	2.05	16.4 %

The profit increase was driven by a 5% YoY increase in revenue, supported by the strong performance in core GCC markets. This resulted in a growth of 8% YoY for the group, led by the poultry and dairy segments. However, the net revenue growth was reduced to 5% YoY on the group level due to the devaluation of the Egyptian pound and lower sales of fodder from the US operations.

Meanwhile, operating profit grew 18% YoY due to cost control and stable commodity costs. The results improved due to the expansion of the poultry category, the launch of several new products and the effect of the increased direct marketing communication with consumers.

Shareholder net profit for the current year was higher than last year due to positive operating profit growth and the acquisition of the 100% share of the group's operations in Egypt and Jordan, despite higher funding costs due to higher interest rates.

The dairy & juice segment’s net profit increased YoY due to improved sales in the Gulf countries, and strict cost controls. The strong results were achieved while managing the impact of the Egyptian pound devaluation in this business category.

The bakery segment saw higher net profit driven by both volume and sales growth. The top-line growth was driven by multiple factors, including improved bread sales, growth in single-serve products, product innovation, and economies of scale.

Additionally, the poultry segment reported an increase in net profit due to sales growth aided by additional production capacity and improved operational efficiency.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2022	Q4 2023	Change‬
Revenues	4,839.23	4,919.74	1.7 %
Gross Income	1,333.99	1,396.91	4.7 %
Operating Income	501.18	538.48	7.4 %
Net Income	355.82	370.72	4.2 %
Average Shares	1,000.00	1,000.00	-
EPS (Riyals)	0.36	0.37	4.2 %

Item	Q3 2023	Q4 2023	Change‬
Revenues	4,796.93	4,919.74	2.6 %
Gross Income	1,469.45	1,396.91	(4.9 %)
Operating Income	646.71	538.48	(16.7 %)
Net Income	486.26	370.72	(23.8 %)
Average Shares	1,000.00	1,000.00	-
EPS (Riyals)	0.49	0.37	(23.8 %)

The fourth-quarter net profit leapt 4.2% to SAR 370.72 million from SAR 355.82 million in the prior-year period, backed by a 2% YoY rise in revenue despite higher finance costs.

Operating profit also grew by 5% YoY on better sales. The company also capitalized on the synergies driven by the full acquisition of the Egypt and Jordan business earlier in the year.

Compared to the previous quarter, net profit dropped by 23.8% from SAR 486.26 million in Q4 2022, due to seasonal adjustment in consumption patterns.

Total shareholders’ equity, excluding minority interest, increased to SAR 17.79 billion as of Dec. 31, 2023, from SAR 16.67 billion a year earlier.

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Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
Q1 2014	2,718.92	12.8 %	918.95	11.0 %	273.58	7.2 %	0.27
Q2 2014	3,286.52	14.4 %	1,149.16	11.1 %	433.29	8.8 %	0.43
Q3 2014	3,269.37	11.7 %	1,390.72	25.9 %	539.44	13.4 %	0.54
Q4 2014	3,330.76	10.7 %	1,133.79	13.9 %	428.03	14.7 %	0.43
2014	12,605.57	12.4 %	4,592.63	15.9 %	1,674.34	11.5 %	1.67
Q1 2015	3,037.31	11.7 %	1,110.34	20.8 %	306.48	12.0 %	0.31
Q2 2015	3,649.52	11.0 %	1,388.04	20.8 %	530.42	22.4 %	0.53
Q3 2015	3,523.58	7.8 %	1,446.52	4.0 %	595.12	10.3 %	0.60
Q4 2015	3,584.20	7.6 %	1,338.37	18.0 %	483.68	13.0 %	0.48
2015	13,794.62	9.4 %	5,283.26	15.0 %	1,915.69	14.4 %	1.92
Q1 2016	3,373.79	11.1 %	1,127.55	1.5 %	288.66	(5.8 %)	0.29
Q2 2016	3,925.89	7.6 %	1,520.89	9.6 %	658.38	24.1 %	0.66
Q3 2016	3,530.34	0.2 %	1,485.41	2.7 %	664.26	11.6 %	0.66
Q4 2016	3,508.56	(2.1 %)	1,388.64	3.8 %	536.49	10.9 %	0.54
2016	14,338.58	3.9 %	5,522.49	4.5 %	2,147.79	12.1 %	2.15
Q1 2017	3,383.53	0.3 %	1,177.43	4.4 %	328.27	13.7 %	0.33
Q2 2017	3,760.36	(4.2 %)	1,554.93	2.2 %	674.11	2.4 %	0.67
Q3 2017	3,372.92	(4.5 %)	1,516.00	2.1 %	667.01	0.4 %	0.67
Q4 2017	3,418.73	(2.6 %)	1,335.27	(3.8 %)	512.89	(4.4 %)	0.51
2017	13,935.53	(2.8 %)	5,583.64	1.1 %	2,182.29	1.6 %	2.18
Q1 2018	3,232.21	(4.5 %)	1,254.43	6.5 %	344.87	5.1 %	0.34
Q2 2018	3,672.33	(2.3 %)	1,448.45	(6.8 %)	661.39	(1.9 %)	0.66
Q3 2018	3,317.36	(1.6 %)	1,399.20	(7.7 %)	634.96	(4.8 %)	0.63
Q4 2018	3,381.18	(1.1 %)	1,262.94	(5.4 %)	370.77	(27.7 %)	0.37
2018	13,557.84	(2.7 %)	5,327.07	(4.6 %)	2,011.98	(7.8 %)	2.01
Q1 2019	3,308.89	2.4 %	1,163.91	(7.2 %)	336.03	(2.6 %)	0.34
Q2 2019	3,767.42	2.6 %	1,466.22	1.2 %	582.53	(11.9 %)	0.58
Q3 2019	3,573.26	7.7 %	1,443.77	3.2 %	581.25	(8.5 %)	0.58
Q4 2019	3,703.94	9.5 %	1,293.51	2.4 %	311.95	(15.9 %)	0.31
2019	14,351.28	5.9 %	5,366.67	0.7 %	1,811.75	(10.0 %)	1.81
Q1 2020	3,592.44	8.6 %	1,253.19	7.7 %	383.01	14.0 %	0.38
Q2 2020	4,081.84	8.3 %	1,535.19	4.7 %	643.93	10.5 %	0.64
Q3 2020	3,863.08	8.1 %	1,514.70	4.9 %	621.52	6.9 %	0.62
Q4 2020	3,819.59	3.1 %	1,232.43	(4.7 %)	335.90	7.7 %	0.34
2020	15,356.95	7.0 %	5,535.51	3.1 %	1,984.36	9.5 %	1.98
Q1 2021	3,645.01	1.5 %	1,235.11	(1.4 %)	385.95	0.8 %	0.39
Q2 2021	4,005.57	(1.9 %)	1,355.74	(11.7 %)	481.98	(25.2 %)	0.48
Q3 2021	3,941.73	2.0 %	1,275.71	(15.8 %)	409.09	(34.2 %)	0.41
Q4 2021	4,257.41	11.5 %	1,192.71	(3.2 %)	286.53	(14.7 %)	0.29
2021	15,849.72	3.2 %	5,059.27	(8.6 %)	1,563.54	(21.2 %)	1.56
Q1 2022	4,503.46	23.6 %	1,331.92	7.8 %	420.46	8.9 %	0.42
Q2 2022	4,610.45	15.1 %	1,469.61	8.4 %	520.36	8.0 %	0.52
Q3 2022	4,769.12	21.0 %	1,488.72	16.7 %	463.17	13.2 %	0.46
Q4 2022	4,839.23	13.7 %	1,333.99	11.8 %	355.82	24.2 %	0.36
2022	18,722.26	18.1 %	5,624.22	11.2 %	1,759.81	12.6 %	1.76
Q1 2023	5,066.56	12.5 %	1,617.85	21.5 %	635.06	51.0 %	0.64
Q2 2023	4,792.35	3.9 %	1,567.08	6.6 %	557.08	7.1 %	0.56
Q3 2023	4,796.93	0.6 %	1,469.45	(1.3 %)	486.26	5.0 %	0.49
Q4 2023	4,919.74	1.7 %	1,396.91	4.7 %	370.72	4.2 %	0.37
2023	19,575.59	4.6 %	6,051.29	7.6 %	2,049.12	16.4 %	2.05

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2014	12,605.57	12.4 %	4,592.63	15.9 %	1,674.34	11.5 %	1.67
2015	13,794.62	9.4 %	5,283.26	15.0 %	1,915.69	14.4 %	1.92
2016	14,338.58	3.9 %	5,522.49	4.5 %	2,147.79	12.1 %	2.15
2017	13,935.53	(2.8 %)	5,583.64	1.1 %	2,182.29	1.6 %	2.18
2018	13,557.84	(2.7 %)	5,327.07	(4.6 %)	2,011.98	(7.8 %)	2.01
2019	14,351.28	5.9 %	5,366.67	0.7 %	1,811.75	(10.0 %)	1.81
2020	15,356.95	7.0 %	5,535.51	3.1 %	1,984.36	9.5 %	1.98
2021	15,849.72	3.2 %	5,059.27	(8.6 %)	1,563.54	(21.2 %)	1.56
2022	18,722.26	18.1 %	5,624.22	11.2 %	1,759.81	12.6 %	1.76
2023	19,575.59	4.6 %	6,051.29	7.6 %	2,049.12	16.4 %	2.05

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	35.17 %	27.75 %	13.01 %
Q2 2014	34.91 %	27.35 %	12.86 %
Q3 2014	36.26 %	27.32 %	13.02 %
Q4 2014	36.43 %	27.38 %	13.12 %
2014	36.43 %	27.38 %	13.12 %
Q1 2015	37.02 %	27.31 %	13.21 %
Q2 2015	37.80 %	27.58 %	14.18 %
Q3 2015	37.51 %	27.73 %	14.32 %
Q4 2015	38.30 %	27.91 %	14.61 %
2015	38.30 %	27.91 %	14.61 %
Q1 2016	37.51 %	27.63 %	14.13 %
Q2 2016	37.71 %	28.38 %	14.20 %
Q3 2016	37.96 %	29.09 %	14.50 %
Q4 2016	38.51 %	30.87 %	15.00 %
2016	38.51 %	30.87 %	15.00 %
Q1 2017	38.84 %	31.68 %	15.27 %
Q2 2017	39.53 %	32.67 %	15.56 %
Q3 2017	40.19 %	34.21 %	15.93 %
Q4 2017	40.07 %	34.18 %	15.66 %
2017	40.07 %	34.18 %	15.66 %
Q1 2018	41.07 %	35.75 %	15.95 %
Q2 2018	40.55 %	36.32 %	15.96 %
Q3 2018	39.86 %	36.36 %	15.79 %
Q4 2018	39.44 %	36.05 %	15.53 %
2018	39.29 %	36.23 %	15.58 %
Q1 2019	38.56 %	35.36 %	15.38 %
Q2 2019	38.42 %	34.75 %	14.70 %
Q3 2019	38.04 %	33.87 %	14.05 %
Q4 2019	37.39 %	33.18 %	12.62 %
2019	37.40 %	33.20 %	12.62 %
Q1 2020	37.28 %	32.63 %	12.70 %
Q2 2020	36.96 %	32.11 %	12.84 %
Q3 2020	36.72 %	31.84 %	12.86 %
Q4 2020	36.05 %	30.84 %	12.79 %
2020	36.05 %	30.84 %	12.79 %
Q1 2021	35.81 %	31.08 %	12.76 %
Q2 2021	34.81 %	30.08 %	11.77 %
Q3 2021	33.08 %	28.17 %	10.33 %
Q4 2021	31.92 %	26.91 %	9.86 %
2021	31.92 %	26.91 %	9.86 %
Q1 2022	30.86 %	25.81 %	9.56 %
Q2 2022	30.44 %	25.38 %	9.45 %
Q3 2022	30.23 %	25.12 %	9.78 %
Q4 2022	30.04 %	25.87 %	9.84 %
2022	30.04 %	25.87 %	9.84 %
Q1 2023	30.65 %	26.64 %	10.67 %
Q2 2023	30.86 %	26.93 %	10.76 %
Q3 2023	30.72 %	26.92 %	10.43 %
Q4 2023	30.91 %	26.67 %	10.47 %
2023	30.91 %	26.67 %	10.47 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2014	36.43 %	27.38 %	13.12 %
2015	38.30 %	27.91 %	14.61 %
2016	38.51 %	30.87 %	15.00 %
2017	40.07 %	34.18 %	15.66 %
2018	39.29 %	36.23 %	15.58 %
2019	37.40 %	33.20 %	12.62 %
2020	36.05 %	30.84 %	12.79 %
2021	31.92 %	26.91 %	9.86 %
2022	30.04 %	25.87 %	9.84 %
2023	30.91 %	26.67 %	10.47 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	33.80 %	24.58 %	9.29 %
Q2 2014	34.97 %	26.96 %	13.18 %
Q3 2014	42.54 %	29.98 %	16.50 %
Q4 2014	34.04 %	27.54 %	12.85 %
Q1 2015	36.56 %	24.57 %	10.09 %
Q2 2015	38.03 %	27.96 %	16.70 %
Q3 2015	41.05 %	30.38 %	16.89 %
Q4 2015	37.34 %	28.25 %	14.05 %
Q1 2016	33.42 %	23.75 %	8.56 %
Q2 2016	38.74 %	30.67 %	16.77 %
Q3 2016	42.08 %	33.27 %	18.10 %
Q4 2016	39.58 %	35.51 %	16.10 %
Q1 2017	34.80 %	27.20 %	9.70 %
Q2 2017	41.35 %	34.36 %	17.93 %
Q3 2017	44.95 %	39.72 %	19.78 %
Q4 2017	39.06 %	35.42 %	15.00 %
Q1 2018	38.81 %	33.56 %	10.67 %
Q2 2018	39.44 %	36.46 %	18.01 %
Q3 2018	42.18 %	39.94 %	19.14 %
Q4 2018	37.35 %	34.18 %	13.94 %
Q1 2019	35.18 %	30.76 %	10.16 %
Q2 2019	38.92 %	34.21 %	15.46 %
Q3 2019	40.40 %	36.11 %	16.27 %
Q4 2019	34.92 %	31.48 %	8.42 %
Q1 2020	34.88 %	28.68 %	10.66 %
Q2 2020	37.61 %	32.20 %	15.78 %
Q3 2020	39.21 %	34.76 %	16.09 %
Q4 2020	32.27 %	27.46 %	8.25 %
Q1 2021	33.88 %	29.71 %	10.59 %
Q2 2021	33.85 %	28.40 %	12.03 %
Q3 2021	32.36 %	27.19 %	10.38 %
Q4 2021	28.02 %	22.87 %	6.73 %
Q1 2022	29.58 %	25.10 %	9.34 %
Q2 2022	31.88 %	26.43 %	11.29 %
Q3 2022	31.22 %	25.87 %	11.45 %
Q4 2022	27.57 %	26.03 %	7.35 %
Q1 2023	31.93 %	28.13 %	12.53 %
Q2 2023	32.70 %	27.64 %	11.62 %
Q3 2023	30.63 %	25.83 %	10.14 %
Q4 2023	28.39 %	25.03 %	7.54 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2014	1,000.00	1.52	1.50	8.76
Q2 2014	1,000.00	1.56	1.53	8.53
Q3 2014	1,000.00	1.62	1.60	8.99
Q4 2014	1,000.00	1.67	1.65	9.19
Q1 2015	1,000.00	1.71	1.71	9.37
Q2 2015	1,000.00	1.80	1.88	9.62
Q3 2015	1,000.00	1.86	1.94	9.99
Q4 2015	1,000.00	1.92	2.01	10.36
Q1 2016	1,000.00	1.90	2.00	10.51
Q2 2016	1,000.00	2.03	2.05	10.42
Q3 2016	1,000.00	2.09	2.09	11.08
Q4 2016	1,000.00	2.15	2.15	11.36
Q1 2017	1,000.00	2.19	2.19	11.01
Q2 2017	1,000.00	2.20	2.21	11.66
Q3 2017	1,000.00	2.21	2.23	12.26
Q4 2017	1,000.00	2.18	2.18	12.78
Q1 2018	1,000.00	2.20	2.20	13.11
Q2 2018	1,000.00	2.19	2.19	12.87
Q3 2018	1,000.00	2.15	2.15	13.39
Q4 2018	1,000.00	2.01	2.11	13.88
Q1 2019	1,000.00	2.00	2.10	14.24
Q2 2019	1,000.00	1.92	2.02	14.00
Q3 2019	1,000.00	1.87	1.97	14.58
Q4 2019	1,000.00	1.81	1.81	14.65
Q1 2020	1,000.00	1.86	1.86	14.72
Q2 2020	1,000.00	1.92	1.92	14.60
Q3 2020	1,000.00	1.96	1.96	15.33
Q4 2020	1,000.00	1.98	1.96	15.69
Q1 2021	1,000.00	1.99	1.97	16.07
Q2 2021	1,000.00	1.83	1.80	15.46
Q3 2021	1,000.00	1.61	1.59	15.86
Q4 2021	1,000.00	1.56	1.56	16.12
Q1 2022	1,000.00	1.60	1.60	16.32
Q2 2022	1,000.00	1.64	1.64	15.84
Q3 2022	1,000.00	1.69	1.77	16.27
Q4 2022	1,000.00	1.76	1.84	16.67
Q1 2023	1,000.00	1.97	2.06	17.24
Q2 2023	1,000.00	2.01	2.09	16.82
Q3 2023	1,000.00	2.03	2.03	17.49
Q4 2023	1,000.00	2.05	2.05	17.80

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2014	1,000.00	1.67	1.65	9.19
2015	1,000.00	1.92	2.01	10.36
2016	1,000.00	2.15	2.15	11.36
2017	1,000.00	2.18	2.18	12.78
2018	1,000.00	2.01	2.11	13.88
2019	1,000.00	1.81	1.81	14.65
2020	1,000.00	1.98	1.96	15.69
2021	1,000.00	1.56	1.56	16.12
2022	1,000.00	1.76	1.84	16.67
2023	1,000.00	2.05	2.05	17.80

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2014	25.51	25.87	4.43
Q2 2014	27.08	27.45	4.94
Q3 2014	29.93	30.32	5.39
Q4 2014	27.56	27.91	5.02
Q1 2015	30.66	30.66	5.59
Q2 2015	29.98	28.72	5.62
Q3 2015	27.25	26.13	5.07
Q4 2015	24.57	23.36	4.54
Q1 2016	22.12	21.02	3.99
Q2 2016	21.60	21.39	4.20
Q3 2016	20.28	20.33	3.83
Q4 2016	25.51	25.47	4.82
Q1 2017	25.80	25.76	5.13
Q2 2017	35.02	34.97	6.62
Q3 2017	25.87	25.54	4.65
Q4 2017	24.63	24.63	4.20
Q1 2018	25.19	25.19	4.22
Q2 2018	27.63	27.63	4.69
Q3 2018	23.17	23.17	3.73
Q4 2018	23.86	22.72	3.46
Q1 2019	27.46	26.14	3.86
Q2 2019	27.80	26.42	3.82
Q3 2019	26.60	25.24	3.41
Q4 2019	27.32	27.32	3.38
Q1 2020	25.29	25.29	3.19
Q2 2020	26.98	26.98	3.55
Q3 2020	26.98	26.98	3.45
Q4 2020	27.67	27.96	3.50
Q1 2021	26.17	26.44	3.24
Q2 2021	34.73	35.13	4.10
Q3 2021	35.96	36.43	3.66
Q4 2021	31.18	31.18	3.02
Q1 2022	32.04	32.04	3.14
Q2 2022	32.02	32.02	3.31
Q3 2022	31.47	30.00	3.27
Q4 2022	30.40	29.03	3.21
Q1 2023	28.57	27.41	3.27
Q2 2023	30.18	28.99	3.61
Q3 2023	31.26	31.26	3.64
Q4 2023	27.23	27.23	3.14

Period	P/E	Adjusted P/E	Price/book
2014	27.56	27.91	5.02
2015	24.57	23.36	4.54
2016	25.51	25.47	4.82
2017	24.63	24.63	4.20
2018	23.86	22.72	3.46
2019	27.32	27.32	3.38
2020	27.67	27.96	3.50
2021	31.18	31.18	3.02
2022	30.40	29.03	3.21
2023	27.23	27.23	3.14

Business Segments (Million)

Compared With The

Period	Dairy & Juice	Poultry Project	Bakeries Productions	Others..	Arable and Horticulture
Q1 2014	2,125.60	211.10	373.32	8.91	-
Q2 2014	2,547.67	250.35	399.27	89.24	-
Q3 2014	2,603.15	273.64	365.99	26.59	-
Q4 2014	2,625.49	287.67	394.33	23.27	-
Q1 2015	2,353.44	308.98	355.53	19.36	-
Q2 2015	2,869.02	313.95	396.35	70.21	-
Q3 2015	2,756.98	314.83	399.51	52.27	-
Q4 2015	2,761.46	324.49	474.46	23.79	-
Q1 2016	2,577.33	320.83	452.27	23.36	-
Q2 2016	3,054.66	365.77	458.22	47.25	-
Q3 2016	2,722.80	277.65	467.02	62.87	-
Q4 2016	2,606.53	367.26	503.28	31.48	-
Q1 2017	2,494.13	356.37	468.91	64.13	-
Q2 2017	2,920.95	387.41	434.61	17.39	-
Q3 2017	2,570.11	328.31	436.67	37.83	-
Q4 2017	2,525.29	391.54	466.90	35.00	-
Q1 2018	2,356.95	420.64	405.47	49.15	-
Q2 2018	2,752.49	434.66	377.44	62.50	-
Q3 2018	2,405.25	453.37	411.60	47.14	-
Q4 2018	2,404.97	491.69	446.89	37.63	-
Q1 2019	2,333.97	499.50	421.07	54.35	-
Q2 2019	2,782.58	527.14	394.60	60.88	-
Q3 2019	2,552.86	488.96	454.50	76.94	-
Q4 2019	2,540.58	608.99	479.13	75.24	-
Q1 2020	2,520.12	558.39	432.81	81.12	-
Q2 2020	2,966.24	614.62	424.22	76.77	-
Q3 2020	2,770.35	524.75	419.21	148.77	-
Q4 2020	2,666.97	595.02	435.72	121.87	-
Q1 2021	2,581.48	551.84	391.09	120.61	-
Q2 2021	2,895.63	566.18	400.92	142.84	-
Q3 2021	2,720.65	541.62	467.39	212.07	-
Q4 2021	2,943.57	641.81	529.47	142.55	-
Q1 2022	3,116.25	659.47	571.28	156.47	-
Q2 2022	3,136.00	736.35	567.52	170.58	-
Q3 2022	3,138.72	775.78	615.90	238.71	-
Q4 2022	3,113.15	841.84	684.60	199.65	-
Q1 2023	3,448.79	848.03	622.06	147.69	-
Q2 2023	3,178.75	849.41	620.99	143.20	-
Q3 2023	3,144.71	876.02	640.78	135.43	-
Q4 2023	3,130.31	944.88	700.63	143.91	-

Period	Dairy & Juice	Poultry Project	Bakeries Productions	Others..	Arable and Horticulture
2014	9,901.90	1,022.76	1,532.91	148.00	-
2015	10,740.89	1,262.26	1,625.84	165.63	-
2016	10,961.32	1,331.51	1,880.79	164.96	-
2017	10,510.47	1,463.63	1,807.09	154.35	-
2018	9,919.67	1,800.35	1,641.39	196.43	-
2019	10,209.99	2,124.59	1,749.30	267.40	-
2020	10,923.68	2,292.78	1,711.95	428.54	-
2021	11,141.33	2,301.46	1,788.86	618.07	-
2022	12,504.12	3,013.44	2,439.30	765.40	-
2023	12,902.56	3,518.34	2,584.46	570.23	-

Analysts Estimates (Million)

Item	Q4 2023 (e)	Q4 2023 (a)	Change‬
Average	405.02	370.72	(8.5 %)

Estimates vs Actual (Million)

Item	Q4 2023 (e)	Q4 2023 (a)	Change
Sico	372.00	370.72	(0.3) %
Al Rajhi Capital	373.00	370.72	(0.6) %
SNB Capital	388.00	370.72	(4.5) %
Yaqeen Capital	391.22	370.72	(5.2) %
AlJazira Capital	407.90	370.72	(9.1) %
U-Capital	446.00	370.72	(16.9) %
Riyad Capital	457.00	370.72	(18.9) %

Financial Ratios

	Current
Market Cap (M Riyal)	54,600.00
Enterprise Value (EV) (M)	63,737.56
Shares Outstanding ((M))	1,000.00
EPS ( Riyal) (TTM)	2.11
Book Value (BV) ( Riyal)	18.34
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	25.92
P/E (TTM)	25.92
Price/book	2.98
Return on Average Assets (%) (TTM)	6.2
Return on Average Equity (%) (TTM)	11.8

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Almarai 2023 profit up 16% to SAR 2.04B; Q4 at SAR 370.7M

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Almarai Co. (ALMARAI)

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Financial results (Million)

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Analysts Estimates (Million)

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Almarai 2023 profit up 16% to SAR 2.04B; Q4 at SAR 370.7M

View other reports

Share Price

Almarai Co. (ALMARAI)

Financials (M)

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) Q4 2023

Revenue by Business Segment (Latest) 2023 Q4

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

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Business Segments (Million)