Quara Finance 2023 profit up 6% to SAR 53.8M; Q4 profit at SAR 5.6M

26/03/2024 Argaam Exclusive

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Share Price

Quara Finance Co. (QUARA)

Quara Finance Co.’s net profit for 2023 rose by 6% to SAR 53.8 million, compared to SAR 50.8 million in 2022.

The profit rise was attributed to growing demand for financial products, as the company was able to maintain a good yield on the products year-on-year (YoY) due to its focus on retail products.

Financials (M)

Item	2022	2023	Change‬
Net income from finance commissions	156.12	178.71	14.5 %
Net Income	50.84	53.79	5.8 %
Average Shares	30.00	30.00	-
EPS (Riyals)	1.69	1.79	5.8 %

Q4 net profit fell 56% to SAR 5.6 million from SAR 12.8 million in Q4 2022.

Sequentially, Q4 profit fell 72.2% to SAR 20.2 million in Q3 2023.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2022	Q4 2023	Change‬
Net income from finance commissions	41.09	41.81	1.7 %
Net Income	12.82	5.62	(56.1 %)
Average Shares	30.00	30.00	-
EPS (Riyals)	0.43	0.19	(56.1 %)

Item	Q3 2023	Q4 2023	Change‬
Net income from finance commissions	43.83	41.81	(4.6 %)
Net Income	20.27	5.62	(72.2 %)
Average Shares	30.00	30.00	-
EPS (Riyals)	0.68	0.19	(72.2 %)

View more financial results

Financial results (Million)

Period	Commission income from finance and investments	Change	Net income from finance commissions	Change	Net Income	Change	EPS(Riyal)
Q1 2014	-	-	-	-	-	-	-
Q2 2014	-	-	-	-	-	-	-
Q3 2014	-	-	-	-	-	-	-
Q4 2014	-	-	-	-	-	-	-
2014	-	-	-	-	-	-	-
Q1 2015	-	-	-	-	-	-	-
Q2 2015	-	-	-	-	-	-	-
Q3 2015	-	-	-	-	-	-	-
Q4 2015	-	-	-	-	-	-	-
2015	-	-	-	-	-	-	-
Q1 2016	-	-	-	-	-	-	-
Q2 2016	-	-	-	-	-	-	-
Q3 2016	-	-	-	-	-	-	-
Q4 2016	-	-	-	-	-	-	-
2016	11.51	-	11.51	-	2.37	-	0.24
Q1 2017	-	-	-	-	-	-	-
Q2 2017	-	-	-	-	-	-	-
Q3 2017	-	-	-	-	-	-	-
Q4 2017	-	-	-	-	-	-	-
2017	30.09	161.4 %	25.62	122.6 %	3.18	34.2 %	0.21
Q1 2018	-	-	-	-	-	-	-
Q2 2018	-	-	-	-	-	-	-
Q3 2018	-	-	-	-	-	-	-
Q4 2018	-	-	-	-	-	-	-
2018	31.91	6.1 %	23.90	(6.7 %)	(1.81)	(156.8 %)	(0.12)
Q1 2019	10.24	-	5.23	-	(1.81)	-	(0.12)
Q2 2019	13.18	-	8.32	-	1.17	-	0.08
Q3 2019	14.29	-	9.59	-	4.73	-	0.32
Q4 2019	14.61	-	9.58	-	0.65	-	0.04
2019	52.31	63.9 %	32.72	36.9 %	4.74	362.4 %	0.32
Q1 2020	20.56	100.8 %	15.33	192.8 %	0.15	108.2 %	0.01
Q2 2020	3.85	(70.8 %)	(8.24)	(199.2 %)	(27.90)	(2484.4 %)	(1.86)
Q3 2020	4.51	(68.4 %)	0.80	(91.7 %)	(13.42)	(383.7 %)	(0.45)
Q4 2020	18.81	28.8 %	13.18	37.5 %	(10.20)	(1663.3 %)	(0.34)
2020	47.72	(8.8 %)	21.06	(35.6 %)	(51.36)	(1183.1 %)	(1.71)
Q1 2021	32.88	60.0 %	27.28	78.0 %	(3.51)	(2462.1 %)	(0.12)
Q2 2021	47.58	1136.6 %	42.27	612.7 %	4.75	117.0 %	0.16
Q3 2021	44.96	897.3 %	41.24	5063.2 %	2.40	117.9 %	0.08
Q4 2021	41.63	121.3 %	37.27	182.9 %	28.16	376.1 %	0.94
2021	167.05	250.1 %	148.06	603.1 %	31.80	161.9 %	1.06
Q1 2022	41.88	27.4 %	39.00	43.0 %	7.42	311.3 %	0.25
Q2 2022	42.53	(10.6 %)	40.33	(4.6 %)	17.84	275.6 %	0.59
Q3 2022	41.91	(6.8 %)	35.70	(13.4 %)	12.76	432.1 %	0.43
Q4 2022	44.23	6.2 %	41.09	10.2 %	12.82	(54.5 %)	0.43
2022	170.55	2.1 %	156.12	5.4 %	50.84	59.9 %	1.69
Q1 2023	49.45	18.1 %	46.68	19.7 %	12.34	66.3 %	0.41
Q2 2023	48.60	14.3 %	46.40	15.0 %	15.56	(12.8 %)	0.52
Q3 2023	45.75	9.2 %	43.83	22.8 %	20.27	58.9 %	0.68
Q4 2023	43.81	(1.0 %)	41.81	1.7 %	5.62	(56.1 %)	0.19
2023	187.61	10.0 %	178.71	14.5 %	53.79	5.8 %	1.79

Period	Commission income from finance and investments	Change	Net income from finance commissions	Change	Net Income	Change	EPS(Riyal)
2014	-	-	-	-	-	-	-
2015	-	-	-	-	-	-	-
2016	11.51	-	11.51	-	2.37	-	0.24
2017	30.09	161.4 %	25.62	122.6 %	3.18	34.2 %	0.21
2018	31.91	6.1 %	23.90	(6.7 %)	(1.81)	(156.8 %)	(0.12)
2019	52.31	63.9 %	32.72	36.9 %	4.74	362.4 %	0.32
2020	47.72	(8.8 %)	21.06	(35.6 %)	(51.36)	(1183.1 %)	(1.71)
2021	167.05	250.1 %	148.06	603.1 %	31.80	161.9 %	1.06
2022	170.55	2.1 %	156.12	5.4 %	50.84	59.9 %	1.69
2023	187.61	10.0 %	178.71	14.5 %	53.79	5.8 %	1.79

Profitability

Period	Return On Average Assets	Return on Average Equity	Net Profit/Investment Income & Other Financing Operations
Q1 2014	-	-	-
Q2 2014	-	-	-
Q3 2014	-	-	-
Q4 2014	-	-	-
2014	-	-	-
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
2015	-	-	-
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
2016	-	-	20.58 %
Q1 2017	-	-	-
Q2 2017	-	-	-
Q3 2017	-	-	-
Q4 2017	-	-	-
2017	1.86 %	2.66 %	10.57 %
Q1 2018	-	-	-
Q2 2018	-	-	-
Q3 2018	-	-	-
Q4 2018	-	-	-
2018	(0.61 %)	(1.26 %)	(5.66 %)
Q1 2019	-	-	(17.68 %)
Q2 2019	-	-	(2.73 %)
Q3 2019	-	-	10.85 %
Q4 2019	-	-	9.07 %
2019	1.25 %	3.29 %	9.07 %
Q1 2020	-	4.67 %	10.70 %
Q2 2020	-	(17.20 %)	(41.97 %)
Q3 2020	-	(20.19 %)	(93.10 %)
Q4 2020	(7.18 %)	(26.22 %)	(107.64 %)
2020	(7.18 %)	(26.22 %)	(107.64 %)
Q1 2021	(6.99 %)	(28.33 %)	(91.64 %)
Q2 2021	(2.64 %)	(12.25 %)	(21.56 %)
Q3 2021	(0.68 %)	(2.60 %)	(4.55 %)
Q4 2021	2.99 %	11.93 %	19.03 %
2021	2.99 %	11.93 %	19.03 %
Q1 2022	4.06 %	16.24 %	24.27 %
Q2 2022	5.23 %	20.34 %	32.64 %
Q3 2022	6.26 %	23.02 %	39.40 %
Q4 2022	5.00 %	16.23 %	29.81 %
2022	5.00 %	16.23 %	29.81 %
Q1 2023	-	-	31.30 %
Q2 2023	4.07 %	15.99 %	29.03 %
Q3 2023	6.74 %	17.11 %	32.43 %
Q4 2023	6.35 %	14.71 %	28.67 %
2023	6.35 %	14.71 %	28.67 %

Period	Return On Average Assets	Return on Average Equity	Net Profit/Investment Income & Other Financing Operations
2014	-	-	-
2015	-	-	-
2016	-	-	20.58 %
2017	1.86 %	2.66 %	10.57 %
2018	(0.61 %)	(1.26 %)	(5.66 %)
2019	1.25 %	3.29 %	9.07 %
2020	(7.18 %)	(26.22 %)	(107.64 %)
2021	2.99 %	11.93 %	19.03 %
2022	5.00 %	16.23 %	29.81 %
2023	6.35 %	14.71 %	28.67 %

Balance Sheet (B)

Period	Assets	Change	Net Finance Investments	Change
Q1 2014	-	-	-	-
Q2 2014	-	-	-	-
Q3 2014	-	-	-	-
Q4 2014	-	-	-	-
Q1 2015	-	-	-	-
Q2 2015	-	-	-	-
Q3 2015	-	-	-	-
Q4 2015	-	-	-	-
Q1 2016	-	-	-	-
Q2 2016	-	-	-	-
Q3 2016	-	-	-	-
Q4 2016	-	-	-	-
Q1 2017	-	-	-	-
Q2 2017	-	-	-	-
Q3 2017	-	-	-	-
Q4 2017	-	-	-	-
Q1 2018	-	-	-	-
Q2 2018	-	-	-	-
Q3 2018	-	-	-	-
Q4 2018	-	-	-	-
Q1 2019	-	-	-	-
Q2 2019	-	-	-	-
Q3 2019	-	-	-	-
Q4 2019	0.40	-	0.34	-
Q1 2020	0.49	-	0.35	-
Q2 2020	0.57	-	0.38	-
Q3 2020	0.79	-	0.58	-
Q4 2020	1.03	155.3 %	0.88	158.8 %
Q1 2021	1.09	124.4 %	1.04	199.3 %
Q2 2021	1.12	95.3 %	1.05	179.4 %
Q3 2021	1.13	42.3 %	1.00	72.4 %
Q4 2021	1.10	7.3 %	0.87	(0.8 %)
Q1 2022	1.01	(6.8 %)	0.77	(25.9 %)
Q2 2022	1.01	(9.9 %)	0.70	(33.6 %)
Q3 2022	0.98	(12.8 %)	0.73	(26.4 %)
Q4 2022	0.93	(15.6 %)	0.71	(18.5 %)
Q1 2023	-	-	-	-
Q2 2023	1.61	59.7 %	0.73	3.7 %
Q3 2023	0.83	(16.2 %)	0.67	(8.1 %)
Q4 2023	0.77	(17.8 %)	0.68	(4.7 %)

Period	Assets	Change	Net Finance Investments	Change
3m 2014	-	-	-	-
6m 2014	-	-	-	-
9m 2014	-	-	-	-
12m 2014	-	-	-	-
3m 2015	-	-	-	-
6m 2015	-	-	-	-
9m 2015	-	-	-	-
12m 2015	-	-	-	-
3m 2016	-	-	-	-
6m 2016	-	-	-	-
9m 2016	-	-	-	-
12m 2016	0.10	-	0.09	-
3m 2017	-	-	-	-
6m 2017	-	-	-	-
9m 2017	-	-	-	-
12m 2017	0.24	129.5 %	0.19	123.4 %
3m 2018	-	-	-	-
6m 2018	-	-	-	-
9m 2018	-	-	-	-
12m 2018	0.35	48.8 %	0.26	34.2 %
3m 2019	-	-	-	-
6m 2019	-	-	-	-
9m 2019	-	-	-	-
12m 2019	0.40	13.4 %	0.34	32.5 %
3m 2020	0.49	-	0.35	-
6m 2020	0.57	-	0.38	-
9m 2020	0.79	-	0.58	-
12m 2020	1.03	155.3 %	0.88	158.8 %
3m 2021	1.09	124.4 %	1.04	199.3 %
6m 2021	1.12	95.3 %	1.05	179.4 %
9m 2021	1.13	42.3 %	1.00	72.4 %
12m 2021	1.10	7.3 %	0.87	(0.8 %)
3m 2022	1.01	(6.8 %)	0.77	(25.9 %)
6m 2022	1.01	(9.9 %)	0.70	(33.6 %)
9m 2022	0.98	(12.8 %)	0.73	(26.4 %)
12m 2022	0.93	(15.6 %)	0.71	(18.5 %)
3m 2023	-	-	-	-
6m 2023	1.61	59.7 %	0.73	3.7 %
9m 2023	0.83	(16.2 %)	0.67	(8.1 %)
12m 2023	0.77	(17.8 %)	0.68	(4.7 %)

Period	Assets	Change	Net Finance Investments	Change
2014	-	-	-	-
2015	-	-	-	-
2016	0.10	-	0.09	-
2017	0.24	129.5 %	0.19	123.4 %
2018	0.35	48.8 %	0.26	34.2 %
2019	0.40	13.4 %	0.34	32.5 %
2020	1.03	155.3 %	0.88	158.8 %
2021	1.10	7.3 %	0.87	(0.8 %)
2022	0.93	(15.6 %)	0.71	(18.5 %)
2023	0.77	(17.8 %)	0.68	(4.7 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2014	-	-	-	-
Q2 2014	-	-	-	-
Q3 2014	-	-	-	-
Q4 2014	-	-	-	-
Q1 2015	-	-	-	-
Q2 2015	-	-	-	-
Q3 2015	-	-	-	-
Q4 2015	-	-	-	-
Q1 2016	-	-	-	-
Q2 2016	-	-	-	-
Q3 2016	-	-	-	-
Q4 2016	-	-	-	-
Q1 2017	-	-	-	-
Q2 2017	-	-	-	-
Q3 2017	-	-	-	-
Q4 2017	-	-	-	-
Q1 2018	-	-	-	-
Q2 2018	-	-	-	-
Q3 2018	-	-	-	-
Q4 2018	-	-	-	-
Q1 2019	15.00	(0.12)	(0.12)	9.34
Q2 2019	15.00	(0.04)	(0.04)	9.41
Q3 2019	15.00	0.27	0.27	9.73
Q4 2019	15.00	0.32	0.32	9.77
Q1 2020	15.00	0.45	0.45	9.78
Q2 2020	15.00	(1.49)	(1.49)	7.92
Q3 2020	30.00	(1.35)	(1.35)	8.51
Q4 2020	30.00	(1.71)	(1.71)	8.17
Q1 2021	30.00	(1.83)	(1.83)	8.06
Q2 2021	30.00	(0.75)	(0.75)	8.22
Q3 2021	30.00	(0.22)	(0.22)	8.30
Q4 2021	30.00	1.06	1.06	9.60
Q1 2022	30.00	1.42	1.42	9.48
Q2 2022	30.00	1.86	1.86	10.08
Q3 2022	30.00	2.21	2.21	10.86
Q4 2022	30.00	1.69	1.69	11.29
Q1 2023	30.00	1.86	1.86	-
Q2 2023	30.00	1.78	1.78	12.22
Q3 2023	30.00	2.03	2.03	12.90
Q4 2023	30.00	1.79	1.79	13.08

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2014	-	-	-	-
2015	-	-	-	-
2016	10.00	0.24	0.24	9.40
2017	15.00	0.21	0.21	9.64
2018	15.00	(0.12)	(0.12)	9.46
2019	15.00	0.32	0.32	9.77
2020	30.00	(1.71)	(1.71)	8.17
2021	30.00	1.06	1.06	9.60
2022	30.00	1.69	1.69	11.29
2023	30.00	1.79	1.79	13.08

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2014	-	-	-
Q2 2014	-	-	-
Q3 2014	-	-	-
Q4 2014	-	-	-
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
Q1 2017	-	-	-
Q2 2017	-	-	-
Q3 2017	-	-	-
Q4 2017	-	-	-
Q1 2018	-	-	-
Q2 2018	-	-	-
Q3 2018	-	-	-
Q4 2018	-	-	-
Q1 2019	-	-	-
Q2 2019	-	-	-
Q3 2019	-	-	-
Q4 2019	-	-	-
Q1 2020	-	-	-
Q2 2020	-	-	-
Q3 2020	-	-	-
Q4 2020	-	-	-
Q1 2021	-	-	-
Q2 2021	-	-	-
Q3 2021	-	-	-
Q4 2021	-	-	-
Q1 2022	-	-	-
Q2 2022	-	-	-
Q3 2022	-	-	-
Q4 2022	-	-	-
Q1 2023	-	-	-
Q2 2023	-	-	-
Q3 2023	-	-	-
Q4 2023	-	-	-

Period	P/E	Adjusted P/E	Price/book
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	-	-	-
2019	-	-	-
2020	-	-	-
2021	-	-	-
2022	-	-	-
2023	-	-	-

Financial Ratios

	Current
Market Cap (M)	503.40
Shares Outstanding ((M))	30.00
Book Value (BV) ( Riyal)	13.08
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	9.36
Price/book	1.28

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Quara Finance 2023 profit up 6% to SAR 53.8M; Q4 profit at SAR 5.6M

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Share Price

Quara Finance Co. (QUARA)

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profitability

Profitability

Balance Sheet (B)

Balance Sheet Performance (B)

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Financial Ratios

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Quara Finance 2023 profit up 6% to SAR 53.8M; Q4 profit at SAR 5.6M

View other reports

Share Price

Quara Finance Co. (QUARA)

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profitability

Profitability

Balance Sheet (B)

Balance Sheet Performance (B)

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Financial Ratios

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