Saudi healthcare firms' profit seen to surge 93% in Q4

16/01/2018 Argaam Exclusive

Saudi-listed healthcare service providers are forecast to report aggregate net profit of SAR 292.3 million in Q4 2017, a hike of 93.4 percent year-on-year (YoY) and 10.7 percent on a quarterly basis, average research estimates compiled by Argaam showed.

 

Al Hammadi Company for Development and Investment is projected to record the biggest profit rise of 160 percent YoY to SAR 28 million in the fourth quarter.

 

Dallah Healthcare Holding came second with a 61 percent YoY jump.

 

National Medical Care Co. is likely to turn to net profit of SAR 27 million, against a net loss of SAR 71 million in Q4 2016.

 

Meanwhile, the Saudi German Hospital’s net earnings are forecast to drop 24 percent YoY to SAR 66 million in the same period. 

QOQ YOY

Analyst Estimates (Net Income)

Company No. of Analysts 2016 - Q4 (a) 2017 - Q4 (e) Difference
MOUWASAT 8 75.65 87.26 15.4 %
ALHAMMADI 8 10.48 27.89 166.0 %
DALLAH HEALTH 7 51.71 83.66 61.8 %
CARE 7 (69.69) 27.29 139.2 %
SAUDI GERMAN HEALTH 5 84.73 66.24 (21.8 %)
Total 8 152.87 292.34 91.2 %

The data includes average forecasts issued by Osool & Bakheet, Aljazira Capital, Al Rajhi Capital and Alistithmar Capital.

Estimates per Analyst

AlJazira Capital Arbah Capital Sico OSOOL AND BAKHEET Al Rajhi Capital Alistithmar Capital Albilad Capital SNB Capital Average
MOUWASAT 90.50 79.00 87.00 90.30 85.00 96.30 84.00 86.00 87.26
ALHAMMADI 29.20 26.20 30.00 27.50 28.00 29.20 26.00 27.00 27.89
DALLAH HEALTH 76.20 77.40 82.00 93.20 82.00 86.81 88.00 - 83.66
CARE 28.60 22.00 28.00 29.20 30.00 24.26 29.00 - 27.29
SAUDI GERMAN HEALTH 70.50 74.40 64.00 58.30 - - - 64.00 66.24

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TASI 11,849.37 (43.07) (0.36 %)

Stock Prices

DALLAH HEALTH 152.60 (0.80) (0.52%)
MOUWASAT 84.70 (3.30) (3.77%)
CARE 167.00 2.40 1.45%
ALHAMMADI 38.75 (0.60) (1.54%)
SAUDI GERMAN HEALTH 70.40 (0.50) (0.71%)

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