Tadawul Group 2021 profit rises 17% to SAR 587.7 mln; Q4 earnings down 28%

06/03/2022 Argaam Exclusive

Saudi Tadawul Group Holding Co. (Tadawul Group) reported a net profit after Zakat and tax of SAR 587.7 million in 2021, up 17% from SAR 500.5 million in the year-ago period. 



Financials (M)

Item 2020 2021 Change‬
Revenues 1,079.64 1,166.08 8.0 %
Gross Income 754.40 834.29 10.6 %
Operating Income 543.16 613.57 13.0 %
Net Income 500.52 587.69 17.4 %
Average Shares 120.00 120.00 -
EPS (Riyals) 4.17 4.90 17.4 %

The profit was driven by an 8.01% year-on-year (YoY) increase in operating revenues due to the solid growth in trading services, post-trade services and listing fees. 

 

The group’s gross profit increased 8.7% YoY in 2021 due to higher operating revenues. In addition, Zakat expenses decreased by 20.7% because of the optimization of the group’s financial assets in 2021.

 

The company reported a net profit after Zakat and tax of SAR 110.5 million in Q4 2021, a decline of 28% YoY.



Current Quarter Comparison (M)

Compared With The
Item Q4 2020 Q4 2021 Change‬
Revenues 382.14 257.54 (32.6 %)
Gross Income 302.68 184.53 (39.0 %)
Operating Income 226.01 110.57 (51.1 %)
Net Income 153.59 110.46 (28.1 %)
Average Shares 120.00 120.00 -
EPS (Riyals) 1.28 0.92 (28.1 %)

On a sequential basis, Q4 2021 net profit decreased 4.1%.

 

Shareholders' equity, excluding minority interest, at the end of the period amounted to SAR 3.092 billion, compared to SAR 3.634 billion in the same period of the previous year. 

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Share Price

Saudi Tadawul Group Holding Co.
223.60
(1.80) (0.80 %)

Saudi Tadawul Group Holding Co. (TADAWUL GROUP)

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Financial Ratios
Current
Market Cap (M Riyal) 26,832.00
Enterprise Value (EV) (M) 23,601.21
Shares Outstanding ((M)) 120.00
EPS ( Riyal) (TTM) 4.98
Book Value (BV) ( Riyal) 28.07
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 44.91
P/E (TTM) 44.91
Price/book 7.97
Return on Average Assets (%) (TTM) 7.0
Return on Average Equity (%) (TTM) 18.5
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