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Bawan likely to see profit growth in Q4 2023
08/02/2024
Argaam Exclusive
In this report, Argaam highlights the expected results of Bawan Co. in Q4 2023, in addition to the company’s key events, quarterly revenue and profit development, as well as performance and profitability indicators.
The company’s revenue is expected to decline 10.47% year-on-year (YoY) in Q4 2023 to SAR 851 million.
Quarter Revenue Changes (M Riyal)
| Item | Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 (Average Estimate) |
|---|---|---|---|---|---|
| Sales | 859.94 | 892.45 | 768.08 | 832.01 | 851.00 |
| Change % | 1.28% | (0.07%) | (3.78%) | 2.34% | (1.04%) |
Quarter Net Income Changes (M Riyal)
| Item | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 (Average Estimate) |
|---|---|---|---|---|---|
| Net Income | 29.83 | 34.53 | 25.04 | 40.10 | 42.57 |
| Extraordinary income/expense | 0.00 | 0.00 | 4.83 | 2.91 | - |
| Net Profit Before Unusual Items | 29.83 | 34.53 | 20.21 | 37.20 | - |
| EPS Before Unusual Items (Riyal/Share) | 0.50 | 0.58 | 0.34 | 0.62 | 0.71 |
Quarterly Profit and Revenue (M Riyal)
Average estimates:
Bawan is expected to log a net profit of SAR 42.6 million in Q4 2023, compared to SAR 29.8 million in Q4 2022, according to average estimates by two research firms.
Quarterly Actuals vs Estimates (M Riyal)
Average Estimate (M Riyal)
| Analyst | Million Riyals |
|---|---|
| Osool and Bakheet Investment Co. | 45.14 |
| Al Rajhi Capital Company | 40.00 |
| Average | 42.57 |
| Net Profit Before Unusual Items (2022 - Q4) | 29.83 |
| Change % | 42.73% |
Performance and profitability indicators:
The following table shows the stock performance, P/E ratio, and earnings per share trailing 12 months (TTM) and year to date (YTD):
Stock Performance
| Item | The Company | TASI |
|---|---|---|
| YTD | 6.36 % | 1.38 % |
| Change(12M) | 30.73 % | 16.13 % |
| Previous Close | 49.70 | 12,202.78 |
| P/E adjusted (x) | 24.49 | 26.76 |
| EPS (TTM) before unusual items (SAR/Share) | 2.03 | - |
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Valuation Data (Latest Share Price)
| P/E (TTM) | 26.23 |
| P/E Before Unusual Items (TTM) | 26.23 |
| P/BV | 3.27 |
| Dividend Yield | 3.29 % |
| Market Cap. (M) | 2,940.00 |
| Return on Average Assets | 5.37 % |
| Return on Average Equity | 12.57 % |
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